I'm already stuck and realistically think of this as a loss. I could care less about my mistake, lesson learned, but maybe the new feller out there does not know what these types of companies do with the RS, so I choose to show both sides of the scenario. I do NOT know for fact a RS is coming no more then you know there is a RM coming, but from all the criteria a RS is more plausible. I would rather loose what I have here, then jip or talk somebody into buying shares just so I can get out, that is just plain wrong. Yes I use to believe in the “just got off the phone” stories and posted with enthusiasm because I truly believed there was going to be a RM, and the phone stories happened on more than one security. If one looks back here bout a year and a half ago you will see that I use to believe. I was not up on the “fluff em up” posts and believed what I read, yep I was foolish, my bad. Lets try to educate the new folks here about the possibilities and not to take advantage of them to buy “our” shares. The phone stories are garbage and a great seducer for the uneducated. I will challenge anybody to post their realized and non realized symbol history here, meaning type MSTF into your brokerage account for transaction activity that will tell the true story here huh. I will start the show let’s let it all hang out huh. I am not proud of my mistake here but I do not hide behind it either, it is what it is, I just do not want to see others fall into this trap, just so the “promoters” and company brass can make some coin. It is wrong anyway you slice it, plain and simple. If there really was a RM the PPS will/would reflect it in plenty of time to average down more, or for the folks on the sidelines to get in, plenty of time. Smart money waits, the rest of us are stuck like Chuck.
Yep look at the mistake this boneheaded bird made, I have three accounts and they all purdy much look like this. 2,200.00 now worth 150 and after a RS about 40 bucks. Luckily I have learned how to Chart and trade a lil better, as for 2009 I am up 387% trading big board stocks and I have that on record as well. I have only had two trades at a loss in 2009, trading 2-10 times a week depending on time, and one was basically just a commish loss. I play the stock NOT the story, that is my main point here folks as the story is usually who ha ha.
Rock on.
Symbol 'MSTF' Transaction History
Security Name: MONARCH STAFFING INC
Account ***** Helpful Topics
Wash sales
Corporate Actions
Cumulative
Date Transaction Shares Cost Shares Cost
02/08/2008 Buy MSTF 260,000 451.21 260,000 451.21
02/15/2008 Buy MSTF 10,000 97.45 270,000 548.66
03/19/2008 Buy MSTF 11,000 66.70 281,000 615.36
03/31/2008 Buy MSTF 38,225 179.87 319,225 795.23
03/31/2008 Buy MSTF 100,000 610.00 419,225 1,405.23
03/31/2008 Buy MSTF 41,000 270.71 460,225 1,675.94
07/21/2008 Buy MSTF 51,000 32.63 511,225 1,708.57
08/25/2008 Buy MSTF 225,000 120.06 736,225 1,828.63
08/25/2008 Buy MSTF 600,000 248.20 1,336,225 2,076.83
08/26/2008 Buy MSTF 164,222 122.53
Current Status 1,500,447 2,199.36
