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Friday, January 22, 2010 6:56:06 PM
That would be awesome for you to do this. It would be greatly appreciated.
Every now and then, I am not afraid to take a shot of the Kool-Aid as I have seen Kool-Aid transform into Orange Juice right before our very eyes in our stomachs. Hopefully BEDA can do so. If you ever invested into any penny stock within the market, you probably had a shot or two of the Kool-Aid and just didn’t know it. It comes with the risk of simply investing within the penny stock market.
I am here taking the risk in BEDA primarily because of the 2 or 3 acquisitions they have on the table. If they close either one of them, both, or all three, then this should go to the pennies.
I did not buy BEDA because of it being a Reg SHO play. I do think that such is gravy though as per SEC rules, a covering is suppose to take place since it is an official confirmation of a naked short existing. The link below elaborates on the official time that is allotted before a covering has to take place.
BEDA has a type of MCLN type of flavor to it. Although MCLN is not on the Regulation SHO List anymore, BEDA is. Because of this, I expect for BEDA to follow a similar pattern as did MCLN... if news of substance is delivered.
MCLN ran from the .001s to .076 per share over a short period of time because of news of substance and due to a covering that was in need of taking place. The covering had taken place all the way up and down to where MCLN has since stabilized in the .025 to .03 per share range. Heck, I think many here will be content with BEDA settling down in the .025 to .03 per share range after a covering.
I don't know where BEDA will stabilize after such covering takes place, but it definitely should be much higher than where it’s at now in my opinion.
BEDA being on the Regulation SHO Threshold Security List is "official" confirmation that a naked short position exists that needs to be covered. This means that there are plenty of "Failure to Deliver" positions out there existing in BEDA. To refresh your thoughts about being on the Reg SHO List and what it means, read the post below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45529803
I was jumping up and down about MCLN when it was at these levels. I’m not jumping up and down about BEDA just yet, but I will if they close any of their scheduled acquisitions. They are in the final stages and doing the final paperwork to close the acquisition so I’m willing to wait and see what materializes.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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