Once the stock hit the high today of .23 one of my coworkers wanted to test the water and sell when the bid was at .20. We can thank him for it coming off it's high for the day. His broker didn't want him to buy the stock at .07 /.08 and after several months when it was bouncing around and went down between .09 and .10. he had to tell him to buy it. Reluctantly the broker did. He had been told your going to have trouble with such a small volume and float getting out when you want. So today when it was a double for him he sold a small position of 35,000 shares, I said to him I thought you wanted to retire? He said, its only a few, I want to play and see if in the last half hour I can get out while it's up. He was out in 2 minutes along with someone else that sold 15,000 at .20. He's hoping it retracts so he can pick up more with his profits. Either way he's going back in, he wanted to see if what his broker was telling him was really true. In this case, at this time it wasn't. It appears many of the brokers provide the same stay away from pennies philosophy, My neighbors broker told him the same. Guess they don't make as much profit on their commission. I wonder what they will say when the company does secure the funding they want and it's in the $$ range. I think it'll be #$##% if only I had taken a nice position, I wouldn't have to work at this lousy job anymore. We aren't there yet but thanks to Barrymore for kicking this thing off. I like higher highs and higher lows. Todays activity was from only seven players by 3:30 and ~300K shares. Can't imagine what this'll do with scores of buyers and millions of shares trading. Oh wait, yes I can, and a nice picture it is. GLTA
