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Re: spottrader post# 20476

Tuesday, 03/30/2010 8:50:24 PM

Tuesday, March 30, 2010 8:50:24 PM

Post# of 111214
With the float lock down, patience is a must! The C stock took more than 12 months to get to where it is today. I think it's important to keep that in mind. Now with C and its eventual short squeeze, due to the FLOAT LOCK, an avalanche of funds is going to buy EIGH shares IMO. This may in fact decrease the time to the lock down and speed the squeeze faster than C. Now that is exciting!

I think it's very important to buy shares that you promise you won't touch no matter what until the squeeze happens. The one thing that experience teaches: learn from people that know a heck of a lot more than you do (i.e. Monk, Ex and others).

As time goes on, and you learn the Float Lock Down strategy and how to know when the squeeze is occurring, it will become apparent when it is time to sell. Once you understand this process, the temptation to sell into a rally, or flip, rinse repeat will not make sense. I bought shares of the C stock at .059, and it's in my message history, and sold my shares like a sot. Anyhow, I shall hold as long as it takes until the squeeze. All of Monk's strategies are COUNTER INTUITIVE to the typical pink sheet player.

I hope that it is alright with the rest of the board that I expressed my thoughts on this and if I am incorrect, please inform me so that I am always on the same page with the Monk Team!

Thanks.