InvestorsHub Logo
Followers 1
Posts 465
Boards Moderated 0
Alias Born 09/30/2009

Re: BlakeGroup post# 19395

Tuesday, 06/01/2010 11:46:13 PM

Tuesday, June 01, 2010 11:46:13 PM

Post# of 93372
Blake,

"I didn't fault anyone for taking profits on Friday kind of wish I had."

I don't blame anyone either and make no mistake about it that I trade the pinks all day, every day and that is the objective - buy low and the sell the run before the pull-back for a profit.

The point I was trying to make is the if members of this board are honest in their count of how much of float they have "locked-up" this should have seen .01 easy with-out the sell-off, IMHO.

Mind you have no PROBLEM with people selling for a profit on the runs but everyone should be honest with their intentions, don't you think? Imagine my surprise after reading several of the frequent posters on here who claimed this was a .03 - .05 cent stock admit they had sold chunks off during the ralley which probally helped the pull-back.

"How do you figure this is a traders stock we have not had any real significant volume in months."

You are correct on that but I am now convinced that we see the same type of sell-off as Friday with any increase in volume for awhile with people locking in profit.

"I truly believe in my gut that this stock will eventually head north of .01 and you will have to ask yourself what side of history you want to be on at that time."

I thought that same thing prior to Friday..With all the float mostly locked-up and the good things that the company has going for it I thought it was a slam dunk. Now I honestly believe that it will not happen until the share count is lower, but I could be wrong..

GLTA