Actually, he did zent. I guess Terin had
turned 275,000 shares around early yesterday for a nice profit, then went all in...lol. He did this before he knew his share total was > the stated o/s by the transfer agent.
I sold because I didn't like the games they were playing with pricing and trading and wondering why they were allowed to continue to trade where the shares being traded have been confirmed to be greater than the O/S the transfer agent told me this morning.
It made no sense and should have been trading higher. I made no mention to Terin today to hold his shares after seeing the game and the range they locked this into. However if this blew past .035 and kept steamrolling to .07 or higher, he would have heard the same "hold your shares" request and I would have been holding right with him.
Seeing the move yesterday and the first 20 minutes this morning had me holding my shares tight and smiling all the way. From that point I thought it could actually get better if the MM's were forced to buy back and cancel shares. After 6 or 7 waves of see .016 to .02 .016, I felt closing my position from .006 was the good thing to do over the weekend for nothing more than peace of mind to enjoy the weekend. Believe me, I wish this thing showed strength to .07 or beyond and I would still be in it even through the weekend. I can't explain the lack of movement even after I posted what I confirmed with the T/A this morning.
Make no mistake, GLKCE is on very close watch. If no return call occurs today I'll place another on Monday. I want to make sense of what we are seeing very much, and find out if the MM's are blatantly trading this illegally by actually using false shares, known to be over the o/s, to strong arm the price down.
I try to bring plays as early as I can for anyone to quickly DD themselves and decide to buy or not. Never can I tell anyone when they should sell. That is personal and based on their own goals and tolerance. Even I don't know exactly when I'll hit the sell button. It varies sometimes by the week and sometimes by the minute. The plan for the day was to absolutely hold every share. After see over $1200 in profit slowly erode through the day I decided to be happy for now with the one day's effort. : )
GLKCE is still very much in play for me next week on close radar.
Patriots 34 Philly 20
My gf works tomorrow so I might catch everyone sometime tomorrow.
Bo
