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Re: None

Wednesday, 09/01/2010 6:46:02 PM

Wednesday, September 01, 2010 6:46:02 PM

Post# of 20669
Although I missed DMG_ run I was lucky to get into this early , took a position in the first 15 minutes after it hit the scan. Sold all of my shares (260 k) between 0.095 -0.1. Could not hold over night for the following reasons:

- naturally correction will take place one day before a long weekend after 3-4000% rise.

- the float is no where near locked, 60 million float and if this gets fliped let say in average 4 times that means only 20 million float is in strong hands. So in order for the float to get locked at least 200 million shares will need to be traded.


Its a good stock and most likely it may have another run in coming week/s. However in the mean time there will be correction after such huge rise coupled with the fact that a long weekend awaits a head of us.
imo