Shotmaker, I will predict.
Monday is the short term trading TOP. The stock trades in the $.40's and closes in the $.30's, well off the highs. Volume is in the 200-400K neighborhood. Owning a hair under 10% of the float, we wont be selling tomorrow. Well, 2 of the 3 of us wont be selling. I havent talked to #3. In the $.40's, even though its a fast double and I am certain others on this board will be flipping, it would be like leaving a baseball game in an early inning. We dont own 10% of a relatively illequid stock for a fast twenty cent move. We didnt sell any at $.80 cents. I wont be selling at $.45. (We did buy what we could at Disney's $.19 cent buy-in price the last 45 days : )
In the $.80's, posts appeared talking about buying houses with the POWN profits that lay immediately ahead. That proved to be a top. At $.16 cents posts appeared saying some gap at $.04 cents would get filled. And the number of posts dwindled down to 1-3 per day for over a week. That was the bottom.
