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Re: was GoldenDD post# 4304

Wednesday, 03/16/2011 2:14:24 PM

Wednesday, March 16, 2011 2:14:24 PM

Post# of 41311
It was a predictable gap up UNTIL there were 4M sold afterhours at .0404. At the point you were SCREWED, until news came out this morning and saved your @ss and gave you an extra 5 minutes to sell instead of gapping down to .037 like it would have done without the news.

The same thing happened to me. I bought yesterday EOD as a quick-reaction daytrade. I was simply buying the strong intraday chart and HOD close. But then overnight, as I read the board, a nightmare unfolded:

-4M afterhours sell at .0404
-VFIN sitting on the ask at .037
-at that point all the pumpers just went dead/silent and bashers showed up
-found out 3/15 news was the exact same news as last year nearly word for word
-no indications of how much funding will actually go to the company.
-not really a "partnership" with ATT/Verizon, just an association
-company has no revs
-assets<liabilities
-2 employees
-a promoter was paid to do a pump, the same way the promoters have been paid to do all the P&Ds of this stock in the past
-already a resistance on the chart at .06 even WITHOUT all the above.
-looked at prior runs and saw how this drops like a lead balloon

I wasn't able to sleep a solid hour last night...

I knew I was going to be selling at open no matter what. Luckily it was at .058 into today's news. By the good graces I was saved and actually turned a modest profit...

I am not an Investment Advisor and I cannot be held liable for your investment decisions. Everything I write is to be considered "in my opinion".