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Re: sub756 post# 105043

Thursday, 04/07/2011 7:56:40 AM

Thursday, April 07, 2011 7:56:40 AM

Post# of 173021
We might be more similar than different. But you did just admit to flipping, no matter how small or infrequent it is. I can respect taking some off the table and taking some profit. My opinion on trading pinks is to not average down on a pink with a gagged TA, because dilution can easily cause me to throw good money after bad. For every pink that goes back up from a low, there are many that are sitting at .0001 and are stuck at no bid. And even more that have RS. Regardless of what the CEO says about an RS, it's NEVER off the table. I have a big board biotech that just announced an RS despite promising no RS for the last 3 years.

I've taken some off the table here, at a haircut, but believe this will go down more. It's as simple as watching the trading history here now. I could buy back in if this hits .0004 just to get back to even, because I'm sure another PR will pump the share price back to .0007. We'll see. Not sure what I'm doing yet.

But anyone who thinks I short this is insane. A margin account at a $10K minimum to short pinks is insane as are the potential losses. I'd rather play craps in Vegas.