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Re: Protector post# 1190

Wednesday, 04/27/2011 8:45:43 PM

Wednesday, April 27, 2011 8:45:43 PM

Post# of 425931
Everything you say makes perfect sense except when greed takes over. I bought the stock at $7.77 sold the May 10s for 1.25 and would have been very contact with the $3.89 or 50% profit delivering the stock at $10, until I saw the price go over 17. If the share price was at 12 or 13 at expiration I wouldn't feel so bad as it being at 15+. But I am thinking this is going back up after the VCs finish selling their stock to keep them below 10% ownership allowing them to purchase their $1.50 warrants. I am hoping that this retracement will bring the share price back down to something reasonable before the Marine presentation takes place, be content with the profit and just buy more stock.

Thanks for your explanation which is dead on accurate. AND GLTA
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