MHHC Enterprises Inc (MHHC)

[dmlabuda]

Those checks and balances you mention in your earlier post are actually just a way for long position holders to take money out of the market and still keep or even add to there position. Let's say to bought 2 million shares yesterday at bottom basement prices before the mid day rally. Today the new goes public and as a savvy trader you know that the rule is you always sell the news. So you sell off 1/2 of your position at say $0.0032 and wait. In a little while you see an opportunity to buy those shares back at $0.0017 making a cool $0.0015 points on a million hares which could could pot to buy more shares with and you still have the original shares you bought yesterday. It's risky (that's why you only play with 1/2 your position. But, if you are a technical trader and have assess to intraday real-time charts, it's a very nice move indeed.

Not sure what ORRVs first salvage operation will be. The news today made it sound like the 5 ship cluster may be in a different location. They are still negotiating with the Philippines so that salvage operation won't start until negotiations are complete. That could conceivably begin before the operation in today's news. It's important to remember that they have more than one ship and they have partners in the salvage operation so they can do more than one thing at a time.

I like this trade because for the first time n a long dry spell this company has the potential to recover a huge amount of cargo over a 5 year period and it should provide solid earnings over that period and the stock price has the potential to steadily rally over the next 5-years or more depending on future discoveries. It's an accumulate and hold situation will you can trade along the way with 1/2 your shares and have a significant number of shares accumulated at the highest price points along the way. I love this trade!