Starfleet Innotech Inc (SFIO)

[Smilin_B]

I confess in selling my shares on the way up from .006's to .023 (after having been at a loss when it gapped down Friday morning)

When it ran to .03 (even though I profited emmensly on the bounce shares), I felt like I may have made the wrong move.

Then I pulled a simple 10 day chart:

http://www.bigcharts.com/quickchart/quickchart.asp?symb=sfio&insttype=&freq=7&show=&time=18

I stepped back a bit and said "this fell to .0041 then ran ALLLLLLLL THE WAY back to .03?" - in a couple of sessions.

Most all longs, could have exited at a break even (if they didnt initially sell, or at a nice GAIN, if they took liberties in averaging DOWN on the collapse to sub .006)

In hindsight, I made the right move

Now today, I go to the www.otcmarkets.com site to check the latest, and see that the company has gone CAVEAT EMPTOR

http://www.otcmarkets.com/stock/SFIO/quote

So a retracement was in order after such a stellar bounce of 250+% no?

SFIO was trading at a mere .003 a month or so ago and ran to the .06's then found support at the .03 area with resistance at .04

News of fraud hits, and the stock gets clobbered into OVERSOLD territory.

Many longs panic sold and took their losses.

Others averaged down and really NEEDED to see .025 - .035 to be at break even. Of course each person had their own "break even" level.

But to think it'd be "business as usual" within a 2-3 day period of time, with the shareprice back at .04 - in hindsight, is a tad much.

I hope many did well here. In this type of market, you have to love em and leave em fast.

Good tidings!