Calypso Wireless (fka CLYW)

[LG]

T2R: As I recall Dave8 made a technical analysis post on 6/23 where he said CLYW would be up 20-30% in four to five days and that he wouldn't be buying because he was "already in".

"Use the ma's to time your buy if your not in already, get the best price you can, while you can, and buy heavy.
I say heavy because I'm not anticipating more than a 20-30% move so if you want anything of substance you have to belly up...

...I'll be honest with you all, I'm NOT buying............but thats only because I'm already in."

http://www.investorshub.com/boards/read_msg.asp?message_id=6763346

I find it more than a little disingenuous for him to post after the fact that he bought in at lower prices.

I've been a technical analysis based individual investor/trader for about two decades now and I would not consider trading CLYW. There are just two many liquid listed volatile equities to trade. To defer them in favor of trading a risky OTC:BB stock, just doesn't make sense for a professional trader. CLYW is just too thinly traded and knowing the extra leeway the SEC provides market makers making a market in OTC:BB stocks is reason enough to avoid trading most of them especially the thinly traded ones, IMO.

Of course, investing in this stock would make more sense, if you were/are convinced it is going to take off in the not to distant future. Unfortunately I've stumble across threads like this on occasion and haven taken the time to read through the last few days posts on this thread. There is no way I would risk money in CLYW.

If you are going to invest in this stock, be sure to set a STOP LOSS and use it.

Regards,
LG