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Thursday, August 23, 2012 2:44:07 PM
Got .0002 and sold for .0003 to try and re-coupe some of my money and then stopped. Glad I stopped. Bought some .0002 and kept them.
This appears to be nearing a true bottom. I am going to re-evaluate next week and consider, Bottom ???????
Then I may buy a little more. Reverse splits (R/S) are tricky. Usually all R/S go way down afterwards. People that want their money working for them and are frustrated, they dump at a loss, very typical.
If on the other hand you believe in the turtle and hare analogy, believe that management is stellar (what penny stocks have so many scientists involved), think the patents have merit ( new joint project with a good firm), believe that this is a start-up in an emerging industry(Solar)
In this economic environment, they are fortunate to still be here, very tough to get financing in this weather.
Then - the greatest gains can be made after finding close to a true bottom, right after a reverse split. Could take a couple of weeks maybe even a month. I myself, though dis-appointed with how much I have invested and tied up here, will re-evaluate this weekend and probably pick what I think is close to a true bottom and buy some more next week or the following week.
No bread and butter money belongs here, only gains from others, or money you might need for a couple of years if necessary.
Just my opinions based on the school of hard knocks in pennyland
Wish you well in you plans
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