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Re: Garyst post# 112087

Thursday, 09/20/2012 10:44:19 PM

Thursday, September 20, 2012 10:44:19 PM

Post# of 232507
Garyst, my only concern with the advice is that there are in fact equally good reasons (IMO much more compelling) to "sell into stupid" when it re opens. Although what happens to any given suspended pinkie that reopens on the greys in the days or weeks following a suspension lift may very, and they do greatly, the overall trend over the longer term is pretty consistent. In the last 10 years there is only one real example of a suspended pink reviving itself from the greys. Patience or hesitation can thus also be a bad thing. And the history of almost any suspended pink bears that out. Also trying to time a trade on the greys is very risky. Movement is completely unpredictable.

While hope and patience are very admirable, the reality of this situation needs to be understood by any investor. There is no place for emotion. But I will not argue with someone who understands the statistics and feels that in this case, this stock will be different.

But go to any board of any of the suspended stocks in this batch and you will see exactly the same feelings and beliefs about those stocks.