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Alias Born 04/17/2013

Re: jar0th post# 4409

Monday, 04/22/2013 4:04:51 PM

Monday, April 22, 2013 4:04:51 PM

Post# of 6094
I followed the rules. Thing gapped down ~50% which I about 95 times out of a 100 means it'll gap up the next day. I probably should have exited at .057, but I saw the volatility and expected a higher exit.

I think this thing may have gotten heavily shorted/naked shorted, but only time will tell. If you look at the history for it, the volume is microscopic compared to the last three days before the halt. All red candle sticks. Could mean nothing, or it could mean a lot of people need to buy to cover, which means I was right for buying it purely for it's technicals.

Anyway, I've moved on. No sense in worrying about something that I have no power over. It's stuck and it'll probably stay stuck for awhile. I might see that part of the fund get butchered or I might see a 10x return after it triggers my exit. I plan to have regenerated more funds by then, anyway.

I'm glad you got out, especially after over-paying by such a large increment. Good luck to you.
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