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Re: vanwes1 post# 32513

Sunday, 08/04/2013 10:30:15 AM

Sunday, August 04, 2013 10:30:15 AM

Post# of 232826
This is vanwes's bottom line (excerpted):

Sell all your shares on Monday or tuesday before the CC.

Then if the CC is good you have fresh powder for Wednesday morning.

If the CC is bad then you are out with your profit and have fresh powder to buy at the bottom.

It seems to me to be the best way to play this based off of past CC.



Questions:

1. Why would one sell ALL YOUR SHARES? This is quite risky, especially if the forward looking guidance is regarded as quite positive.

2. Why would you want fresh powder for Wednesday morning if the CC is regarded as favorable? You would simply be chasing upwards to try to get back what you already had.

3. Most pigs have already taken their profits on the first run up and got back in at 14 or so.

IMHO, we have had a major reversal in the trend, mainly due to being out of debt. The CFO has invested 100 grand of his own money due to his instincts that the company is going to make it big. This is a pivotal factor which changes the scenario. He knows it is a matter of time before a major contract comes across the wires. I think he wanted to be positioned to take advantage of it.

This is my position. SIT SQUAT and WAIT.

Sure day trade a little on the side, but NEVER SELL ALL Y OUR SHARES which is what VANWES suggests. THIS IS A HOG ACTION, Not a pig action.

But then, what do I know? I have been slaughtered for 10 years to the downside.

TRUST but VERIFY all LQMT Management actions.
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