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Re: Jimmy Joe post# 26792

Monday, 01/02/2006 10:19:09 AM

Monday, January 02, 2006 10:19:09 AM

Post# of 64738
My initial goal was 50K shares before the run up.
When the news hit last week I sold some like I always do, planning to buy them back after the news wore off. That left me with 30K shares. We all think there is going to be a time when it doesn't drop back. I don't think this is it yet, but decided I can't hold 50 and trade 20 anymore so I bought them back plus more. Right now, I have 66K. If we get a drop into the 80 cent range which I still expect I will buy more so I can trade. I may hold 75 and trade the 25 or I may go to 100 and trade 25 of that. This is a fortune to me, so I have to keep trading to get my basis down. This is a highly speculative stock and I can't justify having more than 10 percent of my holding in it. Right now it is more like 25 percent. I know half a dozen people who could be sitting around the house right now but are back working every day because the chased some pipe dream like Enron or Global Crossing. I call them the quarter million club because that is the minimum amount you have to lose to become a member. I don't want to join that club.

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