dog, sounds like a good play. Don't ever get too attached to hit the sell button- if you can book that much profit ,that to me is a win. Any trade at a profit is a good trade :) I think the volume today was amazing- still putting on huge volume while dropping like a boat anchor. I'm troubled by this violent a swing and the size of the volume- just seems to have more to it than a little ole penny stock making a swing up (just smells to me of an organized pump- who and how? Who the heck knows?). If it were to get down to a penny range again (which I think is very possible) and especially if it took one of those plunge days- where it hit what, like .063, I'd grab some for a potential flip. But this one is making me more and more nervous the more I read and that their cash is so low and they got loans up the ying-yang and all. You know how it works when a company like this goes belly up - there is zero warning. They just announce one day they're in default and it's lights out and the shares go to like .00001 in a blink. Been there, done that one and it hurts. I had one back in the day- man, they had PR going, talking bout all this and that, new contracts, woke up in the AM and it's over. Lights out. Got the shareholder class action letter from some law firm months later and tossed it - there's never anything left to get back. I learned big time on that one. Given the volume today- if you're gonna get out and book a profit, I agree do it sooner than later as right now there's at least some liquidity. Remember, it was only a week ago and the spreads were terrible. You could have bought and literally 2 minutes later couldn't get out a less than a 10% loss as the broker-dealers on these pennies can be brutal on the spread. When this exploded this 3 days on the up and now the down- at least it looks like the spreads got a little more realistic. Shoot- on a listed stock, it's a 1/16 penny spread. You can buy, change your mind 30 seconds later and get out on a fraction of a penny. I've watched BHRT and people put up any size larger than a few shares on the sell and they just sit, watch the bid price lower more- they sit, little more, still sitting, pretty soon the spread is like 10%. Ouch. 40% profit is nothing to sneeze at- I'd take it and be happy. It's in free fall in my opinion. I think it sees 2 cents real quick. Might be back at 1.5 cents or so in under a week. If it repeats today- it will hit about 2 cents by end of tomorrow. Again, the volume today told the real tale. Something's up- I don't think that's just all little guys selling. I think someone is unloading a boat load- meaning an insider, or an institutional (Asher or Gray or similar) doing "financing" for them via cash for shares for sale. Someone today said they saw a million shares up for sale several times on level II. That's about $30K or $40K or so at a pop- I don't think that's Joe penny flipper. Someone is unloading into this strength- my gut feeling. Good luck. I'm waiting- will see what 10-K says, what their cash survival looks like and how low we get, then consider another trade or not. Holding pattern here.
