Can't sell the VIZS shares yet on Scottrade b/c my account still shows the original amount of 87,000 not the new amount of 8.7.
Can only buy new shares. Once the conversion shows I'll set Ask for as high as their system allows, otherwise the commission exceeds it.
Meanwhile the company will be trying to shore it up with 100-share bid-whacking.
I'm waiting for the low trips too Charlie and everyone else planning to do that, trying to make it up but let's face it, you can offset losses elsewhere but that doesn't change the realized losses here.
It WOULD feel good to make some bucks on KP's new stock but I'm never holding again. She deserves for everyone to treat it like the quick flipping POS stock she turned it into, wouldn't it feel great if we bagholders make money on this and she doesn't.
That might be wishful thinking so meanwhile concentrating on other stocks. We're seeing many in the MMJ sector take big hits, incl. long-timers like HEMP, some hot stox down 50% overnight attacked by shorts and this might be a good time to jump back in. Possibly DEW- but keep your eyes on SPL-, could be in for a big bounce, maybe RFM-, HNS-, RIG-, TFE- which isn't an MMJ play. Neither is GNC- which is in the low trips and historically bounces like clockwork, an ATM machine if you have patience, about to blow IMO.
These companies tend to have management which communicates to shareholders and something interesting afoot... By doing so and at least pretending to care about shareholder value as well as their own some of these have overcome dilution, toxic financing and other negatives endemic to the penny stock world which KP could not b/c she didn't care.
GL all
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