Replies to post #94480 on Zerify Inc (ZRFY)

[duelittle2]

Do You live in the Land of No Short Term Capital Gains Tax...??!!

[Tarqwa]

I hear you buddy! I've got 88k cash in bank from SFOR plus 3.3M free shares. I started out putting 3900 in. I knew this was real deal back in April. Know what you own.

[johnnieva]

Problem is that with otc stocks you can only reasonably hold a limited position..unless you are long and breaking position apart in pieces. With most unless trading in the .00 and .000 range it's hard to hold millions of shares unless there is serious trading action on stock, without serious trading action, one trader can seriously crash the price of a stock by unloading a large position at the bid because many times won't be enough support to absorb it. If you take time and piece it apart in a way not to disrupt market it works. Others may have varying opinions, but under a nickel , 1000.00 - 20000.00 worth (depending on volume) is generally a safe range..if you are blessed to have a run of luck, I would caution having tens of thousands tied up in a penny stock...we all love the game and risk involved but you always have to be cautious to not have a position so big that you can't reasonably exit on the "bid" if you needed to

[mymonies]

SFOR,well that is what makes this stock so volatile, you got some good conversation out of this post

[marylandstockguy]

"Say you buy 1,000,000 shares at .0006 for 600. The price goes to .0041 where you sell for 4,100 dollars. Then the price crashes back down to .0009 and you buy 4,000 dollars worth of shares back. You now have 4,444,444 shares and you only have 500.00 out of pocket. Then the price goes to .025 and you have 111,111,11 dollars in your account. So you sell, the price crashes down to .01 and you invest 50,000 of the 111,111.00 and buy 5,000,000 shares back. Now you have 61,111.11 dollars in your pocket and 5 million shares to play with."

Notice that in this example given by someone who has been criticizing the stock, everything works almost perfectly according to plan. He does say you won't time everything perfectly, but in this scenario, it's pretty close. What about the other scenarios? You could buy 1 million shares at .0006, sell them at .0041 and it takes off to 1.5 cents, and you never get back in. Or, you get back in at a much higher price, and have fewer shares. Or there's a buyout and the stock goes to 50 cents and you want to jump off a bridge. Finally, you could buy back in, and the stock DOESN'T go back up, but goes bankrupt. You make it look so easy in your example - just getting on and off the stock no problem, always being able to get your original share count back, at least. It just doesn't work that way - as others said too, you get annihilated by capital gains taxes.

OK that's my one post of the day - good luck everyone and have a great weekend.