many flippers got burned last week and I like that very much. Our resident flipper patiencepays can't hold the stock for more than a week before he flips for a small profit or loss.
You people just don't understand the potential this company has. Even furtcash, his posts as of late, are very down.
I know most of you have been holding this for a long time. Once you hold it for a year, the max capital gain rate you will pay is 5-15%. Ever think about that ? My one year hold will be October 24 for all of my shares. So if I'm a few weeks away from that date why not hold, otherwise I pay 33.9% on any gain because it becomes regular income. You have to calculate the taxes you will pay vs. the loss/gain that could occur by holding through a few rallys.
IMO - I think this stock will rally strong, then consolidate and then slowly move higher with a few more rallys along the way. By January, I see this stock over .20 with good support just like we have support here at .017
.20 will be our new support come 2007.
The other thing somebody mentioned was the financing for the East Texas LOI. I probed IR about this and was assured no reverse split or share dilition would occur with respect to financing this deal. It's all debt-based financing from an investor in BIGN. However, it may be possible the company is giving this investor shares in Tyche in exchange for the financing package. The company still owns 27% of Tyche after they gifted 10% to BIGN shareholders via the stock dividend. This could be the answer to the big question. If they gave this lender 20% of Tyche in exchange for debt-based financing this would be great news for the stock.
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