Replies to post #46654 on SKY440 Inc (SKYF)

[lars1551]

Not necessarily, and I won't wait that long. OTC can clear a ticker immediately. I've been in enough to know. It really depends on the information received and the underwriter on the case. It could clear in the morning if Bob finally did his job. If not, expect another bleed, and I will again leave.

It's far easier to re-buy into a ticker than exit in a dump. I'd rather sacrifice a little profit, than risk the entire investment. You trade the action...not the ticker....GL

[ttrader707]

I thought that was just for the attorney letter and that was posted already, hopefully fins are fixed as posted today and we can be current tomorrow guess we’ll know very soon

[lars1551]

Here's how I played it. I sold my 4's and watched the sales unfold. I nibbled a tiny position at 4's when it switched to buying and the ask stayed solid. I made a few comments and watched the action.

The tweet came out. I placed a buy at 5's that didn't fill and the 30M ask at 5's immediately went to 6's. That told me that MM's were playing games and that significant players were back in the game. I then placed another order for 6's and saw the same nonsense.

Either the news is legit, and based on my trades it could be...or the biggest players that have been around....including BOB...are trying to dump whatever they can.

It's never a black and white answer. I've traded these things for years....and based on what I just experienced...there may be a few legs left in the gate.

However...I don't invest in these ANYMORE. I trade them. I think it may have legs, but I will cut-tail-and-run, the second I see the legs get chopped off!