davidsan replied - "It's a reasonable strategy ... it's a strategy that can accumulate very nicely. I just don't want to let this one get away from me. The potential is pretty significant here, huge in fact."
I agree. I have let plenty slip through my fingers over the decades and SHMP is one I intend to play through. I made large gains this week and I bought back at $.0102 - $.0105 range.
But Friday's intraday activity above showed strong support at $.011 level - Mind you, this strong steady activity on a Friday afternoon (when DOW took historic tumble for the week and traders usually close out trades on Friday afternoon pushing share price down towards market close), better supports rebound activity shown on 2 month chart below.
If you look at the activity since the last run, SHMP is poised for another run with rebound just below $.01 (and strong support above $.011 shown on Friday) with potential for multi-bag gains.
davidsan also posted - "It's true that some have noted that Cargil is potentially interested, and frankly, that seemed pretty darned persuasive at the time; others have pointed quite convincingly in fact, that Perot might be the big boy interested in this. I do note that the guy from F&T Water Solutions said to someone here on this board in an email that big companies from around the world were inquiring and expressing interest in little old SHMP and what they were doing. One of the reasons the confirmed and soon to be issued patent is so significant. Something big is coming. Will it be organic growth, inhouse, maybe adding licensees around the word, maybe some kind of partnership, or yes, as seems increasingly and persuasively commented on here, maybe a total buyout of SHMP all together. I for one do not want to trade out for a "pop" only to be left behind. Something big is on the way, and I continue to build a large position here at these low prices for as long as they last. GLTY"
I also agree that different people in food distribution industry must be looking at SHMP's current harvest with NO mortality. This could be the future of seafood supplychain, not just for shrimp. If the harvest quality is good, then we'll be looking at supplying restaurants at higher prices instead of wholesale to markets, which will further improve SHMP's bottom line.
I look forward to next week and January but since I am a swing trader, I will be taking profit when my targets are reached but I can assure you that I will be buying back on rebound.
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