Replies to post #170537 on Verus International Inc (VRUS)

[RiskyBoy1989]

That’s a good start right there.. I’m doing 20% flips right now or 30% if possible

I recovered a small amount but it’s still a recovery

[NoMoDo]

I am guessing you don't want to hear from me, but if you watch the charts you can tell when to flip.

According to the deal, WL is asked to buy shares from VRUS. He is given 3 days to "short" the stock as much as he can (ie. yesterday's transactions). He wants a "low" price recorded to get more shares, but then he wants the price to rise so he can sell at a profit.

Before he is even given the certificates he covers much of his shorts to raise the price. Then he sells the certificates once he gets them and the process repeats.

In normal stocks, you buy when the price drops below Bollinger bands for no apparent reason. Here, someone is pushing the price down on purpose, but doesn't want to kill the stock (golden goose theory). The strategey is to buy below the BB. The price should rise the next day or two. When you see large volume sells, it is a sign to get back out. I am thinking this will work until .0005ish or an announcement of a RS.

I personally have not owned a share of this since before XDSL did that RS. Still, there will be an opportunity to get some of your money back with the flips. That is, until the company announces a RS - think of that as musical chairs and all of a sudden the music stops.