Replies to post #423 on Value Microcaps Pick Six Lotto 06 (PSL6)

[lentinman]

LF: CKGT:

Just remember, it met the $300,000 dollar volume requirement, was over 25 cents and had earnings.

Also, keep in mind that GUY rolled the dice when he froze it just before the close on Monday. If the stock had opened down Tuesday -15% (which hitting the bid would have done), he would NOT have been able to freeze it AND he would have lost a transaction. As it was, it did not trade on Tuesday. That's the best thing that could have happened as it meant the freeze held. But, the odds of it not trading were not good. CKGT has traded 31 of the last 50 days. So he had to bank on either it opening up at the ask vs the bid OR the 38% chance of it not trading. He rolled the dice and hit 7's.

In my case, I have no intention of trading it. It is cheap where it is and I expect it to go higher during the contest even if it drops to the 54 cent bid between now and then. If I want to freeze later, I will freeze based on a higher price and higher volume. We'll see, but I'm quite happy being the ONLY person in the stock.

Len