All that was needed on this one was one share. While disappointing that the share price closed 70% down from where it was, I think this may turn out all right down the road.
And you're right. The less people that know about them, the less bidwacking there will be when it reopens, so that the people that are in it will reap a halfway decent profit.
So to all the people that get in these:
1. Keep your mouth shut. No posting on boards. Tell your friends about it via PM/phone/email if you want.
2. Wait for it to stabilize, and if you're going to sell, at LEAST put it in at the ask or below. Do NOT sell at the bid. The idea is to get as much as possible for your shares, and if we keep the ask up, we'll all make out.
3. An example of a GOOD one was NWMO. Even when it got bidwacked down to $7.50, it recovered and reached $18 a week later.
4. An example of a BAD one is SWNE/MCII. Post split level was $90/share. But it got hammered to death with bid wackers and is now trading at .32 or so. If you do the math that's a 80% drop of the price BEFORE the split, since if you divide .32 by 500 you get a current pre-split price of .0006. A week before the R/S, it was trading at .0040-50. The day before the XDate, people ran it up to .18. This was a 500-1 R/S which actually resulted in a net DECREASE in price/market cap........unfreakingbelievable .............z
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