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Lord DarkHelmet

02/05/10 7:01 PM

#7390 RE: Fossil-Fuel #7385

TSHO was the first Skymark recommendation that I bought. I entered late in the game....September I think. My basis is 56c. Yet, I never had problems purchasing shares, especially considering the low float on the stock. I did buy on the ask most of the time, but given the PR's, I wasn't worried. After I had my position where I wanted it, I always had several limit orders in play in the event the stock took dips. I did get a few mores shares that way.
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antmon4

02/06/10 11:35 AM

#7397 RE: Fossil-Fuel #7385

I bought in the first day of trading after the recommendation. I was down %50 percent the first week and a half I owned it. I called Skymark after the huge drop. They said many of their recommendations will drop by %20-%30 initially. Maybe the long term shareholders at that time being able to get rid of their volume? I definitely did not average down, since I was a little nervous investing money from dd derived from a phone call from someone I have never met. Needless to say, I took my initial investment off the table at .60 a long time ago and have been riding my free shares. I do believe that Skymarks customer base has grown significantly since the summer. I was told it is around 30k individuals at this time. Therefore, there may be more pressure on the next recommendation, especially after the success of TSHO. If I had doubled down on my initial investment when it dropped by %50, I would be looking real good right now. It was tough making the decision to invest the first time, since I knew nothing about Skymark. However, every time I call my representatives number, he answers and spends as much time as needed to answer all my questions. Truly a good group I do believe.