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prado

02/10/10 10:41 AM

#2266 RE: RomeZ #2265

With shells specifically no. That's to say that I don't buy a bunch of shells and leave them sitting in my account waiting for a reverse merger to happen. I know guys who do that, but it's just not for me. Normally the shells are so low volume that if you buy in, you will have a hard time getting out with a profit unless a "good" merger comes along, which doesn't happen as often as you would think IMO. A lot of times people will also buy a shell and then start pumping it based on a low O/S, or being "clean".......not for me either.

I don't by into the hype either because it can literally wipe you out. That happened with OPLO the other day. A lot of people bought the shell early on merger news. Later they found out that they were going the have a reverse split of 1/250. Well wouldn't you know it, those who got in early started pumping OPLO on the message boards. Unsuspecting traders bought the hype and in the morning OPLO skyrocketed. While it was going up, guess what the pumpers where doing? That's right, they were selling trying to get out. Later that same day, OPLO crashed and burned. The next day OPLO had a symbol change and the reverse split. I'm sure that many people got burned on that one and lost some decent $$$. Typical for Ihub though.

Once in awhile I find one and I'll sit on the bid for weeks at a time trying to collect as many shares as possible. The only reason I do this is that I can get quite a few shares for less that $50 sometimes. That's pretty rare, but I do it because I feel like $50 is worth the risk.

As far as reverse mergers are concerned, yes. I've been very successful with them. I like to wait until everything looks good before I jump in though......make sure everything is on the up and up so to speak. I buy the facts. Good ones don't happen that often, but they do happen and they can be explosive. Those are the ones I want to be in. The trick is getting good information early enough that you can get in on the ground floor.

You need to check out Rainmaker's ihub board. There you will find honest picks that are backed up with facts. Rain is definitely one of my favorite posters and he tells it like it is. You can go to his board and not deal with all of the POS stocks out there that people are pumping. Excellent board if not the best IMO.

Here's a link: http://investorshub.advfn.com/boards/board.aspx?board_id=11575

Also FWIW, I'm very big on TDGI right now. Not pumping here, but I believe that it has a very good chance of success....and now is probably the best time to get in IMO. Check it out.

http://investorshub.advfn.com/boards/board.aspx?board_id=5223

GLTY RomeZ. I hope I answered your question. Just keep in mind that this is my opinion and how I like to trade. It's not the only way by any means, but I personally have had a lot of success this way.