InvestorsHub Logo

dark knight

02/18/10 11:26 PM

#12463 RE: puffadder #12458

Agreed. I don't know that an ask slapping assault at this point will have much affect. Unless you have the ability to bring 300 mil of buying to the table? My guess is it might create a short spike but will likely come right back down without anything to sustain it.

I've been involved in several 10 bagger runs over the years. (TASR, GLCC, IFSL) This one has a similar feeling to me. In those cases the best strategy for me was buy and hold.

Several factors seem to be lining up here. Solid company, good news on the horizon, 504 already done, poss 100-200 mil short depending on whats already been covered.

IMO a smarter strategy would be for everyone involved to try and collect as many shares as possible with the intention of holding them until at least the sample results come out. Then consider the situation again.

More shares can be purchased the lower the price is. 1 million shares can be bought at .0014 or 2 million at .0007. Whoever is shorting will have a hard time covering if nobody is selling. When they drop the price to try and induce fear, thats when you hit the ask. Buy the cheap shares.

I believe time is against the shorters here. We should have no reason to fear the drops. Do not sell into a price drop here. If you are confident in the investment, then buy the cheap ones and hold them. If you've never experienced a 10 bagger, buy at .001 or lower and I believe you will have one within 2 months if you have the patience to wait for it. Just my opinion of course.