I first got wind of EGMI based on an insider buy by the "Lord S" I traded the stock, and actually bought back in two days before it was halted at .77, not a huge position none the less. I now have 90,000 shares at a .24 cost basis, as I was buying on the red day, lol, as any good trader would do. I have sold a few for a nice profit, but still hold a good position.
When the stock was halted, I spent two days researching everything about this company. A lot of the things that are coming up on this board I have found, and some things are also new to me.
I am not sure where the stock price will go, but I am very confident we will see close to a dollar again very soon, and maybe even more ;-) depends on buyout, which I believe will happen.
I really don't have time to spend a lot of time on the board as I am really busy trading other stocks that are in play, this is a patience stock right now. When things heat up on this I will be here.
I am not trying to convince anybody to buy, sell if you want, I personally don't care who on this board buys or sells, because it will not matter in the whole sceme of things, obviously my portfolio will look a little better if this creeps up slowly during the "patience" phase, but I am taking a risk, then again, isn't any investment in the OTC / Pinks a risk?
Well back to my other research.
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