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Drexion2004

03/24/10 11:25 AM

#9 RE: stocktrader2222 #8

I'll probably start selling my slowly warrants once we exceed $3.5-$4 if we are still in the OTCBB at that time (They have stated they plan to Uplist to Nasdaq at some point, but it won't be in next few months).

The warrants at that level means the common is around $12 and the P/E is roughly 7-8 via the treasury-method, which is a decent multiple for a OTCBB stock. Thats my first significant sell point probably. Then maybe i'd let the profits ride beyond that. Another reason i'd start unloading around there is that the higher the warrants go, the less leverage we get from the warrants (I like leverage hehe).

Of course, this all depends on what else I see out there to invest in. If I have no other places to invest that are better, I won't sell...if I find something amazing and need capital, i'd sell earlier...etc...

-Fernando