InvestorsHub Logo

pisavsopbp622

05/19/10 7:20 PM

#561 RE: new to you #560

The ship sailed from .01 virtually straight up to .21 for a gain of 2100%

I'd say where we are right now is extremely impressive. Don't insult the stock by asking when will the ship turn around because you bought in at the high. With that being said I think you should consider averaging down as these levels are likely not going to last more than a week or so.

Sorry I'm not retro but just though I'd throw my 2 cents in GLTY :-)

Pisa

retroman

05/20/10 7:06 AM

#564 RE: new to you #560

First, thanks for seeking me out but I'm not sure I can offer you much. SRWY has moved from around the .01 range to .22 and has since consolidated a little bit. I bought in primarily because of Ken, who I have a great deal of respect for. Every pick he has given me so far has had a tremendous run and I only wish he would have alerted me on SRWY at .01.

I love that this is a low floater with no dilution. Any dilution that falls into play will have to be done on a restrictive basis in which the shares must be held for a period of 1 year before they can sell. That provides me with comfort on 2 levels. 1) NO DILUTION and 2) They will do whatever they can to get SRWY to move north over the next year, so when they do cash out it will be nothing but BIG profits. I especially like the idea of paying in options. .50 is a nice return from even .22 and .16 will not matter if and when they hit those targets.

Look at the RSI... It has fallen from overbought to 61 and can indeed UT from here. I think more likely would be SRWY continues to consolidate today and the chart resets. I'm personally looking for .15, which would test the support that was created on 5/8. It will also cause the MACD to zero out and hopefully bounce from there like it did on or around 5/12.

Good Luck to you...
Retro