Replies to post #5200 on Safeguard Security Holding (fka SSHSQ)

[hardlesson]

Got me some too.

Not sure why, lol.

just kidding, but I am looking for a "trade" here also.

Sometimes an old mule will surprise you and KICK.

Thanks for all the work SB, and for the update.

Good fortune to you.

hl

[liable]

I think this will turn out exactly like the Gelmon's other company, BNYN. They did a 1:00 R/S earlier this year and took only 2 weeks to regain a solid footing in the trips.
It's less like a lotto than throwing your money away IMO. This is going much, much lower.
Can anything happen? Of course, but when you see this much volume at no bid, it shows how relentless the sellers are. I would guess that adopting an abused pitbull from an animal shelter would be a safer bet. That's just my opinion though, I wish you well with your strategy.

[Smilin_B]

Loaded a TON of stock when this was ZERO bid x .0001 back in July and have been trading other securities while waiting.

Looking forward to a quadruple from current levels, or much MUCH higher in the event NIR group decides to not convert debt to equity, and/or Michael & Corey Gelmon resign from the Safeguard helm.

From what i understand and have been told by Michael Gelmon, he and his brother have NOT sold a single share of SSHS.

Im not certain how many shares they hold, or if they plan on selling them PRIOR to their departure, but either way - either news scenario will send this one +500 - 1000% in a few days time.

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Smilin_B Share Wednesday, July 21, 2010 1:38:27 PM
Re: Smilin_B post# 3933 Post # of 5402

Loaded a nice amount of SSHS today at .0001 off of NIR group.

Will a reverse split happen before a double or triple comes from this purchase?

Perhaps

Is this a lotto play from current levels?

Definitely

Why has NIR group continually sold down the shares to a zero bid?

I cant speak for their actions. I just know that i enjoy buying stocks near zero when no one else will.

This is a TRADER'S market. Anyone buying and holding on for dear life, as the rules change all around you - is not going to be in the game for too long.

I have no new news or information to share with the forum. Nothing is swaying me to buy or sell this stock, other than the fact that it has a decent shot in appreciating, if NIR group slows down on the selling and more decent news hits while they arent looking

Learn to ADAPT to the changes in market conditions and especially learn to ADAPT and maneuver around events that can have both deleterious and positive effects on the price per share of whatever you trade