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NLST - Hurricane Stocks postition now into Sep/Oct
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[QUOTE]Originally posted by Munchkin Man: [QB] Greetings To All: The Munchkin Man would like to describe and share his personal experiences with NLST during last week, which was the week of Monday, July 31, 2004, 2006. Upon hearing of the imminent threat of a possible hurricane named Chris, the Munchkin Man bought some shares of NLST at $0.465 a share. The Munchkin Man thoroughly enjoyed it watching it soar above the $0.60 share price mark. Then overnight, the once dreaded hurricane dissipated into a very weak tropical storm, to winds at less than 40 mph. The next morning, the Munchkin Man tried to sell this stock as fast as he could. The Munchkin Man finally managed to sell it at $0.485 a share, as it was falling like a rock. This was a tiny profit. Too tiny to make it worthwhile after commissions. At least, the Munchkin Man didn't take a loss. A lot of people seem to be playing these hurricane stocks with the hope of enjoying a rerun of last year. The Munchkin Man hates to say it, but the Munchkin Man is getting a sinking feeling that this may not happen. The course of a hurricane can change overnight and during the weekend. Unfortunately, the stock market does not run on the same schedule. The year of 2005 was great for these penny hurricane stocks. Will 2006 rise to such a level? Maybe. Maybe not. In either event, it does seem to be extremely risky to invest your money in whichever way the wind decides to blow. As much as the Munchkin Man hates to admit it, the Purl Gurl has a point. Best Wishes, Munchkin Man [/QB][/QUOTE]
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