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My average cost basis is now averaged down to about .0005, but I also made a pretty good profit when I bought a bunch at .0003 and sold at .0009. My big mistake was that I originally bought 100,000 shares at .01, soon after it fell from .08, and I thought I saw an opportunity. So my good cancels out the bad and I am left with around 3 million shares with an average cost basis of .0005.
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so do you see this stock doing a couple of runs to .0009 or so and falling back to these levels before a steady climb to the .001-.009's
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Right now I just don't know. Previously I truly did. Now I wonder how many shares are actually floating around and, indeed, more importantly, whether they will acquire a decent business. I think it is still a good investment at .0004-.001, but it all depends. I think if you look at risk versus reward, this has a pretty good upside potential, but at htis point it is just that, potential. There is no going business right now, it is a holding company who lost its business in January (D&R Crane) so until it acquires something else, I don't expect it to do all that much, except maybe some mini-runs which won't be sustainable without good news released. My plan now is simply to hold, that way if the good news hits I have a bunch, but I got time and tend to be much more patience than the average investor on this site, which is pretty ironic because most of my money is in large cap stocks and my friends in the industry consider me a maverick for even fooling around with pennies.
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I have a little under 55,000,000 shares of this company i bought at .0003 a share ive played this stock with 16,000,000 ffrom .0003- .0007 then let it go and re invested down here at .0003 . I Agree with original cashmaker about the company it has potential and alot of it , it just depends how long you can wait this stock i think will have a few mini runs but when we get some solid news and more volume then 50,000 like today lol this stock will move and move it will do but thats a big when no one knows it could be tommorow or in 2 months but when in comes atleast ill be ready .. good luck
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Thanks for the info. I am going to try and play the mini runs and buy more when it comes down, try to build up shares. 55 mil. shares? Looks like you are sitting good if this has news and a nice climb.
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whats your point glassman .. Thats all old news the company had problems in the past but now has nothing to do with what was in the past read up on company info and you will see the company is still worth looking at
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I told you guys it would hit .0002 for a low and bounce right back up to the .0003 for that my inside mm guy was right i guess. Well anywayz he said that there is some talk going about that there will be news comming out on this stock within the next 2 weeks and its suppose to be big news good news at that i dont have much more for details yet but i will be sure to get you some more as soon as i here back from the mm insider do your own dd on this company dont just listen to what i have to say but the guy im using as been right the whole time just look at my pasts posts so im just giving you guys the info befour everyone else heres about it and the stock takes off but like i said do you own dd .
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Keep an eye on this stock for the rest of the week up 100% today and ask is at .0005 something is going on just keep an eye on it could be a big player
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Yeah bid at .0005, and ask at .0006. Maybe the mm's aren't short anymore. I'm still holding and watching but still no direction as far as business plan. Still .0002 to .0005 is not a bad sign.
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This has been DEAD for a while, I have accumulated alittle more just to average down my total cost, but I would really like to see something in terms of an update. Perhaps investors should start asking for the stock certificates form their brokers like UNQT has recommended--there is absolutely no doubt in my mind that this has been victim of naked shorting.
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lol saying it has been dead is being too kind
I am at such a loss now that selling what I have left would be no different then taking a reverse split 1000-1 so I am just going to let this one sit around a while.
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