posted
I've been adding GLLK along the way.. you may want to check it out..
they are supposed to buy some mortgage title company and news due out with details next week.. yes, granted it's getting lofty..but I'd sure like to have a big multi-bagger like QBID, back in the day... sold some QBID for nearly 2½¢...though I left a bunch on table by selling waaaay too early... here's gander at chart, if interested..
quote:Originally posted by CashCowDave: I've been adding GLLK along the way.. you may want to check it out..
they are supposed to buy some mortgage title company and news due out with details next week.. yes, granted it's getting lofty..but I'd sure like to have a big multi-bagger like QBID, back in the day... sold some QBID for nearly 2½¢...though I left a bunch on table by selling waaaay too early... here's gander at chart, if interested..
posted
I got out yesterday before it hit bottom, but boy did it nosedive after the split. I was in a profit until that hit, then tankville. At least I didn't take a total loss. It now has a new stock symbol - GLCP.
-------------------- Be kind, just learning!
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quote:Originally posted by jrtfan: I got out yesterday before it hit bottom, but boy did it nosedive after the split. I was in a profit until that hit, then tankville. At least I didn't take a total loss. It now has a new stock symbol - GLCP.
good you got out. others weren't so lucky. this will be sub penny before you know it.
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posted
It good that people are opening their eyes to recognize that a R/S means scam and it's time to get out immediately. Some was in denial up until it hit .0001 and some of those actually bought more at .0002 thinking it was just a hoax. The real hoax was those PR's release by the company when they knew they were planning a R/S.
I set myself a new rule: Never buy a stock that has more than 1 R/S. Two R/S or more shows a pattern that that company is most likely making money only by diluting. It doesn't matter what the split size is, the pps will tumble into the mud. I look at it like this, there is only one reason to do a R/S and that's to be able to dilute again.
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posted
Very good advice. These things are risky enough without adding a R/S history to it. Hope at least most got out somewhat intact. It hurts to take a loss, but I'm sleeping better knowing that I'm out and didn't ride it all the way down.
-------------------- Be kind, just learning!
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posted
Hey, TopRob, you got a good strategy. You can improve it by avoiding any stock with O/S over 400 M shares. This has helped me greatly. Good luck.
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