posted
Ok, here's the deal, at least what i know of it.
Closed at .02 on the 24th. Did a 1:10 reverse split overnight, and so should have opened at .20. Probably due to broker error, a lot of shares were sold at the pre-split price. I actually put in an order for 250,000 shares, because the float is only like 850,000 after the split. I got filled for 40,000 at .03 and .04 (shoulda left the order in for the next day, as I would have probably gotten filled all the way). I actually just sold 20,000 shares today at .30 and .25, and have 20,000 more in case the squeeze brings it even higher.
it's a low float, and prety illiquid, so I wouldn't recommend getting in at this point, but there is some potential for a legitimate short squeeze if there was indeed a broker error. Keep in mind that I already made $4,000 and am riding 20,000 free shares, so it's a lot easier for me to accept the risk going forward than anyone who is thinking about getting in now.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Haha. I just looked up some info and they are about 5 minutes from where I used to work. I passed their building every day on the way to and from work. Maybe I'll stop over there and ask why their market cap is only $200,000...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Up 380% today. I hope that someone posted a profit from this.
-------------------- Ignorance is not knowing the truth, stupidity is letting someone else tell you what it is. Posts: 8 | From: North Carolina | Registered: Jun 2006
| IP: Logged |
posted
LOL. Hey its tough times out here you have to get what you can.
-------------------- Ignorance is not knowing the truth, stupidity is letting someone else tell you what it is. Posts: 8 | From: North Carolina | Registered: Jun 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
