You know Boob since I started do the shell search and what not I have found some great stocks that are going to turn into very good investments.
After losing most of my money to the sophisticated way of the norm and the lying what nots of emails and the internet you know this was where I went looking for potential companies. Some have worked out some have not. But the bottomline is if you BTSed them them cannot hurt you and all you lose is the profit. Here is a list of my most notable shells ....
July 1997 ... EUTO (.005 -.27 avg .08) = being my first was or so we thought going to be a gold mine and was convinced that the company was telling us the truth. We chased the infamous short trap. Me I am guilty of falling for it too. NEVER again. There is only 2 ways to catch a short IF and I say IF one exists and that is enough buying so the short position causes a major effect to the shorts capitalization or EVERYONE call for certificates. Calling for certs is not even an opinon. Present floats around .03 and after all the stock surrendering it only has 15M less than it started with ... GRRRRRR
Sept 1997 ... MIDL = (.28 -1.06 avg .75) = This one is going to be a solid find, my personal favorite. First with an international bearing compnay reverse merging in then in Jan reverse merged ArconEnergy with a product (DF-144). Has not defined itself but working towards that goal.
Oct. 1997 ... MDCE (.125 - .375 avg .20) Roller now. Well it looked great and spent a ton of money calling updating and so forth and again was not truthful with information. I still believe in this company but there is a lot of information that has yet to come to light that the company has promised would. On the side lines.
Oct . 1997 ... AVBC (.03 - .60 avg .30) This is defining and only awaiting a distribution agreement. Going to be a great investment.
Nov. 1997 ... CNHH (.375 - 2.50 avg $1.00) THis one has reverse mergers working and it has not completed anything yet. But has negotiations going well for it. 480K float :-)
Nov. 1997 ... IKAR ( 1.50 - 3.00 avg 1.50) this one has a rich mine small float tightly held but waitng for a buyout or beginning mining operations. Fell back to .875 so you can imagine the flack on this one and yes I got irrated too. However I bought at the bottom and ready to see if they can define themselves.
In the process of all these I had those that did not work out to well BANY, LBGF, JAXI, DREV, CVIA, ARET, etc etc etc
Others DGIV, RPII, and others I did not believe in my logic and DD.
This year I have gone more and more deliberate as I have some experience in DD and the SEC rules. SURG, VTPI, BLHG, LAJD, and the most recent MEGH (NO ONE can figure this out.) I watch closely wait for the accumulation and in get in. I BTS and wait for the reason why.
I WARN EVERYONE TO DO THE DD AND IF YOU DO NOT HAVE SOLID REASON OR DD DON"T GET IN A SHELL!!! AND DO NOT FOLLOW ANYONE INTO ONE. NO ONE CAN GUESS OR FORESEE THE FUTURE OR THE MARKET!!!
One thing about a shell though is it typically will at least quad before day traders rip it apart. Generally you can figure about 3 - 6 month and the defining will begin and within 6 months they will be defined.
I would be interested in the DD and would be happy to use to do some dd myself if you wish. HOWEVER if you have or get some of the people you are close with that did what they did to GLCP I will pass.
GNNX did well and is doing somewhat OK is because you got investors in them ... Day traders kill any stock.
GB
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