> This isn't any ole BB stock where we are waitng for a few lousy dollar uptick to move on and get into some other CRAP. WAKE UP. TAKE THE CHANCE. HOLD THE COURSE. Or else you'll be one of those that wake up screaming in the night, as you dream about hitting that SELL button on your computer.
For all of you who are thinking about selling, please look at this link:
quote.yahoo.com
For several months, I had held a small position (10,000 shares) in CYGS at an average of $0.28. The price started to rise at the end of June. I sold my entire position on July 7 at $1 3/8 when the price started coming down and the volume was drying up. Smart move, nice gain, right? Well, maybe, but CYGS closed at $3 9/32 today. Now, the point is not to plug CYGS - especially since I think it is somewhat overbought now - nor is my motive to boast about my profits, which in the overall scheme of things are better than a poke in the eye but will not allow me to retire in the near future. No, the point is that the price movement of CYGS is a graphic illustration of what happens to a stock that is in demand and shares a fundamental similarity to FNTN - low float. The sudden rise attracted the daytraders and volume was very high for a time. Some folks, like myself, took the opportunity to lock in profits and sold all or a portion of their holdings. This left the stock in hands that were not selling, at least not yet., so the small float allowed the overall upward trend to continue even at much lower volumes. Today saw a second round of daytrading, I think, with high volumes again and nearly a 50% increase in price.
Am I kicking myself? Absolutely, but I bought another piece of FNTN this morning at $0.71 with some of the proceeds. Etrade had to split my relatively small order to fill it, even though I had set a limit at the ask. 10,000 shares took more than 10 minutes to execute! There is no doubt in my mind that shares are in short supply. I think we can look forward to more of the same - or better - if the company can execute their business plan in a reasonable amount of time.
Mike |
