Turns out not all of my order was filled either. It now has been fully filled and confirmed. The latest retrenchment got the remainder of the shares.
I almost found myself in a short position, unintentionally. As it rose to 14.25, I had a sell at 15. Had it reached 15 prior to this last retrenchment I would have sold shares that I didn't own.
Robin - I hope you caught Shawn's words of advice concerning taking profits and penny stocks. The gains in penny stocks can be phenomenal but as you must be aware now, you could have bought in today at .32 and have .18 value for close to a 50% loss. This type of volatility is not where YOU should be. You have too little and could get burned real fast. Keep to Shawn's surest picks and make some cash profits. When you make enough money such that you do not have to worry about your educational expenses, then play the penny gambles. If this thread is as good as people beleive it is, it will survive for quite awhile and there will be more than enough opportunities to gamble.
To the Penny stockers - Please do not encourage the novices or those with limited assets to participate. Even though the rewards are very high, the risk of totally annihilation does exist. Encoraging them is like taking the rent money to the race track on a sure bet. For those of you that remember your horse race history, there was an unbeatable mare that raced against her male counterpart in a 2 horse race. She was a sure winner and out in front until she stumbled and is now buried in the infield of that racetrack. How would you feel if you encouraged someone to use their rent or food money to bet on that sure thing.
TO ALL - Shawn reported a 530% return last year therefore there is no reason to get greedy. Get Shawn to give more Buy/Sell points for quick profits and maybe you can do 1/3 as well. That would only triple your moeny each year. Patience and self restraint in this manner would run a $20K portfolio to $0.5 million in 4 years (20K to 60K yr 1, 45K to 135K yr 2, and 100K to 220K yr3, ~ 500K yr4). I took the liberty of deducting 40% in capital gains taxes each year for those of you who think my math is off.
SHAWN - Honest Challenge for you or your stock broker friends. I will gladly turn my portfolio over to a certified, bonded and/or insured MM who will guarantee me 60% net return each year on my investment. They can keep any additional funds they make for me above that amount (after taxes are taken out) as a MM bonus. The size of the portfolio is well into 6 figures and a worthwhile endeavor. As I have stated before, the funds in "the picks" are only a small part of the overall portfolio which is earmarked for high risk plays.
SHAWN - I also posted that the GMH price would not go beyond the mid 60s per a conversation with a broker friend. I also know you made comments as to GMH being close to what you beleived was its top. I don't beleive you, I, or my broker factored in a bidding war with a 3rd party. So all bets are off and neither of us should be chastised. You were right in your takeover post and recommendation but this supposed bidding war could put a different slant on this stock.
They would only have to do it for 3 years and I would be set for life. This way I could concentrate on spending money and not making money. MM=money manager here. |
