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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: JamesB who wrote (7682)6/28/2000 8:31:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 11130
 
I was just going to post the same kind of info. Thought perhaps Chris misunderstood the whole play.

I bought 100 share lots in 7 accounts. Cost is about 100 bucks for 700 shares that are now worth 2100. (Does that make it an overnight 20 bagger or a 21 bagger? I never really under stood the math)

I did not sell anything today though. Want to be a little more certain that I really still have 100 shares and not 0.02 shares (or the cash equivalent). It is in the filing that I should have 100, but the prospect of selling them for 3 and being forced to buy them back at 9 (or 40 at one point) wasn't very appealing.

As long as it doesn't go to .27 bid I'll be alright.