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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (9684)	1/18/2005 6:51:55 PM
From: The Ox	Read Replies (1) \| Respond to of 13403

OT I did mention market makers but it could be any decent sized trader who has a large enough position in the stock (or is in the process of taking a large position). I agree that the speculation doesn't give us anything useful for trading decisions and it was just speculation on my part. The grey area with SRXA is so substantial that it may not be worth holding a position in the stock before the news is released. The potential for massive dilution is there, a floorless convertible, a move by bondholders to try and force the stock into bankruptcy, and a few other outcomes are all possible. Knowing the above.... I still decided to buy a few shares late in the day when it fell below $2.20. Holding a few shares as a lotto ticket was my decision. It will be fun to watch but we know how many people win the lottery! At this stage I am going to watch and see if it gets a bounce or continues to fall. If the fall continues, I may bail or I may decide to start nibbling on a few more lots around $1.70 or $1.60. I will sleep on this tonight and review the situation more closely before tomorrow's open. I was doing more research on the stock while it was tanking late in the day and I think I let my emotions get the best of me when I was looking at the -25% figure. My gut said buy but my head said I was early and I probably stuck my hand out to catch the proverbial falling knife. I may bail on these shares at any point since I don't have a lot of conviction with this stock. This is normally not my style and I don't know exactly what got into me this afternoon, lol. Never the less, it's not a big position and my timing lately has been very good. It's actually been quite a while since I took a loss on a trade, so it might be that I was just a little too cocky this afternoon. mh