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Microcap & Penny Stocks : OTC: Pink Sheet Stock Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: WR61499 who wrote (3644)	9/28/2006 8:49:06 PM
From: Buckey	Respond to of 5455

MY strategy on AWYB is simple. Its a story of 3 stocks that all had reverse splits and in all3 cases shares were sold that were not supposed to be. GLKCE and PAIV I nailed right at the bottom when the mistaken sells occured. IN each case I threw about $1k at them, GLKCE I made almost $40,000 on my selling alomgh the way as it went well past 100 bags onto 200 bags. (feb 04 thru July 04). I get a 9.5 out of 10 for this one. PAIV comes along about a year later and again It flies but stall at ten bags and I eventually get bored and bail out for an $8 gain and wathed in horror as it did 25 bags from there for a top of 250 bags. I left $200 k plus on that bone. Ya see I never dreamed it could happen again so I sold. Along comes AWYB which I had on the radar as I have been keeping an eye on all split screwups and low and behold it does it R/S to a few million shres O/S and a new price should be .50 - Again like GLKCE and PAIV someone is selling presplit shares post split by mistake but I miss the bottom of .0012-.0018 - I am so confident in the mistake I am willing to buy at .005 ask even though last trades were .0014 . I buy 100k there and add another 50k at .008 for a total $900 gamble. yeah its up to .20 today which is 30 bags or $30k. I am letting her ride because it is still down 60% from split price and I still beleive the mistaken shorts sells may still need to be fixed, Id rather hold and sell lower Knowing 99% the run is over than sell here in uncertainty and wath another horror show to a buck or more. And teh funny thing is I am not trading tomorrow