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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (1188)5/12/1998 7:41:00 PM
From: John S. Baker  Read Replies (1) | Respond to of 4783
 
I have described myself as being "mired in a long position" in PKGP. I made a tactical error during a momentum trade and ended up with a small quantity of PKGP at some ridiculous basis. But the number of shares I retained was so low that I would have just about broken even selling it, after deducting the commissions. So I have patiently waited for the company to go bust so that I could write it off. Every once in a while, I check back in here to see if the corpse is still breathing.


Naturally I am interested in anything which will make my PKGP holdings go up far enough that I can sell them <grin>. I guess that makes me a cheerleader <big grin>.


Please note that I am explaining my position and not whining. It was my decision and I blew it. That's trading.