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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (8866)8/15/1998 12:59:00 AM
From: Jetter  Read Replies (1) | Respond to of 11684
 
Since you asked, sure...

I started buying at the .17 range and continued buying through .49 on the way up...

Tried selling a third at 1.25 with a limit order, no dice... THe MM's would not touch it. Sold a good share on the way down from 1.05 through .55 and now hold all the rest of my shares with a basis of $0.00... In addition to the shares, I recorded a small profit also...

ITs similar to your first true love, only its money, MTEI was good to me so here I am... Still holding shares that really cost me nothing. Do I care? Yes... A lot? No... Wish I would have sold out all of my shares at .75 but that's life...

I did learn a lesson about how the market makers work...From the school of hard knocks, I honestly don't think any of them were interested in buys stock from shareholders sales until this stock was well below $1.00... Hence my theory on selling naked short shares in a major runup and only now covering those sales... Thats why i asked that question again... I am interested in an answer...

~Scott