Exit Strategy?...not really . I am in at an averag
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Posted On: 03/29/2017 10:57:14 AM
Exit Strategy?...not really . I am in at an average of .015..being that I MISSED the initial run up in the stock and caught this on the way DOWN , I think . 015 base camp is a pretty decent spot to be in... anyone else trying to develop a 5 million share position over the past many weeks would have had an incredibly hard time getting it done...
I mentioned that I put a bid up for 2 million at .0135 , when the ask was .016..and some impatient moron came down to me and sold me his shares....That was a VERY LUCKY BUY..or my average cost could be where I am even or even down right now....
It happened again a few times for me with smaller amounts....but those 2 million down there really helped with my cost average...I got the other 3.5 million in various spots from .014 to .017ish....I am still going to pick up 500k more..very soon...waiting for funds to clear...
Anyone trying to accumulate a big position now will be in at 019 or .02 average..
Tony, Think about how hard it would be to pick up 5 million shares right now......you would have to hit the ask relentlessly....so I feel good about this spot I am in..
.being that I dont believe this can ever go sub penny , I have no real exit strategy.... I go on assumptions of right I win...wrong I lose. Should it dip below a penny I WAS WRONG..and I will lose if i feel compelled to sell under a penny..But If i am RIGHT I can dispose of shares in bits and pieces along the way. Hopefully at 2+ 3+ 4+ 5+ and so on and so forth.
I mentioned that I put a bid up for 2 million at .0135 , when the ask was .016..and some impatient moron came down to me and sold me his shares....That was a VERY LUCKY BUY..or my average cost could be where I am even or even down right now....
It happened again a few times for me with smaller amounts....but those 2 million down there really helped with my cost average...I got the other 3.5 million in various spots from .014 to .017ish....I am still going to pick up 500k more..very soon...waiting for funds to clear...
Anyone trying to accumulate a big position now will be in at 019 or .02 average..
Tony, Think about how hard it would be to pick up 5 million shares right now......you would have to hit the ask relentlessly....so I feel good about this spot I am in..
.being that I dont believe this can ever go sub penny , I have no real exit strategy.... I go on assumptions of right I win...wrong I lose. Should it dip below a penny I WAS WRONG..and I will lose if i feel compelled to sell under a penny..But If i am RIGHT I can dispose of shares in bits and pieces along the way. Hopefully at 2+ 3+ 4+ 5+ and so on and so forth.
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