TSX:SRU.UN - Post by User
Comment by
Journeyon Dec 02, 2003 7:50pm
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Post# 6730286
SunCasper
SunCasperNo problem. You are a kind and fair person that will always get
treated in the same manner by me.
I actually wanted to post a few days ago saying that it looks like
SRU will go tho $0.30 before it heads back down below where it came
from, but I didn't bother. SRU's $0.25 options are in the money
and the shares being purchased are bought buy people such as yourself that want to flip for pennies (and that is fine); and by
those who just love to be bagholders here (IVY, Franix2, Bert, and
others).
I do not like the illiquid nature of this stock price anymore as share price spikes have been far and few between; so consequently,
I do not want to get caught holding the bag for the option exercisees. By illiquid, I do not mean share volume (which is normally the definition), I mean the actual share price. If one
fails to time the flip of SRU stock properly, you could get caught
holding shares that have very little price movement at all. Why
I won't participate in this little price run is that I see it as a
Hail Mary move by management to raise a little cash, and then the
stock will more than likely fall lower for a longer period of time
from where the price ran up from - don't want to be trapped on this
one.
The other stocks you have mentioned have much greater upside in the
near term and long term in comparison to this "dull" and "tarnished" stock.
SunCasper, I hope you make a few pennies here but please be very careful on this stock so as not to get trapped. The window is very
small here and too small for my liking.
Good luck,
J