Post by
DrillingHere on Sep 18, 2012 3:26pm
Sold
I discussed this with my broker, who's also a friend, and on his advice I sold all my shares in three different accounts at an average of $2.54. He guarantees I'll be able to buy it back at much lower prices, and if he's wrong, and I can't buy in lower, he'll put me at the head of the list on a lucrative new issue. That's good enough for me. These boneheaded financings just kill long term investors.
Comment by
cookster9 on Sep 18, 2012 3:28pm
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Comment by
DrillingHere on Sep 18, 2012 3:46pm
Thank you. One of his other clients sold his very large position and put in a replacement order of 100K at $1. When it gets below $2, I'll be watching.