GREY:MIGGF - Post by User
Comment by
bendergardenon Sep 14, 2011 4:02pm
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Post# 19042466
RE: RE: The opposite of the intended effect
RE: RE: The opposite of the intended effectGarfield512: wishful thinking my friend. Better known as the defensive stance of someone who keeps losing money.
I bought back into Migao in June, for about 3.80, knowing the bounce was coming. I sold at just under 4.80. The money is in the bank as a sweet trade.
I expected to go back into Migao, at around 4.25 or so, as a long.
But watching all that has gone on, I now know better.
Use common sense and relook at the situation. There are red flags all over the place. I wouldn't even short this thing. You risk a cease trade, and then getting frozen and hammered by costs.
Just get out, and forget about them. If it makes it down to 1.00, maybe you could throw pizza money at it for fun, but this is no olnger anything even close to an investment.
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