Post by
nostockskillz on Jan 11, 2011 10:14pm
PP is good
One they were able to issue a pp at .10 which is up 20% from the pp less then a year ago on press release from Oct. 18, 2010 at .08 cents. They might as well take advantage of a nice increase in share price now as February 16. 2011 the .08 pp shares holding period will be up.
Two this should allow for a brief period to pick up some cheap shares.
I bought in today 10,000 shares .135 before the news comes out hoping to do a quick flip at .14 cents. However I am happy that the PP occured.Before it closes hopefully I can get in around .10. Perhaps I will take a bigger holding.
GLTA
If you know of any other stocks under .10 that have recently done pp's feel free to let me know :).
Comment by
stocknup on Jan 12, 2011 7:43am
nostockskillz....good name for yourself. You bought 10000 shares and plan to flip for .005 gain? 50 bucks?? After commission how much "profit" do you anticipate???Put your money in a piggy bank, it will be much safer!
Comment by
giordihead on Jan 12, 2011 8:23am
so you were flipping to make $50 minus your transaction costs?...yup you sound like an astute investor to me