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Liloptimist1,264
| Location: | Danville, CA |
| Sectors of Interest: | Mining |
| Member Since: | October 27, 2010 (2 years 29 weeks ago) |
| Last Login: | 1 week 3 days ago |
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Always good not to take a big risk at your age and I am getting up there too. Nothing wrong with taking small risks though.Rumour has it lots of shorts and shares are tight so We may be in for a nice run.
Hi Frank, I am still holding my shares of SRWY. Wish I had bought more but happy to have not sold my shares..
Hey liloptimist, Are you still holding shares in SRWY? Looking Good.
Thanks for the info Frank, I will take some profit and keep some shares.
With regards to VELA, I can also say that INT was in nthe same boat lasat year at this time with a great product and not a very good balance sheet and as a result to attract money did a private placement at 10 cents and it took quite a while to get filled because most people would not touch it and look at it now, so if VELA remedied their cash problem my opinion will be quite different
Hi liloptimist, I will stand by my original opinion of riding the profits while taking out your original investment if possible and this might be possible with the momentum right now. My problem with it is finding up to date financials as the ones I see are for the year ended Dec/09 and they looked terrible with current liabilities huge and current assets tiny. Now these are almost 2 years old so I do not know if this was remedied. They probably did something otherwise creditors would have moved in by now, also a lot of shares o/s but the story is a good one and it appears that cash flow has the potential of improving but in my opinion it has to improve a lot or it will be necessary to raise capital if the 09 situation was never remedied. Probably that is why this is a penny stock.If I can find updated financials my opinion could change dramatically as maybe they isued shares between then and now to bolster working capital. I will keep searching for up to date financials
Hi liloptimist, Your VELA shares made a nice move up today with good volumn on a day when markets were bad. Certainly timing and momentum is going for you. It would be nice if you could get most or all of yor original investment out in just a and let the profits ride. I am still working on the due diligence.
Hi Frank, appreciate the update and will continue to hold on to my shars of INT. If you learn of anything new please keep the shareholders in the loop.
Best Wishes
Hi liloptimist, In response to your questions to Ana, I have not given up on INT at all. Market weakness overall is dragging this stock down as well as uncertainty. We await the launch of their products for sale and the lack of news and all these things are not helping the price.In addition private placement participants, I am sure are cashing in some 10 cent stock for a six bagger plus gain and to lock these gain in and buy other great stocks that are much cheaper as of late. As a result, I do not have much to post and I am not privy to any inside info so I get my info the same as everyone else and the fact, I have talked up this stock so much I have probably crossed the line to pumping the stock territory and have backed off a bit so as not to be painted with that colour as a member of Pinnacle.. I suggest investors continue to keep a core position but don't be greedy.