My long friend msgarlar100, depending on the type of restructuring they do I can make up to 100K off of DOLN if it goes above $1.00. That is far more than ten times my investment. But regardless of how much profits I will make, this time I will have two nice glasses of wine, one to celebrate my own profits, and the other to your good fortune and lasting health and wealth. Cheers.
zan, what are you doing here? Actually nice to chat with you anywhere. It is very difficult to explain my method. DOLN is actually slightly better than 50% but the number of extensions have improved the probability (2% per each recent extensions). If you are interested and are willing to devote a significant amount of time to learn you can look up subjective probability under finance and economics literature.
I have been buying all the dips below $1.82. Will be adding more shares when we get news or go over $2.00 with heavy volume.
I think we should think in terms of merger/buyout holding the price depressed rather than another capital raise. This is how it works when a firm is owned primarily by insiders. In either case, the price will go up, much higher, eventually, especially if they show another positive earning which I expect .
Sold 6,000 more shares at $1.96 despite expecting material news. Got 6,600 shares left. If the news lifts it I will buy back, but you know that GRO trades crazy in either direction.
Yes this was a nice surprise and I took out some profit by selling 3000 shares. I got 8,000 shares left. It could have been a real money maker if I had accumulated more shares at the bottom.
My good long friend msgalaria100, I never stress over buying a stock. Of course, DOLN is a real gamble for me and not the type of stock I normally trade. But to reduce stress I have developed the habit of accepting the loss before I buy a stock. I buy stocks based on the subjective probability of an upside being greater than the downside. No matter how high this probability, there is always the chance to lose and thus one should be prepared to accept this loss in advance and it should not come as a great surprise if it happens. So each time I put my money at risk I accept the fact that I may lose some or most of it and if that happens I move on to the next stock after having a shot of tequila to rejuvenate myself and to enjoy the next trade. I do the same when I take out profits except I have a nice glass of red wine to celebrate the occasion. It goes without saying that I drink much more red wine than tequila. The subjective probability of an upside for DOLN is between 50 to 62% and I hope that soon I will be drinking a nice glass of wine, but if it turns out to be shot of tequila, it will be bottoms up without any regrets or stress.
You must be joking: "Short interest shot up to an astonishing 14K on 2/14." That is really scary:). Also, any experienced trader knows that in case of manipulated stocks the monthly short interest is of little value. The relevant data is what is the short interest today and not a month ago? You don't know and based on this ignorance you make a further assumption that the earnings will be low. Earning may be or may not be lower than the management guidance but certainly not because of your so called evidence and extrapolations. It could actually be higher than the guidance. Can you prove otherwise? I think shorts already covered when it went to $3.20 and I have been adding at $3.00 to $3.03 all last week.
There is no question in my mind that there was the manipulation of the stock both in terms of quarterly report and the buyout offer. However, the buying you are referring to could be by one or more associated culprits at bargain prices and if so, there are not many shares left that does not belong to the insiders. They could just buy the rest with a cash offer. On the other hand, it may turn out as you have indicated since they took out much of the retail (several million shares) at bargain prices. I have taken out nice profits in two round trips but still hold some shares awaiting the final outcome. During AH it closed at $3.10. You seldom go wrong if you follow the Fat Cats.
Based on historical correlation between rising price and volume, but understanding that is beyond your mental capacity.
After pumping it and taking out profits. Never hold a stock more than few days when he pumps it. If you are already holding the stock before he begins pumping, take advantage of the buying frenzy and sell. If the sock is any good it will gradually go back up again.