As Web's World Turns

[billyjoe]

billy,
are you saying that you exited the first trade at a loss and then re-entered again and took another loss? where did you enter at the 2nd time and where did you exit at the first time if you don't mind releasing that info.

Sure,
Entered 7.01 sold 4.68 loss 33%. Enter 5.60 sold some 4.35, loss 22.5%. From now on I only trade real companies with earnings and products.

------------billy

[Websman]

Sure,
Entered 7.01 sold 4.68 loss 33%. Enter 5.60 sold some 4.35, loss 22.5%. From now on I only trade real companies with earnings and products.

------------billy

Ok...You entered again at 5.60? I believe you will soon see, that if you would have held on to your 5.60 position, you would have made a very nice profit...just my opinion if course.

My original shares at .20 are still looking very good!

[Websman]

JBII has p2o..... Webs has s2g.... LOL!

I'll be the one laughing soon.... jejeje

[dmk112]

JBII breaks 3.50 and it's toast... on the other hand, buying here has some good r/r

[billyjoe]

Ok...You entered again at 5.60? I believe you will soon see, that if you would have held on to your 5.60 position, you would have made a very nice profit...just my opinion if course.

My original shares at .20 are still looking very good!

Webs,
I've still got enough left so as to brag if it comes back.

-----------billy

[Websman]

Webs,
I've still got enough left so as to brag if it comes back.

-----------billy

Excellent Billyjoe....Maybe we will be celebrating soon!

[Websman]

Ski, I will say "CONGRATULATIONS Webs, you turned $#*+ into gold!.....

seriously folks.... I just can't see a justification for JBII's inflated market cap.

Not EVERYONE that has bought into JBII has made big $bucks.... just ask Billyjoe....

Marketcap means nothing to me...nor does financials.

[skiracer]

this is how i see it and of course it is only my opinion but here are some interesting numbers based on Webs entry price of .20 and if he had bought 10000 shares at .20 which would = $2000 and the stock went to a high of $7.70 on the first run-up and $7.10 on the 2nd run up. if Webs had sold on the first run-up at $7 he would have cashed out his 10000 shares at $70000 which is a $68000 gain or 3400 %. then if he would have taken his gains of $68000 and re-entered again at around $3.75, with their money free and clear of any of his own, he would have 18133 new shares free and clear. then when it went back up to $7.10 on the 2nd run-up and he sold out at $7 he would have made 3.25 per share x 18133 shares or another $58922 and another 86% gain on the 2nd trade. that would = a total of $126932 on his initial $2000 investment or 6346 % and still could have gotten in anywhere that he wanted to if the stock does continue further up which is anyone's guess and strictly conjecture at this point. now everyone does what they want to with their own money but in this game you only get chances like this a few times in your life and personally i would rather be sitting on the $126932rather than 2000 shares at yesterdays closing price of $4.40 which would come to a gross of $44004 or $42004 profit which is nothing to laugh at but is still only on paper and the hope that he will be able to get that after todays action. of course there is the possibility that the stock will go to $50 but if your were to wish in one hand and shit in the other you know which one is going to fill up first.

Billy, i think you're a smart guy and knows what he is doing. regardless of how this situation transpired for you and what the final outcome is don't limit yourself because these two trades didnt turn out the way you wanted or expected. use them as two very important learning experiences and get your money back.
i also think this stock and it's performance has been a great study on how important timing and momentum are in trading any kind of stocks. two of the key aspects on the road to becoming a complete trader whatever your discipline may be.

[Lyehopper]

........ and went to over $7.10 again before dropping back to where it is at today.

that's right, after a dozen press releases, yes JBII popped up to $7.10 and stayed over $7 for about three minutes and only traded about 20k shares up there.... and it has fallen like a rock since that day (down 40-50%)

you must admit that it looks like a "pump and dump"

Ski.... let's say a fella cares less if the company has any real revenue and profit potential.... and he only looks at charts.... at what share $price would you be buying JBII again?

do you currently own it?

[skiracer]

that's right, after a dozen press releases, yes JBII popped up to $7.10 and stayed over $7 for about three minutes and only traded about 20k shares up there.... and it has fallen like a rock since that day (down 40-50%)

you must admit that it looks like a "pump and dump"

Ski.... let's say a fella cares less if the company has any real revenue and profit potential.... and he only looks at charts.... at what share $price would you be buying JBII again?

do you currently own it?

lye,
i'm looking at the chart and the momentum indicators which are primarily timing. i stated in a couple of earlier posts that i would re-enter at anywhere from $3.50 to $3.75 which was my 2nd entry. i'm out of the stock with my profits and will re-enter if it drops to that level. it hasn't really been able to sustain recent price levels above $4.

[skiracer]

interesting situation this morning with JBII. 670 shares traded. very little interest in the stock this morning.

[billyjoe]

Ski,
If interest and volume in JBII dry up, it's toast, maybe for years hovering at the $1.00 level. Unless JB comes thru with his P2O claims it's a whole new story. Concrete results are needed soon.

----------billy

[Lyehopper]

........ i would re-enter at anywhere from $3.50 to $3.75

Interesting..... think Spike was lookin' @ $3.55

[Websman]

Ski,
If interest and volume in JBII dry up, it's toast, maybe for years hovering at the $1.00 level. Unless JB comes thru with his P2O claims it's a whole new story. Concrete results are needed soon.

----------billy

AGM will be April 28th...JB says there will be a P2O up and running for all to see.

[skiracer]

Interesting..... think Spike was lookin' @ $3.55

i havent been to over there in months so i dont know what is going on over there. i re-entered at $3.75 on the 2nd trade and will do so again if it gets that low.