LogFAQs > #962503023

Menji posted...

Awesome GOFF, so sound like the share cancellation can happen or did happen? Are you waiting for it to happen to sell?

Share cancellation confirmed by the courts but no, it nor the split NOR the name change have happened yet. So many catalysts! All of which make me think the big one, the merger, could actually be close. These are the same steps Sharp took with TSNP prior to announcing HMBL, minus the share split. But yeah, I've always been long GOFF and GVSI and ultimately in it for the merger. That said, when you can flip and make enough gains to have zero risk, why wouldn't you? So I do both things to deleverage risk.

I took some profits today between .45 and.479 (multiple orders). Sold around a third of my position and plan to sell more tomorrow. Expect it to trade in the .40s for a bit, though we certainIy may breach resistance at .50s tomorrow and stay there some time first. So much support. 100k+ share bids were coming in at .45 and .46 and this was hours after the announcement. This is the penny market though, and I figure no way we don't get dip days. Would be nice to see .40 become the base but wouldn't surprise me if we get .30 dips. I doubt we'll ever see the .20s again (pre-split that is). Only exception is if things take absolutely forever. But these next few catalysts will still take a couple weeks to happen so there should be plenty of time for dips. Right now I need to be smart and take profits.

My game plan: sell in total 2/3rds of my position and just have 50k shares left. Hope I can buy back low/mid .30s or so before these catalysts happen. Get 150k shares again before the split, now with a bunch more realized gains. Then hope we get right back to these prices when the split happens. I bet we do. 300k shares yes please.

Man, what a glorious day today was.