Alright I am jumping in the ring. 1K to boot

[Wax]

I couldn't bare the pain of the manipulation by the MM's any longer. I dumped... unfortunately in 2 batches today. With the remainder of my money (after a savage beating on commissions) I have purchased 22,500 shares of EYII @ .027. Going to let it ride on this guy for a few days if not longer. I have limited access to the net this week so I need a "safe" bottom play with an established company. If all pans out this will be a slow and steady rocket.

[Wax]

Ahhh how sweet it is... This should have another bag or two in it for me. Back to even in 5 hours. Lets see how this goes  . Odds are, time permitting, I will sell half the position tomorrow at .054 and ride the free shares. There is no doubt in my mind it will achieve this level very early on. This would have been a two bagger day but many patient bagholders waiting for an EYII move like this were unloading (with a sigh of relief I am sure). Tomorrow should see some light to moderate profit taking allowing for some more action to flow into Weds (IMO).

[Wax]

Sold 10K shares at .06 = 600$ . Riding out the other 12250 shares for a bit.

[Wax]

I bought another block of eyii yesterday at .035. I mixed it in with additional shares for myself. Going by the 600$ I received from the sale at .06 that will give me an additional 17,143 shares for the project. So in total for the "project" I have 29,393 shares. The average price for all of these is around .031. I have a few sell triggers lined up just in case it hits my target today as I will be unable to watch the days activity.

[Wax]

Still holding eyii for this project and looking to rebag at least one more time. For the personal OTC portfolio I have loaded even more eyii on the dip. It is starting to feel like a bit overextended but oh well. I have also broken a cardinal rule and bought a Pink sheet. Not only did I buy it I went over my usual full otc position. If anyone cares it is MYRG and I have great feelings about it.

[Wax]

Alright I got bored and sold off this projects worth today. They were dumped at .053. This gives me 1,557 and change. I will buy and post something when I feel it will at least bag for me.

[Wax]

Alright the project now holds 35000 shares of myrg from .022 (transfered from personal). Don't worry I am down almost 10% on it. And I have filled 39500 shares of sevi at .013

[Wax]

Alright some quick math before I get to buried. As it stands now...

Account total from sale of EYII = $1,557
I am just going to copy and paste from trade history from now on. This is taking way too much of my time. Between the project and portfolio I am falling behind.

-------------TradeOPEN----------------------------------------------------------
02/09/2006  10:46:28  Bought 35000 MYRG @ 0.022  -780.99
---------------------------------------------------------------------------------------

-------------TradeComplete----------------------------------------------------
02/16/2006  09:30:04  Bought 39500 SEVI @ 0.013  -524.49
02/16/2006  09:46:37  Sold 8000 SEVI @ 0.024  181.00
02/16/2006  09:46:45  Sold 6000 SEVI @ 0.024  143.99
02/16/2006  09:50:19  Sold 25500 SEVI @ 0.024  600.99
--------------------------------------------------------------------------------------
Total in pocket post trades for SEVI = 925.98 

So going from above

1557-524.99-780.99+925.98=$1177 (This does not include my current MYRG holding)

So at this point I am up my holding of MYRG (Which by the way is way up on the day)

Damn that was rough

[Wax]

Getting a bit bored with MYRG but the chart says hold. If I don't get 50%+ more by Mid Thurs it will be sold quickly. My next stock pick will need to be a bagger. I will be taking my time with the next trade if anyone cares. I will prob play the PR game next round. Stay tuned.This project needs to get to 5K stat so I can get it truly moving.

[Wax]

02/21/2006  10:24:52  Sold 35000 MYRG @ 0.021  723.98

$1177+$723.98 =    $1900.98

Ok the account balance is now at $1900.98. It is totally liquid until I see something to strike on.

[Wax]

02/22/2006  09:48:12  Bought 600 PTSC @ 0.82  -502.99 
02/22/2006  10:53:37  Sold 600 PTSC @ 0.885  519.99 

Snore

Ok the account balance is now at $1917.98

[Wax]

02/23/2006  11:42:28  Bought 5899 PTRS @ 0.095  -571.40

[Wax]

 02/24/2006  09:38:56  Bought 1850 CHMD @ 0.261  -493.84
02/24/2006  10:17:31  Bought 2300 CHMD @ 0.21  -493.99

  Current purchases have totaled $1559.23 including trades. This leaves me with $358.75 for trades in the project. I will be eying both of my current holdings and adding to the one I feel will return in the very short term.

  Odds are I will be buying more CHMD either on another bottom or any forwrd movement (like I have any other choices). I jumped the gun on these trades and I am paying the price. I should have know better but I did it anyways. Risk/reward is weighted heavily (risk side) when trying to build up from $1100 or so. I am currently down $147.30 on my holdings and looking to be + that much if not more early on Monday. I smell $2500+ a day or two away.

   Once I get this account to 5K the magic will really start happening ;-). I think I will be moving more $$$ to this account to take care of the 3 day non-marginal hold on these OTC stocks. That way I can daytrade them a few times. This buy and hold is not the way I like to play. Let me know if that would be considered "cheating" within the projects rules.

Wax

[Wax]

I am going to be buying the following today for myself for now. I need to figure out which one goes to this project.

Update 02/27/2006  09:31:25  Bought 30000 WHAI @ 0.011  -340.99   <--- Lotto ticket for this project!

Buy CHMD (Why not)
Buy WHAI (Lotto ticket. Looking for fill at .01- .011) <-- Bankruptcy filing and HUGE drop. People will want this price driven back up really soon so they can dump. I want a piece of the pie.
Buy VNBL (Chart looks primed and ready to pop)
Buy CLBE (News and chart ready for next leg)

I am think I am going in WHAI. Highest risk reward and just what this project needs more of

[Wax]

02/27/2006  13:01:19  Sold 5899 PTRS @ 0.09  519.90


I will tally up balance sometime tonight or tomorrow morning. As it stands this is what I am holding...

The lotto ticket
Update 02/27/2006  09:31:25  Bought 30000 WHAI @ 0.011  -340.99

Positions
02/24/2006  09:38:56  Bought 1850 CHMD @ 0.261  -493.84
02/24/2006  10:17:31  Bought 2300 CHMD @ 0.21  -493.99

As it Stands

Current holdings leave me with $537.66 for trading. I feel like I found a gem while scanning yesterday. I will be buying in the am when I see my entry price. chart below.