Tim Sykes Wins the GVBP War
Sykes plants victory flag in the carcasses of GVBP Longs
The Commission temporarily suspended trading in the securities of Genova
because questions have arisen about the stock promotional activity for Genova [ GVBP }, and the accuracy and adequacy of publicly available information concerning, among other things, the company’s business operations.
Last week I did a post about how Timothy Sykes lost a battle and about $4k with his GVBP short when he got caught in a short squeeze. Since that time he has reshorted 3 or 4 times and now is up $2 – $3k depending on how the suspension of GVBP trading he predicted turns out.
Unfortunately, I could not short GVBP because my account at IB will not be funded and active until October 1st so I missed this sure thing opportunity.
As long as there are Penny Stocks and the SEC remains slow and clueless, more shorting opportunities like this will arise. Next time I’ll be ready. Never again.
!!!! Meet me for beers and also learn about pump and dumps from the master Tim Sykes at his Las Vegas Seminar !!!! (If spots still remain).
Filed Under: Pump and Dumps • Timothy Sykes
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So, now that GVBP has been suspended.. What will happen next? I personally still hold 45,000 shares at .24 cents.
Are they worthless? or Do I still have hope?
John,
There is a good chance your shares will be worthless. Or if they come back from “temporary” suspension stock owners will dump so fast that it will be a penny or less in no time.
wasn’t the stock supposed to open trading today, 7th? Still seems to be suspended…
Timothy Sykes sent a message today (10/07/2009) that he was able to cover his 3000 shares he shorted at 3 cents a share. I would call your broker if you need to do a trade.
John—they’re suspended for like 14 days=ish, so hopefully 4 u, they will come back and u can verrrrry quickly sell, if anyone will buy them. Good luck.
GVBP, BridgeBio and PrimeBio are owned by the same people…….
I purchase some PVRE at .23 and again at .04, Today it is back up to .13, should I sell?
I still own about 7k shares of GVBP, I will take your advise and sell them asap.
Nothing you can do except hold them until GVBP comes back from suspension. Who knows what price they will be at though. Good luck.