Sold all my ACLH position for a profit of $187

Sold all my ACLH because of the waiting game for a BP contract. They came out with news about something to do with some oil wells. This is not the news I was expecting but still think the contracts are around the corner. I wanted to free up some buying power so I can make other plays.

In total I sold :

05/18/2010 09:55 AM	$141.804	Sold 2,727 ACLH@ $0.052
05/18/2010 09:55 AM	$775.50	Sold 15,000 ACLH@ $0.052
05/18/2010 09:34 AM	$270.50	Sold 5,000 ACLH@ $0.055

Its kind of disappointing that at one time during this trade I was at a profit of over $700 but a profit is a profit. I believe that this stock will trend down until news hits. Also the rumors of a reverse split are all over the place. This is why I went with my gut and made an exit while I still had some profits.

Meanwhile PPJE just came out with news:

http://finance.yahoo.com/news/PPJ-Enterprise-Announces-iw-1692823565.html?x=0&.v=1

I will be looking to exit at around .0009