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Very true, but I think it would take some very powerful news for MYEC to gap that high. I'd never want to end the trading day without a substantial MYEC position, but I don't mind selling a few shares every now and then when I foresee a drop; it allows me to increase my position for the next run.
To each their own. As long as everyone's making money, everyone should be happy.
Personally, I think flipping is a smart strategy when done at the right time. If you flip during high volume runs, you lock in profits. This allows you to buy back in and push the price up further when we are in a stagnant position.
Everyone has their own trading style, but I would be surprised if a lot of the "true longs" never lock in profits.
I took a 50% loss but today was the day I was waiting for. I thought news could move this; I was wrong.
Im out. Cant wait any longer on this.
And....Im out. If news couldn't move this, thats a bad sign, IMO. Good luck to all who are still here
100% agreed. The only thing message boards are good for is gauging the public sentiment for penny stocks, considering a lot of the buying/selling of sub-penny stocks is done by iHub members.
Personally, I ignore all speculation and DD that seems like a stretch. We don't need to make up news anymore (not that anyone ever should have) because Ed is keeping us updated.
Ed has not said anything for almost three months and now we get 2 very positive PRs and regular tweet updates. Ed is methodical, IMO, and it seems that he is building up to something. He no longer has room to hype up the company for a short period, as this is a pivotal point for MYEC, and investors will lose all faith upon hearing bad news. For that reason, I believe that these PRs are building up to something even bigger, or else their timing was illogical (which I highly doubt). Considering that the 2nd PR was even better than the 1st, I think that is a fair assumption.
Once again this is all my opinion, and I am prepared for anything: good or bad. Nothing surprises me about penny stocks anymore
This is the first time I used a stop loss because I had another pick drop 50% over the past week, and figured I would test a new strategy.
Needless to say, it was not the best strategy, but I was doing work for my other business so I couldn't keep my eyes on the L2.
I still think I may be able to re-enter at a lower price though, although for everyone else's sake, I hope I am wrong
I hope so. Id prefer that everyone here banked! And I can find an entry on the way back up anyway. Bid support is building so thats good.
Good luck to you! Final hour of trading should be interesting
They really need to come out with a sarcastic font for the internet - so much lost in translation!
Good luck to you. Big things coming IMO (hate to sound like a pumper, but I believe it)
My stop loss went through before I had a chance to change it, but I will be looking for a re-entry. I think it can go lower again as bid support is weak above .0024 right now, and there is a large volume on the ask
Never make a trade based on what ANYONE says, no matter how reputable or legitimate they sound.
This isn't a typical run where it goes up and right back down, IMO. This is a run followed by consolidation, which is healthy. We don't need to go up a few 100% in a few days. This will take time.
As of now, I believe that bigger things are coming, until I have reason not to.
Damn...key intraday support was broken
Nothing crazy about making a profit. Everyone is in the stock for a different reason. I didn't sell earlier either when I was up a lot, but everyone has different entry and exit points.
I'm more frustrated by these people putting up huge ask blocks because they keep the price down, therefore, it doesn't even help the seller. But some people are up so much already that they dont care if it goes higher. It may take some time to shake out all of the early buyers, but then again this stock has proven to run extremely fast so I still wont be surprised if we set a new HOD in the upcoming hours
That's a good thing. It's nice to see that there is some strong demand for shares.
I sold some of my position yesterday because this lack of volume is a bit of a setback, but I am still accumulating as the opportunities present themselves. Ill be on the bid until there is a reason to hit the ask.
That's a great plan. Im now more confident then ever that MYEC has some big plans in store.
That being said, this is pennyland, and I am cautious. I'm constantly looking for new entry and exit points, but holding a substantial amount long either way. Im up over 100% right now but I don't feel like now is a good exit point.
The default is FIFO, but when you make a trade online there is an option called the "Lot Selector" and you can choose how many shares you want to sell from each lot you purchased.
You may also be able to automatically change your default to LIFO, if you are flipping and long on a regular basis.
Personally, I prefer the lot selector tool as it helps me determine my profits for the trade.
You can use lot selection with ETRADE if that is your intention.
Just tested it again...Upped my order to .0155 and a new order came in at .0156 instantly.
We are holding our gains for today very well. An EOD run would be nice
Orders are definitely acting a bit weird. I put in an order for 100k at .0153, which was above the highest bid, and a TD Ameritrade order popped up right above it in a split second.
Either there is something weird happening, or someone is watching this very closely
Chart looks great. Fundamentals and future potential look even better!
Thanks a lot. That's great. When was it sent?
Can you post the email/reference?
HUGE bid support building
The block at .0028 is getting taken out now though, so thats good
MYEC setting up for something huge, IMO. This is a gem for people who like long plays based on strong fundamentals and a bright future. Short term gains are also feasible, IMO.
IMO, the main thing holding us back is the huge ask blocks. Sellers need to learn to break those orders up if they really want them filled. But thats just part of trading penny stocks...
MEDT - Marijuana Press Release mover, continuously testing new highs
Get more eyes on MYEC. The volume from new buyers can help move the price. It's a win-win, considering this is a great investment, IMO.
MYEC - REAL Company, for those who like long plays. Already up around 40% this week with a promising future.
Do some DD and you will be impressed. This is not a quick flip, although short term gains are realistic, IMO.
Really no reason to sell at these levels, except for panicking because others are selling. Im waiting for when we break .0035 because if we do, the spike can be parabolic
If we break .0035, which is looking very feasible, I think that is realistic
MEDT slowly building new support. I like the way its trading right now
PMXO releases photo of new MJ terminals
http://ih.advfn.com/p.php?pid=nmona&article=61170309&symbol=PMXO
That's a big float, IMO. I know stocks move on bigger floats (PMCM) but a small float combined with today's volume would have led to exponential gains.
Nonetheless, I meant what I said as a positive statement. I have a lot of faith in MYEC, and I'm not an overenthusiastic, diehard long.
It's funny that everyone keeps posting as if the stock is down right now. You guys realize we are up over 40% today right? That's pretty damn good for a legitimate company with a huge float like this.
I get it, there is some MM manipulation, flippers, stupid sellers, etc... None of that means anything in the long run.
Don't let these copycat traders scare you. Notice how nobody would buy the .0051 on the ask a few minutes ago, but once one guy put up a .0054 ask order minutes later, so did another person. Think for yourself. Smart investors know where this is going.
I have a bit more confidence now that I talked to someone from the company. They reply very fast, and I respect that transparency.
I expect more news next week but not today or tomorrow...Id be happy to be wrong though