It saddens me to say that one should never marry to a stock. Like all the other runs on this stock, it came come back down! Play the Market makers/Shorters game. And there is alot of money to be make on this stock. The financials, fundamentals means F all. If we use fundamentals, this stock should not trade in the range now..it should be in the $15-20 range. But it wont happen until we have a few good quarters behind us.
I am partially back in at the 8.10 range. Looking to buy back more at a lower than the 8.10 range. If I spend all the money I make from SAEX, I can tell you all I can own over 30,000 shares of saex. As I have always tell you guys, please lock in your profits.
Why I am buying now even if I think it can go further....?
Because I do not know how low it will go! But I am comfortable with that magic number.
Enjoy the profit that was made today to those who sold. This stock is not for the faint hearted and do not buy this stock on margin or you get burned.
