Wednesday, August 30, 2006 4:57:05 PM
Unfortunately, I am a flipper, regardless of exchange. Most of the time, I don't even know the companies' actual names.
If news breaks, I rapidly scan the news to assess the percentage potential of the run, then I quickly eye the 6 month chart, avg volume, FLOAT, and enter on the retrace off a technical point.
I am in for a few mins to an hour, maybe a day. I have not done this with GZFX as I thought I was entering at a low and felt the company was about to take off, then I was blindsided by the AS news.
I would have flipped it and never looked back, if I had known JF was going to do that with the AS. Now I have increased my position and am waiting to make it back. And I feel very strongly that it will, but JF has a way of shocking us. GZFX could make millionaires of many, but not until we stay on trck of the core business (not LITV) and clean up the shares.
If news breaks, I rapidly scan the news to assess the percentage potential of the run, then I quickly eye the 6 month chart, avg volume, FLOAT, and enter on the retrace off a technical point.
I am in for a few mins to an hour, maybe a day. I have not done this with GZFX as I thought I was entering at a low and felt the company was about to take off, then I was blindsided by the AS news.
I would have flipped it and never looked back, if I had known JF was going to do that with the AS. Now I have increased my position and am waiting to make it back. And I feel very strongly that it will, but JF has a way of shocking us. GZFX could make millionaires of many, but not until we stay on trck of the core business (not LITV) and clean up the shares.
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