Amfil Technologies Inc (FUNN)

[recinvestor]

As important as it can be to buy the ask, a strategic move that will assist in holding the gains as ask slaps come in...is to also trail your ask slaps with bid support.

If volume and buys come pouring in at the asking price, one can assume that the pressure will naturally push the asking price higher as the ask gets taken out. Buy 100K shares at the ask and provide 100K bid support. As the asking price moves up, keep buying the ask, but move the bid support higher as well.

To use an analogy, in a fight, it often takes a combo of 1-2 punches to land the knockout. (Pound the ask, but make sure there's equal bid support moving up in proportion to how quickly the ask is getting taken out). The first punch landed may not be the knock out punch, it's what follows behind that ends up being the knockout punch.

If you use all your knockout power all at once, and you don't get the knockout, there's no support left to continue fighting. Meaning, don't use all your buying power towards the ask...keep some in reserve in case the knockout doesn't come. That way you keep em on the ropes without allowing them to fight back because they know there's more power in reserves.

For what's it's worth, this would be my strategy.

Good luck to you and pinch one.
Go AMFE
Rec