AimRite Holdings Corp (AIMH)

[buy4fun]

Day traders are definitely jumping in and out.

A friend once told me that when penny stocks run - he used to belong to a Trading Group that jumped in and out all day and he told me that it is easy to make 5 to 7 day trades on a penny stock.

The float is clearly not 100 million.

Day Traders can easily trade 3 x the float !!!

The L2 action at the moment supports a move next week.

IMO - we need to ignore the .012 to .02 run yesterday and focus in what is happening now.

An example of the housing bubble in California. $700,000 homes were suddenly selling for $1 million. They were never worth $1 million and after the housing "crash" pulled back to the real value of $700,000 where the price originally was.

The issue was not the value of the home - the issue was that people had Mortgages of $900,000 on a home that was only ever worth $700,000.

This is what happened to AIMH yesterday and today.

It is now trading at a correct price and there is huge support now at .0107 and the Ask has thinned.

The issue is all the people who bought the AIMH hype or "housing bubble" and are now "underwater". To me it was never a buy above .012 yesterday.

If you play the pennies for long enough - you know how to keep calm and if you miss a run - you miss it.

NEVER CHASE !!!

I was NEVER going to buy back in, this morning until the action calmed down, which it now has.

Always take emotion and hype out of trading !!

GLTA of Us