AI
Tuesday, November 21, 2006 11:37:08 AM
Creppie: I don't have PM
I'm not in a hole with my current trade. Waited until yesterday to get back in after Thursday's sell. Bought some at .004, filled at .003 today so I am even at this price. Will still hold this a while if it should drop below .003 and get more near .002 or .0015 (should it fall that low).
Long term looks like we will hit some support around .0015 -.002 if .003 doesn't hold. Long term resistance is probably around the .007 level. I definately will not be holding this swing trade that long, unless a run to .007 in a day looks imminent (highly unlikely given recent activity). I'm more inclined to sell this batch real quick at .004 or .0045, again, given recent downward trend. I could also be holding them for a while.
Still hold the 500k freebies, as well.
I don't put a lot of stock in TA for penny stocks, prefer it for the REAL stocks and indexes. Penny stocks are more feel and require more "artistic" interpretations since they swing in price so much and are more hype/news driven.
I'm not in a hole with my current trade. Waited until yesterday to get back in after Thursday's sell. Bought some at .004, filled at .003 today so I am even at this price. Will still hold this a while if it should drop below .003 and get more near .002 or .0015 (should it fall that low).
Long term looks like we will hit some support around .0015 -.002 if .003 doesn't hold. Long term resistance is probably around the .007 level. I definately will not be holding this swing trade that long, unless a run to .007 in a day looks imminent (highly unlikely given recent activity). I'm more inclined to sell this batch real quick at .004 or .0045, again, given recent downward trend. I could also be holding them for a while.
Still hold the 500k freebies, as well. I don't put a lot of stock in TA for penny stocks, prefer it for the REAL stocks and indexes. Penny stocks are more feel and require more "artistic" interpretations since they swing in price so much and are more hype/news driven.
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