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Re: PinkElephant post# 4404

Saturday, 02/10/2007 7:33:49 AM

Saturday, February 10, 2007 7:33:49 AM

Post# of 51429
PinkElephant to some extent I share your style as well, but use a different approach. I separate the "long-termers" vs the "short-termers or the flippers" when trading the pinks. Only using a small % of $ for flipping moves.

HMGP is clearly a long termer, although I did trade HMGP recently and was able to get back some seed money and increase my over all amount of shares slightly, HMGP remains a long term hold. I will not play or flip HMGP rather I'll set long term PPS targets.

Now RGNO...that is another story and after yesterday..I understand why I will flip a certain type of stock when the trading environment is right. But is a very small portion of my overall approach....if successful it provides me more gun powder for next day.

Kels

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