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Re: stark12 post# 46412

Wednesday, 05/22/2024 12:22:01 PM

Wednesday, May 22, 2024 12:22:01 PM

Post# of 46782
What you say is true, if one is only trying to buy 10k shares. But if one is seeking to buy 100k-200k or more, the cost starts to add up.

Although, it seems like the stock is headed higher, no one knows for sure. So why pay more?

When the stock was at approximately .038 - .04, I had a buy order in at .025. so not sitting at the bid, but significantly below the bid. It took two or three weeks, but filled an order of 100k+. Penny stocks are volatile and there are always sellers, if one is patient.

Buying up to .70, as some here have suggested, could still be profitable, if it runs into the $1 - $4 range. However, building a position of 500k- 1 million shares, on the cheap, can be very rewarding. One could sell at .70, (while others are still buying) lock in nice profits, and buy back in and play with house $$, if it continues to rise.

Lots of different strategies. Doesn't mean any of them are right or wrong. Everyone has to do what works best for them.

In my opinion, if it's profitable (doesn't matter whose idea or strategy it was), then it was a good strategy. That's the benefit of the board, to hear the ideas and opinions of others. Everyone can benefit from that, if they care to.

Good luck!
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