I'm waving - where are the Mai Tai's??? What a rip...I've been robbed - another pennystocker foils me again. :) j/k
Related to EVSA, I think I played it pretty well - I'm still learning Penny stocks, which are much different than any other type of investing trading I've done (definitely a long stretch from Baby Birk and Mutual Funds). In this game demand is great, but you have to have compression as well - The stock has to settle and build-up momemtum for another run. I've been reading up on MM's and after a run - they have to make their money back. They do this bo spreading out the bid-ask price, etc. - so with EVSA, I played it, I think 2 days, but by that point everyone in the stock had flipped hands, a lot of greenshoots, and MM's were driving it down to get profits back. At that point, I usually bale out for atleast a week - keep checking to see if steam is building back up - but that usually takes awhile. I may be wrong, but EVSA seems to have really fizzled momemtum. You have to kinda go with your gut, I'll send you a tex when I'm getting back in if you want, it shouldn't hurt you, I'll probably only play it 1k or 2k to play the movement.
There's this psychological thing that I have to overcome that when a PK bouces for a week, I think it will continue and I'm almost disappointed to the point of trying to make it move by trying to get back in - WRONG IDEA. MM's are too powerful and they'll make you look like an idiot. Next time I'll just give the money to BJT and tell him to buy fireworks with it, because it would do me about as good. EVSA might have a few jumps, but Volume isn't there yet and so the "closing price" can be misleading both ways - sure it goes up 40% because someone bought 20k shares at the close - big deal. That's not a true picture. I'm standing @ arms length from EVSA and a few others right now to keep my capital flowing and growing rather than sitting and shi..... well anyway - you know what I mean. (btw, that's a good line, I should copyright that...)
I missed the RGNO run - didn't have any capital, but I suspect it will bounce around tomorrow and maybe the next, but I doubt it will be much to write home about this next week and it'll probably settle for a few weeks after that. Friday was the play day, and if you miss the ride, you gotta wait another round. Just my thoughts. I think EVSA needs some time to build. Just check Dragonfly and Penny_Ta's boards - they have a good handle on what's about to pop based on the things we've already talked about. Why go crazy when they can do the research for you??
btw, you guys pray for me - the Wife is making me watch Romeo & Juliet (leonardo DiCaprio and Claire Danes style). Marriage is a wonderful death...but atleast I'll get some afterwards... :) My life is awesome right now btw. Everything is going great - I'm taking some of my profits and buying a Metal Canopy Bed - Gunstock finish - Ikea meets Pottery Barn, so all is well in the Cooper house. You have to let you wife partake of some of the earnings and then they will be Full-board wanting you to keep trading. Just a freebie...
Remember the Widows and Orphans.
AI
