Wednesday, April 18, 2007 12:12:20 AM
as everybody is throwing their opinions out on flipping and specifically on flipping ALRY, I'd like to add mine...
Flipping is par for the course when trading pinks, we all know that. ALRY is a little different because it is one of the few Pink stocks out there, that actually has the potential to stay the distance and pull itself out of this shark infested arena...
I dont see flipping ALRY as a problem per se, but if there's sufficient volume and momentum to flip it, pick a realistic exit point based on the way the stock is trading and sell at the Ask... it's just good manners, make a few bucks but dont sabotage the stock price by panic selling on the bid and giving the MM's the opportunity they need to walk the price back down...
Cheers, J>
In Remembrance of Joe Bresler, former C Sqn (Rhodesia) SAS, good friend, sorely missed. RIP Joe
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