..an excellent post IMO... (by dreamrchaser) i'm a recent new-comer to CMKX holding 24Mil. Shares and found this post helpful to me to keep things in prospective. ...comming into the wonderful world of OTC Stocks after having my nose bloodied up pretty badly in the Futures Markets ussually finding myself drowning in commissions (from the more conservative approach) or giving back all potential high-gain profits in the intoxication of my greed, I've now learned a better appreciation for suggestion of leveling the playing field w/balance. GLTUA!!! jmichael7 .......was posted this past Wed. anyway here it is again in case anyone missed it....... Posted by: dreamrchaser
In reply to: A deleted message Date:5/5/2004 8:05:53 AM
Post #of 4367
CMKX-Canceling Your Sell Orders Logic…
Please understand. I am not telling you to hold without any intentions of selling. I’m simply saying to be careful to not sell to early, especially on the first day of the run because there is a good chance that you will regret it.
You should have a window of opportunity to sell at much higher days than what you will see it close on the first few days due to continued growth of CMKX in my opinion. You should have a window of opportunity for the first major run of 2.5 to 10 days to determine when and where to set your sell orders. I recommend having a position to trade and a position to hold for your long term position. It will depend on further news into the run.
What you see in CMKX at .0001, some won’t see until it hit the pennies. They will be mad because of you mentioning that you are selling while they are buying. To keep the peace, consider keeping such thoughts to yourself. None of us like to hear things of that nature. Both parties should just understand and reframe from such debates that might try to formulate in that arena.
Take QBID as an example. I was locked and loaded at .0001 cent with the bulk of my position. Then once the bid had strengthened up and the run had finally begun, I “called the puppies out the woods” and bought all the way up to .0004 cent(s). Those who had chosen to be conservative in nature sold for profits on those days that I was increasing my position. I stopped my buying at .0004.
Observe what happened the days of the initial major run for QBID (more info at the end):
Day 1 – 2 Feb 04
Opened at .0001
High of .0004
Closed at .0004
Day 2 – 3 Feb 04
Opened at .0004
High of .0004
Closed at .0002
Day 3 – 4 Feb 04
Opened at .0003
High of .0004
Closed at .0003
Day 4 – 5 Feb 04
Opened at .0003
High of .0008
Closed at .0007
Day 5 – 6 Feb 04
Opened at .001
High of .0015
Closed at .0014
Day 6 – 9 Feb 04
Opened at .0015
High of .0029
Closed at .0023
Day 7 – 10 Feb 04
Opened at .0032
High of .0036
Closed at .0013
It closed in the red because although the news was not bad, it was not good on that day for QBID. It mentioned their share structure, but said that the launch was not until May 04. This caused a sell-off with people saying to themselves that May is a long time away so come back to play QBID again later as we approach May 04.
Some did not understand why I was telling some to consider selling in the .003+ range while telling others that QBID was still a good buy, but I would wait to buy back in later. Some bought anyway at the .003 level in chasing it. I still told them that they would be fine though, but to remain patient. I recommended moving some of those profits into CMKX because CMKX presented the opportunity for larger percentage gains while at .0001 cent. Those who elected not to do and remained in QBID still done well as you can see.
Although I did not like QBID’s business plan, all money is green and we trade for the green. If you start letting your feelings get involved, I respect such, but you will probably miss out on many opportunities. That is your choice and again I respect such. Just as respect is given to those for not trading QBID, the same respect should be given to those who elect to trade QBID. We won’t re-write the Constitution here in the Classroom. Some might have the same feelings about diamonds for all we know.
Consider too, today QBID is at .0144 cent(s) and had hit .028 cents a few days ago. So with putting things into perspective, by all means sell. I am just recommending taking the risk and don’t take the conservative approach on CMKX as many had done so quickly with QBID.
I am also saying to don’t just hold on to everything forever and never take profits. All I had tried to do, as I had done with others, was to provide you with a stock to buy with an opportunity for huge gains.
It will now be your responsibility in knowing when to sell and at what prices. So please, if you are buying when someone else is selling, don’t take such personal. Freedom of choice does exist in the market.
Keep in mind, some people like holding investors feet to the fire if things don’t happen on certain days that might be projected for gains. Take the step back. Realize that none of us here work for the company. Yes, I have discovered some very powerful things that if everyone knew, they would increase their confidence into CMKX.
However, I am not Urban Casavant. I cannot read his mind or know of his plans in any details. I still too do not work for CMKX. So when they are going to officially inform the shareholders of key achievements, events, etc, is up to them. All I can tell you is to take the risk to be locked in ASAP. If it doesn’t happen today, don’t panic and get discouraged. The time is very close to where many of us will become prosperous with CMKX in my opinion.
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