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Re: ScubaTrader28 post# 67185

Tuesday, 05/05/2009 4:25:36 PM

Tuesday, May 05, 2009 4:25:36 PM

Post# of 289423
And you know what's worse with flipping now too? To ensure selling then buying you need to sell at the BID then buy at the ASK so at a 0.0005/0.0006 bid/ask you need to sell at the BID of 0.0005 (because it's too hard to sell at the ask of 0.0006) then wait till the B/A moves to 0.0003/0.0004 to buy at 0.0004 (below your selling price). I see this not likely to happen not unless you flip over a couple of weeks and during that time we can not know what will happen with a stock that seems to by building up pressure every day. Yes it could fizz at the end and go down but currently I see flipping down for more shares is a big unnecessary risk. My advise is to hold whatever you have, sleep on it, and thank God for whatever you've got. If you want more shares then buy more without flipping.

GLTA.

Your money, your decisions.