Saturday, January 09, 2010 12:46:53 PM
The stock has been rising and falling 2 out of 3 days.
Just look for a large rise and sell like what happened on both 1/7 & 1/8.
Both days the stock rose to $12.95 & $13.00 then you wait for the initial fall of around 2-3 cents and then sell.
The stock then falls $0.50-$0.70 per share and you buy back in, increasing your share holdings depending on the number of shares you had to start with.
Just make sure you do not use unsettled funds when selling the shares to start with.
But if your shares are settled you can sell and rebuy back in but then can not sell for 3 days until the initial sell is settled.
One way to beat the system is to only sell 1/3 of your initial investment and buy back in. That way you can do it every day without any violations to the SEC rules on a free ride.
But make sure before you start your sale that there is NO NEWS comming out on the refinance or anyother good news which will propel the share price without a drop back later in the day.
The time frame to sell is usually between 10-11 EST and the buy back time frame is usually between 12-2 EST.
Hope this helps you to increase your share for the really big kill that will happen when this stock gets out of BK and the share price rises to 37-60
Just look for a large rise and sell like what happened on both 1/7 & 1/8.
Both days the stock rose to $12.95 & $13.00 then you wait for the initial fall of around 2-3 cents and then sell.
The stock then falls $0.50-$0.70 per share and you buy back in, increasing your share holdings depending on the number of shares you had to start with.
Just make sure you do not use unsettled funds when selling the shares to start with.
But if your shares are settled you can sell and rebuy back in but then can not sell for 3 days until the initial sell is settled.
One way to beat the system is to only sell 1/3 of your initial investment and buy back in. That way you can do it every day without any violations to the SEC rules on a free ride.
But make sure before you start your sale that there is NO NEWS comming out on the refinance or anyother good news which will propel the share price without a drop back later in the day.
The time frame to sell is usually between 10-11 EST and the buy back time frame is usually between 12-2 EST.
Hope this helps you to increase your share for the really big kill that will happen when this stock gets out of BK and the share price rises to 37-60
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