Cali...time to move on dude. I think you've made your point. I hear what you are saying. Friday before last, there was a stock that closed at HOD with 188% gain. The board was going crazy with anticipation. As I prefer more of a 'risk management / money management' strategy, my 2 questions were:
1. Where will those getting in at the top find the buyers to get them a profit after a 188% gain and
2. Will those still willing to get in be in high enough volumes to offset the profit takers and short-sellers as volume that day was already substantial (i.e. showing a possible top)?
At the time of my post stating why I personally would not get in, pps of that stock at market's close was .0038. The next trading day pps settled at .0018. By Friday's close it was .0008.
Now DMGM: I don't have a crystal ball...no one does, but again, risk management says that after a 5500% gain, there is huge risk for those entering after that kind of run. This would have to run from .14 to .28 in order for me to see 100% gains. I can get that with the right penny running from .0002 to .0004 with almost none of the risk. DMGM does have the current float size working in its favor though. That and / or a good piece of news certainly can send this higher.
This is the same scenario that play out for every stock in penny-land. Never changes. It's a game of 'hot potato'. You do have to let people make their own choices though after you've stated you opinions.
GLTA....I feel like I cant say it enough....Longs that got in on this early Friday...'SWEET!!! You are the envy of I-Hub". May you find many more such runs in your future.
