InvestorsHub Logo
Followers 55
Posts 3129
Boards Moderated 0
Alias Born 03/11/2010

Re: CDM001 post# 7262

Thursday, 10/14/2010 2:37:23 AM

Thursday, October 14, 2010 2:37:23 AM

Post# of 35087
See my post #7294 to basically answer your question.

I will give it some more thought on the "hypothetical feasability of sell/buy at gaps trailing the uptrend vs holding long". I'll also consider when a sell/buy should be considered such as during several up gaps (like we just had). From the gut though, it's a no. Too risky for this stock.

Today we had a spread, in price, of $.0121 -$.0063 = $.0058. For every 1M shares that's $5800.00. Suppose we are at $.25 a share. Just 10% flucuation is $.025. For 1M shares thats a $25,000 swing. Bounces will become more costly. Today's + flucuation was 31.5%. Imagine 31.5% flucuation @ $.25 with over 1M shares.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.