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Wednesday, October 20, 2010 2:10:20 PM
In this case, we have to do both. You have to flip and hold. I have shares in two accounts; one in USAA and the other in Scottrade. I use the Scottrade to flip and the USAA to hold long. That way, I play both the interday volitility of a day like today selling out at $0.05 and buying back at $0.0376, then selling again at $0.045+ later today when we get closer to the bell and people pull their pants back up after letting their pipe organ play out during the mid-week trading lull, while all at the same time sitting on thousands of shares in USAA for the day this hits $1.00
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