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Re: drjohnvito post# 6428

Wednesday, 01/19/2011 10:14:13 AM

Wednesday, January 19, 2011 10:14:13 AM

Post# of 13573
The stock price will depend on how big the earnings are. Small earnings, maybe .10 really surprising earnings maybe .25. Multiple reports of positive earnings would also increase the stock price. I can't speak for anyone but me, I always put my sell order in as a "limit" order when I am selling a "Penny Stock". If GLEC went to $1.00 and I wanted to sell some shares I would put in a "limit" order at $1.00. If no one wanted to buy at $1.00 then the order would not fill. Then I would have to decide whether or not to reduce my "limit" order price. As I have said before, my "Sell" decision will be based on direction and volume. If the price is trending up and the volume is substantial, (several million shares per day) they I will probably hold.