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Re: bloodhound99 post# 108

Saturday, 04/02/2011 4:55:19 PM

Saturday, April 02, 2011 4:55:19 PM

Post# of 1282
The way it traded, big blocks being bought, sometimes there's a chance if you see big block trades like that it might have a tendency to move up, just an opinion of course and it's a method that don't always work, so i took a position to see what happens. Sometimes with pink sheets and over the counter stocks if you see big block trades it makes me want to keep an eye on them to see which way they might trend, in the past i have noticed that with a few then with some they would happen to get pumped through a newsletter or promoter. That's why this particular strategy i'm using with this particular stock is high risk because it's only my opinion and these things can be very volatile but also i was lucky enough to be into GDGI, ALZM, and JAMN before they were pumped but missed out on some of course trying to go by that strategy but that'sd only one way i play stocks so i don't actually use that strategy often. I more less news, pump and dumps, rumours especially with fda stocks try to get in at a decent price because of possible fda approval and some will have a trend upward until the decision and of course if it gets denied they tank but if they get approved it moves up somewhat but i don't even take that risk if i have a fda pending stock i sell off right before the pending decision and could care less because most either do not get approval or when they file it comes back with some type of discrepancy or paperwork that will have to be resubmitted so it goes down either way, that's another strategy, then there is another strategy that you will see probably come Monday, WSHE, it's kinda been a dormant stock with not a whole lot of volume, i just got an email from a pump newsletter and when they send that out and it brings major volume to a stock that doesn't have a whole lot of average volume and it gets 10 or 20 times the volume in a day, my guess is unless they dilute right from the start of the pump it will double or triple from it's current price of .0225 but i'm not in that one so i'll have to pass, but that's a couple of the strategies i use, a run-up, pumps, but mainly playing news in penny stocks.
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