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Thursday, April 14, 2011 4:28:42 PM
I was aware about the red announce while the price around 0.0008, so every poster said (don't buy) at this time was wrong because the price up 400% few days later .. they lose me (and other traders) big profits, unless they wanted the price low to buy more.
on the other side, there is no meaning for talking about $50 or even 50 cents per share .. this is simply impossible.
The correct is the trade, buy x and sell y, depend on the current price's range .. posters who are saying (I bought 30 cents and it's scam).. it's your fault you bought 30 cents and still holding, where is the stop loss ?
I bought 0032 few days ago, stopped loss on the 27, re-bought on 0016 , sold again today 22 , now there is no loss .. but I need profits from this stock, so, will buy again tomorrow 17-19, and will sell depend on tomorrow's volume.
what I know, there is a great support @ 0015-0019 , and lots of sale @ 0021-0023 , breaking 23 means testing 40 again .. breaking 44 means 70-80, down to 0014 means wait at 0006.
Simply, trade, buy 0015-0020 and sell what you bought depend on the volume/trend, if like today, you may sell between 21-25, if big volume, you may increase the selling price to 30-40, no more than 40 to be in safe side.
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