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Saturday, April 30, 2011 12:31:24 PM
hey guys this is a serious post, i am an intermediate investor and a beginner in penny stocks
i was hoping for a PR early Friday as i will be out of country all next week (will bring laptop but will be limited to about 30 min a day)
so that said, is this an ok way to play it in your opinion:
i put a sell order to sell 1/11th of my shares when it hits 4 cents (i am assuming this will hit at least 5 cents upon a PR).
This will allow me to break even and i will still have 100K shares on the house to hold long whatever happens.
Is my assumption reasonable and is this an ok strategy or would you sell more shares at a lower SP
Ultimately i do believe in the company and see this going to a dollar in the long term so I want to retain as many shares as possible...
Thanks in advance!
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