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Re: ottoman post# 947

Wednesday, 06/08/2005 10:50:32 PM

Wednesday, June 08, 2005 10:50:32 PM

Post# of 33129
ottoman

I've sold several buys which I purchased at .014, .011 & .011, into this mini run, MMs have shown they want an accumulation channel between .014 & .018, so I decided to grab my profits for my swing buys now and buy back when it hits .015 for the next MM play.

I continue to hold my original lump for the major run, and swing trade the MM play in between. I do this most of the time I get board waiting for a profit sell target.

It's part of my style of trading and my plan when I first bought TNOG. I don't buy one big all or noting lump when entering a new stock. I try to take the over all money I plan to trade with and divide it into 3 buys.

The first is 50%, second 25%, and third 25%. That way you can sell out at different levels if things don't go where you expect, or sell it al at once when your original sell for profit target is reached.

If the stock retraces real far, and I have some extra cash, I start buying swing trade buys, that's what I've been selling, for 25% profits or better.

As for multi bagger, you missed it, TNOG was 10 times cheaper 3 months ago. And not event god can tell you who else may do that!