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Re: Cutting Corners post# 1604

Saturday, 06/25/2005 6:52:05 PM

Saturday, June 25, 2005 6:52:05 PM

Post# of 33129
'Cutting Corners'

Look at the chart and re look at the chart. That .028 was hit! I just didn't get filled.

I realize everyone is excited and wants the run NOW. I'm just trying to point out what can happen, not will.

If your basing your trades on PRs, then actually, you have many PRs sitting on managements desk before flow numbers of all 3 wells.

You have gas line connection, 600 gal tank completion, 1st producers flow numbers, second wells into production, progress reports on the 3rd well, flow numbers on the 2nd, and I'm sure a few others.

Each can cause a run, continuing the PPs up trend well into the summer. I've got plenty of income coming from this, step by step. Because thats my trading style, step by step.

After trading these types of stocks, I've learned the more the stock preforms, the more MMs work it. And there is alway a point when it stops. If you think I'm trying to influence the price movement, you give me WAY to much credit. Your 200k swing was about my lump tnog size. I'm making a living, not a killing! LOL

All I "wish" is to continue to make money on each step up. As I posted, I'm 3/4 filled and will be happy if I close at my next swing target of .045. If my lump was full I would be waiting for a double. To .065. If it goes down to .028 before .045, I'll close my planed full lump, that's where I'll sell! Simple plan, double the lump, swing anything less.

PS: MMs never cover naked shorts! I know!

Best of luck to all!