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Re: milkman2 post# 3256

Wednesday, 05/16/2012 8:54:05 PM

Wednesday, May 16, 2012 8:54:05 PM

Post# of 21289
Correct milkman2. People that are new to this have to realize that it is not about the daily ticks up or down but where we are trading at say in a week.

Today we saw a classic scenario that we saw in SNP%. We literally had a straight line down and I mentioned last night for people to not get frazzled about that like they did in the past Promo. Those dips are a large sell followed by MM's bringing it down lower and taking out some Limit orders and then we have those that panic and also sell. As soon as the three are done it moves back up as we saw.

We also have to remember this ran already some 600% from the .20 range in April. There will be some selling by those that are in from much earlier levels and that is expected and actually healthy for us to move forward.

Then we also have to remember to not buy into the comments we read that "The sky is falling", "There is no Bid support", "Get out now when you can" and so on. Do NOT panic sell based on those comments.

So in the end what can we expect here with GWBU? I have said this numerous times and will stick to it. I truly believe being we started out much higher here yesterday that we will not see the 500 or 700% gains from yesterdays level like in past Promos that started out much lower. STILL, be realistic and lets shoot for the $3.00 area or so which would be 100% for many. Could it go higher? Yes. But I'm a little more conservative and also with what I post for the newer members out there. Many lost in past Promos and if they can make 100% here that is awesome andit is realistic.

We will have Red days. No Flag should go up with that. No other Promo was Green each and every day and there is no reason why anyone should expect GWBU to be Green each day. What matters if where we are at in a week and not the daily dips and spikes.

The best to all!
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