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Re: tyraid post# 56

Wednesday, 09/07/2005 9:41:59 AM

Wednesday, September 07, 2005 9:41:59 AM

Post# of 1311
No stock goes up forever.

So I don't know what you are driving at. Of course there will be a time to take your profit, and it will depend on your own personal trading style. Like I pointed out, some will take it at .06, some later. Yes, I remember MXDY and PLKC. I was in PLKC during its Jan 04 spike. That was a pure momo play, as there was NO news when it did that and it was based somewhat on a St***.com recommendation. It did sell off but returned and peaked again in the mid-teens. That company switched business plans when the local yokel CEO finally realized that the average Joe wasn't going to sign up for personal internet-based GPS tracking. That is when everyone bailed and sent it down to sub-penny status. It was a stupid move on the company's part and showed the market that they really didn't have their act together. MBAH I haven't followed up on to see how they developed their plan, so I can't comment on the decline.

I could go point out a basketful of stocks on the Dow that go up and then go down. I'm not going to go into the physics of why a lot of people like this stock on a technical / share count basis. If you want to sell at .06 great. You'll have a profit. No problem there. No such thing as a bad profit. You understand that your position on this is more of a daytrader mentality, even though its a longer-term view.

There are a lot of books out there that explain long-term basing, and what happens when a stock breaks out above its averages. I'd have to defer to those at this time.

With regard to the share count, the 26M I mentioned included the Prestige 8M. To make it even more clear I will post a corrected version of my post. I should have clarified that. I knew someone would ask me to confirm that 26M shareholder group, but it is not my business to identify them, if they won't do it themselves. You can choose not to believe me. In fact, even if it's not true, the float is still much lower than PLKC, MBAH or any number of other stocks that moved in the past.

Hope this helps.


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