To help out MPEETS,
The length of a trade really depends on your intial parameters before you even buy the stock.
You have to KNOW what type of trader you are FIRST and FOREMOST.
Are you a fundamentalist or are you a technical chartist?
I myself am a chartist.
I bought BBDA based on a weekly formula that pulled the stock up a few weeks ago and based on those parameters I am sticking to my weekly charts in regards to a sell signal. (p.s. haven't gotten one yet...don't expect one for at least three to four more weeks.)
If you don't know what of TRADER you are...I'd advise trading in very small amounts until you can figure it out. Figuring it out will costs you a lot of money. My education has summed up to be around $150,000 over 17 years...hopefully yours will not.
This in my opinion that BBDA is not a classic pump and dump...for multiple reasons.
Reason #1: PENNY STOCK web sites haven't marketed the HELL out of BBDA...how do I know...I subscribe to their newsletters and emails. To avoid these type of stocks unless I am looking for a quick bite.
Reason #2: BBDA as mentioned in another post actually has products to sell that are tangible and are making the company money. So many penny stocks have nothing but an idea or a scam of an idea.
Reason #3: Over 1 BILLION shares have traded on the company in the past two weeks. VOLUME doesn't lie.
I can go on and on...but if you don't know when to buy or for how long...you really need to educate yourself in all aspects of trading, especially in penny stocks.
My advice is if you don't have enough money to trade in high quality stocks like APPLE or the like, then stay away from WALL STREET altogether, because you will get burnt!
GEORGE
