Wednesday, October 31, 2012 3:46:08 AM
At this point I were a bagholder I would stop paying attention to what the company is doing and watch the stock... And the generally psychology o this board... If everyone Is lookin for .02 to get out then chances are this thing will hit a serious wall and start slowing down the closer it gets to .02 as frustrated holders anxiously get out prematurely of their .02 mark just to lock in some kind of value..
That's what I did on the last run.... Everyone was watching and waiting for .02 then when it hit .018 I started selling chunks of my 1.6M position... I'd sit on the ask in line with everyone else and watch the bid creep up to where I was comfortable with the price and volume then whack the bid and dump a chunk... Lock in profit... Then sit on the ask again and repeat the process till I was out.. Every now and then I would get slapped on the ask but I wasn't waiting for it... Could tell the window of opportunity to get out in the green was closing fast..
Some might hate me for that others my say good job... In the end it's all about being in the green at the end of the day...
Remember it's nothing personal... But in order for someone to sell and make a profit someone has to be willing to buy and take the burden of risk...
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