Mike Lindell Media Corp (MLMC)

[mimurray]

QT....I didn't say I was taking anything off. But I will say that I have been trading pennies long enough, including this one, to know that it is just plain foolish to not lock in profits soemwhere along the way.

These stocks are just WAY to volatile to treat them any other way. They are in large part so volatile not because of what the company is doing, but what the traders that are playing it do.

GnF or any penny stock offers multiple opportunities to take profits if it reaches a peak and then begins to drop, All one has to do is wait for it to level off and then buy back in. I have done this on any number of stocks with great success.

I don't know of very many penny stocks, if any, that it makes sense to just simply take a long position and sit on it. In most cases those people become bag holders and spend a lot of time thinking "If I had only sold some when it got to .XXXX"

I'm not saying that this is a stock that should just be flipped over and over but when you are up a decent percentage it is just plain foolish to not secure some of that money.

That is my style and I'm not saying that everyone should follow suit. But using this style has greatly improved my winning percentages when it comes to playing pennies.

GnF seems to have their act together and having CC on board certainly isn't hurting. But CC could pull the plug at any time and if that happens this stock would plummet. A person would feel pretty stupid if that happens and they hadn't taken advantage of locking in profits when they had the chance.

I generally use a 50% rule. Once I am up by that much I take half off the table. That is not to say that I might not reinvest should it pull back to a level that is previous support and then start the whole cycle all over again.

Most penny traders I believe, would tend to agree that this is a fairly sound way of trading these.