Mike Lindell Media Corp (MLMC)

[andrius]

how many high volume stocks on that board have made it sub-penny to a dollar without a RS? I can't think of any. Know its happened before with small shell companies that had almost no float. But .02 stocks trading 1/2 billion volume a day? NONE.

As far as expecting a 10 bagger... You can get there QUICKER and SAFER taking profits along the way. Just look at the last drop.. Say someone saw the big news awhile back and bought 1M shares .005 for $5k. Lets say they got lucky and dumped .015 for $15k. Then watched pullback and bought back .005 after it bottomed. This time 3M shares can be bought instead of 1M. Now stock back up to .0185. That original 5k right now would be worth over 55k. A person trading in an out could already have an 11 bagger while someone that didn't sell would still have to wait for .05.

If one has long term goals I wouldn't suggest selling everything at once trying to time the top but position trading here would make a lot of sense to maximize profits and help avoid a potential disaster. Why not sell 1/5, 1/4 or 1/3 position when a stock makes a big move? If it doesn't pullback and makes another big pop why not sell another portion? After extreme moves stocks always come around the other way and its stupid not to take profits along the way IMO Nothing wrong with using good money management to help yourself maximize gains and limit risk.