READ THIS. Why I am holding
I've played APS and PPS for 2 years now and have made BIG money with them, i wont lie i also lost money on my early days but mainly because i was trading based on what others say... so how do i know when to get out and when to buy more?
- Look at REAL TIME Level 2 quotes. Right now there is a 2 million share brick wall killing every short attempt AND giving confidence to traders like me who are TECHNICAL.
- Read the charts. Draw a trend for the last 6 days on every lowest point and you will see an UPWARD TREND here... this means the SUPPORT IS GROWING.
- All this selling you see now is actually good because it means we're shaking off the people who are not trading. People who are selling now are the ones who don't daytrade or trade based on emotions, OR don't have access to real time Level 2 (i couldn't on my previous job)
Having said that, once all the sellers are gone all we have left is the LONG HOLDERS like me who, based on previous APS and PPS promos know that APS is not happy until they reach 300% from their promo price.
The first email i got from APS for XUII was at 0.31, 300% of that is $1.24. That means MOST people like me will sell around 1 dollar because it's also a round number, therefore "mental" resistance.
As long as we see a 2 million brick wall on the BID i recommend to hold on to your shares... you will thank me in 2 weeks when we're at 90 cents!
