Wednesday, August 07, 2013 2:08:10 PM
I did the math and I still think it's NOT the greatest trading stock out there....unless you're clairvoyant and you may be that. Here you had a stock that went steadily down from cents to a fraction of a cent over a period of months. I saw no great trading opportunities...and those who guessed at bottoms...well, they most likely got stopped out.
Then there was a VERY TINY window of opportunity. But how can that be predicted? Only those with inside info in advance know. Most others can't anticipate a guy showing up right on the news with his crew and buying on the open at .002 and probably dumping moments later at .008. That window of opportunity lasted as long as a soap bubble, then it sold off the rest of the day.
That's great in hindsight and in 'woulda shoulda coulda' land. So theoretically you are right. Great math there, yessireebob. Wonderful trade for those 'smart' traders who bought low and sold high to suckers in the first frenzied moments of the open. For the rest of the mortals, they were saddled with losses. Too bad for them. They weren't 'smart.'
Great trading stock, though. Yeah, sure.
Then there was a VERY TINY window of opportunity. But how can that be predicted? Only those with inside info in advance know. Most others can't anticipate a guy showing up right on the news with his crew and buying on the open at .002 and probably dumping moments later at .008. That window of opportunity lasted as long as a soap bubble, then it sold off the rest of the day.
That's great in hindsight and in 'woulda shoulda coulda' land. So theoretically you are right. Great math there, yessireebob. Wonderful trade for those 'smart' traders who bought low and sold high to suckers in the first frenzied moments of the open. For the rest of the mortals, they were saddled with losses. Too bad for them. They weren't 'smart.'
Great trading stock, though. Yeah, sure.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
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