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Re: Blue Sky Basin post# 97639

Tuesday, 02/14/2006 12:51:49 PM

Tuesday, February 14, 2006 12:51:49 PM

Post# of 286374
Blue Sky - As you venture into penny land my suggestion would be to not "invest" anything you can't loose. The volatility of these stocks is incredible. If bad news hits they can go bust faster than you can get a sell order executed. If the right kind of good news hits and you don't already have a position you might find yourself chasing it up and not catching it at the right time. Everyone has their own way of doing it. IMHO with your avg pps in GZFX you can't hardly go wrong. A lot of people bought a lot higher than you and are way red right now. If the pps drops into the 7's again you might think about avg down and buying more if you have the cash - but beware that if the CC deal falls through this is likely to drop into the cellar. You have to decide how much you are willing to risk.