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THREE-DAY-TRADER

04/18/16 7:00 PM

#135 RE: MovedOn #134

I've said all I want to say that is necessary from me about FPVD in past posts, so see those posts also... It does have ongoing dilution risk as a problem haunting it, but that does not mean you can;t trade it for short term swings. I do not think that brokerage quoted the outstanding shares correctly. Often it is hard to know exactly # of shares outstanding wiht companies like this that have dilution as a constant thing. I always assume stocks like that have convertible notes diluting it anyhow and assume there that the shares # are higher than latest website quotes, but simply play the charts and look for oversold reversals to play for 'short term trades'.

And just apply a short term quick trade strategy on this when ever you would enter it, and don't get caught being a long term bag holder. Just a good rule of thumb with any stock that doesn't make a net profit including nearly all OTC penny stocks; Just treat them as short term trades.

At the moment (April 18) daily chart showing stability, so if one bought in .04-.05 area now to speculate on a break out higher, then treat it as a short term trade (and not investment) by taking a profit if you get one in near term, but also have a stop-loss area threshold where you will not tolerate a loss beyond a certain point, just in case this stock fails to break out higher from here and would resume into its down trend.
Additionally,
apply a good risk/reward strategy. Don't over risk too much $$$ at once on a stock like this, but have enough to benefit from any % upside that might occur later in short term.