InvestorsHub Logo

Big daddy wags

01/13/18 12:26 PM

#70312 RE: Echo20 #70310

I was going to. First saw mvtg after it had fallen to .30 from .75
Followed it a few weeks and watched it bounce around between .25 and .30 so I figured I would get in the next time it dropped to .25 or lower.
Well it dropped to .20 pretty quickly before I had the chance to buy in.
So I watched some more and it started to bounce around between .20 and .25 so I set a new target and thought perhaps I could grab some on a dip below .20 like .18 or .19 when the bottom fell out of it and skidded down to 10¢!
Obviously I quickly realized that this had taken a serious nosedive from .75
But the drumbeat was there that all the retail shares were “locked up” and we were ready to lock and load for the ride back to .30 and then to .75 and a dollar anytime!
Now I’m nervous about the prospects but figured, you know what? I could buy a few hundred thousand shares at .05¢ for not that big an investment so I put in an order to buy at .05 figuring, if it got all the way down there to .05 great! I made a great buy at the bottom. But if it started to move back toward .15 before it hit .05 I would catch it at .12 or .13 and still be at a great entry going back up.
Well it dropped fast toward .05
I got nervous! Killed my auto-buy and
watched it fall to .02
Other than the 2 quick Spikes above
.25 it been floundering between.004 and a penny for a long long time.
Just happy that my instincts were right! Almost plunked Down 40K!
Nightmare on elm street, right?
Anyway that’s my story on mvtg!