AXGJ looks good again! There is probably still time to get in.
Regarding selling at the ask, I have made much more money since I learned how.
It depends how many shares you have to sell, and the level of demand. On a high volume momentum play, you just set your price, sit back and enjoy.
But if you follow PDC, and MWM, who I think of as very smart traders, part of their strategy is to buy very low volume, low float shells when nobody is interested. The stock is at .002, let's say, and they will buy a few shares every day. The goal is not to load up all at once, because then the MMs will raise the ask. Just load up slowly.
They will do this with 50 to 100 small stocks, putting maybe $200 - $500 in each one. Then they just sit back and wait.
With the reverse merger mania going on, sooner or later their low floater will run. That was the case with FCRZ and METP recently. Then one day they wake up, and one of their stocks is up 10,000%.
It's actually a very smart, and far safer way to play it. Demands patience, and detective work to sleuth out the worthy small float plays.
The Magic board is good for these. I also give Lifegear credit for finding these, and he posts on the Low Floaters board.
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