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PennyStockTrader2

08/24/21 5:38 PM

#53743 RE: Snoopy19 #53741

that was a nice profit huh. Thing is, nobody knows where the price will go tomorrow or next week or month, so a great strategy is to take advantage of decent price swings like 50% + or -, with a vision of where you think it might be going along with consideration of the risk both short and long term. Right now at 4 bill shares outstanding, each penny is a 40 million market cap, that is no small chunk of change, my point is that the stock can get overvalued very quickly, and some on the board will say it is way overvalued, so I rather would take some profits and buy back at lower prices if they decide to go back, and in fact I already did start doing that buying again at .0384 and turned around and sold it at .046. It's tricky and time consuming to do some of this but on decent % moves if you sell or buy enough, it can be worth making a grand here or there, it all adds up over time.