InvestorsHub Logo
icon url

TradingForWealth

02/14/07 4:21 PM

#112 RE: rocketrice #111

Sorry to here you took a loss but you are correct in learning from it. Hopefully it was not crippling to your portfolio.

I have my share of "educations" so I know the feeling. Two general rules I follow with pennies; 1. Never ever more than 10% of my "penny playing" funds in one OTC stock at a time regardless of the potential. 2. When the volume doubles look to exit quickly on the first evidence of pullback.

The age of the internet and electronic trading has brought a new level to the penny game and you've got to be nimble if you choose to play.

Now I am not a TA expert but from what I see the PPS bounced off the Jan 10 low (just before P&D started). This could represent a new support level based on the "gap" filling from Jan. 10. If it can hold here for three or so trading sessions it may circumvent the typical "dead money" slaughter.

I fail to understand why companies don't put a stop to this type of activety. When "promo machines" get moving the targeted company's should immediately release PR that states clearly their position on any and all hyping. IMHO it would put a quick end to the resulting losses investors realize.