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The Real Titan

02/01/08 7:48 AM

#26579 RE: Lex_Luthor #26575

Thats exactly right and the point I kept trying to make because this is how I normally play. Without trying to promote another stock, I'll add that when I played IAHL I got in at .045 and simply waited for the initial run. Once it started moving, my Day Trading/Flipping game was on. I rode it to .12 and sold on the first hint of weakness, then jumped back in at .057 where I felt it was getting support. Then I rode it back up to .09 and sold again and well you get the idea...lol


So seeing a million shares traded won't necessarily concern me, for now anyways. Soon, as you say, these shares are slowly drying up and IMO will soon be much harder to come by. And those hoping to flip, or day trade, will be forced to pay a much higher premium for the shares they want to play with.

So as the float starts being consumed by the true longs, then its likely our volume will come to a crawl and most day's will see under 100K.

But this is also dependent upon the type of interested generated in the stock, based upon current events and future earnings. Good news will move the stock up, but finding sellers will likely become much harder.

Good Luck!