Replies to post #11540 on Universal Energy Corp (UVSE)

[mimurray]

Ya know what Ben...you are correct, you would have had twice as many shares if you had dumped them all at the .039ish area but I think the way you played it is the proper way to do it.

I never sell my entire position when I'm flipping a stock because you can't count on seeing a pull back as far as this one did.

I've taken bigger hits than the one you missed by not selling all your shares because I flipped out completely and then the stock I was trading only pulled back a little bit. It was more of a head fake. So I gave up making even more profit off of those shares I already had at cheap prices.

Not trying to tell you how to trade but if you look at the percentages I would say it's way better to hold on to a portion of your shares when your flipping in case she turns right around and starts running again. Of course if your intention is to exit the stock for good then what you did would have been the prudent play.