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crusher1

08/19/09 12:13 AM

#6279 RE: tedgoeseast #6278

Goofball, the way this stock trades in a tight range it is virtually impossible to trade in and out of. If you plan on holding for 6-12 months you should be fine. I don't know what your cash position is, but if it were me I would add as much stock as I could comfortably afford at these levels. If you were to double or triple your current position of 3M shares, your cost basis would be in the .0030 range. This stock could easily go to .005 on any steady buying or PR. With a board meeting a wk or so away, we should see some excitement in the stock. Keep posting, and GLTA

wallymac

08/19/09 12:17 AM

#6280 RE: tedgoeseast #6278

I only posted because I read your comment on the other board.

What I was attempting to show you is that personal feelings need to be put aside when trading. By showing you the charts of both stocks you can see how similar the trading is. It was my attempt to show that charts are a very good indicator.

I wasn't trying to show that you were bashing the stock, only that how people perceive things isn't always how they are.

Scalping a stock is very difficult. Scalping is the selling of some shares well holding a core amount and increasing your share count through trading. It's really not for everyone.

Heck, I've been trading pennies for close to 5 yrs now and still am not comfortable with scalping or day trading. Everyone needs to find a style they are comfortable with and stick to it while they learn the nuances of charting etc.

Pucky is in a league of his own. Not sure why he is so offended by this stock when there are so many others that are obvious scams but that is his prerogative.

babeemer

08/19/09 7:07 AM

#6281 RE: tedgoeseast #6278

Hi Goofball,
I also thought about trying to trade about 500,000 of my shares to try and get some more shares. I found that the stock is trading in to tight of a range to do this and there also is not enough volume. Also I dont want to risk us getting a great PR and taking off an not having those shares. If we had a little more volume and the stock was more volatile I would go for. Also this is even more tough if you dont have a margin account because it will take three days for the money to settle before you can buy in again. Also if you were to do this and you sold 500,000 shares at .0027 that would get you 1,350. Then if you bought back at .0024, which may be tough to do you would only get about another 50,000 shares. I personally dont think it worth doing and I also cant watch this stock all day to be able to do this. My advice is if you have any cash that you can put into this just try to accumulate what you can around .0024 or .0025. I dont think we will be at these levels in a couple of weeks. I think after the board meeting we should be around .004. This is all in my opinion and best of luck with what you decide to do.

B