Replies to post #3467 on One Play A Day

[tylersaab]

we dont sell as a group. everyone will have different levels of sells. ill be back later though. ill explain more.

[bdogmike]

Everyone has to pick their own exit point depending on the level of profits they are looking to return or based on the risk they are willing to take.

Selling as a group would inevitably kill the play for a few reasons.

With over 100 traders from this group alone, two things could happen.

1. Limit sell orders: If we all tried to sell at once on a limit order, this would place millions upon millions of shares at a given price and create a wall. This wall would be seen on L2 by many and prevent new potential buyers from jumping in. It would cause the price to be flooded and we would see bids pull back.

2. Market orders: If we all decided to sell at the ask using a market order, the stock would plummet as all orders would be filled in the order they were received and drive the price down as the bid would then get filled. This bid filling would take out all bids sitting in support and drive off potential buyers.

In the end, it just wouldn't be feasible to try to exit over 100 traders at the same time.

We all make our decisions based on personal factors, but ALL AGREE to sell at the ask, not the bid.

[heelsgo1]

Once the Pick of the Day is announced, we as a group, start hitting the ASK. The stocks that we choose here will fly with their lower floats, and the thin L2 set up, so everyone will be getting in at different levels. As we all saw on the first pick, the PPS will fly fast, but there is always profit taking at some point. When the stock pulls back some on that profit taking, many others can then pick up shares at a level that passed them by when the run started. It will be up to each trader to choose an exit strategy, but we do ask that everyone sell at the ask just as they bought at the ask. It will keep the run going, and it will allow for a natural movement rather than a forced movement.

On our last play, I hope many witnessed the many opportunities to buy in lower on pullbacks, and then sell higher as it constantly moved in nice ranges for trading. We don't like anyone in our group to be a bagholder. We are a team here, and we are supportive, so we look for a nice strong close on the day of the Pick, and then continued support the following morning allowing the stock to continue to move. The following day's movement let's the remaining members of the Team get out with a profit.

The Team played MLHP perfectly. The Pick was announced. The Team jumped in at the ASK and sent MLHP flying. It pulled back, and continued to move in a range on the first day. Our Team created the highest volume MLHP has seen in its existence. We saw a strong close on Thursday. MLHP then opened at .0016 and again the Team hit the ASK and sent the stock up to .0026 allowing any of our members left in from higher ranges on Thursday to get out of the stock.

The support here is incredible, the buying team we assemble here is amazing, and our buying power is awesome! I am proud to be associated with this Team!

[tater salad]

playforkeeps,
I love your screename. We ALL have our money invested here. Some uf us will take profits on the way up, buy on the dips, etc. The way i see it is i buy at the ask and sell at the ask. Buy when you think it is a good entry point. Sell when you are ahead. I am a firm believer here, but don,t turn down profit! Personally, i am up on this play and still have quite a few free shares. For a pick that hadn,t traded in a while, WE AS A GROUP, ran the CRAP outta THIS THING! I bought at .0013, sold at .0019, bought again at .0016. I have some free shares now, but i would be ahead 845.00 instead of 278.00 if i had sold all and got totally out. You gotta LOVE THIS BOARD! What a great concept!