As I too didn’t expect much selling today, (vs Buys), especially into the .0001's from our side of the market, let alone following FFGO’s late yesterday’s 8/K update.
(Which I might add was impressive and detailed to the extent allowed by governing laws.)
At this point in the game, it may not be a good idea to sell into the .0001’s LOL!.
I do expect a few selling into the .0002's or even the .0003's, but certainly not as high as the buys for a while.
But I mean, even if I bought in at .0001's and sold into the .0003's, that profit would be well worth its weight in GOLD, "AS LONG AS" I don’t intend on buying back into the stock any time soon as I exit the game with no further concerns as to what happens in my absence.
OR, to gamble that the stock would tick downwards and I'll buy back in at a lower price. These scenarios are good plays on stocks under certain circumstances.
But if one plans to continue trading FFGO, given recent changes of events, then they may end up in a costly chase to reacquire their positions. (Not that the brokers would mind.wink!)
Buy the way, I DID add to my position after all, but still within the limits of what I can afford to lose.
I’ve also decided, Given what appears to be a change of events here, to hold my position for a while and see where all this may lead.
BUT, if nothing becomes of all this and I incur further losses, then its “HELLO IRS!” Here more to add to the package you’ll be refunding me next year! LOL!
On the OTHER HAND, if this takes off, then rewards will be all over the market place! (Including sales of many big ticket items LOL!)
And the IRS will be a lot happier! (wink-wink!)
LOL!
In the meantime, I look forward for more of FFGO’s trade paintings, among the stock “CLOUDS”!
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