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Rainman21

12/07/09 3:55 PM

#21155 RE: elysse1kittycat #21151

1+1=2 if the MMs let it =2...youre 100% correct in that logic can go out the door with stock price fluctuation for the next couple months

we have an excellent company with big time potential, but rhyme and reason won't be in this stock for some time....the MMs control the price movement, they pull it down to acculation levels, then let it go up to what has been somewhere in the 20s before cashing in.....its been going on all year....I dont have hands on knowledge of this, but lets face reality of the stocks behavior over the past 15 months

the day will come when volume supresses the MMs, but we're not there yet...and to go along with the MMs, the stock has got a lot of day traders in the mix...the buys/sells are low vol tickets....when we run, the resistance ladder will be tough with the ammount of people planning on cashing it on every penny increase

for now, be patience, and read the stock behavior, its got a lot of accumulation going on at a pretty sturdy support of .10.....im just curious how far up the MMs let it runs when they do...with the publicity and IND, it could see 40 -.50 in my opinion....the dollar prices that some people talk off are years away though, don't kid yourselves


all in my opinion..
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smurfgizmo

12/07/09 6:42 PM

#21156 RE: elysse1kittycat #21151

My trading strategy is that more of a swingtrader. I am not fond of the daytrade as i believe it hurts the market and have lost more trying daytrades than i ever had by swingtrading and i usually will try to keep a foot in the door if my profits allow me to do so and go long term with the stocks i like. I strive to make at least a 20-50 percent gain on most of my trades but usually will get out if a 25 percent loss has been taken because it indicates the stock just won't move without a miracle. Signs here pointing down quickly with a slim chance they will turn this around anytime soon after todays dismal results. My trades are part of my monthly and quarterly income and i don't have years to sit twiddling my thumbs and hoping like some investors do. Either a company is a hit and everyone wins or a loss and i move on and i am choosing the latter for this stock. It has almost no momo even with good news and things are looking rough as far as the approval that would make this pop nicely and make all of us long or short any real money.