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MrLong

05/26/10 10:26 AM

#31849 RE: holter #31845

I understand what your saying. It's your strategy. However, what if it goes, consolidates and then goes another .10, .25 or so and you're that investor chasing a stock that was a sub-penny today and a few months from now is way up? This is not your ordinary sector imo.
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Starlost

05/26/10 10:48 AM

#31856 RE: holter #31845

Lessons learned. But it's impossible to predict where the PPS will be after a good run-up. All the charting in the world will never reveal this. In this case, CBAI nearly broke through .02 on it's last major run just before the grand opening. When it peaked, nobody, and I mean, NOBODY, ever thought it would retrace to .006!! I think most of us were expecting this to go no lower than .009's and hopefully stay around .01. If I had sold off at .019 and bought back now, I'd be a very very happy man.