Replies to post #23500 on Kraig Biocraft Laboratories Inc (KBLB)

[TheOcho]

I don't know about many other accounts but in scottrade you have to put a limit order in on OTC stocks. And even then it doesn't allow you to move very far from the current price so I don't know how that could be unless there were stop losses Which it's good to know now that's a bad idea in pennyland due to manipulation. Thanks for that tip whoever said it.

[saintcalvus]

I sold 50k right before the drop and it took 6 transactions to complete while it was going off the cliff. I really think there were a lot of traders with their finger on the trigger this morning expecting a sell off. If you look at the chart history back in September around the time of the CC you'll see a stair step pattern almost everyday with selling in the first hour or so and a partial recovery at EOD. I was riding that and spent the next 7 months averaging down. I've since learned to pull the trigger and preserve profits. I was debating staying in my position after the JN letter but realized a lot of the new and bigger investors probably never heard of JN and/or cared about his opinion, and with the previous day's weird PR I thought this was looking like too much of a pinky so I pulled. I know if we get a real PR in the morning and we gap up I'll have missed that for the most part, but I'm not really expecting anything other than the CC details. I could be wrong, but I can be a lot more patient waiting for another entry point(s) with all that green in the bank safely put away. Bought some in the last 15 minutes so I'm still in the game. I'm almost to the point of having doubled my total portfolio on KBLB so it's been a Godsend.