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Dag Sklebebbin

07/07/11 1:11 PM

#18676 RE: Derek2534 #18674

Either that, or I'm such a good trader that I can play with that much money in this stock....
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jn1520

07/07/11 1:16 PM

#18678 RE: Derek2534 #18674

Being too heavily invested is just a matter of opinion. It's all about risk tolerance. Any "smart trader" knows how to set up and follow rules to live by: invest and/or trade based on your level of tolerance. Try to buy low and sell high. You might not want to be in this with "x" amount of shares based on your trading rules, but obviously other people have different views. Also, you're trying classify me as a "trader"...how do you know I'm not long?

I'm simply saying you can't just make a general statement about 1-cent moves not being significant. If you had 10 shares of this then clearly it means nothing, but if someone has several hundred thousand or millions of shares...ding, ding, ding, BIG DIFFERENCE.
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dafuji

07/07/11 1:21 PM

#18681 RE: Derek2534 #18674

Many here got in @ .01 and .02 cents and loaded their boat Derek. I know that you go in at those levels but got right back out to go and flip/risk your profits else where. But if I have X amount of shares that results in 6k-10k dollars or more per 1 cent change, why would anyone risk going elsewhere. You make it seem as if Daytrading is the easiest/ risk free game in the world. Longs here know that this stock will hit at least .20 with in the next couple of months if not a whole lot more. I know you hate waiting to get paid. But I like many longs here don't mind waiting because we know that we are going to get paid.

This isn't you're normal penny stock. How many pennies have you seen go past .30 cents on the strength of nothing other than hype and a paper product? Plenty. this aint the one brother but I too also know that your trading methods along with others here won't affect the future PPS so rock on Derek and flip all you want. I hope you make lots of money but I guarantee you that us longs will make much much more sitting on our asses and waiting for the time to pull out.

GLTA
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tutter18

07/07/11 1:24 PM

#18684 RE: Derek2534 #18674

Let's see how much money am I making setting in a 12 month CD????????
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easyme

07/07/11 1:29 PM

#18686 RE: Derek2534 #18674

That is a very ignorant statement. Any investment is about % return, and for longs it's about having enough shares to really make big bucks long term.

If I invest $10K, for instance, I'll do my DD, and put it where I can get some short term return. In my case, I also look for long term possibilities. If you think big bucks is 'way too much' to put into pennies, talk to the folks who lost their life savings with some of the blue chips that went under.

Any stock play is a gamble; I chose to gamble on plays like OPMG because of the huge potentially large profits. I know most pennies fail, but if you play smart, you can profit greatly.

IMO

OPMG!