gm 'Sunnybank' >
You now own 5M shares at a cost of 0.0001
When you see the price of the stock start to climb,
you will need to decide what price you want to sell them at.
That price can be decided upon based on two methods.
#1. Your price that you want. (ie, a double, a triple, etc).
#2. Use of "Fib" targets. (See the iBox under Elliott Wave).
Important:
You will never go broke taking a profit !!
So, if your stock goes to 0.0003, 0.0005, or, 0.0006,
consider selling right away !!
The "Buyers" of your shares, can be individuals like yourself.
They believe the stock will climb.
If you are willing to sell your shares at say 0.0004,
there could people who want to Buy at 0.0004,
who missed the opportunity to get in at 0.0001,
who feel the stock has the potential to go to higher levels,
so they want to get in at 0.0004.
It's that simple.
Also, there are traders that are looking to "Short" the stock,
as it is climbing.
They believe that the stock will hit a price that is
unsustainable, and will fall.
These traders stand to make their profits as the stock falls.
My advice,
is to not wait to try and sell the stock at 0.001
That price is a possible target that could very well get hit,
but, that could be the Ask price, which may only be met by a trade of say, 100 shares, for example.
What you want to do,
is to try and capture your trade somewhere in the middle,
where the highest volume of trades is taking place.
So, if the volume is "very big",
say 75M shares or so,
Sell while the price is climbing.
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