Replies to post #1387 on Triple 000 and Sub-penny Chart Plays

[trader53]

BBDA 0.0009 Chrt >

good morning 'TLR1",

I noticed this one also.

BBDA has now had 2-days,
of back-to-back gains.

The RSI at 87.69,
shows that the stock is over bought.

Buying the stock at 0.0003 or 0.0004,
which was under the "key-support" of 0.0004,
was the correct place to Buy.

Rule #1 is:
Buy them when they're down,
Sell them when they're up !

Unfortunately,
BBDA has already had its move !

To make money in stocks,
you need to be Pro-Active,
NOT Re-Active !

This means you need to Buy
when a stock is NOT Hot !

Buy before the move-up !

Buying a stock after the move-up,
only "increases the risk" of owning the shares,
because, they are now vulnerable to profit-taking,
by the ones who got in early,
before the move-up happened.

To answer your question,

Can the stock move higher from here?
Absolutely !

The "wise trader"
takes profits when they are handed to him,
and Friday was a day for profits to be taken,
as the stock was climbing.