Replies to post #45815 on Kraig Biocraft Laboratories Inc (KBLB)

[ZincFinger]

If someone tries that approach I would strongly recommend using an alert rather than an automatic trade.

A stock like KBLB can spike for very brief periods to unpredictable levels depending on what the trigger is.

If you set an automatic buy triggered by a level considerably higher than the current level (assuming that would indicate "the big one" leading to a much higher level than your trigger), you might well discover that the price had spiked enough to trigger your buy and then very quickly returned to close to prior levels before you'd had time to check it.
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There is a considerable risk with automatic trades: the event that triggers the SP move that triggers your trade may be something quite different than what you'd anticipated, with deadly results.

In addition, MMs can see your automatic trades and if the SP gets close (but not quite there) and is going to head away again they can drive the price up or down enough to trigger it.

Alerts are much safer if you are in a position to receive them in a timely manner.

NOTE also how very rapid and extreme price movements have been in KBLB. With an alert you can set your trigger price much closer SAFELY because if its a false alarm you can not make a trade.

If you want to receive alerts at work DO IT ON YOUR CELLPHONE! If you do it on your computer your company will find out and will NOT like it at all! YOu should assume that your company sees EVERYTHING you do on your work computer, because they can, and many do.

[whiteface88]

Hi Mike,
Thanks for your thoughts. They reflect much of my plan.

My plan is based on I don't expect the 'big announcement' until after mid aug - sep. From my limited experience with other stocks going through legal things (a sure a big commercial contract would have many lawyers involved), months pass. Kim was at a show in April. 6 months later puts me around Sep. I'm expecting to have good safe opportunity, if C gives a good report on Monday, to snag a good 20-30% rise. Decided to liquidate my KBLB Friday to have the cash ready if a solid earnings is reported. Also have two other stocks (been playing with only 4 total) which I expect good volatility this week and next week. That being said, decided to liquidate KBLB for now and try to advance in these other 3 companies while keeping my eyes on KBLB. If the big KBLB announcement comes in the coming weeks, I expect to be holding these other 3 companies in 'green territory' where I can quickly sell some and dump back into KBLB. Just my short term plan for the next month. Will be interesting to see how good or bad it turns out to me.