Hey Compadre. Look at my little chart custom made for you. The red arrow points to the fact that on that day in 2009 when KMAG ran up to .055 intraday, it nonetheless closed just under .03. Your plan to lighten up at .03 is wise and prudent as there is much resistance between .02 and .034. (green arrow) However in the event that the price should make another spike like in 2009, you may consider setting another sell on an ask at somewhere near .05 in case history repeats. Keep in mind that in the long term there is little resistance between .05 and .12 and the volume is sparse pre 2009 (blue arrow). If the KMAG yoyo fever breaks out with high volume, we could see some spectacular moves as there is little overhang between .05 and .12. All this speculation on my part is based on the premise that there will be continued earnings surprises and good news.
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