Replies to post #976 on Swingplane Ventures Inc. (fka SWVI)

[stokjockey]

novice, That is fine, just make sure you keep moving your stop up. Otherwise, you could loose the 2nd leg. Alot of times it moves fast, up and down and you get caught up in the hype, and "oh shit" happens.
Also, I am watching other stocks, so can't sit and babysit one.
It works for me, and I do look back after a good run, and see I left cash on the table, but all I have to do is get on these circus boards where all you hear about is all the money everyone has lost.
I expect SWVI will push low .30s tomorrow, but my target is .295 on this leg...

Go SWVI

[xenod]

Not speaking for stockjocky, but a couple of reasons I can think of to do that.
- Stops/Trailing-stops aren't foolproof, in a stock as volatile, & sometimes illiquid as these pennies, once it's really falling, your order may not execute at your price. It could end up way lower.
You want to be selling on the way up, while there are still buyers.

- Some of these promos, go up 100% - 1000%, some never go up at all, many go up 20% - 30% then go down, never to return.
Wise to take your 30% profit, & be ready for your next play, better to miss some of the possible upside than take a big loss.