Replies to post #4214 on Secure Point Technologies Inc (fka IMSCQ)

[kron7777]

I agree. Anyone who says that trading daily is a sure way to make money is either novice or very lucky. Most likely both.
Yes it is possible to catch 2% moves , but the downside is that one day you sell shares at 2% profit and the stock shoots up 50%.

And to clarify my previous statement that I trade around my core position - that is actually not true. My core position is intact in my IRA. But sometimes I buy more shares in my trading account when I think the stock is poised to rise. Like I bought around 60 cents just before it went to $1+. Made $12K last year on IMSC in my trading account.
Same way I bought after the TSA announcement thinking that stock should be much higher than $1.3. Had to sell part of that position to cover a margin call, but bought back the next day. Speculating there are a lot of sideline money are waiting for a pullback to buy, but when they realize the pull back is not going to happen they will chase it. Can happen any time. Maybe today?
We just got 20 SMA crossed 50 SMA and both are above 200 SMA. Which means the stock is in uptrend. Some traders will have alerts and might decide to play it. Sometimes you need just a spark...

[ki2002rom]

I was consevative on the 20-30%. That's if I sell at the peak then buyback after it's 20-30% drop. As is the case today when I bought back at 1.30. But you also have to look at the turn around math. Now the 3 chunks of shares sold, then bought back, will be well over 40-50% when the SP passes the 1.50's again.

I'm sorry you can't buy individual shares in your account. I will say and recommend again for others, I rolled over my Chrysler 401K into a self -created 401K account with TDA. All you have to do is create your own business and you can open your own, self-managed 401K. You can borrow against your account and take out a loan that you pay back to your self at an interest rate and a time frame you set. All contributions are pre-tax and increases in the account's value are not taxed until you begin to draw it out. Even the loan to yourself is not taxed unless you don't pay it back.