I started off day trading $25000 and had some success and some failure too. My biggest problem was getting excited about my pps rising when i should have been selling and taking my profits. I stuck my winnings into this stock for the long haul over 3 years ago at just over 6 cents. I hope it was the right choice. Only time will tell.
That is because you are guessing. I don't think people understand the "20% club".
There are many people who will buy KBLB at .07 and put the shares up for sale at .084 and make 20% profit. They don't care if the top is .10 and they don't care how long the order sits. The PPS can drop to 6 and they will buy and put a sale at .072 and when it eventually sells they will make their 20%. They follow their rules as if they cant be changed. It is the ONLY way to really make money in the market
In the end they have buys at .04 .05 .06 .07 .08 and sells at .048 .06 .072 .096.
So look back a few weeks. From mid sep to early oct the PPS never went over .06. Every share in that time was bought between .05 and .055. 45 million shares worth and 80% are bought by the 20% club.
We need 30M volume over .066 to clear all those shares.
We have only had about 6M shares over .06 we have about 20M to go. The shares today are on the block now at about .084 So give us a 20M volume day and the PPS would close well into the .08s with tops in the 9s.
It is a juggling game. For those that think they are longs remember there are 20 traders for each of you. PPS movement like that takes time. It will take 3 strong days in a row to lose a few flippers
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