Replies to post #22686 on NEWBIES BOARD

[Garyst]

I know exactly what you are saying. I too was up nicely at the ELRA 12 level a week or so ago. Also at the 15 range in November. Twice now I let those gains slip away. Regardless of how good a Penny company looks/sounds, there is no such thing as a long term hold in Penny plays IMO. It's all about momentum. With that I can't say a specific target for ELRA or any stock as we just have to see how the volume is when it reaches higher levels. This time around though I would say to take those 12 or 14 cent levels on it as I plan to do.