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crookedneck

02/12/14 10:05 AM

#6827 RE: stayfocused #6825

Hey I can understand your confusion about my strategy, because it's not one that always works, but it has worked for me many times. Basically I am looking to keep the recent uptrend intact while wait on news about the new product. In other words I am doing this to avoid an all out panic selling spree. It is very clear that we now have a lot more eyes on the stock and many more holding the stock, which is clearly visible on the chart. The MM's will try and incite a panic selling spree, whereas they will get many to sell for a loss on the fear that the stock will go down to $.08 and they jump out at the $.11 level to minimize their losses. Then those who had to take the loss will not look at buying back in for a very long time and many to avoid the stock all together. I don't want that to happen, so I have a nice stash of $$$$ to try and prevent it, while acquiring new shares. I already made a very hefty profit, so I can afford to do this. Let's see whether or not it helps, if not, I still end up acquiring more shares. I would much rather pay a little more per share when the stock starts to move up behind decent volume than buy a whole slew of shares while it is trending down. Complicated, yes, but if it works, I will have succeeded in preventing the MM's from taking it down to very undesirable levels.

In short, all I am trying to do is prevent a panic sell off - Cheers!