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Ice Cold Traders
Posted On: 08/30/2012 12:39:33 PM
Post# of 474
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Posted By: coolnapz
Re: hyrpowr #57

I highly suggest taking some profits on this volume surge while you can, 1/3 to 1/2 off and then you can see if WGAS can take out the recent high and move to .015.


I read the press release and the reality is that all they did was connect a pipe and people are buying on anticipation of big production. WGAS have given zero guidance on BPD production as far as I can tell and that is the real thing everyone will have to wait until Oct/Nov for.


One lesson I've had to learn the hard way is that light volume favors the upside on the big boards, but favors the downside in penny land. Take your money while you can to lock in a win, leave some on for a bigger pop, but keep an eye on the exits.


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