Ok, Mike, you forced me to reveal my cards: The t
Post# of 41413
Posted On: 07/03/2014 7:26:57 AM
Re: MikeSLTJ23 #5025
Ok, Mike, you forced me to reveal my cards: The truth of the matter is, that by flipping BLTA AT THIS TIME, she is actually making only about half of what she could be making if she held - and here is why:
The brokerage will only allow you to buy Penny Stocks with clean funds (unlike "real" stocks, in which they will allow you to buy more blue chip stocks with the balance in your account even before the $s actually clear).
Because of this "delay" in the abilitty to buy into the next round (like a 5 business day delay at least), when she buys early in the week and then sells later in the week - say at a 20% gain - it actually takes her about 10 business days to cycle the shares.
BLTA is currently rising at 30% every 5 days.
LOL........if she held the stock..........she'd actually be making about twice what she is making by flipping it......AT THIS TIME.
So why is she doing it:
1. The volume she helps to generate actually fuels the momentum of the stock. In other words, the increase in volume(right now she actually doubles the daily volume each time she buys, and then again each time she sells) actually catches the attention of other investors who then cannot resist buying in - therefore the value of BLTA goes up and her base (untouched shares) of 30 million shares actually benefits from her efforts.
2. She needs the practice. She has never traded stocks before, and right now - with BLTA - the risk is so minimal.
3. Her trading and making $ (I didn't reveal to her the downside mentioned in the first couple of paragraphs) generates a greater trust in my own financial wisdom. You see....I am advising her....and in the last 3 weeks she turned a profit of more than she makes at her current job in 26 weeks.
So there you have it. But keep in mind that BLTA can't keep growing at 30 plus percent per week (if it did so, it would be worth well over $1 per share by October 3rd of this year!)....so the practice she is getting now will help her to keep flipping shares when BLTA's growth slows down to a more "normal" pace.
Love you guys - but just remember - Nothing in life is ever as simple as it may look on the surface.................
The brokerage will only allow you to buy Penny Stocks with clean funds (unlike "real" stocks, in which they will allow you to buy more blue chip stocks with the balance in your account even before the $s actually clear).
Because of this "delay" in the abilitty to buy into the next round (like a 5 business day delay at least), when she buys early in the week and then sells later in the week - say at a 20% gain - it actually takes her about 10 business days to cycle the shares.
BLTA is currently rising at 30% every 5 days.
LOL........if she held the stock..........she'd actually be making about twice what she is making by flipping it......AT THIS TIME.
So why is she doing it:
1. The volume she helps to generate actually fuels the momentum of the stock. In other words, the increase in volume(right now she actually doubles the daily volume each time she buys, and then again each time she sells) actually catches the attention of other investors who then cannot resist buying in - therefore the value of BLTA goes up and her base (untouched shares) of 30 million shares actually benefits from her efforts.
2. She needs the practice. She has never traded stocks before, and right now - with BLTA - the risk is so minimal.
3. Her trading and making $ (I didn't reveal to her the downside mentioned in the first couple of paragraphs) generates a greater trust in my own financial wisdom. You see....I am advising her....and in the last 3 weeks she turned a profit of more than she makes at her current job in 26 weeks.
So there you have it. But keep in mind that BLTA can't keep growing at 30 plus percent per week (if it did so, it would be worth well over $1 per share by October 3rd of this year!)....so the practice she is getting now will help her to keep flipping shares when BLTA's growth slows down to a more "normal" pace.
Love you guys - but just remember - Nothing in life is ever as simple as it may look on the surface.................
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