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  4. Creative Edge Nutrition Inc. (FITX) Message Board

.0513 - .0624 is the FITX trading range (currently

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Post# of 56324
Posted On: 08/07/2014 3:02:09 PM
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Posted By: otctrader
.0513 - .0624 is the FITX trading range (currently). For anxiety free trading a very simple strategy is to set GTC Limit Buy orders at ...lets say .0520 (for accumulation) Not many longs seem to be selling out of core positions but there are day traders still active. This is risky as the range continues narrowing especially when you consider volume and CMF shows buyers are quick to buy up block shares. This reduces the ability of Day traders to sell smaller quantities at the bid then make larger buys as PPS drops. IMO, it is important to watch already licensed companies and be very selective on unlicensed companies because most are not likely to obtain a license and will have to buy a company or JV with a company that is licensed. Also, the longer it takes for HC to issue license the more capital is needed to continue corporate operations necessitating a selling of more shares or seeking alternative capital. Personally, I am long FITX and am accumulating at every chance I get. Trading within ranges is the best way to accumulate IMO.


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