Now might be an ideal time to buy or add for those
Post# of 1674
Posted On: 05/11/2016 7:50:37 PM
Now might be an ideal time to buy or add for those who are as convinced as I am that $REDG will eventually get to .01+.
My strategy - which has remained unchanged since the beginning of 2016 - is to keep a large holding of all my cheapest shares for the medium term - that is until any big run up based on financial results from ZWAG Box + POW Folio + Markiplier mini-series comics.
In my case, the total cost of those to me is less than I would normally play in a short term - hours > few weeks - play. In addition, I'm holding about 2.5 x that core number to sell for up to 2000% as each tax lot bought at higher prices goes into profit individually during the weeks and months ahead.
I'm not selling any individual tax lot for a loss based on an averaged down cost basis that is positive - I also believe that a few people who stated that they intended to do that up to a month ago will not do so now.
For anyone scaling in now:
25M at .0006 costs $15K.
The gross profit on that at .01 would be $220K.
An additional 25M bought at .0006 and sold in imperceptible small chunks in the .0012 > 0020 range would generate $15K+ in early profits to convert the core holding to a free lotto to run up to multiple pennies in due course.
Whilst there is convertible debt selling going on, it is still possible to buy 25M>50M across just 1 to 2 ticks. That might not be possible much longer.
I did start suggesting this when it was possible to get 25M x .0004 on the ask - that rocket has left the launch pad already.
$REDG
My strategy - which has remained unchanged since the beginning of 2016 - is to keep a large holding of all my cheapest shares for the medium term - that is until any big run up based on financial results from ZWAG Box + POW Folio + Markiplier mini-series comics.
In my case, the total cost of those to me is less than I would normally play in a short term - hours > few weeks - play. In addition, I'm holding about 2.5 x that core number to sell for up to 2000% as each tax lot bought at higher prices goes into profit individually during the weeks and months ahead.
I'm not selling any individual tax lot for a loss based on an averaged down cost basis that is positive - I also believe that a few people who stated that they intended to do that up to a month ago will not do so now.
For anyone scaling in now:
25M at .0006 costs $15K.
The gross profit on that at .01 would be $220K.
An additional 25M bought at .0006 and sold in imperceptible small chunks in the .0012 > 0020 range would generate $15K+ in early profits to convert the core holding to a free lotto to run up to multiple pennies in due course.
Whilst there is convertible debt selling going on, it is still possible to buy 25M>50M across just 1 to 2 ticks. That might not be possible much longer.
I did start suggesting this when it was possible to get 25M x .0004 on the ask - that rocket has left the launch pad already.
$REDG
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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