thedocg. I have been in $REDG on and off for a sig
Post# of 1674
Posted On: 08/11/2016 1:19:41 AM
thedocg. I have been in $REDG on and off for a significant portion of the last 4 years:
- I've never sold any for a loss.
- I've banked multiple $5-figure profits by being patient (sometimes for up to 18 months on a particular tax lot).
- I have multiple options for how to play it coming off the bottom - none of them involve taking a loss.
Never in it's history has $REDG had so much going for it as it has now.
People who go on about the O/S and the current pps need to get a bit more experience in trading at the bottom end of the OTC market and watch what actually goes on 6.5 hours a day for 250 days a year like I do.
At the risk of repeating myself regarding the recent VPOR example:
It has an O/S of 8 Billion (more than $REDG) and an A/S around 4 Billion.
It went from .0001 > .0011 on 1.1 B in 30 trading days (up to yesterday) - only a handful of those days were significant in the overall move.
Then today it went from .0010>.0016 (and back down to .0007 by the close) on a further 554M.
Overall on average, it took less than 100M to move up each .0001 - because the people running it up were disciplined and not 1/2-tick flipping like morons or selling at their break even average price.
People were buying 10M/15M/20M at a time at .0014 and at .0015 without any understanding how the stock had got to where it was because they could not possibly have been watching it come of the bottom nor could they have built a mental picture of what amount had been bought at what level.
Those that were in early - anywhere up to about .0006 - could have made a killing if they played it cool and waited for the .0010 break to see how thinly it moved up another 50%.
- I've never sold any for a loss.
- I've banked multiple $5-figure profits by being patient (sometimes for up to 18 months on a particular tax lot).
- I have multiple options for how to play it coming off the bottom - none of them involve taking a loss.
Never in it's history has $REDG had so much going for it as it has now.
People who go on about the O/S and the current pps need to get a bit more experience in trading at the bottom end of the OTC market and watch what actually goes on 6.5 hours a day for 250 days a year like I do.
At the risk of repeating myself regarding the recent VPOR example:
It has an O/S of 8 Billion (more than $REDG) and an A/S around 4 Billion.
It went from .0001 > .0011 on 1.1 B in 30 trading days (up to yesterday) - only a handful of those days were significant in the overall move.
Then today it went from .0010>.0016 (and back down to .0007 by the close) on a further 554M.
Overall on average, it took less than 100M to move up each .0001 - because the people running it up were disciplined and not 1/2-tick flipping like morons or selling at their break even average price.
People were buying 10M/15M/20M at a time at .0014 and at .0015 without any understanding how the stock had got to where it was because they could not possibly have been watching it come of the bottom nor could they have built a mental picture of what amount had been bought at what level.
Those that were in early - anywhere up to about .0006 - could have made a killing if they played it cool and waited for the .0010 break to see how thinly it moved up another 50%.
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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.