Further to my comments about trading the "new" RED
Post# of 1674
(Total Views: 335)
Posted On: 02/03/2017 8:40:34 PM
Further to my comments about trading the "new" REDG and why people buy large amounts before the reverse split as is currently happening on BETS at .0001 and .0002.
If you bought REDG at .0001, it was not easy to sell at .0002 (for 100%) between catalysts or a group run up if just one selfish person who was determined to sell for a loss stacked the ask with 50M to 100M - as we have seen twice now.
However, with an assumed minimum opening price of .10, there are many other options for selling between .10 and .20 (the 100% gain figure for previous .0001 shares). For instance, .19 would be 90%.
That is one of the reasons I always keep some of my cheapest cost basis shares in the core and trade around the rest on runs under 1000% on .0001>.0010 stocks. You still have a high share count and if there is a r/s, you have a very good chance of getting a good return on that significant majority portion of your overall holding.
If you bought REDG at .0001, it was not easy to sell at .0002 (for 100%) between catalysts or a group run up if just one selfish person who was determined to sell for a loss stacked the ask with 50M to 100M - as we have seen twice now.
However, with an assumed minimum opening price of .10, there are many other options for selling between .10 and .20 (the 100% gain figure for previous .0001 shares). For instance, .19 would be 90%.
That is one of the reasons I always keep some of my cheapest cost basis shares in the core and trade around the rest on runs under 1000% on .0001>.0010 stocks. You still have a high share count and if there is a r/s, you have a very good chance of getting a good return on that significant majority portion of your overall holding.
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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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