OK. Hold on for a bumpy ride, fellow high risk p
Post# of 75002
(Total Views: 631)
Posted On: 02/28/2017 2:25:56 AM
OK. Hold on for a bumpy ride, fellow high risk penny share investors. This should be fun (and a little scary!)
The minute the cat (if you will allow me that) is out of the bag, i.e. we get the numbers w/ the SEC filing, this little enterprise will be sitting the prettiest it's ever been - better than the spring of 2015 when it topped out at 0.31 or so before people noticed and started profit taking. (Yes - Guilty, but I needed to double up on shares. I mean... come on! Buying this stuff at .0258?? Or at a nickel???
or even a dime was too good to be true!)
Therefore now with this news (and with more international investors buying in as well) we should see a jump (starting immediately, but give it a month or so) to set a new 5 year high, since the company's value and prospectus is, in a day or two, the highest its ever been!
There are shorters that are making a FORTUNE off this stock however. I am reasonably comfortable that they were keeping us down around .035 to .04 range for a while, until the overseas buyers stepped in and propped us up. Anyone besides me notice those opening orders placed before our own markets were open in the mornings for the last 10 weeks or so? They also start trading before the end of the trading day, and I suspect that has helped out the end of day shorting curse that we had to contend with for so long before.
Shorters beware - with these new upcoming press releases and filings, Mr. G is coming after you! HA!
I have come to realize there will always be shorters, but they are about to take a bath on this stock - at least for a while until it seeks its new level...
There will probably be resistance around .16 or so (the last high) and then some bumps at .20, .24 or 25, and .30 (the human-nature sell points) but I wont sell a share 'till we break .31, and then ONLY to buy more back at .20, if not .16 or .17. These things are rarely a straight line up, so be ready for bumps in the road, and work your stock blocks so you can sell what is held over 12 months if you can in order to save the high tax of burden of short term capital gains tax.
(My apologies to the more robust, well heeled, and experienced traders on here - to you I know I sound naive. Just pointing out some possibilities. Oh - and all must understand I am NOT making any kind of 'recommendations' for anyone to try - Just sayin how I'm going to loose MY money! HA!)
Happy Trading, and don't risk anything you can't afford to lose!
...and pay taxes on!
RMHB Long and Strong to the Dollar mark!
With Much Thanks to Mr. Jerry G. - OUR HERO!
The minute the cat (if you will allow me that) is out of the bag, i.e. we get the numbers w/ the SEC filing, this little enterprise will be sitting the prettiest it's ever been - better than the spring of 2015 when it topped out at 0.31 or so before people noticed and started profit taking. (Yes - Guilty, but I needed to double up on shares. I mean... come on! Buying this stuff at .0258?? Or at a nickel???
or even a dime was too good to be true!)
Therefore now with this news (and with more international investors buying in as well) we should see a jump (starting immediately, but give it a month or so) to set a new 5 year high, since the company's value and prospectus is, in a day or two, the highest its ever been!
There are shorters that are making a FORTUNE off this stock however. I am reasonably comfortable that they were keeping us down around .035 to .04 range for a while, until the overseas buyers stepped in and propped us up. Anyone besides me notice those opening orders placed before our own markets were open in the mornings for the last 10 weeks or so? They also start trading before the end of the trading day, and I suspect that has helped out the end of day shorting curse that we had to contend with for so long before.
Shorters beware - with these new upcoming press releases and filings, Mr. G is coming after you! HA!
I have come to realize there will always be shorters, but they are about to take a bath on this stock - at least for a while until it seeks its new level...
There will probably be resistance around .16 or so (the last high) and then some bumps at .20, .24 or 25, and .30 (the human-nature sell points) but I wont sell a share 'till we break .31, and then ONLY to buy more back at .20, if not .16 or .17. These things are rarely a straight line up, so be ready for bumps in the road, and work your stock blocks so you can sell what is held over 12 months if you can in order to save the high tax of burden of short term capital gains tax.
(My apologies to the more robust, well heeled, and experienced traders on here - to you I know I sound naive. Just pointing out some possibilities. Oh - and all must understand I am NOT making any kind of 'recommendations' for anyone to try - Just sayin how I'm going to loose MY money! HA!)
Happy Trading, and don't risk anything you can't afford to lose!
...and pay taxes on!
RMHB Long and Strong to the Dollar mark!
With Much Thanks to Mr. Jerry G. - OUR HERO!
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