I will caveat my comments with this. I have two
Post# of 4466
(Total Views: 317)
Posted On: 04/06/2018 11:03:10 AM
I will caveat my comments with this. I have two sets of shares: A core, and a trading position. My core is my freebies from trip 3s. Had them since Jan '17. My trading position is what I buy and sell, and would use on a big run to stage out to recover the investment, extra profits, etc.. I try to buy support and then I have shares to profit with while my core sits. My trading position is where I can end up losing money. I am trying to be somewhat transparent here so that people can read my comments with context.
To me, support is this .003-35 area. People have been buying it up, myself included, a million shares worth. I made my stand here looking to hold support, looking for financing, end of design and engineering, PE news. Problem to me is that the dilution makes the bid lazy, people just wait to be filled, and try to get as low as they can. People are playing chicken with BMIC in my opinion. I am concerned about a bear run if that apathy sees the price keep dropping. That's the issue with long dilution, it demoralizes.
My personal choices don't involve holding my trading shares if they go red very much. So if the price drops big, I roll with it an buy back in lower. If MMEX doesn't deliver I won't buy back at all. Maybe leave some of the freebies for a hail mary.
No matter what, its all about being reasonably cautious, and having a plan to exit, whether that is at $1 or at failure.
To me, support is this .003-35 area. People have been buying it up, myself included, a million shares worth. I made my stand here looking to hold support, looking for financing, end of design and engineering, PE news. Problem to me is that the dilution makes the bid lazy, people just wait to be filled, and try to get as low as they can. People are playing chicken with BMIC in my opinion. I am concerned about a bear run if that apathy sees the price keep dropping. That's the issue with long dilution, it demoralizes.
My personal choices don't involve holding my trading shares if they go red very much. So if the price drops big, I roll with it an buy back in lower. If MMEX doesn't deliver I won't buy back at all. Maybe leave some of the freebies for a hail mary.
No matter what, its all about being reasonably cautious, and having a plan to exit, whether that is at $1 or at failure.
(2)
(1)MMEX Resources Corporation (MMEX) Stock Research Links
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