quote:
Originally posted by darogo:
i've learned that a great way to play these penny stocks is to get free shares and just play those. but does anyone have a rule of thumb they go by in order to acquire the free shares? do you wait for it to double and then sell half?
maybe sell more than half if it doesn't quite reach there?
i realize that every stock is different, but i'm curious what you guys think is a good way to play this...
i've been a victim of not putting in a sell order immediately and missing a good exit point.
thanks very much.
I FIND THAT TRYING TO BUY IN AT THE TIME OF THE RUN IS ALMOST IMPOSSIBLE AT TIMES. ALMOST (NOT ALWAYS) THIS IS HAZARDOUS AND COSTLY. I BUY ON THE PROFIT TAKERS LOW AND PLAY THE BOUNCE. I CAN NOT SAY NEVER--BUT ALMOST NEVER FAILS.
THE SECOND PART IS TO FIGURE OUT IF YOU EVEN WANT FREE SHARES!! GOOD DD WILL GIVE YOU THE ANSWER TO THAT.
I SOMETIME'S SELL WHATEVER IS NEEDED TO TAKE MY CASH OUT OF THE EQUATION. TAKES THE STRESS OF THE TABLE ALSO. THIS VARIES ON DD, TREND, VOLUME AND PUBLIC SENTIMENT. UNFORTUNATED THERE IS NO SOLID ANSWER. EVERYONE HAS TO FIND THIER OWN BEAT AND DANCE TO THE RYHTHEM OF THE PROVERBIAL FINANCIAL BAND.
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DIANA
[This message has been edited by realityinc21 (edited February 25, 2004).]