This stock is at $0.09 right now. Bid $0.085, ask $0.095. It should hit $0.11 by next week. Nice little profit in the makings. Also, I would expect it to hit $0.20's within the next month or so.
Posted by Jerrin on :
i hope this goes above .20
Posted by R1Man on :
I'm a day trader and I have devoted myself long in this stock. I work 3rd shift and now working over each day....hard to stay awake and day trade when your tired. My sell order is in for $0.22. I still feel comfortable and confident so far.
Posted by Thorn on :
I take it you weren't expecting it to go to .065? This one seems too unpredictable to me.
Posted by R1Man on :
I have another $7,000 and debating on buying some more. However, the symbol has changed to GAXYE. Added letters is usually trouble. But yeah...I never expected this stock to do this...I figured the price would go up as the dividend approched and was planning on bailing out then. Not to sure what to make of this one now. I still not that worried just yet...I have faith in this stock moving back to double digits...wish some positive news would come out about the loan they were looking to get.
I sold my ERHE which I was in at $0.66 to buy more GAXY before the dividend...DUHHHH.....ERHE is at $0.83 now...missed out on 26%...ohhh well.
Posted by hlniv on :
R1:
Tip: Learn how to limit your losses and risk. You should never, I repeat never hold a stock from .22 to .07. That's a 70% drop. We all go into a position expecting it to go up from there. If it goes down from there, we made a mistake. It happens to everybody. Don't let it the one stock wash out your money. Make a rule with yourself right now. Set a stop loss in your mind whenever you buy a position. Mine is 30%. If it's down 30% from it's high point while I have a position, I get out. Don't get attached to stocks.
Posted by tombooks on :
I bought BSKO.OB at .65. The stock dropped to .52. Rather than sell out I bought more. BSKO.OB is now selling at $1.25. The rule you mentioned does not always apply. I think GAXYE has a lot of promise. I intend to increase my position at these fire sale prices. Especially since the stock dropped solely because of short selling.
Posted by pensandoenti67 on :
Right GAXYE a lot of promise?? Can't submit an annual report on time, that's not good leadership and management in War errors like that hurt people, not accepted.
Great company and future, however their leadership needs to improve in order to stay afloat of today's Global Business Competition.
Posted by hlniv on :
Well, a 65 - 52 drop is only 20%. I'd still be in also, as long as it still looked good at 52. I also have average down before, and the 30% rule is adjustable. If still looked good a 52, that was an exception. 90% of the time in the stocks I play, a 20% - 30% drop pushes the play out of the attractive range.
But if it had went down another 20% from 52, I'd gotten out. Just like GAXY, which, btw, I bought at around 21, averaged down at 16 (it still looked good), and sold at 13 (confirmed my mistake) for quite a loss. But it wasn't 70%.
Posted by R1Man on :
What I did...I bought some at $0.22...some more at $0.16 and some more at $0.08. Have an average of $0.164 unfortunately. Thought about dumping in another $7,000 at $0.04 range but decided to remodel my house some more instead. Still holding...Stock moved up to $0.062 today. Hopefully it will continue. And "hlniv" Your right....should of bailed when I had the chance...I had to wait about 5-6 days to get my dividends...and the stock I bought on the 3-31-05...didn't get any dividends for that stock...even though GAXY's press release said close of 3-31-05 for dividends...when it was really 3-29-05...WTF!!! Hell, my plan was to sell right before the dividends...and ride it up...never expected the selling frenzy.
90% of the time I make $$$...only once in a while I get burned which is no big deal...but here I got bbq...but still holding.
What I will probabaly do is sell at the daily high and buy back the next day at the daily low to correct some of the losses...not a bad plan...works majority of the time.