RE: Why Breakman isnt right!Ok hag let me get this straight here,Say i ve traded 3 times 100,000 shares .12 =$12,000.00 ok still with me ,great ok i sell at .14 now we go 100,000 @.14 =$14,000.00
$2000.00 profit ,so how do u figure my 10.00 fee will hurt me even 10 times 10 x 10 =100 ????? $2000.00-100= $1900.00x3 = 5700.00 hmmmm Dont get your logic hag i have 84,000 at .103 at the moment for core holding bud ,So i make 3 times trading buy at .12 sell at .14 $2000.00 - $10.00 =$1990.00 x3 = $5790.00 profit with 84,000 core left over ?????
Not trying to dis ya bud just trying to make ya money no pro bro u hope we get to .20 thaters no promises lol .How many u have and what u pay for them may i ask?
----------Original Message Posted 12/10/2010 5:23:05 PM----------
I do agree that his trades have been better right now, in the short term. I have accumulated so many shares around .125 and my average cost is below that. Next time we go to .14 breakman is gunna sell his shares (except for his core holding), and I am going to hold and when we break through the resistance at those levels and we go to .20 his .02 flips will no longer have been the best. Since I would imagine he has only traded this 3 times like that, anything above .20 I will be better off. Oh, did I mention I also am not paying the commission in and out, in and out etc which really cuts into profits (even if its only $10 each way...that still around $100). GLTA, I see no point flipping AXM for .02 when the upside is 1.00+++. All just my opinion!
PS, Bought more at .125 after freeing up some cash late in the trading day!!