GREY:WFEMF - Post by User
Comment by
clk_vestedon Apr 27, 2012 7:00pm
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Post# 19846517
RE: RE: SP my fault
RE: RE: SP my fault Thanks, mercurysmilth. In part my comment was based on "my luck" --I have tried to be clever before, with decent penny stocks that seemed to have established a +/- 5 to 10 cent price swing pattern -- and made a few bucks in some cases, but one in particular that I sold on what I thought was an "up swing" continued up another 60 or 70 cents and left me behind. So I got the pennies, and somebody else got the $$. Now Woulfe doesn't seem to give us any such convenient patterns. I puzzle at these crazy little 100, 200, 500 share orders that seem to constantly hold the price stable for weeks on end, in what ought to be (in my estimation) an at least somewhat volatile stock. But I also "just know" that the minute I tried to play part of the position on a price swing, that would be the day we decide to go to a dollar. I know some people did well with the recent move from .19 to .30 or .40 whatever, but for me, that whole thing just represented some cost averaging (as I keep buying on lows and had bought in previously at higher prices). You are right, mercurysmith (and many others on this board) the fundamentals on this one are too good to be ignored (not that the fundamentals should ever be ignored), and since the market patterns don't make any sense to me, I wouldn't even try to play them until they were more in line with where this stock ought to be valued in general.