GREY:SGGDF - Post by User
Post by
stockmoveson Oct 17, 2007 5:53pm
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Post# 13591347
Summing up the DAY.... !!!!!
Summing up the DAY.... !!!!!we broke though that previous high like it wasnt there... the reason we did so was the huge volume we churned earlier at 23/25cts.. we had plaenty of time for sellers to evacuate the building... buying came in so strong i felt we were bound to go.. I was happy with a 33close and felt 34 was the bullish close for test 38/43.. a close of 37 clearly spells out we are going to go 44/58... sooner than later.... what u dont want to do is get caught selling out entirely to soon.. thats a mistake of mine for many many years.. when stocks break out hard enough the bid/ask is 5cts apart not a half cent....
There is much to the story when u get a large move like we got today... VMS proved that..... NOT BMK etc etc... we are going into the 40's tomorrow.. if u sell shares vs just go away and make money long and dont give up half the profit on the way, im certain u will get no less than a $1 shortly.. i can remeber making calls of a $1 on stocks for 30days and getting it in less than 3. I like to be conservative by nature..
Now where is Oprah.. she owes me an apology.. she he he she .. its ok to say u blew it and bought in on breakout.. i get sucked in by MM's myself often.. when it happens like it did on BMK many times i realized it and doubled my buy for the ride just in time.. ,am what a great month....
the scary part of trading is u sell your shres and the HALT and u can no get them back...
so i keep a 1/3 to 50% min position as long as the bull is in tact...
cheerio
SM.