OTCPK:EXSFF - Post by User
Comment by
groovin123on Jun 25, 2008 12:01am
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Post# 15225350
RE: 2 weeks MJ
RE: 2 weeks MJI think to many inexperienced traders bit off more than they can chew in this one. Probably me included, (who pukes into garbage cans just because you are down a measly $100 grand, LOL) but you take a good kick to the nuts and you learn to suck it up better for next time.
Stocks will always drift between NRs. What we do have going for us though, is a nice sized short position, mainly via Scotia, that knows they better cover before the next NR or they are really going to get bent over. I think their average sell was around .55 cents, so they are out of the money by a decent amount. This should generate some decent buying pressure, or else a nice slingshot if they hold off until news.
As for news, the stock will be revalued when news comes. It doesnt matter if it sinks lower or screams higher for now, because that will all change anyhow. So trade some stock if you want, buy on dips sell on rips right? For the record I have not sold a single share, but did add a bit at .40 cents.
Stop whining. It really irritates me.