OTCPK:WSRLF - Post by User
Comment by
longrider1964on Feb 22, 2010 12:10pm
385 Views
Post# 16806776
RE: Chart Gap
RE: Chart GapIf you have the resources then u can play the game. I sell some shares at bid on monday morning to see if i can start a stop loss cascade down. If it works i just keep adding sells to see how far down i can take it then pick up all my shares i sold plus all the new ones i want to buy at the bottom and on the way back up. Make back my loss on the shares i sold plus a nice profit on the share price bounce. Plus paid considerably less for the new block of shares i added as the price is still less then what the open was. The big guys with big money can play this game so good for them. I can't so i buy at a price i can sleep with and hold on for the eventual news good or bad. Have done my due diligence and am averaged in at 83 cents and figure the downside risk short term is 50 percent. Long term they still have lots of cash and two proven holes they will come back to at some future point. Have seen many high risk plays with far worse outcomes than this one. The game playing short term with the price is just that game playing as no material news has been released yet. Would we all like to buy at the absolute low and sell at the absolute high duh! but if every one could market time perfectly there wouldn't be a market would there? Welcome to the big leagues one and all and as the saying goes "if you can't stand the heat stay the bleep out of the kitchen!"
Longrider