RE: RE: RE: RE: RE: Our Good Buddy Joe Yesterday??Well, if that is what they are doing, they are not making a lot of money and picked the wrong stock to do it with.
If we go back to when the stock first brok the 20 cent range, we only have 4 points where you could have bought at an average of .32 and sold at an average of .38 which equates to a 6 cent per share profit.
If you were trading 500,000 shares at a time, that would only equate to $120,000 over that 4 month period.
Yes great for a smaller investor...not sure what smaller investor would throw around half a million on one play to trade like this one...but not worth the effort for a large investor/trader.
And although they seem to be trading in this range...imo, it appears to be more of an accummulation for someone and being the trigger to get the smaller investor to sell their shares cheaper to the larger investor.
Joe's crew...through technical analysis could have just as easily pushed the stock through the resistance line at .39 and even .44 and .55 on some of those releases because they were in the charts (TA)
So what I am trying to say, is don't think that this is exactly what they are doing and wanting to keep it in this range. They, like any other trader love the large movements and the charts they create as well.
Yes, trading it for now is a good choice, but suddenly the market will wake up and all those little trades may be for not if you miss it before a big move or halt.
Just remember that to trade it hard, you had better be watching just as hard.
I am making sure I am in more than I am out, and when I am out, I do keep a much closer look at what is happening with this play.
Mediascan