GREY:CUDBF - Post by User
Post by
Insideouton Jul 27, 2011 3:43pm
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Post# 18879938
Your Takes
Your Takesguys & gals...thought I mentioned before=it takes time to get admission to the $2 Club. They bulldozed through
it a bit prematurely--perhaps this time it will stick. Everyone should keep their hopes up for early August, since month-end always separates the "buyers" from the "credit-flippers". The traders with equity in their accounts can sometimes even make it through month-end, when generally all accounts should be on-side. So, during the actual month-end and all the way to the last trading day of the calendar month-buying is restricted to " paid-for" orders.
Of course there are ALWAYS EXCEPTIONS. Rest assured these posters that do not even get level 2 probably do
not have that kind of clout. Often times accounts get sold-out at month end. In this case the bids get hit on the pending trade(s) that are offside and even other equities in the account will be sold-off until the account is no longer delinquent. If your stock is up and it has to be sold-out because it's month-end and you did not pay (yet),
then that does not hurt much, and they often buy back in at the first of the next month. Now--suppose you are very good at paying up or you trade with no credit at all...you are still at the mercy of the other "on-credit" traders and the status of their trading account(s).
..... Hope you get the point that month-end is a better time to be buying--than selling.
It has been that way forever. Even the BIG BOX guys have rules to contend with. It is survival-of-the-fittest when everyone wants or needs to sell at once. There are plenty waiting around to buy your "fire-sale" orders at month-
end. Either way ==POP is going to stay in the $2 Club once mentalities allow and accept it. It will no longer be worth it to flip for pennies. Those wanting pennies--should play penny stocks. Those wanting dollars should play $$$
stocks. It's that simple. POP is a $$ stock. Our group has celebrated with more champagne that should be legally
consummed--all because of in and out of POP. The game just gets more and more expensive to play. You guys that can't hold much should just buy once and hold out for multiples. Those days are really only available on cheapies. Wait to see if they make it to the $3 Club=WE ARE.
p.s. leaving NYC tonite--be in Van., B.C. for AGM at Terminal City Club. If you guys are there==come and say hi.
(will give you cheapie tips, if you like) p.s. Hope my ears are POPping!!! buy. ....