RE:I DONT BELIEVE ANYONE CAN DAY TRADE THIS FOR PROFITSWell I filled a bag this morning at .86 sold it again at 1.03 picked up again at .91 and got out again at .97
Tomorrow morning I expect to jump aboard the morning elevator again, guessin' in the high 80's should be rid of those before lunch in the mid 90's I will watch for the mid day run up and be gone again by close.
Sorry guys I have never really "day traded" anything before, the odd quick in and out but never anything like this. I have completed 200+ trades in PRE over the past 15 months or so and maybe a total 25-30 trades in everything else, mostly selling real stocks to "play" PRE.
I started this stock as a long and sat and watched it languish for months before I started to really tried to average it down. I was ahead of the curve in a few weeks.
The last 3 months I have made triple digit returns on PRE. I have never ever played a stock like this one before. I am a Canadian living in Chicago so I need to phone in my orders. There was one day in March I called in a buy and kept the broker on the phone for 45 minutes and made 9 trades in and out. 26% return and it closed down that day.
Horribly missmanaged company, heavily manipulated stock, huge volume and wild swings.
It should be trading for $3.50
a couple weeks ago I publicly posted the single dumbest trade (Gamble) I have ever done and made more that day than I have made in the 3 years prior. I made more monry that day than my last wife took from me lol.
I am not trying to brag, and I know there are a lot of people who like me were in at $5+ I am sorry and I feel for you but I stopped treating this like a stock and more like a dice game months ago.
I hope it takes off and all of you guys eat steak for a year, you sure deserve it. But right now I think a lot of people are sitting in a room somewhere trying to figure out who gets paid and none of us are at that table.
Whatever happens I don't think I will ever find another PRE again. GLTA