RE:RE:eight capitaltradersam99 wrote: RockLobster1 wrote: SEV was a top pic in globe and mail... but haven't been able to access... anyone have it?
on a weekly chart you can see that 30 cents is a great place to buy in.... usually no news or interest and we drift there... then things pick up and we rally. Hopefully some day we break out, but buying near 30 and selling half over 50 has been a nice strategy. So I have been adding more under 40.
easier said than done of course :)
Have you ever thought about the fact that if everyone did what you're doing (trading in and out of this stock) then it will never go up and stay up?
No, I would only think like that if my goal was to lose money in the stock market. My goal is to make money, not to join in some kind of silly manipulation effort. What you or I do will have NO material impact on the stock, what will matter is if they manage to succeed in their efforts, which I think they have a decent chance of doing some day.
Mathematically a buy and sell had a net neutral impact, but adds liquidity. That is actually a small positive if some people allocate additional funds to trading a stock. It would only be negative in the case of a concerted short manipulation effort.
My very small and humble opinion is simply that 30 cents is a good buy price .