RE:RE:RE:Coming soonI've continuously been bitten by pennies and as a result i am now to the point where i will be more involved and trading aggressively but will still hold some core position. I am down nearly 60% on a stock which looked like a miracle stock that got runned down over the past 2.5 years some of which was deserving some of which was mass manipulation. I don't look at what possibilities can be currently as much as i once did but look at what the trading patterns are showing because i have come to learn that the majority of pennies will remain such.
That being said, ACB having a position is quite significant. I will conjecture however whether they are looking to increase it as drastically as you are saying regardless of the reason for the increase in share value. But when you have big players (tier one partners) that is quite significant, however, i have come to experience even then if companies make small amounts of revenue all of that hope placed on multibillion dollar companies that do very little to help these smaller companies grow is all fools gold and illusinary. I will give you some examples--
egt eguana tech for the longest time had at least one top tier partner but small revenues to this date despite being involved with Bosch, LG Chemical, I think Mercedes if i am not mistaken, prior to which they had Sonnenbatterie who screwed them big time, then you have IBC Advanced alloys who have been working with Lockheed Martin and since it was first disclosed their share value went to .325 from .02 but it has struggled ever since because of small amounts of revenue despite growing more "fortune 500" companies in shipping, silicon etc. Another that i have but it has been getting receipt of payments and progressively growing is pyr--they are tied to several top tier companies mostly not disclosed a Japanese one as well as some European ones but again because the revenues are not fast in coming or as the CEO has stated others are not quite keeping step even though pyr is moving along really it doesn't help when the share theoretically even with Morningstar's not too long ago assessment was for .71 and it got kicked around from then .63/.64 to .48 recently and starting to recover.
The lesson here is that while you can look to the future and partly on your partners you are best served to trade and hold some core position--don't think that because you have strong partners it is a given it is not--but i sure hope that the ACB relation is a strong one.
There is no get quick rich and if someone gets lucky saying they believed all the time that doesn't happen all that much more often than not people go under if they don't manage their shares and find themselves very much in the same position that i am in--anyways this is my two cents worth and i have added some more to my position today--depending on how things go i will act accordingly more so to my trigger points--they get tipped i can't second guess things i have to sell.
One technique that i find helpful though as i am not one who likes to take the first set of profits on a rise is raising the floor. This closed at .295 today. My cost average went from previously .25 to .28 with my purchase at .31. I will roughly round this to .30 and raise the floor by the difference of 20% from that which would have been the difference of 20% from .25--so previously my floor was .20 now it is .24. If this should be triggered i will drop a third of a position that i bought today if not which is what i prefer i keep holding--that is the bottom side. On the top side if this runs to say .50 instead of selling i will wait--and say that is the close price--20 percent of that is .10 or taking the difference .40 if this hypothetically went to .50 and pulled back to .40 i would sell 500 shares and take the monies out.
I don't have a huge position at all 3500 so what people are complaining about people trading is more or less what i am saying. But just like i am saying if you buy hold and constantly average down without pulling monies out to have monies to inject in believing you have the winning stock, that is not something i would ever recommend to anyone after my ongoing experiences i have had with pennies. There were a few that i passed on that did extremely well, a few that still did well despite falling badly after uplisting (relatively speaking as to when one bought i.e sphere 3d traded on the venture at .75 went on the Nasdaq and rocketed to $20 and then for the longest times went around $2 haven't checked it in awhile--sev spectra seven went to the TSX main and is trading as bad as a penny--really bad case--so i have given a medium and a bad--then dhx went from .75 to $9.00 on the TSX and is currently $1.60ish but still healthy--again relative to buy price)
Nevertheless, most main exchange stock that i have seen excluding sev have stayed in the low dollar to at worst at the time of 911 .50--anytime that happens that is what i would go for pennies well you are simply gambling on them.
Bottom line, we know stocks go up and down taking a mid ground is the best way to handle them--not buy and hold, not buy and constantly average down praying for massive gains while delaying gratification but managing your shares--hold a core, have traders, and move around pre-determined trigger points regardless of what you think any stock can do. Sure if you are lucky and do the other two you may score big but chances are against you and while you will not make as much managing your shares as to that lucky strike you also won't get killed!
Like i said that is my two cents for what it is worth--I had $11,500 in stocks prior to running out of the market (before that $52,000) i am at $4600
here is my position
nxo 5,000
the culprit nearly 60% down traded out 13,000 recently because i will not tolerate waiting while people constantly either manipulate, purposely trade and keep getting killed
I took that monies from those shares and opened up these positions
1500 pyr
3500 mwm
3000 beer
5000 hpq (I had 3,000 prior so bought 2,000)
I work on a trigger point basis takes all the guess work out of things and try to build my bank which i went against--
prior to today i had $930.25 in cash but didn't have the stated position
was
nxo 7,000
mwm 2000
beer 2000
hpq 5000
my core at this point as of determined today
nxo 5,000 (already sold of 8,000) was going to hold 2,000 but sold to increase my mwm and reacquire pyr which i will hold instead of shedding
mwm 2,000
pyr 1000
hpq 3,000
kind of disjointed but here it is 5,000 nxo with no traders (will have to assess moving forward the end of this year being key)
5,000 hpq (2,000 traders) strike point to trade downside .08 all 2,000
2000 mwm (1500 traders) strike point to trade downside 500 .25
2000 beer (1,000 traders) strike point to trade downside .16 all 2000
1500 pyr (500 traders) strike point to trade downside .45 ish all 500
Once monies is out i add to my bank of which is now $115.27 and then determine which equity is still falling and if it is worth adding to and you just keep going in this way around strike points and looking to buy, sell and build.
This may not be for everyone but I know after being on the losing end and getting killed it is the most sensible thing to do for me.
glta