OTCPK:SPLID - Post by User
Comment by
KelownaClownon Feb 04, 2021 3:01pm
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Post# 32472644
RE:RE:RE:As the day wears on
RE:RE:RE:As the day wears onold_dog wrote: Let me ask this question to you...if you bought at .005 or .01...or .015 and you hoarded as much as you could....would 2.5 look good to you.....after all 500,000 at .025 yields 12,500.00...cost was 2,500...so if you made 400% profit in 3 months...would you be content...I'm more than sure there are all sorts of people doing their happy dance even at 2 cents....Imagine making 400% every 3-4 months....every trader/investors dream come true....
So they sold and moved on to something else and the folks that are buying today are looking for that same 400%..or more...or willing to take less...as I have said every .005 swing up or down from 2 cents is a 25% return or loss...so some people will play this all day. But at some point the day traders cause all the shares to be consumed through their actions....people see the volume and jump in for this reason....Liquid stocks are good stocks.
old_dog
I'd say anyone who bought shares at .005 or .01 and doesn't have at least some of them up for sale at .025, or even just .02, is nuts. That's called doubling your money (at least), and there's nothing wrong with doubling your money. I'm not saying you have to sell your entire position, but when you can cover your initial investment with half the shares you own, you're playing with house money afterwards. Every now and then you have to take a profit.
Agree with your last point - easy to buy and sell when millions are bring traded.