RE:Rinse and repeat biggdeal wrote: Well folks looks like another buy in the 1.60's and a flip at 2. I can swing trade this all day long. Going to put my kids through college on these spreads.
No argument from me. It takes some patience, maybe I have to wait a few weeks or a month to make a 20% profit on every trade, but this stock moves through a decent range, with decent volume, and that's a recipe for making money.
I just counted my trades, and since the most recent peak in mid-January, I've made 21 buys of VLNS, from $2.71 all the way down to $1.68, and when this stock starts to climb back up, I'll sell each block when I see a 20% profit on it. I've been through this cycle multiple times, and I never touch my core position, I just keep adding to it.
It's one way to keep yourself entertained, and make some dough, while waiting for the eventual explosion and the really big bucks.