RE:RE:RE:I’m Backkkkkkkk!
JayBanks wrote: I actually added almost 4000 more tickets at .72 a few days after my last post. I currently will sell half my position at .85 and the other half will attempt to get 1.20. Currently my plan is to 'trade around a position' until my upper limit order and all my shares are sold off, if I sell half at .85 I will attempt to utilize that freed up cash to buy more shares in at a lower price and continue to wait for the big move while hopefully adding to the potential upside.
I do not know why this stock acts like this, I only speculate it has something to do with insider purchasing windows but I have seen no proof of that.
Wow couple hours after posting this we popped... I got most of my fill at .85 but a small chunk sold at .88! I still have 5000 shares and lowered my sell on those to the 1.00 area as the price was cooling into the close but did not get a fill.
Usually a pop this large is sustained for a few days as people see the action and like sheep jump in the following day or week but sometimes not reaching the same peak for too long. But there's also a history of this just being a build, as in December 24th 2018 the close was, 57 cents and it took until May 13th 2019 to hit a peak at $1.94 with most of the pop happening ($1.01) March 25th-May13th.
Smaller pops seem to only last a day or 2, but this seems to have gone past that.
I don't know if I have the mind set to stick around and see it go way up, or take the money and run. Maybe see the price action early tommorrow and put a trailing stop on this. This is when you go from happy to overwhelmed and stressed out very quickly. I would not be advising new money to step in unless your ok with taking a possible large loss with a tight stop, as I will not be adding to my position at these heights.