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Sportsjunkie

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Sportsjunkie

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Re: bagheera post# 14

Friday, 12/02/2005 6:31:39 PM

Friday, December 02, 2005 6:31:39 PM

Post# of 249
as i was reading i thought even more important
than the idea of position trading was the idea of
trading to the market you are playing..
right now the penny market has given maybe 3 plays a day
to choose from and i dont think position trading would be the ideal strategy,right now i would sell 75 percent on the first 20 percent and hold the 25 percent in case i stumbled into a sttk or gzfx kind of moves..
i would leave only 25 percent as a christmas gift to myself honestly expecting the stock to fizzle on the next mornings gap..
WAVR is a stock that i sold 35k of the 50k i bought at .12 at .14 and still holding the 15k,but not upset that i dont have more just happy the stock is still going..

[chart]www.profile.ak.facebook.com/v229/1511/20/n1271503258_594.jpg[chart]
Disclaimer-i buy stocks on the advice of my lucky eight ball,please seek the advice of your owns balls before buying anything ....

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