Unsure what I'll do with it yet. Let it run or close it.
Suppose will have to see what the open brings.
As for the doing the opposite of what I should do next week. I don't know if I'll be able to do it. I'm getting nervous now just thinking about it. But given that a lot of my trades go minus before going into profit. It could turn into a nice scalping system. Mmmm.
While I am on, just wana pass on a little tip.
You must have heard the saying 'Always read the small print'. Yes?
Well, how would you like a 99% tip off about a trading move that is almost certainly about to happen?
Now this is not for forex trading. Although in reality it could happen in the future.
My in box gets stuffed with all sorts of crap on a daily basis, as I'm sure yours does.
Whoa! stop holding your hands up to the screen with first fingers formed in the shape of a cross. I'm not Dracula!
If you have been trading for any longer than 5 minutes, you will know that penny shares apart from the odd few are best avoided because of liquidity problems. ie. You have just bought 50,000 shares in xyz. Price goes up and you want to sell... But price has only gone up because some silly sod has just bought 50,000 shares and suddenly become the main share holder of the entire company! And there is NO ONE to take those shares off you. You have to hold them.
Thank the Lord for those penny share e mails though. Despite having got you into a very; shall we say 'difficult' situation. You can use the very same service to turn the tables.
READ THE SMALL PRINT!
The attached screen shot is from a email that landed in the in box today. Pay particular attention to the highlighted bits.
I really love your American disclosure laws!!!
This e mail is telling you to sit up and pay attention to follow this penny stock closely!
But you don't buy the bloody thing. You watch and wait... Then sell the arse off it!
Now the actual mechanics of the this will be the difficult part. Over here in cold wet England, we have spread betting. Which apparently. the main readers of this. You Yanks can't have.
So us Brits/Pomms/arseoles. Call us what you like. You generally do anyway;
Get the 'A' listed shares but for a 'D' listed share to pop up is very,very, very rare. Which makes this strat. virtually unworkable from this end.
But you have the problem of not being able to 'spreadbet' shares in any case.
So you have to find a solution to the 'problem'
Buying them is no problem. Selling them could be!
Liquidity! That is the problem.
In the old days, those with a few bob behind them use to get the banks to 'front' them the money to 'short' the stock.
But this was generally 1st or 2nd class stocks.
Penny shares stocks (Cough, spit) were a no no.
NOTE I am not talking about holding the ****tards for 5 years or so.
You know the problem of 'Bucket shops' over there.
Jesse Livermore had to contend with them in his day. And he beat them very often. Rules change though. They move the goal posts. This is about staying one step in front for a short while.
You have to find a way to short these sure fire winners at the right time.
Read the attached highlighted portions. It's like a hammer to the head moment. once you thing about it for a few seconds.
Hindsight is Always 20/20
Entrepreneur magazine recently included the following new “jargon” in their March 2011 edition, essentially implying that Groupon made a critical error in judgment.
Losing your Coupons
Definition: Making a bad business decision--or what looks to everyone else like a bad business decision. Inspired by Groupon's now-legendary rejection of Google's buyout offer.
Usage: "You turned down $6 billion. From Google. Have you lost your coupons?"
If You Only Knew Then What You Know Now...
With many sources now valuing a Groupon IPO at greater than $20 BILLION dollars, the $6 billion brush off now seems a stroke of genius. $6 billion would have been a slam dunk, lock-the-door-while-the-ink-dries kind of a bargain for Google. Oh what might have been? LivingSocial? Amazon opens the checkbook for a sliver of the “me too” player to the tune of nearly a quarter of a billion dollars. What’s the next home run opportunity?
This incredible valuation in the sector is what prompts this email today. AGOE today announced a letter of intent to acquire social buying site grazy.com. Leveraging the grazy.com brand, with an industry icon at the helm, almost seems like a ‘no-brainer’. With a market cap of less than $10 million dollars, the downside seems to be limited. The company has kept every commitment to its shareholders and genuinely seems interested in building value. With a reasonable valuation, veteran leadership, and a very small public float, AGOE just seems to make sense.
Have we all missed opportunities like this one in the past? Yes. But this is now, so take a moment, do some research, run the numbers, and answer the question that matters right now:
When it Comes to AGOE, Can You Afford NOT to play?Legal Disclaimer:
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I can't bring myself do do the opposite of how I trade. Even though a lot of my trades go into negative ground before turning right.
It's supposed to be hard to lose money on purpose. I know it all too easy to lose money when you are trying to make it!
Go on. You try it. Make sure it's a demo account though. For gawd sake don't try to lose real money by trading that way.