Sorry everybody as Slick pointed out I made mistake in the maths heres some of the same info with that mistake corrected and a few other conclusions I previously at the end of that post mentioned above toned down a bit.
MM I have been thinking about your last line in comparison to the trading approach" I’m going long like real estate on this, but I like to live on the edge." I fully agree that when considering trading verses simply accumulating your's is the most wiser approach.
Have been doing a bit of math on trading
so here's what I came up with for a typical $10,000 dollar trade
sell at .033 = 303,030 shares = $10,000 + say $30 commission =
$9,970 in the bank
so now you wait for the price to go down and to play it safe people here reckon it might go to 2.7 but lets play a little safer and put a buy order in at 2.8 cents after further costs of about $30 we will have about $9,940 to buy shares with which should buy 355,000 shares or 51,970 more shares than I started with, which at a value of .033 are worth about $1,715
So I need to be sure that for me the risk is worth that my 303,303 shares worth $10,000 that I sold is worth the potentual $1715 gain
or the risk of losing the re entry price and having to buy back at a higher price
FP
IMU
Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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