You got that right! When ever a stock runs or goes down fast all the "trailer trash" appears! I got all those IDIOTS on ignore! BTW this is now a stock I can play as a day trader, the swings are there and the volume is there. I hope usarco is going to give us some good insightes after the meeting! Good trading, ROWDY
CG, There are a few good newbees, but most of them are not only clueless, they are worthless and if they trade, they probably got 100 shares, I trade with 10K plus in almost all my stocks with the exception of MMM, which I hold for a split and get the div. in the meantime! Then I cash in 50% and let the rest ride! The $96800 profit was a nice "hit" on ROYL, now I just wished the government (IRS) would go away! Flat taxes for everything all the way across! Good trading, ROWDY
I'm with you. I have been playing the game with 15-20% holding the rest. Let them play their games - it is getting predicable.
I'm still holding 80%, but in effect lowering my cost by trading daily. You don't have to get greedy either. I have a sell order I guarantee will hit, and then if it drops.
If it drops down to $8.60 - I'll buy more. Worst case, I'm holding an extra 1000 shares. If the price does find it's way down to $4-5, I am going to take a bath anyway.
I have my cost down to around $7.25, and I feel pretty good about that. It's only a little more than a guessing game. However, I'm not selling my "core amount". NG has been completely ignored. A large Mexican NG facility has been shut down due to a leak (2% of U.S. NG), and imports and NG storage are down.
I like the way this is looking; however, they have to show real potential and deliver shortly thereafter. I did find out who the investor was that purchased the private placement. They appear to be in the business of buying undervalued stocks, but it's still a mystery. I honestly think they are trying to expedite drilling so they can put on a show later this week.