If you cant handle the volatility and risk of this stock - dont buy it. Some idiot sold 10600 shares at the market at the price dropped .36 to the benefit of the markrt maker.
Look - get in and get out using scaling techniques. Pay more commish, but get much better fills.
OOPH
Many thanks, I just applied.
Jimbojim
http://finance.groups.yahoo.com/group/rainbowinvesting/
Just go here and click join this group.
I'll approve you today.
Ed
I am 75% in to PMs-would love to join your group. How do I do this ?
Jimbojim
10.68
Yeah, good advice.
The commission cost does not even have to be high. I just set my limit price and let it sit there all day, filling 100 shares at a time, whatever. Commission cost: $9.95/day, for whatever number of days is required to trade the total number of shares desired.
The worst sell of the day was me. I really am a horrible trader.
I had a stop set 15% below where I bought, and this AM it was taken out... low trade of the day. Then we reversed and we're green again.
I don't even know why I bother with stops, since I get screwed if I set them and screwed if I don't.
Ugh. I hate the stock market.