We longs spent two days and can not break 13.50 barrier. Resistence is too strong at this level. I sold my 6000 shares @ 13.53 and made $240 profit. Hold it for a week....what a joke...but I still recommend STRONG BUY for long term and will buy all them back soon....
give him a break. how were you at 19 years old? at least he is working hard at this and doing pretty well from what I gather. maybe it is time for you to drink your hot milk and go to bed.
rad sticking up for the young trader
If you you go quote.yahoo.com and type IPIX then insiders...you can see they do not hold any more stocks....they exercised their option then sold the same day...ALL shares they own..... just smelled very fishy...if they sell 20 or 40% I can understand....but not ALL of them like this....anyway, I see IPIX has very bright future now...maybe the insiders made a BIG mistake....time will prove
I was down 28,000 the first time I bought IPIX back a few weeks ago...but I was patient to hold it and finally sold it at $3000 profit after secratary of homeland security announcement. I DO have great concern on insiders selling off though.....they sold all of them @9+ I DO NOT LIKE THAT....too much
a $240 profit is not a joke ...Today i made more than that, but i will say, when i daytrade stocks my *AVERAGE* gain per day is probably around that. Now i am a novice when it comes to this, and i have slightly less than $100,000 in my accounts to use
**AVERAGE* gain per day is probably around that**
Now with 100k you can play CSCO for about 4 times that a day.But not to shabby 62k per year on a small investment is nothing to balk at.Remember you can never go broke making money !
I'm not saying an "all your eggs in one basket" strategy is good, but if you had put your $100,000 into IPIX last April, you could have reaped over $2M this April and would still be over $1M if you still held today.
"Hold it for a week....what a joke."
A $240 profit is a joke.
Maybe that's what traders do. Longs invest. I held IPIX for two years and an 800% gain. Do daytraders make that in two years?