You still holding PVDG? If so, congrats on the double up since you first posted about it. I should have popped some on Monday but of course I didn't lol.Originally Posted by Hydrasport80
You still holding PVDG? If so, congrats on the double up since you first posted about it. I should have popped some on Monday but of course I didn't lol.
hate tkk on say it but those type of indicators have zero bearing on this type of play.I know that you are running on free money, but with all due respect, have you looked at the EBITDA for PFMS? it is -1.150.
I sold the majority of my position yesterday at 0.085, but that was my target number. It's important to have a strategy
Yes it is
If you don't mind me asking...what determined your target number?. That is what I want to learn. how to figure out a number that I would be happy about making and then get out.
Get your initial position out, and then don't get too greedy while milking it for all you can.
I have no doubt that Bassmaster can give you a more tech explanation.
I've added to the PVDG, got 249k at .05 average. Looking for a nice run on it.
Lol
You're right, the main part is don't be greedy, but also don't sell yourself short. You can look at several different things to determine your target. Look at previous tickers and see where they went roughly. For example, if you're playing a lazar custodianship, find one of his that has a similar share structure and go off of that for early pops. Of course depending on the R/M it can go anywhere at the end, but the initial pops (custodian assigned, etc.) are normally pretty close if SS is similar. You can look at history of the stock if it's ran in the past. Look at resistance and see where you think the run will stall. Check RSI and see where it normally resets at and go off of that. Company valuation, is good to determine book value, but share price doesn't always reflect that, especially in the OTC. Look at the sector and see what other similarly valued companies are at in comparison to company valuation. If you're flipping you can look at the amount you own and determine how much you want to make. Say a 15% flip on a swing, or a 3% daytrade, but that's normally in big board trades where you have a lot of funds to play with. In the OTC it's normally a swing of 100% or 1000% maybe and then a daily flip of say 20% maybe (or 100% sometimes). Really just whatever you think is worth your time AND reasonable/easy. You always want to be safe and not greedy if you play it like that. That's when your target becomes the most important I'd say because that's when it's the easiest to get caught up in hype and get greedy.
But in all honesty, if you trade enough, you just kind of get a gut feeling of where it will go. Sometimes you can look at a chart and what type of play it is and think "oh I've seen plenty of these run from .002 to .02 so I'm going to set an initial target to pay for my position at .0075, and then a sell at .009, .0014, etc. if you want to be safe. If not you could always adjust your target higher, just depending on how safe you want to be, how many shares you own/how easy it is to get out and buy shares back, and how long you want to hold it. It's normally good to sell before whole numbers, because normally they act as resistance. And you can watch and adjust that too. If the stock blows through this level, then I will hold until this level, or if the stock slows at this level, then I'll sell it all, wait for it to reset, and then buy back lower. Just don't get hung up in a run and hype and think every runner is going to $10 from trips.
Thank you Digthemup and Bassmaster96.
That is a lot of technical Information but I will read it over a few times and research the meaning of the terms you used so I can get a better understanding of what it is you are telling me.
I appreciate you guys taking the time to answer as I am aware of how much time and effort you put in to learning this stuff and passing it along to me.
Anytime
It varies by trade, but typically my sell limit is set to 2-4x what I risk (my stop)
Looks like you guys are going to get a pop here today
movement today
Good grief what kind of news did it get?
3.5. Billion over 5 years I think for services and products from a project in a foreign country. Sorry for lack of specific details. Debating if I should dump mine or see what happens?
Interesting. It'd be hard for me to hold after that type of run up, because you know it will consolidate hard at some point, but who knows when...
Good gosh what a run. I told myself to buy a few minutes ago when it was 11% up....Could have had a 40% flip in 2 minutes
i was in at .02 for weeks - i gladly got out yesterday at .05
Yeah it's a dangerous one. I'd hate to hold it for long personally, but there is still money to be made I think.
I dumped my shares just a tick under .06 earlier today. Happy to take some profit and move on.
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