Banchee, VPHM traded just like HAUP. . . the more shorts took positions at 13, 15, 16 and 18 yesterday and this morning. . . the higher the stock went . . .and the volume was relentless all day long. . . .hardly decreased. . .
HAUP surprised many, that went short at 13, 15, 18, etc. And it has done well to hold gains. . . just like SIEB did when it left 11 for 70. . .with me saying it was a screaming buy at 20 the day before the big run.
I am always amazed how little some near-term traders [those on Irc] understand about low float stocks.
LOL. . . they say, "but it is only phase II" . . .who cares. KTEL didn't rise because anyone liked their music. . .it was because it had a 500k float. . . .SIEB had a 600k. . . BAMM was around 1 mil . . .HAUP was what 1.6 or so? Same with these recent IPOs . . . not one with over 10 million shares.
At the beginning of the moves in all of those above I said the same things about the low float and the potential I saw in it as a trading stock. . . and few believed me.
Yesterday at 1pm traders on daytraders Irc said I was making a "stupid" trade, buying VPHM at 11 1/2. . . .I told them that I make some of my biggest gains by making what seem to be "stupid" trades.
It is all in how you "see" them. . . . to me, a low floater with such news is an untapped gold mine, with the gold pouring out onto the ground. . .how could anyone miss seeing it?
But when trading, if your mind is not on float. . .but rather on long-term prospects. . .you can miss some tremendous trading opportunities.
Rande Is |
