SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mark collins who wrote (12601)10/26/1999 7:43:00 PM
From: Jim Bishop  Read Replies (2) of 150070
 
Mark, I know it's all in fun, but for now I think I'll pass. Too many times, the closing price is meaningless as far as one making some $$ on the stock that particular day.

Too many variables, too many MM games on BB's, and it is entry and exit points, that are important, not the closing price on a particular day, especially if the close is on the ask, with wicked spreads.

Example, I could pick a day when DIGGE closes at .25, and be pretty sure, given the history the last while, that they'd close it at .468 the next day for an 80%+ gain. But no one could make 80% on it, you can buy it at .468, but only sell it much lower, spread .25 x .468. Keeping that example. Say we pick DIGGE on that day it closes at .25, the last thing I want, is some schmuck buying it the next morning, at .468, and then getting caught in it when it goes pink next week.

Good luck, and have fun.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext