Thank you for responding, Equity. Here's hoping GS comes through soon! GMGC has been relatively easy to trade, for a dime here, a quarter there, but coverage has thrown a (good) monkey wrench in the works. That is, I almost never end the day without owning GMGC, but I frequently daytrade it when it's doing the dance it commonly does -- up and down by 10% or so. On one recent day I sold and rebought GMGC a least a dozen times. However, now that we have at least some coverage I am much more uncomfortable letting it go on a 5-10% increase in the sure knowledge that it will retreat and I can pick it back up a little while later. With coverage it is much less certain that it will retreat from incremental gains, so I guess I have to sit on my hands for awhile and wait for the 25% or more opening gap, when I know it will retreat by at least 10%. I know that most of the pros frown on my kind of daytrading, but I've done fairly well, all in all. I know it is more like a sport (gambling?) than investing when I scalp away at dimes, but I enjoy it and make a little money. "Voice" will be bigger than any of us yet realize, so I am in for the long term, in a sense. BTW, I've also been trading HEAR recently, which has also been fairly easy scalping.
Also, as much as I like SI and have benefitted from so many helpful posters, I must admit that I spend a lot more time reading Ragin Bool than SI.
Thanks again and please keep posting!
Best,
Papillon |
