These PR's are like a brick wall. The bricks by themselves have little strength, but all of them together make a pretty strong wall.
And I am being sinfully selfish with AIRG. Take today, the spread between the high and low is 1/4. The low is 1.09, I've got a buy sitting at 1.12. It should have executed but maybe not. If it did, I'll put a sell in at around 1.37. If it executes I'll figure what it takes to pick up an extra 500, 800, and 1,000 shares. I'll put a buy in after the open, to pick up an extra 1,000 shares. Around noon I might reduce it, dun'no.
The selling part is easy, 4,000 shares, no more. The buying is a little harder, no less than 4,500, no more than 5,000. I started doing this mid February when we started bouncing between 2.50 and 2.00. The goal is to double my shares by the time we return to those figures and it looks real good at this time.
Why such a small amount of shares? Because price isn't important, quantity is the driver. If I did more shares then price would begin to increase in importance and I ain't gonna sit there thinking "come on, just 5 cents more, you can do it, I'll wait for ya..." It'll never happen, not to me.
Here's the best part. There's no way I'm leaving so if I pick up an extra 500 or 1,000 shares at a dollar and it drops to 75 cents, so what. I've picked up a couple extra shares and the price will return, we ain't going to zero, no how, no way. Suppose it goes to 1.25 and I sell my 4,000 shares, and the price keeps going up. The first couple of times you do this that might be a discomfort, but once you've built that first 4,000 extra and free shares, from then on, if the price keeps going up that is considered a blessing.
This ain't day trading. What ever I buy at, I will not sell for less than a specific amount, usually an 1/8th over. And the same holds true going the other way. I would think if someone wanted to tighten up the spread, they could accumulate in increments of 100 or 200 and be successful.
Whew! Almost done. I'm doing this for two reasons. To test a theory and to accumulate extra shares if I am right. This wouldn't work with a lot of stocks, but right now AIRG is very predictable. Shares are being gobbled up and dumped creating a very sporadic market for AIRG. The bid/ask spread is the only obstacle that I'm having trouble with, major trouble. It screws up the timing, entry and exit points, the usual stuff I guess. But if this was so easy then everybody would be doing it.
DuGen |
