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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: MZUBOZ who wrote (25163)12/9/1997 9:19:00 AM
From: Hawkmoon  Read Replies (2) of 55532
 
MZUBOZ,

If you are referring to a well-known and common-sensical approach of selling 1/2 your position when it doubles to retain your principle, that is a comment on smart money management.

From my perspective, it is hedging your bets. What it does is apply more pressure on the Yeas to sell the "long" side of this 'lil 'ol "story stock" and distribute the risk.

First rule of short squeezes... know your exit strategy. You can bet everyone else does. Second Rule.. Don't trust anyone. Third rule... If you open yourself up to being fleeced, you will be.

Regards,

Ron
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