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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air
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To: sun who wrote (1789)2/15/1998 11:32:00 PM
From: Gutterball  Read Replies (5) of 6464
 
I guess you are in a fix. May I suggest some strategies that can help you out next time. First, never average down. Second, take a lose at 10%. Given your situation this strategy would have prevented most of your blood letting. I know taking a loss is hard, but you are going to have to take it at some point and 10% will keep you in the game.

Considering the uncertainty around BAT, it wouldn't hurt to lighten your position until things clear up. There is more downside at present than upside. I do not know where price will be going this coming week, but until the SEC thing is cleared up, BAAT won't be going up and most likely will be drifting down.

Any news from BAT will cause momentary rallies but they will not be sustained. As such, you should consider selling into good news. However, there will be a lot of people doing the same so don't expect much lift. The last announcement "joint venture on the way" was good for about 20-30 cents (0.95) and price drifted back (0.70) the same day--BAAT has no legs. If you sell into news, you stand a reasonable chance of buying back your position at half price or better if you want to continue your love affair with BAAT. I'll point out, that those who sold at 3.00 on news, can buy today at 0.70.

It will take years for BAT to develop its potential, si dios quiere. At present, it's way over valued. You will have plenty of time to stake your claim at the price you want once cooler heads prevail.
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