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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: Popiye who wrote (1200)3/20/1998 10:32:00 PM
From: Larry  Read Replies (2) of 5847
 
<< I got caught in the squeeze. If the tick drops to what I consider a bad trade - I'm gone. I've seen a lot of games with stocks, and I got caught with this one - simple enough>>

Popiye,

That's a good realization and a trading strategy spoken like a pro. If you're trading a stock, (and we should welcome all who want to trade this or any stock as it improves the liquidity and makes a stock healthier) that's a good practice which I am still learning in my efforts to learn to trade. But here is a lesson I just recently learned: If you trade out of a stock at its bottom, and I do believe that BANY just tested a bottom, you missed the opportunity to play the risk/reward ratio that also makes for a good trade. If the bottom of BANY is all the way down to 15 cents, then your downside risk is now 8 cents. The upside potential is anybody's guess at this point, but let's make a conservative estimate and say BANY can make it at least halfway to it's book value of $2.25. That translates into a reward potential of close to a dollar. Risk of 8 cents against 1 dollar of reward. That's a spread I'll invest in any day. If BANY can go higher (and I think it can) the risk/reward ratio is even better.

Just a thought for you to mull over for the weekend if you still have your finger on the trigger.

I've rambled on enough tonight so, I'm signing off.

Have a great weekend everyone!
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