Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (1356)	1/29/1999 12:02:00 PM
From: Dave Gore	Read Replies (2) \| Respond to of 52051

SFLK today was a classic lesson in the rewards and pitfalls of the BB/OTC market. MM's can sure manipulate these BB's.... Here's my strategy....I play the odds! Let's look at SFLK today.. It takes off from 5-3/8, runs in minutes to 8, stalls there for 5 minutes, and then falls to 5-3/4 in like 45 seconds. They probably got lots of stock at 6-ish for those that put in a market sell order as it was dropping. I just betcha. When they move the price that fast......they can do whatever they want. time and sales won't prove them wrong So, when the price stalled at 8, you had time to sell, right? They kept it there and tried to lure more in before dropping. They wanted people to think it might be resting before going higher. And it could have, but here is my logic, especially when stocks have already run up 3 points on the day with no big news.... Ask Yourself..."what are the odds that the stock will go higher at this point versus lower?" I think if you step back emotionally, you can figure that out. #1 RULE...don't be greedy....there are more stocks every day. PS- Luckily this stock is a good one, so nobody got hurt real bad, but it is VERY frustrating to be down a point in seconds if you bought at the high or sold as the low. SFLK now is probably fairly valued. Without news this will only go higher on hype. Imon-type hype 50-50 here to go higher. I will buy if it backs off into the 4's. Again, I could be wrong but just playing the odds.