Friday, May 25, 2007

GZGT 1.90

I posted it last week, I'll post it again. Hold this slow turtle for weeks if not months, I think it can give you a very nice return. Looking for $2s next week.

4 comments:

Daniel said...

I bought 200 shares and set a trailing stop sell if down 0.08.

If it really reaches 3, will tighten it to 0.06 (sorry, I like 6 and 8, haha, superstitious you might call it).

And will add another 200 shares at 2; another 200 at 2.48, another at 2.68, and last bunch at 2.88.

Tighten trailing stop to sell all at a drop of 0.03, at market, of all the 1000 shares.

Hope this plan works out, comment?

PennyTrader said...

Daniel, good thinking, but this strategy is not working for microcap stock, should do the opposite. Don't average up on microcap stocks unless you are 100% about its direction and potentials. You need to scale out.


Buy 1K shares at $2.90, sell 200 shres at $2, sell 200 shares at $2.48, sell 200 shares at 2.68, and sell the rest of the bunch at 2.88. When the stock starts to tank, you have few shares or none shares left.

PennyTrader said...

This is the 1st website mentioned GZGT:

http://www.growthstockguru.com/

PennyTrader said...

GZGT - monster volume today, some huge block buys: $2.11 x 2.11.

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