DAY: 06-01-2007
Time flies fast, a new month has started. Time to pay bills again. I feel I just need one bill-free month to catch up, I should be all set on my account. Unfortnately, I have to face the reality, I have to take one month off to China. It is so funny, sometimes, things always turn aganist you. Maybe I should take time to relax and recharge energy, not a bad thing.
21 comments:
PT, I remember you said GZGT does not trade pre-aft market, today it traded 102K pre-market... Will follow your warning to unload at least half by end of day no matter if it rises.
I said after hour. OTC/pink won't trade in after hour. Premarket can trade.
BTW, GZGT 2.82 now, I am starting to reduce, it is in my target zone.
Okay, sold 1/2 GZGT.
This is why should sell on the way up and not on the way down, trying to unload the rest of 4K shares at the MARKET, it nto even fill one share for 10 minutes. I had to change the sell order a few times.
http://i18.tinypic.com/4mmdxeo.jpg
Now finally, all the shares are gone. I think I should be done for the day. Or I might make a bounce play on GZGT
They should push it back to the green zone...
2.50-2.55 support. Getting back some 2.555
http://i15.tinypic.com/6as70ns.gif
What a shake. back to $2.64, almost to the green. I think it will consoliade some around 2.65, if you look at the chart, if 2.65 can pass, it wants 2.75.
2.66 x 2.66, I think 2.75 is doable based on that chart.
2.68 x 2.69, it is so easy to sell on the way up.
$2.74, out of 1/2.
great play PT. I panicked on the way down. But I have some fishy feeling about this stock now. Better shun away then play.
plan to add another 300 shares of FMCN.
Maybe today is a lesson trying to teach the retail not to panick when drop. So when the retail gets numb about dropping comes the real drop with 95% of the retail buried.
As I said before, one should just be happy with the profit, doesn't matter it is $100 or $1000 or where it comes from. We are traders - at least I am, I don't care what they do or how they do it. One would regret only if he does nothing to lock in the profits and watch the profit goes away.
I am done for the week. I I have said enough, I won't repeat again.
Sold the rest of 1/2 at $2.93.
OMG PT!!!
GZGT TAAAANNKED! from 2.97 to 1.84! Wow major sell off!
Did you read the news? Someone just passed this one to me, wish I read it early.
http://www.kiplinger.com//columns/picks/archive/2007/pick0601.htm
I sold 1/2 GZGT before I left for lunch around 2.74, I holded 1/2. Two hours later, after I came back from lunch, GZGT was at 2.96, HOD, I pulled the trigger quickly sold the rest. That's the time I post it. I was so lucky on this GZGT, thanks GOD! It tanked hard, none wants to hold it over the weekend.
But I was not so lucky in the last few minutes, I bought 1K GZGT at $1.84 and wanted to play the bounce, damn, I didn't realize the market was about to close, I don't want to hold this POS through the weekend, well, hope it won't tank too hard Monday.
This is why I said all along, you have to take profits aggressively, cannot get greedy, if you get greedy, you got killed by the market.
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