Originally Posted by
billhart22
Hey Sandy -
I was wrapped up, as many other people, in financials and Ford and such. I fell into a pattern of buying them and then selling too cheap, so I didn't really make a ton of money with them.
I remember one day, Tony had BAC?? if I remember right and Ray, he and myself were trying to find an exit point for him and we had him put a stop limit in. The stock fell back and sold, then it took off again and went big, so Tony got screwed out of a ton of money. All of the stocks a few months ago were so volatile, but we were playing them like an instrument. We were all selling way too soon and just buying and flipping. Now if I had my head screwed on straight, like I hopefully do now, I would have held.
MGLG is a holder. Many people flip it at the first chance that they have to take profit, but they will get locked out. That is what happened to me last time with OCNF. I sold at 1.60 and counted on a pullback. Well, it hasn't happened since. A lot of times it is better to just hang on and knock the day trading off for a period of time. MGLG has a big float. 17 Billion shares? It takes volume and news to drive it, but lately the news has been good and more is coming out, plus the new wells. Everybody is just holding shares now and buying more before the production numbers come out. That is why the volume has been low the last couple of days. The price is holding and going up about a tick a day.
BCLE is a holder. The float is 30 million shares. Now that is just perfect for driving up prices once something happens. To anybody reading this, go back through this weeks thread and read the emails between the President of BCLE and myself.
BEHL, I won't express any opinions as I don't have any. It is quite volatile right now though, but it has a very small float, which causes volatility.
I really believe in sharing everything with everybody, because it just makes us a better community. I love honesty!
Bill