Robby G wrote:
I agree with most of you here that NOT is going to hit... and hit BIG based on what I've researched and heard. But how I wish I could have sold on the 18th and then rebought on the 20th. Even though I stand long for NOT, i think there's still money to be made buying low, selling high daily/weekly because this stock fluctuates much more than other stocks. And it's a trustworthy stock in the sense that it will generally increase, so I think it's sort of a win/win, except if you get greedy and buy too late or sell too early. Would you agree?
Hi Robby,
Thats a great strategy to play up until a major event actually happens and when a major event happens on a small stock like NOT it can move an enormous amount. If a buy out rumor started this suckker could pop 50% plus in an afternoon and if you are out of the market at that time it can be murder.
I have done a little of what you suggest with some spare cash but I always keep my core holding so that on judgement day, I will be able to participate in the real money!!