TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: Trelawney hits a jackpot

Good question. I have often wondered if a good strategy could be developed for a situation like this, looking at the big % gainers to buy the next day.

My question, tho, is if it is straight up, why do you wait for a pull back? Sort of the same philosophy as the best time to plant a tree is 20 yrs ago, the next best time is now. I look at some skyrocketing stocks in the past, and wonder if you jump in after day one, establisha position and put in a stop loss (hopefully you get to keep raising it), you will have done well. Of course there are lots that your stop will get taken out and you take a loss but I wonder if there is a strategy to be gleaned. Look at DDRX. A yr ago you could buy it for about 30 cents. One day it jumped to $1.35, and I bet a lot of people were kicking themselves for missing a 4 bagger (in a day) and looking for a pull back. about 3 wks later, it had climbed to over $2, then jumped to over 5. It did pull back from 12 to 10, and again from about 24-17. It got bought out at $35, a 100 bagger in under a year.

Anyhow, my thought is, maybe if it is worth a gamble (or others like it), it is best to jump on the first day after the train leaves the station, than wait. I read one philosophy that it is best to buy one third positions, so you may buy some at a cheaper price, OR you add to an already profitable position.

Any thoughts from nimble traders?

Share
New Message
Please login to post a reply