I am already in position at the low $7 - SIMC
I am holding it for today and seeing what shakes.
posted by beanie11111 | 9:56 AM
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- Name: beanie11111
- Location: USA
The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
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2 Comments:
If you are playing by the 30-45 minutes rule, you would not be in position right now, but waiting to enter once $8 is broken.
I bought the low $7 (taking a risk) because i think it will break $8 later. The trading volume and the very low float certainly supports it. But SIMC is up alot already from yesterday (100%!) . However, i believe it will take out $10 next week.
With over 3 million shares traded already, i would be really surprised if they dump this one permanently!
They played stupid GOAM, stupid ABIX, ABLE. They all went over $10. To not give SIMC a chance is unbelievable!
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