Yay ! Ze'bounce!
I use the 25Ma-100ma instead of the 50ma-200ma..That's just me.I also use the RSI-Relative strength index for those Small Cap picks.I use the Full Stochastics also.
MMG (mining) is like "sell the news,I'm going up!" So with Gold,silver going down it's a push and pull stock.Up it went today.
I'm paper-trading MMG with 36,000 shares at 1.06 and now at 1.13.
Going to sell 18,000 shares at limit $1.13 in the morning.And a stop limit at $1.11 for the rest.
I usually don't advocate penny stocks and disdain them because other stocks are better,stable and easier to invest.This is just paper-trading and learning if I made a mistake somewhere and why.
I'm up a darn 331 points today..Yup it was ze'bounce!
Wish I can Short gold in the portfolio but now that would be getting too greedy wouldn't it?
The All-Worst stock I thought would recover because it was paying dividends.It was a housing,loan bank stock and it was the wrong time to get in.It didn't wean off dividends and reduced it or at least I would have sold it off.Ran it all the way from $7.25 to .02 cents
The stock is talking to me.."This is my .02 cents what I think about you when you didn't sell say at $6.75 and who's the idiot now,running it to .02 ?!"