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I took a 37% profit in 4 trading days on a stock that had already gone up 60% in the past month, and about 30% in the two days BEFORE I jumped in.
Took a risk riding the momentum, set up limit orders just right and walked away within 1% of the 52 week high, before it plummeted 25%.
Look at Seahawk and Hercules, lots of people made lots of money, and lots of people LOST lots of money.
Then look at GWAY (which no longer exists). Went from $0.01 per share to over $5.00 a share in 3 days. I made a couple hundred in 2 hours playing with that momentum too (I think i was 14% return).
The current charts for GWAY are after they did a 1-10 reverse split and renamed the company.
Playing with volatile stocks is fun!
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Mike Bradshaw
1980 911SC sunroof coupe, silver/black
Putting the sick back into sycophant!
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