Kuwlness, any Idea whats going on with OPLO? I got in @ .0015 and should have sold in the high .002's, but I thought it was gonna really take off, ofcourse it didn't and has pretty much dropped like a rock since. Now the ask is in the.003's after hours, not sure if someone made a mistake or what is going on. I saw a post made by Masked Superstar on I-hub in which he said that NITE was holding the stock back. Should I get rid of the stock, or hold and hope for a next run up?
NITE is the most notorious MM, they get fined by the SEC all the time yet still persist on playing games and not really making a market. OPLO is a toughy right now. I believe it'll go back at some point, but that last run was on pure Momentum (MoMo) because there was no news to drive it. Thing with some of these is, you just grab 'em and hold 'em until they move and when they do, you take your profits. I sold some in the high 2s the other day and reloaded more in the low 1s again today. If it goes lower, I'll buy more.
Masked follows all the MoMo guys, that's why I usually tag along with a lot of the plays he jumps in. If you stick with him, you'll likely get at least 3 winners out of every 5, but usually more.
The thing to remember when investing (and this goes with all my plays, China included), is that you need to buy in increments. So, if you plan on buying $1000 worth a specific stock, buy like $400 worth first and wait a few days. If it looks like the price is staying steady, add another $300. Save the last $300 for when it drops a few more percentage points, which will likely happen since there are always down days. Now, with the Pinksheet Roulette plays, my timeframe is much shorter, so my playbook is usually like this:
$500: I buy $300 immediately. If it goes up or down 10-20% I spend another $100, then the next 10-20% I add another $100. This can be in one day or it can be in one week. But you gotta act quick, and ALWAYS TAKE PROFITS when you've had a good move. You don't need to sell your position, sell incrementally just like you buy incrementally. Hope this helps you all become better trades. And PLEASE ALWAYS USE LIMIT ORDERS, dont let the MMs get a free ride.