GGR: GeoGlobal Resources Inc [was GEOG was BOWG] (2000 + ): Re: QUANDRY

» Hu - Re: QUANDRY

In response to message posted by Wendell:

A stop limit "converts" to a market sell order, and it'd probably be hard to invent a more sure way to sell at the very bottom of a sudden drop on a fast moving, thinly traded stock like bowg. Why? Because there's no guarantee of execution time with most brokers on an otcbb stock. In other words, if the stock is moving fast in price, plan on calling a 30 minutes delay in the execution of a market buy or sell order a good fill. At least it's still measured in minutes and not hours. So if and when it does happens to bounce, your order stands about a 99% chance of being executed at or very near "the extreme" of any particular spike.

Perhaps it's partly all those long boring days of near death that makes this latest run seem so explosive to some. But, having partaken of the good, the bad, and the ugly of the bowgy merry-go-round in years past, this lastest zing seems just a walk in the park.

Sell a little when it goes up. Buy a little when it goes down. It's not rocket science, by any stretch of the imagination. Resist Fear. Resist Greed. (Same ol' stuff Kirk preaches.)

-- posted by Hu