Bought SAY At $1.97
By admin on May 6, 2009 in buys
I just bought a small position (just 200 shares right now, tried to buy 275 but only 200 were filled) of SAY (this stock is on my screener) at $1.97 — it’s been heading up nicely since just before noon and it looks like it could gain quite a bit more.
I’m going to try and hold this long enough to give it a chance for the big pops that I keep on missing by selling too early. But at the same time I think it’s important to cut losses quickly so if it heads the wrong way I’ll get out.
I’m leaving my buy order open so if it falls back down to $1.97 I’ll buy the other 75 shares.
This is my second buy with SogoTrade and I’ve been quite impressed with it so far. My trades (up to 100) are free for the first month so that lets me make some trades with low amounts of cash without worrying about the commissions.
The good news is also the bad news - the price went down so I was able to pick up the other 75 shares. Of course that also means the price went down… but it’s only down about 1% (to $1.95 currently) so I’m not too concerned. I think this one will pop tomorrow.
admin | May 6, 2009 | Reply
SAY is not moving. But I’m trying to remain patient. A lot of times this kind of static activity is the calm before the storm.
And the good thing is it seems to be “consolidating strength” at this point (which is right at my entry price.)
admin | May 8, 2009 | Reply
Today it finally jumps (it’s up 17%) to $2.13 … too late for me.
admin | May 18, 2009 | Reply