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New Trader Q & A New Trader's Questions & Answers. All of our members share their information with other Stock Market Cats members, and we are all here to learn from each other. Let's discuss our different stock market trading styles and plans here.

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Old 09-19-2007, 03:25 PM
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Idrove Idrove is offline
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Default Flipping a stock with a constant range?

http://stockcharts.com/h-sc/ui?s=INX...d=p23607479623

I have seen a few stocks like INXR. I was wondering since for the last 1.5 months this has been fluctuating between .0002 and .0004. Just wondering if it is a good idea to try and buy in at .0002 and flip it when it hits .0004? Thanks in advance for the input.

-d
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Old 09-19-2007, 04:19 PM
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BadThad BadThad is offline
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Default Re: Flipping a stock with a constant range?

Seems reasonable to me....but I don't like those darn pinks much. LOL
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Old 09-20-2007, 12:31 AM
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Default Re: Flipping a stock with a constant range?

Pay special attention to the volume on these stocks relative to share price.. .000X stocks are scary and despite millions in volume.. there usually isn't a whole lot of money being moved..

Also-- be careful to not get caught holding the ball when they decide to authorize more shares.. split shares.. et cetera... it seems to be common practice with alot of the .000X stocks.
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Old 09-20-2007, 01:02 AM
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Default Re: Flipping a stock with a constant range?

Volume is the key here.... especially with INXR If you plan on flipping it as soon as the buy is confirmed... go ahead and place your sell order... because up until today the volume had slowed down so much it was hard to get to the top of the que. I was flipping it between .0003 and .0005 for a while, think I called your attention to it, but my last flip I had to lower to .0004 and didn't sale until today and modified the sale order on Sept 9 th.
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Last edited by Weirdharold; 09-20-2007 at 01:05 AM.
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