GSPG - GoldSpring Inc - Page 26

Sharp drop these last couple of days. Closed right in the daily 50 MA range,
I bought a few .039's but I'm wondering if I shouldn't have waited a bit longer? Hard to say, but just to see JP Morgan on L2's is kind of exciting.

Isnt JP Morgan simpy one of the many market makers? or does their appearance mean something special?

I just haven't seen them on L2 before the last week or so, and they run a large group of different funds. I just thought it was cool because to me JPM
is really more of a big board market maker.

cool, well i hope it means somthing though I dont think the big boys can buy a low priced stock like gspg they have way too much money to invest but im sure you know that just sayin but it did rally off its lows so maybe that means somthin though i wouldnt buy at this point but who knows good luck

I sold all at .045. Im watching this now. Getting fishy.

I think the previous run up was just because no one wanted to be out when the 43-101 came out. Now they're getting tired of waiting. That Dutton report of 0.07 as a target didn't really help. Not as big as some people were thinking I would say. Who knows. I'm still holding right now. We'll see what happens. Did you take a profit on the .045 at least or a loss?

~Tom

Ace you were pumping this like crazy a day or two ago, so now that you've sold your shares and (hopefully) taken profit, "it's getting fishy?" You can just trade stocks and not have guilt, it's OK to take like 15 or 20 % and bail, I'm all good with that, but at least explain your comment.

Hmm, I put all my money into this stock, all in at .058
I'm down 2000, I really don't want to take a lost, should I hold or bail?

I'm just gonna hold and ride out the storm

Still holding here...

likewise

Pumping it. Sorry I dont pump stocks. Im not a paid pumper and I dont pump. I was posting charts and stuff. But the charts fell apart. I sold at .045 and took a loss. Im still watching.

you sold at a loss for .045, I thought you had bought large portions in the 30s?? I held strong from the .032s and still hold every share to this day. Im still up and even though we went back to back downer days I still held, I didnt think this would go down the tubes and it still looks like it might make some headway today....

Wow, you never should have invested that much money in a penny stock unless your net worth is so big that 2000 is nothing to you. But if this stock going down even further will hurt you financially get out NOW! But if you are just in this for some fun and games by all means do what you want, but if you wish to some day make a living as a speculator cutting your losses quickly is your first lesson and the biggest reason why great traders such as the great Jesse Livermore were as good as they were. GL

Kel_420
My suggestion to you in your further stock plays is to dial down the amount you invest. The stock market is not a get rich quick ticket, quite the contrary its one of the quickest way to lose money if not treated with the proper respect. Next time invest alot less so that when like Hotstockace who had lots of confidence in the stock decided that the stock wasnt acting right you can do the smart thing and cut your losses quickly and if you were only down say $50 instead of $2000 you wouldnt hesistate to get out if like GSPG the trend changes.

I did have some 3s i sold at 4. Then bought again a 5.

Oh yeah, I I have learned my lesson. usually I get out at the first sigh of trouble, if you read the previous post I made in this thread, you can tell I was worried. But everyone was so hype about this stock. I just wanted part of the cake.

Second lesson in trading....

~Tom

Watch for stocks that are making a big run up, and then come read their threads on here. You'll notice every single one is "the next big thing" and will be hyped to no end, even once the run is over and the momentum is lost.

Always buy a stock knowing what price you're going to sell at. If you sell and it goes higher, that doesn't matter. You didn't "miss out" on anything, you made a profit, and not a loss.