Good morning! Hope all is well for you. I wanted to go over a little bit about how, with a little patience, you can build a strong position in a company. Itronics is a company that I have on the radar. Thier stock has established a pattern of trading between .0020 and .0035, but mostly from the .0020 to .0028 range. This is a company that some may just throw $100 in at .0020 and just ride it to the big pop. That would get you 43,500 shares after a 12.99 brokerage fee (Etrade). If you happened to ride it up to the .0035 range, you could have sold minus the fee and banked $152. Buy back in at .0020 (minus the fee) and you just bought 69,505 shares....then you repeat, repeat and repeat......who knows how many shares you will have when a huge increase comes around. Don't get discouraged if you are out of the stock and miss the huge gain.........if you made a profit you have nothing to be ashamed of. There is another .0020 company we could find for you to do the same thing with.
I once in a five day period went from 4,000 shares of a company to 14,400 shares just by selling high and buying back on the dips. Remember, I am no genius. It is just a mixture of patience, luck (catching the highs and lows at the right time), and paying close attention to the pattern swings in the stock on a day to day basis.
If you find a company that you really believe strongly in but wish you had more money to sink in to it.........you can create that position by maneuvering in this manner. Just make sure you do not exceed the number of day trades you can execute in a 5 day rolling period (you will get a warning from your broker not to do it again-first offense-believe, me I know!). This number is three. If you are playing the same stock for a month, you have plenty of chances to fortify your holding.
Here is the latest news on Itronics: Have a great trading day!!
Itronics Reports Auric Gold Has Staked 90 Mineral Lode Claims; Project Covers 1,800 Acres
Itronics Is Expanding as a "Green" Natural Resources Company
RENO, NV--(Marketwire - November 17, 2009) - Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) wholly-owned subsidiary, Whitney & Whitney, Inc., reported today that its claim staking contractor has completed staking 90 mineral lode claims for Auric Gold & Minerals, Inc. (Auric). The project now covers approximately 1,800 acres of land and the claim staking is continuing.
Whitney & Whitney identified the polymetallic gold project, which is located in Nevada, and agreed to assist Auric acquire the highly prospective mineral property. The land acquisition is being accomplished by staking lode mining claims on Federal lands managed by the U.S. Bureau of Land Management.
Auric is a majority owned affiliate of Whitney & Whitney, Inc. and was formed to acquire multi-mineral (polymetallic) gold properties and to strategically invest in junior gold and minerals companies that provide the opportunity to develop and commercialize environmentally friendly polymetallic gold projects.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean Technology" Company that produces GOLD'n GRO liquid fertilizers and pure silver bullion. Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant in the United States that converts spent photoliquids into pure silver and GOLD'n GRO liquid fertilizers. The Company is developing environmentally compatible mining technology, provides project planning and technical services to the gold mining industry, and operates the popular InsideMetals.com web site, http://www.insidemetals.com, which provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and international awards that recognize its ability to successfully create and implement new environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns and houseplants, and are available, along with liquid fertilizer injectors, at the Company's "e-store" catalog at http://goldngro.com. The popular Silver Nevada Miner bars are available at the Company's "e-store" catalog at http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
No comments:
Post a Comment