RXAC Trading Strategy and a Little Mo’
Posted by Admin on September 28, 2010 under Penny Stock Alerts Blog | 
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Well hello there good lookin’! As I suspected, I DID find some really good hype circulating for RXAC. This is a pretty compelling report somebody wrote about RXAC. Now obviously it’s designed to get people excited, but it IS pretty exciting. Hot penny stock picks always cause excitement. Who doesn’t love hot penny stocks?
Penny companies need hype to get the exposure and momentum we need to make profits. Hype has a snowball effect. Hype causes volume, volume causes the companies to show up on trader’s radars who use software to scan the market for abnormal volume which may cause them to buy it, that causes even more attention from investors and traders, which may cause more buying…and it goes on and on.
People can use hype to liquidate big positions they own in penny companies, so be cautious of course and watch out for big volume and no gains…but overall hype is what we want..no…what we NEED to make those sexy penny profits we all love so much.
If it wasn’t for the OTC and pink sheet markets, I don’t think I’d even want to get up in the morning. So I consider hype to be one of my very best friends.
This report is pretty exciting stuff. I wanted to include it in this email but it’s getting marked as spam, so I’ll send it separately. With materials like this circulating around the internet, there should be some salivating investors out there dying to get their hands on some RXAC.
It’s painfully long, but you should read it. It has some really good stuff in there. The information on the recycling industry and specifically about RXAC is great, even if it is presented in what I would call a “salesy” kind of way. Just because you have some mentally deficient used car salesman trying to sell you a car, doesn’t mean that the car itself isn’t fantastic.
There are some pics in there that I couldn’t cut and paste for some reason, but you can still get the message.
Now for a trading strategy (DON’T listen to my strategies, do your own research, make your own decisions, and consult with a licensed professional before investing) I think what I said in last night’s email is about right.
The lowest RXAC has traded in the last 5 trading days is 51 cents, so a stop at 50 cents should keep us well protected.
RXAC is GREAT for day trading. It made almost a 12% run yesterday from the low of the day to the high of the day, which is impressive for a 50ish cent company.
RXAC was trading in the 70 and 80 cent range a little earlier this year, so with all the hype going around I’d like to look for a move back there. Trade with caution and use a tight stop, but definitely be on the lookout for both day trading AND mid-term profits on this one.
Lock and load on RXAC…
Talk to ya later…
PSA – Penny Psycho
Don’t invest based on what I say (or the guy in the other email I’m sending!), do your own research and consult with a licensed professional before investing, only invest what you are prepared to lose.
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