how i am playing apg

There are some posts talking about hedging bets and taking profit or selling down stock due to weakness on the buy side. That's fine, but as a short term trader here is how I am playing APG...

Remember that the most successful people in spec stocks do one of two things:

1. They buy and hold when they see huge potential and wait. They never bet the house, just a modest investment that they can essentially afford to lose.

2. Active traders who find very liquid stocks and take small movements for profits.

Which one are you?

I am a short term trader and not a day trader. I was alerted to APG about a year ago and just watched. My entry was in low 5's after there were clear signs of other traders taking positions - i.e. volume and price shot up out of the accumulation phase.

Entry is easy - when do you sell? Either on extreme weakness that may indicate information leaked to other traders prior to a bad announcement or when you think fair value is achieved.

We have had neither. I am still long and my end state is a breakdown back into the 4's (stop-loss) or my second target of 14 cents. All this in-between price and volume is just APG marking time and some indecision overall - completely normal.

Successful traders and investors fight the everyday psychology of the market. Buy the dips and happy holding. Ann shouldn't be too far away!