i bought more today because

I bought more today because

When a stock shoots up in such a short time there is profit taking, with recent levels sub .01 many will have nice profits, this is to be expected, if you were willing to swing trade taking the chance that you wont be out when a ANN comes out, then I say good for you, Im not willing at this stage to day trade it until some sort of sensitive ANN comes out explaining what there up to this year, after all, they have to be proactive in some form?

When the share price was moving on a consistent up trend it was proving to show consolidation, however the fast run to .018 would have set tight stops? and then comes your typical sell down when there is nothing to support the jump other then speculation..

Today?s team work of 2 well known down rampers may have even caused some sort of emotional panic to novice traders who have taken a punt purely from the likes of the positive opinions given from myself and others, with the threads today being filled with emotional words, defensive wording, anxiety and obviously at times pure ignorance, one could expect some to panic.

For me its simple,

The volumes have been so strong, the technical analysis proved to be a buy for me around .009-.010 ?. My research in which I have shared at least 80% of it with you all has shown that Mooter could well be involved with hotshots soon to be launched online program. In my strong opinion I am actually without a doubt sure the link is correct, however it is at this stage speculation..

The Team of hotshots not only proves 3 members from the Mooter team, but also shows Peter?s on Son involved, Chris.. The combined knowledge of this team will prove to be of great substance to this company, bare in mind there is much advantage that Mooter has to offer Hotshots, for one they have money in the bank, they are listed, the companies go hand in hand in this line of industry.

I believe it got over sold today for many reasons, sitting on major support level when hitting .012 as I posted in my previous chart, nerves would be well kicking, triggers got hit, day traders had to pullout, profit takers thought may as well cash in? All in all it created a perfect time to buy if you were game enough to put an order in at the support level of .012?

If I were all for just ramping it up for a quick profit then I would have been out already, Im in this till some sort of prospectus is released so we know what is going on? If the link is proven correct, then tis will turn from a mid term trade for me to a long term trade, the reason is, Internet generated income from the likes of gaming and social networks has proven in recent times to grow at such rapid rates, a once valued million dollar company becomes a multi million dollar company? This is what I am hoping for, if the link becomes fact then a major re-rating will happen, If this proves true then we wont be waiting to read there quarterlies to know how well there doing, I would say we will see reports on a near month to month basis..

I bought more today cause some sort of sell down had to happen without news, perfect buying time, with my strong opinion that my speculation will prove to be correct I just had to buy more?

Have the best weekend people?

Hope news comes soon.. Down rampers will always come, they are usually bitter due to missed opportunities, or they have bought at higher prices only to sell at the bottom and cant handle every one else making profits? markets are emotional, and in my experience we are witnessing typical trading of sorts?

Im shooting down the club for a few drinks, join me if you like... ;)

See you all Monday..