[jacobnbr1]

I don't always trade the penny dogs but at this moment there are a couple of trades that i am working on that are penny dogs...

Actually the stock in mention is- was a midcap stock that has been beaten down to the dollar range and against better judgement i took a small position of it and was just looking at it with this method to see if something of value can be used.
For the most part when i buy a stock i pretty much ignore all the noise and let the stock do as it needs to do and recheck it every 15 days or so to see if anything has changed.

Thanks for explaining the pp as my question was answered.

I have tried trading a break out of rissistance levels and have found that when i do this they fade back and few actually take off, maybe this is the method most traders are doing know...


chris