posted
I am a relative newbie holding more stocks than I should have. With 28 holdings, only ONE isn't in the red. Some are way down. I've got to decide which to hold and which to fold before hubby sees this mess! Some of them, I know have no further hope (STTK, VWKM), but some of them, I'd like opinions on. Here's a sampling:
AMEP CBAY FMLY FPPL XLPI
TIA, Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
AMEP in the short term is headed down to .06 where it has support. You might get lucky and have it bounce one more time.. but at this point it has assumed a pretty flawless Descending Triangle. This means a break down is more than probable.
CBAY.. beats me.. chart looks bearish.. but still iffy
FMLY looks good.. nice bouncer with a defined range.. sell at the top, around .20 to .22, and buy around .14 or so.
FPPL in the midst of a bounce.. It will most likely stop the bounce at or around .0125.. This is a bearish stock which is bouncing off support on it's way down don't be afraid to sell it.
XLPI... dunno.. chart is kind of crappy.. might go a bit higher.
Overall lesson? Learn charting and don't hold these or any stocks for very long at all.. Good luck.
posted
Jo, a preface. Share price on any given stock can change severely because of company events, news, pumping, dilution, whatever. You must watch closely, several times a day, to monitor for any events which may change share price.
I have looked over the companies, type of business, track record, financials and all that. I will not discuss those here. You may ask for a discussion on a specific stock, but I would rather not write a bunch of books; expect very brief comments.
Based on current status, today's status, this is what I would do if holding these stocks.
AMEP - hold 30 to 45 days for .08 - .085 share price - sell CBAY - hold for 6 months then decide FMLY - sell on Monday regardless of price FPPL - hold for 1 to 4 weeks, sell at .01 per XLPI - hold for 1 to 4 weeks, sell at .015 - .018
Although in bad financial condition, CBAY has the most potential. I know real estate inside and out. Should CBAY carry through with their business plan, successfully, this one has very good potential. Currently, very bad shape.
You must stop chasing after pump and dump scams.
Pick some reliable people here and follow their lead. Tex, Dustoff, Jordan, Ten, Relentless, Glassman and especially Blue_in_MI. There are others whose monikers escape me for the moment.
Hold your big board stocks. Do not sell those. Given six months to a year, those will do fine.
Work on extracting yourself from loser stocks. Hold your cash, do not buy more. Build up your cash reserves and wait. In time, some of us will guide you through flipping so you can make good money, quickly. You must have a good amount of cash available, minimum five-thousand.
posted
A strategy, Jo, for those working with your conditions, is to cut losses very soon, hold your cash, learn more about trading while holding your cash, then make very careful choices based on extensive research.
Bottom line, get together as much cash as possible, pay attention to what trustworthy people are doing, do what they do.
Your best hope to earn money quickly is flipping. This is extremely risky but many here will help.
Read all articles here at Allstocks, all articles at this Hot Stocks board and the Newbie Help board. Do NOT visit the under .10 board. I am very serious, never visit there. Stats will show nine point five out ten stocks at that board are dire losers. Simply stay away from there. If you visit, you will be tempted and make mistakes.
Do NOT visit any other boards.
Seriously, do NOT visit the under .10 board here and do NOT visit any other boards.
Should you find a stock you think is ok, come back to your thread, this one, and post the ticker and ask for help. We will help. Do not buy any stock until you "clear" that stock here.
If you follow my advice, you will learn more about stocks in a few months than other people will learn in ten years. You must trust us, those who have suggested this thread to you, elsewhere.
This will become a very long thread affording much learning for all. Expect pump and dump scamsters and trouble makers to show up. You will be warned about them. Heed those warnings.
Do not listen to anyone but those you know can be trusted.
We will make you rich given enough time and trust.
posted
Jo, I am not good at playing stock on momentum... but am fairly decent on charts.. based on charts I shall try and give you some insight on your holdings..
AMEP: long term, bullish crossover.. short term.. might go sideways around the 200 day MACD.. the day it wont touch 0.066, would be your signal to sell from this point. 0.073-0.074 would be a good sell point for this stock for now. things are happening for the company based on june 30th PR. so you might just want to hold it for stock to meet either of the criteria and based on that, sell it..
CBAY: Unfortunate that everyone beleived crap like short squeeze so on and so forth, made profits when everybody bouught and then left noobs with bags. well, for CBAY, it has hit double bottom, so will have slight rebound from here IMO. on any day, if it closes below 0.28, sell it. else, look for 0.38-0.405, and sell it anywhere between those points based on the profit/loss margin you feel comfortable.
fmly: i read a lot on fmly threads that this is one of the best long term holds.. I havent done any real DD on this.. anyways.. from the charts.. i see it might be going back up. look for sale of 0.0165 with decent profit from here if holding it doesnt make you very comfortable. look for close below 0.014 and consider it as a selling point to prevent stop loss.
fppl had a good day today. look for 0.09-0.095 on monday as an exit point with profits. it will gap up and have a slight run on Monday before it goes down or aactually it might see all the way to 0.01 and upwards based on momentum and hype.. look for close below 0.045 if you want to prevent stop loss..
xlpi: look for a close below 0.012 and consider it as a sell point to prevent stop loss. look for 0.0155-0.016 as a good sell point with slight profits.
these are my opinions if I were you, i would be doing these.. they might not be applicable to you purely because of different styles of trading.. GLTY!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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quote:Originally posted by Purl Gurl: A strategy, Jo, for those working with your conditions, is to cut losses very soon, hold your cash, learn more about trading while holding your cash, then make very careful choices based on extensive research.
Bottom line, get together as much cash as possible, pay attention to what trustworthy people are doing, do what they do.
Your best hope to earn money quickly is flipping. This is extremely risky but many here will help.
Read all articles here at Allstocks, all articles at this Hot Stocks board and the Newbie Help board. Do NOT visit the under .10 board. I am very serious, never visit there. Stats will show nine point five out ten stocks at that board are dire losers. Simply stay away from there. If you visit, you will be tempted and make mistakes.
Do NOT visit any other boards.
Seriously, do NOT visit the under .10 board here and do NOT visit any other boards.
Should you find a stock you think is ok, come back to your thread, this one, and post the ticker and ask for help. We will help. Do not buy any stock until you "clear" that stock here.
If you follow my advice, you will learn more about stocks in a few months than other people will learn in ten years. You must trust us, those who have suggested this thread to you, elsewhere.
This will become a very long thread affording much learning for all. Expect pump and dump scamsters and trouble makers to show up. You will be warned about them. Heed those warnings.
Do not listen to anyone but those you know can be trusted.
We will make you rich given enough time and trust.
Purl Gurl
You are nuts! I have made 80% on my portfolio in the past two weeks only based on picks on the .10 under forum. PRDPONCE has been unstoppable and JIMSC is the man. You just need to pick the right ones from their lists.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by Purl Gurl: Jo, here is your first warning.
Do not trust Ruskin_Muskin.
People will become angry about my warnings. Tough luck. You have asked for help and this help will be provided with blunt honesty.
Purl Gurl
lol.. tell me what was wrong in my post purl .. I challenge you to counter me as to why you think anything i have posted on Jo's holdings are wrong and I shall not post on this thread anymore.. a good idea would be to be objective on a stock rather than holding personal vendatta against a particular poster
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
Jo, I would like you to set aside $800 if you can. I will not ask about your financial condition. Doing so is inappropriate.
Each market day, place a day limit order for ten-thousand shares of PGPU at .08 per share. Do NOT exceed that price. Chances are your order will never be filled, but there is a very slight chance. You must buy no less than ten-thousand shares at .08 per share, or lower if a chance comes up.
If filled, instantly turn around and sell at a price of .09 per share. This will sell very quickly. You will earn $90 after paying your commission fees.
PGPU - try to buy every single day without fail.
Should ALMI dip to a range of 1.55 to 1.60 per share, buy all you can afford. Wait one to two weeks then sell at 1.72 to 1.76 per share. You must buy two-thousand or more shares to make this a worthwhile return on your money.
IESV, if this dips to .046 to .048, buy at least forty-thousand shares, wait one to two weeks, sell at at .056 to .058 per. Clear at least one cent per share, no less. You will earn about $300 to $400 on this. IESV will not crash on you, nor move up much.
TCLL, more of a risk, high risk actually. Try to buy two-thousand shares or more at a price no higher than .26 or .27 per share. No higher than that. Then sit on it until we begin talking about it. This one is about a fifty-fifty chance of good profit. With your current conditions, I lean towards your not buying this one until you have extra cash. If to buy, you must buy within one to two weeks, well before a run in anticipation of their next 10Q due very soon. Maybe just watch this one; risks are present.
Just delivered a very hot '67 Camaro convertable down to the bottom of our hill. A show car which kicks and gets. Woke up the neighbors! Electric headers, wide open, laid down about fifty feet of black rubber out front, nice short burn hitting second gear.
I love it when a hot rod fishtails around when you romp on it.
Our daughter has placed me on two weeks restriction.
posted
I was going to warn Jo about you.. sadly I hadn't the chance before you rushed in to fill the page with paragraph after paragraph of usefull info.. I fear that is now over as I sense a story coming on.
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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posted
Jo... perhaps if you don't fell confident, try paper trading. Pretend you're playing with a limited amount of money, try to make it realistic. Pick stocks you think are going to do well, note the date and price and why you think it's a good buy. Keep a notebook of these "trades". This way you can go back, and examine your successes and failures.
Being new at something means you'll make mistakes. Notice them, notice the ones that repeat. Make this a learning experience.
Above all, trust yourself. Don't listen to most of the crap we say here -- people get emotional, wound up, take things personally, try to convince others of their opinions... it's a lot of noise. There are a few people here who are solid, keep an eye on the threads and you'll know who's worth their salt.
Look back at some older threads here (esp. those that span several months), read the posts, and looking at the dates compare with the chart for the stock they're discussing. It's funny as hell, and educational most of the time. You see plainly what mistakes people make, and how you're apt to make these yourself.
Hope, greed, fear, despair, patience. Observe yourself, observe how and when these qualities come into play -- it will tell you a lot about where the successes and failures come from.
Learn to read the charts -- start with basics of technical analysis. Trends, support/resistance, volume -- these should be always kept in mind, these are the foundations.
Observe the general market -- the major indices are your friends. Go with the trends, not against them. If the market is in a down trend, chances are that long positions won't fare well. Within the market, watch the sectors -- the money is always being moved around, when some sectors are bearish, others are bullish. When there's red across the board, hold your cash.
As far as your current positions... sometimes you just have to cut your losses. It hurts, but it saves you money in the long run.
Of the stocks you mentioned, I'd salvage AMEP and FPPL, and part with the rest. But that's just my uneducated opinion after a quick glance at the charts.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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posted
4&7, notice you are new...The following may help you find Allstocks has a tremendness talent base...There is a growing handful of people who are worthy of your trust.
4&7 says: "Don't listen to most of the crap we say here --"
I say, "Stand to close to the tree? you can't see the rest of the Forest". Also, crude? but does apply, "Don't throw the Baby out with the bath water".
Jo", We have posters around here who worked for the SEC, probably some old time inside trading house folks as well..We also have a "Real Criminal element from time to time....
The Whale' is not kidding! She has repeatedly drawn the sidewinders out..She paints with a Broad" ha ha Purl----> wide brush, she teaches with an IRON FIST.
me has spoken many times with a retired SEC department head...He is gone now, but those from the old CMKX, & QBID Wars know of whom I speak...
In a personal phone call way over a yr now, he recomended to me that I pay close attention to the Whale, If memeory serves me correct, he said the "lady really knows her chit". That was enough recomend for me...You see I also have tangled with the whale! But of course I won cause' me is a Macho man, hell I can eat garbage cans for breakfast! Sail the seven sea's with ez!
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
"I eat ten ton garbage trucks for breakfast then use railroad ties to pick my teeth."
ya but! a whale can't peeee from from Mauna Kea onto Mauna Loa and put out 'Pele! me can, so there..
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
why does every thread turn into general discussion forum? there is a seperate section in allstocks provided for exactly the same purpose. I feel a thread should be limited to its purpose rather than hijacked for general discussions. useless to pour over 40 pages of a thread with little or no substance and all we have to see is who ate what or who crappd where.. it would be good if all these discussions are done in off topic section of the board. thats just my opinion!!!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
Will comment on some the posts so far. Thanks everyone for caring.
quote:10 of 13 wrote: A few ? 1) How much time do you have to "trade" a day? 2) Do you have L2's 3) What is your trading style?
First comment...for a newbie..IMO you have too many "positions"
I agree that I have too many positions. I am trying to rectify that. I made a few good decisions last week. Got rid of PBLS at .032 and RMDG at .0016. Also sold half my XKEM at .52. Took small loss on PBLS, big loss on XKEM, even on RMDG.
I have a lot of time during the day to trade. Although, the past few weeks, I have been so trying to dig myself out of the hole, that I have been spending way too much time online to the detriment of other family things. I want to get out of this habit, and so I would say that I want to get to a point of maybe 2 hours per day.
I have L2's with Ameritrade, but not on all stocks.
quote: Stocktrade22 You are nuts! I have made 80% on my portfolio in the past two weeks only based on picks on the .10 under forum. PRDPONCE has been unstoppable and JIMSC is the man. You just need to pick the right ones from their lists.
Stocktrader22, I understand what Purl is saying. Yes, people can make lots of money following some of the people in the under .10 board. In fact, I made some money on FHAL a few days ago, and then promptly bought more with my profits and now I'm at a loss again. I think what Purl is saying is that right now, I do not need to try for any more get rich quick stocks. It's not that these folks aren't making money, it's that *I* am not experienced enough to know when to get in and when to get out. This has been my problem all along. I made some great "Profits" on some of these stocks. However, they weren't truly profits because I didn't sell....now they are losses.
quote:Relentless wrote: FPPL in the midst of a bounce.. It will most likely stop the bounce at or around .0125.. This is a bearish stock which is bouncing off support on it's way down don't be afraid to sell it.
quote: Purl wrote: FPPL - hold for 1 to 4 weeks, sell at .01 per
This was one of my worst buys. I bought at .024. So if it does get to .0125, I'm still at a 50% loss. But I only put $500.00 in it, so I guess I could at least get $250.00 back! Right now, it only has $160.00 in there, so it seems kind of pointless to sell now. (I have a few like that) Do you think that with oil prices rising that there might be some hope of higher prices?
quote:Ruskin Muskin Wrote: xlpi: look for a close below 0.012 and consider it as a sell point to prevent stop loss. look for 0.0155-0.016 as a good sell point with slight profits.
quote:Purl wrote: XLPI - hold for 1 to 4 weeks, sell at .015 - .018
Funny thing is before I bought this, I watched it. Nearly every other day, it went from .0013 to .0017 or .0018. Sometimes it went as high as .0020. I decided to put a buy order in for .0013. Took many days to fill. Finally, it filled, and now, of course, it hasn't gone past .0014 since I bought it! This is how my trading goes. Seems I can't win for losing. Thanks for the advice on this. I've set a sell point for .0017.
There's a lot of info now in this thread, and I appreciate so many of you trying to help me out. I can keep you posted on my progress. And I as I get rid of some of these, I shall post some more.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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I realize now that I SHOULD have cut losses when things got below a 20% loss. However, that's a lesson learned and now I have things that are way beyond that.
As a general rule, at what percentage of loss should you just hold it since selling would bring so little cash? -50%, -60%, -75%, -93% ( LOL, yes, I DO Have one that is -93% NNRF)
Thanks, Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Some times the answer to selling at such a loss is yes...but not knowing all of the stocks that you have and the time frame that it may take to get them to a little higher PPS...the answer is not known...
I am of the opinion that if you bought some of these on a "pump" they may never go back to where you bought them...so sell and take the "good $" to start increasing your Capital...
You need a "game plan" at this point and then On Monday start your game plan...
Maybe list some more of the stocks and also the purchase price??
Let's see what others will say...these guys will help you through...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Jo, about stoploss, I keep mine generally limited to 10%, if the stock is purely running on hype and good charts. if the company is awaiting news like fhal last week, I give it a little leeway and increase it by another 5% and make stop loss at 15%. NEVER more than 15%, becuase there are many more winners out there. Charts reveal it out flat as to how low a stock can go and what your stop loss factor can be most of the times.
About profits, on any single holding, I hardly expect more than 10%-20% profit. I then pull my capital and sometimes alltogether, except if the chart is overly bullish, let my profits ride based on chart. my gains are severely limited anywhere between 10-25% because of this strategy (assuming the stock doesnt take a plunge like xkem on July 1st).
NNRF was a pure pump and dump. unfortunately some more trusted guys like subennyradio were also involevd in the pump. a lot of investors lost out on SFDE/NNRF and many other plays of SPR. so key is to just trust yourself and the charts, because everyone here might lie but charts never lie . and yes, XLPI will take quiet a while to get to 0.017. it went to 0.017 daily because it was holding onto 200 MACD support. now it has fallen from 200 MACD, and that shall act as its new resistance.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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Many of them front load, start a volume increase before they announce and sell into the upward movement, then they release the PR..Time it just right? Payday...
But now folks are far more conservative in there buying into the hype..Seasoned traders know what will happen..Down after the high of the PR..I generaly "always search out the source of PR'S before even looking at profile or a chart..Time? into the SEC tab on Ameritrade.
I stay outa trouble following my "rules, when I break my own rules, I generaly get my head tore off in a stock deal..
RM, settle down and don't get so wound up at the fart of seagull..Man, you spook easy. We will put our thoughts down, more so when you antaganize...Haven't you learned yet that the process of getting a character assessment on some posters is their reaction to coments...
Keeping this thread going in this forum is what needs to be done..The action is in here not out in "gravel path" territory.
Regarding pennystock trading... heres a great article of which I have taken printout and stuck it on the wall. I found it here in allstocks when I was a newbie, but havent been able to find it in search offlate.However, I have it posted in another forum of whose link I am posting here. I read it very often. luckily, for me, the number of times I read it is decreasing substantially offlate.
Regarding some books on successful trading, I have heard Toni turners books are pretty good. I am going to barnes and nobles to read it over the weekend and shall post reviews here on Sunday evening.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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1) http://www.s t o c k h i d e o u t .com/penny-stocks-momentum-stocks/6445-s t o c k h i d e o u t-penny-stock-free-tutorials.html
2) http://www.h o t s t o c k m a r k e t .com/forums/showthread.php?t=36857
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
I will be posting a few of my picks that went up to 400% gains and then held..many were Nasdaq picks, I posted them mostly here on the Hot stocks...
Here's a couple..."Having a problem pulling up the old threads..
EVST posted at $5.71 hit $20.63 NAVI ''''''''' at $1.25 hit $5.59 MYOG ''''''''' at $20.85 hit $42.27 RNAI ''''''''' at $3.00 hit $8.52
posted
My comments on trusting or not trusting select people has nothing to do with a person being a good person nor a bad person, nothing to do with a person being smart nor ignorant, nothing to do with being nice nor mean.
My branding select individuals as not trustworthy is based solely on displayed knowledge and known degree of experience. Nothing more.
If you do not have at least five to ten years experience at intense stock trading, you have no business providing advice to others.
This year, I am sitting on twenty-six years of experience in trading stocks, very actively.
I tend to believe there are none here who can equal my experience nor my knowledge.
I do not mince my words. Those who do not like my blunt honesty, go cry baby to your momma.
posted
Trying to point out, do not forget the Nasdaq, Amex, Dow.
Some say, they cost to much, can't get enough shrs. Well, I guess they do not understand percentages.
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
Just a note on XLPI they have a lot going on. Small volumes but a solid support should keep this level with a little growth. I have a small position in this also and they are putting things together nicely. good dd available.
as of july 12th, 2006:Authorized: 700,000,000. Outstanding: 387,563,794 Restricted: 162,668,512 Float: 171,891,966
I'm on a 4 week short term hold for now. My opinions don't count for much as I have only started real trading recently myself. I have just finished recovering from the exact same thing you are now, but I started at less than 1k. Good luck. This forum has saved my azz twice already since April.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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![[Frown]](frown.gif)
Some are way down. I've got to decide which to hold and which to fold before hubby sees this mess! Some of them, I know have no further hope (STTK, VWKM), but some of them, I'd like opinions on. Here's a sampling:
![[Smile]](smile.gif)
.. I challenge you to counter me as to why you think anything i have posted on Jo's holdings are wrong and I shall not post on this thread anymore.. a good idea would be to be objective on a stock rather than holding personal vendatta against a particular poster ![[Eek!]](eek.gif)
LOL, yes, I DO Have one that is -93% NNRF) 
