posted
I only work one stock. I work cnes. It changes about 4 points a day. UP in the morning down in the evening. I buy in the evening and sell then next morning. 500 dollar incruments. It works about 3 or 4 days a week for a 100 bucks. some days it runs really good. if I miss and I wind up having a high base price I just wait a day or two and buy at the evening low which pulls me back down into the range for the following week.
I only buy it once a day or sell once a day to avoid ameritrades daytrade rules. I am on probation with that.
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<pennywise>
unregistered
posted
cnes is a slow riser also the float has to be right. cnes has 3 possible runs in the next few weeks so I am increasing my quanities each day....
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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I tried riding all the pump and dump like everyone else and I lost about 4k... so i decided to switch and I found this system.
I fell in love with this stock and since it runs like a wave i ride it... the mm's will only let it go 4 points a day so today it fell 4 points. so I lowered my base price. but I buy friday evening. sell monday morning. buy tuesday evening. sell wed morning and so on...it gets about 4 point movements a day.. so you can do a hundred to two hundred dollars in profit a couple times a week.. its got news coming so it will run in the next 4 to 8 weeks... but I would like to have about 10 like this... so keep your eyes open for this cycle... it won't work in the .0001's because you get stuck in those i am stuck in prrm right now.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
I mentioned this technique about a month ago... where you buy a stock about 5 days before its earnings come out (on rumor that the earnings will be very positive)... slowly the professional traders and MM's will also do the same thing and the stock slowly goes up in those 5 days.. on the day of the earnings you would sell the stock just before the earnings come out or right when it comes out whether positive or negative because the stock will tank from all the pro's/MM's selling it off and going short .. they will sell to the late comers or dumb money who wait for the earnings to come out first... this is what happened with Ebay this week even if the earnings werent a penny off and had been positive... i didnt buy into ebay because its too much per share for me but this can be used on Pennies every quarter earnings report....
Posts: 4669 | Registered: Mar 2004
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posted
I did the same thing with BTOR for a couple of weeks buying at .005 out at .007. It sometimes took a day or so to move but made a 100.00-200.00 each time. closed at .0029 Friday for a 52 week low so I'm holding shares now till it goes back up.
-------------------- You never really grow up you just learn how to act in public. Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
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I like this cnese but I am looking for more. I hate the pumps..... so i will take a look at btor... I would love to have about 10 that i am intimate with. Last week I rode msep. I think if we can make 100 or 200 bucks will will do better than thinking we will be rich. so lets work on that...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
guys take a look at btwo... it looks like one we can ride the waves of... although wait for it to hit a low.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
Yeah, I did this on paper in highschool. AIP would go from 1.25 to 1 and back. I figured such trading wasn't realistic. Actually, so far I'm finding that my buy doesn't always go through. I guess for small money this is a good strat tho.
For bonus points, check out AIP's current price.
-------------------- May your trading build your character as well as your portfolio. Posts: 1763 | Registered: Jan 2005
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Do you knopw what it means when the SEC puts an E at the end of a stock symbol, ready to up @hits creek, thats what! Under investigation
Posts: 52 | From: mass | Registered: Nov 2004
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posted
you can almost never buy at .0001 and sell at .0002
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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posted
well guys CNESE is up 12% today.. good call BTWO did even better 28%
heres another that goes up and down within a narrow channel, IBCS also, its more expensive but ESCC goes up and down every few days, just a few percent, but slow and steady wins the race
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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posted
now watch, today it moved 4 points (cnese) it always does every day. so if you got in in the evening low you could sell on the morning high. its like clock work. the mm's do it every day the only time it varies is when there is news then the mm's will let it run...
stay away from .0001 and .0002 you can never sell I am stuck in prrm right now...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
Not a bad day today ladies and gents! Made 300 bucks on the JRVC spike today. Check the days range for yourself, this is one I will keep a close eye on.
-------------------- I Plan to Never Fall Short.....Again. Posts: 47 | From: Oklahoma City | Registered: Jan 2005
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IGATE, going off this list IGATE looks pretty good. up and down daily and earnings call on Feb 17th.
Posts: 391 | From: Tallinn, Estonia | Registered: Aug 2004
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igte has a swing but it would take 5000 bucks to make 100...the trick is to find a penny stock that swings...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
Probably due to low volume.. you need stocks with very high volume to get in and out quickly when you want to before the price changes drastically...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
No, I got stuck in afrd and i am currently stuck if prrm and the reason is the float is to large.
for me seems like all the .0001's I get into look good for a day or two but then I discover the float is so large you can never get out.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
I'm new at this and doing some research, this method seems somewhat reliable. Judging by last friday/monday, I calculated, using BTWO as an example, that if you bought friday night and sold monday morning, you would have made roughly a 50% increase.
Is there a way to do this without breaking any of Ameritrade's rules?
Sorry if any of this sounds extremly newbie-ish, i'm 17 years old and just learning about the stock market.
-------------------- - Mike Posts: 1 | From: Annapolis, MD | Registered: Jan 2005
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posted
to avoid breaking ameritrades rules just dont sell and turn around and rebuy in the morning.
I think a fellow should be intimate with 10 or 20 stock that he is working... i work gtel, gzfx, ncdp,cnese, msep lftc
I am totaly intimate with cnese. I can tell what the mm's are going to do.. like today 22-27 closed down 1 pt... I missed today I had set to sell at .003 so I was a little high. i wish I could have got some at .0022 today..
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
the only problem with this is that I wind up studying and learning a stock so much that I will fall in love with it and not want to sell it and I wind up being long.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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