Hey bud...sorry to hear you are down right now in SCOS. I, myself do not own this stock anymore...but for you guys' sake I hope it skyrockets.
Just a thought, Confused, but I strongly recommend that you learn more about doing your own DD. I have lost a bunch of ca$h by relying on someone else's opinion. For starters, read all of their news releases at:
http://finance.yahoo.com/q?s=scos.ob
and go on from there. If you don't feel positive about the company, put your money somewhere that you do feel good about. Every day is a new day. Play stocks that look good to YOU and make every trade a learning opportunity.
Happy Trading,
~River~
Bro, I got into this stock originally against my better judgement (it didn't seem like that great of a company to me, but I "gambled" it would bounce and had not followed what DD told me to do). I got OUT because my DD suggested I did, and I lost very little. Glad I got out now, but of course sometimes you get out of a stock right before it skyrockets, know what I mean? I don't want to bad mouth this company (out of respect for the shareholders) but it doesn't really impress me that much, never has. Of course, this doesn't mean it might not see a PPS rise soon, only time will tell. But, once again, look at the company for yourself and if you find something better for a good price, buy that instead.
Also, I strongly recommend setting up a trading strategy that includes a limit loss plan. In other words, if you ever buy a stock that starts to head south, NEVER let it go more than, say 10% loss. In other words, if you lose 10% SELL it before you lose even more. You always then have the possibility of buying it back at LOWER prices later if the stock starts to go back up...but only buy it again if you truly believe it's a good company, or at least a good short term play. The idea is to make your losses as SMALL as possible and your gains as BIG as possible. That's the only way to win on WallStreet (IMHO of course)...
Keep it up, bud, you will improve with time...but don't just rely on others, or YOU will never improve.
Happy Trading,
~RIver~
quote:The best way not to rely on others for your stock choices is to self-educate yourself on trading... below are book suggestions...also whenever you enter a position always put a stop/loss so that way you dont let your emotions get the best of you and you do not hold a losing position longer then you have to... im guilty of this from time to time myself... the worst enemies in trading are Fear and Greed when it controls you... in your case both of them controlled you.. this stock doesnt have very high volume but it did nicely yesterday and is doing ok today...
Originally posted by ConfusedTrader:
I sure hope you are correct that SCOS will rebound after Christmas. So far I have lost .31 cents per share. I have to rely on people who understand trading stocks more than I. I guess in 2005 I'll find out if I made the right choice or not. Good luck to all Allstocks readers in 2005.