Like im always saying, im new to this, but all the stocks i have picked so far have gone up 20-150% the next day. but idk, let me known what u guys think, yesterday had 8X avg. volume, and today same thing, very low close today too. lmk what you all think. thanks a buntch
Posted by ItsJustMe on :
If every stock you pick has gone up 20-150% the next day, I would love for you to send me ALL your picks! ;-)
This one does look way oversold and I like good bottomfeeds so I'll watch this one tomorrow. However, if it gaps up in the morning, then you're a little late with your recommendation...
Posted by ItsJustMe on :
I jumped into MGEN and SEVI this afternoon as bottom plays. Both down 19%...
Posted by nick on :
lol, that sucks
Posted by BENJAMINS on :
hey nick, what do you use for your picks?
Posted by ItsJustMe on :
No, no - I mean I jumped into them "after" they fell 19%. I like stocks that are oversold but you have to be careful.
A quick check of QMMG shows that they issued a PR yesterday announcing that they can't pay their debt and are going to have to restructure due to some undisclosed liabilities of companies they acquired and some embezzlement by former employees.
That sounds like pretty poor due diligence and pretty poor employee management. Any particular reason you think this one will pop back other than volume?
Posted by nick on :
i just look for stocks with high volume today, that didnt go up in price to much or went down in price, and that the volume is way above the average. it seems to work like everytime, sometimes up like 10%-30% or like 70-150% like nann
Posted by nick on :
lol, didnt known u couldnt type websites on here. but about the debt. i dont known, i just thought it looks good with the volume and everything. im new to this, and dont known much about how news affects stocks.
Posted by ItsJustMe on :
You're right - NANN was up over 100% today because it was way oversold yesterday. It appears that what you're doing is picking up major league panic selling.
Your only risk is that often the selling will continue day after day. Do you wait until the next morning to buy in after you know it's moving up?
You can type in websites, but you have to outwit their blocker. For example, you need to type in american bulls . com and it won't get blocked. What is the website you're using?
Posted by nick on :
that one, lol. check this stock out its crazy.
EGGSQ
it looks nice, the volume it like 50X the average and it droped 80% today. let me known what you think of that one too. mabe there is really bad news or somthing. idk.
Posted by nick on :
lol, looks like you and me are the only ones that are discussing this
Posted by ItsJustMe on :
Egghead.com? I can't find any news but anytime a stock drops 80% in one day, I can assure you that there is bad news somewhere.
However, that obviously doesn't mean that it won't bounce back a little as you're discovering. People panic at bad news and then dump their stock at ANY price they can get...
Posted by bowlegtroy on :
I kinda like this stock today as well. Volume a couple of days ago was really high, and RSI is just coming above 30.
We'll see what Monday brings.
Posted by RWGATORBLUE on :
EggHead is filing Chapter 11.
Posted by bowlegtroy on :
I guess I should have clarified that I like QMMG and not EGGSQ!
BTW: Regarding EGGSQ --> Even though a company files chapter 11, it isn't the end of the stock unless they determine that selling off all assets and clsoing doors is the best thing. That is yet undetermind for EGGSQ. Also, I've seen chapter 11 companies pop for good profit for no good reason and reasons like restructuring complete, etc.