It seems to me like more and more penny stocks are just sinking to oblivion. Runs are not as frequent or last as long as they once did (1999 - 2006). The volume is decreasing. What do you all think? Is the Penny Stock Market headed for the end?
Posted by Low Bawler on :
American small businesses gain better access to equity
By Brent Bowers Published: January 30, 2008
Under the changes, which were approved by the commission on Nov. 15 and are retroactive, the investors must wait only six months to sell the securities and can part with them all at once.
"The changes will likely make private placements by smaller publicly traded companies much more attractive to investors," said David Danovitch, a partner at the Manhattan law firm of Gersten Savage who specializes in securities laws. "When the credit markets tighten, people run to the equity markets, and now it should be easier for companies that are starved for cash to tap into them."
Two years ago, Danovitch said, the SEC relaxed the rules governing registration statements filed by publicly traded companies with a market capitalization of $700 million or more to give them better access to the capital markets. Now, he said, it is extending the benefits to smaller companies.
Investors will also gain a greater degree of liquidity and thus a better chance of making a good profit.
"Smaller businesses are a critical part of our nation's economy," the SEC chairman, Christopher Cox, said in November in announcing the unanimous vote to make the amendments. He added that the new rules would "make it more efficient for companies of all sizes to access the private markets."
One entrepreneur who is delighted with the changes is Ian Warwick, chief executive of the Aftersoft Group, a $28 million maker of software for car repair shops, car parts distributors and other car-related businesses.
Aftersoft originated in Britain, entered the U.S. market in the early 1990s and is now seeking to expand. It is No. 1 in Britain, with 68 percent of the automotive software aftermarket, as it is called, and is hoping to achieve the same status in the United States within two years. It now holds a 12 percent share.
Warwick said his company's software could be used in other industries.
"We could expand to the lumber industry, the plumbing industry - the possibilities are endless," he said. "We have a very aggressive growth plan."
To achieve his ambitions, though, Warwick, 48, needs to raise money.
"We spent the better part of last year raising funds," he said. "It would have been a much quicker and more efficient process if the new rules had been in effect."
He said he expected to go back into the market late next year. Before doing a private placement, he says, he wants to get Aftersoft's stock price up to $2, from about 30 cents a share today. If he succeeds in increasing the stock price, he will seek to raise equity to do a spate of acquisitions, perhaps shooting for as much as $100 million if he decides to make a takeover bid for his major competitor, Activant Solutions.
The global effect of the looser SEC standards is anybody's guess at this early stage.
Brian Overstreet, president of Sagient Research Systems in San Diego, said its PlacementTracker service found that the number of deals in the United States involving private investment in public equity stabilized last year at 1,378, compared with 1,343 in 2006. The funds raised, however, surged to $81.5 billion from $28.3 billion.
He attributed about $40 billion of the increase to a frenzy of transactions by big investment banks in the last four months of 2007, aimed at resolving their subprime woes. Even taking that factor out the equation, though, he said, an increase to $41 billion from $28 billion was significant.
He cautioned, however, that most of those deals were made under different and more investor-friendly terms than those of Rule 144, and thus were not a barometer of future Rule 144 activity. Still, he said, the changes approved by the commission were bound to prompt more small companies to turn to the rule.
People are just starting to price deals under the new regulations, according to Danovitch of Gersten Savage. And while the change will make it easier for small-capitalization companies to gain access to the capital markets, and to do so on more favorable terms, it is not clear how much more money will flow to them.
"I'd say the companies that will benefit the most from the changes are those with a market cap of less than $100 million," Danovitch said.
Posted by hedfe on :
well i remember this site used to be crammed with posts, now its dead, where'd everyone go? Posted by Uncle Smelly on :
quote:Originally posted by hedfe: well i remember this site used to be crammed with posts, now its dead, where'd everyone go?
They all lost their money, lol
Posted by Homersbud on :
quote:Originally posted by Uncle Smelly:
quote:Originally posted by hedfe: well i remember this site used to be crammed with posts, now its dead, where'd everyone go?
They all lost their money, lol
Yup, they sure did. When I joined this site in '05, this board was hot. Every couple of seconds there was a new post, now we'll be lucky to get a new post every couple of minutes...
I'm nearly done with these penny stocks myself. 95% of them do nothing anymore. If they do, they usually go down because the company dumps all they can then they'll R/S even when they state they won't.
Fawk this market.
Posted by stocktrader22 on :
yeah penny stocks suck, no where near the runs they used to have and no special R/M up 36,000% anymore lol
Posted by Nile on :
Any one who knows the stock market knows that it goes through waves. While the stock market is good pennies are booming also, but when the stock market is bad, people are not as risky with their money.
Just give it 6 months and it will be back to the regular post. It's sad that we have lost so many great people due to bad calls or loss of capitol.
I know I have been away for a while but just got the bug back itching again.
Posted by BlindMellonChitlin on :
Seems to me that the pennies naturally kill the penny market. For a 'run' to 500%....someone has to be the bag holder for others to make a killing. Do that very often and soon there are few willing to be bag holders.
In other words not many suckers as there used to be,
Posted by Uncle Smelly on :
quote:Originally posted by BlindMellonChitlin: Seems to me that the pennies naturally kill the penny market. For a 'run' to 500%....someone has to be the bag holder for others to make a killing. Do that very often and soon there are few willing to be bag holders.
In other words not many suckers as there used to be,
Well, you know what they say about suckers...there's one born every minute. We just need them to grow up, lol
Posted by kermit42 on :
You only need bagholders if the stock retraces back. If a stock maintains its value, then you can have a big run without big losers.
Sub-penny is dying, IMO, because virtually every stock is a scam and people are tired of throwing good money after bad. It's too hard not to get burned and, besides, who needs 500% runs? At higher PPS levels, you can make serious money fast 20% at a time with much less risk.
Posted by Homersbud on :
quote:Originally posted by kermit42: You only need bagholders if the stock retraces back. If a stock maintains its value, then you can have a big run without big losers.
Sub-penny is dying, IMO, because virtually every stock is a scam and people are tired of throwing good money after bad. It's too hard not to get burned and, besides, who needs 500% runs? At higher PPS levels, you can make serious money fast 20% at a time with much less risk.
Well said, Kermit.
Posted by gumzsa on :
I dont know what you guys are talking about because pinksheets did record trading volume in 2007.
yeah but probably most of the volume is from companies dumping shares
Uh...dumping shares on WHO...lol There must be buyers to dump on eh...
Posted by T e x on :
you guys should read the article... pretty interesting
Posted by wallymac on :
There are plenty of scams in the penny market but there are plenty of opportunies in the penny market as well. Those that learn to trade them properly continue to trade and make big money on them. IMO, this will always be the case.
The one thing I have noticed is that when the big markets are down the pennies get more action. The big markets have done fairly well during the past year, until recently. Take AAPL as an example. It had a great run until recently, heck I remember it being in the 60's and going to 200 but
On the reverse side I have seen MANY pennies gain over 100% during that time span. It's all a matter of getting in at the right time. That being said, I do think that quite a few new investors bought into the CSHD'S, SLJB'S, CKYS'S etc and got killed. They more than likely no longer trade.
If you look at the number of posts to determine whether pennies are dead or not, IMO, that is not a good indicator. I will use myself as an example. I tend to post less because of my personal disenchantment with other posters, who would rather blame someone else for a trade than take personal responsibility for their own actions. I lose on a lot of trades and have no one to blame but myself. Whether because I got to greedy or because I chose to believe someone without doing my own DD is irrelavent. I did what I did. I pulled the trigger.
Sometimes the company dilutes and we as traders/investors had no idea, well those are the chances we take.
A keen eye with the right discipline will garner great dividends, and those people, IMO, are still trading but being a bit more quiet about it.
Remember that in all things in life there are cycles. In fact that is exactly what the stocket market is about, CYCLES. If you obtain the knack to figure them out, you succeed, if not you die.
As long as the penny market continues to provide the opportunity to make huge gains it will always be here.
I wish all the best of luck in their trades.
After reading the article, I would be looking for the MM JANE to be on a stock, WHY? Look at the volume VS the Shares. Might be interesting to follow don't you think?
Sincerely Wally
Posted by TopRob on :
I agree with most posts here that pennies are loosing their glory. I also notice that they just don't run like they use to for the pass year. There use to be several pennies running at the same time nearly every week and I couldn't keep up with all of them at times. Now you are lucky to see one run a month. I think there’s just too many scam stocks out there now and everyone is getting burnt. It seem that the only one making money now is the CEO's with their out of control dilution and the MM with there illegal shorting. With the economy in bad shape now, people just don’t want to risk loosing to a bunch of crooks anymore. So, unless the SEC steps in with better regulation and start going after the scam stock management team, you will likely see less and less pennies worth trading.
Posted by BlindMellonChitlin on :
I agree. I have a few pennies left that might make some money. After those are gone I think I am finished with the scummy pennies.
Posted by live2trade on :
I think this board has just lost a lot of posters and other site forums have opened up causing the loss in posters which in return is causing the speculation that people are not investing in penny stocks. Check out all of the investors on ihub - ton - penny profilers growing quickly. they all have chart reading info that has great visible examples. I have not seen it on this board since I have been on here. That is my opinion. Everybody will always look to make a quick buck so there will always be penny investing.
Posted by BlindMellonChitlin on :
The pps and moves of pps are available for all to see. There has been a definite drop in both volumes and price swings as far as I have noticed.
Posted by TopRob on :
quote:Originally posted by live2trade: I think this board has just lost a lot of posters and other site forums have opened up causing the loss in posters which in return is causing the speculation that people are not investing in penny stocks. Check out all of the investors on ihub - ton - penny profilers growing quickly. they all have chart reading info that has great visible examples. I have not seen it on this board since I have been on here. That is my opinion. Everybody will always look to make a quick buck so there will always be penny investing.
The reason there are less posts here is because there's no action going on with pennies so nothing new to talk about. If stocks were running like they use to, you would be seeing a lot more post. Even on IHub, there's just mostly talk about nothing good related to the stocks.
Posted by RWGATORBLUE on :
No, I don't think they're drying out. I just think that more of you lazy ones should get off your butts and spend your hard earned money and make these things run so I could make should loot. baby needs a new pair of shoes and you guys aren't helping at all. Have a nice day.
Posted by stocktrader22 on :
Pennys are definitely not running like they used to.
Posted by Average Joe on :
There has definitely been a drop off. We've lost alot of great posters from this board too. Yes, MM price manipulation and shorting is a problem. But a bigger problem are the " third party stockholders ". These guys own millions or 10's of millions of shares of a company for various reasons( former board members, people who lent the company money and received convertibles as a perk, stock received at a discount, etc.) They hire an IR/PR firm to promote the stock and give them a portion of shares as payment, the company comes out with news releases, the stock starts its move up, then the " third party " starts dumping his shares. He doesn't even care about the price, he just wants to keep it afloat long enough to get out of his position, its all profit to him anyway. By the time the average trader catches on its too late. The company gets burned, the promoter looks like a pump & dump guy, the trader is a bag holder and only the " third party " has profited. Most all companies just starting up have someone out there with lots of stock to dump. That's the main reason WHY these penny stocks should not be held after those initial run-ups. We all get greedy. We are not satisfied with that 20-30% profit. We don't want to miss out on " the big run ". Next thing you know we're down 20-30%, can't get out as the price plummets, its the same old story. You have to pick your spots and GET OUT when you've made some green. There's another one out there just about every day. It's a tough discipline but it will save alot of heartaches and your bankroll .... just mho !!
Posted by Mr.PennyNJ on :
when u can invest 500.00 and make 1500.00 in a few weeks , whats the prob? greed ? my rule now is track the share structure, if t/a is gagged i run...
Posted by otcstock on :
A lot sof old poster here were run off. Instant chat rooms and real time ajax shout boxes have taken over the forums. There are plenty of actions out there.
And yes there still money to be made on the pennies, if you daytrade or scalp.
hehehehe
Posted by Nile on :
quote:Originally posted by stocktrader22: Pennys are definitely not running like they used to.
Nothing is "running" like it use to. We are going thru a cycle, just like I said earlier. It you know anything about the stock market then you know it goes thru cycles, we have been slowing down for the past three months at least. If you dont believe me just take a look at the six month chart for the Dow, Nasd or SNP.
quote:Originally posted by wallymack: The one thing I have noticed is that when the big markets are down the pennies get more action.
I will have to respectfully disagree with you. Why would anyone who is scared of the volatility of todays market put their money in a more risky market like pennies. It's only logical to think that pennies slow down due to big stocks slowing down because people become more worried about risk. Thats the only reason why people run to bonds during recessions, little to no risk.
Posted by Low Bawler on :
quote:Originally posted by Nile:
quote:Originally posted by stocktrader22: Pennys are definitely not running like they used to.
Nothing is "running" like it use to. We are going thru a cycle, just like I said earlier. It you know anything about the stock market then you know it goes thru cycles, we have been slowing down for the past three months at least. If you dont believe me just take a look at the six month chart for the Dow, Nasd or SNP.
quote:Originally posted by wallymack: The one thing I have noticed is that when the big markets are down the pennies get more action.
I will have to respectfully disagree with you. Why would anyone who is scared of the volatility of todays market put their money in a more risky market like pennies. It's only logical to think that pennies slow down due to big stocks slowing down because people become more worried about risk. Thats the only reason why people run to bonds during recessions, little to no risk.
Would it be fair to say that most people who trade penny stocks generally more opportunistic than those who trade, and really, invest, in big board stocks?
Just in the way that the big board stocks will still see volume because of those who see buying opportunities when the markets dip/tank/crash, would it not stand to reason that pennies will see at least the same, perhaps more volume than the big boards due to incredibly cheap entries?
Posted by Flexibill on :
You guys know what you are talking about....what is going on with INBG and GMFX?
INBG looks like it could take off, strictly from what they are into now, but not so sure about GMFX. I'm new to the charts and was hoping for a couple winners. I picked them relatively blindly, I admit. I picked up INBG when it was MSEP, then it became MSEM, and now INBG. I've seen it reverse split, but didn't hop out then.
Posted by T e x on :
[ February 05, 2008, 22:31: Message edited by: T e x ]
Posted by ed19363 on :
Pennies promise bright futures and sizable gains, then deliver reverse splits and big losses. No wonder the old crowd deserted. They just got tired of losing money. CMKM/X/whatever, NCDP, GRYF, and any number of others. Gainers are one in a million. I'll stick with the stocks that pay cash dividends instead of dividends in dead and dying companies.
Posted by cactus33 on :
is this where all the mopes hang out, lol
Posted by 2pawn on :
look i was in the old crowd and was one of the people who ate it with afrr and cmkx but also made a huge killing with ibzt then stoped and so did the old crowd now that im back dont see any of the old schollers like OLD MOLLAT ,RIC but even then it wasnt like stocks just blew up every other day its always been slow and will always remain slow its why these stocks are so cheap win some lose some but in the end TAKE UR PROFITS dont get greedy play it safe always u should always end green GLTA
PS im in PMED,PDGT,ADTJ,BLLB,LLEG
Posted by Upside on :
There's still plenty of opportunity in the penny game, it's just getting riskier, it's tougher to pick your spots. There's more and more people now that realize these aren't real companies and are just playing the pumps. If you choose to stay in this market you've gotta be able to watch it every minute because any profits you might realize could be gone in the blink of an eye.
If you're going to play this market, realize that you are more than likely investing in a scam and play it as such. If a decent profit presents itself, take it and run but don't hang on thinking it's the real deal because none of them are.
The last penny I invested in was a few months back, one that my buddy Will recommended because he has a knack for identifying potential runners. It ran for a day or two and I bailed, and then it died out and now there's a bunch of bagholders. That's the difference, he (and I) now recognize that most runs are very short lived anymore.
Again, if you're going to play these, play them smart. the days of the 500 baggers in the course of a week or so are over, at least for now.
Posted by retiredat49 on :
quote:Originally posted by Flexibill: You guys know what you are talking about....what is going on with INBG and GMFX?
INBG looks like it could take off, strictly from what they are into now, but not so sure about GMFX. I'm new to the charts and was hoping for a couple winners. I picked them relatively blindly, I admit. I picked up INBG when it was MSEP, then it became MSEM, and now INBG. I've seen it reverse split, but didn't hop out then.
I'd say that you are prolly screwed on both. INBG used to be Motorsports Emporium MSEP. They used to sell die-cast model cars on eBay LOL...It had a hell of a run about 2 years ago (hit .09 if I remember), but has r/s'ed and name changed several times since then. GMFX was GZFX Gamesnflix again multiple r/s and name changes...BTW I made a killing on GZFX before it was GZFX, but for the life of me I can't remember the symbol...Good Luck
Upside is right though....If you are gonna play these pos scams, be prepared to stare at your screen all day...get in and get out because NONE of them are ever good long term investments...
Posted by BooDog on :
A lot of good theories here. I like Average Joe’s. Makes perfect sense that a stock won’t move until the person sitting with about 250M shares gets their fill. And then the convertibles that were offered knock it right back down also. Still plenty of hot picks out there. Just finding them and learning to get in and get out. Just as you guys were saying. It seems the “big seller” is only looking for a single or just a couple pips. Tack on those that already know this that add in their 10 – 20 million only looking for the same thing. Watching a stock trade over 200M and only having a range of .0003 the whole day? Makes for a perfectly logical explanation. And if they do it over and over the buzz wears off on this new “Hot Topic” company and leaves everyone sitting there holding the bags.
Posted by BooDog on :
quote:Originally posted by gumzsa: I dont know what you guys are talking about because pinksheets did record trading volume in 2007.
Here's charts on a few stocks that have run and run big not just for a day. The big gainers are still there, you only need to find them.
In the past people would post on the stocks but it became a waste of time because when the stock began to falter they would be called pumpers and people would blame them. So they stopped.
Pennies are risky. Big reward, big risk.
The big gainers are still there, IMVHO
Wally
Posted by J_U_ICE on :
Hey Wallymac. I completely agree with you. There are plenty of runners just a matter of finding them at the right time and not chasing. Too many people sell at the bid and kill runs. It's almost like they don't realize the can sell at the ask. Way too many people waste their time throwing money at .0001 stocks with ridiculious amount of OS. There are some very good traders here that post on a regular basis that people don't seem to follow. I guess it's all about learning the ropes. Enough of my ranting Good to see you around and hope all is well. Stop being so Very humble
Here's charts on a few stocks that have run and run big not just for a day. The big gainers are still there, you only need to find them.
In the past people would post on the stocks but it became a waste of time because when the stock began to falter they would be called pumpers and people would blame them. So they stopped.
Pennies are risky. Big reward, big risk.
The big gainers are still there, IMVHO
Wally
Posted by T e x on :
ya...look at ACUP--not even on "active topics"
Posted by sunny on :
Wally! It is so great to see your post. As usual, you speak the truth.
Posted by J_U_ICE on :
quote:Originally posted by T e x: ya...look at ACUP--not even on "active topics"
ACUP and BHWF(no post until after the bell). Monster plays
Posted by BooDog on :
Very cool info you guys!
Posted by T e x on :
quote:Originally posted by J_U_ICE:
quote:Originally posted by T e x: ya...look at ACUP--not even on "active topics"
ACUP and BHWF(no post until after the bell). Monster plays
yup, and BHWF had gains into the 60% range today...was an easy-dough 20% gainer.
gawd, I miss K-train Posted by bilgert on :
SLVO MSTF STNL ATNO
All great ones today. I posted on a couple of em.
Ya just gotta do the dd. The runners and the 3 baggers aren't gonna jump in your lap.
Posted by Nile on :
I hate to say it but AllStocks has slowed up not the penny stocks. The people here have made it clear that you can get great runners. So that falls on our shoulders to find them before they run.
I even went over to iScrub to see if they were having this problem and they are still going strong. I will say they have gotten nicer over there, last time I was there in 2005 they were a bunch of bashers (not *******s) . They bashed every stock or any comment you made, even if it was good about their stock pic. That one reason I like this place so much. The criticism is just business, nothing personal ( big fan of the Godfather). But AllStocks is still my home and home page when I open my internet.
Nile
Posted by T e x on :
It just is what is, Nile.
I post over there, too. Who cares?
The deal is, here you get that personal, one-on-one attention, when you need it.
Posted by Nile on :
quote:Originally posted by T e x: It just is what is, Nile.
I post over there, too. Who cares?
The deal is, here you get that personal, one-on-one attention, when you need it.
I don't understand your post. I was comparing the amount of current post between iScrub and AllStocks. What did I say that you needed to say "who cares?" I was making a point how we need to do a better job over here. You probably just need to re-read my post.
Have you been drinking tonight T E X ?
Posted by T e x on :
dranking? moi?
lol...OF COURSE I BEEN DRANKING!
After all, it's AFTER DARK, ain't it?
Seriously, dear? If you can't make the distinction, I really don't know what to tell you.
Do as thou wilt...If you want to help "do a better job over here," then hop on board. Nothing's stoppping you, and we'd love to have the help.
Posted by BooDog on :
quote:Originally posted by Nile: I hate to say it but AllStocks has slowed up not the penny stocks. The people here have made it clear that you can get great runners. So that falls on our shoulders to find them before they run." ...
Nile
Every board out there is unique in its own way imo. You have a pic and an idea and post it and get no response. Doesn't mean it isn't a great pic - and doesn't mean it makes everyone cringe when they see it. Just may indicate that everyone else is into their own thing. There are still some very good people here and if you need help on something they are always willing to help. Sometimes just takes a little patience. I was fortunate to find this board before many of the other boards out ther when I first started thats for sure. Some of the people here then have moved on and some new people have helped to keep things moving. A lot of experience here.
Posted by Nile on :
Did no one read my response!!!!!!!... did you not read the word "OUR" or when I said "WE" !!! Meaning my responsibility also. Gosh… lets read before we respond please!
Posted by BooDog on :
quote:Originally posted by Nile: Did no one read my response!!!!!!!... did you not read the word "OUR" or when I said "WE" !!! Meaning my responsibility also. Gosh… lets read before we respond please!
Are you implying that everyone should get involved with every new thread and digest and analyze the pic and post every good and bad thing about it? If it sparks interest with someone then it will get its due attention imo. As a whole if I see something amiss I will step in and try to help when I can. And if I am totally screwed up on something I would hope someone would step in and suggest something. And I do see some step in to help others quite a bit around here. The format of Allstocks being what it is only keeps the "hot topics" on the front page. Other issues die off to be "forgotten" until brought back to life by someone with something new to add.
Posted by IMAKEMONEY on :
DYING OUT-- HELL (NUBV) BEEN GREAT! PTSH-RVGD- IVOT -AND ON AND ON. Posted by otcstock on :
there is always money to be made.
prd. javascript:void(0)
Posted by beechwood on :
I agree with many posters herein. The penny market has lost a lot of it's luster over the past year or two. There are fewer runners and lotsa losers. Yeah, there are some gainers out there. But they're getting much fewer and farther between than in days past.
MM manipulation does play a major role like the above poster mentioned. Forget your candlestick charts and all that jazz. Most pennies don't move unless the MM's let them move. It's just that simple. And with the economy turning sour, and going into recession, MM's aren't giving up much. A definite sign of the times.
We've seen gold and silver reach new supports and testing new highs (not good news for stocks overall). I only have 6% or 7% of my present holdings in the penny, sub-penny, and nano-cap markets. Only bet what you can afford to lose in this arena. Personally, I've liquidated half my stocks into gold and silver bullion (ingots & bars). Also many bags of pre-1960's silver dimes and quarters while they're still available (better get 'em while you can).
To quote your stock guru Jim Cramer "we're in for a very serious recession over the coming year". And if the bottom does fall out of the dollar completely, precious metals will be the only venue worth owning....
Posted by Happy Valley on :
quote:Originally posted by J_U_ICE:
quote:Originally posted by T e x: ya...look at ACUP--not even on "active topics"
ACUP and BHWF(no post until after the bell). Monster plays
What happened to the dayrunners thread???No posts since Jan 31st... Posted by T e x on :
quote:Originally posted by Happy Valley:
quote:Originally posted by J_U_ICE:
quote:Originally posted by T e x: ya...look at ACUP--not even on "active topics"
ACUP and BHWF(no post until after the bell). Monster plays
What happened to the dayrunners thread???No posts since Jan 31st...
I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up...
Posted by J_U_ICE on :
Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up... [/QB][/QUOTE]
Slackers Posted by T e x on :
quote:Originally posted by J_U_ICE: Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up...
Slackers
___________________
lol...
get yur azz on the day traders thread Posted by J_U_ICE on :
quote:Originally posted by T e x:
quote:Originally posted by J_U_ICE: Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up...
Slackers
___________________
lol...
get yur azz on the day traders thread
------------------- I will but I'm very lazy lately Posted by T e x on :
lol, eat sumpin exciting...
peppers? persimmons? p u s s y?
rev it up... Posted by wallymac on :
OK,
I'm going to say this and will probably catch a rash of chit for it but I think it needs to be said.
I was posting on the runners thread for a while but it seemed that every time I posted a pick it went down. At first I thought it was me but then began to wonder if, just possibly if, by posting I was then getting some people interested and they decided they would jump in but below the bid.
If enough people decide to take a position but decide to place orders below the bid they will create downward pressure and the PPS will drop.
I guess it goes along with what JUICE posted earlier on this thread, just as people may not know they can sell at the ask to keep a run going, they may also think they can buy below the bid and that the run will continue.
In my experience once the MM's see any weakness they will walk the PPS down which will cause many to sell.
How do I know this? I did a test a year or so ago on PTSC. I put in a buy at .05 below the bid. It was a sizable buy and like clock work they brought it down to take my buy collecting shares along the way. It then continued down for a bit and rebounded afterward but lost momo because people wanting to wait for bottom of the retrace before buying.
Some times we create a self fulling prophecy.
Wally
Posted by J_U_ICE on :
quote:Originally posted by T e x: lol, eat sumpin exciting...
peppers? persimmons? p u s s y?
rev it up...
AHHH the 3 Ps to get the blood flowin'. I will try the later for breakfast. On that note I better rest up! Posted by T e x on :
I'm already going...
Posted by T e x on :
quote:Originally posted by wallymac: OK,
I'm going to say this and will probably catch a rash of chit for it but I think it needs to be said.
I was posting on the runners thread for a while but it seemed that every time I posted a pick it went down. At first I thought it was me but then began to wonder if, just possibly if, by posting I was then getting some people interested and they decided they would jump in but below the bid.
If enough people decide to take a position but decide to place orders below the bid they will create downward pressure and the PPS will drop.
I guess it goes along with what JUICE posted earlier on this thread, just as people may not know they can sell at the ask to keep a run going, they may also think they can buy below the bid and that the run will continue.
In my experience once the MM's see any weakness they will walk the PPS down which will cause many to sell.
How do I know this? I did a test a year or so ago on PTSC. I put in a buy at .05 below the bid. It was a sizable buy and like clock work they brought it down to take my buy collecting shares along the way. It then continued down for a bit and rebounded afterward but lost momo because people wanting to wait for bottom of the retrace before buying.
Some times we create a self fulling prophecy.
Wally
ya, when they're going? sell at ask...
I definetely agggggree with that
Posted by T e x on :
quote:Originally posted by J_U_ICE:
quote:Originally posted by T e x: lol, eat sumpin exciting...
peppers? persimmons? p u s s y?
rev it up...
AHHH the 3 Ps to get the blood flowin'. I will try the later for breakfast. On that note I better rest up!
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