posted
Glassman, I don't think you will get in at .022 per share. I have been accumulating this stock for a long time. CLSI is very difficult to buy under .024 to .026 per.
You can try, but I discovered it takes about a week to buy below .024 per and I have been working at this for months.
I tried this morning to buy at .021 before the news hit the wires, no luck at all. Placed a second back-up order at .022 per with no fills there.
News hit the wires, people started hyping this stock, pfftt... too late now to get in at very low price.
Smart investors bought in long before the hypers started towing a bandwagon.
This is why I buy based on good research and hard data, both of which lead to fairly sound projections. I never buy on good news, unless a good 10Q release.
CLSI is, or was, a hidden gem much like another stock, BSIC, which I profiled. However, I elected to keep my big mouth shut about CLSI, until recently.
posted
I should add a bit more rant, while I am in one my hysterical rant moods.
Hypers can buy all they want, jump up and down, scream, shout, post articles like crazy, tug and push at their bandwagon, all they will do is trade sidewards for a very long time. Yes, some ups, some downs, but prices will be right back where they are now, in time. CLSI is not ready for a price break out.
I am projecting CLSI to be back up to its normal .036 to .040 range in sixty to ninety days. A good 10Q, and their next 10Q will be good, this 10Q could bump prices up a bit sooner, but the overall effect will be new support around .035 per share.
Once CLSI breaks through .040 per share and holds this price for good period of time, then volume and volatility will kick in, driving prices up into the ten cents per share. A nickel a share is the magic price.
After that, who knows? I expect this stock to hit one dollar per share in the future, just don't know when, maybe year end? Maybe next year?
Glassman, I am going to profile a stock, I think tomorrow, after I finish my buying. I think you might be interested. Watch for this profile. Most others do not read my articles so maybe you will have a little bit of a headstart.
Tman, are you lurking? Heh! Keep watching LQMT and STG. Those prices will be right where you want not all that long from now. STG peaked after LQMT, so it will lag a bit in price drops. LQMT is flirting with that price drop we need.
A little concerned STG might keep on climbing. We will see.
Volume is too low on both, for now, to push downward.
posted
Pearls are a rare treat. You should go browse the PGHI under ten board tonight before they pull the thread--Diana curled the paint in there. I was right behind you Saturday night and I got into it pretty good but came away clean imo. Tonight some of my freinds decided maybe they needed to educate the chillen a little more-- its all good. I don't have the capital you do so I was able to fill my order today in a few minutes at .022 this AM--really-- i already had 1/4 position from last week and I wll add more as long as it stays below .03 as i take profits on other holding-i try to keep a certain amount in cash at all time so i can jump.People down there are expressing interest in your ideas- you need to give them a chance--they will give you one . i have encouraged a lot of lurkers to come out by professing my ignorance without shame--humble in your presence--lol
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posted
Purl Gurl, Are you kidding, I read this board everyday just to read your posts, unfortunately I work a lot of hours so little time for research and I am still new at it so I don't like to leave open orders unless I am off.
Thank you very much, I got into LQMT today as matter of fact for, YEP $2.85
posted
I don't like to leave open orders unless I am off.
. Tman[/B][/QUOTE]
Very smart-if you are in a solid co.--the MM's want your shares cheap-- if they can get it by triggering your "security system"-- they are just nabbing stop loss orders-if someone were able to build a computer that could trade on its own-- what would be the point?
posted
Although shorters are not suppose to be able to do this, they do. How does this come about? Market Makers. They are totally exempt from any rules and regulations. They are exempt because Market Makers (headtraders, brokers) own the SEC. Who populates the SEC? Easy guess.
Market Makers will borrow someone's (your) stock, sell a bunch at market, then sell a few hundred shares, at a time, well below current market price.
You are quite right, Glassman. Market Makers trigger stop loss points, usually though for stocks over three dollars, but not always.
So, dribbling out a little stock they took from your account, selling at a lower price, they drive prices way down, then buy at a cheap price to replace those stocks they took from your account, without your knowing.
They pocket the difference between their high volume sales at market price, and the cheap price they bought in to replace shares stolen from others.
Market Makers make big bucks. Your stock loses all kinds of value. Your money ends up in the pockets of Market Makers.
Market Makers, Wall Street, the SEC, just a bunch of crooks stealing your money on a daily basis.
This is why I joined the "war" on Market Makers and on the SEC, along with engaging in my own personal war against them.
posted
CLSI, like PRVH, there is low volume because none of us will sell! We know the potential of this stock.
Quite the paradox! We won't sell. Prices won't rise, yet value is actually double current market prices!
This is a case where some new common shares need to be dribbled out a little at a time. I suspect this is happening, very slowly, indicating good management of this stock.
posted
Looks like I need to spend more time outside the under .10 and FST boards! Some nice stuff here in the "free for all".
PURL....I found your earlier article and my interest is peaked. I'll be doing some reading on this one tonight. Did you ever do the profile you mentioned? I was unable to find that in a search.
Thanks, PSU
quote:Originally posted by Purl Gurl: CLSI, like PRVH, there is low volume because none of us will sell! We know the potential of this stock.
Quite the paradox! We won't sell. Prices won't rise, yet value is actually double current market prices!
This is a case where some new common shares need to be dribbled out a little at a time. I suspect this is happening, very slowly, indicating good management of this stock.
posted
PSU, no, I haven't profiled this new stock.
Currently, I am trying to find a good price. Been trying for five or six days to buy, no luck so far. Right now I am bidding half way between market bid and ask.
Still no luck.
This stock is very low volume, has good value and none will sell. Might end up having to go with market ask.
I want to find a price which will work well for all and be an easy entry point.
Soon as this price is discovered and we make our buys, I will immediately provide that profile.
posted
Gotcha....thanks! These low volume, big spread stocks tend to scare me. Your opinion will factor into my thinking. I'm looking forward to reading about this one tonight.
PSU
quote:Originally posted by Purl Gurl: PSU, no, I haven't profiled this new stock.
Currently, I am trying to find a good price. Been trying for five or six days to buy, no luck so far. Right now I am bidding half way between market bid and ask.
Still no luck.
This stock is very low volume, has good value and none will sell. Might end up having to go with market ask.
I want to find a price which will work well for all and be an easy entry point.
Soon as this price is discovered and we make our buys, I will immediately provide that profile.
I guess I'm so tuned into the short term swing trades that I have steared clear of big spreads. For something like this that would be a longer hold, the spread is less of a factor. Still, its a lot of ground to make up if you buy at the ask. I havn't watched CLSI enough to know the history of the bid/ask. Does it tighten up often or is it always fairly wide?
Also, knowing that Purl has said that exit is generally possible close to the ask also makes the wide spread less of a factor.
quote:Originally posted by glassman: PSU I look for big spreads--they are there to scare you-- who would be profitting from a big spread?
posted
I try offering right in the middle of the spread on a swing or day trade-- if i see fills but not me i know the MM's are accumulating--give it some time maybe an hour watch how they react-- sometimes the ask runs up i learned ( the hard way)not to chase-- if my buy is making them shy (i don't have a lot of risk capital and i don't enter on full posiition) then they are teasing me-- if they fill in the middle quick then i feel like the MM's are fair and the market is making the big spread--that usually means the ask is running up not the bid going down--can't be right all the time remember.(If the trend is down i don't play this way)
[This message has been edited by glassman (edited January 27, 2004).]
posted
It is that darn new SEC rule of a 72 hour delay on return sales funds. Really makes me mad. I have close to $6,000 sitting there I cannot use until Friday.
What really angers me is brokers, headtraders and Market Makers are free from that rule. Only us private investors are penalized.
The SEC is blaming all the shorting on private investors, making us pay the price for what their crooked buddies are doing.
Diana saved my financial hide today. Sure glad she is around. I owe her.
Don't know why Diana keeps referring to me as one of the bigs.
* glances at her backside *
Well, maybe there is a reason, a big reason.
Off to work. We have a rental which is vacant now. Took two months to get the jerk out of there. Owes us a lot of rent which we will never collect.
Tell ya a secret, Glassman. We couldn't have a subpoena served on him, always dodged our server, wouldn't answer the door and all that. So we could not do a "lock out" court order.
It is against the law to change the locks and lock out a tenant. You can be sued for doing that. We did just the opposite.
Two days back, went over there and removed all the door handles and locksets from all the exterior doors! No law against that!
I HAVE 3 INTERNET TRADING COMPANY'S. E-TRADE-AMERITRADE AND SCOTTRADE. IF I REALLY WANT A STOCK I WILL PUT BUY ORDERS IN WITH MORE THAN ONE ON-LINE BROKER. THE SAME ORDER SIZE AND SAME PRICE ORDER WILL FILL 100% OF THE TIME WITH SCOTTRADE. 75% OF THE TIME WITH AMERITRADE AND ABOUT 35% OF THE TIME WITH E-TRADE. IN THE SAME TRADING PERIOD TIME FRAME. I HOLD LONGS PRIMARILY WITH E-TRADE AND AMERITRADE. SCOTTRADE IS A WINNER FOR PENNIES, DAY AND SWING TRADES. JMHO
ALSO IF I REALLY WANT A STOCK I WILL BID .0221 WHEN THE BID ON THE TABLE IS .0022. WORKS EVERY TIME. FUNNY THING IS-IT USUALLY BUYS AT THE .022 PRICE. FUNNY.
It is against the law to change the locks and lock out a tenant. You can be sued for doing that. We did just the opposite.
Two days back, went over there and removed all the door handles and locksets from all the exterior doors! No law against that!
He decided to vanish, middle of night.
Never mess with Okies!
MUUUUHAHAHAHAHAAAA
SMART LADY PURL--
WHEN MY TENANTS MISS THE 5 DAY GRACE PERIOD I TAKE MY SLEEPING BAG WITH A GOOD BOOK AND CRASH IN THE HALLWAY. THEY ONLY HAVE TO STEP OVER ME ONCE. MUUUHAHAHAHAAAA.
ONE TIME THE TENANT STARTED CRYING A CARRYING ON ABOUT NO GROCERY MONEY..YADA YADA YADA. SO I OFFERED TO TAKE WHATEVER OF VALUE IN EXCHANGE FOR RENT. TO BE HELD TILL THE CASH FOR RENT WAS PAID. STILL HAVE THAT 60" BIG SCREEN AND 2 KARAT MEN'S DIAMOND RING. NOT A BAD EXCHANGE FOR 650.00 RENT. IT HAS BEEN OVER A YEAR AND THEY ARE STILL MY TENANTS. GO FIGURE.. YOU KNOW IF THEY COME UP WITH THE 650.00 I WOULD GLADLY RETURN THE ITEMS. THE T.V. IS A LITTLE USED THO.
TENANTS ARE A TRIP!!! WHEN WE GET TOGETHER AT THE BOOTS AND COOTS--I KNOW WE WILL HAVE THE PLACE ROLLIN' WITH THE FUNNIEST TENANT STORIES.
posted
In my collection business I occasionaly picked up cars with more cash and other product in them than the car was worth. I ALWAYS returned them. Sometimes would knock on the door and and let them get their stuff after I had it on the truck. If I call police they seize vehicle. Bankers soon gave me the cherry accounts. The really "rich" borrowers were always the worst. Usually the cars were picked up by lunch with all accounts up to date. Housing rentals much more difficult.
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I think you should look into Freetrade (a division of Ameritrade). My funds are immediately available for re-use whenever I sell something because its a margin account. I just never use the margin availabity. www.freetrade.com
The commissions are free for the first 20 trades per month. $3 per trade for 21st to 100th. $2 per trade for 101st to 200th, and then $1 per trade for anything over 200.
I've never gotten out of the $3 range yet. Because of the commissions (or lack thereof), I no longer hesitate to exit anything. If I don't like the way its going...I'm out. No second thoughts.
The only wait I'll have is when I want to withdraw funds. Then the funds have to be settled.
PSU
quote:Originally posted by Purl Gurl: It is that darn new SEC rule of a 72 hour delay on return sales funds. Really makes me mad. I have close to $6,000 sitting there I cannot use until Friday. Purl
posted
[QUOTE]Originally posted by PSU90: [B]Purl,
I think you should look into Freetrade (a division of Ameritrade).
PSU,
CAN I ASK IF YOU HAVE ANY TROUBLE WITH EXECUTING TRADES?? IS IT SET UP JUST LIKE AMERITRADE?? I LIKE THE 3.00 TRADE SENERIO. WITH SCOTTRADE IT IS 7.00 + 1/2% OF THE TOTAL TRADE FOR PENNIES. DO YOU GET FREE LEVEL 11?? THANKS
posted
I am new--7 months-to ONLINE--trading-- never had to wait more than 5 minutes with my expensive "human" broker"--they also never offered me one bit of info that was educational--there DD was ultraconservative. I got mad at them one day cuz they sent me a letter telling me that they disavowed recommending my buy of OWENQ last spring during the senate hearings on asbestos claims which had forced this billion dollar co into Q--they went from .07 to over a dollar in days on heavy volume--no-brainer swing trade. Anyway this letter made me think--you guys are sendng me this and you reccommended PSINET a couple years ago and you never apologized for that?-- *%$#YOU--So I started looking into online brokers --Scottrade looks more expensive but as Diana said they fill first-This is a cost saving beleive me.-I wasn't even aware that they also were fast--they have a great streaming quote system that is customizable to make your own watchlists/boards. the charts aren't as versatile as i would like but i tend to use charts to look for exit and entry after i decide i am interested in a stock not before. Maybe i should ask them to pay me for pumpingLOLLOL
posted
Diana.....so far no problems with executions. They use the same interface as Ameritrade. The only difference I have found is that they use a different color scheme! Help is available only via email...no live phone option. Response time for my questions when I signed up was about 10 to 15 minutes.
You have to pay for level 2.....but I save enough on commissions to easily cover this (2 free trades and its covered - using my old Ameritrade $10.99/per trade fee).
quote:Originally posted by realityinc21: PSU,
CAN I ASK IF YOU HAVE ANY TROUBLE WITH EXECUTING TRADES?? IS IT SET UP JUST LIKE AMERITRADE?? I LIKE THE 3.00 TRADE SENERIO. WITH SCOTTRADE IT IS 7.00 + 1/2% OF THE TOTAL TRADE FOR PENNIES. DO YOU GET FREE LEVEL 11?? THANKS
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