Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » guessing the bottom

 - UBBFriend: Email this page to someone!    
Author Topic: guessing the bottom
blue_in_MI
Member


Member Rated:
4
Icon 1 posted      Profile for blue_in_MI     Send New Private Message       Edit/Delete Post   Reply With Quote 
I know all of the old adages about not trying to catch a falling knife, but - sure is hard at times to resist "guessing the bottom" and buying in.

Look at GZFX today - a few hard bounces off of the mid-.05's... so is it safe to put a limit order in at .05 and "guess" there is decent support there? Who knows.

A lot of companies I like are currently in a downtrend:

* CLSI I bought in at .019, guessing it won't go much lower than that. we shall see.

* CNR I'd like to buy but - hard to say when will stop falling, no signs yet. Am targeting .40 or so. Bounced about 5 times off of .60, but resistance there finally faded and it didn't take long to dump down to .48 from there.

* HOM I am really tempted by when it dips to 1.10 level as it has lately, seems way oversold to me. just shows no signs up a real uptick though

* NMKT I couldn't resist when it dropped to .32 so i bought some. then of course it immediately tanked to .27, but back up today.

* FRCP - bingo got me interested in, but can't see much reason to buy yet because seems still in a downtrend

* WHT - like this company, but - who knows, has been on a steady decline from $3 to $2.45 range. I think on this one I will wait until it shows a sustainable uptick and buy then, even if it costs me missing the bottom

I suppose all of this is obvious - but, sure is a tricky game trying to decide when to jump in. Especially now with the markets showing no signs of life, makes me nervous jumping into much of anything, frankly


IP: Logged | Report this post to a Moderator
blue_in_MI
Member


Member Rated:
4
Icon 1 posted      Profile for blue_in_MI     Send New Private Message       Edit/Delete Post   Reply With Quote 
NWD also - down to .64, that seems cheap to me, I'd like to buy. Still though - doesn't seem to be showing a reasonable bottom yet. What was it PG used to always preach - fundamentals vs technicals? I still mainly go on fundamentals, but am trying to mix in more technicals and patience.
IP: Logged | Report this post to a Moderator
BizSoft
Member


Rate Member
Icon 1 posted      Profile for BizSoft     Send New Private Message       Edit/Delete Post   Reply With Quote 
I have tried to do this guessing game with THTHF, BIBO, and GFYI and have been wrong in all the cases.

I have LSTA at .0003, hope this is the bottom.


IP: Logged | Report this post to a Moderator
gray1
Member


Member Rated:
5
Icon 1 posted      Profile for gray1     Send New Private Message       Edit/Delete Post   Reply With Quote 
I think things have changed as of Friday. All stocks but especially pennies are now reacting not to any merits of the stock but to a shrinking scared market. I heard today over half our population believes we will be attacked before Nov and most probably between the conventions. Now the question is "If I were to to liquidate 75% of my portfolio, what would still hold?" Go to strong profitable positions. This is a dangerous time to be bottom fishing. I'm holding ONEV and HYRF because I think they can hold their own but I'm still a little nervous.
IP: Logged | Report this post to a Moderator
blue_in_MI
Member


Member Rated:
4
Icon 1 posted      Profile for blue_in_MI     Send New Private Message       Edit/Delete Post   Reply With Quote 
What happened on Friday?

I agree that the markets are looking bad about now, at one point yesterday I pulled up a ticker and only 5 of the ~50 companies I track were in the green. I probably will put only minimal funds in until at least late fall, though if something happens like ALMI dropping to .15 it will be hard to resist not buying.


IP: Logged | Report this post to a Moderator
glassman
Member


Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
there are a lot of things working against the markets right now....
lets try to analyse them in distinct groups...
Real Estate
Terrorism
Oil
the Prez Campaign
China pulling back on growth


in no particular order i will start with some comments on real esate
We have seen a big surge in sales of homes this year...
a lot of people are pulling cash out of the markets to make their acquisitions and they are also not putting new cash in due to:
--needing cash for the settlement
--costs associated with moving
--costs for setting up the new household

the good news is that the cash is going to show up in the bottom lines soon and we should see even better earnings in many of the biz's that are associated with homeownership....

[This message has been edited by glassman (edited July 28, 2004).]


IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share