posted
I don't mean to sound unintelligent if I do, but is the lack of volume of SCOS due to an almost absolute holding action? In addition, I was curious about the person who stated that SCOS is splitting. And furthermore, is a repeat of November inevitable or will this stock just disappear trading-wise?
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SCOS Long
unregistered
posted
SCOS IMHO , is in a holding pattern for a very short period. I think that the Company is just letting those who want to sell , get out for tax loss reasons. Why would they want to have the stock trading higher, just to benefit people who want to sell? Would you increase the price knowing people are going to sell? After XMAS i think we will see a whole new situation.
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ConfusedTrader
unregistered
posted
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.
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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.
posted
Hello River.Thanks for your comments. I do need to learn how to do my own DD. Appreciate the webpage that will assist me with that. I got into SCOS on a whim. My first thought was to sell and eat my loss but after reading other peoples comments I thought what the heck, just let it ride. I hope I do not sound like a whinner! Hey what happens-happens. I'm sure next year I'll second guess myself more than once. I appreciate reading the comments good people like yourself post. Thanks for the good advice River.
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Confused Trader
unregistered
posted
Now I am really confused. Anybody have any comments? Words of encouragement?
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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.
posted
Hello again River. I see the mistake I made was not selling as soon as I saw it headed south. Then waiting for it to go up and buying back in. I had bought Sirius at around 2.75 and when it went south I sold only to see it become a stock darling! So, you just don't know what to do sometimes. I will take your advice which will limit my losses in the future. Knock em down in 2005 River!
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quote: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.
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...
1. A Beginner's Guide to Short-Term Trading by toni turner www.toniturner.com
posted
One thing I will say I have watched this company for some time and the trading of the shares. I strongly think shareholders will see some nice moves here, this was way oversold and moves very quickly in both directions. It looks like now is the time to come aboard and ride the wave as this is setting up nicely for a gap and run next week. All IMHO
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posted
I rallied for this stock on this forum about a month ago.
Most people got in just above the dollar. Then the stock fell and a few people jumped on me.
Well this is what I'm going to say.
I have faith in this company. I have held it for nearly 2 months and it's about half my portfolio's value.
Typically it's suicide to "put all your eggs in one basket" but I did my DD and was patient. Now that this run is starting I'm going to have an opportunity to cash in big time.
It was difficult holding- especially since there was no support between 0.75 and 0.55. But I stayed confident.
Who ever help since then and averaged down is in the best situation, IMO.
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