posted
Glassman, thanks for that buried information on SUWN. This does help to explain this crash, although a very severe crash of great surprise.
Lot of us talked about buying SUWN a few weeks back. Blue and I talked about SUWN at length. All looked really good, then yesterday and today came along.
This is yet another example of why traders should get in and get out as quickly as possible.
posted
"you still have to ask yourself why now..."
Precisely, Glassy.
Why now? Rather obvious there is a serious dump taking place. However, volume is too low for dilution or a panic sell. This has me perplexed. This is not a crash which can be easily explained.
I would like to learn what is happening to be able to store this information away in my mind for future reference.
Might be some of those people are selling to bring in cash for whatever needed reason.
quote:Originally posted by LisaPizza: now, what should i buy next?
purl gave some rec. earlier in this thread. Best of luck lisa.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Jo made about forty percent profit today, which is excellent, very excellent. Jo is looking at percent profit. She is not looking at dollar amounts which are meaningless.
This game is pretend you are one of those of many who bought FHAL today at .70 or above. Let's pretend you bought at .70 per share. In time, we will discover if you will make forty percent profit like Jo, like Dusty, like others who sold much earlier today.
This stock game is all about percentage profit, never about dollar amounts.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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"Only takes _one_ serious loss to wipe you out, to knock you out of the game, completely."
Reminds me of one of my stories, told before.
I am helping my husband work on a rental down the street from this rental we talked about somewhere else.
So I am being lazy, decide to vanish for a bit. I am talking to a man next door. Eventually talk moves around to investing.
He explains he lost his family's life savings in the stock markets, had to refinance his home to support his family. His wife and kids leave him right off, correctly so.
He lost his family's savings. Refinancing their home wiped out their equity growth over the years. Now he has nothing but debt. Both their savings and their home equity is gone.
My hope was to move in like a vulture and buy his house, but this did not happen. He could not afford to sell although he only refinanced for eighty percent of market value. I had hoped to lowball him ninety percent below market, then turn around and sell a year or two later for maybe a twenty to thirty percent profit.
Lesson here is, as I write previously, you only need to make one serious mistake to be tossed out of the game, for good. That man, being older, will never recoup his losses; he is out for good.
You can piss and moan about all the profits you could have made, do this all you want. However, if you take a serious loss, I doubt you will be singing much of a tune.
We read all the time people complaining about profits not made. We rarely read those people confessing to losing a lot of money, which they do.
My always suggestion is to play the markets very conservatively, very safely, so you will survive to play again another day.
One bad mistake, hasta la bye bye, from the wife and the kids.
Well, look at it this way: You made $615.00 in what a few days?
Someone earning minimum wage would have to work 3 weeks to gross that amount. Even the guys that work for my dh at the factory making 10.50 an hour would have to work over a week to make that. I'd say you done good.
Now since you are starting out so well, the key for you is to not get greedy as I did and end up in the hole, by chasing profits and not knowing when to get out.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Okay, so now that I have some profits from FHAL (80.00 the first time I sold it and $166.00) the second time. Should I put those profits back into FHAL in anticipation of this big run over the next few days? Even with only $250.00 bucks invested if it goes even halfway to the $15.00 I'd recover all my losses. (it's now at .69)
quote:Originally posted by P Rowds: super nice guy... everyone should call and talk to him. real nice and has no problem explaining anything. (although, real hard to understand:) and maybe not EVERYONE, but just saying)
so, the $15 is not a joke. he said the symbol change will be around the 28th-1st. He submitted some financials and forms and we should expect a PR within the next few days. He is still buying the float and will continue to do so until it is completely gone. They will be "going a different avenue" with the amazon project... to garbled to exactly understand him but he made it clear they *will* be doing that shortly.
and catia, he said he doesn't see any problem with going long. with projects coming up and trying to get onto the nasdaq...
i dunno what to say. i guess i may hold this till the symbol change haha.... this is crazy. dunno if i'm going to dump too much in, don't wanna be caught with my pants down;) but yeah... you guys be the judge....
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posted
not sure if it affects your account funds or not but don't buy with unsettled funds. that will lock you in for the 3 days.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
No I have a margin account. (but not the $25,000 day trading account). But I only use cash. I'm in enough trouble without borrowing to buy stuff. LOL.
I'm looking for an EOD dip on FHAL and maybe I'll give it a go. This time, I'll know to get out quick if it starts dropping like a rock.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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I have a lot invested (at least for me) in FRPT, so I'll just keep what I've got. I bought some of FRPT in my IRA too, and that is not play around money like this other is! I've got to be very careful in there.
Jo
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posted
thats good jo, I only have a cash account...until i gain experiance that's all i will have. working on getting my cash level up now, i like the idea of having 50% cash avail.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Yeah, but you can still call and get a margin account so that you don't have to wait for funds to settle. That way you can get out quickly if you have to.
But then you have to have the discipline NOT to buy on margin even though you technically could.
Well, FHAL isn't dipping very much so I guess I'm not getting in there. Probably for the best.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Jo is right, if you have the discipline to not go over your cash on hand, a margin trading account makes it a lot easier to trade.....a lot easier to take profits....
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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Besides taking a profit on FHAL (albeit maybe a tad early), I made one other good move at the last minute when I decided to "divest" of my XLPI that I bought at .013. I sold it at .013 at only a slight loss because I had those free trades from Ameritrade. But that gives me another $300.00 that's not in POS stocks. And it is now at .012.
Jo
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posted
Jo, XLPI should have easily given you anywhere between 0.014-0.015. an exit of 0.013 wasnt the best. no wonder MM's scrambled to grab all shares they could get.. like the way purl has pointed out.. watch out for IESV .. its not very attractive after todays run but might be something you might want to watch out after it dips.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
hey rm looks like i had xkem pegged today eh?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Jo is right, if you have the discipline to not go over your cash on hand, a margin trading account makes it a lot easier to trade.....a lot easier to take profits....
true true. just taking baby steps.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
xlpi had a good volume for where it is and its status. I wouldn't quite say it's done yet. should have some good revenue coming in with its ethenol converters or whatever there called.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by BooDog: hey rm looks like i had xkem pegged today eh?
lol Boo.. out of Xkem yesterday at 0.042 for quick 20%.. come on man... i told you.. charts.. charts tell you.. everyone knew the resistance of 0.05 was hard to break.. i told you it was bullish before 3 days. since then it had gone up 75%.. after which it fell. I shall again tell you it will touch 0.03 tomorrow and bounce back.. but i will still wait for second day for any confirmation of bounce since second time bounces are harder to predict than the first time bounces off the trend lines..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
cool rusk, I think i'll just put that 1 out of mind for a while anyway. Got bigger fish to fry and have lots of homework.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Interesting article on yahoo finance in case some people have missed it.. worth a read definitely.. especially suited for big board stocks
Patience Can Pay Off With Winning Stocks Monday July 17, 7:00 pm ET Christina Wise
In a bull market, a winning stock needs room to run.
Say you buy a stock that's breaking out of a base and it quickly rockets north. Though it might be tempting to take some of your winnings off the table, it's often a better idea to hold on for the ride.
Let the stock's daily price-volume action and behavior of the major stock indexes determine whether to sell or sit tight.
This is especially true if the stock breaks out and zips up 20% or more in just a few weeks. That shows it has power and is worth hanging onto for at least eight weeks to see if it becomes a big winner.
A dicey market, such as the current one, makes the decision to hold or sell a little tougher. Be alert for the following sell signals:
Climax top or exhaustion gap after a big run-up.
Heavy volume with little price progress.
Forms a late-stage base.
Slices through a key moving average such as the 10-week line on heavy volume and fails to rally back.
Makes a new high on light trade.
Falls more than 7% from your buy point.
But if these danger signals fail to appear and the stock continues to behave normally, stay invested.
It's also important to remember that a big winner will forge a series of bases and pullbacks to its 10-week moving average as it scales the chart.
For instance Autodesk (NASDAQ:ADSK - News) ran up 228% in a little over a year beginning in late 2003. In addition to forming two bases during its run, the stock also periodically pulled back to its 10-week line, where it found support.
FTI Consulting (NYSE:FCN - News) gained a whopping 565% in 116 weeks after breaking out of a base on Jan. 31, 2001. Like Autodesk it staged a string of bases and pullbacks to its 10-week line on its journey north. Investors who withstood them were well-rewarded.
Mobile TeleSystems (NYSE:MBT - News) shot out of its base on Feb. 28, 2003, moving past its 41.60 buy point as volume nearly tripled (point 1). The move came after the stock market found its bottom in October 2002, but before its March 2003 follow-through that signaled the start of a new rally.
But Mobile's fundamentals were solid. After seeing its earnings growth falter in 2002, the Russian telecommunications company's earnings rose 46% in December 2002 quarter.
Over the next four quarters, its earnings growth rate came in at 79% or higher. Similarly, sales grew 58% in the December 2002 quarter and hit 80% in the first quarter of 2003 and 92% in the second quarter.
The stock's IBD Ratings were also strong and its Telecom-Wireless Services industry group was performing well.
Mobile headed northward, hugging its 10-week moving average along the way -- a positive sign.
In August 2003, it cleared a second base, giving investors the opportunity to add shares (point 2). It broke out of its third base -- a cup-with-a-high-handle in January 2004 (point 3) and again headed higher.
Investors who stuck with the stock during its normal pullbacks, consolidations and breakouts were rewarded. By the time Mobile notched a peak in early April 2004 (point 4), it was up nearly 240% from its first buy point.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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quote: Jo, XLPI should have easily given you anywhere between 0.014-0.015. an exit of 0.013 wasnt the best. no wonder MM's scrambled to grab all shares they could get
That's okay, I'm just trying to consolidate and get some cash together on positions that I'm not in a huge loss. I still have more XLPI that I bought at .020 I've got a sell in for that at .017 for another small loss.
Jo
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I've got a sell in for that at .017 for another small loss.
