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Author Topic: Bailey's Swing Picks
Kevin Bailey
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added even more at the 4.07-4.09 range

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

Posts: 1470 | From: Fort Worth, TX | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Kevin Bailey
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finished adding in the 4.04-4.06 range ... made a HUGE play today, and it paid off ... sold off portions at 4.25 and 4.18 ranges for some quick profits ... still riding 5000 shares.

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

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Mantux
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KB thanks for the posts. Like many, I read but don't post that often. I'm still trying to develope a strategy. I'm having a tough time trying to locate a good place to learn to read charts. Also, where to research for leads on stocks to do my dd on and buy. But anyway, keep up the good work as I enjoy reading your posts along with a few of the others.
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cpeed
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Hey Mantux, go to Stockcharts.com, they have a chart school and will let you run some basic stock scans for free.
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Kevin Bailey
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Cpeed's advice is good. Stockcharts is a really great service. And I think you're on the right track, Mantux. Many people don't take the time to develop any kind of coherent strategy, and it ends up costing them a LOT of money. I think you'll make a lot more money in the long run if you take time to develop a good strategy that you believe in before diving into the markets. Good luck!

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

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Mysticobra96
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NFLD showed up on my scanner too. I will be trying to add some on a dip tomorrow. Looks like a great short term possibility.
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fuzzcloud
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I think I'll put an order in for NFLD at 3.95 and see what happens (although I have to say that rise at EOD on Fri looks pretty nice and I probably won't get filled).

Two other stocks in the same situation are PANC and ENCY. So far ENCY is showing weak support at 4.15-4.20 and PANC has found a strong support around 3.92..

They're both biotechs as well [Big Grin]

Incidentally Investopedia has a nice little article about bottom plays like this, http://www.investopedia.com/articles/trading/06/ESM.asp

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1927-19 33 Chart of Pompous Prognosticators

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Kevin Bailey
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Got back in at a much smaller amount than I played before (too much work to get in and out of big positions in such a short time), at around 4.10 yesterday. Plan to sell through the close today.

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

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Kevin Bailey
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Dumped between 4.32 and 4.34 ... good luck to the longs!

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

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Kevin Bailey
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I'm making a decent-sized play on EGHT. It will probably be a 1-3 day play tops. Looking to go from 1.44 to perhaps 1.50 or so.

(I did not bring this stock to the board. I believe Dustoff did, like 8 months ago.)

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

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Kevin Bailey
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My "in" was actually at $1.45...

Sold through the run, selling out completely at $1.52...

Left that penny or two on the table, but I felt like that was the good "sell out" point. A LOT of selling at $1.53-$1.54, and someone seems to be loading up at $1.50, but you can't always trust the level II's. Anyways, didn't know for sure if I'd treat this one as a pure day trade (which I don't do often) or not. May regret it, if it runs another 10-20% (or more) over the next 2-3 days, but a quick 5%er is nothing to spit at, I guess! [Smile]

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"Entrepreneurship is the last refuge of the trouble making individual."

~ Mason Cooley ~

Posts: 1470 | From: Fort Worth, TX | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
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