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Just a history lesson. When a stock files for bankruptcy. It usually has a dead cat bounce.
So...AMR. Closed at $1.62 yesterday. Today dropped to $0.20. Now at $0.23. I will likely play this one once my funds clear. If I can get in at $0.27...I will dump around $0.28-0.35.
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quote:Originally posted by R1 Man: Just a history lesson. When a stock files for bankruptcy. It usually has a dead cat bounce.
So...AMR. Closed at $1.62 yesterday. Today dropped to $0.20. Now at $0.23. I will likely play this one once my funds clear. If I can get in at $0.27...I will dump around $0.28-0.35.
Called it. $0.34 now. DAMN!! Up 53%. Where is my money!!! *******s!!! It will drop again around noon and bounce again. Question is...what will be the new low and high. Hmmm...low at $0.19...high at $0.29. Saying around 1pm low. 2:30 high.
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Well, called TDAmeritrade and asked where my money is. They now have a 1 day hold on ACH transfers coming in and 3 day hold on ACH transfers going out. They used to execute my transfers lots faster. Put a deposit into TD before 10:30...money there by for trading by 11:30am. Transfer money to deposit to bank before 1:30pm...money in bank by 3:30pm. WTH!!!
At least there is no fees still. :/
Well, good luck all and I hope you made some money off my day trader pick. I know I would of made a couple thousand.
Guess I'll just go play with some of my money in the Casino throwing dice. I'm loving craps.
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In UNG April calls...Not a real big fan of this ETF but it has tons of liquidity in both the commons/options...With the PM trade so crowded, HFT's could move $ here with relative ease...JMO
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AMR hit $0.38 today around 3:15. I knew it was a good day trader. Sure wish my funds were clear. I would of never held the stock for $0.38 but a 71.1% bounce is awesome!! Man, I would of made a boat load of $$$
Wednesday AMR will be a bad day to play safely. Might have some bounces but will average down. This is a DEAD DUCK stock.
I will find a good play in the morning for a day trade, but will buy BAC for long at $5.02. I just want to flip a few stocks before going long.
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Hmmmm....I might day trade AMR. Was at $0.34 premarket...now its at $0.40. Will have to take a closer look. Get an idea if it will be a good play or not. Normally you have a 1 day Dead Cat bounce. The 2nd day, it may still bounce some but usually trends down.
BAC jumped 7.9% premarket. $5.47. $5.07 close.
MT jumped 11% premarket. $18.40. $16.58 close yesterday.
Money is clear now. So I'm officially back in the game. I'm looking at making $550 today is my target.
Dow is predicted to be up 268 points at bell. That is a lot.
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That is crazy though. If Europe didn't do good today and have some debt relief. Our market would of dropped 200 points or so.
AMR...$0.42 high in premarket. Should drop at open then run back up. Not sure where it will drop to or how high it will get but I like to take the premarket and drop the high a little for sell point.
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quote:Originally posted by Happy Valley: In UNG April calls...Not a real big fan of this ETF but it has tons of liquidity in both the commons/options...With the PM trade so crowded, HFT's could move $ here with relative ease...JMO
And it begins...Sentiment is changing here folks...jmo
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RBY...$4.20....add this to swing trades watch list. Lots of peaks. Its peaking now...but lots of potential to make some money if we play it right.
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DEXO will likely be my trade for the day. Watching like a hawk. I have an idea on sell...but bid to get in...unsure so far. Looking to make $0.10 a share.
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quote:Originally posted by sju1973: Sold EDZ last week for a small profit. Picked up RFMD.
Welcome back R1 Man! It's been pretty quiet around here lately.
First off Sju1973. Thank you for the welcome back!!
I would suggest dumping that stock now. Your up over $0.60 or so. Divergence line is getting close...so likely will start dropping back down.
AFFY...sorry for any who bought in. Bad call for entry and exit. Didn't follow normal trend.
Sold my DEXO today at $1.77. Made 4.1% I got very very lucky...close today would of cost me at $1.60.
I would of made more if I had went and bought BAC/MT/AKS/X/C/F. Ohhh well...can't complain if your making some $$$ no matter how small of a profit it is.
At this point, I'm taking a back seat to buying any of the stocks I just listed above. I think it will come back down and as much as we love roller coasters....we only like going up with stocks. So, one bad report and the market will drop again 200-300 points. Maybe more...maybe it will continue to go up. But I'm going to be lots smarter and also risky at times. I have a lot of work ahead of me for myself and all of us. Like I said years ago. Working as a team works far better then being on your own...unless your Morpheus.
Good luck all and I will be watching the streamer each morning...looking for the next big play.
Thanks again to everyone who has been active and patience with my long awaited return. I hope I can steer everyone in the right direction again. I am a little rusty...so bear with me....and I'm not playing with a Big chunk of money. So it will be very interesting in what I turn my little nest into. I'm excited!!
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PPHM...watch for day trade. $1.35 current. Up 35% because of positive release of study on their drug. All hype...but can make some money. So...premarket thoughts....$1.25 in....$1.35 out. Market open will be the real benchmark. Lets see.
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quote:Originally posted by R1 Man: PPHM...watch for day trade. $1.35 current. Up 35% because of positive release of study on their drug. All hype...but can make some money. So...premarket thoughts....$1.25 in....$1.35 out. Market open will be the real benchmark. Lets see.
Did exactly what I said. Dropped to $1.23....$1.35 now.
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PPHM...$1.47. So now we have a new high or bench mark. So lets see if we can dip in again. Thinking $1.28 entry...$1.42 exit. Time for a dip. BTW.... For selling $0.12 too cheap. DOH!!!!
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PPHM....$1.53....geez...dropped the ball on this one. Missed out on another 14.75%
So scratch the entry and exit points. 11:30 I think it will tank off a bit for lunch. So how low will it go....$1.30-1.36. I might steer away from re-entry on this one. The stock was over $2 5 months ago. I couldn't find any news on why it jumped up back then besides them saying they would do a trial. Today we get the results and that is why it spiked up 48%. So....will it break into $2. I don't know...but its possible that it could happen in the next week or so. But I'd say once the hype is over...stock tanks.
AMR...$0.65. Somethings up here. Just noticed it spiked up $0.21. Have to check into it and see if there are any $$$ to make.
Morpheus...put the cocktails and golf clubs down. Your missing all this easy money today.
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I'm looking at making $550 today is my target.![[Wink]](wink.gif)
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That thing is moving so fast...lol. $0.0001 at a time.
