posted
I'm definately a position player as opposed to a daytrader. Hard to buy and sell four stocks in a day unless you've got a massive portfolio. I for one do not. Good news for me, gives me freedom with my money.
Posts: 179 | From: Tacoma, Washington, United States | Registered: Sep 2003
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posted
After Hours: 0.01 +0.00 21.43% 5,885,000 4:15pm 10/21/2003
Hey guys...A 21% gain in the after hours...This little guy may actually have another run left in him...I think CYTP will actually hit .017 and hang out there for about a week before it hits with news...Good luck all...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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posted
At E-Trade, they define day trading as buying and selling the same stock intraday. If you do this 4 times in 5 days, you are a "pattern day trader" and are required to have $25,000 in your account.
Kevin
quote:Originally posted by machtabow2: Thanks for clarification. That was to the best of my memory. mach
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
THE STOCK CLOSED FOR US NORMAL TRADERS AT 4:00 AT 16% UP AND THE AFTER TRADING BROUGHT IT BACK UP TO 20%.... MUST BE HARD TO SWALLOW FOR ALL THOSE WHO GOT IN AT .0044-.0055 ON THIS STOCK; ESPECIALLY SINCE IT CLOSED AT A 16% GAIN. AND WASN'T IT UP 31% THROUGHOUT THE DAY???? GOSH WHAT A HORRIBLE DAY SO LET'S DUMP THE STOCK. (CHUCKLEING)
I JUMPED IN AT .0129 AND I'M COMFORTABLE STAYING PUT, NOT GETTING EXCITED AND I GOT MY LIMIT ORDER IN AT .017 SO I'M IN THE BOAT WITH YOU ZO.
I BELIEVE THE STOCK WILL GO HIGHER AND I THINK BHODI IS GOING TO HOLD TO .25 WHICH I BELIEVE IS A GOOD OPTION. I JUST STICK TO MY 30% RULE IN GAIN SO I'M OUT AT .017.
THINK ABOUT ALL THE HYPE ZO REGARDING THIS STOCK AND THAT ALL ENDS IN ONE DAY? IF THAT WE'RE THE CASE, WE SHOULD HAVE NEVER INVESTED IN IT TO BEGIN WITH BEING THAT SKEPTICAL.
posted
I think you mischaracterize most of us who "dumped" this stock. I'm in for free shares now. I sold to get in this position. I locked in a 75% ROI and am riding 15% of my initial investment for FREE. I now have no worries, whether this stock goes to .1 or .001. People who are still in heavy can not say the same.
Kevin
quote:Originally posted by U4TSAF2: THE STOCK CLOSED FOR US NORMAL TRADERS AT 4:00 AT 16% UP AND THE AFTER TRADING BROUGHT IT BACK UP TO 20%.... MUST BE HARD TO SWALLOW FOR ALL THOSE WHO GOT IN AT .0044-.0055 ON THIS STOCK; ESPECIALLY SINCE IT CLOSED AT A 16% GAIN. AND WASN'T IT UP 31% THROUGHOUT THE DAY???? GOSH WHAT A HORRIBLE DAY SO LET'S DUMP THE STOCK. (CHUCKLEING)
I JUMPED IN AT .0129 AND I'M COMFORTABLE STAYING PUT, NOT GETTING EXCITED AND I GOT MY LIMIT ORDER IN AT .017 SO I'M IN THE BOAT WITH YOU ZO.
I BELIEVE THE STOCK WILL GO HIGHER AND I THINK BHODI IS GOING TO HOLD TO .25 WHICH I BELIEVE IS A GOOD OPTION. I JUST STICK TO MY 30% RULE IN GAIN SO I'M OUT AT .017.
THINK ABOUT ALL THE HYPE ZO REGARDING THIS STOCK AND THAT ALL ENDS IN ONE DAY? IF THAT WE'RE THE CASE, WE SHOULD HAVE NEVER INVESTED IN IT TO BEGIN WITH BEING THAT SKEPTICAL.
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
To some extent I agree but I think that locking yourself in at a 30% gain is just a bit too rigid for penny trading.....
I personally made all of my money on the initial cytp surge and had all free shares. I bought back in at .0090.......sold those free shares at .0120........bought back in at .0110..........sold again at .0125.....and now back in at .0092....
None of this was stressfull to me.....and it was very profitable...........But to each his own........
Posts: 134 | From: Clarksdale, Ms 38614 | Registered: Aug 2003
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posted
I didn't lock in a 30% gain, I locked in a 75% gain. And I have never had much luck "flipping" stocks. So I am happy with a 75% gain, and riding free shares.
Kevin
quote:Originally posted by Power106: To some extent I agree but I think that locking yourself in at a 30% gain is just a bit too rigid for penny trading.....
I personally made all of my money on the initial cytp surge and had all free shares. I bought back in at .0090.......sold those free shares at .0120........bought back in at .0110..........sold again at .0125.....and now back in at .0092....
None of this was stressfull to me.....and it was very profitable...........But to each his own........
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
That post was for U4TSAF2 Kevin.....I did exactly what you did........But then just tweeked it a bit today by using my excess profit to continue trading the stock.....There are a lot of ways to play these pennies and that is what makes it so much fun.....
I am very excited about tomorrow.....Good Luck to you.....
Posts: 134 | From: Clarksdale, Ms 38614 | Registered: Aug 2003
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posted
Oh, sorry about the misunderstanding. Good luck and good trading to you!
Kevin
quote:Originally posted by Power106: That post was for U4TSAF2 Kevin.....I did exactly what you did........But then just tweeked it a bit today by using my excess profit to continue trading the stock.....There are a lot of ways to play these pennies and that is what makes it so much fun.....
I am very excited about tomorrow.....Good Luck to you.....
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
Kevin!...I don't know if you read my other post "READ! VERY VERY IMPORTANT!!"...:-)...but i think you would be a great person to post the official topic of the day...What do you say?...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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posted
I don't think that will work because everyone seems to want to talk about different stocks. No one would abide a "Topic of the Day" in my opinion.
Kevin
quote:Originally posted by zo: Kevin!...I don't know if you read my other post "READ! VERY VERY IMPORTANT!!"...:-)...but i think you would be a great person to post the official topic of the day...What do you say?...zo...
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
Well i don't mean a topic on a stock...more of a topic on charts, volumes, and other aspects of readng and knowing the market...A knowledge bases topic...WHat do you think kevin?...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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posted
You'll have to find someone else, Zo. There's enough people on this board that think I'm a know-nothing as it is. If I started posting a "Topic of the Day" the board might explode!
Kevin
quote:Originally posted by zo: Well i don't mean a topic on a stock...more of a topic on charts, volumes, and other aspects of readng and knowing the market...A knowledge bases topic...WHat do you think kevin?...zo...
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
Hahahaha...YOu may have a point there...But know that even though i kind of agreed on certain things on a prevous post, i did not back him up in the sense of going against you...I just wanted to tell everyone here what we should stay away from...And unfortunatly you were used as an example in that post...But know by all means that i do not want you to leave and that i am interested in your posts...I just wanted to get all the negative aspects of the board off this board...Cause i'm sure you have noticed that alot of people have started to get out of hand...It use to be just about the stocks...Wll i hope you don't have any hard feelings agianst me...take care...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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That is where you and I disagree. There are negative aspects to stocks. Pointing them out is simply honest. If you check my past posts, I am ALL about stocks, NONE about people. I don't hold grudges because, honestly, I have real friends in the real world. If people on here like me, that's cool. If they don't, that's okay too. I'll still sleep okay. :) With that said, the "previous post" to which you refer blamed me for the drop in the user's portfolio and credited Rick for the gain in their portfolio. I actually found this rather funny, as we are all adults here, and have only the man -- or woman -- in the mirror to credit or blame for our trades.
Well, that's all for tonight! Got to get some sleep!
Kevin
quote:Originally posted by zo: Hahahaha...YOu may have a point there...But know that even though i kind of agreed on certain things on a prevous post, i did not back him up in the sense of going against you...I just wanted to tell everyone here what we should stay away from...And unfortunatly you were used as an example in that post...But know by all means that i do not want you to leave and that i am interested in your posts...I just wanted to get all the negative aspects of the board off this board...Cause i'm sure you have noticed that alot of people have started to get out of hand...It use to be just about the stocks...Wll i hope you don't have any hard feelings agianst me...take care...zo...
------------------ "I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use." - Galileo Galilei
posted
the bears make money, the bulls make money and the sheep get slaughtered :-)
quote:Originally posted by kevinbailey: Zo-
That is where you and I disagree. There are negative aspects to stocks. Pointing them out is simply honest. If you check my past posts, I am ALL about stocks, NONE about people. I don't hold grudges because, honestly, I have real friends in the real world. If people on here like me, that's cool. If they don't, that's okay too. I'll still sleep okay. With that said, the "previous post" to which you refer blamed me for the drop in the user's portfolio and credited Rick for the gain in their portfolio. I actually found this rather funny, as we are all adults here, and have only the man -- or woman -- in the mirror to credit or blame for our trades.
Well, that's all for tonight! Got to get some sleep!
posted
Excellent point. As has been said elsewhere, some people may be using this board to get stock picks without doing their own homework. But don't blame somebody else if you get in or out at the wrong price. As an adult you have to take responsibility for your own actions. But by paying attention to what you read here you can improve your knowledge and your trading skills. And boy have I learned a lot in just the short while that I have been here. I just got my first computer and I mean my FIRST computer. I haven't used a computer before, not even in school, because I went to school in 40's and 50's before there were computers and probably before most of you were born. I have been using the search screen to learn all kinds of things about stocks, but since I found this place a couple of weeks ago I have really learned a lot. So don't complain, learn from what you read here, then do your own reseach and become a better trader. Remember, its real money that you are playing with. One thing I learned over the years is that I will make mistakes, but it is the big winners that recoup my losses for me. I have also found that I make the biggest profits by trading low priced stocks. I used to think that small was just too speculative, but by doing fundamental research on a stock, even though it was a penny stock it would go up enough to cover a lot of losses. And the same would go for Micro Micro Penny Stocks (stocks under .01) <OK, I just made that definition up, but if a micro micro stock goes from .002 to .02, you are talking real money> You need to watch the stocks momentum and also see if there is any change in the fundamentals or news on the stock to get an idea of when to sell. And of course you also do this to see when to buy a stock. And as has been said many times here, if it goes up 100%, you can sell half and the rest will be a free ride. Happy Trails to you. And with that I will say good buy.
posted
Stargazer... These are very good points. I noticed that many are treating the market like a casino and throwing their money down on a stock hoping for a huge run. It works sometimes and with the help of others, but there are many resources available to you to help you make good and thorough buying decisions. mach
quote:Originally posted by STAR GAZER: Excellent point. As has been said elsewhere, some people may be using this board to get stock picks without doing their own homework. But don't blame somebody else if you get in or out at the wrong price. As an adult you have to take responsibility for your own actions. But by paying attention to what you read here you can improve your knowledge and your trading skills. And boy have I learned a lot in just the short while that I have been here. I just got my first computer and I mean my FIRST computer. I haven't used a computer before, not even in school, because I went to school in 40's and 50's before there were computers and probably before most of you were born. I have been using the search screen to learn all kinds of things about stocks, but since I found this place a couple of weeks ago I have really learned a lot. So don't complain, learn from what you read here, then do your own reseach and become a better trader. Remember, its real money that you are playing with. One thing I learned over the years is that I will make mistakes, but it is the big winners that recoup my losses for me. I have also found that I make the biggest profits by trading low priced stocks. I used to think that small was just too speculative, but by doing fundamental research on a stock, even though it was a penny stock it would go up enough to cover a lot of losses. And the same would go for Micro Micro Penny Stocks (stocks under .01) <OK, I just made that definition up, but if a micro micro stock goes from .002 to .02, you are talking real money> You need to watch the stocks momentum and also see if there is any change in the fundamentals or news on the stock to get an idea of when to sell. And of course you also do this to see when to buy a stock. And as has been said many times here, if it goes up 100%, you can sell half and the rest will be a free ride. Happy Trails to you. And with that I will say good buy.
posted
It was several weeks back that I told many to buy CYTP. Very few complaints and huge gains were realized. I told you yesterday that AFRR is poised to make a huge run within the next weeks. Hopefully nobody chooses to join the party after the stock is up another 100% to 200% and then complains when people begin profit taking. This happens a lot...
posted
I was fine, ecstatic, with the gains I made from CYTP; we all can exit a stock whenever we feel it's the right time to do so; I locked in 100% profits and chose to sell 1/2 of my shares. One thing that many may be forgetting is the chart that Jeremy posted on Monday. We talk about higher highs and higher lows, but how many charts has anyone seen where it's a textbook perfect example, where on the way up, it's ALWAYS a higher high and higher low. I still have a lot of faith in CYTP; I may play the money I made elsewhere, but that doesn't mean I've abandoned the stock. I hope everyone keeps a close eye on this one; just because it didn't really pop big-time like we wanted doesn't mean there's not a lot of upward movement left. Thanks again to mach for the pick and many tips along the way, and so many other posters who contributed their own insights and knowledge. Good luck all !!!
------------------ "Humor. Don't leave home without it" !
Posts: 304 | From: conroe, tx, USA | Registered: Oct 2003
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posted
Absolutely... CYTP is still a hot pick... but yes... part of The Art of Trading Penny Stocks is being able to take profits when you can... Nothing goes straight up... Look for Higher highs and lower lows. mach
quote:Originally posted by breakout: I was fine, ecstatic, with the gains I made from CYTP; we all can exit a stock whenever we feel it's the right time to do so; I locked in 100% profits and chose to sell 1/2 of my shares. One thing that many may be forgetting is the chart that Jeremy posted on Monday. We talk about higher highs and higher lows, but how many charts has anyone seen where it's a textbook perfect example, where on the way up, it's ALWAYS a higher high and higher low. I still have a lot of faith in CYTP; I may play the money I made elsewhere, but that doesn't mean I've abandoned the stock. I hope everyone keeps a close eye on this one; just because it didn't really pop big-time like we wanted doesn't mean there's not a lot of upward movement left. Thanks again to mach for the pick and many tips along the way, and so many other posters who contributed their own insights and knowledge. Good luck all !!!
posted
Correction: I meant higher highs and higher lows.
quote:Originally posted by machtabow2: Absolutely... CYTP is still a hot pick... but yes... part of The Art of Trading Penny Stocks is being able to take profits when you can... Nothing goes straight up... Look for Higher highs and lower lows. mach
posted
wow, bid down to .08. Wish I had opened that margin acct last week while I was sitting around waiting for this one to pop. Everyone still figure resistance is at .007? TIA for your replies.
Posts: 179 | From: Tacoma, Washington, United States | Registered: Sep 2003
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quote:Originally posted by machtabow2: Maybe im totally wrong guys... and I love the enthusiasm... but what I've experienced in the past is that when there is an equal tug between the bulls and the bears at the top of a move... it signals a reverse of a short term trend... At the end of the day... you will likely see a flat candlestick that looks like a cross with a long top and bottom. The day will likely close flat. To my many friends on the board that I've encouraged to make gains... I'm simply saying be cautious... mach
posted
Thought Id bring Jeremy's chart to the top in case anybody's looking for an entry point.
Trading at .008...
quote:Originally posted by Jeremy: Stock Student, just to further illustrate my point I made a quick chart for cytp showing how to spot these longer term trends.
To spot a positive trend, you connect a series of lows. Which is illustrated here by the blue line. (To spot a negative trend, you connect the highs with a line)
Then I also labeled the most recent lows with red arrows, and the highs with green arrows. As you can see, the lows are getting higher, and the highs are getting higher So long term trend... follow the blue line, and it should continue to move that direction until something forces it to turn arround
posted
I out in a buy last night for .0091 to buy on pull back .. but it looks like it pulled back much more than that. Anyone thinks this is going lower or is this MM's wanting to pick up more share by scaring profit takers in to grabbing profits?
Posts: 93 | Registered: Sep 2003
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posted
so hold? or sell for loss and wait till it drops more ... right now I am in 400K@.0091 .. tough call
Posts: 93 | Registered: Sep 2003
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quote:Originally posted by montreal_diamonds: so hold? or sell for loss and wait till it drops more ... right now I am in 400K@.0091 .. tough call
Hmm, tough call, as it isn't my money and I don't know your investing style.. but if it were me personally I'd probably just hold it. You have what, about a 4-5% loss on it right now only?
And you take the september 22nd low, the october 1st low, and the october 16th low and draw a line like I did on the other one, you will see that tomorrow it intersects the y-axis right above the .007 mark. So in my opinion, that is as low as it could go, but with the way the stock is acting today, it may not have a chance to drop that low.
If this thing can close at around .0085 or so, I wouldn't expect the rest of the week to be much different, and will probably just trade sideways.. unless there is news of course.
If you extrapolate the line connecting the lows, you're looking at probably sometime mid next week before starting another run up. It should see some slightly up and down days as it drifts along, and if you are good at timing, you could probably get in and out in the 10-20% swings to cover any losses... but I'm just speaking for myself when I'd hold, since I tend to have not the greatest luck when trying to time those kinds of trades
quote:Originally posted by Jeremy: Hmm, tough call, as it isn't my money and I don't know your investing style.. but if it were me personally I'd probably just hold it. You have what, about a 4-5% loss on it right now only?
And you take the september 22nd low, the october 1st low, and the october 16th low and draw a line like I did on the other one, you will see that tomorrow it intersects the y-axis right above the .007 mark. So in my opinion, that is as low as it could go, but with the way the stock is acting today, it may not have a chance to drop that low.
If this thing can close at around .0085 or so, I wouldn't expect the rest of the week to be much different, and will probably just trade sideways.. unless there is news of course.
If you extrapolate the line connecting the lows, you're looking at probably sometime mid next week before starting another run up. It should see some slightly up and down days as it drifts along, and if you are good at timing, you could probably get in and out in the 10-20% swings to cover any losses... but I'm just speaking for myself when I'd hold, since I tend to have not the greatest luck when trying to time those kinds of trades
posted
The floor price for CYTP is .007...If you want to buy, buy at that point...zo...
Posts: 1025 | From: los angeles | Registered: Sep 2003
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