quote:Originally posted by justplayin: Mav (or anyone), sorry for the ignorance, but what is an Elliot wave?? or where can I go to learn about it?? Thanks
posted
So... Does this Elliot wave mean that we expect a retractment before the next major move?? If the theory is correct, news is the next piece of the puzzle to get this to copper. Thoughts???
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I never use the elliot wave.. Maybe, Mav can explain..
GL
quote:Originally posted by justplayin: So... Does this Elliot wave mean that we expect a retractment before the next major move?? If the theory is correct, news is the next piece of the puzzle to get this to copper. Thoughts???
posted
whenever i have a large position in a micro penny, $20k or more, i follow my basic rule if it is having a run on no news. i work toward free shares by selling at twice my buys plus 15%. that pays capital gain and gives me truly free shares and my original capital to put into more diversity or currently out of favor plays. i have not been as successful whan i try to wring the last little bit out of each play. since i buy AND sell any position in $2-5k increments it smooths out the lumps and keeps the overall stew pot bubbling. 617% last year on a 30-40 stock microcap portfolio is plenty good enough for me.
i sold my first position in cytp this morning at .0086. i think it will likely go higher, but have in some other buys on tfct that i think might move more short term.
my goal with cytp is to have 1.5 m free shares. my sells are in place to make that happen.
some stocks can be exceptions, like pghi. it is a hot topic on no news. the current threads all over the internet fuel allot of it's strength. i am still holding my mid .02x buys as i feel they were really bargain buys. there is too much predictable news on the horizon. cytp could also have pleasant surprise in it's future, but i am not aware of anything quite like pghi has coming.
posted
Uncle Milty, as long as you sell w/ profit, it's always a good job.. Congrats.. I am holding all my shares at this point.. IMO,this momentum will carry us between .01-.0135. I am expecting news this week about VOIP or givingcard..
GL
quote:Originally posted by old mullet: whenever i have a large position in a micro penny, $20k or more, i follow my basic rule if it is having a run on no news. i work toward free shares by selling at twice my buys plus 15%. that pays capital gain and gives me truly free shares and my original capital to put into more diversity or currently out of favor plays. i have not been as successful whan i try to wring the last little bit out of each play. since i buy AND sell any position in $2-5k increments it smooths out the lumps and keeps the overall stew pot bubbling. 617% last year on a 30-40 stock microcap portfolio is plenty good enough for me.
i sold my first position in cytp this morning at .0086. i think it will likely go higher, but have in some other buys on tfct that i think might move more short term.
my goal with cytp is to have 1.5 m free shares. my sells are in place to make that happen.
some stocks can be exceptions, like pghi. it is a hot topic on no news. the current threads all over the internet fuel allot of it's strength. i am still holding my mid .02x buys as i feel they were really bargain buys. there is too much predictable news on the horizon. cytp could also have pleasant surprise in it's future, but i am not aware of anything quite like pghi has coming.
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I hate to disagree with you Uncle, as I greatly value your opinion. The fact remains that everything I have found with my DD including the thread here, PGHI is not specifically mentioned nor is there company forcasted news except the name change. Yes, PGHI looks bright, but CYTP company spokespersons have confirmed positive new prior to annual stock holders meeting. I also hold PGHI, but the only "news" comes from people who can not spread the news they have been given. This makes me suspect. If the CO can e-mail shareholders and the reply is not public knowledge, isn't that insider info and illegal?? Yes, PGHI looks great, but TA and company backing statements of positive news on CYTP should make this stock brighter than speculation. Thoughts??
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I have been following this stock for a while now...if all things end up positive, at what point do you plan on selling it at?
Thanks-
MM
quote:Originally posted by raven76: Hi Mav! Nice to see another successful trader in CYTP..I am pretty surprised that this stock hasn't attracted most people's attention so far..
About the news you are right..The company itself made it clear that they would have some announcements in January.. yes, it's a gamble as most of the sub-pennies, but it's a safer one..
i'm not sure what your position is in cytp. if i have a smaller position ~$5k or so i usually will watch through a few beta cycles to get a feel for the stock. i hope it goes above a penny too.
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I think we may see many Elliot waves patterns during the next days for CYTP, today we saw a complete 5 waves pattern, we had strong RSI support during the first 3 waves, then came the 4th and 5th waves with less RSI support, which took us to this pullback here at these levels. All this with no news at all. In my opinion we will stay at this trading area today and we could see again this pattern over the next days, when good news hit us then CYTP will boom all over. This stock is very bullish as we saw in the charts. Again, this is only my opinion.
quote:Originally posted by raven76: I never use the elliot wave.. Maybe, Mav can explain..
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I'm planning to sell half between .01-.0135.. I'll ride the other half until the technicals give me the sell signal or if the news is not as good as I expect..
GL
quote:Originally posted by modelman79: Raven-
I have been following this stock for a while now...if all things end up positive, at what point do you plan on selling it at?
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Modelman, one more thing: if any news about VOIP released, I definitely don't know how the market will react..The stock might run crazy..I'll be watching the action very closely..
GL
quote:Originally posted by modelman79: Raven-
I have been following this stock for a while now...if all things end up positive, at what point do you plan on selling it at?
posted
.0075 should hold.. If not, many traders will leave the boat..
GL
quote:Originally posted by raven76: Modelman, one more thing: if any news about VOIP released, I definitely don't know how the market will react..The stock might run crazy..I'll be watching the action very closely..
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i agree, that what i am doing with cytp won't necessarily or likely bring me maximum profit. and the points made re pghi are well taken. maybe i have gotten to like free share positions too well. this cytp pop happened pretty quickly and i guess i just took an opportunity to put some of the capital to work on other fronts. i might even consider selling some pghi if it has a 100% week from current levels. i have nothing against cytp, i am just very bullish on diversity. i am getting too old for huge seas and roller coaster rides. i guess i've seem too much profit taking over the years spoil a good party. if cytp gives me a shot again in the mid .006s i'll consider buying again.
i think we are all on the same page with cytp, just different disciplines, tactics and positions. though i am a fan of sports car performance, i'm a diesel wagon guy when it comes to stocks. (and real cars for that matter). i like to carry allot in a slow reliable fashion. four doors and a hatchback to load and unload easily.
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Uncle, I may have misunderstood your earlier post regarding your interest in PGHI. I am hopeful for the stock but not as wild about it as others. It seems like more speculation that cytp (if that is possible). Additionally, you have tought me to take free shares, and I thank you for that. I have followed your advice many, many times. You had given me that advice about 2 months ago. Thank YOU!! I guess that I just see a stock up almost 300% in the same time frame that PGHI is up 100%, and TA shows immenant gains in CYTP versus potential in PGHI. Anyway, your point is well taken and all would be advised to heed your advice.
if this thread had the volume of posts, following, and pretty bullish nature, i would also have a little different tack on cytp. i never underestimate the power of these threads on penny investors. for pghi the thread here comes up at the top of a pghi search. the vast majority of penny investors probably couldn't answer 1 out of 10 technical analysis questions.
if i had the time i'd like to contribute to a good thread for cytp like the pghi thread. after a very intense weekend and two gigs tonight, i am relaxing today and watching my bottom line gain for the day bouncing around the mid 5 digit green catagory. great therapy for a tired bod and head. but my pda keeps buzzing me to remind me i have very little free time.
the old cytp thread started to go a little sour if i remember. why don't you hunt and post if you have the time. put another log on the fire. i am a millions of shares believer that this was a steal at .004.
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Uncle, Congrats on your green new year. I do remember the hostile way the first cytp thread went. Kinda reminded me of RB. I will try to find something new on cytp and inform the board. Thanks again for all your input. Rich
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Let me look at this from a different perspective: The shorter the thread is the more people are on the sidelines..So, we are among the first people got in..The people watching this will get in and drive the price higher.. I personally like the fact that not too many people bought CYTP at this time...
GL
quote:Originally posted by old mullet: rich,
if this thread had the volume of posts, following, and pretty bullish nature, i would also have a little different tack on cytp. i never underestimate the power of these threads on penny investors. for pghi the thread here comes up at the top of a pghi search. the vast majority of penny investors probably couldn't answer 1 out of 10 technical analysis questions.
if i had the time i'd like to contribute to a good thread for cytp like the pghi thread. after a very intense weekend and two gigs tonight, i am relaxing today and watching my bottom line gain for the day bouncing around the mid 5 digit green catagory. great therapy for a tired bod and head. but my pda keeps buzzing me to remind me i have very little free time.
the old cytp thread started to go a little sour if i remember. why don't you hunt and post if you have the time. put another log on the fire. i am a millions of shares believer that this was a steal at .004.
uncle milty
[This message has been edited by raven76 (edited January 05, 2004).]
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I will try to find something new on cytp and inform the board.
