My question is, is all this necessary? I finally got around to looking at all the links that were posted for DD a few weeks ago, and discovered http://www.stockta.com.
I put in a symbol and it analyzed all the indicators I'd been making myself crazy reading about for the past two weeks.

It's lazy....it's probably cheating to all you fundamentalists...but I'm sure glad I found it.

"My question is, is all this necessary?"

Research, absolutely.

If you are to be successfully consistently,
year after year, you will leave no stone
unturned in your research.

One significant loss can wipe out all your
profits from a month's work, or more, even
an entire year of profits.

Are you willing to risk that because you
don't like all the work required to perform
good research?

A bit harsh, yes, teachers are like that.

However, my attitude about not playing the
bandwagons, not buying into hype, is well
founded in factual verifiable evidence;
my public track record.

Last trading year, my total losses: $293.
Yes, less than three-hundred bucks for
the entire 2003 trading year. Profits?
Well, they are very good.

If you like, Waterwitch, want to see what
good research, cautious and conservative
investing can do for you, skim through all
my articles over on the "Free For All"
board here at All Stocks. Those articles
do date back a good period of time and
are well hidden now.

You will find many stocks profiled by me,
and will note, all turned out to be winners.

Some only gained ten to fifteen cents per
share, so far. Others, most, gained about
fifty cents share. A handful gained right
at or well over a dollar a share. All of
this in thirty to sixty days. A few of
those profiled stocks are still gaining.

So is research and hard work worthwhile?

I will elude to this, my net cash profits
for this month, so far, $6,900 with net
cash profits meaning, "Cash in hand."

Not a chance I will risk losing that
simply because I don't want to work
so hard, so often.

Some might suspect my research pays well,
as does all these long hours I spent each
day, researching stocks, by the hundreds.

I get out of this, what I put into it.

So will you.

AS USUAL GREAT ADVICE BASED ON YEARS OF KNOWLEDGE AND EXPERIENCE.

I AM PROUD OF YA BEAV. SEE I COULD HAVE TOLD YOU JUST TO CHECK STOCKTA.COM. INSTEAD I P-SSED YOU OFF AND MADE YOU LEARN. I HOPE YOU ONLY KICKED THE DOG A COUPLE OF TIMES..LOL

By studying and applying what you learn to the makets, you will find "your style" of investing or trading. You will find the indicators that you will apply to any stock to see if it fits into your style. Screening is a quick way to get a list of possibilities, then narrow it down. One thing i advise, is to not think a stock has to be under 1 cent for it to be a buy. A .50 or even a 2.00 stock may be the better buy after considering its potential. Have a price goal, it may be what the charts are telling you or a percentage. Don't get emotional about a stock, it distorts your vision. Every day and look at your stock and ask yourself if you want to be invested in it, given price, news, support, resistance, etc.... If I get too caught up emotionally in a stock i usually sell it and go to a different one.
I have sold a stock and stepped back, just to buy it again, but with a clear view of the overall picture. And yes, you need to dig into the fundamentals, at times it may seem unnecessary, but it is. Next, you will find some people on here that you follow, but still do the DD yourself, you will learn from it.

I could tell you a childhood story about a
blind hog and I, which would make you piddle
your pants.

Hogs grub for roots, bugs, whatever. Mostly
they trample you half to death trying to
get to the slop trough.

Blind squirrels find acorns!

Silly city slicker!

Hogs grub for roots, bugs, whatever. Mostly
they trample you half to death trying to
get to the slop trough.

in penny stocks it is good to be suspicious of everything, and to learn to read between the lines. very clever lawyers and marketing people are crafting documents and pr's to put their company in the best possible light. if a statement isn't crystal clear, it was likely composed to be that way. when you research a company, research the competition as well. just because xyz inc. has a widget they just brought to market, does'nt mean anything without knowing everything about the marketplace and the competition.

i find ta very useful to spot trends and for intraday help in spottin good entry and exit points. it helped me allot yesterday with plkc when i sold at .19 when the mac d lines crossed. not the top but better than today at .13.

also, know when to take profit. penny stocks for the most part will confound someone who is used to playing dow and nasdaq stocks. the constantly will surprise you. it is far too easy to have the huge gains of a few stocks blurr a realistic perspective. don't try to pick the top and bottom and work in and out of a position with smaller multiple trades.

it takes time to get a feel for this all. don't be discouraged if you have a few lean years.

i really don't calculate much more than the bottom line, so i am sure the total some of my red plays lost much more than purls. i am currently playing 36 stocks in my microcap portfolio with some fairly large positions in over half of them. for 2003 i had 617% of what i started with and the net was enough for someone to buy a yacht and retire on it. but since i've already been there and done that, i will just keep letting it roll, and share it with people that never will have a fraction of the opportunity i have and have had. maybe in the big plan (i don't profess to know, as i don't even have a formal religion) i am just a middleman. who knows? i just know i am very happy and always stimulated by trading and venture capital.

good luck beav. there are a number of good people here who will help you.

quote:

---

Originally posted by Purl Gurl:
Waterwitch wrote:

"My question is, is all this necessary?"

Research, absolutely.

If you are to be successfully consistently,
year after year, you will leave no stone
unturned in your research.

One significant loss can wipe out all your
profits from a month's work, or more, even
an entire year of profits.

Are you willing to risk that because you
don't like all the work required to perform
good research?

A bit harsh, yes, teachers are like that.

However, my attitude about not playing the
bandwagons, not buying into hype, is well
founded in factual verifiable evidence;
my public track record.

Last trading year, my total losses: $293.
Yes, less than three-hundred bucks for
the entire 2003 trading year. Profits?
Well, they are very good.

If you like, Waterwitch, want to see what
good research, cautious and conservative
investing can do for you, skim through all
my articles over on the "Free For All"
board here at All Stocks. Those articles
do date back a good period of time and
are well hidden now.

You will find many stocks profiled by me,
and will note, all turned out to be winners.

Some only gained ten to fifteen cents per
share, so far. Others, most, gained about
fifty cents share. A handful gained right
at or well over a dollar a share. All of
this in thirty to sixty days. A few of
those profiled stocks are still gaining.

So is research and hard work worthwhile?

I will elude to this, my net cash profits
for this month, so far, $6,900 with net
cash profits meaning, "Cash in hand."

Not a chance I will risk losing that
simply because I don't want to work
so hard, so often.

Some might suspect my research pays well,
as does all these long hours I spent each
day, researching stocks, by the hundreds.

I get out of this, what I put into it.

So will you.

Purl Gurl

---

For the record...the question "Is all this necessary?" was not referring to doing research. I realize that doing the due diligence is paramount.

What I was asking is whether or not it is necessary to know how to interpret the information contained in the different types of charts one finds during research, when it is all available at the touch of a button.

Sorry for the confusion...

Beav

Roberta The Remarkable Robot! I have been
programming her for four years now. She does
pretty good, but it doesn't take long to
figure out, she is just talented software.

Charts are just as critical as fundamentals
but need a lot more care. Charts will fool
you a lot quicker than will fundamentals.

Fundamentals, we can look at numbers, make
sense of it all, make some fairly decent
projections.

Charts and related "opinion" software, those
can get you into a lot of trouble. Trust your
eyes and brain, before you trust software.

If you don't, someone like Roberta will drive
you literally nuts, just as I do.

quote:

---

Originally posted by glassman:
PG I hope you scrolled thru the PGHI thread they are still trying to figure out if they need to hit the tornado shelter.

---

JUST CAME FROM VISITING THE BIGS (FREE FOR ALL). PURL, IVAN STILL CRUSING IN THE 2.90 RANGE.

EVERYTHING I OWN ON THE LONG RED-RED-RED-BAILED ON ONE OF MY FAVORITE NVLS. LUCKY FOR CNBC NEWS ALERT--I BAILED EARLY A.M. WHEW-12% DOWN NOW. BAILED ON FREE SHARES OF CYGN AT .85. WOW. GREAT PROFIT. PURL--IT'S NOT FEB.7TH YET SO BET IS STILL ON FOR CYGN. PLENTY OF TIME FOR 1.00--GOT MY 10 SHARES OF ENRON SET ASIDE FOR YOU JUST IN CASE. BOUGHT AT .06. LOL MY MICRO'S ARE HOLDING THIER OWN OR GAINING-CTKH-PRIM-ADVC-CESY (SURPRISINGLY)

I AM A LITTLE BORED!! DOES ANYONE HAVE ANYBODY THEY AREN'T THAT HAPPY WITH. I COULD-- LIKE --GIVE THEM A PIECE OF YOUR MIND--GIVE ME THE RUN DOWN---I WILL HANDLE IT FROM THERE. JUST A THOUGHT!! LOL

AS USUAL.. GOOD POSTS!!

I'll b honest and say that I don't do much DD. Many resons 1-)I don't have time to spend 2 or 3 hours a day doing research 2-)I don't know anything about Charts, Level II, candlestick, ect. and learn about all that. and 3-)What do I have this board for?

Don't get me wrong I don't go and jump and buy a stock just because I read a post here or there (I already paid the price). In the short time that I been visiting this board I know who have good intentions and want to help others. Before making a move I do some research I read the company history and profile and news and PRs (that's all the research I know how to do for now) and it works for me. I started trading about 3 year ago in the regular stock market and last year along I was down more that 50%, but after I started trading in pennies I'm over my initial investment. I didn't start investing in pennies before because every where you read something about penny stocks it says that there is big risk and the porcentage of gain is very low, but because I am young I decided to do it.
I'm very greteful and I thank you all one more time.
(excuse my English)

quote:

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Originally posted by dardadog:
Everyone here is aware of my trading style. What everyone here should also know is that I spend 6-8 more hours a day with DD.

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quote:

---

Originally posted by glassman:
Comes from very old traditions still practiced today in the form of cockfighting and dog fighting. Bears and bulls were baited in fighting pits. The bear claws downward --the bull horns lift and throw. On the charts you are seeing bears clawing or bulls goring.

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i never knew that is where these terms came from. thanks.

quote:

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Originally posted by glassman:
MamboK-- i can't help wondering why somebody puts up no trespassing signs.

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I'm sorry glassman, but I don't understand you. Could you explain.

Tx.