posted
i have been posting about and recommending this for quite some time. it seems to be on a steady climb. i accumulated 2m shares in the .03 range and really like how it is moving. more news in the works imho.
posted
i dont think this has a solid fuel rocket tied to it, but would not be surprises to see it reach .06 by the end of the month with a pr or two. vol has really picked up going to the bell.
posted
The big test will be .04 tomorrow. Big wall there, and the 21-day moving average to beat. But if it can get past that, I definately don't see .06 out of the question. But be prepared for a pullback if it can't break .04.
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posted
.04 shouldn't be a problem at all.. and hard to tell about a PR, but it would be hard to believe that this movement is not because of a soon pending news release. So yes, this move is being fueled by something, and once it's validated it will probably have a 50% day without looking back.
But the longer the PR takes to come, the less likely these prices will sustain, as people begin to pull out with their profits thinking there won't be any news.
posted
Bottom Triangle (Feb 09, 2004) - A Bottom Triangle/Wedge is considered a potential long signal. It indicates a possible reversal of the current downtrend. This means the following depending on your current position in the stock: If you already have a long position you may consider holding or accumulating. If you already have a short position you may consider closing it out. If you don't have a position you may consider taking a long position.
Event confirmed with close price of $0.04 on Feb 09, 2004 Possible target price range is $0.07 - $0.09 Volume at confirmation was 19,156,100 Pattern duration is 38 days Inbound trend duration is 160 days
quote:Originally posted by old mullet: a pr in the morning and .04 shouldn't be a problem. let's hope-------
posted
i have always liked your understanding of the psychology of the market. that is the key in penny stocks more than in any other area of the stock market. here a 37% day is just shuffling along compared to the "stars" of the penny world. if a dow stock moved 37% it would make the front page of the wsj. anything short of 3 digits is just a good day here.
when i look at where this stock once was (insert safe harbor statment here) i can only hope it has a spark of it's greatness left to kindle a new fire.
uncle milty
quote:Originally posted by Jeremy: .04 shouldn't be a problem at all.. and hard to tell about a PR, but it would be hard to believe that this movement is not because of a soon pending news release. So yes, this move is being fueled by something, and once it's validated it will probably have a 50% day without looking back.
But the longer the PR takes to come, the less likely these prices will sustain, as people begin to pull out with their profits thinking there won't be any news.
posted
Thanks milty. BUt that's what it's all about in the penny world, just what you said. Like I've told a lot of people here, so many focus on trying to find that big winner to get rich... well, while everyone is holding onto dead and failing stocks for weeks or months on end, I'm making hundreds of dollars a day by taking these wonderful 10-50% daily or weekly gains by dozens of OTC stocks.
Like you said, you won't find these on the major indexes, and if you do, by the time you hear about it, it's too late. That's what makes the OTC market so fun, is you can essentially trade by analyzing other's emotions (ie. buy on the rumor, sell on the news).
It's great to throw 2-5k into a stock and see it go up 25% in 3 or 4 days, which isn't uncommon for most stocks here. You do the math, but when you can make 500-1200 in a few days with almost any stock on the OTCBB, you're doing quite well
But anyway, I digress. I was just wanting to illustrate that some people here should focus less on trying to find the next ibzt, neom, etc... and focus more on cashing in on the dozens of large gains you can see every single day on the OTCBB. You could be holding onto a stock waiting for that big 1000% gainer for 6 months before it ever happens... while in that time, you could easily be making 500-5,000 every month with the other opportunities out there. Add that amount up over 6 months and see how you like that number
That's what I'm saying about TFCT. Right now, this is both a great stock to hold long-term, and it's in a great position to trade as well. Just remember, the stocks you are holding long-term can still be traded while you're waiting for the big money to arrive.
I don't know why I went off on that tangent, boredom I guess. But this stock is just a great example of how you can make money almost daily, yet still hold some shares for the next few months or year and still come out WAY ahead
posted
Jeremy.....I have to agree with Milty here. I'm always finding something insightful in your posts. You have great advice....and I've seen you make some great picks......Thanks!
PSU
quote:Originally posted by Jeremy: Thanks milty. BUt that's what it's all about in the penny world, just what you said. Like I've told a lot of people here, so many focus on trying to find that big winner to get rich... well, while everyone is holding onto dead and failing stocks for weeks or months on end, I'm making hundreds of dollars a day by taking these wonderful 10-50% daily or weekly gains by dozens of OTC stocks.
Like you said, you won't find these on the major indexes, and if you do, by the time you hear about it, it's too late. That's what makes the OTC market so fun, is you can essentially trade by analyzing other's emotions (ie. buy on the rumor, sell on the news).
It's great to throw 2-5k into a stock and see it go up 25% in 3 or 4 days, which isn't uncommon for most stocks here. You do the math, but when you can make 500-1200 in a few days with almost any stock on the OTCBB, you're doing quite well
But anyway, I digress. I was just wanting to illustrate that some people here should focus less on trying to find the next ibzt, neom, etc... and focus more on cashing in on the dozens of large gains you can see every single day on the OTCBB. You could be holding onto a stock waiting for that big 1000% gainer for 6 months before it ever happens... while in that time, you could easily be making 500-5,000 every month with the other opportunities out there. Add that amount up over 6 months and see how you like that number
That's what I'm saying about TFCT. Right now, this is both a great stock to hold long-term, and it's in a great position to trade as well. Just remember, the stocks you are holding long-term can still be traded while you're waiting for the big money to arrive.
I don't know why I went off on that tangent, boredom I guess. But this stock is just a great example of how you can make money almost daily, yet still hold some shares for the next few months or year and still come out WAY ahead
quote:Originally posted by PSU90: Jeremy.....I have to agree with Milty here. I'm always finding something insightful in your posts. You have great advice....and I've seen you make some great picks......Thanks!
PSU
nice to see you posting psu, mi amigo. how is wearing the badge affecting your trading time? i hope some of the wierd off the subject stuff isn't making your job hard. a little fun often breaks the ice even if it borders on breaking the rules. you are doing a great job. the threads are staying pretty productive.
time for some shut eye----well maybe just one or two new posts. ok, i'm a penny junkie.
jeremy, it's about having a plan, and some simple rules and a basic recipe. you obviously have not put your paycheck on that hot horse in the fifth. more power to ya bro.
just out of curiosity, what is the average number of penny stocks in your portfolio on any given day?
posted
Well, I have about 5-10 in my portfolio at a time. That is the majority of my stocks in this account, since my IRA account holds most of my long-term plays, REITs, index funds, and dividend paying stocks.
But my plays for the most part are usually 1 week plays, so I average about 10-15 trades per month. And if I can average about 500 dollars of profit for trade in a month, I consider myself doing very well What other job can you literally make 5,000 per month by sitting at home in front of your computer screen and talking with friends?
posted
Wow what a nice supprise! I left the house this morning at 9:40 to drive to work.. just got to work and I'm happy to see it already at .05 I think tonight may be calling for a steak dinner and some good red wine.
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posted
thanks Uncle Milty. Was wondering what you thought as I can go to free share position but I think we can pass .07 on strong news and financials. I have my buy in afrr at .0013 today as instructed. When is afrr supposed to have news, maybe I should hold it through the week?
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posted
i don't instruct. just make suggestions. please do lots of your own research and follow your own judgement.
it seems like we must be on the verge of seeing some tfct news.
uncle milty
quote:Originally posted by emunahstock: thanks Uncle Milty. Was wondering what you thought as I can go to free share position but I think we can pass .07 on strong news and financials. I have my buy in afrr at .0013 today as instructed. When is afrr supposed to have news, maybe I should hold it through the week?
posted
Well I'm a little dissapointed with myself with this one. I broke my own rules, I was meaning to sell this at .05 or higher.. but I watched it drift lower, thinking it will just be a quick shake and we'll be back up. I've continue to watch it drop all the way to where we started the day.
I'm still quite ahead with this stock, but this is a perfect example as to why you stick to your goals when you make a trade. I wanted to be in and out in 2 days with 50% or more. My goal was reached, but instead of selling as I planned, I got greedy and because of that this 2-day swing is going to turn into a 3-5 day play.
This stock will still move forward, but I'm just not happy I did not follow through with my original intentions, thus keeping my money tied up for longer than it needs to be
posted
where did that 52 million shares come from with no pr? fooled me too. maybe tomorrow.
uncle milty
quote:Originally posted by Jeremy: Well I'm a little dissapointed with myself with this one. I broke my own rules, I was meaning to sell this at .05 or higher.. but I watched it drift lower, thinking it will just be a quick shake and we'll be back up. I've continue to watch it drop all the way to where we started the day.
I'm still quite ahead with this stock, but this is a perfect example as to why you stick to your goals when you make a trade. I wanted to be in and out in 2 days with 50% or more. My goal was reached, but instead of selling as I planned, I got greedy and because of that this 2-day swing is going to turn into a 3-5 day play.
This stock will still move forward, but I'm just not happy I did not follow through with my original intentions, thus keeping my money tied up for longer than it needs to be
posted
Yep, something is definately brewing, and I'm sure if I hold on a few more days I will be rewarded. But the trader in me wanted to sell above .05, wait for the pullback to around .04, load up again... wash, rinse, repeat
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I really enjoyed reading your conversation. I was away from the computer today so didn't get to see this all happen. I left my account was on auto-pilot.
Uncle Milty, Thanks for the suggestion on buying more of this one. I automatically put in a sell for free share position as soon as I bought more last week.
52 was my magic sell number and I got lucky today and my sell filled. Yet I have mixed feelings about whether I am happy about the sale or not because I think bigger things are in the future for this stock.
So Jeremy, don't kick yourself. You might have made the better decision by NOT selling because in a short time I'll probably be wishing I still had all the shares. So it goes.
So Uncle Milty, do you have any suggestions for where to invest the $ I made on this sale?
posted
YOU MIGHT WANT TO CONSIDER BUYING BACK TFCT AT IT'S NEW LOWER PRICE. more shares or keep the profit. i suspect there is something in the way of a positive pr in the next few days. i would be surprised that the raffle web site is fueling this recent move.
uncle milty
quote:Originally posted by chill: Hi Milty and Jeremy,
I really enjoyed reading your conversation. I was away from the computer today so didn't get to see this all happen. I left my account was on auto-pilot.
Uncle Milty, Thanks for the suggestion on buying more of this one. I automatically put in a sell for free share position as soon as I bought more last week.
52 was my magic sell number and I got lucky today and my sell filled. Yet I have mixed feelings about whether I am happy about the sale or not because I think bigger things are in the future for this stock.
So Jeremy, don't kick yourself. You might have made the better decision by NOT selling because in a short time I'll probably be wishing I still had all the shares. So it goes.
So Uncle Milty, do you have any suggestions for where to invest the $ I made on this sale?
posted
Thanks Uncle Milty, I think I might have missed that new low this morning as it looks like it is back on its way up. I do have a buy order in for more at .036 but may have to raise if I want to get back in. What do you think? chill
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What other job can you literally make 5,000 per month by sitting at home in front of your computer screen and talking with friends?
I think tonight may be calling for a steak dinner and some good red wine.
