quote:Originally posted by mickeysoneta: Hello Guys,
I baught IBTY.PK at $3.10 in morning and the now the price is $1.67. Guys and suggestion
Man bud, the rule of thumb in stock trading is buy low sell high. Did you look at the chart for this stock? The chart showed this going from .44 cents to over $3.00 in about 15 days! Man never never buy after a run like that,its more than likely bound to fall fast once it starts to fall and you do not want to get stock in the fall. I just hope you did not expect to use this or any stock as a investment of any sort...Were you? The market after 9/11 is a traders market and NOT for investments. Keep your money in for no longer than enough to make a tad bit of profit at a time and then pull back out. Well good luck.
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I would hope for a small gap up and get out ASAP..or check it off as lesson learned and sell first hting in the AM...hurts less once you cut your loss, accept your mistake and move forward...I have done the same too, but not to this extent...hope you didn't have too much tied up in it...just sold 1/2 of my 2 million shares of USPX today for .55 so I could make a play at AXIGE, figured I could by back into USPX after making a day play of AXIGE.. got double screwed...AXIGE didn't run long, and I couldn't sel for a profit and USPX went through the roof at EOD...lost a few grand...but hell...tomorrow is full of more oppurtunity...Sell and move on my advice...
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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nevermind.just read your other message..my loss is way more than yours...So don't feel too bad...I got F'd for almost 2K...$150...you can make that up in no time
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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..I am sitting on $1400 worth of AXIGE, so I guess I could of realized 2K worth of profit, but really lost $600....so what to do...sell first thing, or wait..similar situation, I plan on checking pre market and then making a decision, but not chancing losing more...just want to win more days than lose...Not that anyone gives a flying F, but this is rather cleansing to vent..ahh...another martini please...
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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Cut your loss right where it is and put into something that is gaining. -or hold your cash.
Next time - SET A STOP LOSS. -always set a stop. You do know how to place a stop limit order don't you? Let us know and we'll help you out pal.
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Mickey...I just started with real money in January...did you paper trade for a while? Read Toni turners books? Go to **************** and read every dang chart lesson that Stock Analyzer has posted....take it slow...and remember...pigs get slaughtered...take 20% or 50-100 bucks here and there instead of looking for the kill....don't fall in love with stocks and remember, there is always another play
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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stay away from the pinks - unless it's a momo play that some of the 'well respected' and knowledgeable people here are posting about - but get in and out...... I've given back $1,000's of profit by 'marrying' some of these pennies
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I have learned only a little so far, more about myself actually...I am in my infancy of knowing this game...made a lot of mistakes..and am reading my pants off...NEVER go into a stock by someone's suggestion...figure out who you can trust by checking their records... if JOESMOE (hoep nobody has that name) says buy XYZ...go back and search his/her threads...winning record??...this game is full of PUMPErs...people who boost a stock just so they can make a $$$....seriously...in a mutual fund,savings account or piggy bank..you can't make 10-20% a day or week..don't be greedy...I just set up another buddy of mine who I teach with to start trading...he started with $500...and is up 200 bucks in 3 weeks...not bad...compound that and yu can see how not beeing a pig can make you very well off in a year or 5....
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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Thanks Guys...and BuyTex...Thank you...you got my alarm bells ringing about a certain old TV-HINT HINT...who was trying to run a group scam...got out today, just in time..got in * .07 and out * .13
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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I traded this IBTY by looking at the Yahoo chart and it was really going up from the last 2 days. so I thought to buy today and make some money and sell it tomorrow.
I generally look yahoo chart and then decide what to do?
Am i doing right. well I know now that it is not .. as I got busted in IBTY.. but still ... what do you think about the CWPC. Let me know..
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Also, Try not to fall for people who POST IN ALL CAPS WITH LOTS OF !!!!'S and stuff ... especially if they only have a couple of posts under their names.
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=).....people create an alias just to pump...I'll look into CWPC and get back to you...but if it is ay 2 of a run...you are most likely too late
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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quote:Originally posted by ARTTEACHER: Thanks Guys...and BuyTex...Thank you...you got my alarm bells ringing about a certain old TV-HINT HINT...who was trying to run a group scam...got out today, just in time..got in * .07 and out * .13
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Mickey...I own this stock too...would be a good play for you as it could potentially run big...It is a real company with a real product, similar to Red Bull-Check the thread liston the main page for the RSHN topic..read it from start to today and make a decision...recent high is .0011 and is currently * .0004-.0005...but the daily volume is more than twice the norm for the past week or two...getting alot of talk on other sites too...it is a stock that you can buy a sh$t load of shares for a few hundred bucks...and if it could potentially be a 2-5 bagger easy...I have 1 million shares and will be buying more manana...will boom soon..hopefully by end of month..
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions
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