posted
I haven't found one yet. But just this once, if I do, I'll post it for you.
When I find one, I usually go into it big. Sometimes I get stuck for a while, like DVLN, which I still think will pop in the next few weeks, and sometimes I pick up a quick winner. When there's a market meltdown I daytrade on the way down. I don't often lose much, because it makes more sense to run away with a 10% stop loss than to hang around and take a whaling. Nor do I make huge gains, because it makes more sense to take a 20% profit than to wait around for massive gains...the only exception to that rule is with subpennies.
What I rarely do is crazy glue my money to the bottom of a hole and spend the week dreaming loudly about how nice it'll be when it levitates out of the hole.
What I NEVER do is boast about all the winners I bet on last week, because I can't think of anything lamer and more ridiculous than that.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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Volume was 600k + on friday ..... This seems to be a more stable price range with conservative profit potential .
How many shares do you have of this one ? Whats your average share price ? How long have you been watching it .
Looks like heavy resistance at the 1.20 level to move down . So unless I'm mising something ... it looks more likely to move up from here .
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The BRK.A shares are 100 K . Most expensive stock in the world . But I did buy a couple more BRK.B shares within the last three weeks when I saw them at 3,600 dolars a share . Their about 3.950 at the moment . I will sell them tomorrow I think .
Have you even tried Rush drinks yet ? They taste great . But more than that .. I love that they are healthy . I think that is a big plus on long term marketing side .
And I really don't care if you bash the stock . I want to see the price go down . Good luck Scotty and don't let me down .
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quote:Originally posted by triovestor: You mean BRK.B .....
The BRK.A shares are 100 K . Most expensive stock in the world . But I did buy a couple more BRK.B shares within the last three weeks when I saw them at 3,600 dolars a share . Their about 3.950 at the moment . I will sell them tomorrow I think .
Have you even tried Rush drinks yet ? They taste great . But more than that .. I love that they are healthy . I think that is a big plus on long term marketing side .
And I really don't care if you bash the stock . I want to see the price go down . Good luck Scotty and don't let me down .
No, I meant BRK/A. Hell, why not? You might as well lie big if you're gonna lie, and lie you do...a lot.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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posted
Oh, and I thought you were waiting for .0002, but gave up and bought .0003. Was that true or were you just lying then too? It'll get to .0001, never fear. But gosh, you'd better buy more at .0002...I bet you can now! And you wouldn't want to actually make a smart move and ruin your rep for an unbroken string of losses, right?
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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posted
I did buy some at .0002 . I told you that .
why do you say I'm lying . I have only mentioned some I have made a gain on . I took a putrid loss on Raven moon . Does that make you feel better . Laugh it up .
I hope we both make a lot of money so we can buy big homes in the hills of hollywood California Where I can pee off my double balcony with a city lights view onto your property .
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1 You're not a doctor, either MD or PhD. Far too many textual mistakes for an educated individual. 2 You haven't been within 100 miles of BRK, either A or B, yet you claim to pick up a couple of B when it went down a bit and now you're going to sell them. Brk/b is not a daytrade you horse's ass. Why would you tie up tens of thousands of dollars for a few percentage points in a slow moving coal barge when you can get the same bump on any of a hundred or two hundred stocks with a much lower PPS and just as much safety? You're obviously lying about that too, but even if it were true it makes you look stupid. 3 You constantly flog sub-pennies in their death throes, in an unbroken string of failures, yet boast after the fact that you made big wins on stocks you never mentioned before. 4 You claim to have "made money" in stocks during time periods you couldn't possibly have made money on them, since they were plummeting straight down at the time. 5 You claim to know what you're doing, but the best you can come up with is some vague notion of "risk vs reward" or some rot. I doubt you even know what the significance of the o/s and float is, even though people have been trying to drill it into your skull for weeks.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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posted
I guess we have to keep posting something to keep the threat up and moving so here is my contirbution. I don't know RE but when people bale they bale...pumpers or bashers...who knows...QBID had about a 2 year run with great PRs and about XXXIX threads......I always thought this person was a pumper much in the vein of RE and several others here...but we'll never know. Pumper or not this was pretty good advice.
I was a newby penny player then and still remember "all we have to do is launch" from .01 to $10 over night.......pennys are like slots... you get 7-7-bar and just know it's going to be 7-7-7 on the next pull. The CEO of QBID was a crook but that is only a step away for being a fool who is unable to manage his compnay correctly who gets desperate.
A REMINDER OF THE GOOD OLD TRADING DAYS--
The stock market is a money machine for a small number of people. Most investors, including mutual fund managers in nice suits, don't beat the stock market. You should accept this fact if you are investing in stocks.
That does not mean there are not lots of people who are making money in stocks. The problem is that they are only doing it from time to time. There are few who consistently do it, the rest are just getting short term loans when they hit a winner. Eventually, most investors give back their gains.
The result is that the average investor, whether they are making their own investment decisions or letting someone else do it for them, is earning what the market earns over the long term. Historically, that is about 7% per year.
Who is making all the money?
For the most part, it is the insiders. The people who start the companies that are the basis for the paper the financial industry calls stock certificates. The game is simple; sell the paper to the investing public, make a lot of loot, buy big houses in Florida.
Admittedly, my cynicism is over the top, but you get the idea. The stock market favors a small group of people who know more than the rest of us. For a long time, I have been telling people that to do well in the stock market, you have to do what the insiders do, but I have come to realize that doing this alone is not enough.
My preaching over the past ten years has focused on using market activity to figure out what the smart money is doing, and then do the same thing. One step behind the smart money, but 10 steps ahead of the public, and most anyone with access to stock charts can do well in the market. I made a lot of money trading stocks because I focused on the stock that are behaving abnormally and traded them well using simple technical analysis.
However, there is more to the game of trading stocks than just good analysis. There are good chart readers and well informed insiders that have the same thing in common; they can not make money in the stock market. Their lack of performance shared the same reason.
They don't have their head screwed on straight.
Actually, they do have their mental faculties properly aligned, but they are just not set up properly for stock market trading. From the time we are small children we are taught to avoid pain and seek out pleasure. We can all hear our parents warning us to not touch the stove, but to have a good time when we joined our friends. Our upbringing is destructive to our performance in the market. To be successful, we must learn to be behavioral deviants.
To make my point, I outline the life cycle of a stock, and how the successful trader differs from the minion who has the typical psychological responses to the stock market;
Stage 1 - Accumulation. Stock is quiet, trading sideways and without a lot of volatility. Most everyone ignores the stock because it has no sizzle. Insiders hold large blocks of stock and quietly gear up for the distribution.
Stage 2 - Breakout. Volume jumps up, psychological barriers are broken. Insiders begin to tell their friends of upcoming significant fundamental change. Pros take notice and buy the stock on the coat tails of the well informed. The public ignores it because they have not read about the company in the paper yet. It must be a scam.
Stage 3 - Uptrend. As a larger audience learns of the company and its promise, more buying comes in to the stock and it begins to climb. Pros begin to sell, but slowly. Average investor begins to buy.
Stage 4 - Pullback. The stock has gone up too fast, and some profit taking arrives. The jumpy investor who got the entry timing right but lacks confidence in his or her decision sells the stock with a small profit, and smiles in the mirror. The Pro holds on, Average Investor looks through the newspaper to find justification for ownership of the shares.
Stage 5 - Resumption of the Uptrend. The pull back is short lived, and the stock bounces and continues higher. The wannabe regrets the sell, but provides self counsel on the merit of making a profit, albeit a small one. The Pro might sell a little bit more, but still holds the majority of the original position. The Average Investor is getting excited now, and thinks about what could have been if only he had bought when he first noticed the stock.
Stage 6 - Exhaustion of the Uptrend. The media takes notice, and communicates the company's merits to the masses. The masses buy the stock, and it goes up sharply with strong volume. The Pros sell with enthusiasm. The Average Investor owns it now, and is telling everyone who will listen. The wannabe Pro jumps back on, after all, he was smart enough to buy it when the trend started, so he knows the stock well. Will hope make it go higher?
Stage 7 - Gravity Works. Pro selling begins to weigh on the uptrend, and the stock fails to go higher despite high volumes. The stock starts to go down instead of up, and the Pro is almost sold out. The Average Investor continues to cheer lead, hoping to rally support. The wannabe ignores what the market is telling him, taking a loss is too painful to consider. The company is featured on the cover of a magazine.
Stage 8 - The Second Guess. The stock bounces and starts to go back up. The wannabe Pro averages down while the Average Investor gets back to advising friends of his stock picking acumen. Pros sell their remaining holdings and begin to look for another deal to play, or perhaps start short selling the stock.
Stage 9 - Out of Gas. The bounce is a fake out, and the stock moves lower again. The public own this stock, and they have no more power to buy. The Pro are making money on the short sales now, but are despised by the masses. Calls for short selling to be made illegal are made by the Average Investor, after all, the short sellers are the demons causing the sell off.
Stage 10 - Dead Cat Bounce. The Average Investor and the wannabe Pro have no pain tolerance left, and finally sell for a big loss. The short selling Pros are the only buyers to take the share off their hands, and provide the needed liquidity. The stock bounces, and some short term traders make a quick profit. The Average Investor either swears to never buy a stock again, or tells lively stories over drinks about the one that could have been.
Stage 11 - Post Mortem. Pros have forgot about the stock and are considering carpet samples for their new home in Florida. Average Investor continues to follow the company and buys loads of cheap stock to try and overcome the regrettable loss.
The stock market is mean. You can be a good analyst, but if you can't overcome the psychological traps of trading, you will do what the crowd does. To be successful, you have be one step ahead of the crowd, and trade with unemotional discipline. There are strategies to take advantage of each stage of the market cycle that can be applied just by looking at a stock chart. They just require a bit of knowledge
posted
Here is something, those of you that wish might want to check out... i think you can change the names and have pretty much a review of all the subpenny/penny stock forums. I read, I watch and sometimes comment but always think "just one more quarter" Hope it works.
posted
Sorry about the dead link. I guess my point was simply that you can go back to the HUMT, PYCT,QBID, IVOC, etc threads on here and they run pretty much the same....
A couple of folks are hot about the stock, a couple aren't, lots of folks in between.... a lot of guessing, hoping ...
There is always a Robbie English, a Gator, A Doc for two, A mom of four.....it is just a new day and a different subpenny but all the same. Just put your quarter in the slot and pull the lever...DD is fun to throw out but it doesn't have nearly the meaning we wish it did in the pennys. IVOC had a product and still does, QBID had a station and programs, USXF had armour plating for humvees.......HUMT has real organic fert.......
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posted
All that is true, but subpenny DD should concentrate on the size of the float and the o/s, dilution history, and what the charts suggest is likely to happen. Trying to run something with shares numbering in the billions is like trying to whip a drunk slug into a gallop. It almost never succeeds, and even when it does, a car comes along and squashes it before it gets very far.
You're absolutely right though...it doesn't make the slightest difference what the company makes or does. It could be harvesting the fountain of youth or sitting on a curb begging, and the stock price will do whatever it wants to do with very little connection to the product.
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock.
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quote:Originally posted by HT: Phoenix, I've held 11 million shares for the last three months, and it's gut-wrenching watching my money dissapear. It's admirable that you held the shares through the best of times, but what makes you so sure that it's going there again? Currently we have many times the outstanding shares we did in the past...
HT, if you check the company history you will see a trend of ups and downs. I am certain that this stock will entertain us again and again. :-P Now, it's just a matter of time.
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quote:Originally posted by mad tony: Hey Rob, You never told us about your trip to Chicago...did you?
unless I missed that post
Not much to tell really... It was back in February and the most anoying thing was Chili's did not have southwest egg rolls.
On a serious note... Chris has been keeping up where I left off and there is not much more to tell. There is alot going on behind the scenes and alot of news to come. We will all be pleasently surprised for hanging in there long and strong. Just think of it this way... if you thought the last run was anything, you have not seen anything yet!!
posted
I see some are still keeping the faith. I just got back to London today. I was at my house in Negril, Jamaica enjoying some sun and avoiding the hurricanes. Let's hope that Bob can do something from this level.
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