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Author Topic: I sure know how to pick 'em
Machiavelli
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quote:
Originally posted by Jo4321:
Bad decision to sell GME, I see.

No, it was not a bad decision to sell GME... you have to stop looking at 1 day up prices and look at the big picture... step back and just look at it's chart... especially RSI... it went down in afterhours and it's at the RSI 50... i expect it to bounce down tomorrow... though I could be wrong but seldom am lately... it's not how much you gain in one day but overall in how long you hold this stock... most likely with today's surge you would of held it and not taken your profits... and tomorrow if I am correct and bounces down you would of given your profits back to the Market...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Jo4321
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Ah, no, that wasn't one day up since I sold. I sold at $41.67. It has gone up ever since. Now nearly $7.00 more in pre-market.

I had 300 shares. That's $2,100. Instead I took a loss.

Jo

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Jo4321
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With things seeming to be going from bad to worse tommorrow. I need to get out of the market (yes, I shoulda done it long time ago).

Please don't berate me, folks. Don't tell me all I've done wrong. Just give me your advice on the following:

Is it best to just put in market orders at the open, or to wait a bit for a slight recovery? I'm pretty sure most of my stocks will be gapping down tommmorrow, so I'm not sure if selling at the open is the way to go.

I hate to be one of the lemmings selling into the panic, but I just can't afford to lose any more.

Sadly,

Jo

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"Great Day for Up!"....Dr. Seuss

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T e x
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too broad a question, Jo. No berating, here, dear...

but generally, market orders rarely turn out well.

If you're gonna be a trader, you gotta realize there's gonna be periods like this. If it's taking you underwater, best be thinking more along the lines of how to rebuild the warchest, once you come up for air.

Personally? am thinking may be a good time to buy, at some nice lows...

but, hey? My risk is not your risk...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Jo4321
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Well, I bought more at "lows" in the past few months, which of course, turned out not to be lows. I have to get out for a while, and as you say, come up for air.

Then I can work on rebuilding. I don't have much capital left to do it, though.

I think I will wait and not do the market orders at the open. Problem is I'm at work when the market opens, so it's gonna be hard to find a good time to pull the trigger. Maybe I'll just ride it out until Tuesday and see what the fed does.

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"Great Day for Up!"....Dr. Seuss

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T e x
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roger, that, Jo...

I guess all i can add is always protect capital.

ya, Fed report may well be "very handy."

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Jo4321
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Wow, there goes another year's salary in losses for me ....in one frigging morning.

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"Great Day for Up!"....Dr. Seuss

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PCola77
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Are you talking about your IRA, or personal trading account?

Hopefully you have enough time before retirement to get most of it back...

What were your big losers today? The Dow's down less than 1%, so even though the sentiment seems pretty bad out tehre, the market itself isn't "awful" per se.

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Jo4321
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I'm counting all three: My trading account, and both mine and hubby's IRA. (well, and I only work part-time, so I don't make all that much in a year)

Biggest losers: BSC, FRPT, NFP, NGAS, RJF, FTEK, IDMI, VM, COT

I sold off RJF and IDMI at the open (and of course got the lowest prices) The others I'm holding til tommorrow to see if the fed will give them a little bounce.

I had a terrible week last week, where I lost my sister, so I guess to put it in perspective...it's only money. But still you'd think I'd catch a break sometime.

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"Great Day for Up!"....Dr. Seuss

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PCola77
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You're due for some good luck soon Jo. Maybe you'll hit the powerball this week or something...

Sorry to hear about your sister.

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Jo4321
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I did win $50.00 at the track last Friday [Smile]

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"Great Day for Up!"....Dr. Seuss

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PCola77
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Well I know you said you don't make much, but I assume that didn't quite cover the losses. [Smile]
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Jo4321
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Nope, not quite. And pretty much spent the $50.00 on food while we were there.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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quote:
I sold off RJF and IDMI at the open (and of course got the lowest prices)
Once again a bad choice, RJF up 7%.

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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It was good to wait til today to sell off, though I still sold 'em too early.

NFP out at $18.42 (closed $18.93 DARNIT!)
NGAS out at $5.20 (closed $5.199)
TRYB out at $7.50 (closed $7.68
VM out at 2.30 (closed $2.32)
BSC out at 6.08 (closed $5.91)
All the above were losses. I had only two that realized gains:
FTEK out at $17.25 (closed $18.86 DARNIT!)
SWC out at $18.20 (closed $18.04)

But now, I'm almost completely out of the market. I still hold small positions in FRPT, ONT, and COT. I'm also short CFC.

Now, I'll be able to take a few days to take a breather and try to figure out what to do next to try and recoup some of these losses.

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Jo4321
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Well, there I go again. Out of BSC at 6.08, it's at over 9.00 in premarket.

You guys really need to play the opposite of what I do.

Jo

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Machiavelli
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quote:
Originally posted by Jo4321:
Well, there I go again. Out of BSC at 6.08, it's at over 9.00 in premarket.

You guys really need to play the opposite of what I do.

Jo

*Pinches her nose* This stock will collapse again because for now everyone is just riding the trend... once JP Morgan has won the battle or war all the smart traders will dump the stock... and the greedy ones will keep holding it "hoping" it will go back up... you would of been one of those peeps Jo so your better off not being in this one... continue getting into cash then we discuss how to get your profits back... I haven't traded stocks lately because of my internet connection... but i am itching to get in... this week I will probably be getting a new internet connection and depositing more money into my brokerage account from a mini lawsuit i won...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Jo4321
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Sorry, I was out when my COT shares sold at $2.17 or I would've alerted you guys. (now $2.28)

But I actually had profit on that one. Now just three more positions to close.

Jo

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Jo4321
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Watching GME makes me cry.

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"Great Day for Up!"....Dr. Seuss

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Machiavelli
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quote:
Originally posted by Jo4321:
Watching GME makes me cry.

You should rebought it when it crossed above the RSI 50 line. Btw the 20 MA is about to cross over the other 2 MA's. Anyways the way i see it, it will do a pull back now so you might still consider going back in this one as long as it DOESN'T GO BELOW THE 50 LINE!! . [Wall Bang]

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Jo4321
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Did anyone buy COT after I mentioned I sold it here?

Hope so, since it's up over 50% my "alert" above.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Here's another alert for ya. I closed my QTWW position at 1.12 (10% profit).

Do with that what you will. Jes' saying....

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Somebody PLEASE tell me they bought QTWW when I sold and made a quick 10%....

Jo

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"Great Day for Up!"....Dr. Seuss

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quote:
Originally posted by Jo4321:
Somebody PLEASE tell me they bought QTWW when I sold and made a quick 10%....

Jo

I was going to...BUT [Wall Bang]


I forgot!!!!!!!

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Jo4321
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Hmmm, it may be too late for this one, but I just noticed that my GTC sell order for $17.05 on SWC went through earlier today.

The good news is that on those last two, I did indeed have profit! But if anyone wants to test the "jo effect" theory....go for it. [Smile]

Jo

GME is up nearly $15.00 since I sold it. when do you all think it will be a good short?

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quote:
Originally posted by Jo4321:

GME is up nearly $15.00 since I sold it. when do you all think it will be a good short?

IMO around 60-63...but don't try to take revenge on it LMAO!!
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Jo4321
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Anyone get in SWC on my sell?

Up .60 or so since then.

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Jo4321
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Out of DRCO at 10.46.

But I don't know if you can totally trust the Jo effect anymore. Yesterday, I sold FMD for $7.99 (and a profit-yippee!) and today it dropped over 36%.

Jo

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BooDog
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Awesome Jo!


oops, i responded... get ready for it to double!! LMAO

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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Jo Effect alert:

I sold CFC at $4.80 yesterday and
IMB at $4.20 today

Somebody throw a few bucks at those just for shiggles. (well, CFC is already up .20 since my sell)

Here are Jo Effect plays from last month or so. If you'd have bought when I sold the following, here's how it would look:

(I'm only using the ones that I actually posted here in this thread.)

NFP out at $18.42 (now $26.37) +43.16%
NGAS out at $5.20 (now $6.29) +20.96%
TRYB out at $7.50 (now $7.14)-4.80%
VM out at 2.30 (now $2.19) -4.78&
BSC out at 6.08 (now 10.05) +65.30%
FTEK out at $17.25 (now $23.40) +35.65%
SWC out at $18.20 (now $18.64) +2.42%
QTWW out at $1.14 (now $1.24) +10.71%
DRCO out at $10.46 (now $10.20)-2.49%
RJF out at $19.30 (now $22.92)+18.76%
IDMI out at $2.20 (now $2.20)even
COT out at $2.17 (now $3.15) +45.16

Average Jo effect percentage: 21%

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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I didn't add FMD to that list because I only meantioned it in this thread a day after I sold it and that was after the big drop.

But if I HAD mentioned it the day I sold and you bought it at my $7.99 sell you'd be down about 49% on that one, but even adding that one in, you'd still be up 15% by doing the opposite of what I do.

Jo

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"Great Day for Up!"....Dr. Seuss

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BooDog
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Added FMD to my watch list on the 15th.. MAN i coulda. I thought it would retrace. Still watching it.

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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OMG CFC up over $1.00 since my sell (21+%)

Just once I'd like to be on the winning side of a big move like that. Instead I took at 2K loss.

[Wall Bang]

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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GME....Keeping an eye on it, it's getting up there. Maybe revenge will be sweet. [Smile]

quote:
Originally posted by Jo4321:

GME is up nearly $15.00 since I sold it. when do you all think it will be a good short?


quote:
$tock Weazel
posted April 04, 2008 18:52
IMO around 60-63...but don't try to take revenge on it LMAO!!



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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Update, here's how you'd be doing now if you bought when I sold.

NFP out at $18.42 (now $27.01) +46.63%
NGAS out at $5.20 (now $6.29) +27.50%
TRYB out at $7.50 (now $7.14)-5.20%
VM out at 2.30 (now $4.74) +108.26%
BSC out at 6.08 (now 10.05) +78.29%
FTEK out at $17.25 (now $23.40) +46.72%
SWC out at $18.20 (now $18.64) -24.95%
QTWW out at $1.14 (now $1.32) +15.79%
DRCO out at $10.46 (now $10.20)-2.49%
RJF out at $19.30 (now $22.92)+50.78%
IDMI out at $2.20 (now $2.08) -5.45%
COT out at $2.17 (now $2.97 ) +36.87


Average Jo effect percentage: 31.06%

--------------------
"Great Day for Up!"....Dr. Seuss

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