Manic Money - $100 Plays

[Scragapenny]

Allow me to admit defeat or at least a forced-strategy adjustment on HNSS.

First of all, I really thought it would remain a little-explored gem like SHMN and SUF. Unfortunately, it has become a den of "The Man is Keeping This Downers" and that means it's probably not going to see any predictable trending. Once the claims of NSS and other idiotic scams (FLD anyone?) get going it's best to profit and exit. Well, in my mind it is anyway.

I'd rather flip on 10% swings than hold for a one-time 100% gain. Remember, if you flip and re-invest where you net just 1% on each flip you'll make more money than you will on being long at a low-ish entry point. It's harder to flip though. This is why I tend to flip half and hold freebies for wider flips.

Stocks I'm researching for mini-plays:

AVTI (Thanks for the suggestion), GRBG (only because I want my money back), CNEX, GELV, YHGG

I'm starting to really lean toward the idea of food producers as a good sinoidal play. Mining stocks are long-period turners and turn very fast. Energy and supporting stocks are always going to be high on my list as are banks. My lord have you been watching C?

Anyway... Just an update on what's going on here in small play land. Have a great weekend and try not to let the losses outsize the gains.

[Scragapenny]

SUF! Down HUGE on failed contract sales. I'm back in (@.23) for what I can afford from my play money accounts. It's a bit of a risky entry point as this could still drop given it's trading like it's being diluted. Historically though this has been an excellent flipper for me.

The swings in pps are stabilizing a bit so I think we'll start to see a return to the oscilation trend that has been so prevalent here. Watching for now and will flip out at anywhere that is profitable for me.

[Scragapenny]

Good possibility; thanks.

[Water Bear]

avti....

[Scragapenny]

I'll look into it. Thanks for the heads up.

Sorry if you missed me folks; I've been busier than a one-legged ass at a man-kicking contest.

So... the NSS, MM games, and other silly talk has started on the HNNS board. Frankly, I'm suprised it took this long.

Here's a response I wrote (broken English and all) to the assinine attempt to coreograph some sort of FLD on HNSS.

I hope you would thump me if I ever pretended to know everything, but I can tell a purple cow when I see one. For those of you thinking I mean "Red Herring", I don't. Literature; it's your friend.

Seriously, given what's going on with other FLDs on iHub I would suggest you refrain from trying the same failed and illegal group price manipulation as those. Like it or not, MMs play by different rules than Joe Traders. Trying to beat them at their own game and even hinting that there is some dastardly plot to short every security to death is naive at best and negligent at worst. HNSS is seeing 10%+ swings within a day's trading almost every day. If you aren't taking profits and making money in that wild a swing I really would caution you to at least try to do so.

No matter what the company says in any PR or any other pie-in-the-sky rumors you hear, NO ONE can tell you definitively what a stock's pps will be in a specific point in the future. We can make educated guesses and be dang close or pin-point right on occaision. However, every single time this NSS and shorty nonsense gets louder and prouder I just flip faster and faster. You hear some one claim that they are going to slap the ask to keep it up and I hear a cash register go off. I probably just made 5% off of someone trying to catalyze the "Big One To THHHHEEEE MOOON!" with a $50 order with 2 minutes to go in trading.

[StkMktPirate]

WRIT looks like a good $100 play

[Scragapenny]

SUF! SUF! SUF!

I am kicking myself in the jimmyjunk for getting 100% out of this some weeks ago. Up 98% on the week. Looks like I'll be wiping pie off of my face over this one for a while. booger.

[Scragapenny]

Sonofacracker!

I just got a settlement block from my broker. I can't sell my HNSS until it after the clearing date. Oh well. Looks like Tuesday is the day. Let's keep that pps up until then! Hey, maybe that will turn out to be a good thing.

One could do worse than be swinger of birches.

[Scragapenny]

Day's plays:

As I admitted yesterday, all of my peeny play moey is locked up since I've made some really boneheaded decisions. Therefore I'm playing a bit more conservative right now so I've got to discipline myself into taking profits earlier than I otherwise would.

My EPGL play is still set to sell at .0007, but I can drop it to .0006 and still profit since I'm in at .0005. Granted, .0006 typically will jump to .0007 but time may be against me if I find something I want to jump in quickly. Right now though, it's not an issue since EPGL is at .0003 with some peeking 4s right now.

HNSS I've split. 7000 set to sell at .022 because I see a chance of it jumping today and into next week. The remainder I'll either let ride or use as stop-loss if it goes down and stays down. Given the buzz increase about it though and the way the chart is non-commital at the moment I'm hoping for a run. Crapshoot. However, I can see it hitting .04 based on the low float alone.

[rubber duck]

I don't think you'll regret your position in HNSS, the extra jalepenos on the other hand.....

[Scragapenny]

In the interest of full-disclosure, here are my pinky positions as they sit at the moment:

G0475047 G0475037 2010-10-21 11:24:07 Live Sell 14313 0 HNSS Stock Limit 0.0204 Day cancel / modify
G0473162 G0471228 2010-10-19 20:40:12 Live Sell 223680 0 EPGL Stock Limit 0.0007 GTC cancel / modify
G0434771 G0425150 2010-09-02 09:37:09 Live Sell 195000 0 MMTE Stock Limit 0.0015


MMTE trading is still halted by my broker and that order was set in September. While it is trading through other brokers I am stuck.

I'm in these at:

MMTE: .001
EPGL: .0005
HNSS: .0102

This has been what I'm reduced to based on some really poor decisions. My robot-trading desire is far weaker than my emotional need to get in and out. Let's face it, $100 plays aren't meant to sit. If I wanted them to sit I'd buy something that pays a divvy.

Oh yeah; I was totally a silly chaser on HNSS. My gut said go for it and I did. Now I'm off to buy a Subway sandwich with extra pickles and jalapenos. My gut will probably regret that later. Hopefully that's my only regret.

[Scragapenny]

HNSS - OK, so there was no movement on SHMN today and I hate going into the weekend with hanging funds so I did a little ask slapping on HNSS at .0102 for 14313 shares. My flip exit is .01503, but if it spikes going into Friday I may set my sell at .0204 for a double play. The buzz is definitely there.

[Scragapenny]

AWYI - Before I admit to being a bit irked that this is in the .0005s now I have to remind myself I got out with 40% gains (after trade fees) and that's a good thing.

Remember, when you flip a table it becomes a floor. Were I to try and get back in now it would be with a smaller position (based on re-investment rules) and would require a greater gain in price.

I will be content in my gains and keep an eye on it for future enntry points. It would have to be a new position rather than re-investment and well, I just don't have the funds to start that here. Plus, I would have to kick myself for being a silly chaser.

[Scragapenny]

Thanks. I hope to learn from you along the way.

[Buzz_stocks]

Hey saw your post on HNSS and found this - nice concept - put this on my bookmark :D

[Scragapenny]

So I adjusted my bid on SHMN to match the current bid of .042. This is really me falling victim to my desire to "get in" rather than any sound technical reading. I'll still likely flip out 1000 shares at .05, but we'll see. Good news doesn't seem to move this pps in a positive direction and it has stagnated between 4 and 5 for a while.

I am really really tempted to skip it and jump into GTGP which is much more volatile right now. Liquidity tends to make a quicker play. It just looks like I'd have to chase to get in and we all know how that works out for me :)

[Scragapenny]

SHMN needs more volume to tick up and stay. If I'm wrong it'll show pretty quickly though.



Support at 4s; resistence at 5s.

[Scragapenny]

EIGH - See the volatility at work? The bid/ask have started to come together at .065/.068. This becomes a less-likely money-maker at the pricing levels I set for myself. Plus, were I to try and flip between the two there are no indicators on the charts that suggest the current small gap will remain stable. It would be a trade and pray. Not a good move for me.

[Scragapenny]

SHMN - Ok, so I've flipped out of AWYI (finally) and rather than re-investing in AWYI I am jumping that $150 into SHMN. It is at bid/ask of .04/.05 with news of projected earnings of record levels. If I get in at .04 I will ride the majority for a while, but will flip out about 1000 shares at .05. That won't return my total initial investment, but it will give me some positive return that I can either hold or re-invest in small flips.

[Scragapenny]

EIGH - Honestly, I will not play this one. The risk of collapse is absolutely too high for me to stomach. However...

This has a decent gap between the bid and ask (currently at .0065/.07) which could make it lucrative for a day trading quick flip.

The chance of making money on this long-term is too risky in my opinion. The more-likely outcome is significant loss. Even moreso than typical pinksheet stocks.

[Scragapenny]

Some of my absolute failures.

We all faceplant on our strategies. Most of my biggest faceplants have been when I chase a stock up and buy on potential (read emotional desire) rather than technical strategy.

Most-recent: PYBX in at .006, out for a staggering loss at .0016.

SNRS: in at .0004 out at .0001
TCLIF: in at .0003 out at .0002
MMTE: in at .001 and currently stuck as my broker halted trading over a month ago
ICOA: in at .0005 (many months ago) and out at .0002 right before trading was halted. I understand it is doing fairly well now.

SUF: in at .44 and out at .37. Now, that is misleading as I sold to get out of a higher-priced brokerage firm. SUF was a good flipper after that.

[Scragapenny]

AWYI - Frustratingly still in this flipper. In at .0002 and have ahd a sell for flip order in for a few days at .0003. The volume has been low, and indicators show that a downtrend to .0002 will preceed any real uptrend. I'll sit at .0003 on my sell until it flips out. Hey, it's $40 net I did not have before :)

[Scragapenny]

EPGL - Flipper strategy, buy and hold strat, and public interest involvement

First, EPGL has released a scripted Q&A with the CEO, Joseph M. Valenzano Jr. You can watch the entire video here:

http://www.youtube.com/v/xNbl7E433wo or http://www.eparent.com/

I have conflicting thoughts on this Q&A.

1. The timing is good since it is three weeks out from the highly touted (I've hyped it myself) November 19, 2010, World Congress on Disabilities. This can help build hype, and it also gives time for the fundamentals to set the price leading into increased demand.
2. The scripted nature of the Q&A really seems to fit the typical pinksheets pump up into dilution. From the 8 to 9 minute marks Mr. Valenzano discusses how the MPDD device helped him be "Cured: of chronic back pain. If this is not national news I am curious as to why.

So, what does this mean for my play here? It means little. I know full well that I jumped into this at it's peak of .0005 when I saw strong buy signals on the chart. I now think I misread the chart indicators at the time (see linked chart below) and should've shortened the indicators from my typical 50/100 SMA tracks to 30/5 to see short term trends. Ultimately, it means I have two options.

One, I can try to flip out at a loss at 3 so that I can buy back in with a larger position at 2. Two (and the more-likely of my choices) I can ride what I have and wait for this to trend back up to 5 or 6.

If you want to get in on this play my entry point for a new play is .0002. Your flip point is .0003 with a good potnetial to hit 4s on the run up to the conference.

Granted, right now I'm losing 40% on this with my initial jump in. I have tied up my full $100 on that entry point so I have to sell and re-invest to jump back in. I'm not comfortable doing that. If I sell out now, those funds will simply sit. My better play now is to wait it out and see if this will rise.

While I would love to see this skyrocket to a five or ten bagger, I simply don't see it happening until solid earnings news and number come out. Even then, there needs to be interest by the investing public. Heck, it would be downright naive of me to think this will hit a dime just because my heart wants it to do so.

[Scragapenny]

Check out the iBox for an explanation of to $100 play trading technique.

[Scragapenny]

SHMN - One of my favorite flippers.



Check out the wavelength on the whipsawing of the SMAs. You see a period of steady ups and downs on what seems to be boredom. By that I mean that this moves downward on little to no volume; holds, and then moves up on small grabs which boost volume.

Based on my rules of trading I am about to jump back into this with $150 at the .04-.042 level and will look to flip or take profits at .05. Note that this is below my max jump in (see iBox), but it is all the freed up funds I have from my initial play in this stock. I'm not adding more to my trading account to play here; I'm just using profits I have available from flipping this stock.

As of now I have no shares in this stock, if I can max out on .042 (accounting for two trade fees of $5 each buy/sell) then I will have 3333 shares for an avereage pps of .045005. Any sale above that is profit and either re-investable or excised and thrown in a tax account.

As a buddy of mine says, "Keep on truckin'"...

[Scragapenny]

Well AWYI is hovering on low trading but it's still in flipper range. I'm set to flip out at 3s for a small gain, but small gains are better than big losses.

[Scragapenny]

Thanks. Next time I'll bring donuts :)

[Stockdoc]

Just popped in to say hi and good luck. Hope your board is a success. I'll be stopping by from time to time.

[Scragapenny]

I changed my mind. AWYI - buying in at .0002.

[Scragapenny]

Well welcome. It's just me in here so far and there may never be another poster here, but at least I can talk to myself.

Btw, I'm set for $100 - SUF at .42

While it's been a great flipper from .33 - .42 the news Thurs has risen the pps a bit. This is a dangerous entry point because my out will be .56 and it has not reached those levels since Moses was a baby.