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Wize, Do you see a chance for a pullback with EGMI at some point. Seems like it might be possible with the big run up.
Thanks,
game7
Hea Doc, Wize pointed me toward EGMI. I just listened to the archived conference call and read some PR's. It's had a great run but seems like they can run further. I also got in LTHU but not when I would have liked to. I have a lot of recovering to do from GTEM. I am up well with EMC also though.
Wize, Thanks for the detailed response. I am going to spend some time looking at it. I was going to get into LTHU at .05 but was leary because of what GTEM has done. Thanks also for the EGMI tip and I look forward to reading your board.
WT, prompting your discussion on LTHU as you stated on the GTEM Board that you disagree with my take on it. What is your current feeling about it. Sure does look technically good to me. docS
http://stockcharts.com/charts/gallery.html?LTHU
my answers:)
I see you think trading stocks will make you a billionaire, thats kinda foolish, but your young so I can understand your niativity, this stock, ain't gonna make you one. Ok so now for the questions.
Ah see my profile should reflect who I am! ie, my sense of humour--all tongue-in-cheek humour! Google my stated address for example and it will lead you to (1001 Queen St West, Toronto) CAMH (Centre for Addiction and Mental Health--a jab at those--self included;)--addicted to "gambling" on stocks. also where I found out about CAMH the stock!) You see how I bill myself as the "resident therapist?" Once again, I've noticed many ppl on ihub don't realize I'm being funny...I love that cartoon/show Dr. Katz.... The billionaire schtick is more humour. I'm Canadian--aren't we known for our humour?
What is your objective when it comes to trading? Do you want to get rich overnight, or do you want to learn what a good trade is as opposed to a bad trade? Do you want to daytrade or pick a stock that has long term potential to make you money
I want to learn, to understand the potential to make a career out of trading, to help others with my (eventual) knowledge and skills, to have fun and generally avoid working for anyone else! I certainly have had my share of bad trades (hello to pinkie world which I'm saying goodbye to! once aurc is finished, i'm finished with fake pumpish companies. I have learnt my impatience has cost me money--being short-sighted (ie taking 10% loss or profit, entering too soon, not paying close attention to t/a)--and that sometimes going long is the best and easiest way to grow portfolio; I'm learning that daytrading is pointless without t/a--in fact t/a is my new religion and i'm intent on learning every aspect of it! that being said, the simpler i keep it the happier i am! So in theory I want to daytrade to satisfy my temperament but in practise I know long term always pays the most (Buffet has money for a reason.) If learning to become a really smart trader costs me $30,000 (i'll be honest--i have lost some money on some trades) so I can gain $500,000 (per year?;) then I consider that the price for entry into what appears to be one of the best careers going. When have I/do I lose money? Whenever I pay more attention to emotional crap found on message boards than a simple chart. (The main reason--other than that "cult" stock aurc--I refuse to post or read posts on any other board than ones devoted to t/a.) You have much experience I can see--thus I learn from lowtrade (I saw his wisdom only about 9 months ago and began to practise it only 4 months ago) and others like yourself.
I haven't had a chance to read over your old posts; once again, it was a new member (soulaw) who pm'd me re:Biom. Otherwise, hadn't seen your board before (posting and trading on ihub is something i'm not good at. the less distraction the better. stockcharts.com--so far--works for me.)
So--yes I'm a newish investor/trader--I'm here to learn and hopefully help others make some money with me.
OK Designer, I'll bite, and give you a chance. I see you are very young, so I will allow a lil more patience with you.
Yes tbc.to had a nice jump on Friday, but one day does not make a trend change, the weekly and monthly charts still look like crap, the daily doesn't excite me either. So let me ask you a few questions before I spend my time getting deeply involved.
I see you think trading stocks will make you a billionaire, thats kinda foolish, but your young so I can understand your niativity, this stock, ain't gonna make you one. Ok so now for the questions.
What is your objective when it comes to trading? Do you want to get rich overnight, or do you want to learn what a good trade is as opposed to a bad trade? Do you want to daytrade or pick a stock that has long term potential to make you money.
Let me make a suggestion to you, soulaw, took the time and effort to read all the previous post on this board, and he has, from what I have seen, learned. And he has all my respect. If you can make the same commitment, than I will give you my full attention. Untill than, I'm not so sure.
Ur just a kid, but I would love to respect you.
If you can't put the dedication in, than I can't either.
I really hope you will!
UPDA, QTWW could be another classic:
UBET an example of a stock i'm watching for bottom: once again, zero position but I like these huge drops (CAMH for example last Monday with a decent "bounce" recovery--will UBET bounce or flatline for a few weeks? But I-bet-U we shall make money from ubet someday!)
SAFT my example of a boring but solid up trend:
i'd buy here
BEN.TO another example of my bottom fishing:
once again, I would wait for .63 but it's still amusing to "predict" what will happen next.
look@TBC.TO
fundi's may suck but 5/10/20 set up don't you think?
(re: BIOM--that's just a guess and i admit the close@.88 and chart look like downtrend could keep going--I'm certainly not touching biom until I see a real turnaround. And no, I'm not a pumper in fact I spend much time on another board trying to present the truth (as I see it which leads to people--on aurc board--accusing me of being a basher!) I am here and on t/a board to learn, to avoid messy charts and look for simple 5/10/20's. (In fact what am i doing right now? scanning for that setup so far think Tembec TBC.TO on TSX looks classic--could see .70 maybe .85 what's your take?)
I posted in response to someone who PM'd me (free member so I couldn't PM back--someone wondered why I'd stated BIOM on "bottom alert" meaning--from my POV, that i'm watching it but not touching it!)
Here's tembec what you think?
Design...
I understand that you think this could possibly be a double bottom (I'm assuming it's just your ignorance showing). I learned along time ago that trying to predict chart patterns usually leads to loss of money. Thats why we dont talk much about patterns here unless the pattern has been confirmed. This pattern is far from being confirmed.
Confirmation of a pattern works much better than predicting one. I'm kinda curious, are you here to learn, or just pump. My feeling is your just pumping since you ignored responses to your previous post.
I'm pretty good with intuition, so unles you can prove to me you are not just a pure pumper, than go away, you are not welcome here and all your post will be deleted from here on out! This board is for people that actually want to learn, pump your crap on other boards. Because you are obviously so wrong about this double bottom theory.
Hey Game7, and Welcome to the board. Now granted I know nothing about LTHU other than what the chart is telling me so I will give you a brief explanation as to my trading style since you are new.
For the most part, I don't even look at the company until I look at the chart, If the chart is in an uptrend than I will dig a lil further into the company, and if it's not I will not consider any further time devoted to it.
Now for LTHU, had I run across this with one of my scans, I would have just kept moving on after looking at the chart. The chart right now is in a very weak condition, I see .09 happening much more easily than .15, which is a strong resistance level. I have annotated a chart for you that will explain my reasoning.
DocS stated he thinks .09 cent rise will happen, the charts say the opposite. The chart is starting a fresh down trend on the daily time frame, the weekly and mothly time frames are also weakening, so I would expect, a lower pps is much more likely than a higher pps. On this site, we try to find stocks that are trending up, this reduces the chances of a loss greatly.
Heres the chart, and if there is anything you dont understand, please feel free to ask.
BTW...I enjoy your post on gtem, I rarely post, but always read. I have alot of personal friends on this site, so I don't take this place lightly, or my recommendations, But if you read some post here you will see that I have been touting EGMI here. I have spent many hours of DD on this company, and many of my friends have gotten into it. I want my friends to stay friends, so I am very comfortable recommending EGMI as a replacement for LTHU to you. And DocS, the same thing goes for you. I just wish GTEM would have turned out better, alot of good people lost money they shouldn't have.
Wize, I'm here because you invited Doc S here to discuss LTHU. I'm interested in your thoughts.
You said what had to be said.
Wont make a bit off difference though.
Trouble is I found out as many others did (and you I know)long ago that logic goes out of the window over there.
Its got worse with personal attacks.
Bit of Lions Den aint it?
But people are hurting and a bit scared too maybe.
Its a bit like the Monty Python 'argument' sketch.
(oh sorry this is 'abuse' 'argument' is next door)
There must be a name for the 'syndrome'.
Maybe we can think one up?!!!LOL
There maybe something good come out of it yet.
Cant PM this Wize I am afraid so thats about all I can say.
Why do we feel compelled to keep keeping an eye on it? Another syndrome maybe? LOL GLTY
And we thought we were cured!
Transat....
I've probably opened my mouth too much tonight, might need ur help! I'll explain privately.
GTEM, has been the perfect lesson as to why no one should fall in love with a stock, unfortunatey, most didn't listen... but I think you did!
And thanks for your explaination as to why! I just might use this post at a future time, and yours of course!
double bottom on BIOM i think it moves next week
it could be a huge winner next year--i'm putting it in my 2008 stock picking pool:)
Wow...what a complete train wreck!! Oh well, I haven't had $$ in there for a LONG time. But I did always have a soft spot for them. And I learned so much along the way...
Let's all move on. Real companies. Real products. Real profits. That's what we're all about now.
Will
""Are you watching gtem this am? Not good.""
But yet not unexpected!!
Are you watching gtem this am? Not good.
Wize, I have no idea what was to be loaded in the 48-ft trailer Jones ordered, but he sounded frantic. I didn't know then that he had not been there for two months. I just happened in on him sneaking back! He wasn't that nice, sweet Bob Jones that we had met before. When he found out that we weren't his truck, he had two security guards come out and make sure that we left the area. We have to assume that some LARGE equipment was being removed. I think we were fooled by Bob Jones and the "dirty rotten scoundrels" and their scam. We are on the same page, Wize, but I'm still learning TA! Keep all that good info coming this way, Deadbeat. I'm here and listening. ShopGirl
Looks like the final chapter for GTEM has been written.
Wells Notice received on the 5th Oct - but it took a former employee psoting on the 11th to even get them to admit receipt this morning.
A salutory lesson in just how 'faithful' the faithful can actually remain for so long.
And one of the most respected posters there actually bought more the other day!
Best stick to logic, 5/10/20 and not dreams!
thanks yes i'm aware of the 5/10/20 that's my signal i use--nice and simple with a few other indicators. i was merely speculating (psychic vision? lol) selling could be over. My "thinking outloud" has got me in trouble before, but that's just my style. I don't own any BIOM...yet: on watch.
on $1 dollar zone stocks like BIOM, i'm just looking for a quick 5-10% flip
Hi Designerport-
Hopefully this helps a bit...
Regarding the use of T/A which the 5/10/20 signal is considered to be... The best way to buy at the correct time is with trend lines. I prefer to use trend lines on 1 and/or 2 year weekly charts. If a stock has been in a long downward trend for several months and then finally breaks the trendline in one week where it opens and closes above the trendline then it's a very safe bet that the bottom has been made. You'll never catch the bottom this way but are less likely to ever be caught buying thinking the bottom is in and then the stock drops quickly below your buyin and keeps dropping along the same trendline. Always wait for a reversal confirmation signal which the example above usually is with probably 96% accuracy... The only thing is you need to follow it carefull because it might still be short lived 1-2 weeks, 1-2 months or may last for several months in a row.
RE: BIOM--just a hunch i might be wrong
i'm not super expert@t/a just learning to pick bottoms. my record isn't superb--maybe 7/10 make money but the key is i'm learning, gaining confidence in this gambling game.
someone else posted a better BIOM chart on t/a board showing mixed signals--possibly down. I don't own all of the stocks I post about, but prefer to post them anyway to either help others make some money or get other's opinions; I learn through experience not through theories. I goofed on DESC for example: bought some@.70 thinking bottom was in but maybe it's not?
However, you made me realize for the first time that other people follow my tips--never realized nor wanted to be responsible for other people's green or red portfolios!
I'm with ya! One good PR with upward guidance and watch out!
Could be fun.
Will
I hate to get ahead of myself, but I'm with you on that one!
I remeber buying my first shares of AKAMAI around a dollar, and thinking I did so well selling around $4. What a mistake that was!
EGMI has its own shelf in my closet - and I'll keep filling that shelf whenever it looks good to do so!
-Will
Shopgirl, as for LSTR, I refer you to what Deadb4 whatever, said, he pretty much hit it on the head. Oh that was b440 said.
Shopgirl, not exactly sure what you are trying to hint at with this post? But are you saying the strat has been gone since november last year?
With the recent events, I really tend to believe you, so that means Sands recent accusations are completely bogus. Your thoughts would be greatly appreciated.
Personally I feel Murch left along time ago, your post pretty much confirms that. Are we on the same page?
Villas I realize you could have waited a bit longer, but my honest feelings from all my DD, say's you made the right decision, just listen when it comes time to sell!
Always remember GTEM!
Looks to me like you have it right on. This is a shelf one for me unless it takes a reverse. If it continues with the plan it will be interesting to see what a few years can produce.
Can't really argue with that, EGMI, Hasn't even released a pr yet, what will happen when they do?
I thought I was a bit optimistic thinking it would hit $1.00 by the end of the year, Now, I think that maybe a bit, well, un-optomistic!
Can you say "Hold", till the trend changes?
Yes I got ur mail! ;-p
Here's an EGMI update....thoughts?
-Will>
Hey guys, and shopgirl, sorry I havn't been around much, but I've got a major project going on and I just haven't had time to be here, hopefully tomorrow night will be better.
The ADPT chart... Just everything looks weak or bearish, atleast in the short term.... Draw your own conclusions.
Poor sentiment, bearish divergence sell signals all over, anything even remotely bullish is very weak....
Are you referring to your PPO parameter? The daily chart looks ugly as ur short term PPO is showing a lower high in comparison to a higher high in September and the price is actually higher this time (negative divergency? or am I dreaming again?). Most of the other daily indicators are pointing down and the 5 dma is pointing down about to cross the 20 dma. The weekly still looks ok but it doesn't appear that it will make a strong move.
Am I interpreting this correctly? Thanks.
Hi Dead! I copied bits and pieces from reading the stockchart support forum, also tried your ppo scan but I must not be using it correctly lol, not getting anything or maybe I am not reading it correctly. Apparently my scan is not working well as ADPT doesn't seem to be going too well, thanks for the heads up. Lots more to learn! :)
Now this chart for KRI may draw some interest!
I believe the $3 range is very doable by the end of this month.
I believe the $3 range is very doable by the end of this month.
Re: LSTR on the weekly chart to me it looks over-rated.
Currently has very little room to progress forward with the 5day sma a ways off from even crossing the 10 day sma.
Other than being in a nearly overbought position the sentiment is weak lending little credibility to a higher and sustainable price at today's level. Dead
BTW the ADPT chart is finished. I have some very strong signals I look at and the chart is done. IMHO Look for a steady decline on this one for a while. Dead
Hi Soulaw. I also wrote a 5/10/20 cross scan and posted it here nearly a year ago. Somewhat less complicated but affective nonetheless.
[type = stock]and[country = canada]and[daily sma(20,daily volume)>40000]and[yesterdays SMA(5,close<yesterdays SMA(10,close)]and[yesterdays SMA(5,close)<yesterdays SMA(20,close)]and[SMA(5,close)>SMA(10,close)]and[SMA(5,close)>SMA(20,close)]
This one here is almost the same but for an almost 20sma cross
so as to catch it before a bigger pop occurs.
[type = stock]and[country = US]and[daily close >= 0.65]and[daily close <=10.00]and[daily sma(20,daily volume)>100000]and[yesterdays SMA(5,close<yesterdays SMA(10,close)]and[yesterdays SMA(5,close)<yesterdays SMA(20,close)]and[SMA(5,close)>SMA(10,close)]and[SMA(5,close)<=SMA(20,close)]
I like that yours is written as a weekly scan because it will show the long term trend and not just the short term as I've written. I'm just a little concerned about the tight parameters as it may exclude some stocks with very good potential if it were just left open like mine. I'll give yours a try tomorrow evening.
Dead
Hi all, here is my scan.
Please let me know if I could better refine this. Currently, it is making sure that the current week's 5/10/20 is greater than the previous week's 5/10/20 and the weekly 5 sma is > than the weekly 10 sma. I also wanted to try and make sure that the 5/10/20 sma are relatively closed to each other (I was hoping that it could catch any up trend that have just started) so I set the sma at +/- 3% of each other, does that make any sense?
Thanks.
[type = stock] and [weekly sma(20,weekly volume) > 100000]and [weekly close >=1.00] and [weekly close <=5.00] and [weekly sma(5,weekly close) >= last week's sma(5,weekly close)]and [weekly sma(10,weekly close) >= last week's sma(10,weekly close)]and [weekly sma(20,weekly close) >= last week's sma(20,weekly close)]and [weekly sma(5,weekly close) >= weekly sma(10,weekly close) * 0.97]and [weekly sma(5,weekly close) <= weekly sma(10,weekly close) * 1.03]and [weekly sma(10,weekly close) >= weekly sma(20,weekly close) * 0.97]
and [weekly sma(10,weekly close) <= weekly sma(20,weekly close) * 1.03]and [weekly sma(5,weekly close) >= weekly sma(10,weekly close)]
Wize, Remember Gtem? I saw where Doug Murch and fellow employees took equipment from the Sanswire hangar. Well, on November 9, I walked in on something with Bob Jones at the Palmdale hangar. I couldn't figure it out at the time and of course people at Ihub didn't believe me. Jones had ordered a 48 ft. trailer, so that was who he was looking for when I showed up in their parking lot. I overheard his voice on a walkie-talkie saying over and over, "Is the truck here?" He sounded very excited. I thought he had a trailer ordered for Edwards, but later I thought he was just "cleaning out his locker!" Just think of what he was stuffing in a 48-ft van!!!! I bet he cleaned out the whole hangar! I have pictures of the girl who worked for him, riding the bike, coming out to talk to us. ShopGirl
Wize, I found a good chart and I think just the way you like it. LSTR. What do you think??? ShopGirl
Hey Wize.
I'd be interested in your scan parameters also.
cheers,
MBL
Soulaw, Nice chart The weekly does look good, and actually the monthly is showing very possible signs of turning around so I wouldn't be to concerned about it at this point. Remember the daily and the weekly need to turn the monthly around.
BTW post whatever you want here, scans are great, I'll post my scan parameters also.
Hi all, what do you guys think? On the weekly, I see that the 20ma is slightly turning up. However, monthly shows downtrend which indicates that one should stay away from it?
I am trying to build a scan, can I post it so that you guys could comment on it or is this not the right place to do so?
Thanks.
Understood, thanks.
Soulaw-
What's your objective?
If you're looking for a short term gain (say a quick 5%), wait until she settles back to the 5 DMA. It'll come back.
If you're looking for a longer term hold, and I think this one will be good for a longer investment horizon, then it doesn't really matter if you get in now or wait a few days for it to settle back. It'll only be the difference of a maybe 40 cents a share or so.
Does that help and make sense?
Will
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