Trader's Wisdom

[Stock]

"LOL that'd be a first, a broker right about a penny stock."

#msg-28420004

=================================

Posted by: CaptainJim
In reply to: CBGB who wrote msg# 38056 Date:4/11/2008 2:09:19 PM
Post #of 38402

He is WRONG !! I already checked with my Broker and he is wrong.

If these are NSS Shorts by MM's , the CUSIP change forces them to clear those positions. of course they can
immediately short the new (s)ymbol but have to clear the old !

------------------------------------------
Posted by: Jim Bishop
In reply to: CaptainJim who wrote msg# 38074 Date:4/11/2008 2:29:13 PM
Post #of 38402

LOL that'd be a first, a broker right about a penny stock.

[Mariner*]

Never blame someone else if you don't increase the money you already have.

[DMiddleman]

Never blame someone else if you lose your own money. eom

[DMiddleman]

If you can control your emotions, you can control the market.

[supervalue]

VSUS .......... bounce to 40 cents possible

[golfguyyy]

Hi guys, nice bd.! NEVER be ashamed to TAKE THE MONEY, or at LEAST take a portion of a ncie profit. I typically sell 1/3 or 1/2 then decide as I go as to selling the rest when the STOC and MACD are maxed out. Chat soon, Regards, Golf

[DMiddleman]

Why this month? eom

[same53]

Your Welcone and

I can tell you that I have watched INSQ over a year. They do have their act togeather. Sept is going to be a BIG NEWS MONTH.
************************************************************
That's a great resource - thanks for posting.....

[DMiddleman]

Some people buy within an hour of the close so that the next morning they reap what was lost on the following day.

[DMiddleman]

The two worst trading mistakes, thanks BillTheThrill

#2) Panic selling
#1) Chasing a stock up

[DMiddleman]

www.sharpcharts.com - Great site for quick TA Charts - put it in your favorites.

[DMiddleman]

That's a great resource - thanks for posting.....

[same53]

Heres a good site as far as American Bulls

It is a day late and not accurate IMO.


http://www.investopedia.com/articles/basics/

[jcrom56]

One of my favorites:

"If you don't know where you're going...
...you'll probably end up some place else."

jc

[DMiddleman]

Never kick yourself for making a profit. It is better to be looking at the sky from the ground than being in the sky looking at the ground

[DMiddleman]

Sell into the strength of a stock going up. That way, you're not left holding the bag.

[DMiddleman]

American Bulls -

www.americanbulls.biz

Gives buy, sell, or hold signals based on candlestick charting. I have often referred to this site. In my opinion, it's no always 100% accurate, but it's a piece of the puzzle.

[DMiddleman]

CNBC's Website has a lot of good information on it. It doesn't cover much of the smaller stocks, but it's a great site for news and complete market coverage.

Lots of good analysis as well as custom investment searches.

[DMiddleman]

Never, ever, ever fall in love with a stock. eom

[DMiddleman]

Using Bollinger Bands with RSI
http://www.bullsector.com/ta.html

Bollinger bands:

Bollinger Bands do not generate buy and sell signals alone. They should be used with another indicator. I prefer to use Bollinger Bands with RSI. This is because when price touches one of the bands, it could indicate one of two things. It could indicate a continuation of the trend; or it could indicate a reaction the other way. So Bollinger Bands used by themselves do not provideall of what technicians need to know. Which is when to buy and sell. MACD can be substituted for RSI.

However, when combined with an indicator such as RSI, they become quite powerful. RSI is an excellent indicator with respect to overbought and oversold conditions. Generally, when price touches the upper Bollinger Band, and RSI is below 70, we have an indication that the trend will continue. Conversely, when price touches the lower Bollinger Band, and RSI is above 30, we have an indication that the trend should continue.

If we run into a situation where price touches the upper Bollinger Band and RSI is above 70 (possibly approaching 80) we have an indication that the trend may reverse itself and move downward. On the other hand, if price touches the lower Bollinger Band and RSI is below 30 (possibly approaching 20) we have an indication that the trend may reverse itself and move upward.

[DMiddleman]

Explanation of the RSI Indicator
Found at http://www.bullsector.com/ta.html


Relative Strength Index - RSI

This explanation can be found as part of a larger Technical Analysis site provided by Equity Analytics, Ltd.

RSI is a momentum indicator that measures an equity's price relative to itself. It is relative to its past performance. It is also front weighted. Therefore, it gives a better velocity reading than other indicators. RSI is less affected by sharp rises or drops in an equity's price performance. Thus, it filters out some of the 'noise' in a security's trading activity.

RSI's absolute levels are 0 and 100. Traditionally, buy signals are triggered at 30, and sell signals are triggered at 70. However, many analysts are now using 20 for buy signals and 80 for sell signals. I have found some interesting variations of these buy and sell levels.

Any analysis indicates that the buy and sell level will vary somewhat depending on the amount of days used in the calculation. A shorter span of days will result in a more volatile indicator that reaches further extremes. A longer amount of days used in the calculation results in a less volatile reading, which reaches extremes far less often.

We have also found that despite the fact that RSI is designed to be able to measure multiple equities against each other, it doesn't quite work out that way. Some securities may pull back some when their RSI indicator reaches about 68, others at 70, etc. Different securities seem to have slightly different levels at which the price changes direction. These levels are close to each other. But they seem to be particular to each equity. Basically, the vast majority do seem to change direction at 30 and 70. My point is that this is not a hard and fast rule. There are subtle differences.

RSI treats price as a rubberband. The rubberband can be stretched just so far. After a certain point, unless it breaks, the rubberband is forced to contract. Keep in mind that trades are not placed on RSI alone. RSI is a momentum indicator which usually turns ahead of price. The important thing to remember is that price is the ultimate determinant.

[DMiddleman]

Never invest or trade what you are willing to completely lose. eom