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Why not just play both sides of the street on a daily basis ?
Tim Grittani, a Tim Sykes 'made man' collected $35,528.00 on FNMA
doing that on 14 March last. 35 grand for a day's work....astounding !!!!
Interesting. The Wall Street Journal just reports in an article that
'Seeking Alpha' contributors have a better track record than the pro
analysts on Wall Street have in predicting the markets. Who would
have thought that.... eye opener !!!!
Khaliis. Put your cursor on Boards up above & go from there.
You will find some big board boards as you drill down.
You want to talk about VRNS, go for it.
Fair enough Amigo. Now, how would you play it ?
Mine was just a suggestion using arbitrary figures.
Will be interesting to see what plan you have in place.
Name me 1 stock that is not a shoulda woulda coulda.
I can visualize Superman's take on this (IMO only based on numerous trades of his I've followed.)
XXII PPS $4.60 (close Friday). Stop loss $4.30. Personal target $6.70 - $7.00 if it works.
(Love that 'if it works' asider ). Investment $90,000.00 +. Hits $7.00 - $46,956.52 profit.
Gets stopped out. Not hurt too, too bad. Has $84,130.35 left to play again.
As I read an another board ---- scalper's dream ? $3.44 to $6.20
last 18 trading days.
Penknee. Scaplers paradise... Amen to that. Left field foul post..
$4.05. Right field foul post ...$7.93. Keep whacking & whacking
the horsehide between the 2 foul posts & there is a TON of money to be made !!!!
Thanx for the tip bro.
GV. I have to agree with you that VEND looks like a solid company.
When you go to Tim's article & try to read ...See Here why... it'll
crash soon..... you cannot unless you are a paid subscriber which I am not.
So, John Q. Public's reaction to his article will be very, very, very minimal
at best as the vast majority of players are like me...... non subscribers. IMO of course.
Sykes a douche bag !!!!! Lighten up man you'll have a heart attack.
If you have some constructive criticism of the man post it & let
the public weigh in on what you have to say. Just remember, we are
all here just trying to make a few bucks & have fun while doing it.
There is no reason to attack each other. As far as VEND, all he did
was present why he believes the stock is sketchy at best. It is
up to the reader to draw his own conclusions. Good or bad, plain &
simple.
Ryboi. Could it just be some big holder unloading a bit at a time
so as to not arouse suspicion ? A while back on another stock a big
holder unloaded big time. Ticked off his buddies which started a
landslide.
Rcrdoeva. Exactly. Thinking mineself the same thing. Been on a
bigboard for 3 days and only give or take 100 share prints going
across. How long till the 'big boys' get onboard I wonder ?
One for 2900 went across but that was for a sell !!!
Posts slowing down or just my imagination ? Can take longer naps now
between reads & still keep up (retired).
Holy crap. Just read that XXII has Brown and Harvard grads on
the management team. Talk about execs with credentials eh !!
Goes without saying. This outfit is in good hands !!!!
Justy, Thanks man. Class is in session. Love it & learning.
Wondering tho. Why would you not open a 2nd or 3rd margin acct with
diff brokers or is there some kind of statute on/of limitations as to the number of accts a guy/gal is allowed ?
Curious. You have info the average bear does not even know about.
Are you a former MM or hedge fund manager or what ?
Ryboi. Hope you do not think this is a stupid question but why do
you not just open a margin acct ? My broker, when I opened my acct
asked me if I wanted a margin acct. I said yes, please, he said OK,
next question. I was up & running in no time.
Justy. You say some MM'S do not show their orders. XXII had 3364
trades today on Level II. The actual amount is 3364 plus then ?
The plus (amt unknown) being the trades the MM'S did not show ? Interesting.
Lotta very, very smart players on this board so the question is how
high (best guess) and time (opportunity costs ) to get there ?
I watched GV*IT go up & down like a short stringed yoyo for 6 mths.
What a pathetic waste of time that was. Posters stating 'she's going
up today, for sure. Next guy, this is a POS if I ever saw one. Pshaw !!!!
Justbo. Who is Sabby ? - MM ? Big time trader ? Hotshot Guru ?
His name gets tossed around like a rich relatives.
Streamer. Disagree with stop losses effectively stopping profits. I
am of the mind that they prevent getting your account blown up.
We all have our opinions tho don't we? Democracy - gotta love it !!
Down another $0.29 cents since the open. When will the bleeding stop ?
My shirt - I'm losing it !!!!!
Justbo, thanks for the reply. Yes, I neglected to say that MM'S only
are allowed to sell naked. Retail (run of the mill players) are not
allowed to practice naked 'short selling' as you stated.
They (retail) have to go to their broker & borrow shares.
If there are no 'borrows' available, retail schlemings are SOL.
Quite a day for the first day on a big board eh ?
Many players, it appears, were applying stop losses (a practice that
I endorse) to protect their investment. There's a trader that I
follow that also is of the stop loss school. He made $419,777.00
last July on SPEX !!!!! Returns like that have to be respected.
Further, if it's good enough for him, it's good enough pour moi.
Keep your stick on the ice.
Yes, naked shorters have 3 days to cover or they will be "bought in".
Bought in means your broker will sell your shares, if you do not cover,
for whatever they can get for them & you will then get a margin call
to make up the loss differnce. Not a good situation to be in.
This only applies if the PPS goes UP tho.
If PPS goes DOWN, there is no time limitation on the cover period.
Gleaned this from the Investopedia site & the way I understand it.
Anybody care to add to this ?
Zed, cripes man, a millionaire for a day !!! How much money (none of
my business) do you guys have tied up the these penny jobs anyway ?
Guys like me & there's a lot of us think a thousand bucks is big money.
Jock, I get it now, they are peddling a cessation product ?
You can get the same effect by merely poking a hole in the side
of your ciggy. Like trying to smoke thru a woolen sock. You suck
until you think your brain will implode. Wish them well tho. If
they can get one guy to quit... they've done their job... kudos !!
These guys are peddling mechanical/electronic gaspers are they not ? If so, my
daughter in law sells the things. Pain in the butt changing the damn
cartridge with each smoke. I've smoked since I was 8 or a long time
ago. I buy 2 cartons every 3 weeks (convenient). So what if it costs me more than
the falsies. I've asked my buds if they use them & they say they
taste almost like tobacco but too inconvenient to use.
Maybe if XXII spent their research money on finding a tobacco leaf that costs less
than 10% of what it does now to produce, they could sell real cigs for 90% less than they do now... then they would have a viable product.
Nonsmokers can refrain from replying no matter how hard that will be to do.
Mr. Mac. Why not let price action rule the decision making process ?
Set yourself a target (hope it hits & is adjustable) whilst at the same time set a
stop you are comfortable with. The stop can be set at purchase to
let the system get you out or make it a mental stop and you sell
when you believe it's time (again adjustable) The mental approach eliminates the stop
hunters. I believe the easier & less stressful mentally you can make it is the most logical route to pursue. I follow a guy who just
made $300,000.00 on one stock. This appears to be the way he
approaches the market. He does the same thing repeatedly. It seems to me he uses a strictly mechanical system. My 2 lousy cents worth
for whatever value it is. As I said in an earlier post, I did not
have a stop in mind in a previous purchase & lost my shirt...... no more !!!!!!
Nano. From what I understand, MM's are allowed to sell short NAKED.
This means they are not required by the powers that be to actually
own the shares. Therefore, they can keep posting low (the ask) prices until the cows come home. Maybe some of the more informed
iHub posters can confirm or deny this. Awaiting responses.
Tim, agree 110%. Buy the dips - rule to live by.
Tim, a very articulate post. Refreshing to read somebody who has
concrete, unbiased info. 2 years of DD on XXII. Now, that's what I
call investing. Gonna mark you for future readings. Keep up
the excellent, excellent posting.
Daner. Wondered the same thing. Last print is above the bid/ask
range. How does that work ? Pay more than the ask ??????
Justbo. 3 piece Al-Qaeda band. AKA 'the base'. Good one Bwana.
That's funny. Hats off to anybody with a sense of humour. Let's all
have fun here, no dog kicking, just enjoy this great life & make
a few guilders on the trip.
Reading your posts (some good stuff by the way) I'd say you
graduated a finance major. no ?
Hope this does not get deleted until you're read it at least.
God bless iHub, little children & Mothers.
Right on Mr. Run do not walk. We're all here trying to scratch out
a few bucks & have fun whilst doing it.
Tim. Cannot argue with your success. You are my hero, no doubt.
So then, what do you do when the stock tanks ? I did not invent
the stop loss, but the concept seems very astute to me. Damn,
I've read it over & over. Protect yourself with stop losses.
Timorr. Tell that to Buffett. I read years ago that he uses 7% for
his stops. He goes on to say 'I would hope that I'm out a lot sooner
than that too'. XXII came back this time. What if it hadn't. If you
get stopped out, you can ALWAYS buy back in. What does a stop cost
you ? The brokerage fee for the transaction - big deal. Using 10%
(which is arbitrary) leaves you with 90% of your powder to shoot
again. Every guru I've read (lot smarter than me for sure, for sure)
say the #1 rule is to protect yourself from devastating losses.
I've lost thousands 'hoping' the PPS will rise again - didn't.
If I had used stops, I'd be playing with a s**tload more cash than I have now. To each his own tho.
Justbo. From what I've read, you've saved yourself approx - 7G's by
not taking it. Don't tell that to Grittani tho. Believe it or not,
he's working on his 2ND million bucks !!!!! Not too shabby eh bro ?
You've heard the old adage ? - "Don't knock a guy until you've walked a mile in his shoes" !!!!
XXII. I've read that 'the trend' is your friend. If this is so,
XXII is trending. Excellent for us longs. Do not forget to get out
if it goes South which it certainly will. 100% guarantee on that.
Live to fight again with the majority of your capital still in hand.
Do not be afraid to sell. You can ALWAYS buy back in later.
Streaming. No big deal. Buy back in at the next rise in PPS & make bank.
These suckers prices are not cast in stone. Buy & sell - the game.
Set your stop at whatever you are comfortable with losing or in other words, as most
guru's say.... have a plan in place... plain & simple.
Does not matter what the bashers & cheerleaders say either.
James, cool your burners bro. Serious question. How or where do you
set your PPS to get out & protect yourself from getting blown out ?
All the gurus I've read (Sykes included) say keep your losses bare bones.
Stop loss at 10% does not seem unreasonable to me. So, what is
reasonable ?
Nick, who can tell ? In at $5.13. Target $10.21. Stop loss $4.62 or
10 % (keep losses low ).PPS now $6.08, so re-set target to $12.16,
Stop loss at $5.972. Keep the stop trailing. If it gets hit, you
are out with all your profits. Emotionless trading... simple !!!
James, Who cares, research or selling smokes ?
Set a target at a double or $10.26. Stop loss 10% or down to $4.62. Hits either one - gonzo. That's the way Sykes #1 man Superman does
it. I've eyeballed a ton of his trades. Who can argue with his success ? Trade 'em don't marry 'em !!!
ajr. What is your target & where have you got your stop set? In other words, what is the plan you have laid out ?