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Yep, I sold YG for 1 pt and poof, it spiked 10, leaving me holding nothing but half a boxed short.
The earlier YI move was even bigger, from 30.10 to 30.66 (or 30.90), IB is confused.
Its hard to stay in gold and silver when they go up so much (and down). Trying to flip some, retain core positions.
hans
Amazing spike silver... YI went from 30.10 to 39.80 is seconds... then back down.
I had an order in for 30.33, filled, way early, but maybe i'll get back in .50 lower?
hans
I'm in KLIC at 15 and 7.60
Flipped some at 1.11 for .20
and 2 to 6+
patience, plan to sell some over 10 and the last shares for whatever I can get over 15, thats a stretch.
hans
Not much point in buying calls or leaps. You can just buy the stock, which doesnt expire, has a much smaller spread, is more liquid, and may use not much margin. There isnt much leverage on a two dollar stock. Now selling CC's and puts, that is something to consider.
A billion dollar market cap? Maybe there will be a bio-bubble to rival the .com bubble.
hans
I used to be long-suffering, but now I'm bullish.
The pop to 4+ on hype gave way to a slow grind up. Good sector, good CLI trials, good company.
Hans
I bot in at around .085 and .065 and it would not go up.
Started bidding .025 last week and it will not go down. No fill.
I wish it would go up or down, not too much to ask for.
hans
Was asking 2.92 for my flip shares, but settled for 2.88, I've been missing sales by pennies recently. Of course it went higher AH.
If it dips, I'll pick up flip shares again. If not, my 13 core positions will prosper. I don't flip those, maybe over 10 but not here.
hans
Be nice to sell naked puts.
Gapper ASTM Tanker TSLA
Well put, bidding .025 for 3rd helping.
hans
Silver exposure? I'm already Long YI swing, long SLV, long AGQ in two IRAs, and bid for YI 27.00 this morning, and missed by .02 how annoying.
hans
I'm sending JimQ an Ihub note. I hope he returns soon.
hans
HAUP being tended by Zeev from above.
hans
Hey guys, AMST is up 40% to .0333 today.
At the current rate of PPS increase, here is the projected stock price thru the end of the year, thanks to the FoxPro program I just wrote:
11/24/2010 0.03
11/26/2010 0.05
11/30/2010 0.07
12/01/2010 0.10
12/02/2010 0.14
12/03/2010 0.20
12/07/2010 0.29
12/08/2010 0.42
12/09/2010 0.60
12/10/2010 0.87
12/14/2010 1.25
12/15/2010 1.79
12/16/2010 2.58
12/17/2010 3.71
12/21/2010 5
12/22/2010 7
12/23/2010 11
12/24/2010 15
12/28/2010 22
12/29/2010 32
12/30/2010 47
12/31/2010 67
01/04/2011 97
01/05/2011 140
01/06/2011 201
01/07/2011 290
01/11/2011 417
01/12/2011 599
01/13/2011 862
01/14/2011 1240
01/18/2011 1783
01/19/2011 2564
01/20/2011 3688
01/21/2011 5303
01/25/2011 7626
01/26/2011 10966
01/27/2011 15770
01/28/2011 22677
02/01/2011 32610
02/02/2011 46893
While it continues higher, I put in an order to sell at 100K.
hans
Mkt closes normal today. Closed Thursday. Friday a half day?
update: HAUP really moving now, up 35%
HAUP moving, an old fave of Zeev.
hans
Penny stocks are volatile. They have large spreads. In the absence of news, sellers drive down the price. Its perfectly normal for the stock to go to .03, and maybe lower.
Selling here is a gamble... it could move up tomorrow and never come back. OTOH, holding is a gamble too.
I don't sell pennies, it's not worth taking the loss. I may add, perhaps on news or strength.
hans
or you can buy WIRE at the peak like I did and watch it languish year after year.
hans
I'm hot on silver too... got 5 positions, flipping some YI, holding AGQ for 100 pt gain, maybe 200 as I have 2 positions.
hans
Asking 3.33 for today's shares, may add again if it doesnt pop by monday.
hans
Y'all agree, cool.
Ponying up: ADD LONG ASTM 2.70, 14th position, this one for flipping.
hans
No, I paid a couple bucks for them. Thats the crazy thing about options. I'll probably lose, but anyone who bought at the close could be up big. We'll see.
hans
I'll agree...
lets say the news caused people to sell, whether or not such an action was warranted.
Hey, if the news is good, then the stock will go up eventually. in the meantime, cheap shares, buying op. In fact, I'd like to add myself.
hans
This board is getting wacky.
I'm skeptical about these 'bear raids'. ASTM is a small cap stock. The price went up on speculation of good news. The news was disappointing. People sold, some short term traders, some longer term, and some institutional. There were more sellers than buyers, and the stock price went down.
This conspirational talk is silly.
I have not sold a share in years. I have 13 positions, and I may add.
Then we have to wait for earnings, or FDA news that may lead to earnings. Stem cells have huge potential this decade.
hans
I have LVS 52 1/2 nov calls (penny) and 49 (nickel) as of the close... but LVS was upgraded and the 49's may be ITM at the open. Interesting... a possible 10X if one had known.
Who knows, another 2,3,4 pt move tomorrow and I may turn a profit.
hans
ASTM, holding my shares, adding if I can free up funds.
hans
Resumes 14:10, trading 14:15
ASTM conference today....
Aastrom Receives FDA Fast Track Designation for Phase 3 CLI Program ...
more on ASTM board.
Hans
The trend... I got out of metal shorts (at the high of course)... but accumulated AGQ, YI, SLV, calls, at good prices. Dumped calls and a YI today, of course right before a meteoric rise. oh well.
Now its hard to get back in metals... dont want to chase, shorting the pops got me in big trouble before. i guess leg in and add on weakness (strength?) and be patient. Metals going way higher.
Holding AGQ, looking for 100 pts.
ASTM getting ready, could lunarize.
hans
TA is almost meaningless on a nickel stock. The only thing of interest is a big move up in the price, or news or earning to precipitate said move up.
Meanwhile, ASTM 52 wk hi, and STEM rocking.
hans
Correction, paid 115.xx and 107 for AGQ, still happy with both entries.
Bot AGQ 107 & 111 in IRA, looking for 100 pt gain, but not today, maybe take a few weeks (months?).
gapper ASTM tanker RIMM
SNDK in a rising band, low around 38, high around 41. I like it long at the low end of the band.
I'm long LVS at 52, having picked the one day this year it didnt break up. Had 2 pts almost, but didnt meet my limit. Added some calls at 52 and 49, not a great play so far.
Short a SLV put, and long some SLV/GLD calls. Wasnt looking so good till today. Failed to sell SLV CC yesterday, I didnt want to ask too little for it given SLV's proclivity to bounce.
hans
Ordinarily, I'd be in and out... but I think it's going to keep gaping up and not retrace very much. BWDIK?
I have 13 positions... maybe I can sell 1 at a profit someday and re-enter lower. but not yet. we're still nowhere after the r/s.
hans
$4 sounds like a lot, but before the r/s it was only .50
If ASTM develops a marketable product its going a lot higher.
I have yet to sell a share this year. My initial target is 10. I remember it hitting 40, that wouldnt be bad either.
hans
Gapper ASTM tanker TSLA
GERN moving AH, should help ASTM continue its run. If AMST ever moves, we'll take solace that its in a hot sector.
hans
L SLV 26, legging it, looking for more pb thru op ex to get longer.