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How much are you up ? Satisfied with your profits - sell.
How in the world can you tell it's wash trading ?
What are the indicators that give it away ?
Learning mode - me.
No, not necessarily. Watch like a hawk & bale/bail when price goes
down to whatever % you set your loss at. Get to $0.70, set your
sell price at say $0.65 and you're gone. All the gurus I've read
say protect against losses.... #1 rule by far.
Switched back to Java last week. Gotta be a typo. I've seen this
happen before. Watching a stock y'day. Pre-market was crazy high.
Mkt opened & the crazy prices were gone !!!
Level II. Is WORL'S .555 bid a typo? It's been there for the last
100 trades. MICA at .5399 on the ask.
SWVI. Up to $0.55 from $0.43 y'days close. 27.9 % appreciation &
the mkts don't open for another 10 minutes !!!!
High of $0.75 this AM pre mkt.
Great post. Where do you find which stocks to "Come in at the
right time" with as you say. Seems like an excellent strategy.
Hard to say Gadamit.
Could have bought SNPK (PHRX) back in the day for $0.80
and dumped it at $2.00 (went to $2.40) for a nifty 150%
or $1500.00 gainer for every grand pumped in !!!!!
Perfect scenario for skilled chart readers.
Would be interesting to see what Sykes or Goode have to say.
Touche !!!! Point taken.
Lots for sale - time to bail - at the bid.
Thanks for the lesson.
Got it. So, what are the ramifications of this wall ? In other words
why is it important that folks make notification of it ? Oh, oh, big
wall on the Ask side of ABC for example - so what ?
Fair warning. Nothing wrong with that Amigo.
Question : What are they referring to when they talk about the wall ?
I see it when they are talking about the Ask.
Toss the loss aside. Once I short, then buy to cover, does the broker
just deduct the diff (whatever it is if the stock goes up ) from my acct & I'm done with the stock ?
The rookies will learn just as we all did. One post is not going
to lead to a cyanide pill. You have to agree, I-Hub posts in the main,
are merely for entertainment purposes.
I am a rookie too & know better than to tangle with an old pro like you but what the hell eh ?
C'mon Paul. By reading your past posts it's not hard to tell you are
an extremely intelligent person. The $13 mill is just an
extrapulation of what $1,000.00 earning 20 % a week and plowing the
principle & gains back in each week will amount to and you know that.
The board of which you speak did not say they were going to realize $13 mill in one year.
Who the hell is going fire $10,833,333.00 into the market in week 51 on a lousy
penny stock.
To Garyst. Say a stock is at $2.75 and I short 363 shares & realize
$1,000.00 in my account. Afraid it's going to go up so I put in a
stop to cover at $2.85 for a loss of $36.30. Does my broker just
deduct the $36.30 leaving me $963.70 in my account & I'm totally
out ? Transaction fees are not included.
I dunno bro. Penny Stock King (Sykes) shorted it at $2.52.
He got his ass handed to him for a $1725.00 loss but I'm just sayin'.
Good question. To take it further does any mod know how many 'types'
of trades there are? I've never seen anything listed in that column.
There is a Flags column too. What are they ?
To Garyst. A poster wrote that a MM can take a stock to 'no bid'
in seconds if he wants to. What does that mean & how does it work ?
Go with the trend. Short it if you can find stock ( IB has none )
Put your stop in a couple of points above. Wait until it comes back up
which it should. Then, buy to cover & put the profits in your jeans.
Like any other stock out there. Trade 'em don't marry 'em.
Go to Google or whomever you use & ask your question there.
Explains what's entailed. I use Google 'search' to obtain all sorts of info.
Wanna know how many people live in Miami for example ? Google the question.
Great bit of info Phil. Be wary of any link from peeps you do not know.
Thanks for the heads up. Did not know this B4. Would be nice if you could
post this warning somewhere so more folks would be made aware.
Begs the question tho ... Why do people resort to this sort of activity ?
MJNA. You say some of his followers are probably down by following his
lead (told them) to go short at $0.44. How so ?
If stock goes up, the stop loss gets 'em out..... minimal loss.
If they covered at $0.40, 4 cents a share in the jeans profit.
Hmmmm. I've read that a loss in volume usually indicates or is a sign that a stock will go down. Why is that ?
Confusing me. What does my post have to do with time ?
Please clarify for this old fool.
MJNA. Opened at $0.44. 1634 trades later sitting at $0.45 or 1 cent diff.
Anybody care to guess how much the brokers & MM'S have made so far today
with their fees and transaction charges ?
Sykes. He says he predicted a 30-50% drop. He then goes on to explain his rationale as to why he expects the drop.
BUT, in the video, he tells his students/subscribers to make sure they also have their stops in place in case MJNA goes North & he is wrong. Perfectly honest.
If he played games as you suggest, he would not have a following in a matter of weeks.
He's got big money tied up in his teaching endeavour. Why would he jeopardize
that to make a lousy extra grand or two on one transaction? Think on it.
This guy is as straight an arrow as you are going to find in the crookedly infamous penny stock world.
Check out his past trades. He even shows his big losers. How's that for transparency ?
Naw, he got out with a $4,000.00 profit. Nice work for 1.5 hours.... not ?
Sykes. No, not secrets. He says the charts tell all. Learn how to read them
he says cause the market just repeats & repeats. Same patterns keep coming up.
His students have made nothing but money by interpreting them correctly.
All is there for anybody who wants to Google him & see what he has to say.
Guy has been interviewed on every damn big time program out there.
They don't interview Joe average smuck !!!!
Penny Stock King <><><><> Tim Sykes - Google him. You gotta be the only
guy in Penny Land who has never heard of him. Tiger Woods, Roger Federer,
Babe Ruth of Penny stocks. His forte is going short mostly.
Sykes. What did he cover at ? He was in @ $0.44 for 100,000 units.
Good sign for the longs - excellent.
New Level II. You can switch back to Java. I did.
Just go to the 'About the new Level 2' just below the headings.
Tells you how to do it. One (1) click & you're back to Java.
Any idea if they are going to make the new Level II the only platform ?
Dunno about you bro but he drives a $235,000.00 Lambo (as he calls it).
Lives in a $5 million dollar house in Fla.
And you are driving a what & living in a house worth ?
Guy is fantastic whether you or me like him or not.
You are right tho, he is a lousy trader and he says as much himself.
Makes his 3 mil a year from teaching, which he is good at he says.
100X as much as him per year. Says he makes $300,000.00 per annum from
trading if memory serves. So then, there are so many amateurs making
$30,000,000.00 (30 mil) a year then. All I have to say is WOW and all on
penny stocks too ? Where's that buy button ?
Bitter ????? Watch him, you've never seen a more upbeat dude !!!!!
Watched some more. He shorted 100,000 @ $0.44 he says.
That's a $44,000.00 bet or a $1,000.00 loss for every cent it goes up.
Some kinda guts this guy has. He's laughing as we speak.
Down to $0.41 as we speak so he's $3,000.00 to the good.
Long day ahead tho. Keep the faith brothers !!!!
Take it for what it's worth. Sykes, this morning, says going down 50% next 2 days !!!!!
He's made himself rich being right 70% of the time.
Tribey. Your last sentence confused me until I replaced their with others.
Bloody GVIT dropped like a rock from the get go !!!!
Hope you're correct tho. I'm in moderately and hate this sinking feeling !
ERBB. Up 34% this AM fr y'day. Up 27 % from the open.
751 trades . Vol - 56.6 mill
Amazing......... mkt has only been open for an hour.
They (MM'S) have the option to sell short do they not ?
They are allowed to do this for more liquidity - apparently.
Therefore no need to borrow from the retail side.
Am I correct or not ?
Hmmmmm. Why don't they just bend the PPS (like the spoon) to double
or triple or whatever instead of going thru the stock market to get the price up ?
Shazam...... price is now $100.00 a share.... Gadzooks I say !!!!!!
Castell. Beautiful DD on this one. Well done. Nice to see something like
this instead of that 'to da moon' or 'weeeeeeeeee' crap.
Keep up the excellent work bro !!!!!!
Carnac, You state "If I would have known stock goodies were just on it,
I would not have bought ". Do not understand what bearing stock goodies
would have on the stock's performance. Could you or would you clarify what
you mean by your statement. Thank you Sir, very much appreciated.
I'm not familiar with stock goodies so don't know if they're bad guys.
I checked their board and they appear to be just another routine blog site.