Swing trader.
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RPRX got in today. Looking for a couple day run, though you never can tell with the bios.
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BWEN got in today at $5.80
Kind of late to the party, but looking for a big turn around here.
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I sold PVTB at 13.25 made more than a dollar a share. But then it closes at 13.75 so maybe wasn't such a great idea. Oh well at least I made money on the trade.
Said I was going to stick with lots of cash but bought BWEN (5.80) and added to my TQNT (6.46)position. Oh and picked up RPRX on the news at $1.00 Sure hope they don't dilute in the morning before I can get out. Prolly should have just sold today and took the loss. Don't know why I keep trying with these bios.
SFI's drop has slowed. I hope. It's killing my portfolio.
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BWEN does look good.
Any stock is going to have to be pretty darn strong to hold up in this market.
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I feel your pain. Up big today on PVTB. But gave it all back on my SFI holdings. Apparently I hold too many SFI and not enough PVTB. LOL
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PACR out with a couple hundred dollar loss. Not willing to watch it go lower. Will look for a couple scalps the next few days while we wait for market to stabilize.
Sold most of my red positions today and now have plenty cash for new trades. Can't make profit if you don't cut the losses.
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Sold half of TQNT today. Of course it's up AH. Just can't win.
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FLOW has turned around a little, though the rest of my account is bleeding and may soon need major surgery.
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I do have one winner today. TQNT up 46 cents and I don't even know why. No news.
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Almost bought EGLE myself. Still watching. Today has been just crazy. First my account was up big, then down big, then up again, now down. Most volatile day in awhile.
GLTY
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Oh, and I'm still in PACR, but think I'll just sell for the loss and watch a couple days from the sidelines.
Biotech? You guys following PARD on this board? Made a few dollars there on Friday and had more news today.
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PARD
Yes this one should be good for a couple scalps the next few days if nothing else. The bios always seem to pop only to then drop back down.
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Good idea. I made some money on PARD and CNXT Friday. Locked in some profits on those I had held longer. Looking for a small bounce to sell off the rest of my portfolio. If not by Monday or Tuesday will sell it off anyway. Too much volatility to risk losing the profits made.
Will daytrade or swing for one or two days. No more longer holds for awhile.
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Didn't actually trade much else today. Watched some of my profits get taken back. Hoping for a green day Friday. Will sell off some of my positions to have more capital available next week.
If the market stays this volatile may have to become a daytrader.
GLTY
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Picked up a little PACR at 3.50 today. Hope I wasn't too early.
What a bloody day?
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SFI nice close today. Daily chart with three white candles, looking good. Link back for chart.
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I sell SMP and they announce they will reinstate the dividend. Knew it would run soon as I sold. Oh well, the money was invested elsewhere and they are moving up so it's all good.
PACR is up nice today. I'm still not in though. Would have bought the dip this morning, but had appointments and was out until after lunch. Will watch for another dip.
Ken,
You more of an "investor" or just swing for the profits? I trade full time now. Mostly swing trades. Couple days or weeks. No long term investments.
Oh, and be careful around these parts. ihub is full of people looking to make a buck off the uninformed.
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You are new to ihub and your first posts is here?
Well let me be the first to welcome you!
Not sure if I am the one to ask about buying SFI as it is one of my personal favorites for the past two or three years. Have flipped it many times for profit. Now I hold a core position and flip the rest.
It is nearly impossible to time the market just right and SFI can certainly be a very volatile stock. The company offers loans for commercial real estate, probably not one of the best businesses to have been in the last couple of years.
That said my personal opinion is that this stock will go much higher. It had a quick run up the first week of January and then a pullback that seems to have been short lived. Support held at $3.20 this week though I thought it might even fall to $3.00. The fact that it closed green today when the DOW was down 100 points certainly shows strenght. $4.00 could be right around the corner.
SFI often has wide swings during the day.(15-20 cents) Look for a dip if you want to get in. Another idea might be to just buy half the shares you want and then if it pulls back a bit you could buy the other half a little cheaper. Don't be too upset if it retreats just a bit. Set a stop if you are concerned about big losses. The financials will be out in February. Have not yet decided if I will hold overnight when the financials come out, but we should have a nice run up until that point.
Good luck to you,
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"Orion Party Bash MLK Day Contest Pick"
My pick SFI close on 1/15 = $3.37
thanks,
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Yesterday was okay. Finally got out of SMP. Only a hundred dollar loss instead of the thousand I was carrying on it. Will probably take off now. LOL
Also sold half my positions in FLOW and AFFX. They were moving a little faster than I expected so took some profit. Bought a little PARD, usually don't like the bios but chart looks good and they just diluted in December so should be okay for awhile.
Have a great day.
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Yeah, live and learn. That is why I always lock in at least half the profits now days. Then take some out of the brokerage account to put somewhere else for safekeeping. Keeps me from putting all the profits into something where I lose big. Lots of temptation out there.
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I did okay yesterday. Have been stuck in SMP with a loss and low volume and it took off yesterday with no news. Hope it stays up this morning long enough for me to get out at least even.
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Hey, I was out most of the day due to appointments. Dem bears came in and took $1500. If you see em let me know. I'm really ticked.
Made more than ten grand last week. I sold half my positions to lock in profits on Friday. Now I remember why! Really I did expect a pullback and am currently at 50% cash ready to grab some at the bottom.
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SFI took a dive today. Watching for an entry to add, Have a 3.04 average now with 5k shares and will sell if it continues to fall. In and out, take the profit and wait for the bottom. Has some support at 3.30 but could go as low a 3.00 This one is heading back to 4.00 was just going there too fast and has pulled back. Last week was too fast. May stay flat or go down a little farther this week. But after that back to the uptrend.
SOPW chart looks like consolidation. On further study checked to see why the big drop end of September. Dilution, they used shares for financing. Fourteen million at one dollar, once they are burned off it should move up. Will they dilute again? I don't know much about them, but have stayed away from pinks and the OTCBB since March 2009. Got burned big down there in 2008 and vowed to never let it happen again. Been trading only big boards since.
Good luck to you!
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I watched AOD. Prolly should have got in.
Picked up PNX, may have been a mistake. Looks like more resistance than I thought above $4.00. Likely get out without a loss even if it doesn't close above $4.
Added to my SFI position. Use that one for an ATM. Has really been good to me.
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I'm still in from 2.53
But have been selling half on highs and trying to get them back lower. Grabbed a few more here at 3.50 was gonna wait for 3.45, but not sure. Will flip them at 3.70 and hold the core, if it works out.
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Did you get back in SFI Nice pop today. Think this sees $4.00 soon. Fundamentals are getting better every day.
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ANDS nice move today. Don't see any news.
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ANDS coming off the bottom. Moving up two days in a row and no posts here?
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Spreadsheet looks great, but I don't hold stocks anymore.
Short term only. Keep my capital moving and it seems to earn more for me. Once in awhile I do hold thru divi date, but it is usually not intentional.
Besides the ones you mentioned I am also watching INO, PNX, TNL and PACR Monday for possible entries.
Both of those charts look great.
EGLE shippers all doing well again.
AOD Nice uptrend with consolidation June thru Sept and then again Sept thru Jan. ready to make another move up.
May get into both this week. Will definitely be on my watch list.
I probably average 10 to 15 trades a week. That enough?
"sneaky stocks"
I feel the same way about SFI. Been in and out for months. Almost always pulls back. This time I been selling on the way up and it just does't want to pull back. Oh well, only had 2k shares left so I bought 2k more on Friday. Looks like it might have been a good deal.
Hi,
Is that some kind of secret? How do you get the $6. or $7. commissions. I pay $9.99 per trade to TDA. Is there some number of trades you must do a month or quarter or something like that?
TIA,
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CYCC I hopped on the train at 2.21 Sold some at 2.65 just in case it fell overnight. Never know with the bios. AH trading looks great, closed at 3.09
Yeah, I'm still trading like a nut. But no risk/no reward.
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SFI what a beautiful morning.
20 million shorts to burn.
Yes, I saw that news about Drake. Sometimes wish SFI would put out more Press Releases themselves. But then again when the news does hit many will be caught by suprise. Better for the pps.
SFI looks strong. Lots of buys into the close today. I'm in from $2.50
Look at the weekly chart for one and a half years. Reverse head and shoulders.
Same with the daily chart of last three months. Reverse head and shoulders.
Looking for at least $3.25 and maybe $4.00 or higher.
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Almost sold at $2.80, but the weekly chart is beautiful. Look back year and a half and you see inverse head and shoulders. If this goes it could really fly.
There is alot of cash coming in from foreclosures. They should not have any liquidity problems for 2010.