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GEVO $1.40 - Seeking Alpha article out for those interested. For whatever reason, I find this company fascinating.
link: http://seekingalpha.com/article/2079343-gevo-patrick-grubers-last-chance-to-deliver-on-his-promises
Will still be looking for another trade in it. It's been trading within certain boundaries, so should be good to trade still, and with earnings coming up.
Timing just hasn't been right for me yet with another re-entry. Will still be checking chart to do so if it fits.
Andrew, from what I've seen, these types of movements can happen quite often (in both ways). It's always amazing when they do, which is why I try and knock myself in my head all the time to "lock in profits" ..."lock in profits", but at the moment I'm only trading stocks and not holding them.
From what I've read you've been extremely profitable in ELTP and I can see that's its gone from $.10 to $.90+ in a little over two months. Truly staggering returns!!!
It's to be expected that the runup might have just been too far too fast, and hence the quick move down the last few days.
I know you have listed the catalysts before and a few have come in, but there's still quite a few to come in this month I believe. So, from that standpoint, the overall thesis is still in play, and is the reason why I decided to buy in at the moment. For me, it won't be a long term hold, just enough to "lock in profits" (hopefully that is).
It's mind boggling the way stocks move sometimes, and unfortunately sometimes the reason is hidden from us (MM's gone wild, or dilution of some sort), or other times its simple emotional trading gone wild.
I've been through quite a few bios that have done these type of moves intraday or over a day or two (especially upon the binary events). It's enough to make your mind go crazy.
In the end, when you've done your homework and DD, if the reason you bought is still in play, then one can only hope that the rest of the world eventually rationalizes the same. Best of Luck! I'm looking for a bounce :)
I was wondering more if there's any charting systems that include live after hours or pre-market trading?
Stockcharts.com doesn't as far as I know and that's what I work off of 95% of the time. I haven't checked in my thinkorswim, I need to do that.
Bob, Thank you for your picks and thoughts. Best of Luck with the family!
Thanks, but we're only as good as our last bad trade.
Like you said earlier, "today is done" "good, bad, or whatever."
Don't let the highs get too high or lows too low. Let's learn from today and stay focused and get them tomorrow.
Fantastic Trade Sheep! The lesson we both learned is, "email investor relations to clarify if data is being released or if trial info is just being updated generally."
LJPC +4,125.38 Sold All - Good Trade +24%
LA JOLLA PHARMACEUTICAL CO COM USD0.0001(POST REV SPLIT) +$21,306.49 +$17,181.11 +$4,125.38
After Hours : I have no clue on how to get the best price and / or how to evaluate after hours trading. I sold 200 at 13.52.
The last 3 trades i held like this (thankfully they went my way), pretty much selling in the first 15 mins always seemed best.
Any best ideas for after hours? Maybe save the other 200 for tomorrow's open. No idea the best way to go about this. Depends upon how the kids keep acting for me :)
Thanks. Chickened out (risk/reward) and sold 100 more before close. Have 400 will sell in AH.
$.45 is where I was supposed to enter. Just hard to always wait. Is still a learning process for me. It has chart support on the Daily IMO right here. Time will tell. Seems a bit of an over sell and good catalysts still.
Down $2000 on it at the moment. Maybe I'd better bank some more LJPC. Prolly end up a wash with these two for today.
What's the saying? Time to buy is when blood hits the foor?
LJPC - $1,724 actually. I've been selling 200 here, 100 here, 100 there, etc. Just haven't had time to post it. It's all over the place last few days.
$528 was from Friday's sell. Am up $1,400 on current 500 shares. May sell another 100-200 in AH after close and before conf. dunno.
Will have kids to deal with too. They make out the best during these times because instead of Dad always saying "no" to everything it's "yeah, ok whatever, go watch tv :)" while I try and keep up with the news/prices.
LJPC - $10.86 - Volatile sucker as thought it would be. Sold 200 more. Will hold 500 into conference. I feel very good about the conference, but it's better to bank what you do have instead of feeling good about what you don't have.
Risk/Reward, etc.
ELTP - $.45 - Bought more. Holding 20,000 Now.
This was supposed to be my entry, but you know, got impatient again.
Here's to hoping that there's still some strong apples growing on that tree.
LJPC $11.35 - Sold 1,000 on Friday because I averaged down because of a poor entrance when I was too impatient. Then waited properly to average down until my chart play came about. I was OVERWEIGHT with it, was almost 50% of my portfolio, so to be safe sold in lots on Friday's spike.
Had 1,000 going into today conference which will be after hours (2:30 PST). Sold 100 today upper 10's (10.70 i think).
May sell 200 - 400 more into the close, or may hold. Will see... Holding 900 at the moment.
Got no sleep last night so am just trying not to make mistakes. Was waiting for a Bear Raid today, still might come before close.
Waiting on update of phase II trial in Roth conference.
ELTP $.50 Down 13% and $900 from my entry few hours ago. Doh! Had planned on averaging down if it hit $.45. Will keep watching.
RGDX $1.47 Up 6% on sharp pop w/ volume.
WIKIVEST : I changed my username and password for my brokerage account, then entered in one of my non-essential emails to see how it all worked. It's a neat idea overall, but don't feel confident in it at all.
So then changed my username and password again for my brokerage and deleted my Wikiaccount.
ELTP $.59 - Added More. Holding 12,000 @ avg $.57. I feel its a good entry, however if it continues down to $.45 I'll add more probably.
Status Filled at $0.58
Symbol ELTP
Description ELITE PHARM INC
Action Buy
Quantity 6,800 Shares
Route KNIGHT EQUITY MARKETS, L.P.
Order Type Limit at $0.58
Order Date 03/10/2014, 11:08:54 AM ET
Cancel Date
Order Number C10THSP
ELTP $.59 - Joining you all in a first dip for 5,200 @ $.55. Would like to buy more now, but am watching overall market to see if levels hold or not. May add, or may just wait to see if markets drag things down more. Dunno.
Status Filled at $0.5494
Symbol ELTP
Description ELITE PHARM INC
Action Buy
Quantity 5,200 Shares
Route KNIGHT EQUITY MARKETS, L.P.
Order Type Limit at $0.55
Order Date 03/10/2014, 10:34:43 AM ET
Order Number C10NPNM
Ok. Thanks for your thoughts.
hesse, Besides the Roth conference, what are the catalysts for HTM? I believe earnings are coming up soon? Anything else?
I've taken a peek at the chart again. In theory, the Daily chart should hold $.46 pretty well. Looks like it had big volume when it tried a last push above $.52 and failed.
Watching it still at times.
Lastly, get hit over the head with a *new* kitchen pan yet for not saying "yes, dear" enough? At least the pan should have new telfon coating to slide off your noggin.
LXRX $1.79 - It bounced off $1.75 area 4x previously in the last three months and bounced off $1.70 2x, so it has some decent support in this area. On Friday $1.76 held and then it started moving back up to settle at $1.79. RSI has been sloping up, MACD moving up in waves nearing 0.
Those are all some of the reasons I added more at $1.77 on Friday, along with the catalyst too.
Best of Luck with this one. Seems good reward vs. risk.
ELTP - I think walking away and not paying close attention is a good idea for a stock that you believe in for the long term.
With the important catalysts that you mentioned in previous posts, it would make sense that it will have sharp peaks and valleys after news, and the fast run up its had recently.
I'll be watching it over the next few days to make an entry. It may take off again before I have the chance to do so, but that's ok with me. At least you guys will be making some $$ then.
Great work on the $3.20 to $3.50 in a day! That's exactly the types of plays that I'm looking to do. Get in - get out.
With limited funds, I need to plan better to make sure I have cash in my account to do so and not have to wait a day or two for settlements.
FCEL : What were the reasons that you decided to both enter and then exit? Was it based upon a certain chart pattern, or technicals or news? Or, the sector, I've only half paid attention but I think I've been hearing about fuel cell stocks flying recently? I've seen a lot of PLUG mentions. I'm not sure if FCEL and PLUG are similar.
Thanks
horent, We mostly found the bios and that system, but will play anything that looks fundamentally sound, has strong catalysts and has good looking charts.
It's Smurf's Random Picks so, anything random that looks good is in play. But the biotechs system has worked well for us, so one should always keep doing what works. With that said, we are looking to branch out of the bios, as being too heavy in the Bio-sector isn't the best system, in case of down-times.
Recently I found some good charts and made some good trades on SARA (oil and gas), GEVO (biofuel and bioplastics company), DRWI (tech - networking), and found IDN (really interesting security id tech company) that I charted, but didn't play. I'll be looking to get into IDN still though.
Mostly play Big Board stocks, but will dabble in an OTC here and there.
My theory is anything that'll make money, and looks to have greater return compared to risk. For me, strong catalysts and charts that fit certain setups are key.
If you have any picks, go ahead and throw them at us so we can all take a look.
Smurf (et all). I appreciate your picks, help and guidance (and reminders to sell). Let's all keep watching each other's backs and in turn, it'll all help us all make $.
FYI: I don't do a lot of tweets myself, but always will retweet any info on any stock that I know Smurf, hesse, or anyone else is holding on these boards. Much easier to let them know via a quick retweet.
Twitter Handles: @nedserious @Smurf_VA
This week is done, good / bad / otherwise. Have a good weekend all. Let's get 'em again next week.
PS> Will be looking to join Andrew/Smurf (others) on ELTP very soon. Am hoping to learn from you all about it still.
Thanks for the heads up. Was watching and selling and of course, my computer locks up for a few minutes too right then. Figured better to sell instead of post :)
OT: WikiVest Geek Talk : My basic problem with wikivest is, you enter your username and password and an email. No other info, so they state there's no way to identify you. But even still that's enough info to be stolen for me.
So, they encrypt the user/pword and put it into a database then. But the info has to be decrypted and then sent via https is my guess, to my brokerage firm, in a read only request. So, again, they say its all read only, no harm done. But the user/password has to be decrypted to be sent to the brokerage firm. Yes, the transaction itself is encrypted, but...
Why chance giving your user/password info at all? I mean it's my money/account.
Also any IT Database Manager would have access in theory to the user/pword in the database. Yes its encrypted but so what? They're in charge of the encryption process and have the key.
I'm not sure how profit.ly works. just my thoughts. Doesn't seem worth it. Thoughts?
TTNP - I check in on it every few days. Missed today's move completely. It's technicals are overbought for me, so keeping out for now.
Thanks Sheep. I put it on my radar. Am going to give it a few days maybe to see how it shakes out still.
It hit and bounced off the 50DMA.
LJPC $9.76 - I've been waiting for something like that last two days. IMO, it was forming a triangle/pennant on the 15 Min and queuing up for a strong move.
Three large price targets ($27, $16, $35) in the past week and data to be updated on Monday in some format, and analysts giving it 70% chance of positive data.
A few mentions of Price targets of $16-$20 on positive data. So, actually am surprised it hasn't mad a bigger move of some sort.
Kept staring at it to get jiggy. Am expecting a Bear Raid on Monday. Always seems to be the case. I plan on holding some, not sure how many shares at the moment, but some.
Am expecting volatility on Monday in it.
LJPC $9.61 - Selling 1,300 shares in lots on the way up. Have 300 to go. May sell the 300 in AH. Will have 700 for Monday then.
THTI - Am going to check into this one then. Was in China for 3 weeks 10 years ago. Only saw the sun one day in 3 different cities because of the pollution.
My bad, had i checked in on it, I would have loaded on it instead of LXRX. Hmmmm. Will see if I can unload anything else. Only have RGDX and LJPC, so will take some LJPC off.
Ok. Thanks.
ELTP $.68 : Profit taking? Any news make it drop?
Have to let me know its doing the dipsy do, as I'd like to get in still. Am checking the charts on it for an entry.
Thanks
Thank you Smurf
APPY - $2.52. It's skinny dipping. Watch it folks for an entry if you want it. Wabbit hunting time. Link back for charts supports.
LXRX $1.77 - Bought More. Avg now $1.88.
Bought because of charts and catalyst still. It has good support here around the $1.76 ish area.
Status Filled at $1.7699
Symbol LXRX
Description LEXICON PHARMACEUTICALS INC COM
Action Buy
Quantity 1,400 Shares
Holding 4,400 shares now, avg $1.88. Was originally looking for a small move. Will look to get out now with a small loss, or a small gain. Not going for big kill on this.
"Small moves Ellie. Small moves" - From Movie Contact.
My theory up until now is, "don't lose money on any trade." then it's "make money on every trade." Have to remember that.
LXRX $1.77 - Did the Now you See Me, Now you don't move along with a lot of others this AM. Was looking to get out near today's early high w/ minimal loss, then it tanked.
May average down now. In at $1.94.
IBB $255.52 Pooping on our Lawns. Nearing some support around 254ish.
It's ok if it poops, as long as its picked up afterwords. A little fertilizer is good for growing.