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3 words I dont use when investing, Hope, Luck, and Pray. I eliminated those 3 words almost 5 years ago, and ever since, its been green years every year. Once people stop relying on those 3 words, they might actually make some money. You are better off going to vegas and using those words, you get better odds there, than using them in the penny arena.
I added 20k more shares today at 0755, now holding 55k shares.
Yup, expecting abit of a pullback, but nothing to really worry about.
That is amazing. An unsaturated market for BTN means gold mines all over the world for them. Seems that BTN is doing EVERYTHING the right way. This is a great thing, especially for us :)
I found another tidbit on SPRD for earnings season... short write up.
Spreadtrum Communications(SPRD) -- Luckily, you don't have to look very far past Apple to find some of these up-and-coming "Apple's." Many of today's small-cap, high-tech companies play off the success of larger companies. One company that is doing this is my Emerging Growth stock, Spreadtrum Communications.
The company is making a killing in the mobile communications industry -- an industry much helped by the success of the Apple iPhone and iPad products. China's Spreadtrum has already gained more than 50% since Jan. 1. As Spreadtrum gains a larger share of the personal electronics marketplace, it could very well give Apple and the Apple iPad a run for its money in the future
haha nice picture!!!
Wow, I just looked at the chart on CCF and it gapped up huge. Looking at Thursdays volume, I am really shocked that there was really no volume increase. Somebody had to have been in the know, about earnings, yet that volume on Thursday was down, then BOOM, a giant gap up. Maybe insiders were doing a headfake, to keep from showing the obvious? Ive seen it done before.,.. I just do not know much about CCF. But wow, if they were selling, seems that is kind of stupid on their part now after what the stock did Friday. Im shocked it was on only 95k volume though. Maybe I have misjudged low liquidity stocks in the past, seems those are the ones making the money these days.
There are plenty of stocks for earnings season, and a nice one to play is SPRD. Here is the write up on them. I might pick some up closer to earnings week ahead.
Spreadtrum Communications Inc. (SPRD 9.01, +0.17, +1.92%) designs and markets communications chips for the red-hot wireless telecom market. The company's semiconductors, which are compatible with a range of international wireless standards, are sold to manufacturers of cell phones, who then incorporate them into their products. Spreadtrum sells directly to customers in China through a subsidiary in Shanghai, while its U.S. operations focus on administration and research and development efforts. Nearly all of the company's customers are in China.
Spreadtrum's growth has been fueled by excellent first-quarter financial results. The company's profit was $8.7 million, or 17 cents per share, up from last year's loss of $8.3 million, or 19 cents a share. Analysts had expected the company to post earnings of 4 cents, so the announcement came as a 325% earnings surprise. Total sales for the company increased 23% quarter-over-quarter and 534% year-over-year to $52.1 million, exceeding Spreadtrum's previous guidance of between $40 million and $43 million. Analysts are predicting strong growth for the company in the quarters ahead, saying its sales will increase 305% and its earnings will grow by 170%, so the sky is the limit for this semiconductor pick. Spreadtrum will release its second-quarter earnings on Aug. 16. Analyst consensus estimates are for earnings of 23 cents per share.
I hear ya... with some nice PRs in the pipeline soon, I am sure this one will start to move again.
actually, last week was the first week we had 4 straight days of green after Monday. But you are right, if referring to the penny market. Most all of the stocks on my watch list were red, except BTN and my PRGN. I personally own too many stocks right now, and I will be looking to taking some profits on my penny stocks next week... Next week is going to be a pretty big week for news in the penny arena. I hold about 10 mil shares of ARTS right at the bottom, some at 0003 and 0004.. last Friday, the volume on ARTS went crazy, and the stock was up 50%, which is not saying much for a triple 0 stock. Anyways, Im looking forward to a very good week next week $$
Btw, I like your Robert Pardo pic below
VRGY check out the chart, and then check out Fridays volume. Maybe insider buying, expecting a huge move next week ? I would definitely keep this one on the radar. That is, if anybody here plays the low priced big boards. Happy Trading
VRGY looks like insiders loading up on this one, or something of that sort. Might not be nothing, but when a big board makes this kind of increased volume, and little price movement, normally means something is up. Will see what happens next week.
This is why I mix in some big boards with great charts like BTN, and catching low priced big board stock in a reversal such as PRGN. Adding a few of these during a dried up volume in the penny arena can really off set the hurt. The problem is, alot of people who do the penny arena, do not have the funds to play the big boards. Grant it, some do, and continue to make money.
That said, look at ARTS. There is still money to be made in pennies
I personally do not think the bottom is going to fall out. But ya, we might see a pullback to 7.40 level imo, if we have one. I guess that could mean a bottom falling out. Just not so sure with all the good news we have had on this company. All we can do is wait, and even though I am a technical kinda guy with charts, I am an investor in this baby :) Will see what Monday holds. And I know what you mean about freeing up funds.. Ive had to do that dance many times in the past :)
rat2k10,I certainly could have not said it better myself.
I was planning on waiting for a small pullback to add another 2k shares. I really want to add some more. Will see if there is any kind of pullback on Monday. But I am not so sure we will see one then.
Well, I only own 5 mil shares at 0002, so I am not even close to being worried what these guys plan to do. I have only had bad luck with forward splits, not reverse. CMSI is a prime example, as ever since that stock did the 10 for 1 forward split, its tanked hard core, and took all its shareholders with it. What a disaster that was. I cannot imagine that I would take that same kind of beating, should VTPI do a R/S, especially at the price most of us are in at.
therealliontamer, yup, you are exactly right. Way way too many one day rallies as of late, and not very many sustained reversals. Its like all the reversals I have seen are fake. Except on my big boards. They have all stuck well when they reversed. Its the dawgone penny arena that keeps head faking. Guess thats why it is a whole different world over on the dark side, the penny world.
Have a great weekend.
Oh Im not going to. I will filter out half of my shares slowly when the time is right, and I will hold the rest all the way up to, or past .02
All in all its been a dandy day, and a great week for my PRGN and BTN stocks as well. Time to have some fun this weekend.
I think the shareholders are not of their primary concern. They have a business to run, and a business to promote, and they are doing a pretty darn good job. This company is a different kind of penny stock, and has a real TV exposure, real advertisements, real people, and a real product, as we have all seen. Their job is to get the job done, and not worry about shareholders who try to day trade and flip this stock, and who have lost money. No, I believe we are their secondary concern, which is right where it should be. 1st priority is to build, and promote their company.
No, Im not screaming it.. What I am saying, is look at the chart. It is a beautiful site :)
well, I doubled down in the 4s, so I am quite green now. Soon as I make my certain set amount, I too will start dishing out shares :)
That is most certainly worth the wait. Ive had to wait 6 months sometimes alot longer, but definitely right... With me its always worth the wait.
Yup, I agree with ya. Few bumps in the road, and we are on our way to some bags of gold. I am already up nicely, but no plans to sell just yet, actually not for awhile anyways.
Have a great weekend mastertrader!
Where are all the Arts bashers now? This is one pretty chart
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No worries here. Looking forward to it, whenever it comes.
Why 0 volume today ? Did they halt the stock from trading or something LOLOL
The problem is, most of the people here are teenagers or young kids,and what comes with age, comes 0 patience. You can always tell the young ones.
You will look really bad. All the crap you have been spouting off if false, and everybody knows it. Just going to make you look really bad
I guess you have bad eye sight too ? Wow, that must be awful
If thats the case, move on to another stock, and quit complaining. But if you read todays PR, they are going to have multiple spokespeople down the road, not just one range of music spokesperson.
When you are making incredible money, $20 to make $5000, or $20 to make $2500 (BTN is great example) it really does not bother me at all. I dont pay $20 however. I get a special rate with etrade
You obviously cannot read the charts whatsoever. The stock is in a new uptrend. That means higher lows, and higher highs. Are you that naive ?
I dont watch the outstanding shares, I watch the charts, and the technical indicators. And this stock is in a new uptrend. Higher lows, and higher highs. Outstanding shares means nothing to me.
My only concern regarding fundamentals on a penny stock company, is that R/S you keep speaking about, and its NEVER going to happen here with this company.
I had a question posed to me at stockhideout. Why is CSTI, a London MM bidding on ENTI (0018)
Well, we are not up to the 8.50ish yet, but I can tell you, that I am sure you are as happy as I am. Staying above $8 and those cheapie shares I got down near $7 have turned to gold about now. Still holding for $10-$12 area, and maybe even $14s which is what Nancy Zambell believes we will be at before the fall.
Is it not time for you to go to water world or the library or something? Really now, its pretty obviously that #1 you cannot read a chart, and therefore do not understand support and resistance levels. And I am so sorry you have spent all of your allowance for the week, so you have no money for trading with. So right about now, that water park or library is looking pretty good for you. Run along now.
Welcome :) But ya, he is already trying to dance around the fact of the matter. Thats ok, because it truly does make him look foolish. Who knows, maybe he is some kind of wannabe comedian? It is "sort of" amusing though.
Dont change the subject. What are you going to say when there is NO R/S ??????? You have 0 facts