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I would love to know what discount-broker Monk uses. Although he might have a personal broker at this point.
Don't ever put a stop on penny stocks. It's the formula for disaster.
Actually I'm going to avoid stop losses for even the big names and instead use TDA "triggers" from now on. That way you don't advertise your stop loss for the entire world to see.
The other day I put a stop loss on LVS while it was comfortably above my newly set stop loss (to aggressively protect profits while I went back to my desk job). LVS continued to climb up very rapidly after I placed my stop. And while the 24 hour line graph never showed LVS dipping even for a second… the 2 minute candle chart showed LVS (almost immediately after placing my stop) dropping 1.5% and jumping right back to where it was. And further more, it dropped to the exact price of my stop. Coincidence? Maybe.
Just to be clear, you're saying you're not impressed with ETrade? Good to know. I was going to possibly try them next. Etrade and interactive brokers (which I still haven't fully understood the pricing structure) were the only two brokers left that I have been planning on try out (I've already tried Tradeking, Scottrade, Zecco, TDA/ThinkOrSwim, etc, etc). Thanks for the advice.
Thanks BDkeg, much appreciated.
What exactly does it mean when Monk says the TA is ungagged? Does this mean the transfer agent can issue dividends or splits without interference (my stab in the dark guess)? I can't find an explanation for that phrase on google.
Although I wonder if my recent ask slap trades have been going through fast because I've been buying in 5,000 or 10,000 blocks?
stocktrade58, sorry for the delay. I'm just catching up on posts after a long work day. But what discount broker are you using that it takes 18 minutes? Just curious. When I have placed orders at or slightly above the ask each day for the last few days, they go through within like 10-15 seconds (still much longer than normal but no 18 minutes). My Tradeking account seems pretty slow, but TD Ameritrade account is relatively snappy.
Yeah, I'm fairly new to the FLD scene. I've been watching from afar for the last few weeks. And I love the concept, the positive teamwork here, and I'm excited to have signed on board. Thanks for the warm welcome.
I'm now in at 40,000 shares averaged around $0.50. I'm going to hold tight through the MM fakeouts until the experts here recommend selling. Cheers.
That makes sense. Thanks cvsnut!
Question,
After the current FLD plays pan out (probably all at once but hopefully one after another), how will the Monk boards ever be able to start another FLD play? Won't the MM community as a whole (only around 2,000+ in the USA) plant spies to follow Monk's every future move?
Will the newsletter need to become a closed loop or invite only? Since I'm new to the scene I honestly don't know how new picks are even released. And would that even help if people are chatting about the future picks on iHub.
Just curious. The MM's are a mystery to me. Although I have been learning a lot on these boards and very much appreciate it! Thanks.
I recently bought 19,525 shares of CDIV between $0.46 and $0.48. I know that's small potatoes, but is there a particular place where we should report how many shares we're currently holding to the FLD team? Or is this the spot? Thanks.
Do I smell a bottom? I hope so. I'm also averaged in at a nasty loss right now, but I'm holding tight and hopefully going to free up some funds to average down soon.
It's official. I bought into the CDIV story today (err yesterday if you're on the east coast).
Two questions,
1) What does it mean when you mark someone? Does that confirm that they're not a bot? Or that you're keeping track of shares? Or are marks like arcade tickets that I can use to buy pixey sticks, bouncy balls, vampire teeth, and finger trap puzzles with? :-P
2) I know this is major grey area. But what kind of PPS (low ball) are we looking for on this squeeze play? I'd like to play by the rules and work with the team. But I'd rather not be the sucker who rides a game changing reversal because I'm looking for pie in the sky profits. What PPS is a good point to start scaling out in your realistic opinions?
Many thanks!
maone15, wow... hotstocks2010 takes your words out of context and twists them in ways I've never seen words twisted. I would love to see his other posts just to laugh at the insanity of it all. Haha. At first I was mildly interested at best. Now it's just amusing, mixed with a lot of annoying.
To all the iHub members asking "what happened to TSHO", "why did it go down if something isn't wrong"? I'm certainly no expert, but here is my take.
I think what happened with TSHO is simple enough. Buyers got a little ahead of themselves. The stock was overpriced at $1.60 and some recognized that. Momentum built up to a rate where it started to blip on a bunch of shorter radars. Enter stage right, TSHO bashers. It also grew to a point where PPS was quite profitable for a lot of the initial investors. Toss in the mystery of the market makers (MM) and you've got yourself the perfect storm.
Smart investors took major profits. Short investors tried to instill fear to help induce a "dump". Long investors got scared and started pulling out one by one. That started a long lasting snowball effect. And now we're sitting with little buying pressure until some major milestones are surpassed and the risk / reward appears more attractive to the vast majority sitting on the sidelines.
Well put tmorro.
I think you made a good play tmj. I typically trade on technicals as well, but I went all fundamentals on this play. And because of my new founded investing techniques, I'm now committed with few options; either sit and wait or average down. It sure would have been nice to sell on top and buy back in at these prices to mitigate some risk.
I personally looked at the Shamwow as an impossible pie in the sky scenario. Like if this product took off and never looked back. The thing is you never know what's going to hit or miss until it gets some facetime. Let's go down ol' history lane:
* Shamwow - This product was around for 20+ years and then some dude renamed it and blammo, a gold mine.
* Snuggie - Have you even seen one of these paper thin pieces of garbage in person? I get the idea but the product is cheap trash. Although the people on the commercials always give me a chuckle while they're having a great time watching a game in the stands with their super trendy snuggies on. So for that Snuggie is good in my book.
* Pet Rock - Seriously?
* George Forman Grill - Another product that was around for some time with limited success. Slap a personality on it and another kingdom was built.
* Chia Pet - Who would of guessed.
I can go on and on. But the point is, I think you have a take a "what if" scenario as just that. It's not something we should count on or expect. Although I admit, sometimes it's all to easy to get those big dollar sign eyes when you think of the possibilities.
In conclusion, I doubt the Ultimate Squeegee will be the next Shamwow. But it's nice to know that this product is actually something that leads it's category in quality, and not just some average junk repackaged in a catchy name (like most of the super hits I listed above).
Stormthuman,
Hmmmm, nothing but crickets.
I can also verify that I got the paid SM recommendation at $0.91. I think that's the case for a vast majority (if not all) of the paid subscribers. I do know of a few people slipped in before $0.90 because they figured out what the pick was before it was even recommended. As for myself I waited before I finished my initial DD and eventually bought in at $0.97 and $0.99. And I'll definitely add to my position if and when the Ship Ahoy land parcel begins construction.
hotstocks2010, I think it's interesting that you signed up for an iHub account simply to submit a few basher posts about TSHO. What exactly is your motivation?
Thanks for the helpful info. Much appreciated!
Ok thanks a lot Maico501, will do.
[Edited] I have some newbie questions, if you don't mind.
1) How come the market makers don't catch on that a FLD group is involved with a particular stock and avoid shorting to create liquidity, to shake people loose, and etc? Are they really that oblivious, arrogant, or dependent on software that doesn't account for such techniques?
2) Does the FLD group continue to hold out for a short squeeze even if the PPS is EXTREMELY overvalued?
3a) Are exit points / target prices predetermined by the FLD group or instead determined by individual investor discretion?
3b) If exit points aren't predetermined by the group, doesn't people exiting early (or people who aren't team players) potentially screw up the short squeeze and the rest of us get caught with our pants down?
3c) As this group gains popularity, are fair-weather traders going to enter the scene and screw up the lock down?
4) Should we set really high limits? Or do people skip setting limits to make it easier for others to short our shares (P.S. I might not know what I'm talking about here)?
5) If I want to get in, I assume it's important for me to buy at the ask only. Or does that only apply once the "lock down" is under way?
6) How do we keep track of how many shares the FLD group is currently holding?
Thanks for taking your valuable time to help a newbie! Take care.
I'm sure you get this a lot. But where is the best place to start learning about this board's investing techniques? I'm very interested in your process. I've been trying to sift through posts on this board. Unfortunately there is a lot of chatter... which is definitely not a bad thing unless you're trying to get to the juicy stuff Also I'd eventually like to try a Monkinar, so no need to suggest one. But for now I'd rather stick to reading on the ol' computer without having to scan through 200,000+ backlogged posts if at all possible. Many thanks!
Thanks! That google link helped me track down the exact location. I found the plot and drew it out (roughly) on scribble maps for everyone. If you don't see the map right away, give it a second to load:
http://www.scribblemaps.com/#id=MkpaNjNRuM
I've got to assume that little building near the endpoint you posted (in post #464) is the power station. The other "building" directly south of that is a confirmed AMT cell phone tower.
Cheers.
I don't understand why people accuse Skymark of being a pump and dump. They have had 5 picks on record.
DPW - closed today at $1.25
SPNG - which fooled a lot of people, yet still closed at $0.043 above their initial recommendation
SIRI - closed today at $1.10
JAZZ - closed today at $10.33
TSHO - which they never recommended anyone to sell and continue to recommend even after it "dumped"
And IMO there is no way you can declare TSHO as played out until it has a chance to prove it's success or failure in the next few quarters, even though I agree the PPS sucks right now.
So where is the pump and dump exactly?
The Coconino Country Assessors's office verified the parcel's existence (and it's empty status) for me as well. Although I'm still trying to hunt down the exact location. Based on the hints provided in PR's, it should be approximately around the endpoint of the google map link posted below (see point B). Google also has a picture of the surrounding land available if you'd like to get a feel for the general area (click on More => Photos). I'll post more if and when I figure out the exact location. Cheers.
http://maps.google.com/maps?f=d&source=s_d&saddr=Flagstaff,+AZ&daddr=35.128868,-111.183722&geocode=FXMUGQIdOFZY-SkxJi7a944thzEAs9vOoTwfjg%3B&hl=en&mra=dme&mrcr=0&mrsp=1&sz=17&sll=35.128921,-111.18398&sspn=0.006985,0.008047&ie=UTF8&t=h&z=17
A research company with a large subscriber base can't possibly release a pick to all it's subscribers at the same time without dire consequenses... No matter if the pick was destine for greatness or not.
I wouldn't call Skymark a pyramid scheme. In my opinion they try to pick solid investments and then stagger the recommendations so the PPS doesn't massively spike and then crash and die.
ryanmnly, do you feel like you have Monk's float lock strategy figured out? I'm trying to wrap my brain around this but there is so much fluff on the Monk Den board, it's kind of difficult to sift through. I'm going to continue sifting, but I'd like to hear your thoughts if you don't mind. Regards.
Cheryl Bame (PBEC's public relations rep) recently emailed me to inform that they finished contacting all of the major financial companies regarding outdated PBEC company descriptions; Cheryl requested that the financial companies display an up-to-date company description for PBEC. I for one will be glad to see the old shell company (travel agency) description removed. It was somewhat confusing.
I appreciate your insight maone15.
I agree, owning a business has definitely helped me grow as an investor. But I still have a lot to learn. Your advice and recommendations will help us rookies wade past some of the garbage out there and get right into the good stuff. Many thanks!
As a comparison. In October 2009, DeSoto Next Generation Solar Energy Center completed the largest (at the time of completion) solar photovoltaic facility in the US. The 25 MW facility was built on 180 acres of land and is projected to produce an average of 42,000 MW-h of electricity per year.
I was looking over this information again and realized I posted an incorrect statement.