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Price targets are for suckers. Not being a jerk, but that's what I think. Make your own price target and stick to it.
Um... I'm a scotch man myself, but I see no problem with you playing the field haha.
I like the SA pump. I'm trying to get 20-30% off this ticker this week... swing trade. It's bad to fall in love with a ticker. It's worse to fall in love with a penny ticker.
Get $
Watch list this week:
FREE
GURE
INO
LEDS
MCZ
RNN
ROX
I'm looking to enter the strongest 2-4 of these on Monday for a 2-4 day swing trade. A 20 - 40% profit would be ideal.
That's hilarious. It looks like it was halted.
IDRA:
Big day yesterday and popping hard pre-market. High YTD was 2.55. I have it on watch.
Grabbed some more FREE @ .69 today. I'll keep flipping it .70 - .80 if it's gonna keep doing that. I think this will bust a dollar eventually but I won't be waiting for that.
Missed a few today, but the few that only a watch list/genie/psychic could've caught (SWVI).
Watching KIOR for a bounce and GSAT for more volume. FREE will break out eventually but $1 will be a problem so I wouldn't buy at .98.
I see a lot of people playing NTEK. Take money and never forget that they have no value. Good play if you had it the last two days though!
That's exactly what I was thinking.
Looking at the 5-yr chart for TAN, it looks like a cup and handle. They say a cup and handle is a strong chart, but you can never tell how far the handle will go. A steady upward trend since December is pretty insane.
As far as our CRRS, I did the same thing with RVLT. It finally had it's day today.
Haha don't worry about me. I've got this one.
Haha they always give him shit. I think if traders would keep an open mind they do much better, more consistently. If you could've only seen the crap he got on the FNMA board back in the day... stupid.
Pretty funny how that worked out eh buddy?
Grabbed some more FREE @ .73. That ticker is like crack... I keep going back haha.
I think I was very lucky CSUN didn't gap down. I picked it up EOD yesterday @ 5.98 and sold @ 6.50 for a small profit. It worked out but I made a stupid play.
All cash right now besides FREE.
Ps, if anyone here is playing FREE, play your way. The FREE board is junk besides legit FREE news posts, Dr Key posts, and current BDI info, which you can check yourself.
ALVR gap up second day in a row. I've been watching that for for a month so I don't know.
%100 in two days
That's what I was thinking too. Either way I don't see myself holding anything over night until next week. I definitely love bounce plays.
Geesh... This is horrible. I blame my country. I may just try to salvage my play and sit in the sidelines for a couple days... Look for some penny promos.
I started following you because I noticed we watch a lot of the same tickers - maybe just the same style.
I ended up buying CSUN eod @ 5.98. I was waiting for it to test 5.66 but it didn't touch. I guess I'll know tomorrow pre market if I made a bad decision. As long as it doesn't gap down and I can put in a stop I'll be fine.
I also added some FREE @ .66 and sold everything at .70 - evened that one out. Done with FREE until shipping gets back in order or it starts running.
Been watching CSUN go up all day and haven't done anything about it. It's tough when the only PT I can find is at 1.99.
Well, guess I shoulda sold FREE in the low 80's. I won't take a loss so I'll add low, average out and get out for now.
I'm keeping watch on ZLCS too. Pure speculation moving it at the moment but I see that as a good thing.
Mostly an SA tout at the moment but it does have an uptrend and moves well. On any given day this could gain or lose 30%. It had a big day Friday so I'd at least wait for a pull back.
I wanted to sell the FREE gap up on Friday. I thought it would open above $1, then I was going to re buy in the low 70's. Unfortunately the pre market high hit .97 then opened at .86. I decided to hold and I bought more .73's... My average.
I wouldn't have done that had I thought + .70 would be support. Next week will be cracking so rather than setting a trail stop or stop loss, I'd rather buy a dip and gage it from there. I've got about $1000 in FREE right now and I think it will close over 1.10 this week.
I expected a bigger sell - off Friday. A .77 close shows strength. I was thinking low .70's. I'm not worried.
On watch for 09/30/13 - 10/04/13
KIOR - has a recent 8.00 pt, had a big day thursday and a bit of a pullback on friday. i'll watch for a monday morning pullback and may pick up eod if it rebounds and/or mid - day if the pullback shows strenth. barchart shows a 60% short term buy.
http://www.tradingday.com/tbs.html?http://www.insidestocks.com/texpert.asp?sym=kior&code=BTDY
GNVC - in the process of a pullback. a three or four day swing may work well with this one. barchart is extremely bullish on this one.
http://www.tradingday.com/tbs.html?http://www.insidestocks.com/texpert.asp?sym=gnvc&code=BTDY
GSAT - upward trend over the last month. SA had a tout on it on sept 15th http://seekingalpha.com/article/1694362-globalstars-fcc-milestone-could-advance-talks-with-amazon and board sentiment seems to be positive. This one is an OTC, so I'm always more cautious. Barcharts is bullish short, mid, long.
http://www.tradingday.com/tbs.html?http://www.insidestocks.com/texpert.asp?sym=gsat&code=BTDY
I'm looking to swing all of these. That's all for now.
Yeah sorry, i meant to say the trades are free if held for 30+ days. If held for less the fees are ridiculous.
This doesn't sound like something I'd like to do at the moment. Thanks a lot.
Dr Key, I was wondering if you had any opinions on ETFs. TD Ameritrade allows them to be bought and sold as long as they're held for 30+ days.
I don't know much about ETF's or if they're even worth the time. I was thinking about putting a thousand bucks in a couple of them and just letting them ride for the year.
As a day trader/swing trader, I just don't see the point of trading ETFs, but I keep reading about them so I figured I'd get a non-mainstream opinion.
You're definitely dialed in this month. I like CPRX as well. I can't touch it while I've got tickers moving 20-50 percent.
I don't mess with sub-pennies either. That is a rare skill that I don't have.
After FREE stops moving I'll have to find a couple new horses. I don't think it has much left... For now. Sell-off at tomorrow's close may get nasty, so I may cash out a.m. and wait til EOD to see how it holds up.
Yeah I sold everything @ .79, .78 was my plan - so that sucked (I'm kind of a perfectionist I think haha). Bought back at .73 when I was sure it would hold. Tomorrow should keep rolling.
But you're right, gains are gains.
I had a ton of stuff on my watch list blowing up, but had no funds to enter.
KIOR was a big one. I was looking for stuff to pawn.
.73 held support. i'm looking for hod close. tomorrow will be nuts.
If it makes you feel better, I'll bet everyone but the insiders did the same thing.
I had that problem with MCZ. I played it fine, luckily, but I could've played it better. Bought at .66, sold at .74, re bought .71, sold .89.
That looks good but it was by accident haha. Hold/add I could of made $200 more.
I'm learning from all of you guys. It's much appreciated. Feels like school with a scholarship.
Nice, good news. I thought I was seeing green. I can't tell the difference yet. Once you've been screwed by your instincts and charts it's hard to trust them again. Still learning.
Thanks for all your help Dr Key.
Shipping News:
02:28 PM EDT, 09/25/2013 (MT Newswires) -- DryShips (DRYS) continues to defy gravity as it gains another 10% on Wednesday to reach yet another 52-week high of $3.99. The entire shipping sector is advancing, with notable gainers including FreeSeas Inc (FREE), Baltic Trading (BALT) and Paragon Shipping (PRGN).
Although DRYS stands out among other dry-bulk carriers, the industry is underpinned by the opening of the Northern Sea Route (NSR), which was previously blocked by ice. Formally known as the Northern Passage, the route runs along the Russian Arctic coast from Murmansk on the Barents Sea, along Siberia, to the Bering Strait and Far East. The entire route lies in Arctic waters and parts are free of ice for only two months per year.
The alternate route runs through the Suez Canal and is nearly twice the distance.
In addition, the decision by the FOMC to keep U.S. stimulus unchanged is bullish for the global economy, and ultimately supportive of shipping stocks as international commerce increases.
The metrics for DRYS are another reason for the meteoric rise in the stock. The price/book ratio of only 0.5 is nearly three times below the industry average while price/sales is less than half of others in this sector. This is compounded by higher rates currently being charged by the shipping industry which are as much as 4x what they were charging for the same period last year. This is evidenced by the advances in the Baltic Dry Index which measures the cost to haul dry freight through the world's oceans.
DRYS last traded at $3.90, with a new 52-week range of $1.46 to $3.99.
FREE traded nearly 4% higher at $0.518, with a 52-week range of $0.17 to $5.80.
BALT is up 6% to $5.31, with its 52-week range at $2.79 to $5.70
PRGN is gaining 8% at $6.19, with a 52-week range of $1.91 to $9.40.
Price: 3.97, Change: +0.36, Percent Change: +1000
http://www.mtnewswires.com © 2013 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
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Shipping News:
02:28 PM EDT, 09/25/2013 (MT Newswires) -- DryShips (DRYS) continues to defy gravity as it gains another 10% on Wednesday to reach yet another 52-week high of $3.99. The entire shipping sector is advancing, with notable gainers including FreeSeas Inc (FREE), Baltic Trading (BALT) and Paragon Shipping (PRGN).
Although DRYS stands out among other dry-bulk carriers, the industry is underpinned by the opening of the Northern Sea Route (NSR), which was previously blocked by ice. Formally known as the Northern Passage, the route runs along the Russian Arctic coast from Murmansk on the Barents Sea, along Siberia, to the Bering Strait and Far East. The entire route lies in Arctic waters and parts are free of ice for only two months per year.
The alternate route runs through the Suez Canal and is nearly twice the distance.
In addition, the decision by the FOMC to keep U.S. stimulus unchanged is bullish for the global economy, and ultimately supportive of shipping stocks as international commerce increases.
The metrics for DRYS are another reason for the meteoric rise in the stock. The price/book ratio of only 0.5 is nearly three times below the industry average while price/sales is less than half of others in this sector. This is compounded by higher rates currently being charged by the shipping industry which are as much as 4x what they were charging for the same period last year. This is evidenced by the advances in the Baltic Dry Index which measures the cost to haul dry freight through the world's oceans.
DRYS last traded at $3.90, with a new 52-week range of $1.46 to $3.99.
FREE traded nearly 4% higher at $0.518, with a 52-week range of $0.17 to $5.80.
BALT is up 6% to $5.31, with its 52-week range at $2.79 to $5.70
PRGN is gaining 8% at $6.19, with a 52-week range of $1.91 to $9.40.
Price: 3.97, Change: +0.36, Percent Change: +1000
http://www.mtnewswires.com © 2013 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
Still only playing FREE and it finally neared .60. Everyone's been saying it's over bought, but I don't see that. The .50 was a strong resistance, both mental and technical, and it's now a strong support. I see real support in the upper 50's.
I expect a gap up tomorrow. I've been holding the gaps and dips thus far, but tomorrow I'll sell half on the gap and add on the second dip, then wait til EOD to see how it plays out. If it closes well I'll add more. If it doesn't I'll just hold what I have and add the first dip on Friday.
As I see it, .50 is the past so adding anywhere near that is a great add - again, as long as the BDI is positive. BDI/DRYS matter.
My new PT for a swing in FREE is .78, where I will sell and re buy on a dip. I think .61 -.63 will become a support and .80 will be tough to break.
today deserves the 10 minute version
No we don't know how to read charts. We just guess. It's more fun.
FREE is being a wuss right now. I think it will go like yesterday, later.
Should test .60 so I'll just hold and add the first dip. BDI up DRYS up.
Haha I know. I'm just messing with you. I've cashed in and out of FREE a few times. I'm pretty big on it. My first position was @ .19. I'm at a .46 average or so now. It gaps a little every morning and then dips, I know that. I know there's room left. Based on my bank though, it's better for me to just hold and swing... Add dips. If I had the bank I'd be scalping the hell out if that thing.
One of my neighbors (I live in a loft in LA) makes algorithms for a hedge fund. He hates us (day traders). I told him day traders don't affect the intrinsic value of a stock. He still hates us.
I wish. I see resistance @ .61 and mind resistance still sitting @ .50. Also, heavy support @ .43/light support @ .46ish.
I'd rather you be right and I be wrong. At the same time, if this busts through .61 - no problemo.