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Hmm… ¾ of yesterday’s volume was shorted shares - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50840376&txt2find=igsm while ½ of today’s volume was shorted shares - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50840463&txt2find=igsm
Seems the upside potential of IGSM just keep increasing and goes to show how tight the shares here have gotten, the float seems almost locked down.
Spelling has never been my strong suit, I never would have guessed that one.
What the heck??? Don’t tell me someone painted the only .0013 trade today with 20,000 shares to close this off at .0013????
Not sure on the spelling of this but my guess is they were using a wege board.
IGSM Chart -
I am still a huge fan of this one. Day two consolidation here is about over, often the number of consolidation days involved with a stock like this that keeps climbing up like I think it will. Big name aliases have continued to back this one for a couple weeks now through the recent moves up and down as they look to push this one into penny land.
I just don't have a good feeling on the DOW chart right now, last week I thought we were talking bottom or very close but right now I am thinking it is about to make another leg down. Any other thoughts out there for the sake of conversation?
I think you will do just fine with that one. :)
You want to flip for her... lol
It must be my swagger when I walk that catches your eye. lol
BGP - Not that it can't go up if it does not qualify in my system picks today but one oscillator is out of line right now and needs the stock to close near the low of the day to get it where it needs to be. In addition, the volume here is going to need to close off a bit higher than it is right now, that will probably happen since there is still two hours of trading left.
Brad
joanneg, it has been a while since our paths have crossed. Good to see you my old friend.
Brad
It is very close to being one of my system picks but will have to see how it continues to trade.
Maybe not too crazy, the huge volume on the drop yesterday works in your favor of the odds of a short term pop today or tomorrow.
Brad
IKTO - Pull back coming, target .005 - .006 for buy. As long as OBV stays above the resistance / support line I taught everyone to drawl then hold but if OBV goes south of the line then dump it. The chart on this stock has some good features but it is not real clear yet which direction it is going to go, it may not play nicely with pincher rules.
Sounds like good advice for everyone.
If you have my luck then it will shoot up 200% now by the end of the week. On a serious note, I am sorry it did not work out for you.
I see a little green on the DOW this morning, that can only be a good thing. :)
Top of the morning guys!!!
You are absolutely right in that thinking, my system proves that as well. The system average 4% on all closed positions in May despite one heck of a sell off in the market during that month. They system is designed to not bee greedy but to work with small compounded gains.
BMiles System Scan and Results -
System closed 0 position today while opening 1 new position. New position today is NUBL. System did not do too bad during May considering the market crashed and most everyone was loosing money but the system still posted an average gain of 4% in the green on all closed May positions. :)
Below is a list I will post daily of stocks from my scans and their performance for up to the past 30 trading days. Stock prices are based on EOD buy and sells. I work for a living so sometimes it is difficult for me to post during trading hours but as I can I will keep everyone updated on any scan picks during the day. Even if I can't give a heads up during the day, it will often be possible to get the same price or better at the open on the following day for those interested in trading any of my scan picks.
These picks are not home run picks by design but instead designed to be small short term consistent compounded gains with an average profit of better than 3%, average hold time of less than 5.11 days, and an accuracy of 74% winning picks or better. These numbers come from back testing this scans against a data base of over 900 stocks I collected dating from 1996 – June 2009. Not every pick is a winning pick but winning picks will average better than 74% over time. Exits are determined by criteria that was used for the back testing. Often times the system will exit too early and leave money on the table but over time the gains are greater this way.
One may ask why I am looking for an average of only 3% per trade. The answer is quite simple, compounded gains add up quickly. For example, if a person started with only $1,000 and had to pay $9.99 to get in a stock and $9.99 to get out then it would only take that person 272 trades to break $1,000,000. If they started with $3,000 then it would only take 206 trades. How many trades do you make a year??? Compounded gains add up quickly, it is not a race.
This system feeds off sideways trading and pull back in the market. During periods the market is in a bull run then the picks will dry up, that is when you will most often find me playing picks outside my system.
You had some good trades in the last couple weeks, you can't win them all, the best you can do is get as close as you can to winning them all. Cowboy Up!!!!
That is why for the most part I stick with penny stocks at times like this, for the most part they trade the same as they do in a bull or bear market.
IGSM - Remember when the ASK was stacked deep at .0017 and very deep at .002? Nothing left on the ASK side anymore, most all shares have been accumulated. 1 MM at .0015 and 1 MM at .0018 then nothing tell .0027. This one is ready to fly this week. This one is going to surprise a lot of people here when it takes off without them.
Brad
Top of the morning to everyone!!!