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You answered your own question very well. Thank you.
I was thinking of trying to day trade it. My football season is over pretty much and I need a new game. I will post it up if I go in.
How is this for a chart? Think we may have some shorts here that might be forced to cover? And they thought they would never have to cover.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=lvsg&sid=0&o_symb=lvsg&f...
Mac I was looking for the curve ball because it was looking too obvious. In this business if it looks obvious it is obviously wrong. The fast ball comes next right under the chin. That is when I go in because I am convinced the boys are going to take it up but had to throw a slow cure followed by a high inside fast ball to fake out the little leaguers. I have seen it all before.
I just put in an order way under the market on EAG. If I get filled it could be fun.
Mac I might just be interested in buying EAG again if the rookies bail and run in the first hour tomorrow.
EAG taking a real good dump in after hours. You sure pulled the plug in time on that one.
Thank you again. I will wait for the climax selling which will probably commense very soon. It is awful hard for us poor old geezers to learn this game.
OK guys teach me some TA. I am going to watch PACT tomorrow and see if it can make a new low on this swing. If it does all bets are off. If it can not make a new low and has a higher close than today I am in. What is wrong with my thinking?
Linda I have learned that you can not time that one. I just buy low and sell high. The shares I bought in the thirties are approaching a double.
All of my BB stocks are starting to dance a little except TRBY of course. The BB stocks corrected long ago and with any kind of market advance they just might get jiggy.
Looks like my old ERHC is fixin to break out.
Reminds me of an old farmer joke since I am a farmer among other things. The old farmer went to his lawyer and said I want to sue the bastard. The lawyer told him he had to have grounds. The reply was "you betcha I got 160 acres."
But do we have the volume to break out? I think we do.
I post up a few winners and now I am a guru. Heaven forbid!!!
When GTEL gets listed on AMEX we are talking dollars not pennies. BB stocks get no respect for good reason. I am going to hold this one because I thought enough of it to trade it in my IRA.
Word of caution to options players. You better watch for the exit closely because you often get only one or two chances to get out with a nice profit. If you linger you get the finger.!!!
When GTEL runs it runs hard. I played that one before and it is hard to get in because of a very large spread when on fire.
Somebody dump cold water on me I am trading like a wild man.!!
In SWME EOM.
About 5.00 maybe 10.00
Business Wire - January 18, 2005 11:33
MIAMI, Jan 18, 2005 (BUSINESS WIRE) -- GlobeTel Communications CorGlobeTel Signs Letter of Intent with NASA p. (OTCBB:GTEL) today announced that the company has signed a Letter of Intent (LOI) with the National Aeronautics and Space Administration (NASA). The agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California positions the company for future governmental partnerships and business development ventures.
The LOI will create a framework for creation of a Space Act agreement between GTEL, the developer and provider of the Stratellite, a High Altitude Platform (HAP) Airship, and NASA Dryden Research Center.
The parties also envision that the agreement will employ provisions for joint advocacy and proposal development efforts in the pursuit of future new business opportunities of mutual benefit.
The agreement will provide NASA and other agencies the access to the Stratellite for the installation, integration, and deployment of NASA sponsored sensors and other projects. Under the proposed agreement, other government agencies may, in cooperation with NASA Dryden, utilize the Stratellite for their projects and requirements.
Timothy Huff, CEO of GTEL, stated, "It is a great honor to be working with an organization such as NASA. The Space Act agreement will give GTEL access to additional capable personnel and technology, accelerating the growth of both GTEL and our wholly-owned subsidiary, Sanswire Networks LLC, and take advantage of the opportunity that lies ahead of us."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
For more information, please go to http://www.sanswire.com or http://www.globetel.net .
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast", "project
Ok I am a believer. I am going in GTEL and I am going in big. EOM
You are welcome. I did not get quite the percent gain you did but you played it perfectly. Congratulations!!!!
Mac I think there is a lot of short covering to be done and if I was long the stock instead of playing calls I would hold for a while.
With calls you sell into the buying burst so I am now out.
Mac were you paying attention this morning on KKD?
I have some kkd calls and it looks like they run her today.
On PACT: Notice it is backing down on weak selling pressure and the 50 per cent retrace is about now.
I am not much in the buying mode right now but you have to work and build up a watch list during these quiet periods. I like a little of what this guy is saying so if anyone has an opinion on PACT which he likes I would like feedback.
Beef up investing diet with microcaps
Commentary: Make sure your investment plans fit you
By Kevin Kennedy, Coolcat Explosive Small Cap Growth Stock Report
Last Update: 3:23 PM ET Jan. 10, 2005
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FRESNO, Calif. (Coolcat) -- So you've signed up for the gym and are eating plenty of veggies, but does your New Year's resolution list include improving your investing habits as well?
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If so, you've probably loaded up on the plethora of "How to Invest in 2005" magazines currently packing the racks and may be busy sifting through promises of 10-baggers from spammers. You may have even bought some investing books or subscribed to a newsletter that made the most recent Hulbert Honor Roll, all in the hopes of finding that one magic stock pick that will turn it around for you.
I've previously weighed in on this topic of developing an investment plan, where I offered the following questions I feel need to be answered as you craft an approach: See story.
What is your experience?
How much money do you have?
How much time do you have to devote to trading/investing?
What are your expectations, and are they realistic?
How many stocks will you hold when fully invested?
What kind of stocks will you buy?
When will you buy them?
When will you sell them to take a profit?
When will you sell them to take a loss?
How will general market conditions influence your buying and selling decisions?
I still view this list as a good starting point. The main point of these questions is that each investor is unique and must develop an approach that works for them.
Some investors like the high-wire act that comes with owning small companies that typically soar or plunge more readily their larger counterparts. Others get nervous when a stock they have bought drops 5 percent to 10 percent in price. Your plan has to reflect who you are, not what some guy in a slick suit in the financial media tells you is the right thing to do.
Many investors never ask themselves these type of questions or aim for an organized effort to manage their investments. They rotate from guru to guru or from one hot stock tip to another, looking for a quick fix. They don't want to do the hard work.
A lot of people ask me what my favorite stock is at the moment. I suppose this is because that will make it a "can't miss" pick. The truth is that no matter what your approach is, you probably will get it wrong at least half the time.
The key is not to put all your eggs into one basket hoping you will hit it big, but to diversify into a number of smaller baskets so that no one stock makes you or breaks you. Then make sure you follow a selling discipline that keeps your losses in check when you are wrong while still giving some of your better picks enough room to truly blossom.
Another key for me is to go small. While the Nasdaq ($COMPQ: news, chart, profile) remains far below its March 2000 bubble peak, the Russell 2000 (RUT: news, chart, profile), which tracks the smallest 2,000 of the largest 3,000 stocks, is making all-time highs and has beaten the large-cap Russell 1000 (RUI: news, chart, profile) six years in a row.
Performing even better and also making new all-time highs is the Wilshire Micro-Cap Index. It tracks smaller stocks than the Russell 2000, drawing its results from the smallest 2,500 stocks in the Wilshire 5,000.
Now Russell is seeing the light and will introduce the Russell Microcap Index in June 2005. It will track the bottom half of the largest 4,000 stocks, focusing on stocks with market capitalizations of $55 million-$500 million.
Why go small? Well, if you are looking for your share of the top-performing stocks, that's where you have to go find them. According to Yahoo Finance's stock screener, 221 of 294 stocks which are up 200 percent or more in the past 12 months have market capitalizations of less than $100 million. About two-thirds of the rest of these high-flyers have market caps of $100 million-500 million.
Caveat emptor: there's a lot of risk at the bottom of the market as well. Of 390 stocks that have lost 75 percent or more in the past year, 382 have market caps of $100 million or less. All but 24 of these are Bulletin Board or Pink Sheet stocks, and you can eliminate a lot of risk by avoiding these lower-class stocks.
In the Coolcat Explosive Small Cap Growth Stock Report, I focus on these smaller companies while also offering an approach that tries to address the questions above. I restrict the newsletter's stock listings to strong-performing companies on the Nasdaq or Nasdaq Small Cap Market which are priced below $15 and meet other criteria.
I attempt to downsize my risk by limiting my maximum position size to 4 percent to 6 percent of my total holdings. I also try to focus my buying in the newsletter's model portfolios to stocks which are pulling back in price. I use sell stops when a stock goes eight to nine weeks without a new high just below the low of that period, and I try to take partial profits when a stock doubles.
Some stocks which have recently made my screens and have pulled back to decent price levels include:
Bitstream (BITS: news, chart, profile), which focuses on font, browsing, e-commerce and publishing technology; buy below $2.60.
Immucell (ICCC: news, chart, profile), a biotech company developing animal health products; buy below $5.50.
LMI Aerospace (LMIA: news, chart, profile), which provides components to the aerospace, defense and technology industries; buy below $4.75.
MediaBay (MBAY: news, chart, profile), which markets audiobooks and old-time radio shows; buy below $1.35.
PacificNet (PACT: news, chart, profile), which provides outsourcing of call center, telemarketing and other services and solutions in China; buy below $8.
I like the looks of these, but anything can happen, and I'll use the rules spelled out above to try to prune the mistakes and ride the winners.
The bottom line: while you confine yourself to the salad bar to shed a few excess pounds, you might also want to slim down the size of your stocks if you want to improve your investing results in 2005.
But that's just my take. Make sure your investing diet fits who you are, not what someone else tells you.
Kevin Kennedy, a veteran of 20 years in newspaper journalism and the former mayor of his hometown, publishes the Coolcat Explosive Small Cap Growth Stock Report and the Coolcat Total Market Report. Kennedy has no personal positions in any of the stocks mentioned in this report. (coolcatreport.com)
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One line in the previous post was in jest. I am sure you all know which line that was. My girl friend saw me working on my DD and called me an old pig. I guess I will never be good with women.
Excellent posts. Avoid mean spirited people. I try to ignore the know it all poster who is an expert on everything. I made a lot of money this week using other peoples's thoughts and ideas but when it came time to trade they were my ideas and only mine. Experience and the discipline and courage that I have learned gambling have made the difference for me. If you watched my trades this week I went opposite the herd all week. Raging Bull is a classic example of what not to do to be a successful trader. I was in the same trade as Tim but I did not even know it until Mac pointed it out. My son and some of his cop friends make some of my trades but they understand that when they pull the trigger they have no one to congratulate or get angry with after THEY pull the trigger because it is then their trade. I get a lot of ideas from friends on various boards including this one. Just because I give up on a trade like I did in EAG should not in any way impact on what you should do. No one followed me which shows that we have battle tested traders here. We also do not have people telling you how stupid you are for liking a certain stock. Tim told me he did not like my SHGY even though my DD was beyond reproach. He did not tell me how stupid I was for liking it at these levels. I hope you see why I like this board so much.
Do you mind if I spam SHGY on your board? I tried to get a little SHGY but the spread was too wide. If the spread is tight I will go in for sure.
Mac wants us to do a little DD before we put up a stock. Well here is what I found on SHGY. Enjoyhttp://mysite.verizon.net/philsackett/temp/hypno.html
Linda I closed out all long positions in my trading account. I still have April 65 puts on apple. They are free after our great week in Apple. As long as my bias is on the dark side I sleep better being mostly in cash. I still have a large long position in TRBY in my IRA because most of the BB stocks have already had their massacre. I think the DOW massacre will signal the end on the down side. When the DOW walks alone on the upside watch out below.
I hear you and thank you. I lost my beautiful home on five acres. So you can see that I have been to war and have the scars to prove it. Some of the players here probably think I am a wild man but I am only playing peanuts now compared to the old days. I ended up with a nervous breakdown and landed up in the mental hospital. I admire these young guys that read Mac's admonition on his board to conserve capital by having strict rules about saving capital. The road to wealth has many carcasses of dead traders laying along the road. They let their losses go over ten percent and played margin to the hilt.
I have an old friend who is very rich. He is also very bullish on Apple. One of the few techies with great fundamentals. I still think the profit takers will take it down but if you have staying power it should work out. I do not use margin because I do not want anyone giving me margin calls and I do not want anyone selling for me. When I was younger I was playing pork bellies and almost ended up with a train load in my front yard. I think you are wise to sell out the dead wood because cash will be king when the real bargains appear.
I just realized why I like SHGY so much. When I worked for the air force I always tried to go to England. They had a lot of SHGY there and it was wonderful.
Have you ever just bought a stock for the heck of it? I am going to start buying SHGY cause when the boys run that one they run it hard. I was going to stay away from the long side but the gambler in me says go for it on this one. I made so much money this week I might as well spend it on a fun project. Maybe I get shgytosis but it will not kill me.
Out AERTA 1.82. Made a few pennies.
I think I stopped it dead in its tracks. I hope it runs to a buck for you guys but I would not bet on it.