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Covered at 9.30. Now that is 700 bucks in two days so not too shabby.
Who said I do not post anything of value? Look at GOAM.
Sorry about not posting anything of value lately. I am recovering from a good azz whipping at the hands of USC. I did recover some by playing the over 24 and 1/2 in the second half. MWC you did warn me and I thank you.
MWC I expected the downdraft that we are now having and have been looking for stocks that have a lot of air pumped into them. I do not like to play the short side because the short players are much smarter than the long players. They short and cover and sometimes play the long side as well. In a stock like GOAM you can sometimes catch both a short trade and a long one on the same day. I shorted twice today at around 10.00 and lost a nice profit by not paying attention. It will test the low of 9.50 tomorrow and I will cover and might even go long at that point. If you can make a few hundred dollars a day it beats working for a living.
Put in another short at 10.01 on GOAM.
I was in the bathroom and missed the exit. I will be watching around 9.50 for the next exit. This stock has a lot of traders so be nimble.
GOAM trying to rally with no volume I am going in right now on the dark side.
I am looking at GOAM which seems to have topped out.
I am out of all my trading positions on the long side. Does anyone mind if I post up some of my plays on the dark side?
An old favorite that I have made a lot of money on is moving very strong lately. Put CYGX on your watch list.
I am out also but I got two cents more. It did not make a new high this morning so out she goes.
So far I have played VNWI just about perfectly. It looks now like they will set up a bell run and give traders something to think about going into next week. Congrats to all who played WNWI.
I think Auburn is the best team in the country. The Pac 10 is over rated and I am loading up on Oklahoma.
Should be fun today. I put everything I had on the BEAVERS and have been smiling from ear to ear. I do not try to play all the games but I did hit Texas TEch last nite.
VNWI bid .92 looks like we get our run. Good luck and good trading.
Linda people like it because they have a lot of cash and the CEO has been buying at .74. If it holds around .78 and breaks above .86 I think it will run. My average is .79 so I like my position.
All of my buy indicators are line up for VNWI. The stock is trending up. Volume strong and chart looks as good as any I have seen lately.
Out for a .03 cent gain. I have never seen them take away my profit so fast. I do not like the market now.
In TAGS for a quick ride.
I will be too busy with football investing during the next week or so to follow stocks. I have only one trade on the books right now so I have a lot of money to invest in bowl games. I plan to put the maximum allowed on Oklahoma plus the points. That is 5000 dollars. This is the time of the year when there will be a winner or a loser. I knocked the Man out last year but he is putting up one hell of a fight this year.
Same to you and all that participate in this board.
We always here about the famous short squeezes that the amateurs always talk about. The professional short players that I know play the down side just like we play the long side. They short and cover over and over again and do not have a static position. I agree they are smarter than the longs and I do respect their ability to take a stock down. I still do not see the top in the market but then I usually never do until they have me strung up like a side of beef.
Been There and all. I am also an instinct player. Certain conditions and human nature are my keys. For example: If it is obvious it is obviously wrong. It looks obvious now that it is safe to go into the market. It looked like suicide to go in October. I am trying to figure out what the guys are seeing in the TA and have spotted a few things but the volume and the charts still are my best friends. Happy holiday to all and thank you again Mac for the hard work involved in keeping this place a pleasant and rewarding place to do business.
My thoughts on the action or lack thereof. I have been selling out most of my positions and I think when the shorts have been forced to cover the rally is over. It might take another month and we will still get some nice moves because the best moves happen late in a bull rally. I think that someday soon the lights go out and the party is over on the bull side. I am going to hold my position in TRBY because of the limited downside and the potentially explosive upside.
Took another bite of VNWI volume up--insiders buying-- I love it here.
Upon further review I will probably dump out of ITER in the morning because I found a big pump and dump promoter behind this one. When ever I find a pay for pump operation I walk away. At least I found it before I took a bath.
A few items on ITER
ITER Clients include Johnson and Johnson, Pfizer, Novartis, Bristol Myers, Glaxo Smith Kline, Schering Plough, Amgen and Genentech.
Annualized revenues 12.9 million
Low market cap of around 10 million
Check www.iteinternational.com
I assume the wash out was concerning the dilution mentioned in your post.
I am buying ITER. They help big biotech and drug companies get through the approval process. This one is a no brainer because it makes money whether its client's drugs ever make it to market. We have had a high volume down spike and now sky is the limit. I would say maybe 50.00 a share.
I agree with Mr. Dawg that groups of stocks seem to have their turn and the NAZ NMS stocks in the .50 to 2.00 range have been the big runners lately. The NAZ BB stocks have been quiet and I think their turn is coming.
Read the previous message carefully an then think about your holdings. The big picture--I called the November-December rally and have been all in. Take a nice profit--You all have seen me take profit over the last few days even on TRBY on a fear trade. Fighting the tape-- trying to make chicken pie out of chicken shitz. You also saw me do that on CORR. Bottom line is I have made money by making more good trades than bad ones.. The reason I like TRBY so much is that it has never had a real buying panic and even though many holders are bagholders they see the big picture and are willing to wait for the real move.
from a good friend
10 Crippling Mistakes Traders Make
Thursday December 16, 12:00 pm ET
By Alan Farley, RealMoney
New traders hope that one day they'll jump out of bed and everything will be perfect. In that idyllic world, they'll never make a trading mistake and each position will be a big winner. Of course, nothing could be further from the truth in the real markets.
Even the most successful traders make costly mistakes constantly. After all, it's just part of the game we've decided to play. Traders are forced to make hundreds of critical decisions every day. Inevitably, many of them turn out to be complete bummers.
All of us have thrown away fortunes over the years because of mental errors. These gaffes run the gamut from cerebral lapses to misguided opinions. Not surprisingly, the most common mistakes cause the most damage. For example, how much money did you lose chasing the upside during the bear market?
Trading mistakes can't be eliminated, but we can reduce their negative influence. Start by listening to the little voice in your head. Let it question every decision you make. Soon you'll find a dozen ways you're losing money for no reason.
I've compiled a list of 10 onerous trading mistakes. This confessional comes from my own experience. Yes, I admit falling prey to every one of these from time to time.
Fighting Mr. Market. There's nothing worse than trading a trend in a choppy market or sideways choppiness in a trending market. Make sure you know which one you're jumping into before hitting the enter button.
Loving the bad. It's hard to admit it when we're wrong. Rather than cutting losses, we try desperately to transform our worst trades from lemons into lemonade. Sooner or later we find out how easy it is to turn a small loss into an absolute disaster.
Hating the good. Sometimes we know it's a great trade, but only at the subconscious level. For some reason, we can't handle our good fortune and jump out with a small profit. Minutes later it takes off like a rocket ship without us on board.
Arriving before the show. Seeing a trade is not the same thing as actually trading it. Bad timing forces us into many positions that aren't ready to move. Then we get bored and give up just before they do exactly what we expected them to in the first place.
Arriving after the show. Read this one closely before it shows you how to become a bagholder. Sit on your hands and watch a great trade roll by because you want to see what everyone else does before you act. Then jump in just as all of those folks are ready to get out.
Bull fever. You're sure the market will go up after a rally day, so you jump in with guns blazing the next morning. You've forgotten that markets need to shake out weak hands after a big rally before starting the next move. Guess what? You're one of those weak hands.
Number cramp. You see numbers that don't exist on your trading screen. Worse yet, your fevered brain thinks they're great trades and you start pounding the keyboard to get in. It can take a lot of time to climb out of this mental mineshaft.
Ignoring gravity. We worried too much about gravity in the 1990s. Now we need to pay much closer attention to it. Stocks will go down when they can't find many buyers, regardless of how few sellers are hanging around at the time.
Blind to the big picture.You can get into big trouble by forgetting to step back and check out the landscape. Many stocks have to grind through debris left behind by old selloffs. Every one of those red bars hides losers who want to get out at any cost.
Hooked on polarity. The diabolical market will manipulate your heartstrings at every turn if you let it. Invariably you'll be afraid when it's selling off and downright giddy when it's going up. This means the trade that follows your emotions is likely to be a big mistake.
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For what it is worth MOBL is on my buy list and I see that you just kicked it loose. I love your contributions here and I do not think you are a newbie. My girlfriends all used to tell me that they were first timers too. LOL
Here is the chart I looked at and I sure liked it.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vnwi&sid=0&o_symb=vnwi&f...
He is the best trader in the world. When he pounds I listen.
In vnwi eom
I have been selling like a crazy man today. I sold WAVX at 1.58 on the news jump. I think having a little extra cash at this time is a good idea. The worst feeling in the world is to see a great trade setting up and being impotent to take advantage.
That one was mentioned on one of the boards I monitor last nite. I wrote it down and it is still sitting on my desk. I guess that was the big one I was looking for and did not even realize it.
Mac I know you followed my fear buy on TRBY at .035. I sold that particular buy at .058 today. I never felt comfortable posting those trades on the TRBY board because the people just do not understand. Stocks are a lot like women in my life. When I married them I had the worst periods of my life. When I only date them I have some of the best periods of my life. No offense to the women here because I am sure some of you have had the same experience with men.
Linda are you my friend from by gone days?