Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have studied the market for more years and more hours than most on this board have been alive. Experience in the game is really the only friend on your side. My experience with down gappers is very user friendly. You find them and start buying them and wait for the dust to settle and they usually move up. The other thing I have learned is to play my own game. I think we are now in the next up cycle on TRBY and today looks a lot like a good double bottom is in. I have been sick as hell and today was the first day out of bed.
Mac I had a great weekend. I went up 1800 early and put most of it on Auburn. They had the ball on the three yard line and the coach refused to rub the salt in and I took the hose. On Sunday I loaded up on Buffalo and had a fourth quarter miracle. I have tried poor and I have tried rich.. I prefer rich.
I just had a first in my life as a board poster, My first post to be deleted on any board and it was the Ihub TRBY board. A stock was mentioned over there and the board dictator told everyone only to post about TRBY. I then invited the board members to post them up here with a rationale. I am so tempted to go on Raging Bull and tear that little bleep to shreds that I had to take a chill pill. Sorry but I had to get that off my chest.
Some of us can be found over on MacDad's board and I would love to see our members share trading opportunities over there. We made a lot of money last week sharing trades so just post them up over there with a rationale for the trade. Most of us are underwater here and see no reason to post about how long we can stay alive under water. The pain being applied now is necessary to remove the cancer of excessive bullishness. This phoenix will arise from the ashes if it is more than ash.
Took first bite here at 1.01. Now I am going to go away for the weekend and do some serious football. Have a good week end and see you Monday.
I am still in. EOM
What a week we have had. I put my RCO money on Toledo last nite and doubled it. Sometimes dumb luck beats TA every time. LOL
Hope you are on the ERHC express that one should pass the dollar mark before the 15th of December. I am looking for a buying panic there.
I am going to buy PHYX this morning on volume alert.
Mac and other TRBY players. This is tax loss season and I am thinking that we may get a good high volume down spike to finally put in a good bottom. I am going to free up some cash for that possibility.
I did not try to sell it.
Still holding FNT and went in late on WOLV. I will again buy fear on TRBY if it spikes down.
I do not see any fear on that chart now so I would not touch it. Sure looks like greed to me and I sell greed.
I think ERHC will run hard up to the news on Dec 15. I sold too early on that one too. The market has been so crappy for so long I have been conditioned to take profit and run. If I did not take a 30-50 percent profit I ended up with a nice loss and I hate that.
Keep RCO on the radar for a pullback. It is not done by a long shot. I tried to get cute on that one and trade it like a pro. I am still very much an amateur.
No I am thinking of bailing also. I bought on the increased volume and see no follow through. Sometimes it works and sometimes you get skid marks.
It will probably go much higher but I sold into the run also. Buy and hold players have a different mind set than I do and sometimes they get rewarded big time. Some of the people I know rode that one up to .96 on the last run and rode it all the way down to .28. I think roller coasters are only fun at Disney World. I also sold some PRCS into the run this morning. Please do not think that all my picks will make 30-50 percent a day. That is not possible because the dark side will appear any day and take it away. That is why you must always have dry powder.
In FNT .13 follow the volume to find the gold.
Out RCO at 1.01 EOM
That is a down gapper at work. You can see that if you were in a hurry there was a continued downdraft so my idea is always divide your bet into at least 4 portions. When I really like a down gapper I bleed into a position. When I have a large position to sell I also bleed out so the mms do not create a panic of fear using my large sells as bombs on the pps.
ERHC is a strong buy anytime it goes below .43. It will not be there long. I bought some again down in the mid thirties. It was strictly a gamble when I bought at .08 but I think it is more like an investment now.
I really do appreciate when I get feedback on my plays and if you think it is a real stinker go ahead and state it. As we have seen there are many people following this board and I would sure like to see them make money. I am up a dime on paper on RCO and will probably sell into strength at any time. I was tempted to take the profit today but I think I get a better price tomorrow.
That one bought me a house, a million shares of TRBY, 5 million shares of CORR and a young girlfriend last year. I hope you do as well. CORR had a nice uptick today so if that one runs I will buy another farm in Tennessee, S. Carolina or Arkansas. We kicked some serious azz today. Mr. Dawg that one goes on my watch list and thank you.
RCO -- Reverse split and a lot of fear. Gotta love it.
You had the wrong symbol on your alert. We do not want to confuse anyone. OCGT
By the way I did not buy it but it did make my watch list.
I like it. The sellers have been flushed on a nice fear move and we have a nice base period. Thank you.
If any of you are following my plays I just took another bite of PRCS at 2.14. If you are new to the board that is one of Mac's specials and I love it. Some of my friends got piggish on EAG and got toasted. When I saw that monster volume come in and no movement in price I knew it was over for this run. Selling the greed spike is as important as looking for fear on the down gappers. Thank you all for making me feel welcome here.
Mac I am not smart enough to understand much of the fancy TA that the resident experts here use but I am sure they did not have to make their own charts in the old days and survive without all this new terminology. I will not underestimate their ability to make money and I hope they do not underestimate the old farts with their homemade theories.
Mac I started buying your PRCS today at 2.23. My reason is that you are pretty sharp. Have you noticed that my WIRE just keeps moving up? There is gold in those down gappers if you have a little patience.
Mac I went into SPWP because of unusual volume again. Could be the boys will run that one hard.
Took my profit on EAG .94 EOM.
Brain getting old and crusty.
Press release on Yahoo
http://biz.yahoo.com/bw/041124/245324_1.html
Mac you told me to give a reason for my buy signal. It was technical analysis. My dog barked at the moon all night, my other dog ran out into the street but did not go across the center line and a white tailed deer flashed her tail three times while running to the north. Seriously it was on my watch list for years and showed unusual volume to indicate news had leaked and sure enough the news came out on Friday.
Thank you Mr. Dawg but that one was pretty obvious. I know there are a lot of new people that lurk here so we should try to make what we do simple enough so new players are able to execute and make money. I have done this for about 40 years and I still do not know anything except to say that I do the opposite of what my emotions tell me to do. My emotions told me to sell my TRBY and take the loss and move on. My experience tells me that when I am one of the few people buying today it is more than likely a good trade. I will take a sizable loss in one of my accounts but in the other account I follow a simple rule. No more than 10 percent loss even if I have to sell the same day I buy. That little pinkie that I bought was gone in three days for a 600 dollar loss. I got that back and then some on EAG today. I still think that TRBY will make me at least 100,000 in 2005.
Mac I bought 50,000 at .035 today cause I saw a nice fear move. My Raging Bull indicator has also flashed a strong buy. When that board is full of pumpers greed sets in and we have a top. When that board is full of gloating vermin after a severe downdraft it is getting close to a bottom. Sorry I did not share my EAG with this board because I am not a tout. I would recommend Mac's board very highly to pick up some trading ideas and make some money. I made a nice paper profit over the last two days with EAG and have not sold yet.