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Thank you for your input. By the way my name is Andy and I am a retired scientist. Sure is nice to have a pleasant and knowledgeable group here. I am not always right but I have made a few real good plays and do have a lot of money but TRBY could cost me a bundle if I am wrong on this one.
Thoughts on TRBY. My limited charting skills tell me that the herd of actual and potential investors is sitting on their hands. All big winners usually have sharp declines prior to their trip northward. Price and volume tell me that a few people have thrown in the towel and we may need a massive kill to see how many can hold on and sweat it out.
Charts are a visual story of supply and demand. We are in the fear phase of the story now but the good news is on down days the price changes tend to be small and the turnover mild. One of my favorite patterns is now emerging called the double bottom. I called the three cent area on the other board as support after a failed breakout. We will soon have two sell offs and a middle peak. If we do not get buying as we approach .03 it could get real ugly. I am going to put in a buy order at about .032 and see what happens.
Mac I have been following this board and I must say that you have a very good group. No one has "hot shot syndrome" and as we have all come to realize this game is bigger than all of us. I have a whopper of a paper loss in TRBY now but every big winner I have had takes a dump before it gets off the pot.
EAG looks ripe
Mac I cut out a lot of dead wood today to raise some cash. I did not sell any TRBY because I still think that one is in play. It will depend on a big sponsor like Microsoft. I am hoping some day they buy them out at a decent price.
My little oil play TSNU shows steady move up with steady buying pressure.
Mac both good candidates. For the people that have not played the down gapper game a few simple rules. You should average in and average out. Once you have an average cost basis allow about 8 percent downside and dump and take the loss at that time. I usually give them at least a year to work on the upside. At sometime during the year you will be given an opportunity to take profit and I usually do. These are stocks that I use in my IRA so taxes do not factor in my trade decisions. I have another account for my gambling which is a lot more fun. These are usually all or nothing bets and my biggest bet is CORR. They will either make it big if they can get financing or it will be about a 30,000 loss. Those kind of plays separate the men from the boys.
I think the downdraft is over on PROXD. McDad look at the chart and tell me it is not basing here for the up move.
MacDad I like to cruise the boards and look for interesting prospects. On some boards they have down gappers listed. When a veteran trader that I know mentions a stock it goes on my watch list. Then I check the chart to see if it was a high volume washout. That is why I liked the chart you posted.
MacDad as you probably have realized the only boards I go to are those that have veteran traders. I was a professor in science for 43 years and have little tolerance for "hot shots" who think they know this game. I made enough trading last year to buy a house and 1 million shares of TRBY. If you have the right people on your board there is no need to use the disclaimer "In my opinion." Anyone with half a brain and 10 successful trades know we only have opinions on these boards and most of them are worthless. I have traded down gappers for big profits. Forget the fancy TA and the other crapola and look for a stock that has been clobbered into oblivion and dive in. You will have short covering, and when the selling is over you either have buyers or BK. Even many BK companies have a nice rally called the dead cat bounce. I have been doing this longer than most posters have been alive. I have lost fortunes and made them. Buy the way I average in and I average out so I would buy that one about 4 times just in case it is not completely washed out.
MacDad I think I do not belong here. I have more money than time as I am retired and quite confortable with the way I have learned to trade. Good luck to you and this board.
Been There. It had a 1:10 reverse split in September at .40 and then flatlined. I use big charts where you can see the volume really starting to come in now. I think this is at least a 10 bagger from here.
Been there. Take a look at a little pinky MTDN that has a very low float after a reverse split. They are expanding and I think this one is on the ground floor.
For many years when I was younger I would read the journals and chart stocks and then I tried the candles and the TA mumbo jumbo and came to the conclusion that the best way to make money is to buy fear and sell greed. When someone is shouting fire and everyone is running for the exits at the same time some people will leave money on the table. I am the janitor that cleans up the place after the fire sale. If anyone has any good down gappers I would appreciate any and all contributions. Thank you all for making me feel welcome.
MacDad thank you for the invite. I have found that playing down gappers can be very rewarding. Look at the 2 year chart on CSTR and notice the huge down gap. I played that one and made a lot of money. I am now playing WIRE for the second time. I do not know if my ideas are what you are looking for but I will learn your techniques as I follow this board.
McDad I have a pink one for you to check out. I started buying MTDN today instead of more TRBY. I think it has as much potential for a big pop. By the way if Dave is gone I probably will be gone too.
I also like the fact that NITE and one of the Hedge boys have been on the top bid with regularity lately. We are looking good. I might try another 100,000 tomorrow to see how they act. I have more than enough but I do not see any other stocks that I like better right now.
If the consensus is very positive I just may buy some and take them back to my old work place as a teasor. If it can sell itself with performance it will be demanded by anyone with tingling fingers and those shooting pains after a day of work.
OT Unknown Factor. I have read all of your posts since coming to this board and have noticed that you never have the need to demean other posters. I have had a few nasty private posts that I simply ignored. They are mostly Raging Bull posters so I do not need to say more. The pumpers and the bashers both attack me for having an opinion. I thought that was the function of these boards and am delighted to see you in charge of this one. We have a few young people here who seem very confident in their TA work. I think that is great even though I have found that the big moves which I play have more to do with fundamentals of the company and the over all health of the market. Thank you again for hosting this board and all the hard work you do for me and all the good people here.
My thoughts on this week. Most of my predictions look pretty good on the general market. The Kerry scare is over, the S@P is breaking out and the market is in rally mode. My little CORR reversed today and closed at the high of the day. If that one makes it any stock can make it. I was all green this week except for TRBY and I think we are seeing the move before the move. Everything is set up for fireworks.
OT. Thank you Dusty. I just looked at some of those boards and will follow them for a while. I am very cautious about boards because when I first started this game I got sucked dry by the pumpers on Raging Bull. They say they are always buying but they never admit they are selling into any run. I decided that I would tell everyone here that I sell runs. It is hard enough to beat the MMs and their crap without getting fleeced by the supposed "true longs" with their spin. I think that this is a good long term play but taking profits is not something to be ashamed of.
Not funny. I just dropped a bundle on paper. But I will become a bagholder for a while until I dump it and put it in TRBY.
ERHC news out and it will not run anytime soon. Stay your course in TRBY.
I am just an old science professor and am now retired. I have only been trading full time for about two years. When you post on a public board most of the viewers know that most of the information should not be taken too seriously. If I privately tell someone to buy and it does not work out I would feel bad. It is a fact that most of my trades do not work out the way I expected. In fact I may be wrong on TRBY but I have four others where I am in big. If just one of them hits that is a good batting average. I do not post on many boards and I do not post often. It just seems that the people here are way above average in market savy.
MacDad I am sorry that I still do not have a private account but no one has told me to get off this board so here goes. It is time to buy ERHC again. I made a small fortune on that one last year and it is ready to run again. I used to have a six figure job and now I am making more than that trading and sure having more fun. I will email you with my trades if anyone on here objects to me posting here.
I just completed my required reading this morning and have come to the conclusion that the market is oversold, commodities have topped out and smallcap techies are the place to be now. Do we have a smallcap techy? Are we at the right place at the right time? If your answer is yes start looking for your dream girl. You will be able to afford her.
My thoughts this evening. The coast looks clear to me. The ones holding million share blocks have great control over the pps. The CEO holds the most and he is not dumping. The big holders that I know are not dumping. Even though I admit to being a trader I do not drop 250,000 share bombs. I will bleed slowly into rising share price. Remember holding a stock that was moving up nicely and then it gives up 50 percent of the move? That is when someone is dumb enough to show his cards to the MMs that he has a large block to sell. The MMs pull their bids and fear is now at the table. New investors panic especially if the board bashers have done a good job. New investors that have invested money they could not afford to lose are now chasing the bid as the MMs real them in like a little fish. I guess what I am trying to do assure the small players that the big holders that could have broken the back on our little stock are rock solid.
I normally do not look for news sources to make my bets. I use the general market behavior first because very few stocks go up in a down market. Then I look to see if the company has a real product that solves problems. Lastly I look at the charts. We are sitting on support at .05. It will take a material event to drive it lower and the lastest PR did not drive it lower. With no dilution problem that I can see with shares dumped into the float it will go up along with the rest of the market. There was selling today but there were buyers stepping in to prevent a downdraft. Volume comes in at the bottom and volume comes in at the top. When we have large volume and no price movement after a move up I will be a seller. I think we have a few large holders and some small players. If any of the large holders had dumped we would be at .03. I did not even think about selling and neither did any of the other big holders. Market makers do hold an inventory and when you see NITE on the bid as well as the hedge boys we will go up. There was serious accumulation today and we will see distribution after the next run. That is how it works. The market makers will not lose money if they were buying today. They will take the stock up and sell for a profit.
Nobody rings a bell when the next upleg in the market commences. The Dow fired a warning shot today and did not look like a bear market relief rally. We will need follow through shots but I am very constructive on the market as a whole because oil prices should have cracked it like an egg and did not. To expect a little penny stock to take off all by itself was not realistic. To expect it to market perform before Christmas is realistic. If the over all market gets follow from today's rally we are off to the races. There are trillions of dollars on the side lines and when it comes off the shelves watch out.
By the way MacDad I sold ABTG at .475. In .32 out 47.5 and guess where the profit will go if I do not put it on the Denver Broncs tonite. Since I am retired and I do have considerable capital it is easier to be less emotional. I would welcome a capitulation dip tomorrow because October is soon over and the election mess is soon settled. ERHC which I started buying at .08 and started selling at .50 is now dropping like a rock. Now you can see why I am a trader because these penny stocks go up and they go down in cycles. I have an average around .06 on this one and we should see some profit in the next few months.
For what it is worth. A friend from New York told me his 12 year old son started a business selling home made items from his home and made over 500 dollars. There was a new, little known company called EBAY where he auctioned off his stuff. He told me that when he saw how well it worked he bought shares in the company. He is now a millionaire many times over and has retired. When the people around you are using a product and they have success with it, buy the stock because people telling people is the best marketing there is today. Most of us tune out paid advertizers but we do not tune out our friends. Thank you for the post because it proved my point perfectly.
MacDad you are welcome. I am not a big pumper but I felt that I was among friends here so I am very happy when I can help in the bottom line.
Married you are a class act. That post was as good as it gets and just reminded me of why I continue to come back to this board. I will share my big play of the week with you.
ABTG will run this week because of the deal with Con ED and Earthlink that will put broadband on the power lines. The deals are being signed to light up Manhattan. I tried to post the link but I am sure you can find it if you are at all interested. It will not paste.
Dave I played ERHC, CYGX, ADZR, GTEL and some dogs that never moved. They went to a buck or more and are now back where they started. The people that sold into the rally are very happy and the ones that went for the home run are now left holding the bag. They will be very anxious to get out and will kill most of the attempted rallies. I see no one anxious to get out of this one right now. I will however probably start buying ERHC again soon because of the huge upside potential. I am not a big fan of message boards but in most part I like the people here. One of these days I guess I should sign up so I can make private responses to you and other people that I respect on this board.
You have stones the size of North America. I thought I was a big gambler but I am Mickey Mouse in comparison. Penny stocks go in cycles and most often the ones I play go to a dollar or more in the up cycle. People get greedy and jump in with both feet and hope for the moon. The last group I played have now completed the cycle or will shortly. I think the stocks that will run in the next cycle do not have a ton of bagholders who bought in at a dollar or more. TRBY fits that scenario perfectly. Even the people in at .15 will make out well and I think they know it because they are not selling in this down cycle. The market breathes in and the market breathes out. In November and December the market breathes out and watch out for the move here. Good luck and good trading.
Please do not feel the need to apologize for anything you post here. I watched two or three posters completely bring down the RB board. I am not always right with my analysis but in this country you do not go to jail for having an opinion. Distortions with an attempt to discredit the company or other posters belong on RB and Matt usually does a fine job keeping this board clean and that is the only reason I keep coming back here.
I am also a retired biologist and I know that big fish eat little fish. Fishing was bad when it got down below .06. But I still have the bait and the selling is still welcome.
Seems like I am a serial poster today. This game is a lot like poker and these boards are like a poker table. In poker if it takes you more than twenty minutes to figure who the patsy at the table is you are the patsy. I view the boards in the same way. If it takes more than two days to figure out who is holding a winning hand on a stock board you are holding a losing one.
I am 66 years old and have been doing this longer than most people have been alive. There is always insider trading but the source is not usually the company like in Martha. When I was younger I knew a college student that was a full time trader. He always went to college and never worked. He got to know future corporate lawyers and friends tell friends about the deals they are working on. That is why a stock moves for no apparent reason before the news. Then the public sees the news release and buys like crazy and you have a volume spike that the insiders sell into. We hear a lot about the MM manipulation and there may be some but it is buyers and sellers that determine share price. Some buyers just have better information than others. The dumbest players in this game post on Raging Bull so I use that board as an indicator. The board is dead right now and when you get hundreds of posts a day that is usually a good sell signal.
Dave are you still out there? Well we got our test and TRBY passed with flying colors. I think .05 was the double bottom I was looking for. There were no sellers at the lows and that is very positive. I could not be happier with our situation right now.