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Nice promo pop call - unusual, but you could have picked up at open and dumped 4 minutes later for a nice gain. I will take a look EOD to see if this one is worth trading.
FYI - if that is really your picture, you are the best looking penny stock trader on ihub (or is that a picture of a model and you are some fat guy in his moms basement?)
Last week I scored big with NEWL - this week, I have made a nice profit of ACHN. I held a nice portion into the gapup yesterday to take a big profit. This morning, I just hold a bit - I don't like to go back to the well too many times as I hate giving back profits, but it was running hard EOD so I took a chance. So far, it is up PM. For those not in, if it gaps, I am thinking of loading up big and dumping at 9:34-9:36 for some extra profit. If it trades down at all from the opening gap, this strategy won't work and I will dump immediately. Another potential gap and runner I hold this morning is END. On the OTC, I just have a little TRTC - OTC has been shitty this week so far IMO. Looks to me like we are entering a long crappy period for the OTC - maybe all the way until September. Hopefully, some decent tickers arise over the summer months, but the summer is typically crap season for the OTC.
Sorry I have not been posting - I had a really good week, but the plays were risky - such as NEWL - and not ones I thought I should suggest. Anyhow, below is a great article:
The Myth of 2008: FAS157, Not QE Or TARP
by valueplaysMay 29, 2014, 2:07 pm
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Those who have not been a reader for the past 7 years now may not know who “Davidson” is or why his commentary fills these pages so often. His post, at the height of the panic on March 6th 2009 (the day the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) bottomed) told readers he “I would be buying with cash hand over fist if I was not already in” and on March 19th said “The current market is an extraordinary buying opportunity!” proved both highly contrarian and highly accurate. Since then his contributions have soothed readers during short term volatility and provided a roadmap for rational thought.
FAS157 rule was responsible for exaggerating the relatively much smaller sub-prime issue
“Davidson” submits:
Brian Wesbury provided an excellent ‘look-back’ yesterday on his 2008 analysis that the Nov 2007 Mark-to-Market FAS157 rule was responsible for exaggerating the relatively much smaller sub-prime issue. It was during Congressional testimony March 2009 in which Chairman Bernanke said that FAS157 was causing misleading mark-downs of value at lending institutions and amplified fears in the financial system. Barney Frank ended the rule immediately. The equity markets found their bottom that day!!
What this says about markets is that they in truth represent a set of rules which we have implemented over time to ensure that fairness occurs. Rules are changed over time and the markets respond accordingly. If the basis for market pricing changes with our perceptions of which rules we should or not use, then market prices from one period to another are dependent on changing valuation perceptions. The rules are in constant flux as we perceive adjustments are required. FAS157 was one such rule. FAS157 came into effect Nov 2007 after the Enron debacle. We did not know how bad it would distort markets till it exaggerated the market correction in 2008-2009. Then we eliminated it. What does this say then about our use of mathematical analysis of markets?
Since the introduction of Modern Portfolio Analysis under Harry Markowitz in the 1950s, we have applied mathematical analysis to markets with a force of tsunamic proportion. Even with massive use of computing power applied no solution has been revealed where we avoid ‘Black Swans’. The reason for this is quite simple: Mathematical analysis of stock/bond markets does not work! The myriad number of CFAs, CFPs, MBAs and PhDs earned using the current academic based mathematical approach is misdirected. The answer to understanding markets is not found in mathematics, but found in behavioral observation and coming to an understanding that markets reflect human productivity under a set of ‘fairness rules’ which we change from time to time. This is precisely why mathematics cannot work to isolate a market solution.
· Prices are human value perceptions subject to man made rules!
· They are not and never will be mechanical measures of value.
· Math can never be applied to human value perceptions to predict accurate times and prices!
· Once one knows this, one becomes a better investor!
Add to all this the fact that there are various types of investors who basically fall into two categories, i.e. Value Investors and everyone else. It is the minority of Value Investors who truly know how to judge value. This is the basis for my SP500 Intrinsic Value Index. Everyone else is a market follower believing that the markets are ‘rational’. I hope we all understand that this is not so!! Markets are only rationally priced at the lows when those few Value Investors are buying. The rest of the investing world believes that some ‘Invisible Hand’ magically controls prices and these same investors believe that markets are “Efficient’, ‘Rational’ and therefore understandable through mathematical modeling.
Wesbury’s piece yesterday reveals just how subject markets are to our rules. He spotted this in 2008 as the crash was occurring. He was not alone in seeing this. He does write well about it in this piece and I encourage you to read it. This is why I give the type of advice I do. I obtain useful future insights through my review of market history.
I highly recommend that you read Wesbury’s The Myth of 2008 which is presented in its entirety below.
http://www.valuewalk.com/2014/05/myth-2008-fas157-qe-tarp/
Watch List below. I had a good week. Made nice money on the PGFY post halt recommendation I made here - easy money as usual. SPEX was also great, and took little profits on a bunch of other tickers. Today does not look great for a Friday. I don't expect to do to well Monday. Here is what I am considering for now:
NASDAQ:NEWL NYSEMKT:PAL NYSE:NQ NASDAQ:MOBI NASDAQ:TLOG NYSEMKT:BTX OTCMKTS:KIRI OTCMKTS:GBLX OTCMKTS:TRTC
Spex is still up 20% PM, but had been up as high as 40%. If it gaps and runs, I will buy it on the way up and sell when the trend reverses; I expect that to happen.
Looks like SPEX is going to pay me out big this morning. Lucky - I picked this one up with 30 seconds left before close. I actually was alerted to this one by http://bluehorseshoestocks.com/ - they are penny stock scammers, but also have an "extended watchlist" that is not bad. I have been watching them for a couple months and noticed my screener picks up most of the same tickers they flag, but occasionally, they give me another idea, such as SPEX. SPEX was easy to see in this case many ways I guess as it was the Nasdaq's top gainer yesterday. On the OTC, I just hold some TRTC this morning. I hold a ton of big board tickers as my scanner was really lit up yesterday. I did not have time to post my watchlist as I did the scan close to EOD - stuck in meetings.
I actually bought some physical gold yesterday also. For traders with money out there, I think it is a decent idea to hold 5-10% of your wealth in physical gold and silver; I don't trust the ETFs. My gold and silver investments are not like my trading - I will hold what I buy until it doubles and then sell half - I have a ten year window in mind for this to occur.
Watch List
NASDAQ:NEWL OTCMKTS:MINE OTCMKTS:ERBB OTCMKTS:HEMP NYSE:RAD NASDAQ:ISIS NASDAQ:WAVX NASDAQ:YOD NASDAQ:TOUR NASDAQ:RBCN NASDAQ:KIN OTCMKTS:NTIP
Also, someone was asking me about trading post-halt day 1 tickers. I don't have a message board membership anymore as I was never using it. Anyway, I buy at open and sell between 10 and noon - 10:30 mostly
No, that was me - I love playing halts. The problem with FRTD is that it is already only .02, so it will open around .0025; I don't play sub pennies. I will play the PGFY post halt day 1; I play most post-halt day 1's, just not the subpennies (I don't like buying millions of shares - to slow and sloppy)
Thanks for the reminder RE the holiday. I am in Canada - our long weekend was last weekend so we don't coordinate this year. The FRTD halt will hurt the already bad sentiment on the OTC as of late so I don't expect a good day for penny tickers. Hopefully, the big boards have some decent tickers. LIQD gapped up nicely for me today to offset a lot of my FRTD loss.
Shit - I lost a little cash in the FRTD halt - got halted this morning. Luckily, I had almost nothing in the POS, but still got hit. Down net $1K this morning now. Damn halts are a menace to the OTC; there sure have been a lot of them lately.
I looked at CPRX and ATOS but didn't pick them up - my general rule is to only pick up the ticker if it is going up during the last 15 min, or at least the last 5 min if it is a small EOD correction and there is a nice HOD to gapup to.
I did not like much EOD. I just grabbed a little CTIC, YGE, FRTD, GFOX, and LIQD. I don't expect anything much from these plays - just some lunch money.
Hopefully some potential shows up tomorrow. Friday to Monday is usually the best gapup time. I will post my scan in the afternoon.
Made some money on WPWR and GFOX today - I will consider getting back in EOD if the look strong still
Good work - I took a profit on JKS and 2 other solars today also - good times; I love sector rallies. This has been a great week - mostly b/c of NEWL. That play is looking dead now but I will keep on watch. If I had to guess, it will crash hard soon, and then I will try to play the bounce. Preferably, a 30-50% crash and then bounce.
CSIQ, YGE, JKS, GTAT, TSL
Solars are killing it today - I will pick some up EOD for a potential gap tomorrow - just search for csiq in google finance and look at the related tickers below to get a list of potential tickers. I also like NOK
Well, anyone who listened to me on NEWL is very happy. I flagged here at .6 and it is $4.5 now in a couple trading days. I have been trading it every day and have made a killing. It is sill in action, but getting riskier. I am out for now, but will rejoin again if it closes strong with a high ceiling from today to get back to.
Other tickers I have been flipping include GFOX and NMED (a newer p&d)
When I suggested NEWL back at .58, I never imagined the ride would be this great. I love how the fools keep shorting this on the way up - violating the inverse of the basic rule not to try and catch a falling knife (don't get me wrong, it will crash eventually - but trying to time it as it rises like a rocket is foolish). I held a big position over night. I am going to load up on the way up today and sell once the PPS drops more than 5% from my last purchase. Should be a lot of fun this morning.
Looks like my $4 prediction will come true before tomorrow's trading day. I already cashed-out as my gains were high enough for the day that I did not want to be greedy, but I hope this keeps rocking. I may re-join the party towards the EOD if it is still looking good.
Shorts got killed past couple days - pretty funny. 2 trading days ago I posted here and on my board to pick this ticker up and was mocked by a few posters; I never knew the run would be this sweet but I took in a lot of it. The market cap of the ticker is still nice and pathetic - I say we touch $4 by Wednesday.
I added this board. I have made some money on this IPO - seems like a good ticker. I think it still has some gas. I don't want to moderate this board so the next poster can take that role; figured it is a hot new ticker though and should be on ihub. I won't be in it long-term; just day trading it for some quick profits. It may be a good long-term play - I don't know, I don't have time to look into it in detail.
Well, anyone who took my NEWL advice Thursday night should have had a good day - I nailed that one. Don't know where it will go from here so I am out for now but will keep on watch. If I had to guess, based on its past moves, it will crash again, but b/c it is so damn low still, it may continue to bounce.
OTC looked terrible to me today and I didn't touch it. Seems the OTC is back to a post death of APS / pre-pot stock greatness, crappy stage with no volume and no decent tickers. The OTC can change fast, but we are headed into summer so it does not look good.
On the big boards, I held Zen and Quik overnight. Both of these have gap and run potential for Monday.
Thanks. So, basically the entire float was flipped today - don't see that very often on the Nasdaq.
What am I missing here - how did this do 10M in volume today with only 1.5M shares outstanding? Is Ihub reporting BS numbers?
If anyone wants to trade a wild Nasdaq ticker tomorrow, check out good old NEWL. This one was destroyed today after doing a 50-1 split to get above $1, and is all the way back to .39. It is up 20% AH - I almost picked it up EOD, but figured it was too risky. Not sure how I will play it yet, but it may make for a good quick flip if it gaps and runs. It went down 76% today and basically has no market cap. I have made money on this one in the past - along with FREE - but this is a new all time low and it may be tough to play this time.
Tickers I was trading today:
NASDAQ:ARTX OTCMKTS:RNBI NYSEMKT:RNN NASDAQ:PLUG NASDAQ:PTX NASDAQ:ZIXI NYSE:NMBL NASDAQ:FCEL NASDAQ:BLDP OTCBB:WORX
Markets were beat up today. Hard to say how we will open tomorrow before the long weekend, but it does not look great. I hope we rally into close to set up some long weekend gapups. I will post my potential ideas tomorrow afternoon after seeing how things are going.
Today was a good day to be shorting. I would short more, but my broker hardly ever has shares of the companies I want to short. I am considering opening up an account with interactive brokers as I here they are really good for having short positions available on volatile tickers
I am not really liking anything today. With anther promo halt this morning and the pot stocks continuing to lag, I think the OTC is going to have a long quit run. Not sure if I will pull the trigger today on any of the ones I am watching:
FNMA, NASDAQ:ARTX NASDAQ:SPEX NYSE:XON NYSE:IRM NYSEMKT:UEC NYSE:TC
If by a few minutes you mean at least .5H
Made some money this morning from the watchlist I posted yesterday. Today, whats old is new again as the hot tickers I am watching include FNMA, PLUG, FCEL and BLDP
Markets up strong today. I am watching a few from my scanner:
NASDAQ:PLUG NYSE:YGE NASDAQ:CPST NYSE:ARO OTCMKTS:TRTC NYSEMKT:APP NYSEMKT:ROX NYSEMKT:XXII OTCMKTS:CIHN OTCMKTS:VPCO OTCMKTS:VPOR NASDAQ:CSIQ NASDAQ:ARTX NYSE:CPE NASDAQ:DRTX NASDAQ:PXLW
OK - I will post any good picks I find
The correlation is weak, that is true, however, it must be considered. Think about it from the OTC markets perspective - I am sure they want the CE up before one of their tickers is halted so they can say they warned traders. The OTC market would love to have more credibility, as credibility helps increase volume/their profits.
Many tickers trade for months/years with the CE and never get suspended; however, I have personally observed many occasions where a ticker was suspended withing 2-weeks of CE status, and consider it prudent not to hold over night during this period.
That is a half-truth Shell. To suggest there is no beta between suspensions and CE status, and even a closer one between CE status and the date of suspension, would be negligent advise; run a basic regression analysis and you will see I am correct. And how many promoted tickers don't have CE status - I can think of about 100 off the top of my head - you can probably name more (does that not tell you anything?)
I have a Masters in statistics; I don't really need it though to peg the pattern of the last 15 post-suspended tickers on the greys do I. Hell, even your buddies at P&D.com admitted there was easy money to be made on PHOT post halt day 1; they of course suggested not to do it, but did acknowledge there was easy money to be made (which, of course, is like giving an alcoholic an open bottle of wine for Christmas and telling her to dump it out)
I like this ticker and have made money from it, but I can't suggest holding it over the weekend as that would just be cruel. The OTC put up the CE; that is there way of saying a halt is imminent. On PVEI, the halt came 3 days after the CE I think (just guessing). It will be good if we get a halt here - then we can make a quick buck on the greys on post-halt day 1.
Shell is correct that sometimes the Halt new comes almost at 9:30 exactly - for example, with CANN, my broker did not indicated the halt until 5 minutes before open. It is not that the broker will tell you, but the system will kick out your orders before open and you can tell that things are off. Also, the bid ask will ofter collapse before open. Doesn't really matter anyhow, if you are caught in the halt you are fucked - ie as retail, you can't dump until 15 days later on the greys. Then, it will open 80 to 90% down - so don't hold this SOB overnight, but trade the hell out of it during the day if you want (short or long - I have done both personally)
Very funny - and of course I know the technical term is "suspension", but in ihub world we use the term halt interchangeably. I actually trade every halted ticker on post-halt day 1. Go check out the boards and you will see me on each of the last 15 OTC halts. I make good money on the Greys on day 1 - only ever lost once (PVEI). Look, for example, at PHOT - I predicted exactly what would happen on that one post-halt day 1 before the open and made a nice quick 50%. You will find the same pattern on all the boards. This is not me suggesting I am superior in anyway, just that even a monkey can identify recurring patterns and profit from them with a little discipline.
Lets really end this loop now - I have to get to my real job before power hour and I always feel compelled to respond to messages (a character defect of mine)
Sorry Janice, but you are out to lunch on this one. Ask your friends at P&D.com and they will tell you I am correct. Some suspensions, but not all, are known before open - that is a basic trading fact.
Below is an example of an early official release:
Suspended Security
Date : 06/26/2013 @ 12:00AM
Source : OTC Markets
Stock : Norstra Energy, Inc. (GM CE) (NORX)
Quote : 0.18 0.0 (0.00%) @ 2:05AM
Suspended Security
Print
Alert
Wed, Jun 26, 2013 12:00 - Norstra Energy, Inc. (NORX: OTCQB) - Suspended Security - Effective Wed, Jun 26, 2013, NORX is designated with the status Suspended. You may find a complete list of revoked/suspended securities at otcmarkets.com.
Well, PGFY turned out to be a shit show. Never seen the execs get in such a public fight over a P&D - need to have all the insiders onside before starting one. The damn bad news on the night of day 1 basically killed it anyway. There has been chances to make some money on this one, but overall, it has been crap (too unpredictable). Of course, don't hold this one overnight as it should get halted at some point.
I am the idiot who sold NEWL today at open flat - I picked it up EOD, and dumped it immediately looking for the gap up. Didn't loose money, but missed the 30% pop. Oh well - keep a watch on this one - it will stay nice a volatile for the next few days.
The OTC looks shitty right now to me - the post-PHOT halt era is still in effect, and with the failure of PGFY, looks like it will be sometime before nice easy profitable trades present themselves on a recurring basis again. I will be focusing on the Nasdaq/Amex again for a bit until things settle.
Janice, you have been trading longer than that. Do you really not know the ways to identify whether the ticker has been halted before 9:30? Even the official announcement often comes before 9:30, so I don't know where you are getting that from. Go take a look at the old posts, for example, on the day before the halt of POLR, NORX, PTOG, BISM and PVEI (those are just off the top of my head)
Well, no halt today. It should gap and run now - will be interesting to see how high that can take it back today.