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I'm speculating a .071 close today (the intraday downtrend line) - IMO
Cargo: My last post was not to critisize but to inform. I had posted previously where I stand with regards to COPI and am still waiting for a volume breakout of the downtrending consolidaton for entry.
Cargo:
Unfortunately you can short the OTCBB and Pinks -
In regards to pink sheet and over-the-counter (OTC) listed securities, short selling is allowed. An OTC security is one that is not traded on a formal exchange such as the New York Stock Exchange or the American Stock Exchange. OTC securities are often quoted on the OTC Bulletin Board (OTCBB). Pink sheet securities are very similar to OTC securities in that they are not listed on exchanges, but are quoted on a daily publication issued by the National Quotation Bureau. However, pink sheet securities carry much more risk because they do not require the companies to register with the SEC or stay current in their financial statements.
Although short selling is allowed on these securities, it is not without its problems. Short selling on OTC is extremely risky because these securities are often very thinly traded, which makes them very illiquid. This illiquidity can prove hazardous if an investor needs to cover an increasingly unprofitable short position. If the volume is very low, covering the position may become a very unlikely prospect. Another problem that has arisen with short selling in OTC securities is the use of pump and dump schemes. These schemes are done by con artists who use internet message boards and SPAM emails to heavily promote a thinly traded stock in which they have long positions. When this happens, the result is often a high spike in the price of the stock, followed by a fall. However, the initial spike will devastate any investor with a short position. These schemes often use OTC stocks because they are relatively unknown when compared to exchange traded stocks.
Thanks ZRock and Highgear
Thanks only1gail
Thanks fivestar
COPI: New to this board, I saw this posted on Trading-Pennies this morning on their explosive stock pick list. They have a really good track record for picking break out stocks so I always watch their picks. From what I can see on a technical basis on the intraday it looks to be consolidating along a downtrend line forming a bull flag....Right now I'm watching for a volume break above for entry but all in all it's looking good right now - IMO
The coaster continues, we need to breakout of 1.6....talk about roller coasters has anyone seen XRGI?
I've been on a few roller coasters in my life but.....I think I gotta sinch my belt a little tighter for this one!
NEWS:
Empire Resorts Fully Supports St. Regis Mohawk Casino at Monticello Raceway
Wednesday February 6, 5:34 pm ET
LAS VEGAS--(BUSINESS WIRE)--Empire Resorts, Inc. (NASDAQ: NYNY - News) announced today that is aware of a press release issued by the Tribe on February 5, 2008 and wishes to confirm that it has not abandoned the St. Regis Mohawk casino project in Monticello and has no intention of doing so. Given the recent rejection of the Tribe's class III gaming project at the Monticello Raceway by the Secretary of Interior, the Company and the Tribe must now continue to work together on a joint litigation strategy to overturn the Secretary's unfair and unwarranted decision. Pending the outcome of this litigation, the Company, in furtherance of its fiduciary obligations to its stockholders, is exploring additional business proposals.
ADVERTISEMENT
The Company and Concord Associates are currently in discussions with respect to the joint development of a 160 acre parcel in Kiamesha Lake, New York which may involve the relocation of the Company's raceway and VGM operations to that site. In the event that a transaction emerges the Company will make timely and appropriate disclosure.
The 29.31 acre proposed land into trust site at the Raceway will continue to be available to the Company for a future St. Regis Mohawk gaming project. The Company has no current alternative plans for this site.
Hey people,
Getting near a good buy in point (good risk:reward) - right now I think it is mirroring the pullback in the general gold market.
Just got d*cked by Ameritrade AGAIN....took a position in a stock that was poised to breakout and it began to tank....no news (on Ameritrade anyway) until I go to Yahoo and see an 8K had been released. I pay good $ for taking positions and I have to go to an internet provider to get financial news...go figure.
Does any one have good recomendations for direct access trading?
Thanks!
Question:
My real time volume sales shows a post at .037 but no volume accompanying it - does anyone else have that?
This is what I have:
01/30/08 15:48:16 0.036 0.034 0.036 25000
01/30/08 15:48:20 0.035 0.035 0.035 340000
01/30/08 15:48:40 0.035 0.035 0.035 7500
01/30/08 15:48:55 0.035 0.035 0.035 7500
01/30/08 15:50:05 0.035 0.035 0.035 5000
01/30/08 15:50:20 0.035 0.035 0.035 5000
01/30/08 15:50:40 0.035 0.035 0.035 5000
01/30/08 15:50:55 0.035 0.035 0.035 5000
01/30/08 15:54:05 0.036 0.036 0.036 16200
01/30/08 15:54:20 0.037 0.037 0.037 16200
01/30/08 15:54:40 0.036 0.036 0.036 16200
01/30/08 15:54:49 0.036 0.034 0.037 -418600
01/30/08 15:54:56 0.036 0.034 0.038 0
01/30/08 15:54:57 0.036 0.037 0.038 0
01/30/08 15:54:57 0.038 0.037 0.038 15000
01/30/08 15:54:57 0.038 0.037 0.038 15000
01/30/08 15:54:57 0.038 0.037 0.038 439800
01/30/08 15:58:55 0.038 0.038 0.038 0
01/30/08 15:58:55 0.038 0.038 0.038 0
Question:
Why does everyone keep posting a buy of 400K shares at .368? The buy was 439,800 at .38 before the close.
Stroke of luck
I can't believe i got in on this today...I saw it posted on Trading-Pennies today as a potential break out stock and boy was it. Interesting to see how it closes today.
ONCO:
If you look at the price movement over the course of the past two weeks these were built in already....insiders you know.
ONCO:
I have seen ONCO posted every day on Trading-Pennies as it is today. They have a good track record when it comes to stock picking - anyway, the more eyes the better. This is good news. I didn't hear about it through Ameritrade (typical). I have complaind for years that their news source is horrible but it falls on deaf ears. guess I'll have to shell out the bucks for Knobias (the best there is IMO).
SOUP:
Why? I sold at .021 the other day. Today I made money - you're hoping to get back to par.
Kelly:
Unlikely, I trade, saw the vaucme bought at .0085 and sold at .0125 - but thank you for your concern.
Kelly:
By the way, the sell off on the open involved over 1.8 million shares traded.
Kelly: It may be, but that doesn't change the current reality.....does it?
KELLY:
Of all of the rules I have learned in over 20 years trading a few have stood the test of time -
The number one rule to make money in the market is not to lose it
The Market is ALWAYS right
Don't impose your ego on the market because - it doesn't know who you are nor gives a damn what you think
They go on and on and survived through the years because they have always held true throughout time
You sound like a decent guy....so I wish you luck in your trading.
Kellyco:
There is nothing wrong with selling shares should the trend begin to turn - it is a simple way to protect profits and if the stock begins to work off another base, enter again with the ability to buy more shares. Do you realize on a percentage basis the to break even to yesteday's close this stock has to increase by 41% from the current .0135? If you had reduced your position with the break of the inraday 200MA (what most intraday traders use as their line in the sand as confirmation of distribution) how many more shares could you have purchased on the drop this morning.
To sell is NOT a mark of non-belief or disloyalty to a company, it is simply good trading technique when appropriate.
KELLYCO:
The typical drop to collect shares usually recovers in the first half-hour after the drop. The gap established this morning is now a point of resistance in the near term in lieu of significant news. Time will tell.
ABVG:
I noticed that my previous board this morning was removed from the posting board. I bothers me that my post, which was nothing more than that of my actions (sold my position in lieu of the stock breaking the low established in the first half-hour of trading)which is nothing more than an established tradng rule I abide by. It was not a negative commentary on the outlook of this stock but that of my trading rules..... I still have this stock on my watch list and am more than willing to jump back in should the price/volume action dictate continued upward movement.
To those that are currently in, the stock is getting more attention as I just saw it posted on the site Trading-Pennies which has a well established history of posting stocks on their site's explosive stock picks list that break out on the day of mention.
For me it is about the ability of the stock to show strength on an intraday basis above the moving 200EMA - tomorrow will tell and if volume is to the upside I'll be right there with you.
Removing my previous post was wrong....and if this is the policy of this board (removing anything perceived as negative) than I will no longer contribute as censorship is not informative but manipulative in nature.
LEVP:
If you look at the tennants of what to look for in a cup-and-handle pattern as noted in Investor's Business Daily, LEVP appears to have it: The duration of the cup is equal to the duration of the prior run up - the lesf side of the cup was became volatility in the average daily range which began to tighten and continued throughout the right side of the base and cup with increasing volume - the handle has formed in the upper 30% of the depth of the cup, the stock is above both it's 200 and 50 moving average with suggests institutional support.
Based on the 10 month consolidation of the cup the next 10-months would suggest a 3.80 target - IMO
As a rule if a stock breaks the low established in the first half hour I get out and wait and with it being up over 100% and stagnation on the news release I'm nervous holding right now.
Bob Pisani on CNBC had just said that there is a rally on the dollar building on the floor today which inversely tends to reflect on the price of gold.
HTRE:
I'm out for now - hit my stop loss and I'm out of here - good luck people
HTRE:
On a purely technical basis the stock today filled an intraday gap at .105 and closed on the 200EMA. If volume comes in to the upside the next likely resistance level is the .15 followed by the .17 - favorable news in a similar generl market could see this re-test the .2 - IMO
Like i said.....very frustrating
HTRE:
Recent price movement is frustrating at best.
HTRE:
This is an interesting ground floor opportunity much the same way Sonics was (I had a buddy of mine in venture capital that was on the deal when they were looking for same). you're right though, they have to both create and keep the buzz in the media (keep the atheletes and hip-hop artists talking).
This stock first came to my attention when I saw it posted on Trading-Pennies site in their explosive stock pick list so it is getting attention.
Time will tell - good luck all.