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Out of how many calls? Probably more than 3.
What is your trading history on absd? When did you get in? Did you sell and then get back again? How many shares are we talking here?
If you don't want to disclose, I guess that is ok, but I feel you should be transparent on your trades, like I am.
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Well... Do you think people actually listen to me? I'm just one trader out of millions... Am I not allowed to say that this stock has not had enough time to fall back to the point where it is stable? and the volume is still way up... This stock needs to bleed for another 5-7 trading days and volume has to go back down before it does another reversal. I am not denying that it will probably bounce... At some point... but just that the bounce is not here yet, imo.
I could be totally wrong, but I am not willing to risk 10K here.
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Which 3?
Personally, I decided to play micro-pennies/penny stocks with 3k of my portfolio on march 8th and am now up to 11k.
ecfl 0.01 to 0.012, 0.005 to 0.006, pgsw 0.321 to 0.64 and absd 0.015 to 0.022...
Lucky? Yes, but then again my strategy is to take profits and run.
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Whatever... I'm out at 2.2, +3400, and await 0.01.
That was an intra-day call... and the price did run back from 2.7 to 3.3 at the close, then hit 3.9 the next morning.
Doesn't apply any more.
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IMO the way this is going to trade is as follows (prices in pennies)
Monday 1.7 to 1.5 Vol 3M
Tuesday 1.5 to 1.4 Vol 2M
Wed 1.4 to 1.4 Vol 1M
Thu 1.4 to 1.2 Vol 3M
Fri 1.2 to 1.0 vol 3M
Mon 1.0 vol 3M (I buy here)
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p.s. I have seen too many of these stocks take a huge bounce, then do the slow, asymptotic bleed to 50% of the price where the bounce started... the volume will trickle off over the next few days, then people will get scared AND annoyed that the price isn't moving... then one of those days next week we will get another big capitulation day. Then I will buy. If I am not already in another of my stock picks.
I bought this stock at 0.015 because I felt that there was enough crying and moaning and desperation to sense that this was due for a bounce. The MM's had squeezed every last share out of shareholders and panic was in the air... just go back and reread the posts from that time.
Now, there have been a bunch of bagholders created, but there is just not that fear and panic in the air. And so I won't step in with my 1M share buy until I see that, and I have a feeling that it won't be until 0.01... so for now I sit and wait.
IMO this stock at 0.017 is a veritable bagholder factory running at full production, and won't stop until 0.01.
If it never goes there, then that's fine. I have a couple of other stocks I am looking to buy in on.
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Out at 2.2 and kicking myself. was up 12k in 2 days on my 480k shares at 0.015 then lost 7k back in 3 hours... At least I made 3.4k in 2 days.
Now this looks like it is going back to 12... HDSN playing their stupid games, and traders play right into their hands...
will see what happens.
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Well, good luck to everyone holding mglg. Hope it runs up for you. You know my expectations on the stock. I'll be back in a few trading days... taking a few day trading holiday til monday (but still gotta work ;)
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Also like gsct here... with oil running up and gsct over sold, imo... should run another 20-30% or so... no position
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MAn these free accounts suck... 15messages/no pm's... etc
one pick my private trading board is playing is tvia... one of the best momo traders there bought 25k today... maybe breaking out of a long base at 43c or so...'
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The other good thing about trading with 10k into 1 penny stock like this one is that you can probably draw enough volume into the stock by buying 100000 shares that you have a decent chance of turning the stock around even if you buy too early.
;)
Hey good luck to ya... the markets are tough here...
just gave away (or rather, didn't make) 7500$ this morning when I didn't sell my absd.
bought 480k at 0.015 then this am it hit 0.039 and I was up 12000$ on paper on my 7k investment... but I got greedy, tried for 4.5 then ended up selling at 0.022 for a 45% gain.
I have never been more pissed at making 3.4k in 2 days than today. but whatever.
thems the markets... youse pays youse money and youse takes youse chances.
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I guess what I am trying to say is that I think this is close to a bottom (no lower than 5c, I am sure) but I am not sure this is the time to buy yet.
I may miss a bounce here but I have a sinking feeling that the current longs will get sick of no movement in a day or two and sell this down to 5c on huge volume.
Or not.
We'll see...
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This is an iffy play for me right now... I'd rather wait for 5c... and miss a run here than to get in, and get burned when this drops to 5c...
Hey, if this never hits 5c or less, then I salute you. but if it does, I'll be there.
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Exactly... take a look at absd... people thought that was bouncing at 10c... then again at 5c... then finally capitulated over a few days at 0.015. Notice the move didn't start until it ran up to 0.02 a few days ago on huge volume. Haven't seen that with mglg yet...
and we know how traders are impatient, unfortunately (if you are in this stock)
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I think this will be a buy in a week or 2, but just not yet. Imo the capitulation volume just isn't there...
just finished playing absd... saw huge capitulation there for a few days and the price was just constant.
Haven't seen that on this yet. The latest bounce seems more like a dead cat...
While I think this will bounce once it finally bottoms, I am looking for a significantly lower pps.
As I see it, the current buyers between 0.07 and 0.10 will putter around for a few days and then get tired that the pps is stagnating... then they will sell and open up another round of capitulation. When I see that, for a few days with the pps holding constant, I will be back.
Of course this is all imo... and may never happen. But I believe it will.
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ABSD going to run today...
again...
imo
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ABSD: Alright boys... are we locked and loaded for tomorrow?
expecting more of the same...
1$ to 3.2 cents in 1 month? come on...
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ABSD: Alright, boys... who's got ABSD in there port for the big run tomorrow?
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ABSD Gappa tomorrow!!!
imo of course.
dyodd.
see how oversold it is yourself.
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ABSD bids moving up...
this is ridiculously oversold... still..
imo going to gap/run tomorrow when people see what it did today.
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ABSD gonna run tomorrow
imo
ABSD running into the close!!!
tomorrow should hit 5+
imo
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ABSD: Large buys are starting to come in...
let's get this party started!
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ABSD: Also wanted to add that greed in this situation is the more powerful force, and when people see that this is not falling back, they will buy. And this stock will run again.
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Why ABSD will run:
they are holding it constant at 3.3 to 3.5 cents while they wait for traders to bail... notice that nobody is really bailing. once they have sucked in all the weak shares, they will run it again.
imo.
of course.
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ABSD gearing up for a late PM run...
bids moving up... nobody selling.
ABSD bids creeping up... going to be gearing up for a late pm run, imo
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lol I was being facetious... of course it is bouncing...
lol
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Is this bouncing?
DOES ANYBODY KNOW!!!!?????
Is ABSD bouncing?
DOES ANYBODY KNOW????!!!!
ABSD is the play of the day, folks.
IMO... Waaaay oversold and running into the close yesterday.
g/l
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That's ok... we'll see the bids start creeping up premarket... then even higher 5 mins before the open... just like bids on ebay... they don't show their hand until the last minute... then greed takes over...
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ok... that was the last of the 15 freebie posts for today... see ya tom.
ABSD: This is hilarious!!! everybody KNOWS it is going to explode tomorrow, yet everybody wants to get in, and they know that if they actually post that they think it is going to explode tomorrow, then the price will get away from them before they can get in. So everybody except for those who are loaded up are super quiet ...lol
that was me yesterday (praying it wouldn't take off this AM so I could load up)...
hehe...
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Thanks... I've been on a hot streak lately... I've been trading long enough to know it's not going to last forever, but I'm enjoying it while it lasts!
-From the BB board...
ABSD is so ridiculously o/s it isn't even funny... just as I thought pgsw was when I bought 11k at 32c and sold at 64c 2 days later...
actually took me a while to get my 500k shares this am... Had that ask plugging away all morning. I think I might have helped turn absd around... That and a few of my friends who also were buying 500k shares... ;)
03/27/07 10:15 AM EDT Buy 5000 ABSD Executed @ $0.015 Details | Edit
03/27/07 10:10 AM EDT Buy 70000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:59 AM EDT Buy 100000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:58 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:57 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:56 AM EDT Buy 100000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:49 AM EDT Buy 20000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:44 AM EDT Buy 35000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:40 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
ABSD Time and sales today...
major buying at the close...
nice.
forgot who I copied and pasted this from, but thx
ABSD Time & Sales
major end of day buying
Price Size Exch Time
0.02 5000 OBB 15:59:51
0.02 200 OBB 15:59:42
0.0195 5000 OBB 15:59:14
0.02 20000 OBB 15:59:08
0.02 25000 OBB 15:58:43
0.02 25000 OBB 15:58:15
0.02 25000 OBB 15:58:13
0.02 5000 OBB 15:58:00
0.022 10000 OBB 15:57:55
0.02 10000 OBB 15:56:41
0.0219 5000 OBB 15:55:35
0.022 5000 OBB 15:55:34
0.02 5000 OBB 15:54:33
0.02 25000 OBB 15:54:19
0.02 70000 OBB 15:54:11
0.02 12000 OBB 15:53:45
0.0195 393 OBB 15:53:28
0.0195 15000 OBB 15:53:10
0.02 20000 OBB 15:52:44
0.019 65000 OBB 15:52:29
0.019 5857 OBB 15:52:28
0.02 5857 OBB 15:52:28
0.019 10000 OBB 15:51:49
0.0186 29411 OBB 15:51:13
0.019 50000 OBB 15:51:00
0.0189 10000 OBB 15:51:00
0.0189 29000 OBB 15:51:00
0.019 50000 OBB 15:50:58
0.019 25000 OBB 15:50:24
0.018 100000 OBB 15:49:22
ABSD: I got one of the big boys (pro traders) in my private trading group taking a look at this one tonight... they are the ones that brought me pgsw at 32c and then sold at 75c...
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ABSD is so ridiculously o/s it isn't even funny... just as I thought pgsw was when I bought 11k at 32c and sold at 64c 2 days later...
actually took me a while to get my 500k shares this am... Had that ask plugging away all morning. I think I might have helped turn absd around... That and a few of my friends who also were buying 500k shares... ;)
03/27/07 10:15 AM EDT Buy 5000 ABSD Executed @ $0.015 Details | Edit
03/27/07 10:10 AM EDT Buy 70000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:59 AM EDT Buy 100000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:58 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:57 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:56 AM EDT Buy 100000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:49 AM EDT Buy 20000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:44 AM EDT Buy 35000 ABSD Executed @ $0.015 Details | Edit
03/27/07 9:40 AM EDT Buy 50000 ABSD Executed @ $0.015 Details | Edit
ABSD HUGE volume at the close!!! RUNNING into tomorrow...
hehe it's fun to pump stocks... lol
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