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AZ: I think I bought at the bottom on CNXT or close to it. I am betting on a rebound when the NAZ turns around and heads north. The stock is way over sold, but as you know anything can happen in this crazy market. Did you pull up that site and look at it? I thought it was a well done site and seems to give a lot of information to all stocks. Regards, Walk
Chuck: Sorry to read your post about the boy. It is really a shame to lose life that young. Walk
SS: I broke my holding pattern and picked up 10k shares of CNXT at $1.49 for long term hold. It may not be the best thing to do, but seems to have a bottom around $1.51 so far. Hey it's the gamble in me and I can't help it. Maybe it will turn out to be a good move if it doesn't go BK down the road. Walk : Go to (www.stockconsultant .com) Seems to be a good site for me to get some information and read some charts. Yea like I am into charts. HEHE
SS: I did look at AMHI and it looks good so far. Several sorces say it is a hold rigtht now. I am mostly staying away from OTCBB stocks at present, so that I can keep a stop in short trades due to the market being so unstable and having no real direction. It is always a good sign for a company to show an increase over their last period. Right now if the market was more stable there are a lot of very good spec plays for the short and long term players. I am loaded up with all my long term plays and as far as short term, I have some up a little and some down more than I would like. I am trying to see where the money is flowing right now, because as always cash is king in times like we are in. Just last week I thought for sure I had bought one at the bottom, only for it to drop another .10 on late FRI afternoon. I was doing real good until 2 weeks ago when I had some that have always made money for me, to now backtract and turn red. I don't like the color red sitting there staring at me saying, fooled you, I can always go lower for no news or valid reason. I am holding most of those for now and not going to buy anymore until something shows a sign of market stability. The money needs to flow back into the market for stocks that are truley undervalued to rise to a market fair value again. I know a lot of day traders that have been getting killed day after day and I don't want to be one right now. Getting shot in the foot is not as bad as bleeding out, so this guy is staying put with what I have on the table at present. Good luck and as always best regards, Walk
SS: I had to kick my own butt for getting greedy when I knew better. I know the market is very unstable and will be for some time to come. I don't like to lose at what ever I do, even though I have been doing pretty good latley. I try and give it 100%, then that gamble in me starts to flare it's ugly head and that's when I make mistakes looking for a bigger payday. A wise person takes what they can get when it is on the table in a unstable market. Lesson learned, until next time. HAHA. Good to hear from you my friend and hope all is well. Best regards, Walk
Wise: It always is disappointing when a stock drops below a dollar amount of any kind $1.00 -$2.00 and so on. Once that happens the market seems to makes it very hard for that stock to go back through as easy as it was to drop below that amount. News and positive numbers seems to be the only thing to bring it back across that line again and remain there. FmDAY tried it's hardest to break through, but was held down at .99 except for a second. Let's see what tomorrow brings. Good Luck and best regards, Walk
Wise: We need to bust through $1.00 to make a good move and it doesn't seem to have the power yet. I put a stop in at .94 just in case it backtracks. Walk
Welcome to the blood bath of 2004. I was doing pretty darn good on guessing when to buy, sell and had made up my mind to take reasonable profits when on the table, due to very unstable market conditions. Sold several different stocks in the last week and was proud of my self control of not getting greedy. Well bought 10k of CNXT at $2.28 just the other day again and it went up to $2.44 and I didn't sell, so had to pay for another lesson due to greed. It tumbled to $2.04 today and I had a stop at $2.10 so that is history now and I had that lesson tatood on my head this time. "Walk" when you have .16 = $1,600 profit on the table, make sure to take it stupid. Lost $1,800 of mine for a $3,400 swing backwards. Very stupid on that one Walk. Now someone else is walking away with your money you had on the table right in front of your eyes. Walk if you don't play by your own rules then you must change your handle to walking-with-no-money. OK, I needed to beat myself up just a little for being stupid with greed and out smarting myself on that one. Mission accomplished with a sore head now and back to work to try and get it back. Back in on FMDAY at .93 and will see if I can get a little back. Walk
Chuck: I will take every edge I can to try and stay up with the big boys in this game of who knows what and when. They have the ultimate edge, but our level is changing little by little as time moves forward. I have been doing pretty good of late in the market, but I had to step it up quite a bit with the higher priced stocks to accomplish the task. I am having to put a lot more $$ in than I would like and it makes me stay watching the computer more than I would want to also. I sold MCIP yesterday for a $1.00 profit due to having too much on the line to hold out for more and it wasn't looking too good for my $20.00 target short term and now am glad I did. This is one hard game to play on a daily bases and I feel for some of the day traders out there with the stress they have to live with. This will be my last day of everyday trading for a while, so I can get back to riding the Harley again and other things to relax. Too much stress for this boy to be captive to the market on a daily bases. I don't want another heart attack like I had before. Not that it was caused by the market, but am sure it helped due to the added stress level. I just saw where my FMDAY sold for a good profit, so that is one more stock that I won't have to watch today. Have a good one and Best regards, Walk
Thank's Chuck: I had seen only part of that news on the yahoo board early, but wasn't able to get the whole story. Walk
FMDAY, inet showed buys at $1.03 early and now premarket real time e-trade showing $1.01-$1.02 498k+ volume so far. Hope it continues up and it looks like it might. Walk
I just saw that in pre-market on FMDAY. Should make money on this one again, already over $1.00 if it holds up. FMDAY in at .88 out at ???. Going to be watching closely though. Walk
I left a lot of money on the table for someone else to make with selling SONSE this afternoon before the CC. After hours it is selling for $4.90 - $4.95 during the end of the CC. If I had it to do over again, I would still have to play it on the safe side and walk away with the .63 profit I did. Too much was unknown and the way the market has been lately, I wasn't about to take the chance of it going on the pink sheets. Walk
Just sold my SONSE that I picked up last week. I am not going to bet on the (E) coming off after news at close today . Too much risk if it doesn't. I am not going to complain about .63 profit even if it goes up and the (E) comes off. Too hard to make money right now and I want to walk away with what I can when I can. Still holding my MCIP for a greater gain though and still looking for $20.00, but have a stop at $16.50 just in case. FMDAY and CNXT still holding their own so far from my buy today, but do have a stop on both. Last time on FMDAY I ended up down .05 and was very lucky to only lose that much due to a bounce at $1.10 and on CNXT up .12 when it went to $2.50 and I had sold at $2.44. Walk
I am in FMDAY at .88 and will see if I guessed right this time. Also picked up CNXT at 2.28 this morning. Walk
I picked up some MCIA for $16.00 today. I am hoping for re-listing on Nasdaq WED. Could even be a prospect for a buyout also. I hope to see $20.00+ very soon. JMO, Walk
Wise: you still holding FMDAY? I think I will hold at this point and if we have some green days next week I think it will see higher gains. What do you think? Walk
Now they are shaking the tree on FMDAY and have brought it down to $1.03 in premarket. Dang the MM's. Walk
Premarket on FMDAY is showing $1.07 so let's hope it starts a leg up from here. Walk
Disregard my post #5282 from last night. I had been doing DD and reading so much, plus with being tired, that I thought he was referring to the market as a whole. This morning I started to do some checking of my own and realized those dates pertained to a certain sector and not the whole market. Sorry, but was too tired to realize that at the time. Regards, Walk
I hope this doesn't hold true for over a 3 down day pattern. This is from another poster.the dip ...
since Friday, January 2
there have been 10 occurrences of "downstreaks" of 3 days or more.
6 of them have lasted just 3 days:
1 Wednesday, February 4
2 Thursday, February 5
3 Friday, February 6
1 Monday, March 1
2 Tuesday, March 2
3 Wednesday, March 3
1 Friday, March 26
2 Monday, March 29
3 Tuesday, March 30
1 Wednesday, April 7
2 Thursday, April 8
3 Monday, April 12
1 Monday, April 26
2 Tuesday, April 27
3 Wednesday, April 28
1 Monday, May 10
2 Tuesday, May 11
3 Wednesday, May 12
not so bad ... BUT when it has lasted 4 days,
its continued to either 6 or 7 days (7 day bottom is a trader's buy signal):
1 Friday, January 23
2 Monday, January 26
3 Tuesday, January 27
4 Wednesday, January 28
5 Thursday, January 29
6 Friday, January 30
7 Monday, February 2
1 Wednesday, February 11
2 Thursday, February 12
3 Friday, February 13
4 Tuesday, February 17
5 Wednesday, February 18
6 Thursday, February 19
1 Tuesday, March 9
2 Wednesday, March 10
3 Thursday, March 11
4 Friday, March 12
5 Monday, March 15
6 Tuesday, March 16
7 Wednesday, March 17
and of course, our current streak:
1 Friday, July 2
2 Tuesday, July 6
3 Wednesday, July 7
4 Thursday, July 8
Regards, Walk
Wise: I left early and never put a stop on FMDAY. It held all the time I was watching, so thought it would continue to hold. It closed a penny above my stop I had in earlier, so I guess now I wait and see what tomorrow brings. Maybe it will turn out alright or I will have to take a bigger loss than I would have preferred. Normally I hate Fridays for the market and I might hate this one even more tomorrow. GL, Walk
The only thing I am a little happy about is I happen to be lucky enough to guess near the low on CNXT at $2.27 yesterday and FMDAY is holding at $1.11. Other than that I think this market is very unstable and needs to find it's way north and soon. A lot of bigger board stocks have taken hits of -20% to -50% in the last month alone. JMO, Walk
Wise: I can't see FMDAY dropping much futher, but then again who can figure out this market of late. Not me for sure. I really thought $1.12 to $1.15 would be the bottom a week ago and left my buy order in for $1.15. Now I see they have brought it down even further than I had thought they would. New contract and they knock more off the PPS, go figure. If it hits $1.05 I am out and take my 1k loss, and that would somewhat surprise me, but it sure wouldn't be the first time I was supprised in this crazy market. JMO, Walk
Wise: They seem to have taken FMDAY down today a couple of pennies on very little volume. Let's hope it starts to show signs of a gain in the next couple of days. I am watching closely though. Walk
I bought 10k shares of CNXT at 2.27 today due to what I think was over sold yesterday and in a short time I will know if I guessed right. Never know about this crazy market today. Just trying to guess which one will have a upbeat in the near future. Still holding FMDAY, but it doesn't look like it is doing anything today. Oh well should have gone riding on the Harley today I guess. GL, Walk
Wise: I just got back home and the $1.15 bid I had in all this time on FMDAY was filled, 10k shares or nothing. So like most of the time on this one, I am with you hoping we guessed the bottom again. What a crazy market we have been playing of late. News and it goes down. Lets hope we have some gree days ahead now and maybe we will make some money on this play again. GL, Walk
Thank's Chuck: At that time I was reading your post and others back then on the old HRC board. Like so many of us did, we were just trying to get some new information which was hard to come by. At first I thought the PPS was a dead Cat bounce and was playing it that way. I can't blame you for not staying with HLSH at all though, because I also bought on the idea of flipping it like I did MCI, WEL, Kmart and some others back at that time in the market. Everyone was sure HLSH was going BK and the shareholders would be left with nothing at all in value like so many other companies were doing then. You and I even posted about the stupid traders still trading K-Mart stock when the news was already out that the shareholders had no value left, but days later it was still trading at .09. I had just lost my value on half of my position of SBLU that I decided to hold when they were halted and went BK and I was like everyone else and didn't want to get stung again either. I was just lucky enough to get some information to see some daylight on this one and stayed buying on the dips to get back a lot of the shares I had already flipped for a good profit. The information was that they were still generating 4 billion a year and I thought that was a lot of money for it to go under. I also drove to 5 of their locations daily for several weeks and watched the amount of people coming in and found out some were on a waiting list to be treated, so I rolled the dice and took a big gamble. It sure would be nice to have hindsight, but we don't and that is just the nature of the beast. I consider myself very lucky to have had 5 HLSH locations within 25 miles of where I live and that plus the money they were generating helped make up my mind to stay with the play long term. As you know I shoot from the hip, so it was more being lucky on my part, than being any above average savy trader for sure. BOL to you, Walk
HLSH up .45 today so far on heavy trading. Walk
Linchuck: I am loving every minute of watching HLSH going on a ripper uptick with heavy buying. Walk
Wise: I think the only way FMDAY will drop to $1.15 is if we have another red day drop in the PPS. I will be waiting with my buy order. If the market is green at all, I don't see it dropping that far yet. Walk
I have a buy in on FMDAY for $1.15 if it happens to hit that low today. Walk
Linchuck: AKLM could also be making a last ditch effort before it goes under. I know they have been losing money and getting an extention from GMAC is not a big deal, due to the creditor giving the extention just received 100k to do so. I will watch it closely the next couple of days and may pull out with a little gain to be on the safe side of this high risk gamble play. Walk
Linchuck: I own AKLM and picked it up at the low of .31 a few weeks ago. A lot of shares have been trading for weeks now at .31-.33 and holding, so it should have been the bottom. They had news that they received a credit extention from GMAC and it moved to .39 to drop back a little to close at .37. There may be more to the story, but that is the only news I was able to find for a spike up yesterday. There could be a new vidio game in the works, but that is just a guess on my part or maybe just hoping that there is more going on behind closed doors than just getting that credit extention. BOL, Walk.
Linchuck: I hope you hit one of your plays, because I hate to see you have to run to the store instead of driving in a car. Just kidding. Did Scrooge give up playing the market? because he sure has been gone for a long time now. Walk
Joe: I thank you for thinking of me, but I am 90% loaded up in HLSH for a long time now. Have added on the dips for over a year and have 153k shares for the long haul, which I hope will be $15.00 to $20.00 by sometime in 2006. I started out with a 100k shares at .12 and flipped most on the spikes and did real well. As soon as I thought the company would recover for sure, then I started to buy back those shares and more. It has turned out to be very costly and profitable at the same time. Wish I had never sold any of the cheap shares along the way now, but started playing it like I did MCI, Kmart and a couple of others to begin with. I did real well with those, but this one seemed different as time went along, so I decided to stay with my gut feeling and am very glad I did take that gamble. This should turn out to be my perfect storm as a guy named Corsrat on the yahoo board would say. It is up another .54 today and it is now at $5.84. I have been riding this one as hard as any I have ever had. I even took the money I had been playing with in FMDAY and bought more HLSH at $5.20. I am going for broke on this one and am 90% sure I made the right move. There have only been a few times in my life where I put this many eggs in one basket. The last time was a company called Checkers, when I bought it at .35 and Raymond James told me I was stupid to gamble that kind of money with a company that was sure to go BK. When it was worth over one mil then I told them they were stupid, took all my money and started to do all my trading myself from that point on. I found out most brokers don't know squat about making real money anyway. I have about 6k that I am gambling with on some of the smaller otcbbs and will keep an eye on that one you posted about. I have some more liquid coming in the 1st of July to be able to play FMDAY some more, because I always buy 10k shares, so more is needed to accomplish that task. Wish you the best, but most of my liquid cash is riding on the perfect storm and a couple of others. Best regards, Walk
Linchuck: Thanks, Walk
Linchuck: What do you think of AKLM for a future play? Check your charting and see what you think. TIA, Walk
If it swims like a fish, looks like a fish and smells like a fish, then I think it is a fish. It is time to try some steak for a change. Walk
Put DGRLF on your watch list. Walk