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Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I don't want anyone in sub land to think the market is picking on just you. Every last one of my small- and mid-caps look like they all just declared bankruptcy.
The market has really been in a sour mood all week! Maybe some nice weather will improve trader's moods.
A pox on the market this week.
Chicken pox!?!? BUMMER.
SUB must be heading for a baloney sandwich.
GV: keeping an eye peeled on this one for sure tomorrow AM. Hope I haven't missed the boat already, but I do appreciate the chart and comments. Could be some real beer money here.
Out of PAL at 13.20, but it was sure fun while it lasted. I was hoping for some signs of life today but no such luck.
Geez, ROXI kinda fell off the edge of the earth, didn't it?
STEI closed at 7.83. I got in for half a postion at 7.77, liking the fundamentals and also its recent TA. If it doesn't break sharply down in the a.m., I'll pony up the other half.
It's slightly weak on volume but it fits my trading style to a "T". My target is $12.50.
Do your own DD. You may not like this stock, but I always like to post a new addition in case it goes 'to da moon'. Hope everyone made a ton of money today!
...38% the crabs of sugar, the same taste...
Man, there really getting carried away with the additives lately. :)
(sorry, I couldn't stop myself)
SSPX appeared on a scan I ran last Thursday, so I began watching it closely.
It sagged badly yesterday morning & I put it down as a low priority. Then sure enough, I get distracted by some bright shiny object and completely missed the gap up this AM.
*sigh*
(Michigan, you would know me as Moon Pie)
A word of thanks. There is a wealth of information to be had on this board for those willing to read, study, and learn.
Although I cannot be as active a trader as I would like, due to my current "real" job, the TA techniques I have picked up here have really proven to be accurate 3 out of every 4 trades. My chart reading has improved 1000 fold and I want to take a moment on the weekend to say thank you to all of you who are willing to share your knowledge with the rest of us.
Although I don't have any issues under $5 to talk about, using the chart reading techniques I've learned here I have made some serious money on ENDP, PAL, and CRUS.
Keep up the great work and I'll return to my lurk mode.
James.
DO go to Investopedia.com and click on their SIMULATOR link.
Here you can set up a complete "practice" account and buy and sell stocks without risking a dime. You are given $100,000 to trade with and it is not only educational, but sometimes fun since you aren't using your own dough.
Also get familiar with the rest of Investopedia.com. It is a valuable source of info about the markets, charting, analysis, and lots of other cool stuff.
They have one of the best candlestick tutorials anywhere on the web.
And best of all, it's free.
DO remember that you are the market. It is not some
ghostly shadow that does mysterious things out of your
sight. It is what you make it, what I make it, and
what every other trader makes it.
The market does not go up by itself, it's the traders
buying more than the sellers are selling that makes it
go up.
And don't blame every misfortune on the market. Examine
closely the actions that led to the disappointment and
learn from it.
DON'T fall in love with a stock. By that I mean, if a stock is approaching your previously established stop loss price, don't change your stop loss just because the stock has been good to you; you've made a tidy profit and you want to give it another chance to turn back up.
For sure the stock has no loyalty to you. It will turn on you faster than a raging tiger.
Thou shalt neither buy nor sell when thou art in a state of panic.
If you have set realistic exits for a position, in both the up and down directions, you should never have to panic sell.
I thought I would have something to add to the board, but everything I was going to say has already been said.
HOWEVER... I sure did learn a lot from reading the other posts. Gained lots of insightful information that I can actually use. Thanks to all of you for taking the time to do this wonderful board.
Spill
Long bargain hunters could have a treasure trove of stocks to pick from this afternoon. The sorry jobs report has sent futures reeling down and any "undeployed capital" you may be holding could be put to very good use today.
I churned my portfolio early in the week and took back a little profit, so I'm going to be looking hard at some of my personal-favorite stocks this pm.
Needless to say, the shorts ought to do very well today.
Faking out Murphy's Law. You all know that Murphy's Trading Law says that any stock you sell will immediately rise 25%, and any stock you buy will immediately fall 25%.
This phenomenon is caused from the weight of your hopes and fears being placed on or removed from said stock.
The Reverse Murphy Play Head Fake:
This morning I placed a bid at a penny below the bid on a stock, and kept it there all day long. Sort of like I was just daring the stock to come down and get me.
Well, it turns out the stock rose 18% today. I didn't get in it, of course, as my bid was always a penny below the current, but the folks who own that stock all have to send me a $10 bill!!
Several companies that supply hardware to the telcom sector did well today.
IMHO the companies that produce the devices to allow communication of all the information we've aquired in the last 5 years will be the big stocks for the loooooong term. As in the next 5-6 years.
Hi gang! Just thought I'd drop by and say "Hello" to all of you. I sure miss the subs board. Everything else is bleeding red today.
So I'm sitting on my hands, stopped out of my best mid-caps and finding no bargains as yet.
Hope you're all doing well. Cheers.
MOT - Motorola looked like a real bargain at 14 last December, but for some reason I never got around to buying it. And I've been kicking myself ever since.
I was hoping against hope it would retreat back to 14 today, but no such luck.
Obeying this golden rule of trading has saved me a lot of money today. Well said.
Yep, I got stopped out of a stock I was really enjoying. As you said, "Ouch" that did hurt.
I was second guessing myself, wondering if my stop was set too tight, but it went on down another 12% so I felt a little better.
Bargain hunters will be out in droves when the dust settles. I'm tempted myself, but for right now I also am just "sitting on my hands".
Good stock bargains tomorrow. Sold a lot before I went to Disney, just got back yesterday. Now I find myself with some cash and should be come good buying opportunities this week. Intel may become the bargain of the year if it keeps falling like it is right now.
Golden rule # 7: Buy on rumor, sell on news.
bb_ I'd say that his is another one of those
boards that I'll learn a lot from.
And as you well know, the more you learn, the
better your financial rewards are.
bb_ Fancy meeting you here. :) em
CRAY chart. Stock got beat up badly ten days ago
when they were a little too honest in their forward
looking statements.
I feel like once the MACD & Stoch cross over, and the
OBV goes positive, 11-12 dollars a share could easily
be possible. I would appreciate any and all input.
Disclosure: I took a position in this stock today.
But I'm an idiot, so you'll have to do your own DD.
Newbie to the board. My name is James and I'll be reading
your posts, and maybe once in a while I'll post a chart
or some other item that may benefit the board members.
I'm not a basher or a pumper, just an older guy with
a retirement portfolio I'm trying to grow.
You all seem like a good bunch of people. Hope I
fit in. Thanks for your time.
Calandra-Surely everyone remembers IVAN.
I sure do. I donated about $500 to the MM's Relief Fund because of his pump and dump scheme.
I'm printing my IVAN records even as I write this, in preparation for the class action suit against Thom and CBS.
//set bitter mode=off
Another MM trick. One of my mid-caps had been on a nice
run since the first of the year.
Naturally, since I'm making good money on the stock, I
set a protective stop - just in case.
MMs are needing shares, so they open the market by banging
the stock down hard for a few minutes just to take out those
protective stops, then zip... right back up to yesterday's
close.
Sigh* It just happened to me.
Wow, what a ton of info! I knew pretty much what
front loading was, but now I see it more clearly
and it's great to know what Price By Volume is
used for.
Thanks.
Spill.
Well, hack, when I've been wrong and you've been kind
enough to point it out, I've ALWAYS learned something.
So I don't mind if I get out of line and need correctin.
CORV as an example of many telecom stocks that are making
charts similar to this one. They're popping up all over
my scans lately, others include MCDTA BRCD HLIT and DIGL.
I just made some nice gains in Lucent and JDS Uniphase.
The question is what will they do from here? Is this the
next "hot" sector?
Your thoughts and comments are welcome.
Oh, and obviously I'm not buying CORV at this time, but I'm
going to watch it as a test case because it could start
making strong buy signals before the end of the week. Note
the potential abandoned doji.
IBZT returning to her old ways. I told you guys not to make such a big fuss over her, it turns her head.
QBID- Last sale at .0003.
When was that... when Truman was President?
ROFL!
Hey e'body! How's QBID doing? Just on my lunch hour & thought I pop in and see what was up, what's down, and who's been delisted or filed an S-8.
Sort of like a poor man's pink sheet dot com. You get the nitty-gritty straight poop here, none of the legaleeze.
Thanks for that info. I was thinking the F stood for "Freakin'".