thanks sheff. sometimes the reward just outweighs the risk. i did the same thing with AIG at $2 and flipped it for 5.30 seven days later. that being said you and the professors here all all way better at the charts than me but i do have a good gut and six years of trading experience for whatever that is worth. - con

both. just keep some cash in case it goes lower. im in at 2.62 but have more money if it goes cheaper. long term oil will go up and DXO moves up twice as fast as oil = smart play imho. - con

CHART (year 2 portfolio Q)? -

can u take some funds from the year 1 portfolio and move them in the year 2 portfolio so we can get her moving. i dont think anyone will object and 2K is meaningless in the year 1 port.

get her done - con

i played this the exact same way. if oil goes as low as say $25 im all in with over twice the shares i have now. in the next six months we will se 70 dollar oil if only for a day.

just got some DXO myself today @2.62.

chart, what do you make out of the X10 jump in volume in this ETF? i think its the market telling us oil is at a major support level.

chart i miss the risk/reward rating. i know u dont always have time but can u post it even if its after a buy or list it in the emails for at least the new portfolio. im staying out of pennies since getting killed on fesi and frgy so i missed on brpnr but if you rated it high enough i would consider! thanks in advance. - con

old news but if this is true...

naked shorts are here a plenty but sec just don't care...


Freedom Environmental Services, Inc. Comments on Recent Market Activity

* Thursday November 6, 2008, 6:00 pm EST

* Yahoo! Buzz

ORLANDO, Fla.--(BUSINESS WIRE)--Freedom Environmental Services, Inc. (Pink Sheets:FESI - News) today announced that it is unaware of any corporate development which would account for the recent increases in trading volume and decline in price of the Company’s stock.

The Company also announced that no Officer of the Company has sold any shares of the Company‘s stock.

The Company’s management team is focused on executing the planned strategy of acquiring, and driving efficiencies in companies operating in the liquid waste, environmental services and biofuel production sectors. The Company remains committed to drive results and will take all necessary steps to protect long-term shareholder value

you all have my appreciation. you should all get paid to do this imho! - con

must be :) one of these days someone will listen. im staying by my one pick though.

admit it, i know your looking at it... ;)

chart ot UVE: might finally be time


u and the prof's may want to consider adding her on the dividend alone! i know you have heard me bring this stock up in the past. still my only holding other than WU picks on sheer fundementals.

UVE = SUPER STRONG BUY IMO 6-Nov-08 01:50 pm
UVE just announced a 20 cent dividend, double the previous dividend paid on October 30 based on Q3 results to be reported soon!! UVE is a Florida Hurricane Insurer making money hand over fist since the 2005 Hurricane season shot rates up massively, drove out fearful competitors, and the lack of hurricanes since has been a major windfall for this once tiny company trading for as little as .04 now well over $3.00.

What's not to like? Another weak storm season for Florida, PE of 1-2, trades for under book value, pays a massive dividend yield, and announced two share buybacks this year one of which they completed in 2 months and the other underway. Finally, they recently just got licensed to expand into North Carolina, South Carolina, Hawaii, as well as additional high-end markets in Florida.

ive notice the lack of use on the OT for off topic stocks lately however. lets not confuse new-comers - con

FESI chart: this is what i was getting at with penny play's. i have seen these naked shorted into the ground time and time again. i did not think there were even 2million stares out there! and the problem is maybe there aren't...

we have to update the in play area to include SSO

Cryp: keep in mind this ETF trades at 2X the beta of S+p500 so if ur long the market at this point your in a very comfortable position. im for one am happy to be in at $28. remember, on an up day of say 3% in the s+p this will be up 6%+ so these small fluctuations are meaningless. the move were all taking a bet on, and waiting for is a sustained market rebound. a bet im willing to take at these levels. all imho.

hope this helps - con

"ETF taking advantage of market volitility"

- chart will you be going short and long? :)

Prof's: when oil hits $50 a barrel would any here consider a position in USO OR OIL. i think there is a good+safe upside on oil long term and since Chart started with an ETF, i figured i would throw in my 2 cents. - con

okay. i have a limit order for 100@28 in the am. hope i get lucky

nice! are we in for a risk reward rating like on fesi?

thanks i appreciate your hard work

most here have to realize that peney stocks are a whole different ballgame. it the one area of the market where i do have considerable experience and most pinks or BB's, i mean most like 98%, in the long term go down!

here is what happened today: the market was expecting news cause the same rumors we are getting on this board are out there elsewhere. for one, many may have wanted an actual sec filing because pr's in penny land are meaningless and the longer a company goes with only pr's the more it looks like a fluff company.

two, may have been the old buy on rumor, sell on news trade.

We are not done yet if Charts sources are right and the company signs an sec filing and confirms any of the deals up to this point. it will not trade up just from the market, daily vol. , or watching charts however. the only way this goes up is if charts sources are right and there is a "real" deal here. that is the risk we take.

can tina complete the update to the first one even if we leave some positions open indefinitely? i know we took a hit at the end but newbies need to see the great overall performance of WU's first year to have confidence moving forward.

FESI-cant say for sure but smells like we see a PR or SEC filing soon. with this change in upward vol. someone usually knows something and chart, good call. this would put my WU account green again in the worst trading times we are likely to see.

THANKS CHART!!! i like the system so far. simple but informative. now newbies can decide to play it conservative or not on the amount of share they by per purchase! -thanks - con

is FESI the only current WU position?

i should have clarified that all the ones i got in the mail tanked big time. that's why im watching for the new sec filing.

i agree. the way its advertisement is drawn up on the WU home page reminds me of all the penny pump and dumps i get in the mail. that's why an sec filing stating the completion of the acquisition would be huge.

i did play a .10 cents penny once that went to four bucks. could have made 100k, but only half sold for a 10k gain. oh wellp-con

chart-are u expecting a pr stating the completion of the deal to acquire the Florida processing plant.

what does anyone think of WB again as a two day play for friday's 8 am deadline. i feel as most pr's seem to indicate that shareholders will get the $7 per share buyout whichever what this plays out so how can u go wrong if u can buy it now for $5? Low downside risk on this trade either way no?

any thoughts. i think im in tom either way

Okay thanks. CITI. with 20%+ funding from Saudi Arabia and the bill passing in friday there is no way the go under. i forgot to mention them in my post but im with u. they are certianly on my list and i may start building a position this week.

thanks - con

Monkish: -i liked ur Wachovia play. i was thinking it and did not pull the trig. i did get in on AIG and made a real nice trade.

need ur opinion, i see the financials as being most beaten down. i feel there can be a great up-side to these stocks as they will be the first to bounce back in a market rally(this has to be the case since they are causing the down trend) Im watching SOV as my pos. next WB. Do we think alike on this sector and if so what do you see as the next bank or Ins. co. to go for. thanks prof. - con

anyone here know the story on ot:IAR? how could they have a pe ratio of 0.27 the div is almost 200%? im assuming they must be about to go bankrupt and they must be about to release a new earnings statement otherwise its a buy. can anyone help here? i just came across it today and have never seen anything like those numbers before on fundementals. thanks in advance for a comment or two.

exactly!!! I just did what u described with 20% of my personal portfolio when AIG hit 1.99. sold it for 5.35 and made $2200 in 5 days or so.

in moderate amounts these plays have value but newbies need to know its a * one star high risk play for example.

thanks for the support. what i meant with marginable securities was we really should be taking some short positions to balance the portfolio. especially if the market is in a long tern down trend. "the trend is your friend". we have been hit here at WU as well as other boards because its hard to make money on the long side when your against the flow of the whole market. we have to consider the possibility that this trend may continue for another year or more. Note: i am not saying all short positions i just think the same system being used now can be obviously be used in reverse and it will balance the portfolio risk wise.

on the comment about the rating system, maybe we can vote for what we would like to see and chart or tina can come up with something. it also should be simple enogh that one could see it without opening the email for example like:

Buying AAPL@125 *** (three star being best) lower risk here.

thank you. i apriciate this board helpfulness reguardless of the amount of trading experience one might have.

also i was wondering if we were going to short the market at some point. obviouly your chart pattern, moving averages, method can work just as easily in reverse and we will make way more money trading with the trend of the broader maket on ocasion that against it. i was here in may/june when you moved into pennies and out of bigger board stocks as a defensive play, much of which i followed, but pennies are volitile and do expose the portfolio to more risk than trading with the trend.

I only mention it now because in a week or so the current short ban will be lifted on over 700 stocks and i will naturally be a down day for many. perhaps we could prepare for a pick or two ahead of time on some old beaten down stocks like Wachovia Corp. (WU), or another financial? just and idea

PLEASE READ: just a suggestion: chart if u do start a new portfolio or just stay w this one i was thinking about adding a simple rating to your picks based on risk, or how strongly you feel about that particular stock.

For example: Ive noticed you've already tried to do this in some of your emails when you put out a strongly recommend like on FESI, but there must be others that are good as far as chart set-up but involve a greater degree of risk, and or doubt in your mind either based on fundamental or just your level of confidence. When AAPl was recommended here, just by the nature and fundamentals of the stock; could not be nearly as high a risk as FRGY, though we could have made significant money on each trade if traded properly.

Also an advantage i see to this would be that newbies wont get as mad at you begging for your exit point, granted they wont make as much either but will have the option to only buy the safer/stronger rated picks!

Finally just as an example looking over some of the moves from the last six months, your email could list AAPL(***) three star as a high confidence low risk stock, and FRGY as (*) if you wanted to specify as a high/mid confidence, higher risk pick. i feel like though it is their sole responsibility, many newbies, like a buddy of mine who also trades here, risk too high a percentage of their portfolios cause all they look at is the amount of shares your buying vs how its weighted to WU's overall ration in the portfolio.

I am up to $6,250 on a $5,000 initial investment with WU starting in June '08', but feel i would be down had i not had my previous five years of trading experience to fall back on. I hope this does not offend any here and hope chart would would strongly consider this or your own version of my idea. In the end having more traders, newbies or otherwise, can only HELP the success of this team. - con

ot AIG: i got out at 5.33 at open. looking to get back in around $2 or Oct.2nd. i expect good news when CEO Liddy gives his conf. call.

i know this is not the style for the chart watchers on this board but if anyone here is watching this one lets share ideas. I THINK THERE IS MONEY TO BE MADE ON THE LONG SIDE HERE!, thanks-con

AIG ot: Did anyone else through a little at this one?

just curious what your thoughts are now. I liked the fundamentals, too much value there when it was so low to not take a shot. Liddy's comments coming out this pm point to the insurance division staying a going concern long term. Good news! replies appreciated even if u did not buy, thanks - con

I actually threw 1k at OT: AIG at $2 today. If they really have a trillion in total assests, then this loan should be paid back in a matter of months. Though i will be left holding the bag, i have to believe that bag will be worth more than the two bucks i paid. Anyway did not risk much, just a flier. - on

FRGY - im afraid we might be done. looks like the typical penny death spiral :(