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.
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.
LEHMQ: YouTube Video
Good video on LEHMQ on YouTube....chedck it out here -
No Joke:
Agree - these sites are useful if you are looking to take advantage of momentum moves. If you are looking to fall in love with the stock dreaming it will go from the pennies to the NASDAQ and you from beer to champaign you really don't understand the penny stock market.
today I've made money on MEMY, SCU, SOEN and waiting to take another position on IMMC all of which I saw posted on Trading-Pennies.com this morning. i also made money on JYTO on eXplosive's picks......i have NO INTENTION whatsoever to hold onto these stocks beleiving I can sit back and retire on the hype touted by these picks sites....i just take advantage of it.
DAK:
Grasping at straws to save any resemblance of face IMO
Live2Trade:
I contacted T-P about this and they wrote back that they emphatically re-state that they do not under any circumstances accept any form of compensation from the companies listed on their picks page. As noted they do occasionally have positions in some of the stocks they list but state that these shares are bought in the open market.
If you have hard evidence against this please send it my way as I would like to submit this to them for explanation.
Sooner Girl:
As far as I'm concerned....if you still got something in the coffers...you're still in the game. To all those out there anything is possible. During my learning curve I had come to a point where I had to begin looking to the sub-pennies as my base had dropped so low that I couldn't purchase much more than that. I went all in in a trade in a stock much like the recent GCOG and got an ten-fold ROI over the course of 3 days!
I vowed right then and there that I would only enter trades that met the rules I had established for myself by then(yes people, I just admitted that I had broken my own rules with BCLN but I am human, and without failure the market has always reminds me of this......I'm from NY and keeping my ego in check is like trying to give up smoking :)!)...but over time i rebuilt and since then have added on a few additions ;)!
Bottom line....hang in there, learn, believe in yourself and do your own homework...most of us got into this as a means of financial independence.....my advice?! Be independent - make your own decisions and learn from your own mistakes.
Now that will be an earful! Good going! This is one of THE only stocks I have ever played that did not have an average 20-day average daily volume of 100,000 shares or greater.
I went for a scalp play based solely on the depth of the price drop and extension form the most common moving average line on a stock that had no prior history of any track record of participation and what I failed to think about was where the support is on such a stock.....lesson learned?
There is none!
And as human nature would suggest...the natural whole numbers are the first places to look (unfortunately I put mine at .06....WRONG!)
That is something that will be hashed out in the next couple of weeks and at what levels is yet to be determined. In such infancy the most trusted would be the intraday data as there is not enough history yet in the daily's. On the intraday the .04 and .06 are the most likely to the upside.
I will continue to use the major pump sites as resources as it has proved to be very valuable over the years...to get in on the infancy of a promotional campaign is golden! (an interesting note to all is T-P - their disclaimer is an interesting read as they are one of the few sites that do not (per their disclaimer) accept compensation from companies in lieu of being posted on their pick list).
I will add this lesson to my rules list and temper my decisions by it. The recent volume in this stock will provide interesting scalp plays in the days to come (IMO) and I will try to take every advantage of them.
As board members go I like the members on this site and while touting other stocks is against the rules I hope to keep in touch with many of you in our travels. Where I can help us all make a profit I will.....and I hope you will do the same.
BP:
Well for me the Vegas image he places on his page alone is enough not to take him seriously.
If you are interested in learning about technical analyiss then buy Alan Farley's book on Swing Trading, if you want to understand how to invest get William J. O'Neil's How to Make Money in Stocks and if you want to understand the pennies get trading-pennies How Professionals Trade the Penny Stock Market
These boards are a great place to get ideas and feel the current sentiment - but to go into something with nothing more than someone else's opinion is suicide.
I'll express my ignorance....who or what is BP?
Tess:
I made the bulk of my money when I started (and to this day)trading the pennies....I invest in the larger markets but I trade the pennies. You cannot confuse the two. The majority of pennies make their moves on news events (real or perceived) and promotional campaigns and like this stock and VDTI you cannot view pullbacks off breakouts in the same way as the traditional markets (I knew this but let my ego get ahead of my rules and like you I got bit as well).
This is just one of the many lessons you will learn take it to heart - you're not alone. Learn all you can, cut you losses and don't get greedy. Don't believe that the stock that you're in is the greatest thing since sliced bread - let it prove it to you as the only good stocks are those that go up when long or down when short....aside from that use the BS to your advantage but never buy into it.
Good luck and if I can be of any help in the future just ask.
I'm glad I didn't hit the buy today at the open as I was planning to but to those that bought in yesterday it lloks to be forming a base with a good chance of getting the typical 38% bounce from the low. I got in at .06 and am looking for a litle piece - I really thought that such a ow volume stock with a press release of such potetial would have reached up today.
BCLN:
Everyone who trades the pennies knows that it is the promotional campaigns that these companies pay for that produce the explosive moves of these stocks and the best place to make quick money is to get in on the pre- or early phase of these promotions.
One of the sites that I use is Trading-Pennies.com due to their track record for picks with regards to this. I also see BCLN posted today on eXplosive.com and TradeWithoutEmotion.com ...looks like tomorrow could prove interesting for us.
IMO
That's it for me - broke even on the last play. This goes under the .08 level alert - until then people, good luck.
Technically speaking (for what it is worth) - the .165 is a moderately strong intraday down trend line the VDTI past through the other day.
Technically a break of the .205 would confirm a classic 1-2-3 trend change pattern and a re-test of the .24 probable. The last .175 post was a re-test of the down trend line - watch the volume at this level.
Technically speaking:
If VDTI holds the .185 it will have broken through an intraday downtrend line. If you take the height of the decending triangle that was broken and project forward, the .23 is the next target. The 200MA is still above at .19 but it's angle of decent (measure of resistance) continues to decrease which is a good sign.
Time will tell.....
On a technical basis all I can say is that the close at .19 was a good thing. Would I have liked to see a ton of volume into the close suggestive of insider buying of a pre-market news release....sure. But the volume on the ask towards the close was confirmation of a bottom implied and further upside movement anticipated (and let's face it ...the smart money on wall street anticipates future events and does not wait for the confimation typical of the dumb money (actual news release) but instead preys upon it to distribute shares.
I can only say that with my experience in this market (pennies) that currently the .18 level with what I've seen in recent price/volume action that the risk:reward ration is currently in favor that currently hold position. - IMO
Tomorrow of course is another day and the only advice I can give is that the only good stocks are those moving in the direction of your current position. What ever position you hold I hope you have a great day (just as long as in you are in the same position I currently am :))
God I love this game!!!!
P.S. Trading-Pennies.com and eXplosivepicks.com (the former better the latter OK) have positive notes on VTDI for tomorrow's trading......time will tell.
Great trading people...best of luck tomorrow!
A break and hold above the .19 would be a very good sign for tomorrows trading! It represents a break above athe current intraday downtrend line and prevents the formation of an intraday descending traingle. Also a volume break would break through the resistance of the intraday 200MA which is currently is the most significant overhead technical factor.
.185 is the support of a longer term intraday up channel. Watch the volume at this level and beware of low volume head fakes to .18. projecting this channel out still looks to the .24 - .25 level.
Hasher:
I was thinking the same thing - I just hate trading the lulls of the afternoon.
Technically it looks to be within the .15 - .25 range. The .205 tested the midrange of this and it is likely that it will retrace to the .175 before re-testing the days high. If this is so the next push would be to .23 with a re-test of the .2 before pushing to the .25.
This is all speculation of course but the dynamics of intraday trading suggest this as a possible scenario.
A hold of the .185 forms a new up channel with a target of .245 (if timeframes hold true) by the mid-afternoon period.
Next point to take out is the .21 which is the longer term upper boarder of this shallow up channel. A break of this usually goes into a steeper up-channel angle.
.17 represented the bottom (support) of a shallow upwards channel in the intraday chart with .19 a test of the upper boarder in early trading.
VDTI:
Listed on Trading-Pennies breakout stock pick list today.
ART (response to boiler rooms):
Most of the "boiler rooms" are actually great places to go for plays in the pennies as long as you don't marry yourself to the stock. As they go try the one I use. They were unconsicous with regards to their picks today. I don't know what they do or how they do it but I look at them as a good resource to find those stocks in play for the day.
VDTI:
The close above .18 today is very positive.
VDTI:
On a technical basis in the intraday we're being squeezed between the supportive uptrend line and an over head but relatively flat 200MA. Time will tell but to break above the high of the day would be significant in the short term. IMO
RGRP:
A word of caution. On an intraday basis RGRP has broken the neck line of a head and shoudler pattern and is dangerously close to breaking support of the 200MA at .4.
Hasher:
We've all been watching this one and today it popped up on Trading-Pennies as a potential breakout play today. They have a good track record and seeing the other posts by board members of other sites talking about this, it looks like the next promotional campaign wave is looming. And in the game of pennies, that's where the buck lie (pun intended) ;)
Hasher:
You know I saw you taking a piece, looked at the intraday price/volume action and agreed that this (the .17) was a good place to take a little position.
VDTI:
On an intraday basis the .16 level right now is important as it represents a test of a supportive downtrend line we meandered through this morning.
VDTI:
If this gets past .18 with volume conviction it could be game on!
If volume comes in the technical long range resistance line today is the .33-.34 level.
Good rules!
The hard part in life is to have the dicipline to obey them. In all my years trading the only times I lose money is letting my ego tell the market it's wrong.
Interesting point right right now on an intraday basis. .17 is resistance on a number of levels (downtrend line and price level) with the suppressing descending 200MA over head. Watch out for head fakes - only consider taking position if on considerable volume break.
Tory:
I while back I bought a manual from this site I like on how professionals trade and started looking at things a lot differently. Go back over the course of the history of the stock and you will see what I was talking about.
VDTI:
I really don't see any technical support until the .08 - .12 range and it not a firm one either as it was caused in a period of extremely low volume.
I agree - I typically stay in for the double upward push on a morning breakout and get out of my position until I see how it behaves in the afternoon and going into the close. Being the Fed i speaking today I thought it prudent to take profits and who would argue taking 40% profit as a bad thing ;)
RGRP:
Caught this the other day on Trading-Pennies at .335, looked at the historical range expansion and took 70% of the position at .42 and the other at .48. Looking for how it behaves later in the afternoon.
Good looking base break out!
That's old news
eXplosive SCAM!
Like i said, I was wondering how these guys were going to try and spin it today. Just last night they went off saying that at .36 in todays trading was a "tremendous BUY point target recommendation of theirs!!!!
Now these guys think that we have the attention spans of goldfish and have the gall to put out crap like this as if they KNEW it all along. ANYONE and I mean ANYONE who has their subscription should cancel it IMMEDIATELY as this is one of the biggest sham sites I have ever seen.
Can you imagine they actually wrote...."WE WERE FLAWLESS!"
PLEASE!!!!