Makin' Bank ;)
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Good post! It's always wise to manage our expectations with penny stocks, especially the subs.
I only invest a little bit of PLAY money in several of these as a lotto play only - and hopefully 1 or more will become a nice gainer.
If not, my losses are small and I sleep fine. ;)
You often make good calls prior to some decent runs. I grabbed a small position @ .0007 before close. Looking forward to momentum.
Nice post - all there in black & white. It's good to be mindful of a co. executives' prior behavior.
Still, I'm just playing this thing for the 'potential' momentum to come.
To my knowledge, there are no requirements for financial filings for pinksheet stocks. So you may not see anything regarding planned sales, etc.
I really like the consolidation pattern in the weekly chart for ABIO. I'll be looking to take an initial position probably this week and look to add if it can hold the 50sma.
Good job, L-back
Took my first position today @.0056 after looking at the chart - very impressive accumulation pattern. Wish I saw it a month or more ago like some of you folks.
Kudos to those already up with big percentage gains. It looks like there's more to come.
What an awesome mover! Good eye on that one - wish I caught that move in TTDZ. Kudos to those who did!
Great instincts - and you nailed the target. Kudos!
Good job, Eco! I hope you banked bigly!
Nice bounce off that 50sma. I should've snagged some then.
Took a small position @ 2.75 today...have an open order to add more @ 2.60 if it gets there. Looks like there's support in the low 60's.
Though you have the 45MA shown, JCP is also banging its head against the 50MA of late and I suspect a break thereof is coming.
I'll probably be exercised my short 19 puts tomorrow at close and I think I'll hold those shares for a break and run over that level.
Bot 300 sh. GNC today, average 31.06..hoping for a sustained bounce on the 4th.
Haven't seen any news regarding the cause of todays' plunge - neither Yahoo Finance nor Bloomberg.
If anyone knows, please reply.
I haven't see this news posted yet so I thought I'd
go ahead:
OCZ Technology Receives Extension to Regain Compliance With NASDAQ Listing Requirements
Yahoo News link
Good advice...would love to sell some put spreads when bottom is established and/or buy some calls.
Good stuff...I appreciate the info. on binary options. Have you found any brokers that stand out from the rest? I think AnyOptions has the 15% return for OTM options which is attractive.
I'm also considering finding a broker that simply has a high percentage return.
Not sure how the transaction costs vary among the brokers, though.
Also, the broker(s) in Cyprus, etc might be ideal for avoiding taxes.
Much to think about.
Any add'l info. you've gleaned would be greatly appreciated.
Well I sold the VXX 31's thinking it was safe there even with a little bump in the market...not looking so good now though.
Might have to bail on this position.
I sold some weekly VXX puts @ 31 earlier today...I gots a baaaad feelin'
...and they keep gettin' cheaper.
Hey, sorry I didn't catch your msg earlier. My breakeven on the 62.5 put spread was 61.96.
Breakeven on the 75 call spread was 75.51.
I was surprised at the strong move today after the already strong move into anticipation of earnings extending from August 2nd.
I could've bot back the call leg prior to LULU hitting my 75 strike today, but decided to roll the same call spread into the next weekly for a .56 credit, thinking(hoping) the stock might retrace this exaggerated move.
The 62.5 simply expired out of the money.
I think from now on, I'll be more careful with iron condors around an earnings play because of increased volatily & widened standard deviation.
I could've sold the 80/85 calls instead, though offering less premium, since they would've been well outside the range of 1 std deviation.
LULU will have earnings conference prior to market open this morning.
I sold call spreads @ 75 - and sold put spreads @ 62.5...which makes an iron condor.
Hope its little wings don't get broken. If 1 of them does, I may just roll into next week for credit.
My CMG sells expired worthless. Worked out well...might sell some more next week.
WEN may get a bounce from this area, since it is sitting near a low from last October(4.29)...and is near the bottom of its' bollinger band on the weekly chart below.
However, it did make a new almost-2-year low today - and the next target to the downside is 3.84 from late August 2010.
I'd bet on a bounce before that happens, though.
I appreciate that link...some great info on that site!
CHK holding up very nicely...wish I sold those 19 puts instead of CMG - doh!
AMRN broke a previous candles' high today after 7 days of lower highs...pretty bullish action today, considering the market bearishness.
<----chart
I remember IGXT from a ways back...it's been chuggin' along nicely.
I'm taking the opposite trade with a bull put spread in CMG @ 290/285 for this week. Getting too close for comfort, though.
Kudos for keeping your losses much smaller than your wins.
Back at it again with (6) 290/285 bull put spreads in CMG for this week only.
Tomorrow could go against me at this rate, though.
Might have to roll them into next week.
Sold CMG weekly 295/290 put spreads today @ 1.00 ea...
Sold UAL weekly 19/18 put spreads today @ .15 ea.
I think I'm pretty safe with UAL at that price, CMG is a little more iffy.
5 days can be an eternity
Grabbed 5 weekly CMG 295/290 bull put spreads for 1.00 credit earlier this a.m.
Glad GOOG's up after hours. Holding a weekly sell put spread @ 530/525. I might buy it back tomorrow for cheap - and sell AAPL call spread 650/655 for next weeks' earnings.
Sold next weeks' AAPL 640/645 Call spread for 1.10 - also sold 650/655 @ .80.
Earnings coming after market 7/24.
Sold some May vertical call spreads in CRUS @ 29/30 for .20/each. Not a large $$ play, I just hope it holds.
Good info, Mikey. I'd like to accumulate more silver soon before the metals take off further.
LOL, I know - it was a risky play for SEVERAL reasons...not the least is that I didn't know they had EARNINGS coming last Tuesday. DOH!
But I gave myself a nice wide berth with a PUT sell @ 535 and a CALL sell @ 630. My profits were smaller with that large a range, but it created a somewhat safer play.