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EVO

Followers 614
Posts 22022
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Alias Born 09/01/2003

EVO

Re: None

Saturday, 04/10/2004 1:04:45 AM

Saturday, April 10, 2004 1:04:45 AM

Post# of 396422
ALL SHOULD READ: In regard to the recent PMs I received and stories I've heard about people not being able to make any money in this market or how they are losing money, I have decided to share some of my thoughts on this issue. I got
many PMs after sharing my recent run of bad luck last week with the BOT board. I made it sound much worse then it was because I know my potential and the trades I was placing really didnt' make sense and I knew it before I placed
them. I didn't lose, but I was more upset with my decisions.
Please I don't want anyone to get offended by this post and its only meant to help some of you who are struggling. Also please for those who regularly contribute to this board, dont get offended if I don't mention any of your recent calls as examples below...This post is not meant to offend anyone, only to help give good advice to those who have been struggling. Also this post is not meant to be biased, bragging, pumping anyone mentioned in this post.

A little backround info on my trading history. For those who've known me throughout my ENTIRE trading career, you know my story and could back me up on this. (Prince Cove is a regular poster on IHUB and is a long time friend of mine
who I first met when I started out and have actively spoken to/kept in touch with on a regular basis) I was 14 years old when I decided to take my first stab at investing. I didn't have "daddy" or "mommy" teech me or guide me when I first started. I started from SCRATCH. I was so clueless that I at first thought "Dow Jones" was the lady who ran the stock exchange and the "QUOTE" box in my AOL was where you entered your last name to pull up your account. This is how clueless I was when I first started. I struggled the first month to make a profit as I was slowly learning everything day by day. Within my first 6 months I ended up gaining 1800% on my original investment. There was one 2 week span where I ended up making more money them my mom did that entire year. I thought I was the man making the money I was making at 14-15 and thought it would continue and never end. The market humbled me VERY QUICKLY and I ended up losing pretty much all of my profits in the next year. I took some time off in 2002 to concentrate on my school work and try to forget what happened in the markets as I was young and still had many bright years ahead of me. I came back in March of 2003 and have been a regular poster on RB at first and then mostly IHUB. So from my time back I won't go into much of that part as those who follow my posts have known how I've done. I usually get PMs from people asking me how I got started, etc...and I never had a chance to really reply so thats why I decided to do so and this also shows others that anyone can succeed in this market.

Now let me get into the fact I don't understand which is how people are losing money in this market. I am going to use OMNI as my example in this part. IF I was a newbee just getting started WHO absoletly didn't know what he/she was doing and just followed OMNI on the stocks he goes into at the prices or close to the price he posts he got in, I wouldn't have to get my butt up off my chair and go to work. I give OMNI a lot of credit for POSTING HIS EXACT BUY POINT on a stock as many other posters from various boards never do. Usually when OMNI goes into a stock he mentions before hand what price he is looking for a break at for him to get in. This gives EVERYONE an equal opportunity to get in. Now
everyone is human and we all make mistakes. There are some picks that will go down so I'm not saying all his picks go up. Now let me show you some of my examples JUST this month (ONLY BEEN 7 trading days so far) from his posts and reason why I THINK he saw in these charts and why he got in.

Also after reviewing OMNI's picks will review the 3 stocks I was pounding the table on so far this month.

I will mention every stock OMNI posted he got in on, this month and use his consistency as the main example of my post. This way no one can say well your biased you didn't post on the one that went down or didnt go up.

OWENQ - Put on watch and mentioned what price was key. After the .75 broke the stock went to .92, everyone had a chance to get in and get out as the VOLUME was there. The return could of been maxed out at 21%.
http://www.investorshub.com/boards/read_msg.asp?message_id=2757199
http://www.investorshub.com/boards/read_msg.asp?message_id=2757233


BOCX - Gap and run alert was placed on this stock and this was OMNI's first gap and run alert given in a VERY long time. Stock close that day at .53, everyone had a chance to get in. The run ended at $3.50. The profits from the trade
could of been maxed out at 660% Now I dont want to hear well BOCX got halted blah blah. YOU TRADE IT FOR WHATS IT WORTH. If you got in at the call and had the chance to sell up to $3.50 and didn't then you can only blame one
person and thats YOURSELF.
http://www.investorshub.com/boards/read_msg.asp?message_id=2758401
http://www.investorshub.com/boards/read_msg.asp?message_id=2770531
http://www.investorshub.com/boards/read_msg.asp?message_id=2772083


DLGI - alert given, $.85 to $.95 was a 10% gain SO FAR. I personally believe this stock will continue to rise. Once again another profitable trade...might not be as impressive as BOCX, but thats not the point. The point is STILL PROFITABLE and not a LOSING TRADE. I think it continues its move up from here.
http://www.investorshub.com/boards/read_msg.asp?message_id=2770468


IPVO - $1.10, stock hit about $1.30 so far for a max gain of 18-20%...
http://www.investorshub.com/boards/read_msg.asp?message_id=2770868


HIET - $1.82 was the buy, stock maxed out I believe at $3.60 which is a max profit of 100%. This was a sector play military/security related. Went blue sky and didnt' stop.
http://www.investorshub.com/boards/read_msg.asp?message_id=2784936


MSSI - $.28 buy point...hit high of $.375 which represents a max profit of about 30%. This was another sector play military/security related.
http://www.investorshub.com/boards/read_msg.asp?message_id=2791920


SWYC - $.74 posted in. Few hours later stock hits $.84, profit of 12% in a couple hours. Break out of FLAT line consolidation.
http://www.investorshub.com/boards/read_msg.asp?message_id=2804598


Now let me share with you the 3 stocks I pounded the table on so far this month.

MOBL - I first compared DLGI and MOBL shares before BOTH BROKE.
http://www.investorshub.com/boards/read_msg.asp?message_id=2768827
Both had similar FLAT line consolidation. Some follow up posts I put out on
MOBL pounding the table.
http://www.investorshub.com/boards/read_msg.asp?message_id=2768880
http://www.investorshub.com/boards/read_msg.asp?message_id=2768846
http://www.investorshub.com/boards/read_msg.asp?message_id=2776626
http://www.investorshub.com/boards/read_msg.asp?message_id=2778094
http://www.investorshub.com/boards/read_msg.asp?message_id=2781962
EVERYONE had the chance to BUY MOBL at $.10. The stock hit $.175 3 days later. Thats a maximum gain of 75% SO FAR.


BIOHF - Posted first at $.72 and it hit a high of $.92 the next day. Represents a maximum profit SO FAR of 30%. Once again FLAT LINE CONSOLIDATION ON THIS ONE.
http://www.investorshub.com/boards/read_msg.asp?message_id=2797070
http://www.investorshub.com/boards/read_msg.asp?message_id=2797121


FRCP - posted buyin at $.285. followed by mentioned I was adding at $.31 break. Stock hit $.35 the following day after the call. Maximum profit of around 25% if you got in the first day and 12% day trade even if you bought on the day after.
http://www.investorshub.com/boards/read_msg.asp?message_id=2797292
http://www.investorshub.com/boards/read_msg.asp?message_id=2802035


LETS RECAP
OWENQ 31%
BOCX 660%
DLGI 10%
IPVO 18 to 20%
HIET 100%
MSSI 30%
SWYC 12%
MOBL 75%
BIOHF 30%
FRCP 25% OVERNIGHT HOLD OR 12% 30 MIN DAY TRADE

THIS IS JUST 1 week so far Not 1 losing trade that WAS POSTED so far that went wrong. Sure I had a couple trades I lost money on and I'm sure OMNI has had a couple this month too. I dont post my scalp plays because I'm not out there to screw others over and get them to buy when I know IT'S ONLY WORTH A SCALP FOR ME I'm sure OMNI only posts stocks that he goes into in which he believes others can follow in and make money on them also. If this wasn't the case then this board wouldn't have become as succesful as it has.

Those are maximum profits posted. Keep in mind not many get out at the HIGHS. However, EVERYONE had a chance to get out AT A GOOD OVERALL PROFIT is my point. I PLAYED EVERY STOCK mentioned in that list with the exception of BOCX. EVERYONE had a chance to buy in and get out as every one of those stocks was LIQUID enough. I dont understand why some of you are buying such stocks with 10-30% spreads with hardly any volume and then you complain "I'M LOSING MONEY".

Some need to wake up and look at the big picture. I'm suprised so many say they are losing because I view this market as a very easy way to make money right now. Even if you don't know what your doing just by following key posters on a certain board can help you make money. However, you're the one that has to decide if you're going to buy a stock or not. We do our best to help everyone, but theres only so much we can do.

CLOSING COMMENTS: Once again I didn't mean to offend anyone and am only trying to open some eyes out there. Also I don't want to take anything away from other regular contributers to the BOT board because if I was to start naming everyone in detail I would have carpotunal before I would be done. HACK, Latino, Chip, Crumbster, Hotstockmaker, Babycakes, Bagheera, and others are all great people who contribute in some way on this board and are very nice people. For those who haven't had such a great trading year so far, I hope the next 9 months will become profitable and successful. The ones who are kicking butt, congratulations and lets continue to make more bank!





ALL MY POSTS ARE ME POSTING MY PLAYS AND ARE ONLY IN MY OPINION. THEY ARE NOT BUY OR SELL RECOMMENDATIONS. I WILL HAVE A POSITION IN THE STOCK BEING MENTIONED BEFORE I POST. I'M A FAST PACED TRADER AND WILL SELL SHORTLY AFTER MY POST.

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