i posted this last night
Posted by: layupdrill Date: Monday, April 12, 2010 12:30:34 AM
In reply to: None Post # of 150
NEWBIES, PSC CHASERS, LISTEN UP---SQUEEZE PLAY 101---
allright fellas, tomorrow is near, and its no secret ETLS is on everyone's mind.
i know who you are Mr. Newbie, Mr. i got a text from PSC and jumped in with both feet, lol,
i admire your courage, its not easy to take the step to start trading if your new, also, i dont knock those who respond to PSC, how the hell else are you going to know about good plays. come one, come all!!
now what i want to do is to give you direct instruction/advice/rules/ ie whatever you want to call it, to play tomorrow right and the rest of the week, for that matter.
i know what its like, your not savvy yet, you somewhat follow the crowd but get in right after the buzz, but before the explosion and cant quite get the max out of it right? yes, ive been there partner. i know. well, here are some things you can do to get a grip on some action, make some money and get more than before, so to speak. are you ready..... pay attention now.
first----lets lower those multi-million dollar expectations. can you make hundreds of thousands of dollars being a newbie, or chaser? yeah, its possible. so is a tornado plowing through a junkyard and creating a fully functional jumbo jet. right? theoritical possibiilities arent going to be your strong points fella. so lets take it one step at a time. slooooowww down. lol.
Let me set some expections for you----- tomorrow morning---
friday ended somewhere in the double o sevens, right? did you get in last wednesday, thursday, or friday? it doesnt matter. this is important for you to understand- monday open bell is going to be big. I AM GUESSING-- but i would not be surprised to see and opening of about .01-.015- no joke. Now, what does that mean to you mr newbie. first of all, your going to spill your coffee all over yourself, or your computer and wonder why its so easy for you, you will consider yourself a genius. but wait, now is not the time to celebrate--- now is the time to take your emotion out of your head. its decision time partner. Let me restate this:
Monday at opening the price will be higher than Friday close- this will be referred to as a "gapper", "a rise in PM", "shes going up" etc etc, this is good, very good. but it also requires action and no emotion, and i will tie this into why a little later. now, its opening, the price is over a penny!! woo hoo, take a moment to be happy, ok, the moment is gone now, now, you must do something that is easy to say. but very hard for a newbie, like you, to do. what is it? this one decision will make you or break you because of what it will do for you both emotionally and for future trades. THIS IS....GET BACK YOUR INITIAL INVESTMENT. that's it, i said it. You must make a decision about getting what you paid out so you can ride some free shares. now you ask, BUT LAYUP, WHY OH WHY? well Mr. Newbie PSC chaser, that is because if you dont, your little behinD will be stressing for every little up and down of every minute of every moment. YOU DONT WANT THAT, TRUST ME. you need to become a trader and an investor now and lock in your profit. Dont sell all your shares, just enough to get back your investment, so the goal is usually when you double up on value, take ur half out. There is no better feeling than locking in enough shares to sell to recoup what you spent, i cant tell you enough. sounds easy right? just wait till tomorrow and i would love to see you as your finger shakes as you second guess whether you should wait a little longer to do it. BUT YOU MUST! AND I WILL TELL YOU WHY. now i dont know how much you spent to play the game, but i stress dont take this as a negative, now that you have probably half the shares you started with, look at the benefit--- you took out money when the "gapper" started on Monday morning, you made your money back and you still have probably half or more of your original shares. now, dont worry if you take it out and the price goes up a little, dont worry about, DONT WORRY ABOUT IT, I WILL NOW TELL YOU WHAT YOU CAN EXPECT TO HAPPEN NEXT. now remember, you still have shares, and now you have some money, how much money, well, mr newbie stock chaser, you have all the money you started with to do the next move.
2----- there will be a artificial "walk-down" of the pps after the initial open. it could take 30 min after open, it could take a couple of hours, but i promise you the price will drop. now, remember what you have already done. the price opened real high, and you did the smart thing and took advantage of it by securing your initial investment, AND YOU TOOK SOME EMOTION OUT OF THE EQUATION, BECUASE NOW YOUR RIDING FREE SHARES. so now, when you see the price come tumbling tumbling down, you arent going to freak out. THINK ABOUT HOW MANY OTHER MR NEWBIE STOCK CHASERS ARE WATCHING THE STOCK, THE SAME AS YOU, AND DID NOT SECURE THIER INVESTMENT. THEY UTTERLY FREAK OUT. thats right, they do, and the MM'S, depend on this, its called a "shake", "a shake-down", there many dynamics to it, but ALL YOU NEED TO KNOW IS THAT THE PRICE CAN AND WILL DROP. if i am wrong, and i hope i am, that mean the price never went down and it ran all day, but trust me, IT ALMOST NEVER HAPPENS. MAYBE 1 TIME IN 10, or 10%, it is so rare that i dont want you to wait, take out your initial cost and wait for the drop. now guess what your ready for? BUELLER?BUELLER? your ready to do that thing that people keep telling u to.... "load on the dip", "buy opportunity" you will hear this when the price drops. see, mr newbie, you did not sell ur shares now, at the low, you sold on the ask, when it was high, and you didnt realize what you were setting yourself up for. Now, you have money to add more shares at a cheaper price than in the morning, dont you mr newbie? lol. isnt that great? now keep an eye on the stock, another wonderful things happens, the stock starts "rebounding" "bouncing" and "there she blows" it will rise again. pay attention mr newbie, mr stock chaser, you have just invested by trading. now you have a stronger position and now you can make your next step possible...
3----- dont plan your exit, but plan exits--- people are asking, what is it going to top out at? how high can it go? well, mr newbie, dont worry about that right now. you have some shares and you know this is a squeeze right? well the moneymakers=MM'S, have sold more shares than actually exists, so they are going to need to buy shares too, this is what everyone is talking about when they are saying to "hold your shares" becuase everyone knows whats coming, and after reading this, you do too. sell your shares at certain points when the price rises, now speaking about ETLS specifically, MOnday --- we can see probably see .015-.02 highs, i really think we can. but dont go selling all your shares, just sell a portion, see if you can make some money and do the same as number one and two up top, and continue to buy on dips and sell at the highs. This is Monday advice only. lets see how it plays out and revisit for Tuesday, i am ready to go to bed now, good night guys!!
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