Replies to post #10364 on Boomtown

[LootForMe2]

Glen, That's it! Thanks for sharing :-)

Ceo, I use the historical prices in a successful method of short-term plays that average a minimum return with a success rate of around 6 of 7 times (80% to 85%). I hold usually a few days. No longer than ten trading days. Took a very long time to perfect this. Shortly after I originally developed this trading method MS Money folded up its awesome screener site. I did manage to turn $500 into $3,200 in about six weeks before MSN Screener went dark. Due to personal reasons I left the idea alone for a few years. After a lot of testing I finally found a way to get it going better than the last time. TD Ameritrade's ThinkOrSwim is a very powerful tool for this. The daily OHLC price information is the last piece before I go to tossing loot at more than a couple stocks. Been averaging around 10 plays per month from OTC, NASDAQ and NYSE picks.

Like you, I am no stranger to trading. I got my education in the early 80s when the Hunt brothers from Texas tried to corner the silver commodities market. I lost $5k while silver was rising. My broker gave me a very good lesson about why day trading is great for commissions, horrible for client's account balances lol

I agree charts are mostly useless on these penny stocks as they can provide support/resistance levels to some degree. However, news trumps charts every single time, especially with these little gems :-)