Replies to post #1574 on Chart players

[braden]

Everything is a bargain right now.No telling what the market will do...I really want to thank you and your wife for helping me stay sain.You two and $D were great.

[Dr Gator]

Well Swany, I'm down to really just following 4 stocks. AMR and HOKU for stocks and ETF's: QLD and QID.

Though this time I started buying HOKU during overbought time because of the Obama push for alternative energy, I loaded up when it hit oversold earlier this week. AMR I was buying in the oversold area. I trimmed off some of both of those shares at close yesterday.

QLD & QID are easy because they just follow the market so that is all you have to follow. You can own them both at the same time to catch both up and down swings in the market. Right now I'm at 85% QLD to 15% of QID.

Peaked at BCND because you mentioned it. I see my only hopeful penny stock has now started to raise the O/S and free trading count. So my thought IS ALL penny stocks are investor SCREWING machines.

Just for something to do this morning while I can't sleep. I looked at all the penny stocks I owned over the years. ALL but MOSH and AAGH are worthless. Many at .0000 bid. I feel sorry for any investor that falls into the penny TRAP! Yes there are people that can day trade those stocks, but SO MANY get caught holding losses. Even when I was trading them and learned to take profits fast, in the end, the ones I got stuck holding losses whipped out all other gains I got from penny stock.

So there is my thoughts. Though Brandon's IVAN looks good, but that is not a penny stock, just low priced.

I WOULD SAY KEEP SOME MONEY ON THE SIDE AND WAIT FOR A PULLBACK ON "QLD", THEN BUY IT. I will be doing that.

$DOUG OUT!