Replies to post #72101 on GoodFellas Big Board Catalyst and Chart Plays

[YankeMike]

Nice write-up crookedneck! Look at the JOEZ chart... textbook example of 20ma as support. Bounced off it like 6 or 7 times. Sell when it gets 15% to 20% above the 20ma and buy it back at or near the 20ma and profit multiple times.

[butterfly89]

Wow Cn! Lots of good advice.

I'll play along. I follow something close to what you are explaining. I start off with a chart scan and make a list of stocks that I like the chart on, mostly pincher charts. I look for why a chart has taken a tumble, especially if it was a gap down. I read any SEC filings and news/ opinion pieces to see if they coordinate with moves on the chart. Did someone write a negative piece in SA? Or does it look like it was being pumped and there might be bag holders to look out for? Did they miss earnings but look like its turning around? Then I look on I-hub and the lion. I want to see who is talking about it and why. Yes, it does take a bit of time but it can pay off. My example is USEG. I bought it on 3/26 @ 1.5499. I sold it today at $2. It might go higher but I gained almost 30% on that 1-1/2 week hold. Yes, sometimes I get lucky and it goes quicker but sometimes pincher plays take awhile to develop. For me it all starts with a chart though but I agree that knowing the company is one of the biggest keys.

[Wrinkles]

That's superb CN, thank you for taking the time to share all that with the board. NQ sounds and looks like a goodie. Do me a favor, nest time ya see one you REALLY like, club me over the head with it puuleaseeee! ;-)

I wish it were in my DNA to hold a stock for months at a time, but just to pessimistic about monetary policy here and abroad and the need for massive printing and debt. I know how this ends and it ain't pretty as they say.