no, I spend enough time with stocks, and it's taken me years to learn how to trade, and it was only until this new year to where I took it superserious trading only a single style - swing/pattern trading - that's it, nothing else. Going really well so far.
Originally Posted by Sean
But, I did pick up a poker book, since a lot of really good traders play poker, so i learned the opening hands and cleaned up at a poker game with a lot of drunks at a party. I think the drunk part helped. There were only about 4 people who really knew what they were doing.
Man, a lot of good breakouts on these stocks, and I slept thru the whole thing!!!! I'm gonna kill myself if DRYS takes off like a rocket.
Originally Posted by Dr. Dave
OK, guys and gals, I finally sold off all my QASP. I am not going back in that one. It is simply not giving the right signals and I smell something funny in paradise. But for those hanging on…good luck. It is tempting. If I was Vegas I would give you a 15% chance that it will rocket up to .025. The OS is simply too large, over a billion.
I also want to point out that at the beginning of the week I mentioned AIB. It has jumped up .50 in two days. I have no idea how high it will go… but it is worth keeping your eye on. I was predicting 4.25 before either a pull back or some consolidation.
LYG is still playing with 4 dollars. It is a stubborn resistance for them. But once they break it..I think they could sail up to between 5 to 6 dollars pretty fast.
ACAS continues to be a rocket to the moon…not sure why since they are still struggling to become profitable…but I will follow the chart on this one.
DR. Dave …. I have also been eyeing the DRYS, but I just don’t see them taking off until mid to late summer. The volume and economy simply hasn’t stimulated them enough. But like you said…when they do wake up…I think they will jump 100% easy. If you have money to dump there and forget about for the year..great..but if you are trying to stay limber with your funds then you might get frustrated waiting on their pop. You said you think they will go to 10 in a hurry..that is very intriguing for me. Have you charted them or care to share you charts on them..because you have me thinking…and salivating a little. If the DRYS dip below 6, I might jump on them.
I have been watching KATX and noticed the nice cup formation but..I am not excited enough to buy anything yet..just watching.
Does anyone ever think BEHL will awaken again????
Dr. Dave..NMM looks great..would have been more excited had I picked up in the 10’s..nice dividend also..but if I was going to jump..I would have to go for FREE because I think they have more potential for larger return…Their balance sheets look good enough..but when will the economy finally stimulate them?
In relating to NMM..I see KOG being that kind of stock..just chugging up the mountain for the rest of the year. This might be the time to get in…Oh if only I had tons of money…I’m not in it..just thinking it is not a loser.
I have just a little touch of power left and taking my time as to where to put it. No ideas yet..but I think I will look for a bit more riskier play…since most if my stuff is in solid places.... but where..where is this golden road to riches???
Hope everyone is having a profitable day
I look forward to talking with everyone in the coming weeks.
For DRYS, I just thought it was in a very long term pattern and that there are still plenty of folks who were in it back in the $100 days that think it will rise again. I see it cut back today, so we'll see if it retests the line. I can plop some charts up later. I'm just looking at it from a TA perspective nothing more, that and the shipping indexes/etfs. Some of those other stocks (not the gold or ships) I mentioned have ok fundamentals too, but I didn't screen the ships for fundies in a while.
Originally Posted by Stock Searcher
LOL, I think the golden road to riches is finding a personal system you can trade with that is consistent and work hard at it. Even with the swing trading if you play a few otcbb's or pinks, if you're careful, you can get a handful of homeruns, just have to be careful with the money management and emotions, try to make your accounts chug along, then get a little supplemental action off of a few big wins, at least, that's what I'm trying to do. I'm also a little cautious with the big market rallies in terms of timing. Been a good week, and it may be a good thing I slept in too much, as what I do have has been climbing but have some money on the sidelines. We'll see.
Killer volume and upside on SIRI today. I'm counting the C on the last dip below 0.80
QASP is still very much a good play.
This morning it was as low as .0121 and now it's .014. That's about a 15% rise in less than two hours.
I think the low was reached this morning and we're heading for some UP days on this one.
Does anyone ever think BEHL will awaken again????
I've sold off all my positions except for this one, even added 150K @.01. I think this does have a shot, atleast as good as any other. The personnel additions were a good sign, IMO, and looking at the progress with the actual product it doesn't seem like they are sitting on the duffs waiting for business to come to them. Then again, what do I know, I bought mglg:).
I've been adding to BEHL also. I think it's a long term play just like QASP is.
Originally Posted by atmgeek1
It was a strong close for QASP today at .0144
Originally Posted by candleman
This is such easy money, it's like picking pockets!!!!!
Sprint also had a strong close today at 4.00, This has been a constant money maker for me as it bounces between 3.2 and 3.9 on a regular basis.