Market Watch for week of 9/8/2009

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Originally Posted by ShotsII

So in effect, FORCE the NSS by applying the r/s? This is one crazy game of chess. Good thing we're the crazy penny chasers. This is right up our ally.
I have to agree with Bass tho. The bottom line is the balance on your trading acct at the end of the day. It's a great product and will continue to be even after the r/s. You can always buy back in.
With that in mind, after Romo announced to us the delayed 10-Q I sold my position In SPNG last Friday. I like the company and the product, but it's been my experience that when expected filings are delayed, it is rarely ever good. So I sold with the mentality that I can always buy back in later. Never hesitate to exit and take profits if you are in doubt. That's how I protect the value of my trading acct. (And how I keep my sanity in this market.).

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Hey Shots...great post. We're in the pinkies to make exponential profits you can't get right now on the big boards. If you're in love with the product, but yourself a sponge...lol.

Emotions can't come into play right now. I have only been playing the pennies for a few months and if I've learned only one thing, it's that there are many, many entry and exit points with these stocks. I don't get too bent out of shape if I miss one...cuz I know there's another right around the corner.

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Originally Posted by bigsandy

Hey Shots...great post. We're in the pinkies to make exponential profits you can't get right now on the big boards. If you're in love with the product, but yourself a sponge...lol.

Emotions can't come into play right now. I have only been playing the pennies for a few months and if I've learned only one thing, it's that there are many, many entry and exit points with these stocks. I don't get too bent out of shape if I miss one...cuz I know there's another right around the corner.

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Oh, I forgot...all above is true excepting MGLG...you just gotta put it on the kitchen counter and look at it everyday....it's like a piece of furniture or an appliance. It just exists! lol

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Originally Posted by bigsandy

Hey fellow tarheel. Charlotte, NC here...

EVFL is a hoot. I use Zecco and Thinkorswim (TOS) and TOS periodically shows EVFL as 0.000...that's reassuring, huh?

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Hey Sandy,
Yep EVFL is a hoot. I make my living in the big stocks, but it's fun to play with these pennies. I figure it's like making money playing cards. It's all a gamble! I actually remember when SIRI wasn't a penny stock...LOL

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Originally Posted by bigsandy

Oh, I forgot...all above is true excepting MGLG...you just gotta put it on the kitchen counter and look at it everyday....it's like a piece of furniture or an appliance. It just exists! lol

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Lol....a real mushroom right at the moment. That is always subject to change though. EVFL's heart just started pumping again.

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Originally Posted by ShotsII

So in effect, FORCE the NSS by applying the r/s? This is one crazy game of chess. Good thing we're the crazy penny chasers. This is right up our ally.
I have to agree with Bass tho. The bottom line is the balance on your trading acct at the end of the day. It's a great product and will continue to be even after the r/s. You can always buy back in.
With that in mind, after Romo announced to us the delayed 10-Q I sold my position In SPNG last Friday. I like the company and the product, but it's been my experience that when expected filings are delayed, it is rarely ever good. So I sold with the mentality that I can always buy back in later. Never hesitate to exit and take profits if you are in doubt. That's how I protect the value of my trading acct. (And how I keep my sanity in this market.).

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yep game of chess...learning experience for everyone...

if anyone ever thought a stock never goes down no matter how good it is, today was proof, seems patience is the key...and timing is crucial because big swings happen in less than 1/2 hour....

the 10k has to come out before the 15th, so that will boost the pps as we know it will be good....then the R/S comes into play one week later... then maybe a nasdaq listing and then the 10Q in october....

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Originally Posted by bigsandy

Hey Shots...great post. We're in the pinkies to make exponential profits you can't get right now on the big boards. If you're in love with the product, but yourself a sponge...lol.

Emotions can't come into play right now. I have only been playing the pennies for a few months and if I've learned only one thing, it's that there are many, many entry and exit points with these stocks. I don't get too bent out of shape if I miss one...cuz I know there's another right around the corner.

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LOL. Buy a sponge... Too funny. But I do understand being connected to a stock. SIRI was my first stock purchase at .07 during the bankrupcy scare, plus I'm currently engaged in heavy petting with some pond scum (BEHL).
There is certainly an emotional component in this game that must be understood and mastered. I don't blame anyone for having difficulty with it so long as they are working to improve.

EVFL just flat-lined again. It needs a shot of Adrenaline and a fibrillator.

I actually purchased $2k worth of SPNG on Friday, I am an idiot. If you want to make money in this market do the EXACT opposite of what I do.

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Originally Posted by bigsandy
Oh, I forgot...all above is true excepting MGLG...you just gotta put it on the kitchen counter and look at it everyday....it's like a piece of furniture or an appliance. It just exists! lol

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Quote of the day! :D

http://www.coloradohandyman.com/spng.jpg