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lol, take real close note at failure rates - that's the part I didn't get in my head in the beginning - you have to expect the patterns will fail, and that's why you get out when they do.Quote:
Originally Posted by bassmaster
After you get thru it some more, I can discuss the different tactics that some of the big names use to play them.
Quote:
Originally Posted by Dr. Dave
exactly like poker. you can have AA against an opponent but it wont win every time. thats why in certain spots you cant overplay big hands, pot control is important in minimizing your losses and if you flop a monster then you go try to maximize profits by building the pot size( this i would compare to "going all in" on a confirmed breakout).
the only difference is the failure rate of a big pattern is higher than a failure rate of a big hand in poker.
but its spotting the pattern and playing it the right way that will maximize your equity gain in the long run. you lose a few bucks on failed breakouts and good stops but you make big bucks on the ones that do breakout. and if you happen to be a "TIGHT" player in poker that only plays AA or KK, then most likely you would buy in on a breakout once its confirmed and in an uptrend and sell just before the price hits your sell target.
so basically once you learn the percentages of success/fail rates of a particular pattern , you need to learn how to master the betting line/investing in order to achieve a successful profit margin. the stops are the key, hand surrender. and on the plus side, you need to learn when to take profits so you can offset any previous/future losses and end up on the PLUS side. which in poker would make this a +EV (equity value) move over the course of a long period of time if executed properly.
EASY GAME:)
and im sure certain patterns are more reliable than others , so the betting line/investing would vary. for example, i would invest more equity in a pattern that has 40% success rate than a pattern that has 25% success rate , do you agree with this strategy as opposed to just having the exact bets on different stocks/patterns?
the only thing you cant do is bluff!!!!!! but i gotta see if i can tie that into headfakes somehow!!!!!
OCNF is up 8 cents in pre market trade. This could be a nice day for profits!!!
Jeff -Quote:
Originally Posted by just sirius
I will send flares up so you don't miss the opportunity. Maybe I will just trick you! muhahahaha , besides that, who are you to talk about making the price fluctuate? lol
GSAE has been bouncing almost 20% a day lately. Today it's back down below 40 cents.
May be a good time to buy in and take a ride up later in the afternoon.
Green Star Erects Wind Sensor at Ram
Date : 11/09/2009 @ 4:15PM
Source : Business Wire
Stock : Green Star Alternative Energy, Inc. (GSAE)
Quote : 0.39 -0.115 (-22.77%) @ 11:15AM
Green Star Erects Wind Sensor at Ram
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) (“GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce the installation of a wind measurement tower just outside the settlement of Ram, located in the 50 MW region of Veliko Gradiste.
The terrain had been carefully analysed and months of preparation and licensing have culminated in this deployment. The data gathered will provide the necessary air flow information for Green Star to design, engineer, and optimize this 50 MW potential wind farm.
The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the Danube River and left bank of the Pek River. The initial micro location for placement of the Company’s wind sensor had been identified next to the settlement of Ram, and the Municipality has allotted 200 hectares of land towards this endeavour.
About Green Star Alternative Energy (GSAE.PK)
Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements.' These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.
Green Star in Discussions to Acquire Notos
Date : 11/10/2009 @ 4:20PM
Source : Business Wire
Stock : Green Star Alternative Energy, Inc. (GSAE)
Quote : 0.39 -0.115 (-22.77%) @ 11:20AM
Green Star in Discussions to Acquire Notos
Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) (“GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce that the Company is negotiating to purchase Notos d.o.o. Notos, a privately held company, is currently a joint venture partner with Green Star on several wind energy projects in the Republic of Serbia. Management expects the acquisition to be completed with the issuance of between five and ten million restricted shares, and believes that this merger will strengthen the Company’s industry position and increase shareholder value.
Notos d.o.o. specializes in the creation of electricity from wind energy. With the Belo Blato project currently being scheduled for development and an extensive portfolio of wind resources, Notos is an important participant and pioneer in the Serbian renewable energy sector.
Jesse De Castro, CFO of Green Star Alternative Energy, stated: “The Company has considered various options for growth and expansion; acquiring Notos provides Green Star with a genuine presence in the lucrative European energy market, and complete ownership of its current and future assets.”
About GSAE
Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
FORWARD-LOOKING STATEMENTS
This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.
Chuck,Quote:
Originally Posted by candleman
Good morning! I just posted two new PR's on GSAE. I was just thinking the same thing about GSAE, but don't have the dry powder.
The volume is very high. About 10 times normal today. Volume has been very high the last 3 sessions and the price was on a steep rise for the last 2 sessions. Today the price has really dropped. I bought a few thousand shares yesterday at .50 and did the same this morning at .38Quote:
Originally Posted by billhart22
I'm planning on this being a quick turn around hopefully!
And Good Morning to you too Bill!
Good Morning All,
Im a bit surprised the markets are open today...Happy Veterans Day!!!!
Lets not forget those that have fought for this great nation and for those that are still out there in harms way.
Im sure we have a few vets on here...My family and I thank you for your service to our country!!!!
Now back to the issues at hand....looks like you can still get OCNF cheap today.
QASP even cheaper :mad:
test chart post
Attachment 227
Oh ya, here with go with the upgrade...
http://custom.marketwatch.com/custom...92ab082aed7%7D
Standard & Poor's Ratings Services boosted its outlook on Sirius XM Radio Inc. (SIRI) to positive from stable amid the satellite-radio concern's improved third-quarter results.
The heavily indebted company was facing bankruptcy early this year because of its leverage level, but a deal with Liberty Media Corp. forestalled that possibility.
S&P has Sirius XM at B-, the last step before highly speculative territory. In its outlook change, the credit rater highlighted cost savings from Sirius's acquisition last year of larger rival XM.
In the latest quarter, total subscribers fell 2.1% from a year earlier to 18.5 million while net new subscribers slumped 70% to 102,295. Churn, or the rate of monthly customer losses, rose to 2% from 1.7% for self-pay customers. Average revenue per subscriber, an important industry measure, rose 3.4% while costs associated with adding new subscribers fell 6.8% per subscriber.
Shares were recently up a penny at 63 cents.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com
---
Bill
Are you going to hold OCNF or try and buy/sell to pick their pockets!
I am up 17% but must hold until Fri or risk getting bitch slapped by Etrade...non margin acct!
Dr Dave/Bass any insight where a good exit point is according to the charts!
Jeff
short term exit target .825 or just below it. .78 resistance gonna be a bitch though. glQuote:
Originally Posted by just sirius
Bass
thanks for the exit points. Were those for Siri? I was asking about OCNF...but have quite a bit of Siri so that worked!
yes thats for sirius, but keep in mind if it reaches 82 that is a new 52 week high and may even go higher so if momentum is rocking let it ride with trailing stops.Quote:
Originally Posted by just sirius
Thanks Bass!
I think that with the Barringtons increased price target of 1.25 combined with S&P raising to positive from stable...and new ad campaign coming next week...I think I will let it ride and maybe take some "profits" along the way!