LOL, tony beat me to it.... nice post !!!
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LOL, tony beat me to it.... nice post !!!
Thanks Tony...I guess it can't hurt to wait a couple of weeks for the confrence call. I always considered myself long on siri bcause I see no reason why it can't be a $5-$10 stock in the future. I just felt alittle stuck/squeezed by the non movement/lack of excitement. I also wasn't patient enough when it came to buying bcle and mglg and was looking to better those positions without any more out of pocket. I only invest with money that is not needed and I am currently at that limit.
Thank for chiming in Bass. WAs it you I read that plays in hold'em tournaments? If so, I love playing cards. I have no interest in playing in cash tournaments but about 15-20 friends and I play twice a month with $100 buyins and they will pay 75% to the winner and the rest to the runner up. It's better than going out to the bar and wasting money and ending up with nothing but a hangover. We all go to vegas once a year and have a blast. GL w/future tournies. God I hope that was you that plays cards!!!
When I started buying stocks I only intended to buy siri...Then me Bill and Ray started buying others stocks..I had the same game plan...start with a certain amount of money and try to buy and sell to make money and add more shares....big mastake for instance I had then 50k shares of siri and starting buying others at good prices...like ford @ 1.50 drys @ $4
sblk @1.60 ocnf @ $1 bac @ $4 foe @ 1.50 frees @ 1.17 lvlt@ .88...and 1000 shares of each...and there where others...I sold them all to add to my siri....look them up and see what I missed...and Bill and Ray will verify this...If I was smart I would of just left them alone and added out of pocket when I could and I would of been looking very good right now......so again take it slow be patient add to your portfolio when you can because you never know until later how it will all work out and then its too late.....Good Luck Tony:cool:
PS I still believe I will make it all back with my shares of siri in time but it still hurts when you had it figured out and changed your game plan....
Tony,
Hey bubba....You are really showing your experience tonight!
I hope all is well for you and it is nice to see you doing some talking again.
Yes, we have been through the mill. It is such a never ending education. I guess we just live and learn.
It's great to hear from you! :)
Hey Bill,
Im good thank you... Thats the idea here right to try to help out others and learn by the olders traders experience....
I have to go to the Scottrade office in the morning... they cut me off every few weeks for not funding my account...I call the rep and tell him how I love the trading tools but not the extra commission on the penny trades because I pay no extra with BOA only the $7 reguardless...but I will put the $500 minimum and leave it there...He said he will even give me the elite program..
As far as stocks I have my Siri...160k shares and ASFX 400k shares and 100k of BCLE...I put a order for 1mil shares of MGLG at @.0005 and it didnt trigger and then you and the Doc scared me off so I cancelled....I see your still holding so good luck on that.... Thats about it for now...But Im always here...
Take it easy Buddy and have a good night.... Tony:cool:
I left the office today to do some field work and when I left Siri was @ .415. WTF happened??? I didn't think that would happen today. .0005 for mglg was also a shocker to see when I returned
Every word that Tony said it true. I can't even remember all of the stocks that we bought and sold......and did we buy them cheap!
FREE for .65 I actually didn't buy it initially, because I thought it was too cheap and it scared me. I decided to give it a shot and it went up so fast the next day I couldn't catch it.
That is why I try to be smarter and display more patience now. As a lot of you know, I failed at the combination of patience and logic today with MGLG. I went to sell it and it didn't execute, so I still own it.
Now I have to make a decision and so far Dave's suggestion has been the best.
I am thinking...and it is difficult sometimes to make a decision with a stock. This is a timing issue more than anything else..
I am willing to listen to anybody here with any ideas on MGLG.
Hey, has anybody seen that chiaobama on T.V.? I thought it was a joke at first...I was cracking up and then it turned out to be a real product! Obama with Green and growing hair! Does anybody know the stock symbol for that?
Im not that familair with mglg but i see its been staying between .0006 and
.0007 for the week so I guess some people are losing patience and selling but it has lots of volume...
Siri is always at its lowest 2 weeks before its report so the mm's try to shake the trees and get the week out and we will proberly see low thirties again....I bought a small position to round off my total share count only about 3400 shares today @.38 but i have orders in for 10k @ .32 and 10k@ .31 and 20k shares @ .301 I dont know if it will get their but if it does its a gift and It will give me more to dump premarket before the report.... Thats about it my friend....we will see how it works out!:cool:
Bill, its never a bad play to take profits, and from what I remember you could probably do what Dave said then ride some free shares. Can you trade pre market with scottrade elite??
Tony,
I didn't mean to scare you off with MGLG. I am going to throw a level II up here so we can look at it. I may just ride this sucker out now that my order didn't execute today. It will take a couple of minutes.
Got my order filled at 18.00 for SRS this morning, then put in my limit to sell all at 18.50. I was relieved that the trade panned out. I first bought 150 shares at 18.68 thinking it was the bottom, and it was for a few days lol!! Then it flipped around and the high 18 is the new high, so I had no choice but to average down by taking 100 shares at 18.00.
I think I made enough to buy a few pizzas!!
I love these ETF's because of the movement and action going on. But they ae extremely dangerous, especially during earnings, as I have witnessed. I wanted to hold this for a month, and as soon as I got in, all of this news came out saying the recession was over. And all was good.
I know things are not good out there, but people still tend to buy into what they are told without doing their homework. Garbage like that can really screw up your trades, even when you know your right.
That is why I have to agree that pennies are safe right now.
Anyway, CIT was a riot today, have been going through some of the threads on other boards, and WOW what a morning, and then close!!
I see immediately AH it came right back down below a buck, looks like the last trades were on low volume.
I see volume is picking up on SIRI today, not sure what tomorrow will bring for this one. Looking at todays chart, if this continues the big money wants to force it down again. Just my guess!!
Hey Bill, have not taken time to look into QASP yet, if I can I will tonight. :) Looks like you have it covered from last nights post!!
OK, back to the BS!! trying to figure out tomorrow, tonight.
Oh, yeah, good to see ya here Tony!!! :)
Good luck out there everyone!!!
Pre market is usually when the run up happens.... like between .50's and
.60's last time and maybe could do a little better this time...Then as the report is being read if its not perfect which its hasnt been yet the share price goes down real quick and you get to miss it again...I have missed it 2x already..if its good it could continue to go higher...I dont believe this time it will but I do think next Q is gonna be the first good one in siri 12 year history..
But you never know...also it depends when they read the report before or after the market opens or closes....last time it was in the morning before the market opened.....
There we go. The volume was 429 million today, which was high.
They buys were 85,000 compared to 81,000 sells.
That is interesting. People are snagging it up at lower prices.
The price may be working its way down, but there is more buying than selling.
MGLG said that they would put the numbers out in July at last word. It was a conversation between one guy that I trust and Karen at IR. The guy's name is Skillen on the wheel.
I think that since I am all ready there and my order didn't execute today, I will hang.
This message just keeps getting longer...It isn't like people are going away, they are just letting the price go down.
I am going to take at least another day to make a decision.
Remember when SIRI was down to .05
Julie, I didn't know you were a latenight lurker.lol Since you are here, these are 3 things about me...in reply to your post on the other thread
1. I'm currently changing my diet and trying to exercisemore so I don't have to ake blood pressure medicine. I think my doctor hates me. I shouldn't have to take it in my mind...I'm 35, 6'1, 200lbs. Medication isn't going to help the fact that I'm naturally wound tight
2. I just bought a bike and a chariot to pull my 2 kids, they are the best!!!
3. I'm thinking of buying a house and renting it as an investment...trouble is I just found out the house is owned by my ex-wife. Seriously, I had no idea where she moved to, quit the wierd coincident.
Hey Bill!
My .02$ worth, you've had MGLG this long, you might as well ride the storm out. I sold @ .0017, 2-3 wks. ago, I didn't post it, as to not be a basher at the time. Some1 in the oil/gas biz posted on the spoke that it would be end of July or 1st of Aug. before we got #'s, I figured he knew what he was talking about, so I sold. Now, I'm trying to get back in @ .0005, didn't go through today.
BTW, I've still got BELH, OCNF, BCLE (got more yesterday). AND I'm holding 1 that concerns me.....EVFL, some crazy things going on lately, a lot of selling going on. Will you look @ that one and give me your take on it. Does anyone else here hold EVFL?
Thanks Bill!
Gi Gi ;)