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I am going to look into ISFL closer tonight.. That might just be a good move, but I want to check out everything about it. For some reason it kind of interests me. I just don't know enough about it yet, but that has never stopped me before, lol.Quote:
Originally Posted by ShotsII
I don't know, my wife asks me the same thing.Quote:
Originally Posted by ShotsII
Thx JS, I think it was too.Quote:
Originally Posted by just sirius
My previous avg on IFSL was .001865. Selling only 35% of my position took more than half of my original investment out of the stock. I now have only 1700$ invested for an avg price of .00125.
The money bought me 2.5 mil shares of a stock that will be doing very well in the future also.
Which pps will perform better between MGLG and IFSL? I have no idea. But I really don't care. They are both expected to double a couple of times over the next few months, and by buying a third stock I further diversify my portfolio. (Not by much, but hey its something.)
So now I own:
MGLG (natural gas)
IFSL (software to reduce debt and increase savings)
BEHL (the best damn algae farmers in the business)
What a great mix for this economy, don't you think?
I like the mix of different businesses, and I like the future of each stock. I am very happy with my current situation.
Bill, decided not to buy another motorcycle till next summer. This summer is almost over and I'd just have to pay $200/month to park it during the winter. Yes, parking is expensive in Manhattan. Not to mention having it serviced next season before riding it, not using a year of registration OR insurance...
Perhaps next year we'll all be multi-millionaires and I can get myself the $72,000 Ducati I've always wanted!! Dare to dream.
Just not a smart move right now.
Finally, I just got caught up with everything. I was able to check my blackberry (etrade account) while working and was happy with the outcome. Since this is my first rodeo, I was thinking the pop would be bigger, but after reading the other site and this I have realized that slow and steady seems to be better. I am going long with this stock. Shots, Bill, Dave, Bass and anybody else who wants to through me their .02, what do you think? I also have a ignt. The other site has a few good words about it. Boy this is FUN!!!Quote:
Originally Posted by ShotsII
I know there aren't many here who use Ameritrade (if any), but im trying to set up strategy desk to do some backtesting. Do any of your platforms allow you to do anything like that? Im trying to think of something that would be a good buy trigger for pennies and something that would be a good sell trigger. Is this even worth doing for pennies? It seems like they dont even follow any of the typical indicators or TA patterns.
It would be great if it would let me input "buy on news" and "sell on news + 2 days" :)
A brokerage that's really set up to do those sort of things is "Think or Swim", I believe, I've been meaning to open an account there. The commissions may be a little steeper for pennies.
Others that backtest and set up automatic trading systems use tradestation, etc. There are many automated set up software with backtesting, and I believe you feed that info into another brokerage - say like interactive brokers.
I've spent a lot of time trying to set up automatic trading systems, and they are all stock dependent - it doesn't appear that there is a magic bullet for every stock. I've posted before that AAPL can be traded usually with a 4 EMA/16 EMA cross... that's the simplest one I've come across and it is subject to whipsaw like any other.
I found one setup that appears to work well generally that was featured in a TA mag, but again, this is for general market growth stocks, and you would want to set it up to trade maybe 15 positions+. So you're talking at minimum $15,000.
Anyway, there are a slew of backtesting programs out there. I don't know of any that will read the news for you - particularly separate good news from bad. I think you at TOS (think or swim) you can backtest for free with an account. Other programs maybe run from $200 to $1500+ it seems.
While not in pennies for that long of a time, I'm still a fan of buying EOD on a sign of strength with a target in mind - however, I'm trying to use TA to catch the middle of a single move. Anyone following this type of strategy will not make the big bucks, as these are TA based entries and exits that are not aimed at the big win - with the exception of say hitting a 300% gain or somehting and removing some, and letting the rest ride. The big bucks are from speculative plays and getting in early and gritting your teeth through the peaks and valleys.
Bill, I downloaded sc elite successfully. Thanks for the instructions now I have to figure out what I'm looking at!
Shots---Quote:
Originally Posted by ShotsII
Two things for you.
1. Like you, I am in a very interesting mix of stocks that I believe reflect the direction of our "new" economy and thinking from Washington D.C. Only time will tell.
2. As for your motorcycle; I recently spied a local guy who took a Honda Rebel/whatever with a blown engine and turned it into an electric motorcycle. If you Google it, you will see what fun it can be.
Go find one with a blown engine and convert it. Have much fun.
If not...then I did spy a nice '99 Ducati (I love the desmos, too) locally that the guy is only asking $3500 for. I have no idea what condition it's in, but the pics on Craigslist look pretty good.
Whats up Herd.Quote:
Originally Posted by GoHerdGreg
Thx for the kind words.
Ducati's are definitely my all time favorites, but lately I've been looking at the Triumph Thruxton. Ever seen one? Just google it and you'll see two-wheeled perfection. Duc's are great, but I love the classic look. The bike that was just wrecked was a 1976 Honda CB 400 Four Super Sport. And it was perfect.
Oh well, had fun riding it for a few weeks and i'll get another something or other next year.
About the electric bike - it's a bit difficult to run an extension cord out of a 14th story apt in manhattan. Sounds very "green" tho.
$200 a month to park a motorcycle is ridiculous! You would essentially be buying it over and over every few months. I don't blame you. That whole proposition is way expensive.Quote:
Originally Posted by ShotsII
Ya....(laughing). It took us a few days to get it set up the way we like and then get the old head wrapped around it. They have a good help section. Take it item by item and you will do just fine. It is like getting out of a 57 Chevy and getting into a space ship. In addition, you can set that up any way that you want. Be sure and set it up with layout manager and save the layout as your default. The sample screens I think are geeky.Quote:
Originally Posted by atmgeek1
Here is how I have mine set up:
http://www.coloradohandyman.com/scottradeelite.jpg
5 charts, L2 and stock quotes. This way I can pop up anything and back down with a mouse click.
I don't see any advantage having order entry on the screen because it opens with a click of the mouse.
(The pic is just a serving suggestion like on a can of spaghetti sauce).
This software has so much that it takes a while to get used to it. It is a real wealth of information.
saro's probablly going to keep going down tomorrow, but it seems like a real company because they do post their stuff publically. think i should just hold it, forget about it and hope a PR comes out in the next month?
it seems like they started to get serious in march of this year and have posted a PR at least once a month (2x last month) i guess i'll hope it consolidates and wait for a PR hopefully in 2-4 weeks
Thank you for your insight, after watching SRS for about a week now, I am seeing patterns on some days where you don't even want to hold it overnight.Quote:
Originally Posted by Dr. Dave
I have to admit it is nice to see something out there consistently dropping and popping and flopping all over the place. :)
Thanks again for the info, it should help me out a lot!!
Hey Bill, I had a penny stock pop up on Tuesday morning under the google/finance/popular list. I forgot to right it down so it took a little while to find it again. You may like this one LOL!!! CBIS
I will say this, it sure went up in smoke the past few days!! :)
This is going to sound a bit hypocritical of me, but Sean that's two posts in a row where you're talking about HOPE as your reason for keeping this stock.Quote:
Originally Posted by Sean
I hope you're right about it.
Good night Penny Chasers. See you all in 6 hrs.
I'm thinking MGLG is just warming up. Instead of dropping their load on the big pr, they decided to turn everyones attention back slowly with a nibble and then the big one:D if they were to drop the flow #'s and the sp takes off, alot of people might sell because it's been so low for so long. Slowly bring it up alittle then BAM. This will benefit all because the platform for the spike will be higher. Just my uneducated opinion
Cannabis Science (BB) (CBIS)......Pretty funny, Jimmy!Quote:
Originally Posted by dread
No stems, no seeds, Panama Red is bad ass weed!
They were watching the stock price and needed a boost, so this one is intended to hold up the fort until production numbers. It was really encouraging to hear this after I sold a bunch of my MGLG yesterday. At least I didn't have to rebuy back in today.Quote:
Originally Posted by atmgeek1
I am at .0003, so there is no need for me to chase this even though it may go up a ton. I can take what I cashed out yesterday and put it in to something else. If I bought more now it would bring my average up. 760K isn't many shares, but it is better than a sharp stick in the eye.
http://www.coloradohandyman.com/saro.jpgQuote:
Originally Posted by Sean
Sean, you have a shitload of volume on it. Stocks do go down and then back up.
You are all ready down a couple of cents, so if it were me...and just me...I would hold, but that is your call.