Market Watch for week of July 20, 2009

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07-21-2009, 04:26 PM
billhart22

Quote:

Originally Posted by Dr. Dave

The cool thing about the scottrader is being able to watch the bid and ask after hours.... I was a good boy and got out of my impulse AAPL call, luckily it had an end of day rally... now I get to watch the prices go nutso after they report. Watch, tomorrow it will gap up... hahaha. Actually, I'm not expecting it too. And I'd like to keep up with the disciplined trades... they seem to work better for me.

Maybe I'll make a mini journal entry here:

RTGV - bought with a plan, sold with a plan, outcome - profit
AAPL call APVHK - bought with a plan, sold with a plan, outcome - profit
AAPL call APVHM - bought on emotion on a tired day, sold with a plan - well a plan to cover my ass, outcome - loss

Punishment: Write out "I will be a disciplined trader" 25 times, no copy and paste.

YES!! The discipline is the hard part!
07-21-2009, 04:30 PM
Dr. Dave

Quote:

Originally Posted by billhart22

Gritted teeth is the true expression. Ahhhhhhhhhhh I have to think this thing out. I know soon as I sell it things will change.

Pennies are not even remotely connected with the DOW. I haven't even looked at the DJIA in over a month, lol.

I am thinking Greg....

Yes - there is no correlation really for these penny stocks to the general market.

What do you guys think a Penny index would look like - my guess is a flat line. If I had a better way to get historical data, I could put one together, but it would be biased, since all of our tickers are stocks that are emerging.
07-21-2009, 04:34 PM
billhart22

Quote:

Originally Posted by Dr. Dave

Yes - there is no correlation really for these penny stocks to the general market.

What do you guys think a Penny index would look like - my guess is a flat line. If I had a better way to get historical data, I could put one together, but it would be biased, since all of our tickers are stocks that are emerging.

It would look like a lie detector printout.
07-21-2009, 04:35 PM
Dr. Dave

Quote:

Originally Posted by billhart22

YES!! The discipline is the hard part!

Yup, and you want to get a laugh - just look at yesterdays candle on AAPL - you tell me if I should have bought a call option for the price to go up.

If Sean was standing behind me with a fish in his hand, the side of my head would have been red with little scale imprints on my cheek.

Let's hope discipline wins and my cover my ass sell proves its was the right thing to do.
07-21-2009, 04:50 PM
Stock Magician

Hey Everyone,

Just to make you feel better,

I am in 12 stocks,

7 painted red today....ouch!!:eek:

2 gave some green .... :clap:

3 flat lined :sleeping:

However, I am not in a panic... the stock market will always bounce around. We have to have a little patience and willingness to stick with our instincts.

Sometimes no matter how much DD we do... a stock will be a stinker.

and sometimes with a little luck... one shoots to the moon... BEHL.

I have not totally given up on MGLG just yet.... I think they are mishandling the PRs and hurting themselves by not keeping the investors informed..but... lets see what happens.

IFSL... made me happy today...and I think we can see the .003s this week.

BEHL... still is in the accumulation stage...and I think .05 is on the horizon.

SARO was a wild card pick for me... but I have not given up the ship..This will be used by flippers and day traders and will see some volatility...but I think it will slide up slowly.

BCLE is a hold...and I will wait for them to get running later this year...however, I do have to pop a TUMs every now and then when I watch the price fluctuate and slide down.

I am keeping an eye on ACAS... I am trying to decide when the time will be right to pick up some of that stock.

FNM... Lets not talk about that one... as I hold it over the toilet.

Lets not panic over today's red ... as I think we will see green by the end of the week.

Hope everyone is doing well...and picking well...
07-21-2009, 04:53 PM
Dr. Dave

After hours are all over the place - down to 149, now up to 154. In the end, I think AH trading isn't an effective tool for guaging prices, it is good I guess if you wanted to catch an entry that you wanted to place at the end of the day and missed though.

I always need to refine my cruddy programming skills -

so what tickers for an index...
MGLG BEHL BCLE IFSL RTGV SARO QASP

Maybe weight holdings by 0.1+, 0.01-0.99, etc...

Don't hold your breath on this.

So, what other tickers, and what do you think the weightings should be?
07-21-2009, 05:03 PM
billhart22

Hey Mag-

I needed that good laugh and analysis! Great job! :)
07-21-2009, 05:04 PM
Sean

NOOOOOOOOOOOOO for some reason i made a 13 stock watch list on nasdaq.com yesteday... one of those stocks went up 661%.. why the hell didn't i buy into that one

QSGI

stock magician Yugi :) are you holding fnm?
07-21-2009, 05:04 PM
billhart22

Quote:

Originally Posted by Dr. Dave

After hours are all over the place - down to 149, now up to 154. In the end, I think AH trading isn't an effective tool for guaging prices, it is good I guess if you wanted to catch an entry that you wanted to place at the end of the day and missed though.

I always need to refine my cruddy programming skills -

so what tickers for an index...
MGLG BEHL BCLE IFSL RTGV SARO QASP

Maybe weight holdings by 0.1+, 0.01-0.99, etc...

Don't hold your breath on this.

So, what other tickers, and what do you think the weightings should be?

Are you really going to try and make something out of this, lol?
07-21-2009, 05:04 PM
Dr. Dave

Quote:

Originally Posted by Stock Magician

Hey Everyone,

Just to make you feel better,

I am in 12 stocks,

7 painted red today....ouch!!:eek:

2 gave some green .... :clap:

3 flat lined :sleeping:

However, I am not in a panic... the stock market will always bounce around. We have to have a little patience and willingness to stick with our instincts.

Sometimes no matter how much DD we do... a stock will be a stinker.

and sometimes with a little luck... one shoots to the moon... BEHL.

I have not totally given up on MGLG just yet.... I think they are mishandling the PRs and hurting themselves by not keeping the investors informed..but... lets see what happens.

IFSL... made me happy today...and I think we can see the .003s this week.

BEHL... still is in the accumulation stage...and I think .05 is on the horizon.

SARO was a wild card pick for me... but I have not given up the ship..This will be used by flippers and day traders and will see some volatility...but I think it will slide up slowly.

BCLE is a hold...and I will wait for them to get running later this year...however, I do have to pop a TUMs every now and then when I watch the price fluctuate and slide down.

I am keeping an eye on ACAS... I am trying to decide when the time will be right to pick up some of that stock.

FNM... Lets not talk about that one... as I hold it over the toilet.

Lets not panic over today's red ... as I think we will see green by the end of the week.

Hope everyone is doing well...and picking well...

yeah, SARO is on the radar, so I'm pretty positive it will work out ok for those involved. Last I looked at the MGLG 60 min chart, it looked like the price was rounding out.

BCLE (this is my tea leaf reading) TA wise is doing just fine, I have no concerns

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