I haven't bought any yet. I have to transfer some money and that will take me till Monday. Check out the email I received and let me know what you think about its merits or demerits.Quote:
Originally Posted by Sworntwofun
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I haven't bought any yet. I have to transfer some money and that will take me till Monday. Check out the email I received and let me know what you think about its merits or demerits.Quote:
Originally Posted by Sworntwofun
I think its very very interesting.... today it was up +50% .18 day low .24 high closed at .22.... It might be a long shot but I like it.. and I think it could be big... Im gonna grab 1000 shares in the Am...Quote:
Originally Posted by billhart22
Thanks Bill
yea it does look interesting but i usually stay out of the otc market :( i might buy like 2 or 3 hundred shares tommorow as it does seem to have a lot of momentum.
Looking at the indicators, it looks like it is ready to crash! It went the wrong way mid day and showing a greater down trend. I am going to stay away from it for now, but I will keep an eye on it. I like mountain climbing....not surfing and then landing in the sand. The volume of shares went negative and the convergence/divergence crossed.....NOT good.Quote:
Originally Posted by trippingthespeculatingpos
I like the product concept, but the stars are not in alignment after exactly 1 p.m. today.
BAD BUY at the moment. Check the MACD and volume of shares for the day...:(
alright ill stay out, thanks for the advice. i got 54 bucks im looking to spend tommorow haha and that looked like a good place to put it but maybe i can toss it somewhere else, any other idea's?
I would hang with the 54 bucks and let it drop and wait until it is going back up, may get a good price to make money on another run up. The guys that are pimpin' this stock swear by it...When they put out those bulletins, they have all ready invested, get everybody worked up into a frenzy and they all buy in fast, then when it spikes like it did today, they short sell. If you look at the chart you will see that a whole bunch of people bought in really fast and it plummeted. They took the money both ways. Now, the stock will either make or break itself and if it is good, then we can get it cheap and make some money on the way up. I would watch the MACD and buy and sell by that.Quote:
Originally Posted by trippingthespeculatingpos
If a guy is aware of their tactics he can make loads of money on the initial run. Once into that initial spike, I have found that once the trading is slowing, then sell and let it drop big....then watch it and catch a good uptrend at a low price and sell again.
I am learning that watching the MACD can guide a person when to buy and sell. I am going to have to get live charting through the day eventually and run on that
In the OTC, that is how I have found to make money.
Kind of like LVLT.....the big spike...I should have sold at $1.59, but I didn't. Then when it came down and hit $1.04 I almost bailed, remember?
Now, I have to hang. I am sure it will go back up, so I am holding. The next big uptrend, I will sell when trading slows at a big peak or have a limit order in to sell at $1.50 if I am doing something else where I can't be at the computer.
I know that I am crazy, but what person that isn't eccentric has ever made anything? lol
KUDOS on your comment in the intraday....actually, I was waiting to see your response and it was perfect!
I sent Tony an email also, I don't want to see him jumping in yet either.
Have a great night Tripps,
Bill
VOLUME GO UP!!!!Quote:
Originally Posted by billhart22
This sucks!! No big players want to go into this market. I can't blame them when the rules keep being changed all the time.
NOG (northern oil and gas) is one I am in right now. Just watching KOG since they are related. NOG was my favorite ATM until the new year came in. Hard to get limit orders to trigger because of float. I just market order the sucker.
Hey Dread,Quote:
Originally Posted by dread
How's it going? Ya, when there is low volume, YOU have to make it happen. It sucks to say the least. I have to check out those two stocks for informational purposes anyway.
Educate me.....does everything hinge upon these stocks with the commodities market? Or, are they exploration companies or both? I used to be a driller in the oil field, but didn't know anything about anything and still don't, but I think that oil stocks would be very volatile.
I was checking into options this evening....I have had them in the past, but I didn't purchase them, I had a broker do it when he told me to and scored well. As I was reading along I thought..."Good God" the averages can make you or break you. Let us know what you think and know. I am dumber than a door knob when it comes to options.
Give us a little insight to encourage us.
Have a great night,
Bill
Me stupid too!! :)Quote:
Originally Posted by billhart22
NOG just secured a senior revolving line of credit for developmental drilling on Northern Oil's North Dakota Bakken and Three Forks positions.
http://news.prnewswire.com/DisplayRe...4949454&EDATE=
KOG is just on my radar because they are similar, so yes both are exploration companies.
I was buying NOG at the end of last year around the 2.50 range then selling if it got anywhere near or above 4.00. I have it right now at 2.37.
If the markets were stable this is easily a 15/20 stock in my eyes.
The only thing that concerns me is demand destruction, and the fact that tankers loaded with crude are backing up in ports. So please be careful!!!
Man I will be honest about options, I don't like them at all!! I do like ETF's and we have ETN's coming out for the VIX. So to each his own, but what you said, about downside with options, yeah I don't want to be stuck holding that bag if it blows up.
I try to keep things as simple as possible and focus on the macro market, then check my little turds/stocks to see if there is a correlation between them. If that makes any sense.
There is one trade that I will never forget, and I blew it!!! Back in July/08 around the 15th when SIRI was at 2.50 range / crude was at 130+ and UAUA was around the 2.50 mark. We all know what happened next.
I felt if oil went any higher it would break the market and had to come down. I thought about selling SIRI and putting every penny I had into UAUA betting crude would fall, and UAUA would pop. I just did not have the balls to pull the trigger. :(
The best advice I can give you, is to find your own niche and run with it. We all see the same thing from a different point of view, so go with what works for you, and don't listen to anyone else. Including me, :)
If I see anything that works for me I will post it here and try to explain my reasons for it.
Have a good night and weekend!! Later!!
Hey, I would like to get everyones opinion on a stock that I play around with...
CTGI.OB. very interesting products (me being in the medical field, it helps and I can understand what is going on) and has the capability to be revolutionary in the medical field. A little too diverse though, and no income.
It has plummeted from its highs (which I sold on for a 4x bagger, buying at 0.32 and selling at 1.35ish but missing the high of 1.50ish) and is now sitting at like 20 cents a share. Nothing has changed except for the economy and money availability. Take a look and see what you all think. Don't look at technicals, Im sure they look like a nightmare...
Bill, Good heads up on Gxto, and you were right. Its down 35% to .14 Yesterday I was willing to pay up to a .25 becaused I liked it so much the idea, video and all.... anyway Thanks you saved me $110 and I pulled the trigger today at .14 for 1000 shares...Ill just put it on the back burner for now and if one day it hits...it hits and if not what is $140 But I believe in blind faith and One day I have you a perfect stranger to Thank!
damn i should of held on to sscc :(, blah next time i shouldnt be so damn rash.
I will put on my watch list, I usually watch a stock for about a month or so before I decide what to do with it.Quote:
Originally Posted by Newman
Down 20% today, and near/at 52 week low. If I had any money freed up I would be tempted to buy it.
Hey Newman, did you go for the lifetime sub?
That went from a half penny last week to 7 cents today...wish I had a $100 on it! Dont you feel like someone goes threw alot of work just to piss you or me off...Quote:
Originally Posted by trippingthespeculatingpos
I think it was good enought to put a buy in at .15 as i was putting it in it went to .16 and closed a .18.....Story of my life...maybe I try again monday....Thanks for the networking...I like It....Quote:
Originally Posted by dread
Here is a good little article. I am guilty of not applying this (i.e. LVLT), but will start doing it again...just a reminder.
---------------------------------------------------------------------------
If you’re a normal human being, your need to feel good about yourself probably causes you to sell your winners too soon – and -- your need to avoid feelings of regret, causes you to hang on to your losers too long.
At one time or another, we’re all guilty of letting our emotions dictate our investment decisions. But the only way to succeed in the market, is to keep greed, fear, pride and hope away from your trades.
The most successful investors know exactly when they’re going to sell a stock, the moment they buy it. Often they use “trailing stops” which move along with the closing price of the stock. It’s a purely mechanical decision they make as an impartial observer – and never based on feelings or instincts.
How many times has “fear of loss” caused you to sell a stock that brokeout the next day? Have you ever “fallen in love” with a stock – “hoping” it would breakout after an initial 10% pullback, only to end up losing your shirt? Has “greed” kept you in a stock where you wanted 50%, not 20% -- only to have the bottom drop out in a week, letting your profit dissolve into a loss? Have you ever held on to a loser because you wanted to prove your initial “instincts” were right after all?
By pre-determining the maximum amount you are willing to lose on a stock or fund, you can’t really get hurt. Equally important, this simple, proven strategy keeps you in a profitable investment so you don’t sell too soon and miss out on profits.
In a hypothetical example, let’s say you begin with $25,000 in a variety of stocks and funds. The first year was good and you made 25%. Now your portfolio is worth $31,250. You do the same the following year and now your portfolio is worth $39,062. Then the third year you lose 50%.
That would put the value of your portfolio back to $19,531 – which is less than you started with. Just one year’s loss can wipe out two years of great gains.
Now let’s say you had used the “trailing stop” strategy during these years...
You had the same $39,062 at the beginning of the third year – but – you were using a 15% “trailing stop”. As soon as the value of your portfolio dropped 15% to $33,203, you would automatically been stopped out, and would have locked in a profit of $8,203. I’m sure you’ll agree, that’s quite a difference!
Do this with just a few of your stocks or funds, and you can see how you can easily pocket thousands of extra dollars – while simultaneously minimizing your losses.
The “trailing stop” strategy is a time-proven tool for completely eliminating any emotions from dictating your investing decisions. The only problem is that it requires a lot of your time and a lot of work on an ongoing basis. If you have 25 different stocks, you may have to make 25 new calculations every single day.
The GOOD news is that now there is a new software program that automatically does all the tedious calculations for you. It can prevent you from taking big hits that can hurt you – while simultaneously letting your winners ride. Plus, you can now accomplish all this in about 10 minutes a day.
The program, “STOP-Master Portfolio Manager” is a great time saver. It monitors up to 50 positions in your portfolio. It automatically grabs current stock prices off the internet ... recalculates new trailing stop SELL prices as needed ... and completely updates your entire portfolio. When one of your positions hits your pre-determined SELL price, you are immediately signaled with a Pop-Up Alert. Then, simply instruct your broker to sell. No emotions. No needless losses. Greater gains.
© 2004 Empire Direct, Inc. All Rights Reserved
--
You have permission to publish this article electronically or in print, in your Ezine, on your Website, or in your Ebook or Newsletter as long as the Author’s Resource Box is included with the article.
The article The Secret to More Winning Trades is as Simple as Avoiding This Common Mistake was Submitted by James Clay through Articles.GetACoder.com network. Here's the additional information: About The Author James M. Clay has been a successful investor for over 20 years. He has shown many people how to use this simple technique to dramatically cut their losses, while simultaneously locking in profits. To find out more, please visit: http://www.AutomaticInvestmentProtection.com jclay@bellsouth.net
Newman,Quote:
Originally Posted by Newman
I went to look for CTGI.OB and I can't find it.. Where do you look it up and what do you enter to see it?
Thanks,
Bill
Bill, Hi Im pretty sure its CTGI I looked at it today...Decided to buy it at .15 while I was putting it in order... it went and closed at .18 I missed it but did buy GTXO at .14 Have a good weekend...Thanks Tony
hmmmmmmmm I will try again. I am putting together a practice exercise on the MACD and stock in relation with MA (moving averages) with Mapmaker's stock AIB. It is a terrific example of how to predict, what went on and what will be. I will post it on here. It should be fun and beneficial.
Cheap entertainment, only the cost of whiskey at home! It's just to get people looking at the MACD. Then we can do some other indicators if anybody cares.
Bill
Well, Newman, it looks pretty groovy right at the moment. CTGI has broken the 10 day moving average for the first time in a week. It is only 1.5 cents from the 50 day moving average. The MACD shows a bullish centerline cross over. The volume has picked up in the last week. If you can get to .19 or preferably .20, it has a good chance of busting out because at .19 is where the 50 day moving average is at.
You are in an up trend right at the moment. It looks like it has room to grow. I would be more confident in its duration once over .20. CTGI has had some pretty choppy times, and sideways times because of lack of volume and trading, but I see that is picking up.
With the volume, Monday might give a lot better indicator if it goes up.
Overall, it is risky, but it looks like it could grow now, and faster with the increase in volume.....that is my guess. I don't know how much you know about techno, but I would just keep a close eye on the chart with the MACD indicator and the 10 day MA showing. Just compare them to the chart and you will get a good idea if you don't know all ready.
I know that these stocks can bounce around pretty good. Sometimes it seems like everybody just throws out a price and they get what they want. It is pretty crazy and frustrating sometimes.
Any questions just give a yell by email or whatever.
Have a great evening,
Bill