Wow!! IFSL gave me a hell of a ride today for finally closing 10% up.
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Wow!! IFSL gave me a hell of a ride today for finally closing 10% up.
why did the blonde stare at the orange juice...
because it said concentrate
hey sean, most stocks ive made a big return in are ones that have put me deep in the red first before making any kind of return, behl is a good example, i bought i at 0038 it then dropped all the way to the 001's i was looking at a huge loss but i held in there cause i liked their ideas and now im sitting on a 600 percent gain, quite a few times it has worked out that way for me, the best thing to do is make sure u believe in something completely before u buy it, then when it starts to lose u money you xcan be confident in the long term perspective and hold and maybe even accumulate more.
whoa, did you buy February this year? thats alonggg time to wait but thats awesome how it worked out... imagine getting in at .0002 instead of .0038.. that would have been 19x more profit, stocks are awesome :) $$
lol did anyone else watch the video on bcle's website for tool/weapon cleaning, i was thinking if every boat/army place*(i'm canadian we don't have army stuff lol) or in the future even factories had one of those that'd be sweet.
yeah i shoulda avged down more but i was holding my siri thinking it was going to do something for me hahahahaha
Thanks! I'm holding! I used a weighted method to make my decision....Quote:
Originally Posted by Sean
1) Momentum +2 points x weight 1 = +2 score 2
2) Earnings run up +2 point x weight 2 = +4 score 6
3) Short covering -3 x weight 2 = -6 score 0
4) Classic chart pattern +1 x weight 1 = 1 score 1
5) Nasdaq resistance +1 x weight 0.5 = 0.5 score 0.5
6) Market condition -1 x weight 0.5 = -0.5 score 0
7) Sean 5 x weight 6 = 30 score 30
Scales we're tipped, and we'll find out on Monday!!!!!
Technically speaking, the shape is a little off - more like a shot glass, haha, and so is the time frame, etc... but, you could call it that in its bastardized penny stock form (in fact, most cup and handles on the big boards are bastardized - I saw a perfect one for GOOG years ago!). If we called it as such, the nice thing it has, is that the handle is in the upper half of the pattern. The volume is also what you would want to see. Breaking 0.0023 would be the buy point if you were going to play it as such a pattern.Quote:
Originally Posted by ShotsII
Now, pop over to a BEHL chart - and look at the week of June 22. I usually don't buy anything during the major upswing, as I prefer the first sign of strength. You see how it had an prior, so I would have stayed out of it, but - after 5 open and closes on the top end of the June 22 candle - I considered that a sign of strength, and was set to buy anytime on the first day of new strength - slept thru it, but no worries, I was just as happy to see that it was a good call - so keep an eye on the same thing for IFSL. A couple more days up there, and I would tend to believe you have a new base or a respectable handle to begin a position, or stay in the position.
My usual disclaimer, I haven't traded many penny stocks - only 2 others (1 being SIRI) prior to posting here, and the moves are much different than what I am used too, but so far, it looks like once the stock forms a base, and there is a sign of momentum to the upside, you can get in with some confidence, and get out at the sign of a reversal candle or resistance - or cut out some of your position. If the pattern/momentum fails, you can cut out within a day, and not be hurt too much. Also, that's my take on how I would trade it. Daytraders, speculators, penny experts etc. have much different strategies. Currently, I'm just testing things for my style with very little money - and I'm finding out, it may not be good for me, not because of being able to trade my way, but on the requirement of having to be in front of the computer to catch these things, the advanced orders I would use for other stocks aren't allowed by my platform. If I traded like some of the other folks in here, it wouldn't be an issue.
Anyhoo - if the closes can continue to be up there at 0.002, I'd say its doing well. And if so, buying some before a breakout would be fine, provided you put in an amount that doesn't bug you if it doesn't. For a more speculative play - then of course, you'd have to get the input from some of the others.
Sean and Shots...
Would you say RTGV is a cup and handle (ugly penny version?)
Tripp, what did you think of the UFC?
i wouldn't consider RTGV a cup and handle, it doesn't look like mglg's pr goog's, but looking at what you said about june 22nd candle on behl it looks like when you get a candle that looks like
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that opens higher then the previous day=bullish? ususally