Market Watch for week of 9/13/09

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09-16-2009, 11:50 AM
imromo24

Quote:

Originally Posted by bassmaster

http://www.nasdaqtrader.com/Trader.a...tus&cid=topnav

check this out

wild, what timing that might have saved spng for a bit...
09-16-2009, 11:51 AM
bassmaster

Quote:

Originally Posted by candleman

I think this is going to be a swing trader. I'd be happy to hold for a few days and make 10 - 20%. And then do that a few times.

I am always bad at long term holding in this economy. The ups and downs are the way I make the most money.

I look at my long term holdings like McDonalds, Coke, GE, and the like and they just don't produce much profit. It's better than having money in the bank, but it's not enough profit for the long run.

I got out of QASP today after turning a 40% profit in just 4 days. And I'll get in and out several more times....:)

what do you use to target buy in points? i think i posted the other day resistance levels. you may want to check em out and let me know what you think.
09-16-2009, 11:53 AM
bassmaster

Quote:

Originally Posted by imromo24

wild, what timing that might have saved spng for a bit...

dont be shocked at the tape... you're gonna see trades that executed during this shutdown and are just getting reported now
09-16-2009, 12:07 PM
candleman

Quote:

Originally Posted by bassmaster

nice scalp candle!!!

i havent shaved my holdings in qasp yet. im on the fence. im under the impression we're going on a PR blitz soon.

I'll buy back in at the next dip, possibly today. I like to take those profits when I can!
09-16-2009, 12:14 PM
bassmaster

Quote:

Originally Posted by Los Tiburones

Hope that helps Bass ... :)

It's a nice boost in the arm this morning.

My leaks? Boy, too late to the party ... seemingly, all of my pennies are red. Yesterday I was having serious doubt's about all of them, wondering if I had allowed myself to be conned, that they all had had their little run and now I was just stuck ... A great part of the problem? I got awakened far too early in the morning, couldn't get back to sleep and was in a foul mood all day. Fatigue can have you imagining all kinds of things, not to mention the inroads from the unscrupulous (I.E. Shrub reading) that works it's way into the subconscious ...

Still, just trying to think critically about all of this, it's psychologically ... challenging. I will continue to be highly suspect about any and all of these stocks, too easy to latch on to things ... An example, the Stock Guru on QASP. For all the great stuff dug up and presented over there, it occurred to me that they well may be paid to do just what they are doing, pumping up the stock ...

I'll be off on another ramble here if I don't stop ...

dont worry, all it takes is 1 blue sky break out for your worries to be over. we are all in here trying to help each other make money. we will be successful as a team. dont give up. im treating this as a game. when i first started playing poker i got my ass whooped. now im a pro whooping ass. its the same when i got into stocks. do you know what it felt like when i had sirius go down to .05 ??? i think i had around 70k drop to under 10k!!!!!! obv then i averaged down, but you get my drift. its either beginners luck or learn the hard way. hopefully with people like bill, dave and others our education wont be too expensive.
09-16-2009, 12:14 PM
candleman

Quote:

Originally Posted by bassmaster

what do you use to target buy in points? i think i posted the other day resistance levels. you may want to check em out and let me know what you think.

LOL Bass, I wish I had some science behind how I do this stuff. But, alas, I go with my gut. I have tried and tried in the past to use charts to find buy in's and sell out's..... But, I just had no luck.

As an example, take SIRI. There are people watching charts trying to figure that out and they aren't making any money because the stock isn't doing what the chart says it should. Instead, I just buy it when it dips 3 cents and sell it when it rises 4 cents. So far it has worked for me.

With Champion, I look at things like the housing market rebounding. And I say to myself.....Chuck, this stock is priced way below value, you ought to buy some..... That's my chart!

But, one of the things that I LOVE about this community is that we use all different forms and techniques of trading. So, any of us can glean what the others are doing. It's just a great place to get ideas.
09-16-2009, 12:16 PM
bassmaster

Quote:

Originally Posted by candleman

I'll buy back in at the next dip, possibly today. I like to take those profits when I can!

looks like you'll get your chance soon enough... not sure if we fill that gap, but keep an eye on it. if youre a "every gap fills" believer then i think you have your buy in range. GL.
09-16-2009, 12:17 PM
bassmaster

im showing big support for now at .025 ( .025 x 4)....not sure if MM's will pull it tho. they have a habit of doing it sometimes.
09-16-2009, 12:18 PM
candleman

Another case in point.

QASP just dove from .029 to .025

Anyone who sold at .028 or above ought to be buying right this second.

Just my opinion.
09-16-2009, 12:24 PM
candleman

Quote:

Originally Posted by bassmaster

im showing big support for now at .025 ( .025 x 4)....not sure if MM's will pull it tho. they have a habit of doing it sometimes.

Thanks Bass, what do you think about BCLE? It seems to be on a downward spiral. It's cheap so I keep buying all the way down.

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