Market Watch for week of 6/15/2009

[Stock Magician]

Dread,

sounds great. I will be looking forward to your post. Of course I already have way too many sites bookmarked that sometimes I get lost. But always interested in new information.

For those just starting out . . . .

I have a couple of binders that I keep current info in on stocks that I own and ones that I am researching for possible future investing.

I used to keep it all on my computer . . but somehow I find I like actual paper and folders in my hand when i am doing my thinking and pondering.

I try not to throw anything away that I have researched in case later, much later it comes up again or someone makes a reference to it. I can then refresh my memory on it. Even if I did not invest in it... it is good to see what I had found.

When I do research, I have a check sheet that I go down and that way I know where to go and what to search for as I gather information. If I don't stay on my check sheet I can get set off in other directions and never really gather the info I was trying for. There are so many interesting side notes you can get distracted fairly quickly.

I also have a scratch sheet for writing down information or stocks that I want to follow up later. This can fill up fast and many times I don't even get to follow up with all the stuff I write in my scratch sheet.

[Sworntwofun]

Hello Guys,

Hey Dread Good to see ya....I can use some of those tips for newbies so please copy me on them....Take a look at asfx its has a little consistant swing good for a few dollars on a daily basis....

Other than that I have mostly Siri, Which is finally starting to get with the program.....and I think it gonna sky rocket with in the next 12 months....

It looks like the market is pulling back so maybe we will get a second chance on a few tested winners...Abk was down to $1 on friday, recovered to 1.13 at close...the ships are looking better everyday...if ocnf ever gets to under a dollar again I will load up heavy and its getting close.....

I will post my list to watch also....This time will kill em..........

Have a Great weekend and will talk at you all soon...Tony

[bigsandy]

Hey Sandy -

I started playing with the pennies the day I bought SIRI...last November, lol.

Now these current sub-pennies and pennies. You have to do a lot of due diligence (research). You have to find a company with a REAL product that will sell. Take MGLG for instance. They have products - Gas and Oil. BCLE has products and they are a Disabled Veteran Certified Corporation that has products and has a bidding advantage that is huge on Government contracts. Plus they are partnered with a company that puts new pipelines in existing pipelines in cities and so forth.

About losing the house. Never invest more than you can afford to lose in any stock. Never take away from money that you must have. I know that you know that. Personally, I just took money from my business profit (a portion of it and use that), however, I don't put money in anymore. I just use what I have in there now to do trading with. I make a profit and re-invest it. In short order you will not have to put any more in.

Penny and sub-penny stocks are volatile and risky. That is why you really have to check a company out.

I find that the best thing to do is find some people, like here, that have been around and take a lot safer and profitable chances. Don't listen to people in chat rooms. They are pumpers and dumpers.

Learn with the people that are making money and you will fall into the groove. Ask lots of questions here. We will answer them.

In general, a great book for learning is Stan Weinstein's Secrets for Profiting in Bull and Bear Markets. It is a real education.

I hope that helps and ask lots of questions

Hey Bill:

Thanks for the feedback. Siri was one of my first plays--very good training wheels! You know I'm kidding about the house....plenty of equity here with taxes/dues paid up through end of year...lol.

I'm learning/training with 'play money' with the intention of building my portfolio more aggressively than with blue chips, 401k, Roth. Those are stuck in limbo until the economy rebounds (many moons from now IMHO). I've made some decent money with small numbers of shares in Citi (C), Ford (F) when it was under 2 bucks, EVII and BFR, both recommendations from another site

The only stinker I've encountered is Siri..hopefully patience will be rewarded...or I might just get fed up, sell the crap and buy more BCLE, MGLG and BEHL which are all great stocks.

Thanks to all for the posts. The frank discussion and honest opinions make this the best site...IMO!

Everybody have a great weekend and let's make some money next week!

S.M.

[billhart22]

Hello Guys,

Hey Dread Good to see ya....I can use some of those tips for newbies so please copy me on them....Take a look at asfx its has a little consistant swing good for a few dollars on a daily basis....

Other than that I have mostly Siri, Which is finally starting to get with the program.....and I think it gonna sky rocket with in the next 12 months....

It looks like the market is pulling back so maybe we will get a second chance on a few tested winners...Abk was down to $1 on friday, recovered to 1.13 at close...the ships are looking better everyday...if ocnf ever gets to under a dollar again I will load up heavy and its getting close.....

I will post my list to watch also....This time will kill em..........

Have a Great weekend and will talk at you all soon...Tony

Hey Tony!

It is great to see you becoming more active again. I know the whole story..a guy just gets tired. Anyway, we are into some pretty goovy stuff here now and it is a lot of fun. Remember when we first were getting into pennies? lol It was a complete mind-***k!

Now we have a good handle on them and they pay big.

The boats are always great. How many times have we owned them? I can't even remember now. They thing is getting them at a great price. The boats are some of the best stocks in the world, as you well know.

If I could get them below a dollar, I would just throw them in a drawer. FREE was at .65 in March and I didn't buy it then because it was too cheap (that shows you what a Knot-head I am). The next day it went to .95 and I thought it was too expensive. Live and learn.

It is great to have you back.

Bill

[billhart22]

Hey Bill:

Thanks for the feedback. Siri was one of my first plays--very good training wheels! You know I'm kidding about the house....plenty of equity here with taxes/dues paid up through end of year...lol.

I'm learning/training with 'play money' with the intention of building my portfolio more aggressively than with blue chips, 401k, Roth. Those are stuck in limbo until the economy rebounds (many moons from now IMHO). I've made some decent money with small numbers of shares in Citi (C), Ford (F) when it was under 2 bucks, EVII and BFR, both recommendations from another site

The only stinker I've encountered is Siri..hopefully patience will be rewarded...or I might just get fed up, sell the crap and buy more BCLE, MGLG and BEHL which are all great stocks.

Thanks to all for the posts. The frank discussion and honest opinions make this the best site...IMO!

Everybody have a great weekend and let's make some money next week!

S.M.

Hey Sandy -

I was wrapped up, as many other people, in financials and Ford and such. I fell into a pattern of buying them and then selling too cheap, so I didn't really make a ton of money with them.

I remember one day, Tony had BAC?? if I remember right and Ray, he and myself were trying to find an exit point for him and we had him put a stop limit in. The stock fell back and sold, then it took off again and went big, so Tony got screwed out of a ton of money. All of the stocks a few months ago were so volatile, but we were playing them like an instrument. We were all selling way too soon and just buying and flipping. Now if I had my head screwed on straight, like I hopefully do now, I would have held.

MGLG is a holder. Many people flip it at the first chance that they have to take profit, but they will get locked out. That is what happened to me last time with OCNF. I sold at 1.60 and counted on a pullback. Well, it hasn't happened since. A lot of times it is better to just hang on and knock the day trading off for a period of time. MGLG has a big float. 17 Billion shares? It takes volume and news to drive it, but lately the news has been good and more is coming out, plus the new wells. Everybody is just holding shares now and buying more before the production numbers come out. That is why the volume has been low the last couple of days. The price is holding and going up about a tick a day.

BCLE is a holder. The float is 30 million shares. Now that is just perfect for driving up prices once something happens. To anybody reading this, go back through this weeks thread and read the emails between the President of BCLE and myself.

BEHL, I won't express any opinions as I don't have any. It is quite volatile right now though, but it has a very small float, which causes volatility.

I really believe in sharing everything with everybody, because it just makes us a better community. I love honesty!

Bill

[billhart22]

I see you have been doing a lot of babysitting around here in the forums.

To save you time, I won't take it personally if you don't reply to my comments. NO REQUIREMENT!!!

If I have something that I do need you to look at, I will email you. And feel free to shoot anything over to me also, I will keep it confidential! If I don't have the time, I will let you know ASAP.

I just don't want you running yourself thin here.

I think I will compile a list of sites for the newbies to visit and read, so they can build their own trading techniques. I am all about the macro so newbies are warned!!!

I will try and get the list together this weekend!!!

Have a great one everybody!! Oh!! And Happy Fathers Day to all of the fathers out there!!
Disclosure:

(excluding same sex partners and all that left wing wacko @$##!!!)

Hey Jim!

Happy Father's day! Your last line about same sex partners and left wing wackos is too funny!

We appreciate anything that you can contribute. I just ordered Glenn Beck's new book "Common Sense" and Mark Levin's "Liberty and Tyranny" for my Dad for Father's day. He will love them. For his birthday I sent him an autographed copy of Dick Morris's book "Fleeced" and another one or two that I cannot remember. Oh ya, a couple of Marine Corps history books. Lol, everybody can tell that I am a real lib now

I hope that you have a great weekend and look forward to your posts!

I pray for the demonstrators in Iran to overthrow the government there.

Bill

[Sworntwofun]

Hey Sandy -

I was wrapped up, as many other people, in financials and Ford and such. I fell into a pattern of buying them and then selling too cheap, so I didn't really make a ton of money with them.

I remember one day, Tony had BAC?? if I remember right and Ray, he and myself were trying to find an exit point for him and we had him put a stop limit in. The stock fell back and sold, then it took off again and went big, so Tony got screwed out of a ton of money. All of the stocks a few months ago were so volatile, but we were playing them like an instrument. We were all selling way too soon and just buying and flipping. Now if I had my head screwed on straight, like I hopefully do now, I would have held.

MGLG is a holder. Many people flip it at the first chance that they have to take profit, but they will get locked out. That is what happened to me last time with OCNF. I sold at 1.60 and counted on a pullback. Well, it hasn't happened since. A lot of times it is better to just hang on and knock the day trading off for a period of time. MGLG has a big float. 17 Billion shares? It takes volume and news to drive it, but lately the news has been good and more is coming out, plus the new wells. Everybody is just holding shares now and buying more before the production numbers come out. That is why the volume has been low the last couple of days. The price is holding and going up about a tick a day.

BCLE is a holder. The float is 30 million shares. Now that is just perfect for driving up prices once something happens. To anybody reading this, go back through this weeks thread and read the emails between the President of BCLE and myself.

BEHL, I won't express any opinions as I don't have any. It is quite volatile right now though, but it has a very small float, which causes volatility.

I really believe in sharing everything with everybody, because it just makes us a better community. I love honesty!

Bill

Hey Bill.....Dont for get about Aib we waited months to get out @ $2.40 to $3 and we were so happy to get out....or Aig I got at .88 and you $1 we sold and the next day it went to $1.60+ sold Ford 1.60 drys 4.80 lvlt 1.07 frees 1.27 foe 1.60 the list is goes on and some of those lessons burn a spot in your brain so you never forget and use that experence for the next time to be more patient and wait for the right price to exit.......or not and keep longer... we were just traders then...now we are investors....I think?

But I think the market will retract big time especially after Obama last speech about new regulations on wall street that we will get a second chance to get it right this time..... have a good one....Tony....

Bill remember after bac I walked away from my computer and was missing from action for 2 days...lol.........

[billhart22]

MISSISSAUGA, ON, June 18, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its June 18th U.S. Penny Stock Highlights.

American Penny Stocks in Play:

Magellan Energy Ltd.: announced that it has signed a participation agreement with TMD Energy for the Lankford Lease in Morgan County, Tennessee. The lease/agreement consists of eleven wells that are currently producing natural gas. The operators, TMD Energy Inc., will work with Magellan Energy to ensure that the wells continue to produce natural gas and additional revenues for both parties. Magellan has an option on this lease to frac two shale wells in the future, which would increase the gas production per well on a daily basis.

Magellan Energy Ltd. (PINK SHEETS:MGLG) closed up $0.0002 at $0.0018 or 13% on the acquisition announcement.

[Stock Magician]

I really thought MGLG would do a little better on Firday . . . but I guess it took the Friday Dip...not unusual for a lot of stocks.

But I do expect it to bounce on Monday and finish @ .0020 or .0021

There is too much interest and momo on this one. Not to mention lots of good news that we have already read and yet to be heard.

[billhart22]

Just sign up and attend:


billhart22, we are happy to offer our members a "chart reading training session tonight in our stock chat room at 8pm est!! Our presenter will be raec! Many of you know her, she is one of our VIP members of the site and does a great job breaking down charts.

The training session will cover the basics of the following indicators Williams %R, Relative Strength Index (RSI), and Parabolic SAR. The class is about 2 to 3 hours long and is meant to be interactive which will include practice on reading the charts. The training will be in the "After Hours TA" room in our stock chat room. So log into the chat room by clicking on this link www.stockhideout.com/visichat and one you are in the MAIN room (that you auto log into) then click on "After Hours TA" word on the left column under room list.

Topics are usually selected from requests made at the end of the session. The discussion is interactive. chatters will be respectful of one another and this is a great place to ask questions. This class is discussion style, rather than a lecture.

Always have your list of stocks on watch, since she may request an example to illustrate a particular point or to give us practice.

SEE YOU ALL THERE!!