Market Watch for week of 6/29/2009

[bassmaster]

Hi Bass, had an order in for 400K @.0011 all day again ... not biting there. Monday I am thinking I will just have to concede and move it up to where it will trigger.

if you didnt up the ante yesterday @ close , i wouldnt do it monday unless news comes out before open. the longer we wait , the more restless short term holders get and let go of their shares. if i was in your spot i will keep the .0011 buy monday morning, possible even putting in a buy @ .0010 as well. the pattern has been sell early in the day, buy late in the day. i dont see why this should change. some people take a contrarian view , by thinking the longer we go without a pr is just a step closer we get to a pr. its market sentiment bro, BUT PLEASE LET ME NOT INFLUENCE YOUR DECISIONS, I AM JUST GIVING MY OPINION..

if we dip below .0009 its very bearish. i may unload all and rebuy lower, i am BULLISH LONG TERM. as per KAREN, "WE HAVE DOUBLED OUR PRODUCTIVE WELLS"....its the pinkies, people dont marry these boys , they just hit n run until theres steady revenues and increasing growth.. thats why there is alot of impatience.

PLEASE SHARK, i dont like messing with other peoples money. i have plenty of my own to fool around with and that is why i am learning/playing this game. i would love for all of us to make a fortune together.. but understand i am investing in pinkies with a very small % of my bankroll, and i can easily afford to lose it all. so my strategies or opinions may not be optimal to others who have a smaller bankroll and buy the same amount of shares that i do (which is a mistake IMO) - not saying you're doing that, just thinking out loud so the lurkers can hear.

GL WITH YOUR TRADES < W/E YOU DECIDE!!!!!!

[Dr. Dave]

Hi Bass -

I'll take a look at it - again - tea leaves - but, I'll be posting a few new charts on MGLG to show the importance of looking at possible support lines - places where you may want to take out some of your initial investment to let the rest ride.

Btw, for newbies, I'm 100% with Bill, in that, for the pennies - I start with an initial investment - could be 2 (but if I go in two chunks - each is 1/2 what I would have done initially). From there, if I can get a 75% (100% better) and up return, I remove my initial investment and let the rest just ride. Someone mentioned getting a 400% gain, and thinking it was bad that they pulled out early. Well, if you did, IMO, just put in that initial investment at any price now (if you still want to play) - that way you have gotten 100% free stock, 200% profit, and another 100% to play in another down the line - that's my opinion.

I've been on the side where a penny stock rises and falls, rises and falls, and after being up quite a bit - the hype was over - I was still holding - then I let it slip - then I averaged down... that's not what you want to do.

My initial (should be read only) investment for the pennies is guaged for a 100% loss with no averaging down. That's my strategy. For something listed less than $5 - then I'll have stops - so I'll invest more, but still, I won't go in near as much as I would say AAPL - where I can and have gone as high as 70-80% of my account once I averaged up.

Just my 0.00002 cents

[GoHerdGreg]

Bill and everybody else:

Just thought I'd share with you what the profits from my sale of BEHL on Thursday went into. In short...it enabled me to share the joy of flight (I am a student pilot, by the way) with my entire family.
Each of them (5 of us) got to enjoy a flight in a genuine 1940 Waco biplane today in North Myrtle Beach, SC. I have flown in this particular plane before, and knew how awesome the experience would be.

Today -- courtesy of BEHL-- I paid for ALL of us to fly around the area for over an hour. It was worth every penny paid, and the video/photo of it will stay with me forever.

I thought I'd share it with you all, too:


This is the 1940 Waco biplane, carrying my dad and his best friend, John, back from their 30 minute flight. Both of them LOVED it. Their smiles were worth every single penny.


Yours truly in the front seat, at about 300 feet above Cherry Grove, SC. I love flying, and hope to finish my private pilot's license one day soon.


My girls. Jennifer (the wife) and Julia (the 4 year-old) at 300 feet above the Atlantic Ocean at about 100mph. They both enjoyed the flight tremendously.
They are the reasons I carry on day after day.


500 feet above North Myrtle Beach, SC on this Independence Day weekend, enjoying the amazing freedom of flight.


Just wanted you all to see that profit can be used in ways to enhance the lives of those you love. The freedom of flight is one that is VERY important to me, and one that I wanted to share with my loved ones this Independence Day weekend.

Thanks to BEHL, my dream became a reality. I savored every moment of the flights, and am satisfied that the money was put to good use enhancing the lives of those I love.

God Bless you and God Bless the US of A. This is but one of many reasons why this is the GREATEST country in the world, with no equals.

I am very proud to be able to share this with you all.

[billhart22]

You are quite a guy, Greg! I really admire your style!

Man, that looks like a ball! I would love to do that. Great pictures too! Thank you for sharing them with us!

I have some stocks to check out and will be in and out and posting on them. Bass is headed to Vegas to participate in the World Championship of Poker, but Dave and I will be around, plus any of the old hands here. Ray pops in and out and he is a VERY knowledgeable buy. I am nervous as hell, because I have to work starting next Tuesday for a few days. It doesn't matter who it is, but stay in here and everybody help everybody.

The second post in this weeks thread explains how to post Level II's here. If somebody could get geared up for that and throw a few in during the days it would be majorly cool of you and I know that everybody would appreciate it.

I will be working days and I don't have an I-phone or anything, so it will be a gut grinder.

I'll be back here in a bit..

Bill

[GoHerdGreg]

You are quite a guy, Greg! I really admire your style!

I think the links got screwed up.

Bill--
Links fixed. My Photobucket account was all screwed up.
But now it is fixed. Hope you can enjoy the photos...

[billhart22]

I edited my last message, just so you know

[billhart22]

For all of you players out there My babies!:







Yes, just a part of mission control, lol!

[Dr. Dave]

Bill and everybody else:

Thanks to BEHL, my dream became a reality. I savored every moment of the flights, and am satisfied that the money was put to good use enhancing the lives of those I love.

God Bless you and God Bless the US of A. This is but one of many reasons why this is the GREATEST country in the world, with no equals.

I am very proud to be able to share this with you all.

Man that looks like fun! Congrats on a great trade! Great trades certainly make up for the bad ones huh?

[billhart22]

Man that looks like fun! Congrats on a great trade! Great trades certainly make up for the bad ones huh?

There is nothing like a great trade! I love the smell of great trades in the morning....

I was reading some simple, but really pertinent things...here are some things to think about (Not in a list but paraphrasing):

Some big myths:

Reality and myths collide::

The average investor believes that after a great week that the weekend is a buffer and a stock will be ready to run on Monday. Everybody has heard it and preaches it that the market sells off on Friday. (Sound familiar?)

What everybody thinks is that traders sell off of Fridays so they don't have to worry about news and other factors. They do this so they don't have to worry about events happening over the weekend.

Well, this is total bullshit. Actually, Monday is the worst day of the week if you look at it over a period of years.

That is why they call it "Blue Monday".

When it is a bear market, it is especially this way. In a bull market there is nothing to get excited about.

The second item is that there is a misconception about long Holidays like this weekend. Everybody thinks that a stock will go down before a long weekend, well, the opposite is usually true. The close on Friday is usually higher than the open on Monday.

Apparently, Monday is the most sucking day of the week and Friday is the big day...so take it from there.

I paraphrased Stan Weinstein's Secrets for Profiting in Bull and Bear Markets...It is an excellent book and I have learned tons from him...Check it out if you get a chance.

Two other books to read are: Merrills book - Behavior of prices on Wall Street and Hirsch's "Don't sell stocks on Monday".

Good books to glean on....

I know Dave has a great list and if he would re-post them, it would be greatly appreciated if he has the time and feels like putting in the effort. Dave is a great contributor to this site and we love him!

Bill

[billhart22]

Man that looks like fun! Congrats on a great trade! Great trades certainly make up for the bad ones huh?

Congrats Dave! You are now a senior member! Wear your rank proudly and defend the unjust. You are now a X-Man... lol