Market Watch for week of July 13, 2009

[looking upward]

Hi Everyone,

Question: What does RSI stand for, ie: The RSI is @ 30. Maybe a stupid question to some, but I know others here will appreciate the answer too.

Gi Gi

[trippingthespeculatingpos]

i just picked some bcle at 015 and 0145 for an avg of 0149 might buy some more if it dips further, i like these low floaters and they seem like they got some good stuff going on.

[billhart22]

Hi Everyone,

Question: What does RSI stand for, ie: The RSI is @ 30. Maybe a stupid question to some, but I know others here will appreciate the answer too.

Gi Gi

Relative Strength Index. Over 50 is good and vice - versa.

http://stockcharts.com/school/doku.p...ngth_index_rsi

[Alaska Guy]

I would love to avg down a bit more on my positions of mglg, bcle but I have so much invested in them now. Any ideas out there?

[looking upward]

Relative Strength Index. Over 50 is good and vice - versa.

http://stockcharts.com/school/doku.p...ngth_index_rsi

THX Bill!

I knew you'd have the answer you "stock guru" you! BTW, I'm still holding all of my BCLE, would you be a buyer of more sh., or should I just hold what I have and see what happens?

[trippingthespeculatingpos]

i would take a look at behl alaska guy

[notwal]

hello guys...Im a relatively new trader and ive been here a while and own or have owned most of the stocks that are mentioned here(SSCCQ,BEHL,MGLG,BCLE,IFSL), however I am curious as to what tools or resources you all use to find the picks. I understand doing DD before buying but what points you into the direction of a stock esp the pinks? Volume numbers? Sector strength? IHUB activity? Some type of program? Any input would be appreciated...ive made money off of you alls picks but I would love to be able to contribute as well. Thanks in advnce

[trippingthespeculatingpos]

i like to use a big dart board, and then i just put a whole bunch of random tickers on there and fire away. lol its all about understanding what a company has to offer, making sure their float hasnt outgrown their potential and making sure its not in an overbought state, then u use charts and diff indicators like rsi macd obv to try and time ur buy right, timing imo is the most important part, u can have a good stock with tons of potential and time it wrong then lose alot of money and even vice versa with bad stocks.

[Sean]

i think that was my problem, i just bought the second my account was ready,
i think i want to get more bcle though closer to mid august

[thetree]

Tony,
If you like MGLG, you might like MILL, they do the exact same thing as MGLG except they are operators too and they have about 1000 more wells. Plus they have P/E at .43 and just bought about 5000 more acres of shale.