Hey Bill,Originally Posted by billhart22
I'm with ya - Loved Butterbean, great entertainment ...
SIRIUS XM SATELLITE RADIO FORUM
Hey Bill,
I'm with ya - Loved Butterbean, great entertainment ...
Andy, LT,yeah, Ive been watching L2 all morning and walk away for a few minutes to load a movie on the PS3 and come back with it back down to .014...AARRRGGGHHHH!!!!!!
HUGE sells going on at .014
One of things that I've learned through the years is to not give up! Sooner or later just about every investment will come back if you're patient enough.
The news for QASP is very positive. This will be a nice money maker for those of us who hang in there. I'll daytrade it often, but I'll always keep a nice sized chunk for the long haul also.
I see this same thing happening with SPNG, BEHL and even BCLE
It's a matter of time. And holding on. You really have to do this with the big board stocks too. It's just that on the big board you are thinking the long haul usually and on these pennies, it looks like easy fast money and it truly isn't!
I'm averaged at .02 on QASP for my long holds and I've made plenty of spending money by daytrading the ups and downs.
My thoughts as well Candle...if I could time my buy and sells right, I'd be a happy camper....even the stocks that turned south hard based on scam allegations are still trading (i.e. SPNG, MGLG & PGYC) and Im still holding them hoping for a return to green someday.
Looks like QASP is turning green again....seems like an even amount of buying and selling is going on L2 right now. Lots of volume and we still have a few hours of the day left to go.
Im avg. slightly higher than .02 in one acct and slightly under .02 avg. in the other, so with over 800K shares in this Im not far from making serious dough on this. I know some here think Im crazy...I keep saying its the houses money, but I'd hate to lose this so will pare down the position on the way up to secure my initial investment and let the rest ride.....if I lose it....Id hate myself for awhile, but its not the end of the world....we will still eat and sleep well at night...Im not risking money I need to live on.
SIRI is doing well today.....lots of green on the screen!!!!!
Last edited by Alaska Guy; 11-13-2009 at 03:21 PM.
If this news of securing financing for up to 6 more aquisitions is true. I think we'll see 3 cents within a month if not sooner. In the meantime I'll buy at .014 and sell at .017 several times a day between now and then!
Good stuff you guy's ... The patience thing, surely ... I guees it's just the nature of these Pinkies that set's the nerves in to spaz mode too often. How many truly are not either out right scams .... I got to get my butt back to work .
Thanks guys
It is NOT crazy to take the money off the table Andy.
It is really painful for me when I sell early and take my 10 or 20% and then see the stock rise another 50%. But, the fact is that I made SOME money and that's a whole lot better than not making ANY...LOL
By the same token I very rarely sell anything at a loss. I figure this is investing money. I wouldn't invest it if I couldn't afford to not have it for awhile. Therefore I can just wait out the dips, even the big scary dips.
With SIRI, I bought in originally at over $4.50 in my Roth IRA account. It's going to take a long time to make that back, but, I will make it back and I'm willing to wait for it. I know my luck...and that is if I sold it for a loss, SIRI would sky rocket the next day!
If you are still holding QASP...your welcome...Figures...sold position over last several days...PR today...WTF!!!!!
have a great w/e!
Jeff
Bill
The blue dog is stalking...and...stalking...and...stalking...waiti ng to pounce on the elusive $ mark! When it finally happens...You will be handsomely rewarded my friend!
Jeff
Some of my best trades ever were scaling in on the way up, and selling on the way up.
Also, it's a trap to think of your shares as the house's money, imo. I read in one of those books that one professional trader said that one of the biggest mistakes average investors make is trading a little more frivolously when their accounts are up using the houses money, or letting a position start to slide because its the house's money.
At the time, I used the house's money from RTGV and BEHL to buy ASFX, then scaled out on the way up... technically, those ASFX sells pays for all my penny mistakes alone.
Then, if you look at those charts, I made a "frivolous" BEHL buy - see the one that say's S-Buy... that was using ASFX house money. Stupid trade, I was in a toss my money around mode because ASFX was up so high. Lesson there is to trade consistently with the same consideration to your buys and sells regardless of where your account is. The house's money is your money.
Likewise, I have money on SIRI that I bought on a previous touch on the big trendline. A lot of those shares are bought with SIRI house money. I'm more serious with sirius, because it's a listed stock, and so I put more money in it than these pennies - which, as I've posted - are trades in the learning phase. For my latest SIRI trade, I have not calculated what my average cost is, meaning, I did not and will not factor in what effect the free shares have on my latest purchase, ie. calculate an average. I consider it a fresh trade. In fact, by not knowing, it keeps me psychologically more prudent in keeping up with what the stock is doing. If I knew that say my latest entry was half of what it cost average wise, I could let profits really slide down into the hole. When and if I actually get out, I'll calculate what I made or lost on it overall... but if I play it this way, after a few trades, there shouldn't be an overall "lost on it" if I always consider the latest trade as the only trade, and keep up on the rules.
I think, unless you truly are a natural, that it takes years to find and refine the trading style best for you. From what I've read though, the best guys keep their losses to a minimum usually early on from when they start. I've read some good stories though about some guys who really wiped themselves out (and their families), lost wives, etc. Then turn it all around and never look back.
Yeah, it's about 0.60 - but for this, I should just mark a line running parallel to the major trendline, and it won't be a hard stop, the mark will be a little below, and depending on general market conditions, there will be slight leeway, it's not unusual to pierce the line intraday, and see a reversal intraday. A decent close below on heavy volume, or say a couple of tight days below on lower volume is enough to get me out. Me personally though, I'm expecting for it to head up. I noticed that calls went up off the nickel mark today. I"m thinking of buying some, but at a nickel if I can get them.Thanks for the updated chart there Dr. Dave. Always a pleasure to look at it.
Looks like the stop has moved to around the .60 mark now eh? If it gets below that price I'm out also, if not before then.
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