Have a great weekend all!
GIGA: Should not have re-called it. Broke my own rule. Went up too much already. All should stay away unless you a quick trader.
SYBR: I bought this at around $4 before the close for a swing trade. I am holding this one for earnings, which is expected Monday.
SBUX & PIXR: These are long long long term holdings. Whenever you make big kachingos like we did at quick plays like USEG, ELTK or GIGA, please think about throwing some in these two great great stocks of the 21st century.
Rock on!
SYBR: I bought this at around $4 before the close for a swing trade. I am holding this one for earnings, which is expected Monday.
SBUX & PIXR: These are long long long term holdings. Whenever you make big kachingos like we did at quick plays like USEG, ELTK or GIGA, please think about throwing some in these two great great stocks of the 21st century.
Rock on!
posted by beanie11111 | 8:09 PM
10 Comments:
Beanie, what makes you decide to keep SYBR through earning?
Thanks.
-Alan
Beanie, I don't think you should dwell on... we all break our own rules every once in a while. Plus, I bet you gained more money on that sucker than you lost. Thanks for keeping this post up to date, I hope you keep recommending great stocks like you did this past week, a real home run! I know you're for real because you post your own mistakes and learn to move on and learn from it too.
Again, thanks
Hey thanks elliot!
LEXR was a good play in the morning already. Guess shouldn't have pushed the envelope on GIGA. lol....I highly recommend you guys stay away from GIGA and ELTK and LEXR for now. Congrats if you made money.
Alan, i do not recommend holding any volatile stock thru earnings. Not SYBR, not LEXR, not anybody (unless it's PIXR or SBUX). I am buying SYBR with very high risk money. My thinking (or hoping) is that they announce a small profit, which would cause the stock to take off. But it's a gamble. In truth, it is not a good trade. So i don't really recommend it unless you made lots of money on GIGA, ELTK or LEXR to throw it away like that.
good luck
How did i come up with a profit for the last quarter?
Well, in their press release, they said they were gonna make $56 million for the year 2004. Now, check this out:
http://finance.yahoo.com/q/is?s=sybr
In the previous three quarters, they make a combined revenues of $13,307,000 + $12,860,000 + $13,760,000 = ? Well, if you subract the total of the three from $56,000,000, you get approximately $16,073,000 for last quarter!
As long as the 'cost of revenue' doesn't increase that much, we should expect a profit for last quarter. This is what i am betting on. But it is still a gamble because even if they announce a profit, they still have to give guidance for 2005, which could be great or bad.
So there you have it.
Beanie, thanks for the information.
Just want to confirm that this blog is the most reliable and timely source to watch on your latest trades. Or elsewhere?
Well, i try to put (some) my trades on the blog immediately after the trade. But sometimes i go to the message board of my last trade first, and then the blog. Lately, i've been trying to blog it here first.
Have a good weekend! I like weekdays more though..... lol
beanie,
Can you keep posting on your blogger first? Just easier for me to keep track, is all =)
How do you know which stocks to choose to begin with? Personally, I never liked stocks worth below a dollar, but last week seemed especially good. Have you ever had a better week?
Yes, please keep posting on your blogger first. I will keep checking your blog all the time, and I am sure a lot people are also doing so.
Alrighty guys, i will blog the trade first before posting on message boards.
If you ever plan to follow the trades, be sure to pull up the day's chart as well as any headlines or press releases before jumping in. Sometimes the stock move so fast that it may be wise to wait for a pullback.
How do i pick stocks? I go to several sources, including www.briefing.com and message boards. If i find something of interest, i quickly do a fundamentals search as well as pulling up the charts. I look at the technicals, historical data, earnings&revenues, shares outstanding, sector, number of employees, volume compared to the average volume, press release, etc. I am willing to let the stock move ahead while i am researching. (I've been criticized many times for not coming in early. You don't need to be early to make money. Besides, alot of the times you can't see the trend by being in too early. You just don't want to be so late that by the time you get in, the run is over.) If i feel like there will be more significant upside, that's when i dive in. When i jump in and the stock don't feel right, i may jump back out and just watch before diving back in again. So don't assume that because i didn't post my sell doesn't mean i haven't sold. With such quick action, alot of times i just don't have the time to post a sell message. Hope this helps.
Elliot,
I usually don't like to play stocks blow $1 or below $2, unless there is a really good press release. And i meant GOOD! With stocks below $2, it really feels like 'pump and dump', because the stock usually go back where it came from, most of the time. Most traders will stay away stocks below $2 (unless the news is really good), so you not gonna get alot of traders' support on it. You gotta be quick on playing stocks below $2.
The market has been correcting lately, so most of the stocks don't really continue to go up. In a bullish market like we had 3-6 months ago, there was so much money to be made (even on stocks below $2!). Lately, the way the market has been acting, you pretty much have to take some profits by the end of the day. Holding the stock overnite, like GIGA (especially if you bought in late), could be disastrous if you waited to sell the next morning.
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