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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Thursday, March 24, 2005

LEXR: i sold all my trading stocks this morning

and went all-in on LEXR. Their award is huge - $380 million! Let's put that another way: Theoretically, management could use that money and buy back 75 million shares of stock assuming the price stays at $5 (which i highly doubt)!

We rocked on USEG called at mid $5. We rocked on ELTK called at $2.60. We rocked on GIGA called at $3.70 . Please think about taking profits at 30-50-100% gains. (And once you take those fast gains, think about staying out of the same stock unless you are a fast trader.) If you are greedy, no amount of gains can help ya.

2 Comments:

Blogger Elliott said...

when would you recommend a sell?

Thu Mar 24, 12:04:00 PM EST  
Blogger beanie11111 said...

A sell on what? On LEXR? If LEXR goes above $10 it becomes a long term investment (although you can trade it as well).

With the daytrades, i do not usually recommend sell, because even i do not know where it's headed or when it will correct. You have to use your own judgement on that.

Thu Mar 24, 12:15:00 PM EST  

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