Wow, what a day! We missed two grandslams today.
One was TAYD and the other was ELTK (although we got a $1 move on it). We were more careful today because ELTK already made a big move several days ago. TAYD, as a tsunami play will never hold its gains.
We have re-entered ELTK near the close since it held above $5, as stated.
Remember that SYBR is a super risky play for holding thru earnings.
We have re-entered ELTK near the close since it held above $5, as stated.
Remember that SYBR is a super risky play for holding thru earnings.
posted by beanie11111 | 4:00 PM
5 Comments:
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The Nasdaq went below 2000 once again, so traders started selling some of their risky stocks, like GOAM, PACT, SYBR, and many others.
I don't think the PACT selloff had anything to do with insiders. It was just an initial burst that caused an avalanche of selling, because everyone was wondering the same thing - whether insiders knew something. But i believe it was mainly due to the market selloff. Hey, it could be both! lol
qtpie, my goodness, how it happen? lol
You must understand that when you get big profits, you need to sell some (or all) of your shares! Remember, most of the low priced stocks that move up fast are actually very risky!
I haven't played GOAM, and wouldn't either because its fundamentals suck big.
LEXR was called in the mid to high $5's. I even stated on the blog when it was sold. LEXR went from $3 to above $7 in one day! Those who bought the day after the press release really needed to be careful. Although i originally planned to hold it into earnings, it didn't feel right in the afternoon so i folded.
USEG was called in the low to mid $5's and it went to $8. We made out big on that one. Anyone who bought in the high 7's and don't set a stop loss gets the wrath of the correction.
SYBR was for an earnings play. I said it is risky. But it is meant to be held into earnings. So we don't know the result yet until earnings come.
qtpie, please think about selling quickly if you are late to the party and it doesn't pan out, or don't buy in at all. You either buy at the beginning or middle of the run only. But if it turns out you bought late into the run, then get the freak out, no questions asked! Just like what i did with ANLT today. I thought there might be more to the run, but it turns out i jumped in at the end of the run; so i bailed asap.
Most of the beanie readers are probably out of USEG and definately LEXR by now. Some are willing to take a risk in SYBR.
I am gonna give ya a hint right now that will save you tons of money. Use the whole numbers as support or resistance! Did you see LEXR going over $7 the other day? Then $7 became support. Well, after staying above $7 for awhile, it finally fell below $7, which now becomes resistance. It tried and tried but could not go above $7 again. That was a signal to sell your shares.
USEG, did you see it try to get to $8 (resistance), but it just couldn't do it. That was signal to sell. Then it went to the low $7's (which became the next support). It broke the $7 and went below it and just couldn't get back up. That was also signal to sell. Then it went to the low $6 and stayed there for awhile. That was time to buy because the support $6 held. It flew to the high $6, but couldn't reach $7. That was also time to sell. Today, USEG broke down $6; that was also time to sell.
Why are you holding your stocks for so long? Is it for a long term investment? Why are you buying crummy stocks (all stocks under $10 are crummy stocks!) for long term? If a swingtrade is the case, you need to know that a stock doesn't just go straight up. It needs to correct. If you hold it too long, you gonna see it correct.
Ok, qtpie, consider getting rid of all the stocks you listed tomorrow. Ok? Let's start brand new.
Then, when i call a play, and you are playing it, i want you to go to my blog and post a comment and give me the price you bought in. I will let you know if you got in too late and i will let you know when i get out. Ok?
Respond to this post if you understand and that you gonna post your trade(s) on my blog.
Go back to a previous post where someone recommended a site that allows you to track a webpage that is being updated... Sounds awesome.
I will not give any opinions on CALM or GOAM because i have never played them.
SYBR we will have to wait for earnings.
Hey Beanie, great job man you're on top of your game it seems. I use to daytrade and see that you know what you're talking about. Well first off let me spill the beans to all. Please check out ACSEF it is a small cap (low float)with great insiders positions held. Has solid earnings and p/e ratio. ACSEF is known for mamoth gains but doesnt usually hold em well. Yesterday it touched it's 50 day moving average after a shakeout and closed strong on higher volume. ACSEF seems destined to run wild again; wednesday 3/23/05 was its last run. i think this week or today it will be the day, please look into and i urge you to make this one of your picks thanks alot if you agree.
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