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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!

Friday, April 08, 2005

ARTW: They are running this monkey!

Buy on dips. Swing trade. $20 target.

18 Comments:

Blogger beanie11111 said...

Buy only if it goes near hod, or if it dips to the low $9.

Swingtrade.

Fri Apr 08, 12:44:00 PM EDT  
Blogger Alan Ji said...

Beanie, don't you think it's better for it to pull back further tomorrow before entering it?

-Alan

Fri Apr 08, 12:48:00 PM EDT  
Blogger beanie11111 said...

Yes, assuming it will pullback tomorrow. Pacman and his people are also in that one!

That's why i say to buy if it dips back to $9. Or if it breaks hod. If it breaks hod, it could go several bucks higher today (by then it would be too late to come in).

Fri Apr 08, 12:55:00 PM EDT  
Blogger beanie11111 said...

PAM is so awesome today. 16% trading range!

Fri Apr 08, 12:56:00 PM EDT  
Blogger beanie11111 said...

I do not recommend buying ARTW as it is sitting in the high 10's. Watch for it to break hod to enter (and sell for a profit. If it breaks hod, it should correct tomorrow, and you get to buy again), or buy when it corrects back to support.

Fri Apr 08, 12:59:00 PM EDT  
Blogger beanie11111 said...

I wonder what the guy who sold PAM at .84 is thinking right now! lol

Fri Apr 08, 01:00:00 PM EDT  
Blogger beanie11111 said...

PAM is dripping only on low volume. When it goes higher, it will be fierce and with high volume.

Fri Apr 08, 01:15:00 PM EDT  
Blogger beanie11111 said...

ARTW:

There should be no entry for any of you guys here yet. Entry is break of hod OR the low $9.

Fri Apr 08, 01:16:00 PM EDT  
Blogger Alan Ji said...

Beanie, when did you buy ARTW?

Fri Apr 08, 01:18:00 PM EDT  
Blogger Alan Ji said...

Beanie, I don't mean to disappoint you but PAM may not run up again. Look at another stock in similiar situation, PTSC also reported historical earning a week ot two ago. It's not moving at all...

-Alan

Fri Apr 08, 01:28:00 PM EDT  
Blogger Alan Ji said...

Trader, I disagree with you. Please check out this news:

http://biz.yahoo.com/bw/050405/55231.html?.v=1

SAN DIEGO--(BUSINESS WIRE)--April 5, 2005--On March 31, in its first quarterly Webcast, Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) announced it's first-ever quarterly profit - a major step forward for a company that recently signed a major licensing agreement with AMD (NYSE: AMD - News).

Fri Apr 08, 01:50:00 PM EDT  
Blogger beanie11111 said...

Let's lower buy for ARTW to $8, if the drop is fast and there arent any reversal at $9.

Fri Apr 08, 01:50:00 PM EDT  
Blogger beanie11111 said...

Alan,

I don't have ARTW yet. Was a little late.

PSTC is not a profitable business and is on the otcbb.

PAM is still above the 50 day MA. It is too late to sell now. Never sell stocks when they are at the 50 day MA, unless that breaks down on high volume. I believe a pop is just around the corner.

Fri Apr 08, 01:54:00 PM EDT  
Blogger beanie11111 said...

Alan,

you should have bought up PTSC when it was at 7 cents! I would have bought it there for a daytrade! lol

Anyhow, the technicals on PTSC is still not good. Currently downtrend, unless it moves higher (which i would re-evaluate).

I believe PTSC will eventually be back in play again. It just needs some more strength.

Fri Apr 08, 01:58:00 PM EDT  
Blogger beanie11111 said...

PTSC looks like their fundamentals are changing, but not their technicals. Most traders don't like to buy otcbb stocks as investments.

PAM's fundamentals are good, and their technicals are good as well.

Fri Apr 08, 02:02:00 PM EDT  
Blogger beanie11111 said...

I've been looking at DVID the whole day and have not called it. Wow!

Fundamentals stink like cow dung. This stock is like VEXP. Trading only. Man, traders are desperate now to run up 2 total junk in a week!

Your risk. I ain't playin.

Fri Apr 08, 02:07:00 PM EDT  
Blogger beanie11111 said...

Amazing! Everybody going down today! Nasdaq, Dow and Oil..Nobody wants to hold anything into the weekend. lol

Fri Apr 08, 02:22:00 PM EDT  
Blogger beanie11111 said...

It is usually not very profitable to play momo stocks on down days. They usually don't continue their run.

Fri Apr 08, 02:24:00 PM EDT  

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