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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!

Tuesday, May 24, 2005

AMRE: Profit taking this morning.

We'll see how low it goes. If this is making your stomach churn, sell ANOTHER 1/2.

28 Comments:

Blogger beanie11111 said...

TIVO:

I bought a whole bunch this morning.

Tue May 24, 10:29:00 AM EDT  
Blogger beanie11111 said...

AMRE:

Ouch! Who sold at .133?? lol

Tue May 24, 10:51:00 AM EDT  
Blogger beanie11111 said...

Don't even think that the eBay consignment stocks are done running!

NAUC isn't selling off, so why are you guys in such a hurry to selloff AMRE? lol

Tue May 24, 10:54:00 AM EDT  
Blogger beanie11111 said...

AMRE:

We just had almost a 50% retracement in this stock since the run started at .01

Tue May 24, 10:56:00 AM EDT  
Blogger beanie11111 said...

NEOM:

Nice recovery. I believe yesterday's low is the absolute bottom.

Tue May 24, 10:57:00 AM EDT  
Blogger beanie11111 said...

sydu,

I live in San Jose and i only see 1 eBay consignment store when i drive around. Much more room for growth.

Tue May 24, 11:15:00 AM EDT  
Blogger beanie11111 said...

AMRE:

Looking ominous. There may still be folks who own it cheap.

Tue May 24, 12:42:00 PM EDT  
Blogger beanie11111 said...

AMRE:

If it breaks lod, there will be a chance it will go to .10, where i will be waiting....

Tue May 24, 12:45:00 PM EDT  
Blogger beanie11111 said...

TIVO:

Flying once it breaks $7. We have about 50% of our portfolio in this one, and watching it like a hawk...lol

Already sold EGHT.

Tue May 24, 12:49:00 PM EDT  
Blogger beanie11111 said...

I be right back, gotta run an errand. Later.

Tue May 24, 12:50:00 PM EDT  
Blogger beanie11111 said...

AMRE:

Let's take ANOTHER 1/2 off here.

Tue May 24, 01:09:00 PM EDT  
Blogger beanie11111 said...

LLLI:

I have been watching this stock for days now. It is playable on the long side, but note the company doesn't make any money and now has about 150 million market cap. Another taser play.

Tue May 24, 01:12:00 PM EDT  
Blogger beanie11111 said...

AMRE:

If the lod holds, we should be ok.

Tue May 24, 02:05:00 PM EDT  
Blogger beanie11111 said...

Harry,

Fear. The fact that it went up almost 2500% within 1 week can create extreme fear when the price dips. Everybody thinks it will go back to .05 . LOL

Tue May 24, 02:06:00 PM EDT  
Blogger beanie11111 said...

Cordero10,

Wow you came in HISC rather late. Was called at .01 and then at .02 . Everybody should have taken 1/2 by now. It went up 400% in less than 3 weeks; so consolidation is necessary. I believe it will move higher eventually.

Tue May 24, 02:08:00 PM EDT  
Blogger beanie11111 said...

AMRE:

Very oversold now, but hey, when the crowd is extremely fearful they will get out at any cost! But you know what? When they are done selling, it should rebound quickly, imo.

Tue May 24, 02:27:00 PM EDT  
Blogger beanie11111 said...

AMRE:

I believe has bottomed at least for today.

Tue May 24, 02:30:00 PM EDT  
Blogger beanie11111 said...

IFUL:

Someone mentioned this one yesterday. We still like it. Decent swing trade. We don't have a position though.

Tue May 24, 03:14:00 PM EDT  
Blogger beanie11111 said...

You guys do understand what consolidation means, right? When a stock goes up several hundred percent within several weeks, consolidation needs to happen in order for a stock to continue upwards (if it is meant to move higher). Note that it could also mean the stock topped out. (Ouch! lol)

That's why you don't want to come late to the party! If you are late, it is best to stay out. Many players are probably doing the same thing that i am doing - selling 1/2 at or near a double. That will cause downward pressure as it creates an avalanche of selling.

Tue May 24, 03:26:00 PM EDT  
Blogger beanie11111 said...

scourge,

Dude, why are you so late to the party?

If it is of any consolation, i still have about 40% of my original holdings in AMRE.

Tue May 24, 03:30:00 PM EDT  
Blogger beanie11111 said...

Selling 1/2 your shares sometime after a double has been reached is probably the most important thing you can do for your account. Sometimes even if you don't get a double, selling 1/2 is still a good idea.

imho

Tue May 24, 03:33:00 PM EDT  
Blogger beanie11111 said...

LLLI:

Continues to move higher. What a monster. This particular stock i got a piece of mail pumpin it by a newsletter writer. So you have momentum on your side.

Tue May 24, 03:35:00 PM EDT  
Blogger beanie11111 said...

LLLI:

By the way, the newsletter writer is pumpin it as the next Taser, but even bigger potential...lol

Buy it if you like and sell 1/2 at a double. We think it is headed higher. It is probably more exciting than NAUC.

Tue May 24, 03:50:00 PM EDT  
Blogger beanie11111 said...

LLLI:

I know it is hard for you guys to believe this, but i think it is headed to at least $10. These kinds of mails usually go to alot of homes, and if the story is really good, people will drive it up like crazy. How can anyone resist the next Taser (no, BETTER than Taser!)?

Buy at your own risk. lol

Tue May 24, 03:57:00 PM EDT  
Blogger beanie11111 said...

GEMS:

Finally moving... Talk about the Mother of Slow stocks...lol

Tue May 24, 03:58:00 PM EDT  
Blogger beanie11111 said...

TIVO:

We don't own it anymore. Sold in the mid 6.8's . Will look for reentry.

Tue May 24, 03:59:00 PM EDT  
Blogger beanie11111 said...

NFLX:

Many folks purchase this stock from $10-13. People took profits near $20.

We still like it longer term.

Tue May 24, 04:02:00 PM EDT  
Blogger beanie11111 said...

ggop,

I think LLLI has about 50 million shares outstanding, if i remember correctly.

Tue May 24, 07:19:00 PM EDT  

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