.comment-link {margin-left:.6em;}
My Photo
Name:
Location: USA

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, June 07, 2005

IIJI rocks! lol

49 Comments:

Blogger beanie11111 said...

CHINA:

wheeeeee

Tue Jun 07, 09:44:00 AM EDT  
Blogger beanie11111 said...

IIJI:

Need to break 11 before you guys think about adding more.

Tue Jun 07, 09:45:00 AM EDT  
Blogger MakeMoreMoney! said...

Beannie


LLLI

What do you guys think about that stock?

Tue Jun 07, 09:46:00 AM EDT  
Blogger mr said...

IIP insiders buys 50000 yesterday

Tue Jun 07, 09:50:00 AM EDT  
Blogger beanie11111 said...

PTSC:

Congrats! The stock is very tradable. Buy more on all dips and sell it back to them! lol

I believe PTSC should retest the 52 week high by end of summer, if not sooner.

Tue Jun 07, 09:51:00 AM EDT  
Blogger beanie11111 said...

PTSC:

When you get your double, you sell 1/2 and ride the rest for free. You ride it and let the story play out. Could be months or years.

Tue Jun 07, 09:54:00 AM EDT  
Blogger mr said...

DJ Dir Buys 50,000 Of INTERNAP NETWORK SERVICES CORP >IIP

Tuesday , June 07, 2005 09:01 ET

SOURCE: Form 4
ISSUER: INTERNAP NETWORK SERVICES CORP
SYMBOL: IIP
FILER: COE CHARLES B
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
6/6/05 Purchase 50,000 $0.47 $23,500
OWNERSHIP: 204,166 (Direct)
The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service

Tue Jun 07, 09:58:00 AM EDT  
Blogger mr said...

USU china nuclear play

Tue Jun 07, 10:10:00 AM EDT  
Blogger beanie11111 said...

OOustlerOO,

I personally dont really like online retailing stocks. Not very exciting, but i believe ECST is headed higher.

Tue Jun 07, 10:11:00 AM EDT  
Blogger beanie11111 said...

OBDP:

Ok, we got about 1.5 weeks left before we dump it if it doesnt move. From today on, you have to decide for yourself when you plan to get out. Could be today, could be next week. If you have the money and the time, you can hold on to it for months and wait. Not gonna mention the stock anymore.

Tue Jun 07, 10:14:00 AM EDT  
Blogger beanie11111 said...

INCX:

It really wants to break out. We'll see.

Tue Jun 07, 10:14:00 AM EDT  
Blogger beanie11111 said...

PTSC:

You and i know that it will retest the 52 week high. So don't be fearful to buy on dips or down days.

Tue Jun 07, 10:16:00 AM EDT  
Blogger beanie11111 said...

IIJI:

Gap filled!

Tue Jun 07, 10:21:00 AM EDT  
Blogger beanie11111 said...

IIJI:

Be viligant right here.

Tue Jun 07, 10:24:00 AM EDT  
Blogger mr said...

GIGM after earnings may be 3 or may be 1 big gamble play .

Tue Jun 07, 10:33:00 AM EDT  
Blogger TV107 said...

beanie

whats ur target for iiji before we correct

Tue Jun 07, 10:36:00 AM EDT  
Blogger beanie11111 said...

ECST:

We dont like to own it but the technicals for this stock is very good.

Tue Jun 07, 10:49:00 AM EDT  
Blogger beanie11111 said...

LLLI:

I do not have this stock as of yesterday.

Tue Jun 07, 10:51:00 AM EDT  
Blogger beanie11111 said...

Beanie's picks:

VPHM:
This was a beanie alert from 3-4 weeks ago under $4.

IIJI:
You know it! lol

INCX:
Once it breaks $10, going to retest 12-12.5

BRVO:
Nice eh? Got milk?


ECST:
We entered a swing trade just now. Really wants to fly.


GOOG:
you guys who own it, a correction is due very very very very soon.

Tue Jun 07, 11:00:00 AM EDT  
Blogger beanie11111 said...

IIJI:

I am already out, temporarily

Tue Jun 07, 11:01:00 AM EDT  
Blogger beanie11111 said...

IIJI:

Should have decent support here and at 10. I get the feeling that it will break 11 this afternoon.

Tue Jun 07, 11:16:00 AM EDT  
Blogger beanie11111 said...

IIJI:

I am reentering if it trades above 10.60

Tue Jun 07, 11:17:00 AM EDT  
Blogger beanie11111 said...

TCF:

Nice

Tue Jun 07, 11:17:00 AM EDT  
Blogger mr said...

ECST i am using day low stops beanie.
IIP volume 1.8 MILLION watch for breakout

Tue Jun 07, 11:18:00 AM EDT  
Blogger beanie11111 said...

81nightshade,

You should have sold 30 minutes after the market opened! If a stock is strong, it usually either gaps up huge or it gaps up small and runs the first 30 minutes. After that, most traders usually sell. It is kinda too late to sell now.

Tue Jun 07, 11:23:00 AM EDT  
Blogger beanie11111 said...

Nick,

It was good news, but not really something we dont know already. More or less it is old news. Traders gotta make a living....lol

Traders should be buying now..

Tue Jun 07, 11:39:00 AM EDT  
Blogger beanie11111 said...

ECST:

I expect it to takeoff tomorrow or next day after that, as long as $5 (high $4's) hold.


LLLI:
If it gaps down one more time tomorrow, we will buy it.

Tue Jun 07, 11:42:00 AM EDT  
Blogger beanie11111 said...

WTSLA:

Doing just fine. Longer term hold. Remember to sell 1/2 at a double. Not a fast mover, but i am almost certain it will get to $10 and then to the 20-30's.

Tue Jun 07, 11:48:00 AM EDT  
Blogger beanie11111 said...

TREN:

Moving up again today. Hold for a swing trade.

Tue Jun 07, 11:56:00 AM EDT  
Blogger beanie11111 said...

IIJI:

Looking great. Should break 11 today.

Tue Jun 07, 12:25:00 PM EDT  
Blogger beanie11111 said...

ECST:

Forming an intraday head and shoulders. Be vigilant.

Tue Jun 07, 12:28:00 PM EDT  
Blogger beanie11111 said...

PTSC:

Always remember that when a stock gaps up 3 consecutive days, traders usually sell on the third day.

Tue Jun 07, 12:35:00 PM EDT  
Blogger beanie11111 said...

PTSC:

Do you have the guts to buy it soon? lol

Tue Jun 07, 12:43:00 PM EDT  
Blogger beanie11111 said...

PTSC:

Screaming bottome!!!!!

jmho

Tue Jun 07, 12:45:00 PM EDT  
Blogger beanie11111 said...

PTSC:

Could they be this scared?

Tue Jun 07, 12:54:00 PM EDT  
Blogger beanie11111 said...

PTSC:

looking negative still. Even the bounce didnt help.

Tue Jun 07, 12:55:00 PM EDT  
Blogger beanie11111 said...

PTSC:

It bottomed, and confirmed.

Tue Jun 07, 01:03:00 PM EDT  
Blogger beanie11111 said...

PTSC:

Yeah baby! The sellers at .13 and below won't even know what hit them! lol

Tue Jun 07, 01:12:00 PM EDT  
Blogger beanie11111 said...

VPHM:

flying! It's a $10 stock.

Tue Jun 07, 01:16:00 PM EDT  
Blogger beanie11111 said...

theKookBook,

HISC 50 million shares buyback is nice, but not much more than the 450 million shares that were bought back weeks ago.

Stock is still consolidating

Tue Jun 07, 01:25:00 PM EDT  
Blogger beanie11111 said...

UALAQ:

Moving along nicely. Should continue to go higher. $5 initial target.

Tue Jun 07, 01:42:00 PM EDT  
Blogger beanie11111 said...

I am already out most of my stocks. The market could end up negative today. We'll see...

Tue Jun 07, 02:02:00 PM EDT  
Blogger beanie11111 said...

Mr. Market:

Not a good close at all. The QQQQ broke down. The Nasdaq broke 2070 (which was support for the whole week). Given everything else being equal (lol), mr. market will likely continue down tomorrow morning, at least.

Tue Jun 07, 04:05:00 PM EDT  
Blogger beanie11111 said...

OOustlerOO,

beaniestocks
beanietrader

either one is fine. thnks

Tue Jun 07, 04:12:00 PM EDT  
Blogger beanie11111 said...

Ok folks,

The market looks like it may be ready for a correction tomorrow. After the first 30 minutes after the market opens, if you see the indexes trade at the low, it means we gonna go down the whole day most likely. If that is the case, consider leaving most of your stocks. You can always buy them back later. (And you get them back cheaper too!)

I don't know what's gonna happen to otcbb stocks like PTSC tomorrow. But if PTSC doesn't get some sort of good news tomorrow, the path of least resistance is down. We caught the bottom today (i meant today, not the absolute bottom!) and made a profitable daytrade after the dip. If PTSC has a hard time going higher tomorrow, you might want to sell it temporarily (if you are quick) and buy back later.

Note to new traders: If and whenever a stock looks weak, go ahead and pull the trigger and sell it. (If you still like the stocks, you can always buy them back later). You guys need to be able to read simple charts like the 5-day charts. It will help guide you.

If you are holding a stock for a position trade of several weeks, and you see the stock acting weak go ahead and sell it! You can buy it back at a lower price if you still like the stock. Saves you money. Got it? For example, today do you see what happened to PTSC? Do you see the high volume sell off after the gap up? Holy cow, you should not be watching like a deer hit by headlights! You see everybody sell, you sell! Then you buy back while the last of everybody else dives into the deep end! lol

Tue Jun 07, 11:11:00 PM EDT  
Blogger beanie11111 said...

Argus,

I have been mentioning JSDA since $5. It's a slow mover, but the way things are looking, it could start to accelerate when it hits $10. The next HANS? lol

You guys want to invest? Invest some in JSDA.

Tue Jun 07, 11:13:00 PM EDT  
Blogger beanie11111 said...

81nightshades,

Your post:
"
I am curious from the more experienced people here like Beanie. What are realistic expectations from swing/day trading? You win some and lose some, but who here has done really well for themselves over a year+ period? I assume there are those individuals, but I'm just curious to hear anyone who wants to share about what made them most successful in trading. "

All i can tell you right now, for starters, is all of you guys should learn how to read a chart. Just a simple aspects of it will go a long way. You dont need to be a diehard technical analyst! You don't need to know all the chart indicators. But you do need to read a chart - from 1 day to 5 days, etc. Knowing where supports and resistances points are, even roughly, can make all the difference in the world.

Daytrading in its purest form (being all cash by the end of the day) is very difficult thing to do. So don't just daytrade. You got to swingtrade, positiontrade, and invest. You combine all of them. You got to have a plan with your trading. You got to create a system of your own. Believe me, I do know a little bit of what i am talking about. My return on my portfolio last year was about 400-500% (thanks to the spectacular year end run), not to brag. I have a goal of trying to beat my idol, but not there yet. lol


roger out.......

Tue Jun 07, 11:30:00 PM EDT  
Blogger beanie11111 said...

OOustlerOO,

I will try to email you tomorrow. thanks. :)

Tue Jun 07, 11:31:00 PM EDT  
Blogger mr said...

GIGM let's see 1 or 3 no one knows AVNX may bounce depends on inside sellers are gone. IIP nice inside buy .good luck to all.I close 90% cash daily.

Wed Jun 08, 01:07:00 AM EDT  

Post a Comment

<< Home