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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!

Wednesday, June 15, 2005

QOIL is gapping up this morning.

ABLE and GEOI up also

59 Comments:

Blogger beanie11111 said...

QOIL:

If we can break .37, we should get a 100% gainer today.

Wed Jun 15, 09:41:00 AM EDT  
Blogger beanie11111 said...

Oil stocks are up this morning. This will give QOIL a helping hand...lol

Wed Jun 15, 09:43:00 AM EDT  
Blogger mr said...

BCON running guys yesterday alert

Wed Jun 15, 09:47:00 AM EDT  
Blogger mr said...

BCON 1.22 may be +++ stops 1.11

Wed Jun 15, 09:53:00 AM EDT  
Blogger beanie11111 said...

igaryok,

Sorry, we still have a total of 4 Beanie Recommendations that we need to deal with first:

BRVO
ALTI
PTSC

QOIL.

Will likely not announce another one until we done with QOIL.

Wed Jun 15, 10:01:00 AM EDT  
Blogger beanie11111 said...

Oil stocks are flying!

Wed Jun 15, 10:04:00 AM EDT  
Blogger beanie11111 said...

GEMS:

Our baby is getting along nicely

Wed Jun 15, 10:07:00 AM EDT  
Blogger beanie11111 said...

81nightshade,

It is already too late to sell, imo. BRVO is on an uptrend and still slowly breaking one resistance after another.

Wed Jun 15, 10:15:00 AM EDT  
Blogger beanie11111 said...

81nightshades,

If you follow the Rules of Entry, it also tells you when to sell as well as when to buy. The sell for BRVO was this morning's rally/gapup. Now, it is trading near the lod; not a good sell point, unless it breaks down lod.

Wed Jun 15, 10:20:00 AM EDT  
Blogger mr said...

GEMS real nice beanie

Wed Jun 15, 10:21:00 AM EDT  
Blogger beanie11111 said...

qtpie,

I thought you already have QOIL.

Wed Jun 15, 10:25:00 AM EDT  
Blogger beanie11111 said...

AOOR has been moving up for the last 11 trading days or so, since .30 . Will QOIL do the same? lol

Wed Jun 15, 10:26:00 AM EDT  
Blogger beanie11111 said...

REMEMBER that if you want entry for any stock, just follow Beanie's Rule of Entry.

Wed Jun 15, 10:27:00 AM EDT  
Blogger beanie11111 said...

QOIL:

This is the 4th day of the rally. 8 more days to go and we should catch up to AOOR. Don't believe it? lol

Wed Jun 15, 10:31:00 AM EDT  
Blogger beanie11111 said...

ICDT:

Nice trade whoever bought it yesterday. I didnt because i just don't know much about the company.

Wed Jun 15, 10:33:00 AM EDT  
Blogger beanie11111 said...

QOIL:

Just to let you know, i haven't sold a single share.

Wed Jun 15, 10:37:00 AM EDT  
Blogger beanie11111 said...

FUEL:

About to break hod. Daytrader, what do you do? lol

Wed Jun 15, 10:38:00 AM EDT  
Blogger mr said...

HMNS.PK .042 cents
Investor Seeks to Acquire up to 33% of Public Float; Private Investor Begins 60 Day Due Diligence Effort

Wed Jun 15, 10:38:00 AM EDT  
Blogger beanie11111 said...

go QOIL go!!!!!! wheeeeeeeeeeee

Wed Jun 15, 10:40:00 AM EDT  
Blogger beanie11111 said...

QOIL:

Will it see .45 today? Stay tuned.....lol

Wed Jun 15, 10:43:00 AM EDT  
Blogger beanie11111 said...

QOIL:

You are so dead, naked shorties!!!

Wed Jun 15, 10:44:00 AM EDT  
Blogger beanie11111 said...

Holy cow! Oil stocks are exploding! yeehaaaw

Wed Jun 15, 10:49:00 AM EDT  
Blogger beanie11111 said...

qtpie,

It is ok to enter at .33, although a little bit riskier than break of hod. Waiting for a near break of .35 (this time around) is better.

Wed Jun 15, 11:00:00 AM EDT  
Blogger beanie11111 said...

QOIL:

You guys have no idea how much rocketfuel QOIL really has! lol


Sellers will regret big, imo.

Wed Jun 15, 11:31:00 AM EDT  
Blogger beanie11111 said...

VPHM:

If you were daytrading this one, here's the skinny:

It gapped up this morning, so the appropriate move was to short the stock. But if you wanted to go long you would wait out the first 30 minutes. 30 minutes after the open, the stock dipped to 6.50, which was an entry point. Had you bought it, the most you got was a 20 cent move. If you didnt take the profit, then you should be out with a break of lod for breakeven. (

Sometimes a stock gaps up at the open and proceeds to go straight down the whole day. So there won't be much, if any, profits on the long side. That is what daytrading is all about. You can't make money in every single trade. But the Rules of Entry is very powerful and will consistently help you make money.

Wed Jun 15, 11:48:00 AM EDT  
Blogger beanie11111 said...

QOIL:

Yes, it is ok to buy more if it breaks above .35 (which is strong resistance for the day). Strong resistance, once broken conclusively, becomes strong support.

Wed Jun 15, 11:50:00 AM EDT  
Blogger beanie11111 said...

Will QOIL trade just like AOOR in the next 7 trading days? Stay tuned...

Wed Jun 15, 11:51:00 AM EDT  
Blogger beanie11111 said...

Need help from pennylovers:

If you are bringing a pennystock into this room for the rest of us, can you please do us a favor by giving out the shares outstanding as well as the trading float, and why you think it is headed higher, and a target price?

thanks

Wed Jun 15, 11:55:00 AM EDT  
Blogger mr said...

sorry guys HMNS news looks BS out with loss Beanie's GEMS has big buyers may break 4 today IMO

Wed Jun 15, 11:59:00 AM EDT  
Blogger beanie11111 said...

At least that way we know you did some research, rather than diving in anything that moves! lol


Pennystocks are very risky, so i don't want you guys to drag all of us down the drain without the minimum due diligence.

Wed Jun 15, 12:01:00 PM EDT  
Blogger beanie11111 said...

QOIL:

What are the sellers saying now? lol

Wed Jun 15, 12:04:00 PM EDT  
Blogger beanie11111 said...

FUEL:

I still like this stock alot, along with GEMS. They both have more room to run, imo.

Wed Jun 15, 12:05:00 PM EDT  
Blogger beanie11111 said...

QOIL:

Are we close to a double yet? lol

FUEL rockin too!

Wed Jun 15, 12:15:00 PM EDT  
Blogger beanie11111 said...

QOIL:

We could see .50 today.

Wed Jun 15, 12:15:00 PM EDT  
Blogger mr said...

beanie check it out
COMMON STOCK - Par Value $ 0
Authorized:
Unlimited

Source: 6-K
Date: 11/26/2002 Outstanding:
4,059,009

Source: MGFS
Date: 03/31/2005 Short Interest:
1,574

Source: AMEX
Date: 05/2005

Industry: Materials/Construction
SIC Number: 1629
Web Focus? No
# Locations: 7
# Employees: 79
Development Stage: No
Company's primary stock traded on: AMEX


BUSINESS BRIEF: CURRRENT BUSINESS INFORMATION: EnerNorth Industries Inc. is an integrated energy source and service company operating as an Engineering & Offshore Division and an Oil & Gas Division. Through its wholly-owned subsidiary M&M Engineering Limited, a company incorporated in the province of Newfoundland and Labrador, Canada and its wholly owned subsidiary M&M Offshore Limited, a company incorporated in the province of Newfoundland and Labrador, Canada, the Company engages in manufacture, fabrication, installation and maintenance of metal products for heavy industries, including the offshore oil and gas industries, petrochemical, power generation, pulp and paper, and mining. Through its directly-held interests in oil and gas properties, the Company actively participates in the exploration, development and production of oil and gas reserves.

Wed Jun 15, 12:17:00 PM EDT  
Blogger beanie11111 said...

81nightshades,

Can't really guide you on pennystocks that don't get filled immediately. Think about the story and the charts.

Wed Jun 15, 12:17:00 PM EDT  
Blogger beanie11111 said...

QOIL:

Is now officially a double from yesterdays call at the break of .20, although i gave it to ya at .193 . LOL


wheeeeeeeeeeeeeeeeeeeee


btw, i bought a huge chunk of QOIL yesterday, only because i can afford to lose it. You guys should not load up the boat on pennystocks! lol

Wed Jun 15, 12:18:00 PM EDT  
Blogger beanie11111 said...

Remember what beanie always say," Sell 1/2 at double and ride the rest." lol


Congratulations to all who played for at least a double!


Rock on!

Wed Jun 15, 12:31:00 PM EDT  
Blogger beanie11111 said...

uplink,

I just told you the answer! lol


Sell 1/2 when you get a double.

Wed Jun 15, 12:36:00 PM EDT  
Blogger beanie11111 said...

QOIL:

up 145% in one day since the call!!!! wheeee

Wed Jun 15, 12:36:00 PM EDT  
Blogger beanie11111 said...

QOIL:

.50 is the next strong resistance. Take that out conclusively, QOIL should head to $1

Wed Jun 15, 12:37:00 PM EDT  
Blogger beanie11111 said...

QOIL:

If you don't sell 1/2 at a double or more, you are now on your own. You sleep much better when you are riding free shares. I promise you that. lol

Even though i am confident QOIL will go higher, what if management decides to screw us? What do you think about that?

Wed Jun 15, 12:40:00 PM EDT  
Blogger beanie11111 said...

innerstruggle,

We are playing with the riskiest of risky stocks - pennystocks!

We have to have some type of money management. Selling 1/2 at a double or more is a must!

Wed Jun 15, 12:44:00 PM EDT  
Blogger beanie11111 said...

No regrets people! Sell the 1/2 and be on your merry way. You have done something smart and good for your entire trading career (if you choose to make it one).

Ride the rest and see what fruits it will bring us in the weeks to come.

Wed Jun 15, 12:45:00 PM EDT  
Blogger beanie11111 said...

sydu,

Yes, 3.36 is resistance, but a more immediate one is around 3.2's

Wed Jun 15, 12:47:00 PM EDT  
Blogger beanie11111 said...

innerstruggle,

leave the computer at once! i can see the regretful groan on your face! lol

Wed Jun 15, 12:52:00 PM EDT  
Blogger beanie11111 said...

QOIL has now won the distinction as the 'Son of All Short Term Rocket Rides'! lol

Wed Jun 15, 12:55:00 PM EDT  
Blogger beanie11111 said...

innerstruggle,

Evidently the demand is seriously outstripping supply! lol

If the stock closes above .50, there is no more resistance until $1

Wed Jun 15, 12:56:00 PM EDT  
Blogger beanie11111 said...

Ok, i'm calling it a day.


Congratulations everybody who own QOIL! I already sold my 1/2 and very happy for that. Riding the rest and see what management has to say on June 20th.


roger out.........

Wed Jun 15, 01:00:00 PM EDT  
Blogger beanie11111 said...

QOIL:

Up 175% since yesterday's call. Everyone should already have a double. I don't want to hear anyone complaining, "what happened?" lol


good luck.

Wed Jun 15, 01:03:00 PM EDT  
Blogger Moon2mkt said...

All, check out PXCN - low float, good management and Oil industry. however, there are no eyes watching this. Once discovered this could be a stock to own.

Wed Jun 15, 01:21:00 PM EDT  
Blogger curt504 said...

FYI: SEC's rule T re cach accounts.

BTW, I just got a nasty gram from Fidelity, my broker re my IRA (affects cash accounts only).

Rule T from the SEC is recently being enforced and now the brokers are clamping down on us traders. I don't like or agree with the trigger mechanism, but it's the rules so we have to know how to avoid trouble.

The basics of rule T for cash accounts is: if you buy and then sell within the 3 day settlement date range, you don't really have access to the sale proceeds untill another 3+1 (4 days).

I got in trouble with a buy of LLLI at the open, it tanked due to stocklemon and then sold by 10:30. Then bought something else same day. I should have waited 4 days before buying that 2nd stock. Grrrrrrr!

Good luck, curt

Wed Jun 15, 04:32:00 PM EDT  
Blogger mr said...

ENY good luck and congrat to all longs alerted 1.20 closed 1.44 stops breakeven 1.20 now

Wed Jun 15, 05:06:00 PM EDT  
Blogger beanie11111 said...

Whoa! lol... Didn't i talked about that if you want to bring in a pennycap that you should give us :

1) # outstanding shares?
2) # in the float?
3) What is it that is exciting about the company? Is it profitable or is the market cap of the stock very compelling? What are they doing that would make us wanna buy?
4) Why do you think it is headed higher? Technicals? Significant volume increase?

Also, if you have a history of picking bad pennystocks, don't you think the next one you gonna bring in will likely take us all down the drain? lol

Please do a little bit more due diligence. Bringing in a pennystock in this room and asking, "Hey , take a look at WXYZ.ob. Do you think it is a buy, since the stock has been dying?", usually means you have not done much, if any, research. lol

Wed Jun 15, 06:05:00 PM EDT  
Blogger beanie11111 said...

QOIL:

Everyone should be profitable. Most should have taken 1/2 off already. If you didn't, i guarantee you won't sleep well tonite, especially seeing the last 30 minutes dip.

Rock on!

Wed Jun 15, 06:07:00 PM EDT  
Blogger beanie11111 said...

PTSC/BRVO/ALTI:

They got this week and next week to perform (although BRVO has done nicely from .26) or we gonna shed them.

Beanie Pennycap Recommendation#11 - QOIL - has surpassed my expectations (and it has only been one day). QOIL went as high as 175% from the call yesterday at the break of .20 ..... Hopefully, management will say something good on June 20th. Meanwhile, we need to break very very strong resistance at .50 .

I will not announce Beanie Pennycap Rec#12 until at least 2-3 weeks later.

Great job, everybody!!! Congrats!

Wed Jun 15, 06:32:00 PM EDT  
Blogger beanie11111 said...

PTSC:

The news is definately not negative. A step further in letting us know there are likely positive news on the horizon.

.19 is strong multiyear resistance. Break above that we definately retest .29 (and likely break above it, imo).

Wed Jun 15, 07:07:00 PM EDT  
Blogger Snake in Fall said...

Just a little bit gealous. So many visitors!

Wed Jun 15, 07:14:00 PM EDT  
Blogger beanie11111 said...

coolguy,

why do you still have this stock when everyone else is already out?

Did the float increased to 41 million shares, when it was only 4 million when we first bought the stock? You might want to check it out.

We left because Stocklemon was hammering NAUC.

There was another possible trade from .05 to .09 last week for close to a double, but i missed it. It is now back at support at .04-.05.

I have no trade & No ownership currently.

Should you wait for another rally? Not sure. Depends on what your goal was when you got into the trade.

Wed Jun 15, 07:43:00 PM EDT  

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