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!
posted by beanie11111 | 6:41 PM
37 Comments:
PFSW looks like it's also ready to bust a move. I want you to start taking 1/2 off near $2 or the high 1's and no later. This stock has been on a riproaring tear. A correction is due. It could happen 2-4 weeks later, or it may go alot higher before the correction happens. I sure don't know, but as long as you take at least 1/2 off near $2, you can sleep like a baby.
You do the same with FORG, although this looks like it could take out the $2 easily next week. Decide when you wanna take 1/2 off and then do it. Maybe at $2, maybe at $2.5. Let the stock action dictate when you sell 1/2.
Beanie, with the overall market going down, the sell off is very broad based. 1300 advancers to 4400 decliners. December was the start of the adv/dec. line starting to go down. All world markets are going down as well - German DAX, Japan etc. are all going down. Last time this happened was in early May.
Where do you think the market is headed short term?
beanieeee please help.. i currently holding 2500 shares of NFLD @ 4.03... any suggestion as to hold or sell short term?? they will have a conference call on jan 10. please take a look. thankss
anonymous,
NFLD issued an immediate sell signal on friday. I don't know much about this company as i never recommended it and never did any research on it.
good luck
gosu,
I think the markets are due for some type of correction (maybe in January) before we can move higher. I expect a short term correction and then a rip roaring bull run that will destroy all the shorts this year.
gosu,
i don't care much for world markets. I only watch the US markets. World markets could correct in a big way but i think the US markets should hold and continue to rally this year.
gosu,
If that nasdaq 2400 holds (which i think it will) i would hardly consider that a correction. lol
Beanie,
What do you think of the Casino stocks? Do you think WYNN, LVS, HET, can go any higher?
I'm thinking of selling my WYNN and moving over to MPEL.
anonymous,
I like WYNN alot but if it doesn't take out and close above 98 soon, a short term correction could be at hand.
This weekend I started preparing for the tax season for 2006 and WOW the commissions can take a chunk of profits. I must be overtrading but I will not stop daytrading or short swinging.
I keep telling myself to find a online broker with lower commissions but waited due to the fact that I have only been trading for 1 1/2 yrs and wanted to see if this was for me. I am currently paying $7.99/trade but was wondering if anyone has any feedback with LowTrades or ChoiceTrade or any lower commission broker.
Would be nice to cut my commission down to 40% - 50%.
Sorry Beanie for taking up the space on this blog but just curious if others have some advice.
KP
Beanie,
Let's ROCK N ROLL tomorrow
Thanks,
Pamfla
Happy New Year...make it a green one...LOl
Beanie,
I hope all stocks bust a move tomorrow for 2007...Good luck everyone...
Pam
My god, who are the fools running this penny cap DKAM up the gazoo? DKAM makes JSDA looks cheap as heck! lol
beanie -
do you see any long-term holds for either FORG or PFSW?
the more DD i do on PFSW, the more i am realizing how undervalued this stock is
if holiday sales numbers are reported as good for PFSW's retail website (ecost.com), then this stock could really fly
PFSW creates alot of revenue per share (over $10/share) & its price per sales is a VERY PALTRY $0.14 (i believe industry avg. is close to $1.25)
i see alot of opportunity here
if holiday sales are good & the next ER is good as well, i don't think $8-10 is too far off here
your thoughts, beanie??? or anyone else???
can someone else back up my DD & make sure i'm looking/analyzing this right???
Van_G
Pamfl,
Just read your post and saw you sold xnn. I wish you could of held on to it just a litle longer. I know you like to double down and this is one of those stocks that I would love to double down on!!!!!
Here is my 2007 speculative stock:
XNN,DKAM,KRY,TRMM,AGIX to name a few. My favorite is XNN and TRMM is the least favorite. KRY and agix is very risky due to the permit and phrase III result. Kry will double if they get the permit and you know if they don't. Agix could easily go to the 20s if the results are positive.
MPEL: also like this stock at least till april-may when they open their casino. It should be trading in the 30s by the time of the grand opening.
FFHL: Made some quick money on this and I am waiting to re-enter if it dips in the low 13s.
USG: Still love this stock...But this is for the long term 1-2 years at least.
NYX: This is a "money making machine"...if you didn't get in last week when it dipped in the low 90s, I would wait for another dip.
I hope we can all be prosperous in 2007!
JSPADE
Van_G,
As long as you take 1/2 off the table on a big rise in PFSW, then you'll be fine, no matter what happens to PFSW in the longer term.
Beanie,
I just read your post on DKAM and I guess I was one of the fools. I would wait for a better entry point though. I see this 5-6 by year end if not earlier. Not only is dkam trying to go national, they have Mr Trump in one hand and rumors of a possible buyout in the other which means $$$$$$$$.
Please do your own homework first...wish me luck
JSPADE
OPBL:
This is the only otcbb garbageland stock i would consider buying. OPBL offers an options trading platform for crude and natural oil. The company is growing at a fast clip and is profitable, and as soon as it gets to $5 and stays above it the stock will move to a new exchange.
Intermediate to longer term trade.
3.40
Goodmorning Beanie and Board,
Off to work I go...wish I was like the Beanster, could stay home...Anyway, thanks for the tip JSPADE..Later,
Pamfla
The market is likely gonna go higher today
MED: good to get some at 10
MED: don't be surprise though if it gets to 8, where there is good support
MED:
Of all my years in trading the markets, i have never heard of a case such as MED's ceo posting on yahoo message boards! Is this guy insane? Is he drunk? Isn't he suppose to be out there selling products? lol. Yikes!
UBS upgraded tech stocks this morning
DKAM I am also one of the fools. KP mentioned this one in the $1.40's and it's been very strong since. Sold some of original position but holding some.
anonymous,
no problem if you bought DKAM at 1.40 and sold 1/2 at 3.
I just don't think it's a good idea to buy at $3, especially when mr. Trump doesn't even drink. The hype can only last so long.
Pick up some CAF SORL SOFO and CNTY today. Looking for some nice pops on these. Longer term, CAAS looks good also.
Beanie: You said to back up the truck if TRMM got below 1.80. Should I warm up the engine?
EGHT finally some decent gains
ONSM again!
I see XNN got some good news today on orders. This stock sure rides the waves!! Both up and down.
DVAX looks really good for a bounce off of 6.50 area. Selling way overdone.
wow, another self-serving upgrade by USB? lol
EGHT taking 1/2 off here nice volume Mention this one a weeks ago due to base of $1.20's was falling asleep but finally woke up
KP
I am happy that our OPBL.ob is moving. It's one of the very few otcbb has that huge potential. Could see $10
DIVX: is a good buy
23.89
DVAX is a good buy
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