My Stock Value Strategy Starts Now (3 Viewers)

[The Ref]

Gold over $1030.

And Silver up over .75!The Aussies raised rates. My guess is few, but not all, G20's will do the same. Watch out below USD.

 

[RC94]

anybody still in SPNGE?looks like it was halted.

Yes, I took a $500 position at 0.13, doubled at 0.09 and another at 0.08. If I wasn't out of money I would have still been buying.For a penny stock, I was intrigued because I could actually go to Wal-mart and buy their product. And they were advertising all over the place making me think they were truely trying to make it work. I glossed over their shortcomings (failure to file) believing their press releases.I try not to visit Yahoo and Google message boards because they are filled with blowhards on both sides, but I went there this morning to find out what happened. It is all over the place, from arresting the owners to everything is rosy. My only hope is that the 10K is OK and they actually were in a bind because of the change in accountants. I give that about a 25% chance and their crooked backstabbing criminals a 75% chance.

From their websiteosted: Fri, October 2, 2009SpongeTech® Receives Delisting Notification from FINRA and Requests Appeal HearingOct. 2, 2009 (Business Wire) -- SpongeTech® Delivery Systems, Inc. (the “Company”) “The Smarter Sponge™”, (OTCBB: SPNGE), today announced that on September 25, 2009, the Company received a letter from the Financial Industry Regulatory Authority (FINRA) stating that, pursuant to NASD Rule 6530, the Company is required to file with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended May 31, 2009 (the “Annual Report”) by no later than October 16, 2009. If the Company does not comply with this requirement, the Company’s shares of common stock would not be eligible for continued quotation on the OTC Bulletin Board. The Company is requesting an appeal hearing with FINRA regarding the determination of the Company’s security listing eligibility.The Company previously announced that the delay of its filing Form 10-K for FY ’09 was due to the Company’s former auditor’s difficulties with the PCAOB (Public Company Accounting Oversight Board). As a result, the Company’s financial statement for the 2008 fiscal year is being re-audited and the financial statement for the 2009 fiscal year is being audited by the Company’s new auditing firm, Robison, Hill & Co. The Company and its auditors are using their best efforts to complete the audit and file the Annual Report by no later than October 16, 2009.After the submission of the 10-K/A for fiscal 2008 and the 10-K for fiscal 2009 year, Deliotte & Touche LLP will assume responsibility for the audit of the Company’s financials beginning with the fiscal 2010 year that began June 1, 2009.

 

[TheWalkmen]

Does anyone know of any high quality real-time charts for free?

 

[St. Louis Bob]

Gold over $1030.

 

[Mark Davis]

Gold over $1030.

This one might be a runaway train.

 

[KGB]

Also, KGB helped get me into ACLS at .49 about a month or two ago. has been experiencing resistance at each dime increment (.60, .70,.80) but after it breaks through, it doesn't look back. we broke .90 this morning. it will go back into the .80's again, but in all likelihood, in a week, it won't be below .90. Just wanted to give thanks to KGB(who i haven't seen here in a while) and alert people about this gem. I'd give a target price, but really not sure of one. i would think 1.50 would be attainable, but so might 4 dollars. Has been a safe and easy ride thus far. never diving more than a nickel in a day and always rebounding. I like that in a stock.

Stock never did go back into .80's again. Premarket today was sitting at 1.00. Holding at .98 now. In less than a week.

Gaining more steam here in the last 2 days. Closed at 1.19 today. Hit 1.29 in intraday trading before profit taking took place. I hope some of you are getting in. I talked two of my old high school buddies into buying and now they are calling me Bud Fox. Again props to KGB, he's the one who deserves it.

Good deal! I'm glad someone had a bit of patience Did you get into BEE too?

I got in BEE and ACLS at the same time, grew impatient after a few days and dumped everything fro SRSR. What a mistake!!! I cant get rid of it. i put all my play money in there and im down 42%. Granted it was said here that it was a boom or bust type of stock, and im a boom or bust guy. But it sucks to be out of the game while waiting.

ACLS .49 to 1.25 or so

BEE I/We got in at $1.00 even and i sold at $1.16 or so for what i thought was a nice profit. Then it shot up to $3.00!!!!! about a week ago. Man i need to stick to my guns.

Good luck

ETA: EVRM is the next one I'd be buying/researching right now. I'd buy on a dip under .04.

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

 

[St. Louis Bob]

Gold over $1030.

This one might be a runaway train.

Although I have a nice chunk in gold, both physical & paper, I'm a bit torn since it will probably result in a lower dollar.I also own about 1100 ounces of silver.

 

[The Ref]

Gold over $1030.

This one might be a runaway train.

Although I have a nice chunk in gold, both physical & paper, I'm a bit torn since it will probably result in a lower dollar.I also own about 1100 ounces of silver.

I try and buy a little bit of silver every week. few eagles here, $10 in junk there, 5 Morgans when I'm feeling nutty.

But I have no where near 1100 ounces...

 

[Das Boot]

HEB appears to be approaching the buy range for an easy quarter per share profit

Agreed.While I have zero respect for the company, it's a stock you can make money on.Picked up some HEB at 1.67 today... hoping for a run to $2+ on the inevitable hype cycle that will see Ampligen again touted as a potential adjuvant for the H1N1 vaccine.

 

[Somebody]

I have been looking at HEPH, but I am not sure what to make of this article about them:

http://www.holliseden.com/press/09_16_2009.html

Hollis-Eden Pharmaceuticals Receives NASDAQ Notification Related to Minimum Bid Price

SAN DIEGO, Sept. 16 /PRNewswire-FirstCall/ -- Hollis-Eden Pharmaceuticals, Inc. (Nasdaq: HEPH), a leader in the development of a new class of small molecule compounds based on endogenous adrenal steroid hormones, today announced that it received a letter from The NASDAQ Stock Market on September 15, 2009.

The letter states that Hollis-Eden is not in compliance with Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule") because its common stock had closed below $1.00 per share for 30 consecutive business days. The letter also states that in accordance with Nasdaq Marketplace Rules, Hollis-Eden has 180 days, or until March 15, 2010, to regain compliance with the Minimum Bid Price Rule. This letter has no immediate effect on the NASDAQ listing or trading of Hollis-Eden's common stock.

Hollis-Eden will regain compliance with the Minimum Bid Price Rule if the bid price of its common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before March 15, 2010. However, if Hollis-Eden does not regain compliance with the Minimum Bid Price Rule by March 15, 2010, the Nasdaq staff will provide Hollis-Eden with a written notification that its common stock is subject to delisting.

Hollis-Eden will monitor the bid price for its common stock and consider available options.

 

[bigfishboy]

HEB appears to be approaching the buy range for an easy quarter per share profit

Agreed.While I have zero respect for the company, it's a stock you can make money on.Picked up some HEB at 1.67 today... hoping for a run to $2+ on the inevitable hype cycle that will see Ampligen again touted as a potential adjuvant for the H1N1 vaccine.

This is exactly what I was telling myself about SPNG a month or so ago. Be careful. HEB isn't exactly a penny stock like SPNG, but they manipulate it like it is. I certainly wouldn't be surprised to hear that Carter is a crook and is going to jail.

 

[kaa]

We're starting to approach another critical moment in the markets. I'm fairly certain the result will be a new leg up in everything, with commodities leading the way. Might be a drop instead, but, I doubt that.

 

[Ford Prefect]

I have been looking at HEPH, but I am not sure what to make of this article about them:

http://www.holliseden.com/press/09_16_2009.html

Hollis-Eden Pharmaceuticals Receives NASDAQ Notification Related to Minimum Bid Price

SAN DIEGO, Sept. 16 /PRNewswire-FirstCall/ -- Hollis-Eden Pharmaceuticals, Inc. (Nasdaq: HEPH), a leader in the development of a new class of small molecule compounds based on endogenous adrenal steroid hormones, today announced that it received a letter from The NASDAQ Stock Market on September 15, 2009.

The letter states that Hollis-Eden is not in compliance with Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule") because its common stock had closed below $1.00 per share for 30 consecutive business days. The letter also states that in accordance with Nasdaq Marketplace Rules, Hollis-Eden has 180 days, or until March 15, 2010, to regain compliance with the Minimum Bid Price Rule. This letter has no immediate effect on the NASDAQ listing or trading of Hollis-Eden's common stock.

Hollis-Eden will regain compliance with the Minimum Bid Price Rule if the bid price of its common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before March 15, 2010. However, if Hollis-Eden does not regain compliance with the Minimum Bid Price Rule by March 15, 2010, the Nasdaq staff will provide Hollis-Eden with a written notification that its common stock is subject to delisting.

Hollis-Eden will monitor the bid price for its common stock and consider available options.

Etrade analysts seem to like this stock, but I don't know enough about this to know what this article really means for them. I too am curious what more experienced investors think this type of letter from the NASDAQ means and if it's a company to invest in or stay away from.

 

[Mark Davis]

Gold over $1030.

This one might be a runaway train.

Although I have a nice chunk in gold, both physical & paper, I'm a bit torn since it will probably result in a lower dollar.I also own about 1100 ounces of silver.

I'm with you here. Ideally my plays in gold aren't big gainers due to the damage the dollar will sustain. It's more a hedge and one I should make better use of with the way I feel about the future of the dollar.

 

[Das Boot]

HEB appears to be approaching the buy range for an easy quarter per share profit

Agreed.While I have zero respect for the company, it's a stock you can make money on.Picked up some HEB at 1.67 today... hoping for a run to $2+ on the inevitable hype cycle that will see Ampligen again touted as a potential adjuvant for the H1N1 vaccine.

This is exactly what I was telling myself about SPNG a month or so ago. Be careful. HEB isn't exactly a penny stock like SPNG, but they manipulate it like it is. I certainly wouldn't be surprised to hear that Carter is a crook and is going to jail.

Thanks, HEB is a scam as well, but it's such a long running one that I'd guess it will be going on for a long time to come. I wish I had started playing it earlier this year, but there's still a good chance it still has some pumps left in it this before it sinks back to .50 again.

 

[Random]

Gold over $1050.

 

[The Ref]

Gold over $1050.

Anyone know a good printing press stock?

 

[optionmaven]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

 

[optionmaven]

I have been looking at HEPH, but I am not sure what to make of this article about them:

http://www.holliseden.com/press/09_16_2009.html

Hollis-Eden Pharmaceuticals Receives NASDAQ Notification Related to Minimum Bid Price

SAN DIEGO, Sept. 16 /PRNewswire-FirstCall/ -- Hollis-Eden Pharmaceuticals, Inc. (Nasdaq: HEPH), a leader in the development of a new class of small molecule compounds based on endogenous adrenal steroid hormones, today announced that it received a letter from The NASDAQ Stock Market on September 15, 2009.

The letter states that Hollis-Eden is not in compliance with Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule") because its common stock had closed below $1.00 per share for 30 consecutive business days. The letter also states that in accordance with Nasdaq Marketplace Rules, Hollis-Eden has 180 days, or until March 15, 2010, to regain compliance with the Minimum Bid Price Rule. This letter has no immediate effect on the NASDAQ listing or trading of Hollis-Eden's common stock.

Hollis-Eden will regain compliance with the Minimum Bid Price Rule if the bid price of its common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before March 15, 2010. However, if Hollis-Eden does not regain compliance with the Minimum Bid Price Rule by March 15, 2010, the Nasdaq staff will provide Hollis-Eden with a written notification that its common stock is subject to delisting.

Hollis-Eden will monitor the bid price for its common stock and consider available options.

Etrade analysts seem to like this stock, but I don't know enough about this to know what this article really means for them. I too am curious what more experienced investors think this type of letter from the NASDAQ means and if it's a company to invest in or stay away from.

I know that Axcelis (ACLS) also got this same letter last month. They have since then got above the number and won't be delisted. I'm no expert by any means, but i would think that it means if they don't get back above 1.00 they get delisted on nasdaq and put on penny stock status.

 

[TheWalkmen]

So I'm practicing my day trading of DDM & DXD with my simulated account and I'm working on seeing chart patters develop.

The dow is at 9778 at 10:07 central and it looks like it's going to drop to about 9760 - 9765 then go up to about 9795 - 9800 then down to about 9770 then up again to about 9810ish. That's all I'm guessing for now.

 

[siffoin]

Re: Gold

I'm looking to take a position in GOLD (ticker GOLD) on some kind of pullback. Not 100% sure where that is going to be. I may wind up scaling into the position...from low 70's.

For those of you who like to play with penny stocks. Look into Sante Fe Mining (ticker SFEG). Currently trading around $1.25

For disclosure...I've owned this stock for a number of years and my total cost basis is less than $0.00. However this is a company with real assets, and is in the very early stages of actual mining production.

This week they received important permitting for the Ortiz mine which has an estimated 2 million oz of gold (as well as silver). Commercial production should begin in 2010.

Do your DD on this one...as for me I'm riding a lottery ticket. My hopes/guess- I could see this one going to $2.50 (in actual production) up to $8 on crazy hype. Here is a link to a recent press release....

http://santafegoldcorp.com/_pdfs/05_news/p...09/20091005.pdf

 

[siffoin]

So I'm practicing my day trading of DDM & DXD with my simulated account and I'm working on seeing chart patters develop.The dow is at 9778 at 10:07 central and it looks like it's going to drop to about 9760 - 9765 then go up to about 9795 - 9800 then down to about 9770 then up again to about 9810ish. That's all I'm guessing for now.

If you have the ability to peg the DOW that tightly...you should be trading the YM futures. If your scenario played out...trading 5 contracts (account size needed = $15k)...you'd make:1) 9778-9760 (18pts x $5 x 5 contracts) = $4502) 9760-9795 (35pts x $5 x 5 contracts) = $8753) 9795-9770 (25pts x $5 x 5 contracts) = $6254) 9770-9810 (40pts x $5 x 5 contracts) =$1000In my biz...that is what we call a good day.ETFs are for #######.

 

[KGB]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

 

[Mark Davis]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

I bailed at .0639. Really took it on the chin when the other buy I considered that day was RF that has ran from $3.60 that day to over $6 now.

 

[KGB]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

I bailed at .0639. Really took it on the chin when the other buy I considered that day was RF that has ran from $3.60 that day to over $6 now.

Yea. Who recomended that srsr? Let's string him up. J/k

 

[The Ref]

Re: Gold

I'm looking to take a position in GOLD (ticker GOLD) on some kind of pullback. Not 100% sure where that is going to be. I may wind up scaling into the position...from low 70's.

For those of you who like to play with penny stocks. Look into Sante Fe Mining (ticker SFEG). Currently trading around $1.25

For disclosure...I've owned this stock for a number of years and my total cost basis is less than $0.00. However this is a company with real assets, and is in the very early stages of actual mining production.

This week they received important permitting for the Ortiz mine which has an estimated 2 million oz of gold (as well as silver). Commercial production should begin in 2010.

Do your DD on this one...as for me I'm riding a lottery ticket. My hopes/guess- I could see this one going to $2.50 (in actual production) up to $8 on crazy hype. Here is a link to a recent press release....

http://santafegoldcorp.com/_pdfs/05_news/p...09/20091005.pdf

Reminds me a little bit of PAL that I bought last week. Almost broke though your resistance number today in fact on the news they just reopened one of the mines they own and the rumor is they will reopen the other big mine they own shortly.

 

[itriple]

We're starting to approach another critical moment in the markets. I'm fairly certain the result will be a new leg up in everything, with commodities leading the way. Might be a drop instead, but, I doubt that.

I couldnt agree more. The market is gonna go up or down in the near future. Just a feeling I have.

 

[eoMMan]

HEB is up BIG today.....

 

[KGB]

HEB is up BIG today.....

Yep. Nice call by whoever said to start buying again in the high1.60s to 1.70s. And that was just a few days ago

 

[bigfishboy]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

I bailed at .0639. Really took it on the chin when the other buy I considered that day was RF that has ran from $3.60 that day to over $6 now.

I averaged down a couple times a few weeks ago. My average sits at 0.80.This one is doing poorly, but if I didn't buy it I would probably have put it into SPNG. So I guess I am really ahead.Of the 20 or so stocks on my watch list, only two of them are below where they were a month and a half ago when I had money. They happen to be the two I am in. It has been painful to watch the recovery continue and have my money in poor choices.

 

[Mose]

HEB is up BIG today.....

Yep. Nice call by whoever said to start buying again in the high1.60s to 1.70s. And that was just a few days ago

I rebought yesterday at $1.69. I am still holding though. I was wanting to sell at $1.95, but got busy at work and the market closed. Then I read some cryptic PR from the CEO. The message boards are blowing up about HEB right now in after hours. I am torn on if it is good or bad.Thanks to whomever reminded me of this stock yesterday! I agree, in that I hate the company, but it is an awesome swing trade play.

 

[playin4beer]

HEB is up BIG today.....

Yep. Nice call by whoever said to start buying again in the high1.60s to 1.70s. And that was just a few days ago

I rebought yesterday at $1.69. I am still holding though. I was wanting to sell at $1.95, but got busy at work and the market closed. Then I read some cryptic PR from the CEO. The message boards are blowing up about HEB right now in after hours. I am torn on if it is good or bad.Thanks to whomever reminded me of this stock yesterday! I agree, in that I hate the company, but it is an awesome swing trade play.

I'm still holding 500 shares...sold the rest i had awhile ago at $2.25....Thanks to FBG's I had been watching CENX for a bit... it's been around $10 to $11 for quite some time... earlier this week it dipped down into the $8's...I bought 300 shares at $8.86 and sold them today at $11.04. Thanks guys

 

[Gadfly]

HEB is up BIG today.....

Yep. Nice call by whoever said to start buying again in the high1.60s to 1.70s. And that was just a few days ago

I rebought yesterday at $1.69. I am still holding though. I was wanting to sell at $1.95, but got busy at work and the market closed. Then I read some cryptic PR from the CEO. The message boards are blowing up about HEB right now in after hours. I am torn on if it is good or bad.Thanks to whomever reminded me of this stock yesterday! I agree, in that I hate the company, but it is an awesome swing trade play.

I'm still holding 500 shares...sold the rest i had awhile ago at $2.25....Thanks to FBG's I had been watching CENX for a bit... it's been around $10 to $11 for quite some time... earlier this week it dipped down into the $8's...I bought 300 shares at $8.86 and sold them today at $11.04. Thanks guys

Nice job selling CENX at its exact peak for the day. I also did a week play on CENX and one-day play on HEB for nice profits just from watching the trends on them. Though it's looking like I should have held HEB longer.

 

[TheWalkmen]

So I'm practicing my day trading of DDM & DXD with my simulated account and I'm working on seeing chart patters develop.The dow is at 9778 at 10:07 central and it looks like it's going to drop to about 9760 - 9765 then go up to about 9795 - 9800 then down to about 9770 then up again to about 9810ish. That's all I'm guessing for now.

Well, I didn't get that right but I did manage to get into a trade shorly after this when the Dow was at 9823 at 10:35 central. I bought DXD (dow bear etf) and sold at 10:55 for a small gain. On the day I won 5 of 7 trades for a $98 profit. My best trade on the day was from 1:26 - 1:40 central when DDM (dow bull etf) went from $38.50 to $38.62. I'm trading on a simulated portfolio now, but will be trading $35,000 live when I'm comfortable enough. I will only trade DDM & DXD so I don't lose big, and hopefully I can make 1 - 1.5% a week. Over a year, that should double my money. I won 6 out of 8 trades on 10/6 for a $285 profit, won 9 of 13 on 10/7 but managed to lose $15.70 on the day.In the 3 days of the simulation I've learned a lot: I cut my winners pretty short, I see a profit and take it. My average profit per winning trade is ~$50, but 14 of 20 winners have been below $50. I've run into problems cutting off losing positions when I get into one. My losing position are open much longer than my winning positions, and when my gut tells me to sell I've been holding on and digging a deeper hole. It's so much easier to say you're going to cut your losers off right away vs actually doing so. I've also learned not to go against my gut, even if the technicals I'm looking at point to something different. The technicals I've been looking at are MACD, EMA, Divergence, RSI, CCI and sometimes I bring up Bollinger Bands. So I'm looking at a lot of crap that doesn't really predict where the dow is going. I've bought a book called "Trading for a Living: Psychology, Trading Tactics, Money Management". Hopefully that will help. If anyone has advice on the best leading technical indicators, please advise.Here is the beginning of what will become my strategy, some of which I've already alluded to:(1) trade only DDM & DXD(2) limit myself to 5 trades per day to start, I made 13 yesterday and felt like I was "chasing" some losers all day trying to make up for it.(3) look at the ^FTSE right away in the morning, it may give an indication of where the dow is headed(4) look for pattern development, support & resistance levels on a daily real-time chart(5) pray(6) don't let a loser go down more than .05/share no matter what

 

[The Sniper]

We're starting to approach another critical moment in the markets. I'm fairly certain the result will be a new leg up in everything, with commodities leading the way. Might be a drop instead, but, I doubt that.

I couldnt agree more. The market is gonna go up or down in the near future. Just a feeling I have.

October is one of the most dangerous months to speculate in the stock market. The others are November, December, January, February, March, April, May, June, July, August and September. (Mark Twain)

 

[siffoin]

So I'm practicing my day trading of DDM & DXD with my simulated account and I'm working on seeing chart patters develop.

The dow is at 9778 at 10:07 central and it looks like it's going to drop to about 9760 - 9765 then go up to about 9795 - 9800 then down to about 9770 then up again to about 9810ish. That's all I'm guessing for now.

Well, I didn't get that right but I did manage to get into a trade shorly after this when the Dow was at 9823 at 10:35 central. I bought DXD (dow bear etf) and sold at 10:55 for a small gain. On the day I won 5 of 7 trades for a $98 profit. My best trade on the day was from 1:26 - 1:40 central when DDM (dow bull etf) went from $38.50 to $38.62. I'm trading on a simulated portfolio now, but will be trading $35,000 live when I'm comfortable enough. I will only trade DDM & DXD so I don't lose big, and hopefully I can make 1 - 1.5% a week. Over a year, that should double my money. I won 6 out of 8 trades on 10/6 for a $285 profit, won 9 of 13 on 10/7 but managed to lose $15.70 on the day.

In the 3 days of the simulation I've learned a lot: I cut my winners pretty short, I see a profit and take it. My average profit per winning trade is ~$50, but 14 of 20 winners have been below $50. I've run into problems cutting off losing positions when I get into one. My losing position are open much longer than my winning positions, and when my gut tells me to sell I've been holding on and digging a deeper hole. It's so much easier to say you're going to cut your losers off right away vs actually doing so.

I've also learned not to go against my gut, even if the technicals I'm looking at point to something different. The technicals I've been looking at are MACD, EMA, Divergence, RSI, CCI and sometimes I bring up Bollinger Bands. So I'm looking at a lot of crap that doesn't really predict where the dow is going. I've bought a book called "Trading for a Living: Psychology, Trading Tactics, Money Management". Hopefully that will help. If anyone has advice on the best leading technical indicators, please advise.

Here is the beginning of what will become my strategy, some of which I've already alluded to:

(1) trade only DDM & DXD

(2) limit myself to 5 trades per day to start, I made 13 yesterday and felt like I was "chasing" some losers all day trying to make up for it.

(3) look at the ^FTSE right away in the morning, it may give an indication of where the dow is headed

(4) look for pattern development, support & resistance levels on a daily real-time chart

(5) pray

(6) don't let a loser go down more than .05/share no matter what

Best trades on DOW are typically in the first and last 90 minutes. If you check your results I think you will find that your losers tend to occur in the middle part of the trading day. Good luck with it. I've posted quite a bit about developing strategies and how to day trade major indexes. Feel free to search for it. This from my blog might help...http://steelhedge.com/wordpress/?p=252

 

[TheWalkmen]

So I'm practicing my day trading of DDM & DXD with my simulated account and I'm working on seeing chart patters develop.

The dow is at 9778 at 10:07 central and it looks like it's going to drop to about 9760 - 9765 then go up to about 9795 - 9800 then down to about 9770 then up again to about 9810ish. That's all I'm guessing for now.

Well, I didn't get that right but I did manage to get into a trade shorly after this when the Dow was at 9823 at 10:35 central. I bought DXD (dow bear etf) and sold at 10:55 for a small gain. On the day I won 5 of 7 trades for a $98 profit. My best trade on the day was from 1:26 - 1:40 central when DDM (dow bull etf) went from $38.50 to $38.62. I'm trading on a simulated portfolio now, but will be trading $35,000 live when I'm comfortable enough. I will only trade DDM & DXD so I don't lose big, and hopefully I can make 1 - 1.5% a week. Over a year, that should double my money. I won 6 out of 8 trades on 10/6 for a $285 profit, won 9 of 13 on 10/7 but managed to lose $15.70 on the day.

In the 3 days of the simulation I've learned a lot: I cut my winners pretty short, I see a profit and take it. My average profit per winning trade is ~$50, but 14 of 20 winners have been below $50. I've run into problems cutting off losing positions when I get into one. My losing position are open much longer than my winning positions, and when my gut tells me to sell I've been holding on and digging a deeper hole. It's so much easier to say you're going to cut your losers off right away vs actually doing so.

I've also learned not to go against my gut, even if the technicals I'm looking at point to something different. The technicals I've been looking at are MACD, EMA, Divergence, RSI, CCI and sometimes I bring up Bollinger Bands. So I'm looking at a lot of crap that doesn't really predict where the dow is going. I've bought a book called "Trading for a Living: Psychology, Trading Tactics, Money Management". Hopefully that will help. If anyone has advice on the best leading technical indicators, please advise.

Here is the beginning of what will become my strategy, some of which I've already alluded to:

(1) trade only DDM & DXD

(2) limit myself to 5 trades per day to start, I made 13 yesterday and felt like I was "chasing" some losers all day trying to make up for it.

(3) look at the ^FTSE right away in the morning, it may give an indication of where the dow is headed

(4) look for pattern development, support & resistance levels on a daily real-time chart

(5) pray

(6) don't let a loser go down more than .05/share no matter what

Best trades on DOW are typically in the first and last 90 minutes. If you check your results I think you will find that your losers tend to occur in the middle part of the trading day. Good luck with it. I've posted quite a bit about developing strategies and how to day trade major indexes. Feel free to search for it. This from my blog might help...http://steelhedge.com/wordpress/?p=252

I'll check out the blog, thanks. I've had my biggest gains in the first half hour, although I've heard several people say they NEVER trade in the first 30 minutes because it's too volatile. Today I had a nice gain in the last 20 - 25 minutes although it was a little stressful. I felt the market was going to fall and it took a while but finally did.

 

[Mose]

Got nervous and sold my HEB at $2.05. Bought it Wednesday at $1.69!!

 

[playin4beer]

HEB is up BIG today.....

Yep. Nice call by whoever said to start buying again in the high1.60s to 1.70s. And that was just a few days ago

I rebought yesterday at $1.69. I am still holding though. I was wanting to sell at $1.95, but got busy at work and the market closed. Then I read some cryptic PR from the CEO. The message boards are blowing up about HEB right now in after hours. I am torn on if it is good or bad.Thanks to whomever reminded me of this stock yesterday! I agree, in that I hate the company, but it is an awesome swing trade play.

I'm still holding 500 shares...sold the rest i had awhile ago at $2.25....Thanks to FBG's I had been watching CENX for a bit... it's been around $10 to $11 for quite some time... earlier this week it dipped down into the $8's...I bought 300 shares at $8.86 and sold them today at $11.04. Thanks guys

Nice job selling CENX at its exact peak for the day. I also did a week play on CENX and one-day play on HEB for nice profits just from watching the trends on them. Though it's looking like I should have held HEB longer.

Just noticed that I said I sold CENX at $11.04... actually I pulled the trigger at $11.02, THEN it hit $11.04, only to drop back down. So, i didn't hit it at the exact high point, but pretty damn close....

 

[Random]

Anyone care to comment on CEF (Central Fund of Canada)? Not as a trade, but as a long term holding in my IRA.

 

[KGB]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

OOF. The thing goes up 10 straight days. I hop on board and the train not only derails but went off a bridge, landed in a river, and then I got ate by piranas. -20% today so far.

 

[St. Louis Bob]

I just gambled 400 KV/A at $2.86.

Out at $3.36 +$186.00 +16% YTD $9678.37 +129%

 

[KGB]

Did you get in on EVRM? Up 25% in 4 days :thumbsup:

I haven't as of yet. Just because i haven't had time to do any legwork on it. You seem to have an uncanny knack at finding these. I am always leery of stocks under a dime (neomedia, spng, to name a few). I guess not overstaying your welcome is key with these under a dime stocks. I see its up to .0522. Nice run. I will definetley be looking at EVRM over the weekend and hope to get in on a buyback. I would think that if the vitals aren't too bad, getting in at todays price won't hurt you either.

Well I dumped my SRSR at a huge loss. Any of the SRSR guys stay as long as I did?Bought 25000 shares EVRM @.054. I'm looking to double at a minimum and really looking at 20 pluse cents before I sell. So I'm officially in. Wish I pulled the trigger at .40 like I was going to but oh well.

OOF. The thing goes up 10 straight days. I hop on board and the train not only derails but went off a bridge, landed in a river, and then I got ate by piranas. -20% today so far.

Making a comeback. Wfew

 

[Mark Davis]

Re: Gold

I'm looking to take a position in GOLD (ticker GOLD) on some kind of pullback. Not 100% sure where that is going to be. I may wind up scaling into the position...from low 70's.

For those of you who like to play with penny stocks. Look into Sante Fe Mining (ticker SFEG). Currently trading around $1.25

For disclosure...I've owned this stock for a number of years and my total cost basis is less than $0.00. However this is a company with real assets, and is in the very early stages of actual mining production.

This week they received important permitting for the Ortiz mine which has an estimated 2 million oz of gold (as well as silver). Commercial production should begin in 2010.

Do your DD on this one...as for me I'm riding a lottery ticket. My hopes/guess- I could see this one going to $2.50 (in actual production) up to $8 on crazy hype. Here is a link to a recent press release....

http://santafegoldcorp.com/_pdfs/05_news/p...09/20091005.pdf

Add any GOLD today?

 

[siffoin]

Re: Gold

I'm looking to take a position in GOLD (ticker GOLD) on some kind of pullback. Not 100% sure where that is going to be. I may wind up scaling into the position...from low 70's.

For those of you who like to play with penny stocks. Look into Sante Fe Mining (ticker SFEG). Currently trading around $1.25

For disclosure...I've owned this stock for a number of years and my total cost basis is less than $0.00. However this is a company with real assets, and is in the very early stages of actual mining production.

This week they received important permitting for the Ortiz mine which has an estimated 2 million oz of gold (as well as silver). Commercial production should begin in 2010.

Do your DD on this one...as for me I'm riding a lottery ticket. My hopes/guess- I could see this one going to $2.50 (in actual production) up to $8 on crazy hype. Here is a link to a recent press release....

http://santafegoldcorp.com/_pdfs/05_news/p...09/20091005.pdf

Add any GOLD today?

I'm unable to converse with any fan of the 49'ers till next week. The ghost of Jerry Rice still haunts my nightmarish dreams.JK.

I'm not getting a great ST read on the overall market. Seems like some kind of crossroads. And with OPEX upcoming I'm hesitant to enter on any side.

Re: GOLD- $69.25 and I'm very interested. But at $70 a March Synthetic play is probably going to be my best bet.

 

[The Ref]

Thinking I'm going to dabble in EEV soon

Funny you should mention that; I just rebalanced my 401k, going to keep it like this until next year:80% Money Market

10% Overseas

10% OTC Portfolio

Hypocrisy alert.... as I'm about 40% in cash/bonds right now.Like everything else, I need a complete picture before I can pass judgement. But with limited info, I can't get behind a ROY balance like that. The dollar has fallen so far so fast and bought up the market so much to have that % of money on the sidelines. A few good earnings reports and the market might be on the way to S&P 1200. That said, we have had some major market downturns in October over the years. I took money off the table as we got into the end of August to lock in the summer gains and protect vs a downturn. A downturn could very well still happen depending on 3Q earnings reports.

I guess all I am saying is if the USD remains as flawed and weak as it has been and we start to get positive earnings reports (very posible from the financials with the free money and the market gains) and the market might be off to the races to the upside. Not a good situation for 80% MM/Bonds.

We shall see. Two weeks from now will be a very interesting time in the market.

Well boys and girls, real earnings season is upon us. I'm still playing this market tight, holding 40% cash bonds. If the news is positive i may start to move more into the market till we hit the highs of 1200 on the S&P. My gut tells me earnings will be very good and the market will move into the S&P mid 11's. That said, I want to see some numbers first.

Tuesday: Dow component Johnson & Johnson (JNJ, Fortune 500) reports results in the morning. The consumer products firm is expected to have earned $1.13 per share versus $1.17 per share a year ago, according to a consensus of analysts surveyed by Thomson Reuters.

Dow component Intel (INTC, Fortune 500) is due to report results after the close Tuesday. The chipmaker is expected to have earned 27 cents per share versus 35 cents a year ago.

Wednesday: Dow component JPMorgan Chase (JPM, Fortune 500) is expected to report a profit of 49 cents per share versus 11 cents a year ago, when it releases its results in the morning.

Thursday: Citigroup (C, Fortune 500) is due to report results before the start of trading. The troubled financial firm is expected to report a loss of 21 cents per share versus a loss of 60 cents a year ago.

Also Thursday, Goldman Sachs (GS, Fortune 500) is expected to report a quarterly profit of $4.24 per share.

Nokia (NOK), also due Thursday morning, is expected to have earned 18 cents versus 33 cents a year ago.

Thursday night, Google (GOOG, Fortune 500) is expected to report a profit of $5.37 versus $4.92 per share.

Dow component IBM (IBM, Fortune 500) is expected to have earned $2.38 versus $2.05 per share.

Friday: Dow component Bank of America (BAC, Fortune 500) reports results before the start of trading. The financial firm is expected to have lost 6 cents per share after earning 15 cents per share a year ago.

Dow component General Electric (GE, Fortune 500) is also due to report before the start of trading. GE is expected to have earned 20 cents per share, versus 45 cents a year ago.

 

[kaa]

Michael Rubin recently looked at a scenario where Israel attacks Iran. I created a thread about it here:

http://forums.footballguys.com/forum/index...0#entry10925696

The interesting thing to note from an investment angle is that it would, in his view, lead to a spike in oil prices. This is because Iran would retaliate by proxy, with Hezbollah firing rockets at the oil fields of Iraq in order to disrupt supply lines. Iran might also close the Strait of Hormuz, if only briefly. But as we've learned from Desert Storm and Iraqi Freedom, pretty much any conflict in the region pushes oil prices higher.

 

[itriple]

Im gonna chase the earnings reports this week. If it is anything like last quarter I should make money 80% of the trades. I love it when you know estimates are low and easy to beat.

In for 500 shares of JNJ.

 

[Hoosier Daddy?]

So, is it time to jump off of PRGN yet?

 

[Norman Einstein]

Im gonna chase the earnings reports this week. If it is anything like last quarter I should make money 80% of the trades. I love it when you know estimates are low and easy to beat.In for 500 shares of JNJ.

got any play on JPM or C in the next few days?