View Full Version : Stock tip
SampaGuy
09-18-2009, 12:52 PM
This is probably a retarded question, but why the hell can't I get a quote for SPNG today? All it shows is market close yesterday. I tried Zecco, Google Finance, Forbes, etc. All other quotes come up fine.
ironchef
09-18-2009, 04:37 PM
This is probably a retarded question, but why the hell can't I get a quote for SPNG today? All it shows is market close yesterday. I tried Zecco, Google Finance, Forbes, etc. All other quotes come up fine.
Because its SPNGE now.
SPONGETECH DELIVERY
(OTC BB: SPNGE.OB)
Last Trade:0.1026Trade Time: 4:18pm ETChange:http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/up_g.gif 0.0124 (13.75%)Prev Close:0.0902Open:0.089Bid:0.1025 x 5000Ask:0.1021 x 50001y Target Est:N/ADay's Range:0.0777 - 0.103052wk Range:N/AVolume:149,817,544Avg Vol (3m):N/AMarket Cap:74.17MP/E (ttm):N/AEPS (ttm):N/ADiv & Yield:N/A (N/A)
ironchef
09-18-2009, 04:41 PM
Had a good week this week, banked 65% on CVM. Up 100% overall since mid-July. Thankfully CVM helped me make up for the loses I sustained last 2 weeks due to stupid trades. Got into C towards the close today. Will look to flip it sometime next week, and rebuy CVM.
SampaGuy
09-18-2009, 05:40 PM
This is probably a retarded question,
I was right lol. Should have just searched for Spongetech.
Good job ironchef, keep it up man. Do you trade just stocks or do you also do forex, options, etc. ?
ironchef
09-18-2009, 06:38 PM
I was right lol. Should have just searched for Spongetech.
Good job ironchef, keep it up man. Do you trade just stocks or do you also do forex, options, etc. ?Stocks right now, but I would definitely like to get into Forex, Futures, and Options.
Verik
09-18-2009, 09:45 PM
I was right lol. Should have just searched for Spongetech.
Good job ironchef, keep it up man. Do you trade just stocks or do you also do forex, options, etc. ?
I specialize in forex, but i put play money in stocks. Will be trading corporate bonds once I pass my series exams. Anyone else been enjoying the long slide the dollar has been taking against the euro? ps by long i mean the past 4 months lol. easiest money ever made IMO. Personally I've pulled in over 2200 pips of profit.
ironchef
09-18-2009, 10:29 PM
I specialize in forex, but i put play money in stocks. Will be trading corporate bonds once I pass my series exams. Anyone else been enjoying the long slide the dollar has been taking against the euro? ps by long i mean the past 4 months lol. easiest money ever made IMO. Personally I've pulled in over 2200 pips of profit.Thats awesome, what size lots are you trading?
I definitely want to learn more about FOREX, and eventually shift trading it almost exclusively. I like that its very based in technical analysis a lot of the time, and less subject to bullshit manipulation like stocks. Can you recommend any good books for it?
Verik
09-18-2009, 11:24 PM
Thats awesome, what size lots are you trading?
I definitely want to learn more about FOREX, and eventually shift trading it almost exclusively. I like that its very based in technical analysis a lot of the time, and less subject to bullshit manipulation like stocks. Can you recommend any good books for it?
You'd be surprised. Positive numbers have been released all week for the $ but the Euro has had a strong bullish trend for well past obama's speech on the 8th. It has its own set of market movers, that's for sure.
I'm a finance/econ major. I can honestly say I've never read any books on it. I self taught myself the majority of the technical analysis, although I primarily stick to the fibonacci retracement and moving averages not to mention my own strategies. One thing you will learn is everyone's calculations are different (because its subjective of points you use and time frame). Everyone must come up with their own strategy and approach, what works for me wont necessarily work for someone else.
CPRK, SIXOQ, and BIEL Will be my portfolio by the end of the week.. expect BIG things from CPRK but they will not turn up results until mid 2010
ironchef
09-21-2009, 06:42 PM
Keep CVM on your radars.
SampaGuy
09-21-2009, 07:32 PM
Keep CVM on your radars.
I got in and got out this morning, made a quick 10%.
What else are you guys looking at this week (other than the ones tony posted which I'll look into tonight)? I'm still holding on to CTIC, bought it kinda high going to have to wait it out I guess.
ironchef
09-21-2009, 07:43 PM
I got in and got out this morning, made a quick 10%.
What else are you guys looking at this week (other than the ones tony posted which I'll look into tonight)? I'm still holding on to CTIC, bought it kinda high going to have to wait it out I guess.Yea I flipped it this morning as well. 3rd time I've played it, its been good to me.
drpepper14
09-23-2009, 01:56 PM
started playing asfx...should see $1 by years end. I have over 500k shares of it at the moment.
In other stocks:
BIEL
Got some very juicy info from a few people that I probably shouldn't have gotten. They filed ALL 5 of their 510k applications with the FDA yesterday and it is being fastracked to 30 day clearance with the FDA.
The real news though is that Dr. Scholls is now waiting on the sidelines with a .70 pps offer awaiting approval of biel's actipatch. That should be 1-2 weeks after approval, so 6-8 weeks from now BIEL should be .70 pps from the current level of .097.
Good stuff, I like where this thread has gone with various plays.
I did buy SIXOQ today, started at .45 and went up to .72 then settled back down. This is a very quiet stock and the back end of the profits isn't based on performance, you are basically holding an IOU from Six Flags, it gets a bit complicated but I could explain if anyone is interested. I'm in this for the very long haul but $2 a share is highly possible.
CPRK, just inside info that I've received that the earnings that have yet to be posted are VERY positive and will shift this stock in a good direction.
Holding BIEL, i just refuse to sell. Will add more tomorrow, possibly 20k shares.
BZCN 362k shares, just because.. not expecting anything out of it any longer but you just never know.
And GETA hit 1.11 today, I recommended that when it was around the equivalent of .35 earlier in this thread.
drpepper14
09-23-2009, 08:21 PM
I just can't hold BIEL right now when asfx is taking off. BIEL will trade sideways for a few weeks and asfx will prob see .10-.25 in the next month!
ironchef
09-23-2009, 09:25 PM
Whats the reasoning behind ASFX rising? Legit or P&D?
From my understanding, very legit
After some research.. I'm convinced. I'll be buying asfx tomorrow.
ironchef
09-23-2009, 11:06 PM
After some research.. I'm convinced. I'll be buying asfx tomorrow.Anything interesting to share?
SampaGuy
09-24-2009, 12:17 AM
so it went up 40% today without any news or anything at all?
drpepper14
09-24-2009, 12:47 AM
anticipation
They have picked up a heavy hitter for their VP position, have a bill being signed by the gov in Cali in a week or 2 (which will be followed by NY) and they are going to be announcing huge sales soon. Also one of their products is in walmart now.
SampaGuy
09-24-2009, 09:31 AM
CRXX about to jump. i think.
ironchef
09-24-2009, 10:28 AM
Almost just had a nervous breakdown lol. My scanner found CHTP this morning down 70%, from like $7ish down to $2. I took a big ass risk, sold my CVM for $400 loss, and bought in around $2.09 average. It started to go down, and im damn near shitting my pants, but thankfully it reversed like I thought it was going to. Sold it at $2.61, for a nice gain :D. Been looking at ASFX, seems like a decent entry today.
ironchef
09-24-2009, 10:52 AM
Almost just had a nervous breakdown lol. My scanner found CHTP this morning down 70%, from like $7ish down to $2. I took a big ass risk, sold my CVM for $400 loss, and bought in around $2.09 average. It started to go down, and im damn near shitting my pants, but thankfully it reversed like I thought it was going to. Sold it at $2.61, for a nice gain :D. Been looking at ASFX, seems like a decent entry today.ASFX was at .019 when I posted that, now its up to .021, didn't get in though, oh well.
Had my limit order waiting for asfx below .02. Sure enough it filled at a decent entry point of .019
ironchef
09-24-2009, 11:23 AM
Had my limit order waiting for asfx below .02. Sure enough it filled at a decent entry point of .019:goodjob::goodjob::goodjob:
If you watch the chart on asfx there should be significant pullback before another jump. Possibly .015
ironchef
09-24-2009, 11:33 AM
Are you going to flip it?
I'm holding for a minute, going to build up some free shares before I start selling.
I managed to pick up evfl before it jumped 100 percent. Bad thing is I only invested 40 dollars
SampaGuy
09-24-2009, 12:27 PM
Morning did not go very well for me, screwed up pretty bad with a very basic concept lol, what was supposed to be a one-day flip is now long term. Won't make the same mistake twice. I'm now down about 11% overall holding on to CTIC, BIEL, and CRXX.
SampaGuy
09-24-2009, 12:35 PM
I'm holding for a minute, going to build up some free shares before I start selling.
I managed to pick up evfl before it jumped 100 percent. Bad thing is I only invested 40 dollars
$40? I understand that if it goes bad its just a $40 loss, but the stock would have to go up almost 25% just for you to break-even with commissions. Is that working for you?
I haven't been investing less than $400 in each position so that commission doesn't bite into it as bad. What do you guys think?
Morning did not go very well for me, screwed up pretty bad with a very basic concept lol, what was supposed to be a one-day flip is now long term. Won't make the same mistake twice. I'm now down about 11% overall holding on to CTIC, BIEL, and CRXX.
CTIC got some bad news so it might bleed down to 1 dollar before another upswing. CRXX is getting a lot of good attention from other investors I know and BIEL you will be rewarded if you are patient. The run up on anticipation alone should pay nicely.
$40? I understand that if it goes bad its just a $40 loss, but the stock would have to go up almost 25% just for you to break-even with commissions. Is that working for you?
I haven't been investing less than $400 in each position so that commission doesn't bite into it as bad. What do you guys think?
My commission is 5.95 with USAA so with 100 percent I net about 23 dollars after fees. I figure I just keep flipping and see where it ends up over time. The hard part is finding a buyer @ .0002. With evfl though the company has potential but it is purely a spec play for me.
ironchef
09-24-2009, 04:07 PM
Bummer, sold out of CHTP at 2.61, and it went upto $3.15 while I was at lunch. Shouldn't complain though, made an almost $1700 gain in half an hour. If only I could do that everyday lol.
ironchef
09-24-2009, 04:09 PM
What do you guys think about BBI? I like the way its setting up on the chart, but I don't have much research in it yet. Thinking about buying in tomorrow pending it going down a little more.
If I could move in an out of stocks on a dime like that CHTP would have been a good play but I have until Oct. 23rd before I can do that.
BBI I dont know a whole lot about, i'd have to research where the business is headed.
ironchef
09-24-2009, 04:37 PM
Why do you have to wait?
Why do you have to wait?
Playing ADLS I accidentally chose Margin funding instead of cash, somehow in the process I managed to get a "free ride" which is a big no no. Put my account on probation for 3 months which forces me to wait 3 days after a trade. After october I wont have to wait 3 days, i can sell.. funds will be available immediately and I can move in and out of investments.
ironchef
09-24-2009, 07:14 PM
Oh ok, I'm still kind scared to try margin cause I don't know how it works fully. Like, lets say I have $5k cash in my account, and nothing else. And, I want to buy $10k worth of stock, could I do that? I do have a margin account.
ironchef
09-24-2009, 07:34 PM
RIMM got hammered AH today after their earnings report. Just picked some up @ 73.84. I figure it will bounce back 5% easy by probably tomorrow, maybe even 10% next week.
Oh ok, I'm still kind scared to try margin cause I don't know how it works fully. Like, lets say I have $5k cash in my account, and nothing else. And, I want to buy $10k worth of stock, could I do that? I do have a margin account.
I dont have a 100% grasp on margin either which led to my error. USAA defaults to Margin instead of cash which led to my mistake.
SIXOQ, for the 2nd time I am telling you guys.. throw an amount you're willing to lose but the upside for the short term is worth the risk.
SampaGuy
09-24-2009, 08:22 PM
Oh ok, I'm still kind scared to try margin cause I don't know how it works fully. Like, lets say I have $5k cash in my account, and nothing else. And, I want to buy $10k worth of stock, could I do that? I do have a margin account.
You need to qualify as a pattern day trader, which means you must have $25k in equity/cash minimum in an account. So in your example no you couldn't. But if you have $50k cash in your account, yes you could buy $10k worth of stock using only $5k cash.
FYI ironchef if you have less than $25k in your account you can only buy and sell a position during the same day 3 times per week max.
http://en.wikipedia.org/wiki/Pattern_day_trader
This doesn't apply to FOREX btw.
ironchef
09-24-2009, 08:32 PM
You need to qualify as a pattern day trader, which means you must have $25k in equity/cash minimum in an account. So in your example no you couldn't. But if you have $50k cash in your account, yes you could buy $10k worth of stock using only $5k cash.
FYI ironchef if you have less than $25k in your account you can only buy and sell a position during the same day 3 times per week max.
http://en.wikipedia.org/wiki/Pattern_day_trader
This doesn't apply to FOREX btw.Yea I know about the round tripping. I usually don't do it, CHTP today was out of the ordinary. I see myself more of a swing trader.
Looks like I have to work my way up to $25k and then $50k.
SampaGuy
09-24-2009, 08:40 PM
Yea I know about the round tripping. I usually don't do it, CHTP today was out of the ordinary. I see myself more of a swing trader.
Looks like I have to work my way up to $25k and then $50k.
Yea me too, monday was the first time i did it.
Nothing happens at $50k, that was just my example. All you need is more than $25k.
ironchef
09-24-2009, 08:43 PM
Yea me too, monday was the first time i did it.
Nothing happens at $50k, that was just my example. All you need is more than $25k.Something does happen, you have $50k :D.
ironchef
09-24-2009, 08:46 PM
The weird thing is like right now on my E-Trade account it says my Margin buying power is double my cash buying power. Which makes me think I could use margin now, but I'm still hesitant.
SampaGuy
09-24-2009, 08:49 PM
Something does happen, you have $50k :D.
:cheers:
I would email/call customer service and ask first, tony's probation thing sucks lol.
:cheers:
I would email/call customer service and ask first, tony's probation thing sucks lol.
sucks doesnt begin to explain it
Mr. Chef,
I know how much you like the legit plays and not so much the pennies. The people I've been investing with are saying REALLY good things about CIT-A this week.. if you can get in under $4.00 you can at least play the run up to $7 since CIT will be releasing their plan to restructure (or bankruptcy) this thursday. It is very doubtful if CIT declares bankruptcy and if the news is good $12+ is expected.
ironchef
09-26-2009, 12:02 PM
Mr. Chef,
I know how much you like the legit plays and not so much the pennies. The people I've been investing with are saying REALLY good things about CIT-A this week.. if you can get in under $4.00 you can at least play the run up to $7 since CIT will be releasing their plan to restructure (or bankruptcy) this thursday. It is very doubtful if CIT declares bankruptcy and if the news is good $12+ is expected.I couldn't find CIT-A. Are you talking about CIT as in the CIT Group, which is currently at $1.60?
CIT-A are the preferred shares of CIT, it should be @ $3.95 a share right now. Different brokerages have it listed under different quotes, it could be CITPRA
These shares are basically notes, they pay a dividend and should CIT structure successfully and close out the shares they are worth about $24.00. (nice payoff if the company make a good come back) I'm just playing this short term.
ironchef
09-26-2009, 12:19 PM
Hmm, it seems ok, but I'm not terribly thrilled about the volume. I'd hate to be stuck should volume die out. Wouldn't playing the regular common stock give fairly good returns should CIT do something good?
At the current moment everything is hold for me. CTIC, HEB, GNTA (300k shares now) BIPH, NEPH. Only reason I sold today was to buy more of another. As for Non pharmaceuticals - ETFC, GLS, BLT.
I'm quoting this to show just how much patience pays off and my impulsiveness costs me money. I made this post on July the 8th, I don't remember how much was in my brokerage account at the time, I'll guess about $7k
HEB was @ $2.23 at the time of this post - Currently $2.03
CTIC was @ 1.46 - Currently $1.24
BIPH was @ .02 if I remember correctly now @ .01
Okay I dodged a couple of bullets there, but then the rest of the portfolio.
NEPH was at $1.12 - Since then it has hit $2.64 but currently at $1.48 (235% Return)
GNTA was @ .38 - Now @ .96 and went as high as $1.12 (290% Return and I know for a fact I would have made about $6,000 on this one this month)
ETFC was @ $1.18 - Since then it hit $2 a share this week, currently $1.77 (50% return)
GLS was @ $4.09 - It is @ $9.00 and rising (220% return)
BLT was @ $8.22 - Currently at $9.30 (around a 10-15% return)
And I sold them all well before they matured. I post this to use myself as an example that had I been patient, I would have made a lot more than I currently have. I did the research, the figures were there but I was just too impulsive.
Hmm, it seems ok, but I'm not terribly thrilled about the volume. I'd hate to be stuck should volume die out. Wouldn't playing the regular common stock give fairly good returns should CIT do something good?
Volume is low because its thinly traded, but buys of 1000 shares or so are being fullfilled. The common shares could see some very nice gains should good news come thursday but the Preferred shares are even more valuable since they pay dividends and how they are structured.
ironchef
09-26-2009, 12:42 PM
I'm quoting this to show just how much patience pays off and my impulsiveness costs me money. I made this post on July the 8th, I don't remember how much was in my brokerage account at the time, I'll guess about $7k
HEB was @ $2.23 at the time of this post - Currently $2.03
CTIC was @ 1.46 - Currently $1.24
BIPH was @ .02 if I remember correctly now @ .01
Okay I dodged a couple of bullets there, but then the rest of the portfolio.
NEPH was at $1.12 - Since then it has hit $2.64 but currently at $1.48 (235% Return)
GNTA was @ .38 - Now @ .96 and went as high as $1.12 (290% Return and I know for a fact I would have made about $6,000 on this one this month)
ETFC was @ $1.18 - Since then it hit $2 a share this week, currently $1.77 (50% return)
GLS was @ $4.09 - It is @ $9.00 and rising (220% return)
BLT was @ $8.22 - Currently at $9.30 (around a 10-15% return)
And I sold them all well before they matured. I post this to use myself as an example that had I been patient, I would have made a lot more than I currently have. I did the research, the figures were there but I was just too impulsive.I know exactly what you mean.
My biggest 2 misses recently were AIG and CVM.
Had AIG at about $41, sold at around $45, went to $55 like a week later.
Had CVM originally at .568 went to $2.10 like a couple weeks later. (flipped it many times in between, but hold the original shares would've still paid off higher)
Made money on both, but not as much as I should/could have.
I'll post up my current portfolio just in hopes that my patience will pay off this time.
SIXOQ - 1500 shares
BZCN - 362000 shares
BIEL - 25800 shares
ASFX - 50000 shares
CPRK I sold and waiting for below .0070 before I buy back in, till then I'm buying CITPRA w/ 500 shares
EVFL - 350000 shares (Purely speculative play)
The ones I expect a nice return from, BIEL.. ASFX SIXOQ and CITPRA, the others are spec plays for me.
Had CVM originally at .568 went to $2.10 like a couple weeks later. (flipped it many times in between, but hold the original shares would've still paid off higher)
Made money on both, but not as much as I should/could have.
Ones like CVM hurt the most, when you KNOW what could have been.. I just take them off of my watch list at that point. Did anyone see VRMLQ, fucking .05 on Sept. 11th and now $8.45 today... $1000 invested would be worth $169,000 right now.
ironchef
09-26-2009, 01:45 PM
I'm currently in CVM w/ 5900 shares, got them at $1.67.
Looking for a decent run into the $2's this week.
I'm obviously bored today, but if we all knew BIEL was going to hit somewhere around .50-.70 why not invest everything you have in it?
edit: to answer my own Q, I invest in the other stuff in hopes that it matures nicely before BIEL.. then I can channel profits into BIEL and quit the day job lol. I'd love nothing more than to be a full time investor.
ironchef
09-26-2009, 11:02 PM
If we all knew BIEL was guaranteed to go to .50-.70, I'm sure we would take out as many loans/mortgages as possible. But, nothing is guaranteed, even less so when its a penny stock.
SampaGuy
09-26-2009, 11:18 PM
This is definitely not the place to have all your eggs in one basket.
Keep an eye on HDVY btw
Guaranteed no, likely.. yes. BIEL is similar to HEB and CTIC before they took off. I was just getting my feet wet when they were really low and I didnt pay much attention.. now both have managed to touch $2.00. With the future of BIEL and should they get indexed like the other two I expect some pretty big gains.
I just remember CTIC being around .10 early in this year and blowing it off like whatever. HEB was @ .80 by the time I discovered it but was much lower before. The three companies are carbon copies as far as the potential and what they have lined up.. BIEL is actually more similar to NEPH than the other two.
ironchef
09-27-2009, 02:25 PM
When is the BIEL run expected to start?
ironchef
09-27-2009, 02:31 PM
Keep SUNV on radar.
SUNV looks good, I like the chart and the fundamentals. That will be my backup if I cant get into CIT-A.
BIEL is supposed to run around the end of this year. Caveat Emptor might be removed before then and cause a slight jump, definitely a good entry point at these prices.
SampaGuy
09-27-2009, 04:28 PM
Rather than getting into new positions I think Ill just hold off so that I have money in case I need to average down my other positions. I bought CTIC a little high but my big fuck up was CRXX :( Yet averaging down might put me deeper in the hole.
ironchef
09-27-2009, 04:49 PM
Rather than getting into new positions I think Ill just hold off so that I have money in case I need to average down my other positions. I bought CTIC a little high but my big fuck up was CRXX :( Yet averaging down might put me deeper in the hole.I don't see CRXX dropping much more before having a nice reversal.
SampaGuy
09-27-2009, 07:58 PM
I don't see CRXX dropping much more before having a nice reversal.
Well I hope so. I bought it at last week's peak lol. I just found out this:
http://www.gurufocus.com/news.php?id=70449
so I'm more worried about CTIC now.
drpepper14
09-27-2009, 08:30 PM
btw, the biel run will start in 3-5 weeks when actipatch's 510k's have been approved as dr. scholls is waiting to pick up the heel/foot application.
Upon approval of actipatch, the pps should see .70 and settle in the .40-.50 range, and then head back upwards with the airing of the infomercials and approval of allay
ironchef
09-28-2009, 09:40 AM
SUNV up 37.5% :(. Very small volume for a cheap stock like that though, so it would be tough to get in an out with decent amount of shares.
ironchef
09-28-2009, 10:52 AM
Ugh, really want to jump into XEROX in the anticipation of a nice reversal, but I got burned by that logic last week in RIMM, so hmm...
As expected CIT-A is running this morning and its only goinh to go higher into the week.
This tip is a personal one, not made by anyone else. CRBC, I've held this stock on and off 2 years.. I know its patterns pretty well. Its currently around the .80 range but earning come out in October and there will be a run up.
The company is based in Michigan, its a solid bank and while Michigan has been hit hard I know the company has been stable. You can at least play the run up to $1.20 for a 50% gain on investment and possibly more. Long term its going to $4.00.
Verik
09-28-2009, 05:48 PM
just curious... what platform do you guys use to trade on? I'm used to trading forex and looking around at stock commissions, it seems like commissions on penny stocks eat more than an ass load.... I'm looking at picking up a position in BIEL and on avg most places would be charging 500+$ for commission.
Verik
09-28-2009, 05:59 PM
ps best i could find as of now is thinkorswim
SampaGuy
09-28-2009, 06:01 PM
I use Zecco.com, commission is $4.50 per trade regardless of amount of shares or if its a penny stock. PM me if you want a referral :goodjob:
Edit: Oh now I remember that there is a small spread when buying penny stocks. Not very significant amount, Im going to look more into it.
Verik
09-28-2009, 06:07 PM
i'd be interested in that spread.... think or swim does OTC (pink slips) as 20$ for 20k shares, 30$ for 50k shares or 50$ for unlimited shares.
SampaGuy
09-28-2009, 06:25 PM
Ok nevermind, its not a Zecco thing. The bid/ask spread is whatever the NASDAQ, Pink Sheets, or whoever set them at. So can't really get around it whoever your platform is. There also some transaction fees when you sell but they are extremely low:
Understand that Zecco does pass on SEC, etc., fees associated with selling, namely: .0000257 times the dollar amount of the sale, and .000075 times the number of shares of the sale up to a maximum of $3.75. So, whereas the dollar amount involved in penny stocks rarely generate more than a cent, 50,000 shares will generate the $3.75 fee.
Verik
09-28-2009, 06:27 PM
soooo for OTC the maximum fee is $3.75? is that what I am reading?
SampaGuy
09-28-2009, 06:32 PM
soooo for OTC the maximum fee is $3.75? is that what I am reading?
You have to pay $4.50 when you buy your shares. Then when you sell them you will pay $4.50 to Zecco again, plus the SEC fees of up to $3.75 (this one will be the same with all brokers. Its called SEC Section 31 fee).
Ok hold on. Im reading different numbers at different websites.
Verik
09-28-2009, 06:35 PM
http://www.zecco.com/forums/Difficulty-selling-OTC-stocks-63315_1.aspx
interesting issues with zecco. but then again it looks like this may be a dilemma with any platform in OTC markets
SampaGuy
09-28-2009, 06:35 PM
Here you go. The Section 31 fee is not limited to $3.75 actually, but cannot be avoided regardless of your broker.
# What are SEC Section 31 fees and how are they calculated?
The normal calculation for SEC Section 31 fees is .0000257 multiplied by the principal amount on sales. A principal amount of $390 would be subject to a Section 31 fee of $.01. These fees are passed through from Zecco Trading to your accounts as a non-commission fee.
# What is the Trading Activity Fee (TAF) and why is it charged to my account?
The FINRA assesses the TAF on its members through clearing and self-clearing firms at a rate of $.000075 per share, with a maximum of $3.75 per trade on all liquidation (sell) orders. These fees are passed through from Zecco Trading to client accounts as a non-commission fee.
SampaGuy
09-28-2009, 06:37 PM
http://www.zecco.com/forums/Difficulty-selling-OTC-stocks-63315_1.aspx
interesting issues with zecco. but then again it looks like this may be a dilemma with any platform in OTC markets
I haven't had a problem but then again, I've yet to mess with stocks under $0.01.
ironchef
09-28-2009, 07:34 PM
I use Power E-Trade, its $9.99 per trade regarddless of which market its on or how many shares you're buying. I could buy like 10,000,000 shares of BIEL if I wanted to, still only pay $9.99. Plus the Power E-Trade platform is awesome, imo.
I use USAA, definitely pay a premium for more shares but it is $5.95 a trade with no limitations.
I know a lot of you had to have a good day today. Buying more ASFX tomorrow as well as CIT-A. Hopefully I can catch both on a dip
SampaGuy
09-28-2009, 09:29 PM
If HDVY gets down to .09-.1 ill buy and wait till it spikes again.
ironchef
09-28-2009, 10:32 PM
I know a lot of you had to have a good day today. Buying more ASFX tomorrow as well as CIT-A. Hopefully I can catch both on a dipWow, ASFX killed it today. Still bummed I didn't get in at .019. Oh well.
Wow, ASFX killed it today. Still bummed I didn't get in at .019. Oh well.
If you look at the chart of ASFX any time it has a significant run there is instant pullback, I think these are the people that were holding in the sub penny range taking profits.. after then it levels out and resumes. Set a limit order tomorrow (I set mine @ .035) and buy in. I think this one still has a good ways to go.
drpepper14
09-28-2009, 11:38 PM
gotta love asfx....wish I would've picked it up @ .005 when I thought about it lol
Either way, I got in pretty low and it is giving me a nice chunk of change to invest into BIEL's runnup after fda approval
drpepper14
09-29-2009, 03:10 PM
as of right now asfx is up another .01 or 29%
Couldn't have made a better decision to sell my biel @ .099 and buy asfx until biel gets closer to approval.
Caveat Emptor was lifted on BIEL today finally, but had no significant effect as I have been telling people all week. They have run up over 1000% with the CE in place, so I didn't think it would have any bearing on the pps when it was lifted. BIEL is actually in the red after the announcement today
as of right now asfx is up another .01 or 29%
Couldn't have made a better decision to sell my biel @ .099 and buy asfx until biel gets closer to approval.
Caveat Emptor was lifted on BIEL today finally, but had no significant effect as I have been telling people all week. They have run up over 1000% with the CE in place, so I didn't think it would have any bearing on the pps when it was lifted. BIEL is actually in the red after the announcement today
Took some profits on asfx today, its hard not to when you're over 100%. Waiting for a slight dip, I'll buy back in and continue the ride, or I'll take an alternate route which I don't mind.
CIT-A went over $5 earlier today as well, its been a decent week.
drpepper14
09-29-2009, 03:26 PM
I can't make myself pull the trigger just yet...if asfx breaks .05 it will see .10 very very soon according to the charts.
ironchef
09-29-2009, 03:56 PM
Wasted a round trip today :(. Sold my CVM this morning for a good gain, and saw the PM action on CIT, figured it would be a good flipper. Got in a little high at $1.88, expecting it to go to $2+, but I set up a trailing stop. It went up to $1.94 and my trailing stop was .06 cents below bid, so once it went back down my sell triggered. But then it bounced back up and now its $2.15. So, while I preserved capital and didn't have any losses, I also didn't make anything, grr! Damn you school!! Could've been home watching this instead of wasting time in class.
I was on the flightline all day today so my activity was very limited, I had to set orders before I went to work. I saw the activity on CIT and im feeling that the run up tomorrow will be even more than it is today, there is good news that they will most likely avoid bankruptcy. My sell point with 950 shares of CIT-A is $12, I'd personally like to wait till $15 or $20 but its hard to be that greedy.
drpepper14
09-29-2009, 04:06 PM
asfx closed @ .044 today and Biel closed down today @ .089...another confirmation that my swap to asfx was a good trade. I've made over 10k in asfx instead of losing $1500 over the past week.
Good stuff, I've made up about 40% of my entire portfolio this week and the event that I'm banking on to happen by friday hasn't even started. More buying in the morning, and holding from then on.
drpepper14
09-29-2009, 04:19 PM
what event are you waiting on tony?
ironchef
09-29-2009, 04:20 PM
Good stuff, I've made up about 40% of my entire portfolio this week and the event that I'm banking on to happen by friday hasn't even started. More buying in the morning, and holding from then on.Whats happening Friday?
Thursday CIT comes out with their plan to restructure. I was just researching this to get some clarity on what may happen on thursday and then on. First option is they declare bankruptcy, worst case scenario the preferred drops to half its value.. and strangely I'm okay with that.
I'm okay with it because there are a couple of other things more likely to happen. CIT avoids bankruptcy, restructures and rebuilding starts. Preferred shares (which I have recommended) begin to raise in value because the longs know that the preferred shares are due to be tendered at $25 a share late 2010 not to mention the dividends. (about $1 a share)
Another scenario is CIT reduces the number of preferred shares (debt) by offering common shares at a 5:1 ratio. Commons are at around $2 right now, preferred A was around $4 for me, I'm only holding 1000 shares but a deal like this basically doubles what I own right now.
Its a good play and I've actually learned a lot by researching it, if things go well it would end this week very far into the green. Then its back to BIEL to push my position over 100k shares and wait.
what event are you waiting on tony?
Did you know AMNE releases earnings thursday?
ironchef
09-29-2009, 09:40 PM
Wow, now I'm kind of glad I didn't get back into CIT today. DIED in AH, tony keep an eye on your Preferred's tomorrow.
drpepper14
09-29-2009, 09:54 PM
yeah im aware of amne releasing earnings, but that stock is being wildly manipulated right now AND I have too much tied up in asfx at the moment
Wow, now I'm kind of glad I didn't get back into CIT today. DIED in AH, tony keep an eye on your Preferred's tomorrow.
Honestly, and this might be me running into the fire to get burned but the stock dropped on a WSJ article released late in the day. The drop is due to a panic and it could very well be legit but I'm in too deep to jump ship now.. if I go down I guess I'll go down in flames and should a positive come out of this the payoff will be even better. I didnt use portfolio funds for CIT-A, this is money I would've wasted on a flat screen tv or something of the like.
drpepper14
09-30-2009, 11:46 AM
well asfx is up another 30% today so far....i'm up about 17k on asfx so far this week
Looks like it could push even higher today
well asfx is up another 30% today so far....i'm up about 17k on asfx so far this week
Looks like it could push even higher today
I just wonder how much longer it can sustain 20 percent days. Hopefully forever, either way I'm on free shares now.
drpepper14
09-30-2009, 12:36 PM
well now it's up over 40% for the day and looks like it will close over .065 and possibly into the .07 range
Sold half my position in cit-a for a 30 percent loss and picked up crbc @ .73 with plans to play the run up.
Asfx is ridiculous right now. Enjoying the free ride
ironchef
09-30-2009, 05:41 PM
Bought CIT this morning after I thought it consolidated, well thought wrong. Down 17% right now, hopefully don't get slaughtered tomorrow. So, lets see what happens. Last time CIT was on the brink of bankruptcy they got good news and went up like 400%.
ironchef
09-30-2009, 06:15 PM
Just sold it in AH, took a big hit. Oh well.
ironchef
09-30-2009, 07:15 PM
Someone find me another ASFX so I can make up my losses :P.
Crazy day, and more lessons learned.
Sold a portion of ASFX that.. had I held I would have doubled my initial investment again. Oh well, better to secure a 100% profit than risk it all.
Speaking of risking it all, CIT-A.. lesson learned on that one as well. I'm still holding shares but initially my idea was to wait till wednesday to buy instead of monday, sure enough wednesday presented the opportunity I wanted and I took a loss instead of a gain. As long as I don't repeat my mistakes I might just be okay in the future.
ironchef
09-30-2009, 07:47 PM
The trading book I'm reading now says almost that same thing. "You will make mistakes, but if you can learn from them and not repeat them, you will be ahead of 90% of other traders".
drpepper14
09-30-2009, 08:35 PM
ill be trading asfx tomorrow a couple of times.
I worked it out today, talking with another day trader friend of mine. He says i'll be able to do the same tomorrow. He pocketed about 30k and still has over 500k shares of asfx (he started with 500k shares this morning)
drpepper14
10-01-2009, 01:29 AM
Been working on my trading strategy all night and will update you guys on the outcome after the market closes.
this is what i'm hoping for realistically:
Get at least $10k off the table in asfx
Finish with @ least 536,800 shares (my current holding in asfx)
ironchef
10-01-2009, 10:01 AM
Picked up ASFX on the dip today, lets see .08s :D!
ironchef
10-01-2009, 11:00 AM
Picked up ASFX on the dip today, lets see .08s :D!Thanks ASFX, just made back almost my entire loss on CIT. w00t!
drpepper14
10-01-2009, 11:25 AM
nice play!
I haven't played it today, waiting to see if it runs after lunch then i'm going to play it in half cent increments
More funds won't come available till tomorrow. Trying to decide what to invest in. I've been accumulating evfl 100k shares at a time just in case it decides to run. I did that with xkemq and its paid off nicelư.
ironchef
10-01-2009, 04:30 PM
Bought back into CVM again, will hold through till next Wed-ish.
Should we make a new thread?
ironchef
10-01-2009, 07:57 PM
CVM AH, very nice, daddy likes!
nice play!
I haven't played it today, waiting to see if it runs after lunch then i'm going to play it in half cent increments
What is your absolute exit point on ASFX? I'm thinking about picking up more shares tomorrow.. wish I would have bought in the 100k+ range.
ironchef
10-01-2009, 08:09 PM
I'd wait on picking up tomorrow, unless its late in the day. I have a feeling tomorrow will be more of the same as today. Early morning pop, drop, then a smaller pop, and then a decline the rest of the day finishing lower than the open.
Might have found a potential ASFX, doing more DD at the moment but CBAI.. on the surface things are looking really good for the company, it is still sub penny so a good opportunity to buy in if things look okay. I'll just quote one investor:
Life many investors of CBAI, I've been a long time holder. We've said it before and we'll say it again, this is a stock you buy, and forget about.
CBAI's sector has a lot of potential for the future and with the focus of health care changing from treatment of disease once someone is sick, to prevention of disease before someone gets sick, CBAI is positioned perfectly.
Insurance companies and the health care industry in general will start offering CBAI's service of stem storage at a low cost, or no cost at all to parents, especially those in high risk categories or those who have a family history of genetic disposition for diabetes, cancer, obesity, etc. etc., as a cost saving tool...especially if the government starts offering a low cost alternative to commercial insurance. Both the government and insurance companies understand it's cheaper to correct a genetic defect than to have to treat the disease.
CBAI is now the main player in cord blood storage...hands down. The argument that hospitals and health care providers will provide storage themselves is bunk, for the simple fact that it's costly to do for a limited number of people and the fact that people move, and for both cost and logistical efficiency, you need one or two large storage depositories...which is what CBAI is offering.
CBAI choice to also get into the stem cell research business is an added bonus especially since cord blood stems are proven to work and there is no controversy with the pro-life proponents, thus everyone is happy from a moral perspective.
This company, regardless of all the stock outstanding has unlimited upside by virtue of it being the #1 player now, thus making it an attractive investment to the mainstream investor and a real candidate for a buyout down the line.
Again, are you going to become a millionaire overnight with CBAI, probably not, but if you own anywhere from 100K to a million shares (which costs little to do), it wouldn't take much to make you very rich at even .25 a share.
ironchef
10-01-2009, 08:48 PM
Been watching CBAI over the last couple of days. Before today's drop it was up over 300% in the last week or so. So, right now I'd wait for a little bit of pull back.
SampaGuy
10-01-2009, 09:00 PM
Should we make a new thread?
should we ask to get an investments subsection? or would that somehow kill it? we're not that many lol
Been watching CBAI over the last couple of days. Before today's drop it was up over 300% in the last week or so. So, right now I'd wait for a little bit of pull back.
You know what I find difficult? A well seasoned investor told me to not watch the market for the first 25-30 minutes, too much craziness goes on before the course is set for the day. When I saw ASFX steady at .06 this morning I just knew it was going to be one of those days, but I am sticking with it for now.
CBAI I would love to see where it lands but I'd be frustrated to see it run again and I'm not in. Then again if my strategy is long which.. as I research this company more it doesn't matter, yeah a drop to .0050 gain me an extra 100k shares but I'm tired of jumping into the likes of BIEL and ASFX over a penny when the run started back at .0030. I think maybe I'm getting away from my original strategy which was to move away from emotion and make sound decisions, a hard thing to do but I will continue to ponder my next free shares investment.
should we ask to get an investments subsection? or would that somehow kill it? we're not that many lol
I asked for it and they removed my mod status :thinking:
lol Actually I did ask for the subsection before they took that status away and here we are in the same 19 page stale thread.
SampaGuy
10-01-2009, 09:26 PM
A well seasoned investor told me to not watch the market for the first 25-30 minutes, too much craziness goes on before the course is set for the day. When I saw ASFX steady at .06 this morning I just knew it was going to be one of those days, but I am sticking with it for now.
Yea seriously this has been killing me. The thing is I have to leave for class around 10am to get there at 11 so thats all the time I got. I guess I could wake up earlier and just trade at school from 9:30 to 11 if I really wanted to.
SampaGuy
10-01-2009, 09:31 PM
I'd wait on picking up tomorrow, unless its late in the day. I have a feeling tomorrow will be more of the same as today. Early morning pop, drop, then a smaller pop, and then a decline the rest of the day finishing lower than the open.
Are you talking about CVM or ASFX here?
So in the 25th hour CIT pulls a rabit out of the hat and a restructuring deal is approved.. looks like CIT-A will be compensated with common stock.. CIT will wipe out massive debt. I wish I had stuck to my original plan and rolled the dice, the payoff would have been stellar but I'm sure I'll still end up with more than I started with, cant argue with that.
ironchef
10-01-2009, 11:49 PM
Are you talking about CVM or ASFX here?
ASFX
So in the 25th hour CIT pulls a rabit out of the hat and a restructuring deal is approved.. looks like CIT-A will be compensated with common stock.. CIT will wipe out massive debt. I wish I had stuck to my original plan and rolled the dice, the payoff would have been stellar but I'm sure I'll still end up with more than I started with, cant argue with that.I wonder how CIT common stock will do tomorrow.
SNGX, supposed to make a good recovery similar to ctic. The thing I like just from looking is the number of outstanding shares, very few relative to other pennies.
drpepper14
10-02-2009, 11:40 AM
CBAI will be a very good investment
My exit point is wherever it sits next friday more than likely. I can't be out of biel much longer. Ideally I get out of asfx @ .10
Portfolio as of today.
Asfx, biel, bzcn, cbai, sixoq, cit-a, crbc, sngx,evfl
On my radar is ALX
drpepper14
10-02-2009, 11:11 PM
asfx, cbai, cysg, bmgp
will be transferring asfx to biel and bmgp next week
cysg had a nice jump if i remember correctly friday..i havent been online in a day (posting with my blackberry)
drpepper14
10-05-2009, 12:51 AM
hopefully this week turns out to be a good week!
SampaGuy
10-05-2009, 01:28 AM
good luck to all!
I invested a lot of my holdings into cbai last week and its paying off nicely. Getting ready to take profits on asfx and reinvest. I want over a million shares of cbai but its going to be difficult to get there
SampaGuy
10-05-2009, 01:47 PM
I sold half my shares of CBAI at +30% :) , will buy more when/if it comes back down.
Anyone know why HDVY is up 20%? No news or anything.
The one thing I'm concerned about with CBAI is the O/S, I'm sure a reverse split is in order so maybe I'll sell @ .10 then buy back in once the R/S is settled.
MugenCrx
10-06-2009, 09:41 AM
can anyone give some pointers on how to start investing in stocks?
can anyone give some pointers on how to start investing in stocks?
What are you ultimately trying to accomplish? I started this thread to help anyone out but I think the first thing is figuring out where you want to go.
Some people want to invest for long term growth, some want a little extra to spend, make a quick penny then get out. Me personally I plan to make this into a sustainable career without having to live paycheck to paycheck. The stocks mentioned in this thread are typically high risk, meaning you can lose 50 percent of your investment in days, but they are high reward as well. I would not recommend them for long term growth and security. So first thing is first, what are you trying to accomplish?
SampaGuy
10-06-2009, 01:02 PM
can anyone give some pointers on how to start investing in stocks?
read and study on your own
ironchef
10-06-2009, 04:26 PM
What are you ultimately trying to accomplish? I started this thread to help anyone out but I think the first thing is figuring out where you want to go.
Some people want to invest for long term growth, some want a little extra to spend, make a quick penny then get out. Me personally I plan to make this into a sustainable career without having to live paycheck to paycheck. The stocks mentioned in this thread are typically high risk, meaning you can lose 50 percent of your investment in days, but they are high reward as well. I would not recommend them for long term growth and security. So first thing is first, what are you trying to accomplish?
Case in point, I'm down about $2k on CVM right now. But holding through the end of October on that one, so we'll see what happens.
Case in point, I'm down about $2k on CVM right now. But holding through the end of October on that one, so we'll see what happens.
Its tough and then I see the stocks that, if I held I would basically have nothing left. Patience pays but it can be just as costly, I think as plv said you have to weather the risk with knowledge and adjust accordingly.
ironchef
10-06-2009, 08:12 PM
Its tough and then I see the stocks that, if I held I would basically have nothing left. Patience pays but it can be just as costly, I think as plv said you have to weather the risk with knowledge and adjust accordingly.
I'm not very worried, they have a lot of great stuff coming down the pipe, so I'll hold out for now.
I'm not very worried, they have a lot of great stuff coming down the pipe, so I'll hold out for now.
I heard the problem is someone who put out an article.. Adam Furnstein or something, this guy puts out PR's about stocks and people panic to sell. It happened to HEB when it ran to the $4 range, same guy.
drpepper14
10-06-2009, 08:37 PM
Well i'm selling ASFX as soon as it hits .07 tomorrow and should be moving to BIEL shortly thereafter.
I have very good info that HUGE news should be out this week for BIEL. Once I play that run, i'll be moving profits to BMGP as it has big news coming as well and should see $1 much much faster than biel. Other than BMGP, I will be playing IGNT as a speculative play for the month of november. They are getting big promotion from outside sources and have recently let onto the fact that they have parties interested in a buyout, but are holding out for a .10 buyout (currently trading around .005)
Well i'm selling ASFX as soon as it hits .07 tomorrow and should be moving to BIEL shortly thereafter.
I have very good info that HUGE news should be out this week for BIEL. Once I play that run, i'll be moving profits to BMGP as it has big news coming as well and should see $1 much much faster than biel. Other than BMGP, I will be playing IGNT as a speculative play for the month of november. They are getting big promotion from outside sources and have recently let onto the fact that they have parties interested in a buyout, but are holding out for a .10 buyout (currently trading around .005)
Yeah I sold ASFX, good gain and I owe you one for that tip. BCAI is my current big hope but I am always on the lookout. BMGP has a relatively small number of OS, comparable with companies in the $2.00 range.
SampaGuy
10-07-2009, 12:46 AM
I heard the problem is someone who put out an article.. Adam Furnstein or something, this guy puts out PR's about stocks and people panic to sell. It happened to HEB when it ran to the $4 range, same guy.
Yep here he is:
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=15915466&src=finance&ch=633473
and
http://www.thestreet.com/_yahoo/video/10606558/top-biotech-stock-picks.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#43434793001
Yep here he is:
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=15915466&src=finance&ch=633473
and
http://www.thestreet.com/_yahoo/video/10606558/top-biotech-stock-picks.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#43434793001
I don't see why people follow that guy, in HEB the stock would have skyrocketed if he was proven wrong and Ampligen was approved. If you believe in the stock he is bashing I would double down on the drop because he only does it out of spite. I honestly believe he shorts whatever stock he writes about.
jhadleyh
10-07-2009, 11:59 AM
Quick thread jack....when do we get paid for our UTA's tony?
Quick thread jack....when do we get paid for our UTA's tony?
The schedule is odd, if today is the 7th I want to say ull be paid on friday but I don't know for sure
jhadleyh
10-07-2009, 03:43 PM
The schedule is odd, if today is the 7th I want to say ull be paid on friday but I don't know for sure
thanks bro i was just lost on how we get paid cause i thought it would be the 1st and 15th but if you say we get paid a different day ill take your word for it
btstone
10-08-2009, 10:30 AM
The schedule is odd, if today is the 7th I want to say ull be paid on friday but I don't know for sure
UTA is doing well today
SampaGuy
10-08-2009, 12:20 PM
Keep an eye on HDVY btw
This bastard is up 80% since I posted this... Bought some yesterday at .16, keeps going up without any news.
jhadleyh
10-08-2009, 12:23 PM
UTA is doing well today
what in the fuck are you talking about? UTA is when i go to my unit for the air force reserve on the first weekend of every month lol
SampaGuy
10-08-2009, 12:26 PM
FAIL lol
Dont post random acronyms in a stock thread...
ironchef
10-08-2009, 01:05 PM
3rd down day for ASFX, got in today close to the low, lets go back to the 7's! :D
btstone
10-08-2009, 01:24 PM
what in the fuck are you talking about? UTA is when i go to my unit for the air force reserve on the first weekend of every month lol
i had actually bought that stock like 4 months ago. it has jumped like 4 bucks since then.
BMGP, couldve bought about 10k shares yesterday around .12 but bought BIEL and now I would have almost doubled that money.
SampaGuy
10-08-2009, 03:29 PM
BMGP, couldve bought about 10k shares yesterday around .12 but bought BIEL and now I would have almost doubled that money.
Yea I got about 25% of my money parked on BIEL. Gotta be patient though.
ironchef
10-08-2009, 04:33 PM
ASFX released audited Financial Statement for 07/08, and they aren't pretty =\. Hopefully tomorrow isn't shit-tastic.
Missed some opportunities today. Upped my position in CBAI to 400k shares, invested some in IGNT and let the rest ride the wave today.
drpepper14
10-08-2009, 09:40 PM
haha you hope TOMORROW won't be shit-tastic in ASFX??? Try today on for size. I'm now forced to hold onto that stock until they release the news they are witholding @ the moment or else I lose all my profits from it.
Hopefully it moves back up before biel gets fda approval
ironchef
10-08-2009, 11:01 PM
haha you hope TOMORROW won't be shit-tastic in ASFX??? Try today on for size. I'm now forced to hold onto that stock until they release the news they are witholding @ the moment or else I lose all my profits from it.
Hopefully it moves back up before biel gets fda approvalWhy didn't you see the other day when it was in the 7s? What news are they withholding?
drpepper14
10-09-2009, 12:54 AM
I've been told by some people that I trust very much in terms of their due dilligence that asfx has news waiting. I was on their conference call the other night and they hinted at this news in the call as well.
Either way, I shall be moving onto pdmi and/or ignt this week or next. 4Q for each of these companies should bring them from sub-penny to the .03-.10 range, and in all honesty that will provide me with much greater gains than biel or asfx at this point.
ironchef
10-09-2009, 10:04 AM
I sold it, fuck that, I'll take the big hit. In two moves I've erased pretty much all of my gains in the last 3 months. I keep breaking my own rules, and now I suffered the consequences. Well, no more breaking!
The only thing performing well in my portfolio today is CXM. Everything else is in the crapper. Wish I was buying more today.
SampaGuy
10-09-2009, 11:12 AM
Up 22% in HDVY, and holding on, good news still to come!
MugenCrx
10-09-2009, 12:52 PM
ok well im trying to start investing as in have a lil money here and there to spend :) so what would be a good amount to put into an account to start investing in stock i wanna start around $300
MugenCrx
10-09-2009, 01:00 PM
What are you ultimately trying to accomplish? I started this thread to help anyone out but I think the first thing is figuring out where you want to go.
Some people want to invest for long term growth, some want a little extra to spend, make a quick penny then get out. Me personally I plan to make this into a sustainable career without having to live paycheck to paycheck. The stocks mentioned in this thread are typically high risk, meaning you can lose 50 percent of your investment in days, but they are high reward as well. I would not recommend them for long term growth and security. So first thing is first, what are you trying to accomplish?
thanks for the positive feedback i want to be able to spend a lil cash here and there i plan on starting around $300 and grow from there what stock should i choose for quick gains? penny stock? not sure on how everything works but any info will be gladly appreciated
ironchef
10-09-2009, 01:03 PM
thanks for the positive feedback i want to be able to spend a lil cash here and there i plan on starting around $300 and grow from there what stock should i choose for quick gains? penny stock? not sure on how everything works but any info will be gladly appreciatedSince you're not sure how anything works, read up on the market and get the basics down before you plunk money into any stock.
MugenCrx
10-09-2009, 01:14 PM
Ive been reading alot and understand some portions of it what guides have you guys been using quality books,websites,blogs,etc....?
SampaGuy
10-09-2009, 02:53 PM
Made $140 today!!! Should have made $200 but decided to play it safe to make up for other losses. Sold all HDVY.
Mugencrx, check out investopedia.com
MugenCrx
10-09-2009, 11:36 PM
Mugencrx, check out investopedia.com
thanks for the site will be reading
thanks for the positive feedback i want to be able to spend a lil cash here and there i plan on starting around $300 and grow from there what stock should i choose for quick gains? penny stock? not sure on how everything works but any info will be gladly appreciated
Is this $300 critical? Check out www.mystockbuddy.com, there are some good references as well as stock picks on there.
MugenCrx
10-10-2009, 09:58 AM
no its just cash to spend
no its just cash to spend
I'd say check out BIEL then, good things to come by the end of the year.
Its bad that I look forward to the week just as much if not more than the weekend.
95alty
10-11-2009, 02:02 PM
Tony we need to meet up over some lunch or something and get me rolling on this ball
Any time after this month.. its hectic right now but I'm always down to get people going.
ironchef
10-11-2009, 03:09 PM
Its bad that I look forward to the week just as much if not more than the weekend.
I agree. I used to hate Monday mornings, now I look forward to them.
I agree. I used to hate Monday mornings, now I look forward to them.
Holidays where the market is closed.. I hate em. Especially little rinky dink holidays where I still have to go to work.
SampaGuy
10-11-2009, 08:21 PM
Yea I'm always busy during the week, and when I finally have time on the weekends the market are closed.
ironchef
10-12-2009, 09:41 AM
Sold a covered call on FAZ this morning for this month's expiration. So, if I don't get called out of it by Oct 17th, then that will have basically been a free profit (aside from commissions). Interesting!
CXM is shining in my portfolio again. Bought @ 1.47 last week and its pushing the 2.00 range now. Results of their clinical trial should be out thursday, if all is well a 4.00pps is possible. At that point I sell and ride free shares.
Looks like ASFX is making a rebound, gl to those who are still holding.
ironchef
10-12-2009, 12:42 PM
Damn it asfx LOL. Could've bought in at .02ish this morning, now its at .0335 :(.
Pdmi is the one I wish I could have bought friday.
Danny
10-12-2009, 02:12 PM
anyone long silver or gold?
anyone long silver or gold?
SVM was one that I held @ 2.50 before it ran to current levels. I haven't delved into silver or gold so I'm never comfortable holding them. I am long on CPRK though.
95alty
10-12-2009, 02:32 PM
Tony dude whats the deal with some military related stocks because i get the news on new stuff all the time
Danny
10-12-2009, 02:41 PM
wtf just happened, the afternoon tank
Tony dude whats the deal with some military related stocks because i get the news on new stuff all the time
Havent really found any that caught my attention as of yet but I'll definitely keep a look out.
Lessons learned today..
When those funds clear from a previous trade and that money is burning a hole in my pocket.. just sit on it instead of forcing a new position. Case in point, had about $1500 left over from profits in ASFX last thursday. The money was to go into a new position or CBAI at a really good entry point but I couldn't be patient. PDMI was on my radar but I overlooked it and bought CBAI at around .0090, now CBAI is at .0072 and PDMI went up 94% today.
In a nutshell, patience pays.
ironchef
10-12-2009, 04:46 PM
Lessons learned today..
When those funds clear from a previous trade and that money is burning a hole in my pocket.. just sit on it instead of forcing a new position. Case in point, had about $1500 left over from profits in ASFX last thursday. The money was to go into a new position or CBAI at a really good entry point but I couldn't be patient. PDMI was on my radar but I overlooked it and bought CBAI at around .0090, now CBAI is at .0072 and PDMI went up 94% today.
In a nutshell, patience pays.
Definitely a major lesson. I've learned that the hard way as well. Its not right to always be in some sort of position, nothing wrong with just sitting on cash for a while.
Sidenote - I hate ASFX cause I can't figure it out lol.
drpepper14
10-12-2009, 08:03 PM
im glad asfx is going back up, but I sold it today and have moved everything over to biel and pdmi. Once BIEL sees fda approval I will be moving all of that into pdmi and ignt for the next month.
Hope to see .03-.10 in each one of those which will hopefully put me into the high 6-figure to 7-figure range. I can only hope lol
Verik
10-12-2009, 08:18 PM
just curious, how many of you people trade with stock options rather than actual stocks?
just curious, how many of you people trade with stock options rather than actual stocks?
I havent touched options yet, I think there are a couple here who do.
ironchef
10-12-2009, 08:34 PM
just curious, how many of you people trade with stock options rather than actual stocks?Made my first options trade today.
Danny
10-12-2009, 10:04 PM
Made my first options trade today.
Ha remember that options seminar we went to like 4 years ago?
I went long with silver options the other day, decided to dabble my toes in that market..
ironchef
10-12-2009, 10:42 PM
Ha remember that options seminar we went to like 4 years ago?
I went long with silver options the other day, decided to dabble my toes in that market..Haha yea. Theres a couple coming up that I want to go to, but I have class when they're happening.
David88vert
10-13-2009, 07:03 AM
What system are you using for your trading? And are you using that for your research or going elsewhere for info? I hardly use my Ameritrade account, but need to start focusing on improving it.
What system are you using for your trading? And are you using that for your research or going elsewhere for info? I hardly use my Ameritrade account, but need to start focusing on improving it.
I go to various sources, yahoo finance, mystockbuddy, investorshub for level 2. I also use these to find new picks as well
If you can get in early on CXM tomorrow there might be a good 10%+ profit in it before the end of the day. Just a heads up..
The rest of my portfolio, stagnant today. A lot of waiting around for stuff to start moving and it just goes back to that thing of patience pays. A stock I held this past summer went up 132% today, so as much as I want to chase the movers I'm just going to stick to where I am.
A couple of noteworthy penny's here:
On 6/29/09, ADVENTRX Pharma (AMEX: ANX) ($0.12) stated that it has re-started the final manufacturing activities related to submitting an NDA for ANX-530 (vinorelbine emulsion). In addition, the Company will continue to evaluate the data from its recently completed bioequivalence study of ANX-514 (docetaxel emulsion) and plans to seek a meeting with the FDA to discuss the results. Both of these compounds represent novel emulsion formulations of currently marketed chemotherapy drugs. Navelbine and Taxotere are intravenously-injected chemotherapy drugs commonly used to treat solid tumors.
ANX believes the current formulations of these drugs have limitations that present opportunities for improvement and is developing novel ways to formulate the active ingredient underlying each of these drugs in a way that may improve their safety profiles without adversely affecting efficacy. On 8/12/09, ANX announced that the Company expects to complete and submit a New Drug Application (NDA) for ANX-530 to the FDA later this year.
On 8/24/09, Bioniche (TSX: BNC.TO) (OTC: BNHLF.PK) (US$0.47) announced that recruitment has been completed in its Phase 3 registration trial evaluating Urocidin in the treatment of non-muscle-invasive bladder cancer that is refractory (unresponsive) to the current standard immunotherapy - Bacillus Calmette-Gu�rin (BCG). The Data Monitoring Committee (DMC) held its ninth meeting regarding this clinical trial last week and has recommended that Bioniche "continue the trial unmodified until the next scheduled or triggered meeting." The next scheduled meeting of the Committee is scheduled to occur in October with a 10/31/09 estimated date for this entry for a possible update.
Data from the full cohort of 105 high-grade bladder cancer patients from this trial, coupled with additional safety information to be collected from a second clinical trial that is expected to start later this year, will be used to support regulatory submissions under the FDA's Accelerated Approval program. Bioniche is working with its new licensing partner, Endo Pharma (NASDAQ:ENDP) on setting up clinical trial sites for a second registration trial that will directly compare the efficacy and safety of Urocidin with BCG in the first-line treatment of non-muscle-invasive bladder cancer.
On 6/24/09, Cell Therapeutics (NASDAQ: CTIC) ($1.15) announced that it completed the submission of the New Drug Application (NDA) to the FDA for pixantrone to treat relapsed or refractory, aggressive non-Hodgkin's lymphoma (NHL). On 5/5/09, CTIC announced that pixantrone is available on a named-patient basis for use in Europe to treat patients with aggressive NHL that has either relapsed or is refractory to standard treatment options. On 9/5/09, CTIC announced that the FDA established a PDUFA action date of 4/23/10 (representing a standard, 10-month review designation) for pixantrone as a potential treatment for relapsed or refractory aggressive non-Hodgkin's lymphoma (NHL).
CTIC estimates that pixantrone could be available to patients in the U.S. during early 2Q10 if approved by the FDA. On 9/16/09, CTIC announced 18-month follow-up data on Phase 3 study of pixantrone in Late Stage Relapsed or Refractory, Aggressive Non-Hodgkin's Lymphoma which Continues to Demonstrate Significant Improvement in Complete Remission and Progression Free Survival Over Standard Chemotherapy and a 3.3-month Improvement over Standard Chemotherapy in Median Overall Survival. CTIC plans to submit these updated safety and efficacy data to the FDA as part of the 120-day update for its pending pixantrone NDA.
On 7/29/09, CTIC announced that it was notified by the European Medicines Agency (EMEA) that pixantrone is eligible to be submitted for a Marketing Authorization Application (MAA) through the EMEA's centralized procedure. CTIC will request a meeting with the EMEA to discuss the submission of the MAA for pixantrone to treat aggressive non-Hodgkin's lymphoma (NHL) in the EU member states. On 9/15/09, CTIC announced that it submitted a Pediatric Investigation Plan (PIP) to the European Medicines Agency (EMEA) as part of the required filing process for approval of pixantrone for treating relapsed or refractory, aggressive non-Hodgkins Lymphoma (NHL) in Europe.
CTIC initiated the process of obtaining marketing approval in Europe in July, 2009, for the treatment of relapsed or refractory aggressive Non-Hodgkin's Lymphoma (NHL). CTIC anticipates the formal Marketing Authorization Application (MAA) filing in 2010 (with an estimated 3/31/10 date for this entry) following approval of the pediatric investigation plan which was submitted to the EMEA earlier this month. CTI would be granted 10 year market exclusivity in Europe if the MAA is approved.[/I]
On 7/7/09, CEL-SCI Corp. (AMEX: CVM) ($1.38) provided the following updates in a letter to shareholders. The Company�s three business units include: (1) Vaccines/treatment: H1N1 (swine) and other influenza viruses, as well as a vaccine for rheumatoid arthritis; (2) Late-stage non-toxic cancer immunotherapy, Multikine, designed to make the first cancer treatment more successful; and (3) Unique contract manufacturing services using new manufacturing facility.
CVM recently completed its $22 million manufacturing facility, which is expected to be validated within the next three months (i.e. during fall 2009) for the manufacture of Multikine for the Company�s pending Phase III trial and subsequent sale if approved for marketing and stated that the validation of this facility is a critical step to starting the pivotal Phase 3 trial for Multikine. CVM stated that the Phase 3 study protocol was designed in consultation with the FDA and is expected to enroll about 800 patients to assess overall patient survival as the primary outcome. The Company also stated that the FDA has granted Multikine Orphan Drug status in the USA, and (if the Phase 3 study is successful) Multikine would be on course to become the recommended first-line treatment for head and neck cancer.
On 6/1/09, Chemgenex Pharma (OTC: CXSPY.PK) (ASX:CXS) (AUD$0.735) announced that the latest data from its pivotal study of omacetaxine in patients with T315I-positive chronic myeloid leukemia (CML). Data were presented from 66 patients: 40 in chronic phase, 16 in accelerated phase and 10 in blast phase. Highlights of the data were: (1) Chronic phase patients: Complete hematologic response (CHR) rate of 85% with a median response duration 8.9 months; Major cytogenetic response (MCyR) rate of 15% with a median response duration 6.1 months. (2) Accelerated phase patients: CHR rate of 31% with a median duration 4.1 months' MCyR rate of 6% with a median response duration 1.8 months. (3) Blast phase patients: CHR rate of 20% with a median duration 3.3 months. Investigators reported that omacetaxine is generally well tolerated, and that the most common side effect is reversible and transient myelosuppression.
On 9/9/09, ChemGenex announced that it completed the submission of its New Drug Application (NDA) to the FDA for OMAPRO (omacetaxine mepesuccinate) in the treatment of patients with chronic myeloid leukemia (CML) who have failed treatment with imatinib and who have developed the Bcr-Abl T315I mutation. OMAPRO has received Orphan Drug designation in the U.S. and in the European Union, and has received fast track status from the FDA. If the FDA designates a priority (six-month) review, the estimated decision date is 3/9/10.
On 8/7/09, Cytomedix (AMEX:GTF) ($0.56) announced the filing of a 510(k) pre-market notification with the FDA seeking marketing clearance to market its AutoloGel Platelet Separation System for use in orthopedics. The application includes the option of mixing of platelet-rich plasma (PRP) derived by the AutoloGel System with auto-graft and/or allograft bone, intra-operatively, prior to application to an orthopedic site as deemed necessary by clinical use requirements. The AutoloGel System is already cleared by the FDA for use on a variety of exuding wounds. The Company is pursuing a multi-faceted strategy to penetrate the chronic wound market with its AutoloGel System. The 12/7/09 date for this entry is a four-month review estimate since the FDA does not issue decision deadlines for medical device submissions.
As of its corporate presentation dated 8/21/09, Derma Sciences (DSCI.OB) ($0.70) reported that it continues to move forward with a Phase 2 clinical trial of DSC127, which has the potential to be only the second approved drug on the market for accelerated wound healing. The Company stated that 33% of patients are currently enrolled in a Phase 2 diabetic foot ulcer study. DSC127 (which is an analog of a naturally occurring peptide called Angiotensin that has been shown to increase keratinocyte proliferation, increase extracellular matrix production, and increase vascularization) was licensed from the University of Southern California during 4Q07 and patient enrollment for a Phase 2 study began during 4Q08.
This study of 75 patients will look at the percentage of diabetic ulcers completely healed over a 12-week period in addition to other outcomes. Histological examination reveals that DSC127 accelerates collagen deposition six-fold and the patented amino acid peptide optimizes the wound healing capabilities of Angiotensin while removing all blood pressure effects of the compound. The Phase II results for the DSC127 Diabetic Ulcer trial are scheduled for release during early 3Q10, with an estimated date for this entry of 7/31/10.
Discovery Labs (NASDAQ: DSCO) ($1.07) held a teleconference on 9/29/09 with the FDA which established an approach to potentially resolve the remaining primary issue that Discovery Labs must address to gain U.S. marketing approval of Surfaxin (lucinactant) for the prevention of Respiratory Distress Syndrome (RDS) in premature infants. The meeting focused on Discovery Labs' plans regarding optimization and final method validation of its fetal rabbit Biological Activity Test (BAT, a quality control and stability release test) and a proposed limited Surfaxin clinical trial design, which would simultaneously employ the newly-optimized BAT. At the meeting, the FDA indicated that the Company�s proposed program to optimize and validate the BAT is reasonable.
The program is intended, among other things, to confirm that the BAT can adequately distinguish change in Surfaxin biological activity over time. As a result of the meeting, DSCO believes that it has reached an understanding with the FDA and is confident that it will be able to optimize the BAT to the satisfaction of the FDA. Discovery Labs intends to employ the optimized BAT in conjunction with all of the Company�s KL4 surfactant pipeline programs, including the potential limited Surfaxin clinical trial. DSCO expects to finalize a protocol and anticipates submitting it to the FDA in mid 4Q09 (with an estimated date for this entry of 11/15/09 based on this guidance).
Danny
10-13-2009, 06:57 PM
Pretty uneventful. My gold is up a hair, while my silver and silver options netted zero for the day. I think silver may be building a base here and hopefully will continue upwards soon.
Danny
10-13-2009, 11:01 PM
Maybe tomorrow wont be quite so boring, in a good way i hope.
October, 14th
8:30 AM Export Prices ex-ag. Sep
8:30 AM Import Prices ex-oil Sep
8:30 AM Retail Sales Sep
8:30 AM Retail Sales ex-auto Sep
10:00 AM Business Inventories Aug
2:00 PM FOMC Minutes Sep
Expecting good things on my side as well, GL to you tomorrow Danny.
Danny
10-14-2009, 12:00 AM
Thanks tony, what plays are you goin for tomorrow?
Danny
10-14-2009, 12:03 AM
whoa just checked silver. Hong kong market already has silver up to 17.98! Lets hope it keeps going through London and on to NewYork!
I think tomorrow may be interesting for everyone. Inless your long USD of course:D
drpepper14
10-14-2009, 01:02 AM
I'm in heavy on pdmi now. A few million shares there, and it should easily see .03-.05 in the next month.
If you have extra cash tomorrow, it should see a dip which would be a very good entry point after it ran about 95% 2 days ago and around 20% today.
whoa just checked silver. Hong kong market already has silver up to 17.98! Lets hope it keeps going through London and on to NewYork!
I think tomorrow may be interesting for everyone. Inless your long USD of course:D
How is it looking this morning? I'm expecting phase II results from cxm but I may go long on this one since they're expecting some good things in the long term.
Danny
10-14-2009, 08:37 AM
better than expected retail sales this am. hope this helps the market along.
Silver and gold didnt do so well this morning, back down to NY levels of yesterday.
MarcTheNarc
10-14-2009, 10:46 AM
What's with the drop in CXM? It seems like they released good news, is this just a normal pattern before the conference call/webcast this afternoon?
Sorry if I'm asking noob questions, I'm just kind of starting to dip my feet into this stuff.
What's with the drop in CXM? It seems like they released good news, is this just a normal pattern before the conference call/webcast this afternoon?
Sorry if I'm asking noob questions, I'm just kind of starting to dip my feet into this stuff.
Not a noob question, this is actually something I explained to some seasoned investors. With stocks like CXM where a big date is anticipated a lot of short term investors play the run up. The idea is buy on the run up, sell on the news. And rightfully so, had you bought last week you wouldve sold with a 40 percent profit. So what you are seeing today is a massive selloff on the news which every investor I talked to said they were going to do anyway, no big suprises. BDSI is another one that did this.
Here's the thing, I form my strategy when I bought, I wouldn't sell short for anything lower than 3 dollars, otherwise my strategy is long term, this is only phase II results released today. With these good results the company moves forward to phase III then fda, learning what I have since I've been investing I'm very comfortable with my investment, the price drop and the future of this company. Patience pays and once the short term investors are shaken off this stock will start moving again.
MarcTheNarc
10-14-2009, 12:17 PM
I see. That's actually a simple principle, just not something I would have thought of. It does make sense though, I appreciate the info.
Any time, with CXM I did think about selling above 2, wait for the selloff and buy back in to add about 25 percent more shares but I didn't want to risk missing a run. Either way I doubled my shares @ 1.42, a nice point to buy at.
I did learn a few thins on this play, one I've learned how to control emotion. Months ago I wouldve sold today and after missing opportunities due to panicking I feel like I got a good hold on that. I've also learned if you're going to sell on the news, sell a day or two before not the day of.
Next on my list is CTYX, big things to come in the future.
Danny
10-14-2009, 03:11 PM
ya hoes :D
Danny
10-14-2009, 03:24 PM
Not a noob question, this is actually something I explained to some seasoned investors. With stocks like CXM where a big date is anticipated a lot of short term investors play the run up. The idea is buy on the run up, sell on the news. And rightfully so, had you bought last week you wouldve sold with a 40 percent profit. So what you are seeing today is a massive selloff on the news which every investor I talked to said they were going to do anyway, no big suprises. BDSI is another one that did this.
Here's the thing, I form my strategy when I bought, I wouldn't sell short for anything lower than 3 dollars, otherwise my strategy is long term, this is only phase II results released today. With these good results the company moves forward to phase III then fda, learning what I have since I've been investing I'm very comfortable with my investment, the price drop and the future of this company. Patience pays and once the short term investors are shaken off this stock will start moving again.
essentially the efficient-market hypothesis at work.
Selling on news is common and so is selling into a run. Normally they happen together.
Some food for thought, and again i dont know the stock. But with all the better than expected PRs the last day or two could have raised investor expectation of today's PR, when the PR came out investors found that it was inline with their last week expectations they were forced and was not as good as their current expectations then the stock price will decline. Then you throw in emotional sell offs, profit takers, and people trying to secure profit or minimize losses, and a few bad rumors around the message boards and you have the workings for a shatty day :D
Just some food for thought presented to you in a probably poorly structured paragraph thats difficult to read :D lol
Danny
10-14-2009, 03:52 PM
Check this out. No bueno for the dollar guys.
essentially the efficient-market hypothesis at work.
Selling on news is common and so is selling into a run. Normally they happen together.
Some food for thought, and again i dont know the stock. But with all the better than expected PRs the last day or two could have raised investor expectation of today's PR, when the PR came out investors found that it was inline with their last week expectations they were forced and was not as good as their current expectations then the stock price will decline. Then you throw in emotional sell offs, profit takers, and people trying to secure profit or minimize losses, and a few bad rumors around the message boards and you have the workings for a shatty day :D
Just some food for thought presented to you in a probably poorly structured paragraph thats difficult to read :D lol
I've thought about that, the expected PR already factored into the price. Either way I am sticking with it, too much of an upside for me to sell right now.
On a side note, anyone familiar with SNDY? I put it on a watch list yesterday and I dont know where I researched it at but it jumped 100% today. Glad the market has made news with its movement today.
BZCN, this is one we mentioned earlier in this thread.. is there life in this stock now? Ironic that I sold my last 350k shares this morning.
SampaGuy
10-14-2009, 10:50 PM
Danny these are shitty pics I took with my phone when I was in Frankfurt. The giant Euro sign (the one in your avatar) and the stock exchange.
http://i73.photobucket.com/albums/i224/petervietor/Photo-0048.jpg
http://i73.photobucket.com/albums/i224/petervietor/Photo-0049.jpg
/threadjack
Danny
10-14-2009, 11:59 PM
Haha, thats bad ass! How was it there, i bet its amazing. I wanna go on a trip so bad.
How bout lets find a stock that will fund (or partially fund) a trip to the euros? IA investors club trip haha. Thanks for the pics man!
Danny
10-15-2009, 12:01 AM
3 days, basically sitting at this same price level. Is it building a base and going to move up, or is this one really long top/resistance it cant break...hmmm
drpepper14
10-15-2009, 01:20 AM
alright well after talking to a few people, one in particular that I met on the yahoo boards, pdmi is going places, and soon.
It is being compared to the early stages of biel and is currently at .0055. When I originally posted it, it was around .0017
The new outlook is the .05-.10 range short term and this guy normally is spot on.
He also recommended HDVY for a long term play and says it could easily be the next VRMLQ if not bigger (if you don't know why that is huge, go look at the past month or so in VRML and then tell me you don't want in on HDVY)
Consensus among some longs in BIEL is that they will be selling upon this weeks PR. The word i've gotten on biel's pr this week is that they will be planning a move to OTC, and this should be announced by Friday. However, it appears that FDA approval will probably not come until December now (another FDA hold up) and Biel will likely trade sideways/down until then, so if you have a large position in it...do what you must, but I've been told by quite a few investors that millions of long shares will be sold this week.
So, PDMI, HDVY, PWRM, and CTIC are my plays for the next few months. CTIC will likely see .79 in December and upon FDA approval it will see $8-$14 so you do the math on the return in that one.
3 days, basically sitting at this same price level. Is it building a base and going to move up, or is this one really long top/resistance it cant break...hmmm
If I could look at the chart and tell that for sure I'd be well on my way. I'm still trying to grasp reading the charts in depth like that.
alright well after talking to a few people, one in particular that I met on the yahoo boards, pdmi is going places, and soon.
It is being compared to the early stages of biel and is currently at .0055. When I originally posted it, it was around .0017
The new outlook is the .05-.10 range short term and this guy normally is spot on.
He also recommended HDVY for a long term play and says it could easily be the next VRMLQ if not bigger (if you don't know why that is huge, go look at the past month or so in VRML and then tell me you don't want in on HDVY)
Consensus among some longs in BIEL is that they will be selling upon this weeks PR. The word i've gotten on biel's pr this week is that they will be planning a move to OTC, and this should be announced by Friday. However, it appears that FDA approval will probably not come until December now (another FDA hold up) and Biel will likely trade sideways/down until then, so if you have a large position in it...do what you must, but I've been told by quite a few investors that millions of long shares will be sold this week.
So, PDMI, HDVY, PWRM, and CTIC are my plays for the next few months. CTIC will likely see .79 in December and upon FDA approval it will see $8-$14 so you do the math on the return in that one.
What are you expecting out of hdvy and pwrm? I got into ctic back when it was .80, if it drops back to those levels I will back the truck up and load it up. CTIC would be a no brainer at that price.
drpepper14
10-15-2009, 11:53 AM
Not exactly sure on pwrm just yet, but hdvy has an agreement with abbott labs just like VRMLQ + another lab...so in the next 2-6 months expect $15+
I hope someone listened to me last night and bought pdmi, its up another 43% as I type this and could push over .01 today (bought at .0017 last week)
Also, as there is still no fda news on biel, it broke into the .06 range today for the first time in a while and I feel it will retest that support a few more times
Verik
10-15-2009, 02:07 PM
If I could look at the chart and tell that for sure I'd be well on my way. I'm still trying to grasp reading the charts in depth like that.
r and s values are based on fibanocci calculations. while relevant graph's, you have to understand the fundamental of the math because a single graph could certainly mean more than one thing in relation to resistances and support. i'm not quite sure on what "basis" other than just looking at trend, that danny is saying this is a foundation and not just meeting a high resistance.
i bring this up because i know bzcn was mentioned somewhere in this thread..... but they are up 90% for today so far
ironchef
10-15-2009, 04:07 PM
Man I've just been on the wrong side of the every trade I've done this week. Need to go into cash tomorrow, and just clear the table and start over =\.
Man I've just been on the wrong side of the every trade I've done this week. Need to go into cash tomorrow, and just clear the table and start over =\.
What happened?
r and s values are based on fibanocci calculations. while relevant graph's, you have to understand the fundamental of the math because a single graph could certainly mean more than one thing in relation to resistances and support. i'm not quite sure on what "basis" other than just looking at trend, that danny is saying this is a foundation and not just meeting a high resistance.
i bring this up because i know bzcn was mentioned somewhere in this thread..... but they are up 90% for today so far
I appreciate it, I kind of see what is being explained. As it raises its meeting the resistance that sends it back downard, but the graph is relatively level so there may be a base forming has it jumps up then trends backward. Correct me if I'm wrong here.
ironchef
10-15-2009, 04:14 PM
What happened?Just been making bad calls, being impatient, messing up my timing, every mistake in the book.
Yeah at that point sometimes I'll just pull my money out and stop. Its real easy to get into a rut and continually digging that hole deeper and deeper. I'd feel bad if its due to any advice I've given here and I hope that is not the case (CXM has taken a BEATING this week)
Something that has helped me is to remove the emotion out of it and not buy into hype, even when the hype is legit. PDMI, I saw that stock at .0017 and could have bought if funds were available, now I could have been up $6500 this week alone but I am actually down. Am I mad about that? Not in the least, my problem was trying to follow the market rather than letting it come to me. I know everyone has different strategies but I've began to feel a lot better when I've invested my money in companies I truly believe in and take a long position rather than getting caught up in the day to day dealings.
You certainly know what you're doing, I'm just posting this for the quiet folks who don't post in the thread but read what we post.
ironchef
10-15-2009, 04:26 PM
Yeah at that point sometimes I'll just pull my money out and stop. Its real easy to get into a rut and continually digging that hole deeper and deeper. I'd feel bad if its due to any advice I've given here and I hope that is not the case (CXM has taken a BEATING this week)
Something that has helped me is to remove the emotion out of it and not buy into hype, even when the hype is legit. PDMI, I saw that stock at .0017 and could have bought if funds were available, now I could have been up $6500 this week alone but I am actually down. Am I mad about that? Not in the least, my problem was trying to follow the market rather than letting it come to me. I know everyone has different strategies but I've began to feel a lot better when I've invested my money in companies I truly believe in and take a long position rather than getting caught up in the day to day dealings.
You certainly know what you're doing, I'm just posting this for the quiet folks who don't post in the thread but read what we post.Yea the emotion is a big part of it. Gotta become stone cold lol.
What I will be buying next week:
CTYX far below their 1 year low and due for a recovery, HDVY I'm considering.. not 100% there but I'll probably end up buying, CYSG and PDMI if I can catch a good pullback on either one.
These are all spec plays, short term used to bolster my long positions should they pay off.
ironchef
10-15-2009, 07:54 PM
PDMI is definitely interesting. 3 straight days now of about 500 million in volume. Typically it would only be 1 day like that, so it makes me think that PDMI could do a BIEL type run.
ironchef
10-16-2009, 01:16 PM
Picked up some PDMI today at .0053.
I was on the road all day so all I could do was check prices and that's it. What pattern I am seeing in pennies is that people don't seem to want to hold their positions going into the weekend, so there is a selloff putting a lot of micro pennies in the red.
Danny
10-16-2009, 10:42 PM
I was on the road all day so all I could do was check prices and that's it. What pattern I am seeing in pennies is that people don't seem to want to hold their positions going into the weekend, so there is a selloff putting a lot of micro pennies in the red.
absolutely.
dont forget lunch "hour" too.
absolutely.
dont forget lunch "hour" too.
With that said I might start buying on friday to accmulate on long positions then.
drpepper14
10-18-2009, 02:23 AM
ill be bringing a big pick tomorrow night/monday morning, so be prepared. It should become a once a week thing now that i'm in a small investment group that has a large following and I have yet to see one of their picks be wrong.
Got to love the art of networking.
ill be bringing a big pick tomorrow night/monday morning, so be prepared. It should become a once a week thing now that i'm in a small investment group that has a large following and I have yet to see one of their picks be wrong.
Got to love the art of networking.
Just wanted to take a stab at it, haveasoul?
Powered by vBulletin® Version 4.2.2 Copyright © 2025 vBulletin Solutions, Inc. All rights reserved.