Pattern day trader rules state that you need $25k in your account to be able to day trade nonstop. Otherwise its 3 round trip trades in a 5 day period max.Originally Posted by BanginJimmy
I am only looking at one stock right now and I wont go anywhere close to that 3 per 5 day period. I guess I should be good then.
Works for me. Now I just need to wait for the drop so I can buy in again.
I bring you guys more obscure picks tat are liable to jump.. much like CNEX which I bought in and sold wayyyyy too early. Bought CNEX @ .004, sold @ .007 and it is at .03 holding strong now.
AMSZ - Just look at the chart and the current share price. I like the structure and because of this, its only a momentum play
HYII - A company with lots of potential, share price as of date has been based off of speculation, but they are about to hit production phase and fundamentally it looks good, furthermore the float is thin.
BEDA BEDA BEDA
Short squeeze coming. Company announced they will buyback up to half of the public float in the next 2 weeks. Analyst posted a short term price goal over at .0026 today (closed at .0012)
Could see anywhere from .005-.01 in the next few weeks
Yeah I was checking out BEDA's graph earlier yesterday. Looks like a good potential, wish I was one of those in @ .0001
Yeah bottom would've been nice lol
I've got a few million at .0011 and a few more at .0016
im getting out of beda..........
lots of bad news all over hsm forum.... people been losing money over this pump and dump stock......
LOL it's not an "investment"
The catalyst here is the share buyback, and to sell at these levels would be shooting yourself in the foot. You can AT LEAST sell at .002 no doubt
Not to mention, BEDA will be seeing promotion this week from a stock promoter that will see at least 5k investors
by the way, i've been following stock message boards for a while now
The HSM board for BEDA is full of people that don't know how to trade and paid "bashers" that want this stock to go down.
If a stock is heavily shorted, companies pay bashers to help keep the pps down so that the shorts can cover their positions for a cheaper price.
Obviously it is up to you to sell, but not letting this play out over the next 2 weeks would not be a smart play IMHO
http://investorshub.advfn.com/boards...board_id=11614
Read there
and this post in particular
http://investorshub.advfn.com/boards...ge_id=46282345
well
market wire has been pushing alot of news out lately about beda.... most of it useless....
and the shareholder buy back pretty much just says up to 50percent.... they dont have to buy but 1 percent and still be ok legally....
marketwire comeing out saying this stock is worth double than its been holding at is just another bit of junk imo.... but...... i might be worng....
im shooting for a 45percent hit on this one ....... if i get it next week i will most certinly be happy but it isnt a stock im going to want to hold....
id hate to hold it till it hit 20 and cant sell a single share... lol
sell if you would like, like I said....but this will run in the next 2 weeks
If you have extra cash, or sell beda in the morning, DANR should have a nice run starting tomorrow through this week...you can bank on that one.
Make money on DANR and put it back into BEDA so you are playing with "free" money instead lol
i might just be getting cold feet..... like stage fright on a first date... lol
6 more hours
AEHR on the rise.........
beda 15 mintues and made 60 bux......... lookin ok
im holding on to beda for now..... even tho i wanna let it go... im stuck to it for now.
heres my other play... im going to hold for 5 days and start looking for my exit.
i bought
500 shares of Quest comm today as the pit.....))) i am only using this trade to cover in case beda settles to 11 this week and doesnt pull out......btw the ticker is q
fyi HXL is kicking right now.... last week i bought in at 11.22.... got cold feet and dumped at 11.02...... its at 11.40ish now and steady rising..... damn
You guys got any tips for someone to get started? Like things I should read, things I should look for?
check out zecco zirens on youtube they are to the point and very basic.....and hot
Lol...so they're chicks?
damn beda
awesome close on beda! Also picked up EIGH and CDIV today....will continue to run for a while
you da man dr pepper.....
ima check those other two out.....
i bought some quest comm (q) yesterday and some IWEB
but i think i might have screwed up buying iweb.... i dunno
so gimmie the skinny on these two other stocks.... danr took a dump imo i didnt wanna get near that one
danr was fucked up, it was/is supposed to me promoted (who knows now) but that was before the company released their 8k and basically said they gave "investors" 30 million shares to pay them back for outstanding "debts"
So one can safely assume those "investors" have been dumping those free shares and driving the price to an all time low.
Stay away from DANR, far far away.
EIGH and CDIV are what you call "float lockdowns"
Basically a group of investors have come in with strong hands and bought the entirety of the float, causing mm's to have to trade "naked" shares back in forth to keep the stock liquid. This causes the price to go up because these investors on the float and won't let up, and just add naked shares to their piles, causing the market makers to have basically NO SHARES.
These plays will run and run and run and run until the MM's cover their short positions which will cause the stock to run even harder.
These plays were called at .0007 (CDIV) and .008 (EIGH) and those investors still have their shares and then some. The MM's have not started to cover their naked short positions and conservative estimates have CDIV at $2 after they cover, and EIGH could see the same prices.
There will be swings in the stocks as market makers attempt to shake loose the investors, but ultimately they are headed up.....just take a look at the charts and see what they have done lol
CDIV .0007 entry, now .364
EIGH .008 entry, now .10
Do the math on those gains lol
CDIV at $2 would be a 285,000% gain
so my question is how do you know when these play are entered? i mean thats alot of money that a group shells out to own the float right????
An indicator for me is that initial jump, when shares start getting consumed that pps is going to rise. I know its a dumb analogy but I attribute it to driving (Its how I found KATX at .018 and CNEX at .004) that first shift from first gear to 2nd gear is that initial jump.. a strong one. You'll never get in on this jump unless you know the people who are buying initially or you're just lucky. This is the best time to buy, but it is tricky.
KATX jumped up like 400% that first time when it was around .003, I bought after then. If its a pump and dump you'll likely be holding the bag but if it is a solid investment then the entry is good. There will be consolidation, the pps may even retract but that is nothing more than profit taking, so many times I sold during consolidation only to miss huge gains so do the DD and have confidence in your investment. (CNEX went from .004 for me up to .015, retraced to .008 where I sold then flew to .036 where I missed a 900% profit)
Basically watch the movement, secure your position and have patience. I'm to the point now where I'll wait a day or two before buying after a huge gain, gives me an indication of which way things are headed.
Last edited by tony; 03-04-2010 at 09:07 AM.
Great analogy Tony, but in these cases I know about them because I know the group (and am now a member) that is initiating the lockup.
They are doing another one or 2 soon
Yeah thats one of those instances I was referring to, if you know the people buying in then that is a way to get in on the ground level. I move on analysis only which leaves me hanging on to the coat tails of those who buy in big, it definitely has its ups and downs.
Currently looking at NSTLQ for a momo play. Level 2 says absolute breakout
how bout lettin us know which ones they are dr.pepper
your killing my today dp....... killing me today.....
LOL why do you say that? When there is a short squeeze (like BEDA, EIGH, CDIV, GRNO) MM's will mess with the price to try and shake people out. Just hold your shares and wait for the run.
I will surely let you guys know the second they start the next share lockup play so ya'll can get in on the ground floor
Hope you haven't let go of your BEDA yet! Closed above previous resistance with a close at .0022 (up 29%) and had a lot of buying going on at the last major resistance .0025 which is the 200 day sma
Great run in the making
ECMH my current play.. in at .0015
cdiv
eigh
iweb
q
all closed in the green today.
i wanna get back on beda real bad but have most of my money on these stocks.....
are you still in it DP?
hows that stock doin tony?
Yes i'm still in beda, added more today at .0017
I now have:
BEDA
EIGH
CDIV
GRNO
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