Looks like BAC and AIG had a good week too, something in me told me that the financials would have a nice bounce eventually.Quote:
Originally Posted by ironchef
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Looks like BAC and AIG had a good week too, something in me told me that the financials would have a nice bounce eventually.Quote:
Originally Posted by ironchef
Yea financials are always good for nice swing trades. I think in the coming weeks they will stabilize a little, and maybe drop down. At which point, I'd look to pick them up, and playing the 3Q earnings run.
Havin a convo with a good source this weekend, so we will see where I lie with LLBO on monday.
Thinking of dropping it to get into BIEL and BZCN a little more. Thinking I might be stacking back up on BIEL for the time being just to recoup some losses on LLBO since it is pretty much a great investment at this point in time. Will see .20 to .50 here in the next month or two and then I will invest some more into BZCN
However, this all depends on how my conversation goes with this guy and after crunching some more numbers in comparison to time frames. Don't want to put too much into BIEL and miss the opportunity to load up on BZCN before it takes off.
New goal is 15 to 20 million shares of BZCN before the next financial reports are released. If that happens, .12 might be my new exit point to lock in some nice profits...if not, i'll probably still try and ride to .25-.30.
I'm thinking .12 might be my breaking point with BZCN too.. I was telling my fiance that earlier. It would be hard to see it hit .12 and then hold out for .25.
I'd like to load up on BIEL but the ROI with BZCN would be so much better and I believe we're close to the botton with BZCN.
Picked up some FRE this morning at 1.22, sold at 1.35. Nice, quick 10%, w00t.
Looks like I sold FRE a little early, upto $1.68 now. Oh well, can't complain about profit though. Hardest lesson to learn in trading.
Not much action for me today, just did some buying adding to my current position.
Sold LLBO and added to current position in BZCN and picked up 1.5 million AMNE...due for a big pop by next week and has a pretty high potential to be bought out in the range of $1-$5
Currently trades @ .0013
Be careful with AMNE, they just did a forward split which put 10 times the number of shares out there than there was before. With the number of outstanding shares a large gain will most likely be a pump and dump rather than a legitimate run.
I thought about adding AMNE but the dilution just has me hesitant, when all of the additional shares are distributed I believe there will be a rise but its hard for me to see it as a long term investment. If its still around .0013 friday I'll pick up some shares with a serious limit order in place.
Well, I have officially gotten cold feet with HEB and sold off more than half of my remaining shares.
In other news, I had about 500 shares of Freddie Mac that I didnt dump in time before the freefall. I knew that with the current administration that Freddie wouldnt fail so I decided to keep what I had and see what happened. It jumped .95 today (128%) to bring my total profit to about 16%. I plan to sit for a couple more days to see if it continues to trend upwards. I have a feeling that another month or 2 with better than expected home sales will be coming and freddie will be there to see the profits from it.
I somewhat disagree with your stance on AMNE, Tony.
They didn't dilute (like LLBO is doing BIG TIME), but rather kept the stock holder's interest in mind by doing the 5:1 Forward split which is a set number of additional shares, with no more dilution to come.
Most people have their shares already and the price is still steady which is a good sign that something is going right. Every forward/reverse split i've seen lately has caused a massive tanking of the pps the following days.
They are also about to become a partner with Alderman Research, which also partners with owens corning (the possible buyout candidates)
I'm going to keep a very close eye on this one and not hesitate to take profits when I can, but I honestly see this having a much larger upswing than BZCN in the near future.
I certainly hope you're right and I'm wrong.. which wouldn't be the first time that has happened. In for the eventual pop next week.
Bought 5050 of FNM this morning at $1.0715, sold it at $1.296. Nice 20% in 20 minutes :).
Has anyone looked at AGIBY its an irish bank i bought in at .09 and now is up to .79 at end of yesterday. i haven't been in market for long just like to play a little bit. from what i have read seems to be the best of the worst in the irish banking world. Pretty sure they hold most if not all of the property mortgages in the country makes it kinda hard to lose out...
Good info should be coming out in the next week or two with AMNE...looking to make some decent money, currently holding almost 7 million shares.
Plan is to get out in the next few weeks and catch BIEL on the run before FDA approval is announce and then transfer profits to BZCN to wait for financial statements @ the end of the year.
Short term goal is to pull around 200k in profits before the new year, we will see what happens
Hate to say it, but i'm happy that BIEL, AMNE, and BZCN are trading sideways for the time being.
Gives me time to invest more money into AMNE especially @ this level before it pops next week. good info that there is a large announcement coming on monday for BIEL, but I hope not so I have time to transfer AMNE profits into it.
We will see how it goes. Worst case scenario I will still make some nice money on an AMNE pop and then just get into BIEL on the run up
I've been away from the computer the past couple of days so I am not caught up on everything that is going on. I'd like for these things to stay as low as possible till I have the position I want but I doubt that will happen, well maybe with BZCN. I didn't get a chance to buy AMNE and I am still holding BIEL to see what happens, hopefully next week is a better week.
I think if you can buy AMNE at .0012, which is pretty easy right now, then you are in a really good position for this week/next week's pop
You've got a month or maybe almost 2 to get into BZCN. Financials is what moves that company.
BIEL, it is possible it explodes this week
What about AMNE makes you think it will explode?
coming announcement of further expansion into more states, and once they announce all shares are settled from the forward split then things will start moving again.
I like it for the simple fact that even after a split, this stock is trading sideways and up
TYRIA is next on my list, nice earnings report that just came out and should go up to the .0025 - .0030 range.
Currently at .0004
I think I'm going to start dedicating more time to stocks. I took it up back in April, but I fell off of it due to being overwhelmed and occupied with other shit. I think this coming semester will be good for me to learn what i need to know, and refresh my memory on what I thought I knew.
Just checking in with everyone.
AMNE has an awesome base formed now and should see .01 to .02 soon.
BIEL is now completely debt free and has 510k filings and an FDA approval coming soon.
BZCN is still sitting low, right where it should be, poised to explode when earnings come out and Christmas rolls around
Still sitting on BZCN, I was going to buy today @ .0009 but I went with TYRIA, 2.96 million shares. The thing I like about this company is the share price does not reflect the value of the stock, and the company is a legit one that generates revenue, they just do not hire a PR firm to pump the price up, they let their financials tell the story.
BIEL I am holding as well, i figure this is just that in between time where you watch trhe prices go up and down while holding.
Rough week, that is all I can say, really rough.
Been a pretty good one for me through the first 2 days. I just purchased another 400 and change shares of Freddie Mac.Quote:
Originally Posted by tony
my week has been so-so but i'm waiting on a pop from AMNE who just revamped their website today and are making a huge sales push right now.
BZCN is still something that i'm holding off on right now until financials get closer because I see the pps falling a few more points before then.
Have a nice pick coming up in the next 2 weeks that i'm researching right now along with some other well respected investors i've come in contact with...will let you know when the time comes.
BIEL took a hit today, but I half expected it to take another drop before FDA news and 510k news hits. Inside info is that they are close to being featured on the Tyra show, and have been requested by Harpo studios to send products to Oprah for her to review for a spot on her show.
Making some good coin scalping here and there. Up 67% in about 1.5 months. It just makes more sense to actively trade and pick up 10-15% per trade, then to tie down the money waiting for the 10 bagger. Hell if you compound a 20% trade 10 times, thats already 6 times your original investment.
I had that strategy at first and I'm starting to look at past solid investments that gave 10% here and there and you're right, I'd be up much more than I am now. Hard situation now though because I'm vested in the new strategy and wont pll out for a specified amount of time. I'll go back t steady 10-15% after the holiday season.Quote:
Originally Posted by ironchef
Yea this go around I've stayed away from the pennies. Just playing big boards that get a lot of volume, i.e. C, FRE, ETFC, etc etc.
Yeah I plan on bailing on a few of my pennies at the end of the year and with the profits i'll stick mostly to high volume, established stocks to day trade...and dabble in a penny or two because they sure are exciting
AIG....
reverse split. lulz
Just got off the phone and scored an interview next week for an internship at a private hedge fund... fuck yeah. Wish me luck, then if i learn anything ill share it with you guys haha.
Quote:
Originally Posted by plv
Congrats and good luck. :goodjob:
Awesome dude, good luck. Are they in Atlanta?Quote:
Originally Posted by plv
Quote:
Originally Posted by ironchef
Yep, in a high-rise downtown on peachtree. Pretty sweet lol. Now I'm gonna brush up on any basic terminology which I might have forgotten and read the news and what not, just in case I get quizzed at the interview.
Make sure you know the Black-Scholes option pricing model, lulz. I've heard thats a very popular question.
Quote:
Originally Posted by ironchef
Shit I didn't know what that was haha. But supposedly they are "value investors", so I think I should focus more on fundamentals (company valuations, balance sheet reading, etc) rather than technical/momentum trading stuff.
Hedge Fund and value investors don't belong in the same sentence :-P.