Just sold it in AH, took a big hit. Oh well.
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.
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)
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)
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 nicelý.
Should we make a new thread?
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.Originally Posted by drpepper14
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.
should we ask to get an investments subsection? or would that somehow kill it? we're not that many lol
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.
I asked for it and they removed my mod status
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.
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.
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.
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.
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
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)
hopefully this week turns out to be a good week!
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
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.
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?
read and study on your own
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.
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