Those kind of returns are what I like to see. Only activity I've had is buying MPTO, love the chart and it is at the far low end.
Those kind of returns are what I like to see. Only activity I've had is buying MPTO, love the chart and it is at the far low end.
Originally Posted by tony
http://community.smallcapnetwork.com...p/mid/3/id/96/
been seeing some bearish talk in regards to BIEL. Talking about a target price of $.056. Not quite what I expected considering their financial audit is coming up and possible fda approval. Would this be a good example of just looking at the technical's rather than the whole picture (i.e. what is going on behind the numbers?)?
I've transitioned to doing that (checking actual data than hype) more often lately.. I figured BIEL would have had the run up affect but I am starting to realize the more something is pumped and expectations are high, the hype is already factored into the price. Today I sold off 2/3rds of my holding of BIEL, it may have the expected run up but the pumping of it has become a turn off for me. 8/10 stocks that I've followed that have been pumped end up not so great, others that kind of flew under the radar with good data typically had the big break outs.. of which pumpers usually jump on the banwagon after the real profits have been taken.
Not to say anything bad about BIEL but I've seen it numerous times this year. BIEL is now a spec play, MPTO has been added long term for the potential of a couple of its subsidiaries.
for those following forex, great time to pick up a buy order. the euro finally gained some support from the fall today. I'd expect a nice turnaround in the next 24-36 hours provided no substantially great numbers come out for the dollar.
I sold all my BIEL a couple of weeks ago and I don't think I'll touch it again.
If they don't get approved than their technology doesn't work or is not safe, which means they don't have a business. It's that simple. What kind of technical analysis or forecasting method takes this into account???Technical analysis and penny stocks don't go together IMO. Only fundamentals and hype(!!!). Charts of penny stocks defy all laws of physics lol.
All of BIELs planned products are different applications of the same technology, they don't have a pipeline of different drugs with different technologies like other biotechs. All their eggs are in one basket. So if it doesn't pass, they don't have a product and have nothing to fall back on and it's game over.
2 or 3 months ago I was writing about how I don't like the fundies on BIEL in this very same thread. Then I gave in to all the hype and actually bought it lol. Not doing that again.
i was referring to how the analysis didnt simply took current numbers as is into account without reference for fda approval as even being on the horizon. does that make sense? anyways i get what you guys are saying.If they don't get approved than their technology doesn't work or is not safe, which means they don't have a business. It's that simple. What kind of technical analysis or forecasting method takes this into account???
like i stated earlier, euro is making a nice evening bounce. def was worth the buy even if i was a bit premature of the dollar peak at 1.4850
So I got a 600 page "Plan of Merger" booklet detailing CRXX's proposed merger with Neuromed, and an invitation to CRXX's shareholder meeting in Boston in the mail today. Also a ballot to vote for/against the merger, new directors, on a reverse-split, and some other issues.
I've only owned their stock for about a month and I only have like $400 in shares, I was like WTF lol. I guess now I know what people mean when they say a company does/does not look out for their shareholders. Stuff is really interesting though, I really love the real, tangible business stuff compared to the chart analysis or the speculation bullshit.
I didn't know brokers gave out our info to the actual companies even when we are pretty insignificant.
Yeah USAA is pretty good about contacting me on stuff like that. How does the outlook for CRXX look?
My portfolio is so/so, sold biel and bought MPTO in the teens, trying something new with pennies and a low float as compared to diluted pennies.
Not too sure about CRXX, I'm just holding on for now because I don't want to sell at a loss.
They have a good number of approvals that are coming (still a little far out tho) and this thing with the merger, so it will be moving, who knows which way. I don't have too much money in it so might as well just hold it.
Made another $100 today in HDVY. They've made me more money than anything else so far. Reppin GA too lol.
CIT Group filed for bankruptcy today.
On a side note, Euro has made substantial recovery in the early hours.. done nicely and holding at the 1.4830 resistance after gaining 60 pips.
Eyes on HDVY tomorrow... Thank god I didn't jump in today.
Everything has been tanking lately in the pennies it seems, HEB, CTIC, CXM.. I can't seem to get out of the red as of late.
just remember, it could be worse. patience pays off too... was down after a poorly timed long during midday highs and so I've sat for 6 or so hours in the red $2,000. Patience is paying off as the eur/usd is back at the 1.4800 mark and closing in on breaking even for that poor trade. Was very tempted to short and try to regain my losses through small grabs of 5-10 pips but I figured I'd wait it out.
ijjp is showing signs of life
Closed at .008, but did hit .011 today which was higher than it has been in the past week. Last time it ran, it took 2 days to go from .01 to .22 so hopefully something resembling that will happen soon
Got some very good news from the CEO and Investor Relations of IJJP, will share that here in a little while once I get some clarifications!
RBA increasing key rates by 25 points created a nice lil sell off for the AuD/USD. GBP has been a good safe wave to ride all day too. Now if only the damn euro would rally i could sleep soundly tonight.
Another $125 today with HDVY!!!! This is getting too ridiculous.
what is the deal with canadian currency? i've heard good things but far out of my realm
honestly, I've focus a lot on the majors (usd/jpy, aud/usd, eur/usd, gbp/usd) and due to limited capacity (or time) don't keep up on the news with other pairs. Looking at the history, it's been running a strong bull trend for pretty much the second half of october (after a continued large selloff from sept running through oct... eur/usd also had that but recovered by wk1 of oct), but triggered a large sell off about the same time as the eur/usd last week. From what i've seen, it seems gdp #'s for august came out and killed off the bullish trend of the end of oct. It seems highly correlated with commodity and specifically oil prices and risk appetites (increased demand for riskier assets such as equities and futures brings currency, a risk averse tool, into bearish trends). Thats why even though we are seeing positive numbers for the US, the eur/usd still remains in a bullish trend... good numbers also mean people are looking back at wallstreet because its growing again, its making riskier assets more attractive as well.
some big employment numbers (non farm) are coming in the next few minutes.
edit: employment numbers came out pretty bad off than expected. look for possible bull run
Ps. FOMC is scheduled to announce decision today at 2:25pm.... almost guarenteed to see % rates remain the same, thus if rates change we could see a very high unexpected increase in confidence (wallstreet would be happy). We could also see the Eur pushing 1.49 again if something that unexpected happens. Key support is still remaining at the 1.4700 and 1.4680 levels. Saw a small sell off prior to the start of the NY opening but has regained for the most part and sits at 1.4750
initial response
pushing the 1.48/1.4810 resistance now.... key R1 atm. i'm hoping for bull trend continuation here, this is the first hurdle to 1.4850.
next up is 10am with non mfg PMI which my forecast is for lower than expected (it will still be expansion, but less than the expected of 52). We all know mfg pmi increased due to ripple/trickle from automotive cash for clunkers (surprisingly high ISM PMI released 2 days ago) but non mfg saw little of those benefits.
as expected. very nice gains on the push past 1.48.
Closing in on the key resistance to a continued upward trend. 1.4850. It all depends on the FOMC as of now.
You have piqued my interest in this now. There is a site where you can make a mock investment right? I'm tired of dealing with naked shorting in the stock market.
I know a good place to start learning is babypips.com
+1, babypips is a good place to start.
there are tons of brokers out there... most offer practice/demo accounts to play around with (using actual spreads). Theres quite a few preferences (such as fixed or variable spread and which platform they use). Metatrader4 is pretty much the standard, but there are a few others which are more user friendly imo (such as oanda/fxtrade.com which uses their own java based). Also, if you are going to move real funds into the account, I'd suggest beginning with a lower than normal leverage. Standard seems to be 100:1 but i'd suggest starting at a 20:1 or maybe 50:1 if you have got a secure feel for it.
Learning about key indicators such as RSI (relative strength index) and the fibonacci retracement (no need to do yourself, simply find a place which offers solid forex information and they should have some figures for recent timeframes). FR is what establishes the s3-s1, pivot point, and r1-r3. Main concern will be with the r1/s1 mark. A good eye will look out for changes in correlated pairs too. Specific pairs (i.e. eur/usd and aud/usd) are highly correlated so big news in one can actually affect the other in off market hours (i.e. aussie market is open when ny is closed and therefore changes in the aud can influence opening market changes for the euro.).
yeah after I posted that I'm reading babypips now, having dabbled in penny's hard I'm grasping the gist of it, moving into the more detailed info now.
IMO the fibonnacci retracement thing is BS fundamentally, the only reason it works is because entire market is using it too.
Oanda/FXTrade but considering changing after getting a feel to the java. I dunno, i have mixed feelings on it. I do enjoy .9 spread though on the eur/usd
Yup. There is no empirical link between the fibonnacci ratios and the s3-r3's, but considering the "market movers" or the banks who make the price fluctuations through changes in their buys and sells generally use it as points of trade, it is key to look at the numbers and what to expect.IMO the fibonnacci retracement thing is BS fundamentally, the only reason it works is because entire market is using it too.
I guess I stated the obvious. I finished the babypips school a while ago and then I "traded" using Zecco's simulator for a bit which was cool but I've been having luck with stocks and I barely have enough time to do that right now, much less to start messing with forex.
very premature of me and loosely based on not much, but i feel the bull trend of yesterday will continue itself here at the beginning of the European markets provided the forecasts for eur retail sales m/m are on par (forecasts set at .3%, showing an expansion in the consumer markets in europe... would be a first since june). I also believe teh ECB broadcast will strongly influence today's outcomes. my long is hoping for a strong statement in confidence towards the EU future.
and for those of you wondering, yeah.... forex leads to an irregular lifestyle of habits... like mine of sleeping in the evening to wake up at midnight and stay awake through the openings of the euro and us markets... then sleep again lol
certainly been an active morning.... nothing to say so far... retail sales m/m is generally not a big indicator as france and germany have already released their numbers (and they are a significant force in the EU). Seeing some solid resistance and supports at the 1.48385 and the 1.48530 levels for quite a while. We also see a S2 formed from other lows around 1.4820 and a higher R2 near the range of 1.4880 .... My est is won't break either of those til the EU rate is announced....
well not sure it was sounded on anything empiricals that came out but slightly before the EU min bid rate we had a nice break upwards of 1.4883. Certainly was feeling good on that long I had been wavering about for a while (whether to short and simply wait for more consistent time). We may finally break the 1.49 resistance today as US unemployment figures come out and so far this week, UE forecasts for the US have been rather short of the actuals (meaning greater UE than expected). It would really be nice to see us back at the levels from a week ago with pushing the 1.50 envelope, even if it is just psychological.
Thanks for the updates, just out of curiosity because I'm still reading and doing the demo, how long do you typically stay in a position? On the graph you posted for instance, are you trading in between or holding the entire time?
EU Press conference is starting with jean claude
http://www.thomson-webcast.net/de/di...5_stream_video
Loving the ability to use technical analysis with Forex, its much more straight forward than technical analysis in the stock market. I've been at this all night trying to grasp it and I know it will take time but I'm getting a decent understanding of everything.
From what I'm seeing of technical analysis, even in downward trends you can be profitable if your timing is not necessarily perfect, but within a good ballpark?
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