Registered User
Joined: 10/7/2004
Posts: 2,126
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Since the bottom in mid Feb to about .05 a share - yes that is correct -0.05 - the stock is up over 200%. It has proven to be one of the most profitable trades this year.
Excellent volume, althouth fluctuations intraday can sometimes get on the slow side. But hey who cares with a share price at .20 it is just $2000 for 10,000 shrs - you can break all the rules you want.
I maintained trades by just respecting system signal in sirus since Feb many with plenty of overnighters opened without loosing any sleep. Heck actually I think it gave me peace of mind to see that trades can go like this.
Earnings report is due on March 17 I think (double check). You will be able to pick some shares at .15 in no time.
The signal as you can see below is wide opened.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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BigBlock welcome to the world of those who trade
long in bear markets.
(with peace of mind and 20 cent stocks no less)
Who knew?
Not a lot in this space. SIRIS seems like top dog.
Folks may want to keep an eye on NTN, SORC.
Hey maybe we could start a pink sheets thread.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 2,126
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QUOTE (diceman)
BigBlock welcome to the world of those who trade
long in bear markets.
(with peace of mind and 20 cent stocks no less)
Who knew?
Not a lot in this space. SIRIS seems like top dog.
Folks may want to keep an eye on NTN, SORC.
Hey maybe we could start a pink sheets thread.
Thanks
diceman
Sirius is not OTC, and certainly there is plenty of market volume in this nasdaq GS stock.
Pink Sheets do not guarantie supply.
If you like you could start a pink sheet thread - I am sure some would use it - I wouldn't.
By the way - as we speak SIRI is up 25%.
Take care.
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Registered User
Joined: 6/6/2005
Posts: 1,157
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I think a low priced stock thread would be a great idea. Under .50c stocks or under $1 stocks?
For anyone who's interested I ran a test on stocks below .50c a while back and with hold terms of 6 months and no stop loss. Believe it or not they generate some VERY respectable returns.
But then I ran into a small problem; survivorship bias.
When I started trading it live, I had a target of 100% gain for each stock as this seemed to test most favorably. Many of the stocks I chose hit that mark within a week or two of buying them. Some within days.
Then I noticed something else. Some of the stocks dissapeared from the radar within a couple weeks of buying them! Some went over the counter, others went BK. That's when I realized that my data and test did not include stocks that went belly up or pink sheet.
All in all I broke even and stopped trading them because I didn't like the idea that I hadn't tested data that included all companies, living and dead.
Does anyone know where I might get such data -- say 10 years of market data that includes all companies, delisted and bankrupt included?
Looking forward to participating in this, especially with the amount of stocks in this area.
David John Hall
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Registered User
Joined: 10/7/2004
Posts: 2,126
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That is a great idea David. I will bring anything I think would be a stock worth considering. I would refrain so from OTBB - (no dinamics in trading, and no garantied supply being main concerns).
On the other hand, I think there are many common stock, with good tradable charateristics, and potential for good trades while consuming a small share of your capital.
Go ahead and start the thread David.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I agree with what I believe Dicemans message to be. Play with penny stocks and you lose dollars. I am not trying to start trouble just giving my honest opinion. I used to trade the lower price stocks right along side with Tobydad and others. But I have heard scary things about the real Pennies (below $1.00).
To risky for my taste. David I would be interested for curiousity reasons in your results. Somthing tells me that if your testing methodes are all encumpassing and thourough then you will be disapointed by the results. I post with some profesional traders and I have never seen their picks bellow $5.00 I do not know if that is my intent or not. I will ask some of them.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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correction "by intent" They really need an edit feature on this site...
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Registered User
Joined: 6/6/2005
Posts: 1,157
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Hi Apsll,
I agree, penny stocks are not a professional arena, but also, as Bigblock mentioned the capital commitment is low and the moves large and swift (most times).
Also, for anyone reading considering plunking everything they own into a single pennystock, that is not the type of trading being suggested here. Large and swift moves happen in both directions and can wipe out a trade as soon as not.
I'll start the thread and welcome all opinions.
David John Hall
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Sirius holding his guns today while the market took a parabolic dive.
Earnings tomorrow??
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Registered User
Joined: 2/21/2007
Posts: 797
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ATTENTION: big block and apsll both posting on the same thread and not criticizing each other. A great day in history. Now that wasn't so hard, was it?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"I think a low priced stock thread would be a great idea."
I picked up some CitiBank.
(heh heh)
Thanks
diceman
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Registered User
Joined: 6/6/2005
Posts: 1,157
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SIRI up over 100% in 8 days. Nice call.
David John Hall
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"SIRI up over 100% in 8 days. Nice call."
Up over 100%!!!!
We just proved Bulkowski correct.
"Mr. Bulkowsky says:
"The answer is simple. You can make more money from the long side than the short side, even in a bear market.""
------------------------------------------------------------------------
Anyone ever have a short up more than 100%.
(heh, heh)
Remember how impossible, scary, trading long in a bull
was?
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Remember when this was "proof" it couldn't be done:
"Great day today! Lets check the numbers
NYSE
Advancing - 224
Declining - 2701
Nasdaq
Advancing - 407
Declining - 2906
any questions about winning odds? "
----------------------------------------------------------
Interesting how quickly things change.
How quickly we forget.
Thanks
diceman
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Registered User
Joined: 6/6/2005
Posts: 1,157
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LOL Diceman,
I'm not one to stick to anything in the market -- I go where things are working. Yesterday I made money going short (long SKF) and closed out this morning for a nice 10% gain on a substantial position.
It is true, you cannot make over 100% going short (well you can if you're long SKF) but you also have to weigh in how large of a position you can take in these stocks that go up over 100% in 8 days.
The size of a position I would take in .20 cent stock (dollar wise) is much smaller than the one I would take in an ETF. Therefore my 10% overnight gain might easily mirror my 100% siri gain, and my 64% SKF gain from last month certainly would eclipse it.
So yes, gains are everywhere. Long bull, long bear, short bull, short bear. I prefer short bear long bull, but that means on my time frame.
Anyway, on that note -- anyone see BZH -- up over 50% today -- I'm guessing due to strong housing numbers.
David John Hall
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Registered User
Joined: 12/29/2008
Posts: 26
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What are the red, greeen and white lines in the chart above? I assume the indicator is the white line crossing above the red and greeen lines. They look like MACD moving averages.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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SIRI at .34 today. That is another 43% in a single day.
Not bad for a "play with penny stocks and lose your dollars".
You have to know when to get in and when to get out - don't go and mess it up now.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Also I like to show you that the rise in price today was as orderly as it could had been the rise of a $100 stock.
The picture below shows the intraday activity of today.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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Great call on Sirius Bigblock ....
They're getting $20 bucks/month from me ... and I don't even listen to the radio ...
But ... when that radio is going ... the wife is quiet ...
And that's worth a helluva lot more than $20 bucks/month ...
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Registered User
Joined: 2/5/2006
Posts: 1,148
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QUOTE (diceman)
"SIRI up over 100% in 8 days. Nice call."
Up over 100%!!!!
We just proved Bulkowski correct.
"Mr. Bulkowsky says:
"The answer is simple. You can make more money from the long side than the short side, even in a bear market.""
sure, that is, unless you were short citi, aig, etc., or shorted sirius at $3.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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bulkowski is pretty young. i don't think he has much experience with bear markets.
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Registered User
Joined: 12/19/2004
Posts: 415
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QUOTE (realitycheck) Great call on Sirius Bigblock ....
They're getting $20 bucks/month from me ... and I don't even listen to the radio ...
But ... when that radio is going ... the wife is quiet ...
And that's worth a helluva lot more than $20 bucks/month ...
I hope she doesn't read your posts then. I only listen to the radio when driving, but I too pay them monthly. I wonder when the quality/quantity begins to deteriorate.
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 Gold Customer
Joined: 11/11/2006
Posts: 359
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Livermore said to never marry one side of the market, or the other. (not an exact quote).
Mammon
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Quote diceman:
"Folks may want to keep an eye on NTN, SORC."
-------------------------------------------------------------------
SORC up 171% on Friday. (some sources give >180%)
Sweet!
(sorry, saw: "dude where my car" over the weekend)
Thanks
diceman
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Registered User
Joined: 2/13/2005
Posts: 368
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So, where are we on SIRI?? Consolidating for another run??
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