Registered User
Joined: 3/25/2005
Posts: 864
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What's your opinion of the following list?
Would you keep any of these?
PRH
LCCI
RDTA
THLD
PSIT
FORG
NCST
ACEC
TORM
PFSW
CNR
CLRT
CESI
SGU
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Based on recent price action:
TORM
CESI
CLRT
CNR ( sloppy cup with 2 handles? )
LCCI
are probably the most interesting.
With :
SGU
CESI
LLCI
having the best fundamental quality.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Major disclaimer: I AM an expert if you subscribe to any of the following definitions:
An expert is a person who avoids small error as he sweeps on to the grand fallacy. (Benjamin Stolberg)
Where facts are few, experts are many. (Donald R. Gannon)
An expert is a person who has made all the mistakes that can be made in a very narrow field. (Niels Bohr)
If the world should blow itself up, the last audible voice would be that of an expert saying it can't be done. (Peter Ustinov)
I AM NOT an expert if you subscribe to this definition:
"...a person with special knowledge or ability who performs skillfully"
That being said, I do so love giving my opinion, so, here goes:
PRH Home run on a weekly chart if the current volume becomes the new standard
LCCI Bueno with more volume
RDTA The low volume scares me and I don't like the small
ranges on many days
THLD Holy Cow! If it closes that gap...!
PSIT Don't like the low volume or the TSV divergence late- Nov to early-Dec
FORG Nearing resistance and a bit bearish pattern at the moment but certainly worth keeping in the bull pen
NCST Love the chart; love it so much that I'm frustrated there isn't more volume
ACEC I'd expect a pullback to around 1.05 to 1.12 then take off
TORM Sort of inverted head and shoulders; I like gaps that need resolution (gaps seem to act like a sort of vacuum pulling the price into it)
PFSW Nice broken downtrend and new upstream; good volume; I'm guessing it might bounce off the 50 day ma...that would be a real nice move
CNR Too many gaps, scares me (maybe it's just a fear of the unknown???)
CLRT A few days lateral movement or slight pullback to 1.60 or so? Looks like significant upside on this one to me
CESI I'm guessing a pull back to it's 20- or even 50-day ma; but if it makes it past 2.10, it should move up some...still lower volume than I like.
SGU Looks like significant upside potential, serious resistance just overhead, then around 4.50 then 6.00.
Just opinions and, frankly, not seriously researched. Hope it's of some help.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I should add in the interest of full risk disclosure. I know from
other posts that memorableproducts trades in a very short timeframe.
(daytrade to 2 day)
If you are not familiar with trading these types of stocks.
(relatively poor fundamentals, bottoming, weak volume, gaps)
Its not something you should experiment with.
Thanks
diceman
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Registered User
Joined: 3/25/2005
Posts: 864
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Thanks guys, Great Input!
The following in the above list have positive
cash flows:
TORM -- like to see retracement to 2.66 first
PSIT -- like to see retracement to 1.18 first
FORG -- like to see retracement to 1.44 first
SGU
More opinions are welcomed...
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Registered User
Joined: 3/25/2005
Posts: 864
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Diceman --
In my defense, I must say that I, for one, do
not trade stocks that are below 13.00 a share.
But, I am definitely one who is attracted to stocks
that close significantly higher ($1.00 or more) than
their previous close. The stocks I ultimately choose
to trade usually have avg monthly volumes of 400000
or more. And, the majority of them are fundamentally sound. Finally, I never bottom fish (too dangerous)
but, I do often look for retracements of the stocks
that interest me because of their climbs, before I get in.
As I have stated, in a previous post or two, penny stocks
are not my cup of tea but I have notice that many people
here are interested in this sort of thing.
Therefore, I was just sharing some of the penny stock
leads that one of my proprietary programs generated
when I ran it.
As you know, most penny stocks are not fundamentally sound. And, because I also know this very well, I solicited others' opinions on this thread so that
whoever might take interest in the list could get opposing
viewpoints before deciding to trade any of them.
In conclusion, I would like for everyone to remember
that I should not be identified as a penny stock trader
but I am, proudly, a 1 to 2 day only trader. But, these
stocks that I have mentioned on this thread can and be probably should be held more than 1 or 2 days if that is what it takes to profit from them.
But, I would not be willing to wait that long. Therefore,
I would never trade these in addition to the other reasons
I stated above.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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memorableproducts
I thought these stocks were "out of character" for you.
( I was surprised when I saw the charts )
I did not want to give the impression that my statements
were buy recommendations.
Traders should only tread these waters if it is what they are used to.
Thanks
diceman
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Registered User
Joined: 3/25/2005
Posts: 864
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Oh, Ok Diceman. I understand.
Thanks.
I still hope to get your input for
any future penny stocks I might mention
on this forum.
Also, I meant to add that the
price range that I am accustomed
to trading has ranged from $13.00
to 120.00 per share.
I HOPE EVERYONE WILL HAVE A PROPEROUS
NEW YEAR!
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Not one of these stocks showed up on any of my scans, they are all junk..
memorableproducts: I am not trying to start trouble with you but please leave the search for stocks priced between $1.00 and $ 11.00 to the ones that are making money with them and know how to find them..
It is true that most of the regulars that post on this site are making money with the lower priced stocks and the higher priced stocks (to make a profit you go where you can to find it)
your dialog on this thread smacks of pity for the poor souls who choose to look at stocks priced lower than your trading range.
penny stocks are usually priced way below $1.00 a share and are very, very thinly traded - they are prone to wild price swings and are very high risk..
A stock that is priced at $3.00 a share and is liquid that follows the same trading patterns as a $13.00 stock is not a penny stock.
I never see Diceman recomending stocks because (IMO) he is probably more aligned with your aproach to stocks, but he always offers good advice and caution for the less experienced traders..
Any way I said my peace, there is no offense intended
Good luck to every one today
Apsll...
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Registered User
Joined: 3/25/2005
Posts: 864
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Apsll --
Not a problem. I will stay out of this
arena and stick to what I know best.
If there is anyone here, that still wants
to hear from me about penny stock leads
please let me know. Otherwise, I'm done.
Also, Apsll, it is generally agreed in the
stock world that any thing priced below $5.00
is a penny stock (so this is not my definition).
Therefore, most stocks priced below $5.00 may be
considered junk until proven otherwise.
Thank you very much.
<:o)
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Registered User
Joined: 10/26/2005
Posts: 238
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memorableproducts, Your comment here is very true.
"it is generally agreed in the
stock world that anything priced below $5.00 is a penny stock (this is not my definition). Therefore, most stocks priced below $5.00 may be considered junk until proven otherwise. "
Few traders make money trading these stocks there is a reason they are cheap. I hope any new traders reading the post here do not listen to those who advocate trading penny stocks. As BigBlock is so fond of saying "We get paid to take risks" However gambling should be done at Vegas. In Stock trading you need to have the odds in your favor as much as possible. Trading "penny stocks" is like going to the horse track and betting on a lame horse, instead of a proven winner. Good trading to all, AB
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I guess that I am among the lucky few..
Whether I veiw a chart from a $4.00 stock or a $13.00 stock. They move in simalar patterns and the indicators respond to them the same way..
Of course quality stocks are going to go up in price. I just prefer to buy large lots of cheaper stocks as opposed to smaller lots of high priced stocks.
You can make money both ways (I just find it strange that he is asking people to help him rate a list of "penny stocks" and then in his next post says that he will not touch them with a 10 foot poll)
I make money buying stocks between $1.00 and about $60.00 and will continue to do so because I belive in my system.
I hope you are doing the same...
Apsll
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Registered User
Joined: 1/28/2005
Posts: 6,049
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My thoughts.
I could be missing something but I did not see anything wrong
with memorableproducts statements. As far as I can tell he was simply
asking for opinions. I view his statements as what he likes to trade.
Not as condescension to those who trade these stocks.
Remember that you cant see someone order mashed potatoes in a
restaurant. (then assume they don't like french fries) Even though I state
that I prefer quality stocks (today). I have spent a fair amount of time
in the low-priced stock world. One of the definitions of "experience"
(assuming you are open minded) is you have seen it all and done it
all. This is just a hunch but I bet (on-balance) the "quality" stock trader
knows more about the "low-priced" world than the other way around.
The stock market is not like math/physics. The definitions of right/wrong
are extremely complex. There were posts last year about market tops:
"Sell your longs now!, Housing crash!, Rotten economics!, Is this the top!,
The market cant go higher!)
If we use pure "logic" we should tell these posters sorry but your opinion
is not relevant. Stick to something you know how do.
However since I believe in contrary thought. I found these posts very
useful. I like to see fear in the markets. I know when everyone thinks
"this is it" it wont be.
All stock market opinion is information. (even if it is dead wrong it can
be useful)
If we are to decide who can post and who cant based on the quality of
what is said. I wonder, who will be the judge?
I hope that all traders will realize that when I state my opinions it is
simply choice.Not condescension. However, I also hope they will view
other opinions as something to learn from or look into. Other opinions don't
require you to defend yourself.
So I look forward to all and any posts. If we don't like the stocks we should
explain why. Remember that a new trader can learn as much from what is
bad about a stock as what is good.
Thanks
diceman
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Registered User
Joined: 3/21/2006
Posts: 4,308
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This reminds me of the (Have no cents) situation, and once again you have brought sanity to all this..
It is just frustrating when I read a post that will state - "You should not waste your time on cheap stocks" or "they are cheap for a reason" they are DOGS... Stick to the higher price stocks over $10.00
I do not want to keep repeating this, but I am not only making money on the cheaper stocks but most of my profits come from stocks that are $1.00 - $5.00 you can lose money on a $15.00 stock just as quick as you can on a $5.00 stock and there are more high price dogs than low price dogs because there are just more higher price stocks (obviously)
Look at an even mix of cheap vs higher price stocks--They both go up, then down, then up again and down again
You just have to try to interpret when down is changing to up.
Cheap stocks do not just go down all the time,
If you want to state your opinions about your views on the market, Just a little courtesy, let everyone know that it is just your opinion...
If you make a bold statement then expect a little feed back
that's it for me on this thread..
All statments made by me were just (IMO)
Apsll...
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Registered User
Joined: 9/22/2005
Posts: 849
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I would like to interject some observations of a newbie to this discussion.
Many years ago I formulated a rule to live by. It is that I live by my rules and only my rules. I will listen to and consider your rules. If one of your rules seems to be appropriate for me, then I will adopt and make one of my rules. I will not criticize you for having rules different from mine, you are always entitled to your rules and opinions, even though I may disagree.
Both memorableproducts and apsll are entitled their opinions of the relative merit of low price versus higher price stocks
I have been watching the posts in this forum for some time now and have learned many things which have been helpful in developing my style of trading, most importantly the techniques for risk management as advocated by diceman, fpetry, HaveNoCents, and others. Now I am searching for a reliable method for selecting stocks to add to the portfolio.
That said, there are many reason for trading low priced (one to five dollars) stocks. Which many class as junk, even though they react to either buying or selling pressure the same as those commanding a higher price.
My reason is that my funds for investing are limited and in order to spread the risk I limit my purchases to five hundred dollars per position, realizing that this makes the commission cut in to the profit more significantly. However, with proper risk management as advocated by diceman and others, it is still possible to trade profitably.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You make a lot of good points bcraig73450.
I think it all comes down to having an open mind.
If I found a new way to pick stocks or new indicator.
(that worked better)
I would throw everything I'm doing out the window.
The way I see it. You should never be defending
your trading systems or methods.(you know what your results are)
(If I am "defending" my trading systems it is as if I'm
saying: "this is all that can be done", "this is the only
way to trade", "I can stop learning now")
Your goal should be constant improvement. the moment you can
trade and make $100 per month consistently. Your goal should
be how do I now make $200 per month. (and so on)
I believe if traders constantly try to learn and constantly question
what they do and how they do it.
(you should be your own worst critic)
Years from now they will be saying: I cant believe I traded that
way.
Thanks
diceman
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Registered User
Joined: 11/16/2015
Posts: 105
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Hey what's up everybody well I kind of find it so ironic but I've come across looking for an easy scan for penny stocks and I came across this post I found very interesting I just so happen to been following the stock for about 4 months having no idea that it was on a post. But anyways yes I made a little bit of a profit $0.45 so the dollar $1.35 all the symbols that he has in the no this is what he had in the note. What these symbols stock symbols/
PRH
LCCI
RDTA
THLD
PSIT
FORG
NCST
ACEC
TORM
PFSW
CNR
CLRT
CESI
SGU
It's February 27 2017 and it is 5:10 p.m.
So the stocks available right now out of this list
Are these stocks right here which I find a Roenick
Actual price of the stock ( $THLD$0.62
$SGU $9.55
$PFSW $7.20
$PRH $25.35
$TORM $7.00 )
I found it ironic that this particular stock I was following about 5 months I had it in my radar from this point. I was just out here looking up new. easy scans 4 penny stocks $0.01 ro $5 and I came across this crazy list of stock picks so I wish I could get together and start a group with some people out there that have tc2000 put something together sure we can pull something off I got some ideas up my sleeve my gold is to make it so we can get into a trading room that's a decent fair price most of the ones out there for penny stocks of through the roof price-wise anywhere between 4300 to $200 and then the ones we find that $50 per room all they talk about us not picking it up $15 and up but she's crazy I like to buy my penny stocks between one penny to $5 then I can I just have some fun and I. We can find a trade in room $50.00 bucks a month that just specialize is a penny stock I haven't even found a penny stock room chat room for nevermind 50 bucks I'm trying to put something together but now 35 bucks would be pretty cool anybody would like to come up with some creative ideas let's put something together I'm ready to rock and roll and do it when I get the website can work on let's put something together rock and roll with tc2000 make that money me up with a message or request a welcome thank you God bless see you soon I'm working on my website to for more information thank you God bless we should have a training room for tc2000 people that have it we can pass information alright peace out / Dock is been on my watch list for about 5 months now going back five months from today when I posted which is February 27th 2017 and the time is 5:27 p.m. So yeah, watch list five months back is that crazy and the time I bought it and sold it I made a dollar $1.34 profit I think $THLD$0.62
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Registered User
Joined: 5/11/2013
Posts: 17
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Friend, most of the stocks on your lists appears DOA.
annemic to volume. Volume moves price for example
90 Day Volume greater than 1,000,000. for starters.
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Registered User
Joined: 11/16/2015
Posts: 105
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Well, thank you for that message. Very much I appreciate that. Just wanted to tell you. A chat room. Will the stock market
Thank you and God bless.
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