Registered User
Joined: 9/22/2005
Posts: 849
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Stepped out of a long equilateral triangle on 01/03 with increased volume.. MACD moving from zero. MS OK. TSV divergent.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Very good find, it reminds me of GV a few weeks ago.. Tobydad will like this one, and so do I.(it seems that you are a quick learner)
The low volume levels is the only concern thatI can see, but for a short term play this is very good
I use indicators other than the standards that this is responding to very nice.. I will be in with some shares at $1.30 and then some more after the enevitable pull back..
You are now officialy a bottom feeder (watch out for tose penny stocks)
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Registered User
Joined: 10/7/2004
Posts: 2,181
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That's it! We need a bottom feeder's club! We can make it sound prestigious; The BF Group.
(Of course, some of the members of this forum will think we need to belong to BFA, Bottom Feeder's Anonymous, you know, to end our destructive addiction...."Hi, I'm Tobydad...and I'm a bottom feeder.")
Oh, please, I can't stop laughing, too funny...too funny.
Please, no taking offense, all in good fun, just having fun.
"A merry heart doeth good like a medicine."
About EVOL (oh yeah, we were supposed to be talking about stocks, weren't we?) my comments would echo apsll's exactly. (He knows me too well.)
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Registered User
Joined: 9/22/2005
Posts: 849
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Bottom Feeders Anonymous my Aunt Nellie. Stand up and and be counted. Admit that we like to shop where the real bargains are found! I have seven stocks ranging from $1.15 $7.00 per share which show ovrtall 9.9 percent profit.
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Registered User
Joined: 9/22/2005
Posts: 849
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BTW, apsll. I picked GV from the comments in this forum. Up fourteen percent.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Well, here I go, I'm gonna get myself in trouble. But I do love those "bargain" stocks. Had TGEN on my list since Sept. Didn't mention it here cause the volume was too low for my usual standards but I just had a feeling.
And I am ever glad I was watching. I guess that's why I keep going back for more. I just don't see "quality" stocks make that kind of climb very often.
I'm sure I'll now hear it from the "quality" stocks gang.
(Can we still be friends?)
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Registered User
Joined: 1/12/2006
Posts: 296
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Quality = if you can consistently make $$$$ with your system. Many "quality" companies have/are still sticking it to investors.
My onlyobjection would be in the volume arena and that is related to being able to get out when the sky is falling.
Lastly, I will mention something simply to place a thought in your subconscious: 10 or 20 years from now, consider investing in terms of $ gains (target) on a stock vs percentages. I used to always think in percentages (individual stock), but 2 years ago I came across one short paragraph on this subject and immediately forgot it. Well, after almost 2 years it arose to my concious state (somehow) and I now view things differently.
For now, keep doing what is working !!
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Joined: 10/9/2005
Posts: 18
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Registered User
Joined: 10/9/2005
Posts: 18
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After a few quiet days, nice move to the upside today on good volume! I was guilty of bottom feeding as well, but a one day 8% gain isn't a bad thing....
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Registered User
Joined: 3/21/2006
Posts: 4,308
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BC I hope that you are in by now, I had to sell at $1.56 and take the 20% gain it might still go up but that is how I play these.. I will buy back in after it pulls back, but thanks for turning me on to this one..
The rumor is that this is imposible to do this on a stock this low in price, but with a network of qualified bargain hunters helping each other find stocks like this one.. Heck we will all be millionairs soon...
THX Apsll...
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Registered User
Joined: 12/8/2004
Posts: 1,301
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QUOTE (apsll) BC I hope that you are in by now, I had to sell at $1.56 and take the 20% gain it might still go up but that is how I play these.. I will buy back in after it pulls back, but thanks for turning me on to this one..
The rumor is that this is imposible to do this on a stock this low in price, but with a network of qualified bargain hunters helping each other find stocks like this one.. Heck we will all be millionairs soon...
THX Apsll...
Again, more words put into mouth. I NEVER said nor has anyone else EVER said you cannot make money on these stocks. What I said and some others have said is that they carry more risk than other stocks. You can jab day after day at me, but it does not change the FACTS.
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Registered User
Joined: 9/22/2005
Posts: 849
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I got in at 1.22 and will use trailing stops. Looks like the first significant resistance is 2.30 +-.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Hang in there BC, let me know when you sell,
HNC: lets just leave each other alone, you are right it was a poorly aimed jab..
I know low price stocks are more volatile, more risky, I never said that they were not risky. I just love the action of these kinds of stocks, just let (those that want to), enjoy the style of investing that they want to.
I am in to good a mood to banty words with you today
Maybee when the crrent Bull Market is over then I will have to change my aproach, but for now just relax, life is to short to get as excitable as you do..
I promise to not give advice to the newbies any more if you will just relax..
I will just discuss the bargan stocks with those that choose to ask for my opinion..
Have a good trading year HNC
Apsll...
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Believe it or not, I am not excited, and I do not dislike you. I do NOT think you are a bad trader. I want people to do well. Disagreements are good for everyone if we all don't take it personal. I have a tendency to be a little "forceful"  with my opinions but that is my "mechanism" to get people to think of why they do certain things. Good things actually come out of discussions like that although it probably doesn't make me very popular.
The following is just a general statement and does not refer to anyone on this board.
One of the things I have learned is that good traders will only share basic trading guidelines with you, but they will never reveal their actual strategy. If the strategy is working they can make more money in the market than they can doing anything else. Once they stop making money with their systems they will start selling seminars, books, tapes, and pushing their picks on internet sites for a small monthly fee.
Trading is a constant re-evaluation of your systems and methods. It's one of the most difficult things one can do. It takes at least 5 years of constant study to get most people to rookie level, so never get discouraged. The holy grail is not out there, but there are ways to make consistent money in the market.
As with most things, you only get what you put into it, and sometimes you don't even get what you put into it.
I'm going to be leaving the board again(applause), but I will come back and check in every now and again. I want to leave everyone with just a couple of thoughts especially if you are new.
Look at your charts.
Look at what every stock looks like before it goes up, and before it goes down.
Look at what some indicators do before the increase or decrease in the stock. Find out which indicators tip the move early.
Find two indicators that work, and put those indicators on multiple time-frames. When both indicators are in unison on more than one time frame you have a high probability trade.
Backtest your strategy. It is the only way to know if you have been lucky, unlucky, or good. Luck eventually runs out, but someone who can develop a strategy and keep it fine-tuned will always find a way to win.
Good luck to all.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I forgot one very important thing. Look for patterns within trends. How many days does a stock in a good uptrend usually pull back? When it does regain its strength how many days of strength does it typicall have before the very first pullback again. This is why I like the larger stocks with more volume. Institutions buy on a REGULAR BASIS. See if you can determine their pattern within the chart.
Gone for sure now.
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Registered User
Joined: 9/22/2005
Posts: 849
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apsll. I got nervous and sold at 1.58. 27% We'll see what it does on Monday. I may buy it back later.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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EVOL: It has a nice hammer with a long tail for its close last night.. That could mean some possitive action today.
Be ready to buy if it breaks $1.65 I know I will...
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Registered User
Joined: 9/22/2005
Posts: 849
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EVOL
Low touched 50% pullback yesterday. Opened on yesterday's close. Next Fibonacci line corresponds to the next reasonable resistance at 1.80. I bought at 1.65.
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Registered User
Joined: 4/3/2005
Posts: 91
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I would interpret yesterday's close as a spinning top rather than a hammer. Hammers should have no or almost no top shadow. But it does have a gain today so far.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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BC: I just sold EVOL for a 9% gain.. It is at resistance, so I will just take my profit now..
It might still go up, But the way I play these is to move in and out quikly...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I bought GTCB at $1.11 a little while ago, It is a low risk entry to buy near the bottom of this type of triangle, because you have your stop placed right under the triangle. If it breaks the triangle to the down side then you want out anyway...
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Registered User
Joined: 9/22/2005
Posts: 849
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Ihave similae thoughts about GTCB. I bought it too.
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