Money, Business and Finance >> Penny stocks anyone? Your 2011 picks?
| 1/8/11 3:20 AM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30488 |
using my elliot wave analysis, the market is due for an abc correction anytime. mid to late jan. i think. there is still some new year's exuberance that will last a wee bit longer. i am ready to liquidate my positions. |
| 1/9/11 11:27 AM | |
jd11b
10
Edited: 01/09/11 11:44 AM Member Since: 4/28/08 Posts: 166 |
EVILYOSHIDA - jd11b, what does telechart have that tradestation doesnt' have? Haven't used tradestation, so I'm not sure. If we need me to temp change my login so you can take a look I'm willing. edit: from quick glance, I'm assuming tradestation is an actual trading platform? this isn't. |
| 1/9/11 3:09 PM | |
jd11b
10
Member Since: 4/28/08 Posts: 167 |
EVILYOSHIDA - using my elliot wave analysis, the market is due for an abc correction anytime. I see what you're saying and it does appear to be forming that pattern. Now that we're seeing 3 year highs in NASDAQ and S&P, do you feel that old resistance has become support? Stochastics are indicating overbought... |
| 1/9/11 9:09 PM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30531 |
yes we are currently on the 5th impulse wave, then we head down with an ABC pattern that should last for weeks. also jd11b, yeah if you can private message me ur login just for sec. i'd like to check it out. thanks. |
| 1/10/11 9:32 AM | |
jd11b
10
Member Since: 4/28/08 Posts: 168 |
EVILYOSHIDA - yes we are currently on the 5th impulse wave, then we head down with an ABC pattern that should last for weeks.I'll shoot a PM here in a bit. I just got the key to download the 2011 beta, curious to see how it compares to the old one. I'm keeping an eye on COIN today. Lot of pre-market volume. TO EVERYONE: I'm willing to setup a private forum on my server if we'd like to move our discussions from here out of a single thread and into something more manageable. If there's enough people here interested I'll get it up today/tomorrow. |
| 1/10/11 10:25 AM | |
jd11b
10
Member Since: 4/28/08 Posts: 169 |
Hah, COIN up 8.54% |
| 1/10/11 10:52 AM | |
jd11b
10
Member Since: 4/28/08 Posts: 170 |
Got out of COIN at .449 (+9.51%). Had my eye on JSDA yesterday when I was looking at scans, wish I would have jumped in this morning, it's up ~15% |
| 1/10/11 11:06 AM | |
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EVILYOSHIDA
Edited: 01/10/11 11:08 AM Member Since: 12/3/03 Posts: 30548 |
WOW. nice call for COIN<br /><br />shoulda logged on earlier would've hopped onto COIN. <br /><br />i was getting out of SOL, made a nice 20%<br /><br /> |
| 1/10/11 11:14 AM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30549 |
yo jd, i'd be interested in joining the private forum. so we can shoot potential trades back and forth. you have good calls as well. we can help each other. how are you scanning for breakouts? candlestick formations or volume? |
| 1/10/11 11:35 AM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30550 |
good thing you got out of COIN, company is dogshit. |
| 1/10/11 11:53 AM | |
jd11b
10
Member Since: 4/28/08 Posts: 171 |
EVILYOSHIDA - yo jd,Thanks man, I still consider myself very very raw, didn't jump into until '08 or so, but have always kept an eye on the markets. I started really taking interest in the late 90's when I worked at a dialup ISP. We rented an office to a day trader and I was really impressed with his setup, so I annoyed/picked his brain a good bit. I actually had an invite for the Redhat IPO in Aug of 99 thanks to being a super nerd, but I didn't realize what I had obtained (it was just before my 17th birtday). My daytrader guy was willing to take care of it and float me cash for a piece of the pie, but it was too late. I'm still pissed about that one. I was still interested during my years in the Army, but didn't trade since I was always on the move. Reading tradermike.net up and down has helped a lot, too. Currently, I think writing software for a living helps get me in a nice analytical mindset, but the market has done a great job slapping me around (I think my emotions are under control now, we'll see). I always use candlesticks, I feel that they show the true flow of the market. I'm still playing with Telechart and trying to get a feel on it. Most of of scans this weekend were looking for doji's, BB squeezes, Fibnonacci retracements, and recent 52 week lows (how I found COIN). I've imported all of tradermike's scan types into Telechart and he has an enormous amount of criteria, very awesome. I'll PM you my temp login for TC shortly with a link to Mike's scripts. Anyway, once I find some candidates, I take a good look at the chart, if it looks interesting, it goes on the watchlist. After that, I check pre-market, see whats happening with price/vol/news and make a decision based on that. I also hang around #stocks on EFNet irc, they have news bots and quote bots with futures, comms, etc, not to mention some smart guys chatting. In the end, I still a peon, but I'm getting there. I'm fortunate enough to be able to constantly monitor the market due to my job. I'm setting up the forum on one of my servers now, I'll throw a link in here once I'm done. |
| 1/10/11 11:53 AM | |
jd11b
10
Edited: 01/10/11 11:54 AM Member Since: 4/28/08 Posts: 172 |
EVILYOSHIDA - good thing you got out of COIN, company is dogshit.Yeah there was no way I was holding overnight, I've learned that lesson the hard way. |
| 1/10/11 12:26 PM | |
jd11b
10
Edited: 01/10/11 12:27 PM Member Since: 4/28/08 Posts: 173 |
Forum is up: http://stocks.project93.com I've set everything private so membership has to be approved before you can view/post. |
| 1/10/11 2:13 PM | |
WEB
37
Member Since: 1/1/01 Posts: 9215 |
id join the forum |
| 1/10/11 2:26 PM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30551 |
i joined the forum |
| 1/10/11 2:31 PM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30552 |
non penny related call. assuming the market HOLDS and does not correct. ALL SOLARS, especialy CHINESE SOLARS are going much higher. SOL, TSL, YGE, JKS, JASO, CSUN, LDK and many others. caution: as long as market holds. my personal favs are SOL and JASO. --- if alcoa beats earnings, the market may get a bit more juice and find a reason to go higher. SOLAR is the place to be. |
| 1/10/11 2:35 PM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30553 |
remember the most important thing is money management. manage trade size. cut your losses quickly no exceptions, unless you preplanned buying something in tranches. this game is not that hard if you love it and exercise discipline. |
| 1/10/11 2:46 PM | |
jd11b
10
Member Since: 4/28/08 Posts: 174 |
Forum should be up and rocking, I've got all sorts of bells and whistles configured it on it now. Thanks for showing everyone interest everyone. EY, I made you a mod. |
| 1/10/11 3:07 PM | |
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EVILYOSHIDA
Member Since: 12/3/03 Posts: 30554 |
thank you! i will make some posts shortly. |
| 1/10/11 4:06 PM | |
vegasdolphin
7
Member Since: 7/9/08 Posts: 664 |
As i mentioned earlier, i have no knowledge of stocks. But reading these posts are very interesting. Great picks! I did see Silver & Gold back up a bit, do you think its the time the silver? Gold? |
| 1/10/11 4:07 PM | |
vegasdolphin
7
Member Since: 7/9/08 Posts: 665 |
I'm also shocked that thread isnt more active. So please keep your info coming |
| 1/10/11 9:47 PM | |
salyer36
11
Member Since: 11/3/02 Posts: 1691 |
vegas- i read this thread every day but I don't have anything to contribute yet. Trying to step up my "trader" game |
| 1/10/11 10:10 PM | |
vegasdolphin
7
Member Since: 7/9/08 Posts: 666 |
salyer36 - vegas-cool man. Same here, reading everyday, my situation is way different though. Money & health is my problem right now. |
| 1/10/11 10:14 PM | |
salyer36
11
Member Since: 11/3/02 Posts: 1692 |
best of luck.... health should come before everything. |
| 1/11/11 12:53 AM | |
jd11b
10
Member Since: 4/28/08 Posts: 175 |
salyer36 - best of luck.... health should come before everything.ditto |
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