great catch on another Cramer pump$$ man I am not going to trade any more during the day. 1) Listen to Cramer radio show - buy stocks 2) wait till says it on CNbc and collect free $
Sold out of 1st GSL position still holding on 2nd I think it'll still bounce. 2nd position has stop at $41
out of second for a loss at 41.28. ended up profitting on GSL not as much as I would have liked though
Kevin / Max do either of you do long term trading...or do you only do a trade same day perhaps a few days...with trailing sl? reason..do you ever trade penny stocks with any of the mad money made? if so what do you think of emrg for a long term these are some of the trades I take with ie 10k shares or more..a few cents and the k's add up.. others I have done are mivt, mlnm per cramer but his comment made me more...emrg etc. comment?
Not really-- I have a long term account but I do my own analysis not cramer's. I tend to find that most of the stocks he pumps once and owning them longer term they will likely fade. The cramer plays are not the majority of my short term account, I try not to leave my fate in a nutjob I do invest in penny stocks to answer one of your questions, but not alot of money, again. You need to have a lot of assets that you control and understand what you are going to do with it, but you can have some assets by which you take some risk for some bucks. just my .02
When doing long term penny stock work I tend to focus on the fundamentals. EMRG does not have solid fundamentals. The stock is trading 18x sales. The company has a terribly negative profit margin and the company's safety is down at .16 where the cash is. I wouldn't touch that one...I tend to look for ones with some cash in the bank and/or revenues/earnings growth.
thanks for the reply, you are correct about emrg... it is throw away money/mad money....I see the stock 1/1.50 with long term 5-9 dollars...18months.. npsp has been good to me over the last year...I usually write the option and then adjust accordingly