After getting stopped out yesterday, im back long. I hate the under 5 dollar crowd, it wastes capital, and 10k shares, you loose 1/8, and it's painfull, but im long 6k now b/c of the huger volume today, and if it makes a hod, i will take another 5k or so. Just a heads up.
So why do play them then ? I won't touch these stocks. BTW : I got a mail from a fellow reader of our 2 person thread, asking me about the screen setup - which I mailed him, of course. I use ( among other screens ) the BE screen posted earlier on this thread. But I didn't know, how you detect the pattern discussed here. Do you use BE for it ? Best regards
This is a two person thread unfortunately, but I intend to enter for one more time on monday, i got out flat on fri. I've seeen this pattern on the under 5 dollar crowd, and i still contend that it will do 4 by the end of this month. I'll even wager with you if you want... hehe... as for other stocks that are higher priced, look at dsgx,catt and lxnt. I made good moves on thurs and fri off lltc and zigo. I think this high volume on the new low is a great strategy, and I'm totally willing to show you my experience on these so far, I almost now play these exclusively and rarely play any breakouts any more.
today is the day... dbab has been the only seller.. he's gone.. hrzg is there, but not really.. im long 10k at 2 1/4 lets see... 3/32 stop
i took another 5k at 9/32 and im looking to sell my first 3k at 1/2 and then 2k every 3/16 up or so... 5/16 trailing stop.
I just sold 4k at 15/16 +11/16 i have 6k left now... another one to watch is bvew for today. IM not in it yet.
i sold more ttpa at 3/16 + 15/16 i think. I have 2k left, and I just threw a 1/4 stop on them so I don't have to monitor as closely. In the same pattern, im up 1/4 now on my 15k of bvew i have... I took some more on the new high.
Lucky you - I'm not trading currently. Too much other work to do at my job. If I can't follow the markets, I don't trade these days. Good luck &
Im out of all 15k now at 9/32 avg.. I'll wait to relong tomorrow. Im afraid of another gap down even though it closed on the highs... It should be good for a half tomorrow. Privateer, this pattern really works... We've hit paydirt..!