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View Poll Results: Did you change tactics in October?
Oh yeah, 100% cash, baby! 3 2.38%
No, sticking with my asset allocation plan! 82 65.08%
Minor tweaks. 18 14.29%
Major tweaks. 5 3.97%
Buying on dips! 14 11.11%
Rebalanced. 4 3.17%
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Re: Poll: weak hands?
Old 03-17-2006, 06:53 AM   #41
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Re: Poll: weak hands?

Quote:
Originally Posted by Spanky
Anyway, I am happy again. Since then the stock has almost trippled.
A real nice penny stock, indeed. Take care as soon as the volume will plummet the dive will start for this cycle with potential support @ 1.7 or somewhere there....
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Re: Poll: weak hands?
Old 03-17-2006, 02:16 PM   #42
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Re: Poll: weak hands?

Quote:
Originally Posted by Nords
How'd you do with catching that falling knife piano, Wab?
Still holding! And still the worst performing stock in my portfolio (hey, it had to be something). Down 61% so far. Thankfully, the other 99.95% of my port is doing much better.
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Re: Poll: weak hands?
Old 03-17-2006, 02:20 PM   #43
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Re: Poll: weak hands?

Quote:
Originally Posted by wab
Still holding!* And still the worst performing stock in my portfolio...
Up 29% and still not up to performance standards!
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Re: Poll: weak hands?
Old 03-17-2006, 06:19 PM   #44
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Re: Poll: weak hands?

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Originally Posted by poyet
A real nice penny stock, indeed. Take care as soon as the volume will plummet the dive will start for this cycle with potential support @ 1.7 or somewhere there....
Thanks. The volume is historically high. Are you saying that one should exit as the volume begins to fall? If so, what is the level of fall (by %) that one should consider to bail?l
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Re: Poll: weak hands?
Old 03-18-2006, 02:17 AM   #45
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Re: Poll: weak hands?

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Originally Posted by Spanky
Thanks. The volume is historically high. Are you saying that one should exit as the volume begins to fall? If so, what is the level of fall (by %) that one should consider to bail?l
It really depends the way you trade these penny stocks. I mean you should start with a strategy and follow it.

For example what is described in the old book from Weinstein is one (though too slow). You could have gotten in with a buy stop triggerred by a breakout from the basement and stay in until your 50MA or 20MA stop is broken.

Or you can be a momentum trader (MT) and trade waves. In which case we already have three waves, which is not bad (10X the price of the basement usually smells the end...). As soon as the volume dwindles the stocks retraces (e.g. from 1.9$ to 1$). Followed by an extension from one to 4. Probable retracement to 2$. If you're a MT as soon as the volume eases you get out and wait for the next entry either when volume resumes or when the price breaks a resistance.

Whatever you do you must know the following: 90% of these stocks return to their base sooner or later as this is (90% of the time) a purely speculative game !

Keep your stop(s) tight and your mind clear as when the final wave aborts (and you just get in looking for a new extension), there's no relief and you go down to the floor !

Kind of illustration of the saying, the trend is your friend, unless at the end, when it bends....

As an aside comment, breakout of a basement can be applied as an entry point to all kinds of underlying. For example, would TTH break the 30.5 mark with a decent move, the entire sector will probably unleash power and start bull running.
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Re: Poll: weak hands?
Old 03-18-2006, 08:30 AM   #46
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Re: Poll: weak hands?

poyet,

Thanks so much for the tip. I am still waiting for the news on approval of medicare payment for the company's product for diagnostic test procedure.

Spanky
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Re: Poll: weak hands?
Old 03-18-2006, 08:55 AM   #47
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Re: Poll: weak hands?

Take care Spanky,

Chances are high that the news will deflate speculation. Either it will be good news (approval), so what ? everybody expected it and you'll go for a slow dive (no more buyers), or bad news (disapproval) and there you'll have a gap open at minus 50% min with herds of sellers.

Until the news, speculators pump up volume and price....
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Re: Poll: weak hands?
Old 03-18-2006, 09:00 AM   #48
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Re: Poll: weak hands?

pretty much sticking to the "plan".
Just moved a bit of Fixed Fund to Vang. Int'l Growth and Int'l Value in the 401k.
.
I believe that Int'l is the way to go... China very interesting, but, according to Jim Cramer, only invest in China through American companies that are moving in to the mainland China.
.
Also, just bought some SBUX,,, once again, a highly recommeded stock by Jim Cramer. Starbucks expects to be very successful in China... getting a future 20% of their revenues from there.
.
The purchase of SBUX kind of goes against my "plan" because it's not a dividend payer. But, since I'm currently reinvesting my dividends, might as well buy some growth stuff - like SBUX.
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Re: Poll: weak hands?
Old 03-18-2006, 10:49 AM   #49
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Re: Poll: weak hands?

You do know that people have tracked cramers "recommendations" and if you had invested on the basis of his suggestions, you'd be hugely underwater?

He's an awful stock picker. But he screams nice and throws a mean chair. And that Booyah thing! Wow.
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Re: Poll: weak hands?
Old 03-18-2006, 11:32 AM   #50
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Re: Poll: weak hands?

Quote:
Originally Posted by Cute 'n Fuzzy Bunny
He's an awful stock picker.* But he screams nice and throws a mean chair.* And that Booyah thing!* Wow.
Hey, if it wasn't for Cramer, stocks companies like Evergreen Solar (ESLR) might actually have to focus on selling stuff & making money.

Not that I need yet another longboard. Do I?
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Re: Poll: weak hands?
Old 03-18-2006, 08:08 PM   #51
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Re: Poll: weak hands?

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Originally Posted by poyet
Take care Spanky,

Chances are high that the news will deflate speculation. Either it will be good news (approval), so what ? everybody expected it and you'll go for a slow dive (no more buyers), or bad news (disapproval) and there you'll have a gap open at minus 50% min with herds of sellers.

Until the news, speculators pump up volume and price....
You may be right. Thanks for the warning.
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Re: Poll: weak hands?
Old 03-19-2006, 04:44 AM   #52
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Re: Poll: weak hands?

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Originally Posted by wab
I'm getting vibes. Nords and Brewer out of individual stocks? People selling their houses and renting? Wow. Any other dramatic moves this month?

I sold some bonds and stocks, and plan to leave the procedes in cash for a little while. Nothing dramatic. Less than 5% of assets.

Looking at possibly picking up some beat-up issues.
I've liked the summary given recently by Jeremy Siegel (reminding us things we all know) which can read as:
When rates move up RE usually makes a top (slow and gradual) and bonds dive.
Stocks are historically correctly valued at P/E 15 (get the file): http://www2.standardandpoors.com/spf...P500EPSEST.XLS
So stocks are where to be (or at least what to buy/add) for the long term investor right now.
Fine, no reason to change anything.

Except that Chinese markets being all long now including Shanghai, a bit more of China could be fine !

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