OFG ==> The Titans Are Coming to AC Winner!!

[mrmarket]

Re: OFG

In at 31.65. My portfolio went up HUGE!!!! today.

I own AACE, HAR, HZO, PDX, SAFM, SSNC from your picks.

I see that HZO and PDX got mention on IBD's "real most active" posistively that is.


Thanks Mr. Market!!!!!!!!!

Wow...that's a mighty good portfolio...anyone else own these?

[scifos]

I have some AACE and PDX, plus MTH and VIP, just sold HZO yesterday.

[Websman]

I bought OFG at $32 today. I set my limit at 32 so I wouldn't miss out...could have got it lower but, hey...It will go up and I will profit...I will be wealthy beyond my wildest dreams!!!...HAHAHA!!!...

Oh yea... I also bought SGMS (my personal pick) yesterday for $20.23...I'm making money with it too...HAHAHA!!!

This is great!!! This is wild!!! This is amazing!!! I am overwhelmed once again...must take a breather... breath Websman...breath............

Thankyou $$$Mr. Market$$$!!! You are truly huge!!!

I believe I will name my next born child....$$$Mr. Market$$$...yes I believe I will...

[spikefader]

I bought OFG at $32 today. I set my limit at 32 so I wouldn't miss out...could have got it lower but, hey...It will go up and I will profit...I will be wealthy beyond my wildest dreams!!!...HAHAHA!!!...

Next time use a little patience whydoncha fear of missing profits is emotion and you don't want no emotion in yer tradin'.
look for something like a 20 day hourly lower bollinger band entry or an intraday FIB retracement to get long. The first would have you long at 31.50ish when it hits there tomorrow or if you HAD to get in today, wait for 38.2% retrace from the move up from yesterday's low to the gap up. That would have you long at 31.76.
Good tradin'!

[Websman]

[/quote]
Next time use a little patience whydoncha fear of missing profits is emotion and you don't want no emotion in yer tradin'.
look for something like a 20 day hourly lower bollinger band entry or an intraday FIB retracement to get long. The first would have you long at 31.50ish when it hits there tomorrow or if you HAD to get in today, wait for 38.2% retrace from the move up from yesterday's low to the gap up. That would have you long at 31.76.
Good tradin'![/quote]

Thanks for the helpful advice neighbor!
I will definitely do that next time. I will still be wealthy beyond my wildest dreams but I could have done it a little sooner if I would have bought around 31.50. hmmm...and to think....because of my oversight, I will now have to work a real job a few more days longer....
I welcome all advice. Once again, I am overwhwlned by the thought of all the good people who are willing to help a neighbor in need.
Thankyou and good trading to you also!

[spikefader]

Thanks for the helpful advice neighbor! I will definitely do that next time.....I welcome all advice. Once again, I am overwhwlned by the thought of all the good people who are willing to help a neighbor in need. Thank you and good trading to you also!

Sure, you're welcome. Here's a couple pics as far as how I see the chart technically.

http://img47.photobucket.com/albums/.../OFG_Daily.jpg showing great volume and subsequent channel breakout bullish but timing longs still important

http://img47.photobucket.com/albums/...y_analysis.jpg This puts intraday hours into perspective. You can see your poor entry at 32.00 right at resistence volume and not close enough to 'support' prices, such as the lower band I spoke about at 31.50.

Good trading habit is the B.A.S.S.A.R technique. That's 'Buy At Support Sell At Resistence'. Be patient and do this, and you'll be puttin' the odds more in your favor.

[MEA_1956]

I have some AACE and PDX, plus MTH and VIP, just sold HZO yesterday.

I to just sold HZO. Still holding AACE and HELE. Discipline is the key, HELE is at 35.43% she will give 45% or I will request permission form you to turn ALPHA & OMEGA the mighty Titan's lose and she will surrender the fruits and juices of her loines. ===>MEA

[bappida69]

Hi,

I have BEL(@21 something ) and AACE(@31 something). Planning to buy OFG now.

This is truly an amazing board!!

Cheers..

[Websman]

Thanks again Spikefader!!!
I have studied your charts and now understand your point. I will keep this in mind on my next buy and I will make even more money.
If it wasn't for folks like you, some of the rest of us would have to learn our lessons the hard way.
When I become the worlds best and wealthiest trader, I will carry on the legacy of $$$Mr Markets$$$ website by helping other, less experienced traders succeed!
I will enrich myself by helping make others rich for free!!!

[Bullshooter]

New to Forum / Thanks & need tutoring for intraday tradi

Mr. Market, My Leige,

I joined your site today to prostrate myself before your Hugeness!!! and to thank you for sharing your stock trading mastery.

I've been investing full time for about four months now and although I've made some modest gains, I keep getting my derriere handed to me more often than I'd like. I don't seem to be getting the hang of how to purchase intraday. I am getting better at fundamental and technical analysis, but I have made some naive intraday trades that cost me serious money. For instance, this afternoon I planned to get into SAFM at +/- $40.00, just before 4:00. As I readied my trade, I watched as the stock went to $40.20. I put in a limit order and got about 1/4 of my intended position at $40.20. The stock went up to $40.40 and I panicked and changed my order to a market order, thinking that the stock would regain easily today back to $40.50 and might never revisit these lows. My trade executed the rest of my position between $40.50 - $40.66. Immediately, the stock headed back to $40.00 and closed at $40.05. I don't mind owning SAFM at my average price, but I feel I unnecessarily left good money on the table.

I can think back on some other naive trades - especially a couple of stop limits that the market makers really hammered me on. I have typically tried to buy at CANSLIM breakout levels, but I'm not executing these well either - and pullbacks have several times shaken me out with a significant loss to watch the stock recover. Does anyone have any suggestions how to improve trading timing? I saw a post from Spikefader suggesting to "Buy at Support & Sell at Resistance", but I'm not sure I really understand how to determine reliable support and resistance levels.

Also, I saw where, among your many other talents and feats of strength, you are an Engineer. I thought you might like this joke:

A pastor, a doctor and an engineer were waiting one morning for a particularly slow group of golfers. The engineer fumed, "What's with these guys? We must have been waiting for 15 minutes!" The doctor chimed in, "I don't know, but I've never seen such ineptitude!" The pastor said, "Here comes the Course Ranger, let's have a word with him." ... Hi George. Say, what's with that group ahead of us? They're rather slow, aren't they?" The Ranger replied, "Oh, yes, that's a group of blind firefighters. They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime." The group was silent for a moment. The pastor said, "That's so sad. I think I will say a special prayer for them tonight." The doctor said, "Good Idea. And I'm going to contact my opthalmologist buddy and see if there's anything he can do for them." The engineer said, "Why can't these guys play at night?"

Thanks again,

Bullshooter

[spikefader]

Re: New to Forum / Thanks & need tutoring for intraday t

....getting the hang of how to purchase intraday....For instance, this afternoon I planned to get into SAFM at +/- $40.00, just before 4:00. As I readied my trade, I watched as the stock went to $40.20. I put in a limit order and got about 1/4 of my intended position at $40.20. The stock went up to $40.40 and I panicked and changed my order to a market order, thinking that the stock would regain easily today back to $40.50 and might never revisit these lows. My trade executed the rest of my position between $40.50 - $40.66. Immediately, the stock headed back to $40.00 and closed at $40.05. I don't mind owning SAFM at my average price, but I feel I unnecessarily left good money on the table

Your problem is obvious and treatable. Emotion is what is leading your decisions and that is a no no. Trading without emotion is what you should strive for. Decide on a logic point of entry (at support levels) and keep it a Limit order. Especially with low volume stocks such as SAFM. Market orders can really cost you with stocks that just don't have the liquidity of bigger names. Look to anticipate support such as as intraday FIB retracement levels 38.2 or 50% and stick your limit order there....or better still, look for a test of the low of day for a "Double Bottom" or if you're really sneaky, look for an inverted Head and Shoulders intraday pattern opportunities (for longs) and anticipate either the head or the shoulder. If your limit doesn't fill, don't chase. There will be better trades...and better opportunities to enter later in the day or the next day or several days later. Better to get a partial fill than to chase and then start a trade in the red and sweat as you watch your trade go back to support levels. Stocks do this all day every day, and will for the rest of market time. You are looking for a Bargain price, so be patient. Consider trading like haggling at a street market. You will only get a discount if you ask for it....or haggle. Bullshooter...you didn't haggle today. You ran up to the counter and threw your money into the vendor's pockets and he/she is thanking God for sending another sucker his/her way. Decide what is a bargain price, and refuse to pay more. If you miss the boat - and yes, it will happen, don't fret. Price will oscillate back to a good buying position once again. Great trades happen when you get a good entry. Better to forfeit an entire move than to risk a poor entry and the mess that goes with it.....such as hope that it'll come back and it never does...(just remember Enron).

........market makers really hammered me on......not executing well....Does anyone have any suggestions how to improve trading timing? I saw a post from Spikefader suggesting to "Buy at Support & Sell at Resistance", but I'm not sure I really understand how to determine reliable support and resistance levels.

Suggestion 1: Learn about common patterns; Double Bottoms, Head and Shoulders Wedges, triangles, bull and bear flags/pennants. These patterns HELP and give you an edge. They work both ways, regular and inverted. They will help you time your entries and exits.
Suggestion 2: Learn about charting volatility - and how to use indicators to find those extreme points - where the real bargain prices are. Perhaps Bollinger bands on an hourly chart where you look to go long when price touches the lower band or better still, penetrates it, drops quickly below it as price takes stops out....you're down there patiently waiting and you get a lovely fill...and the market makers run price back up so you get a lovely long tail on an intraday hourly candle that pierced the band and bounced. There you have a great entry and a bullish ride with no sweat. Hourly time frame over say 20 days is good for this. It's simply a tool to help you visualize where is good value to enter.
Suggestion 3: You want to buy at the test of a low of day and hopefully snag an intraday double bottom and then nice movement up to your target with no sweating in the red.
Suggestion 4: Learn basic understanding of Elliott Waves. Look for zigzag moves up with 5 waves in total (and 3 distinct 'impulse' waves on the upside)....works for intraday or daily. The 5th wave is where you consider taking profits and maybe reentering long again on a logical retracement using Fibs or Bbands again.
Suggestion 5: Write entry and exit RULES down and never break them in the heat of the moment. Sure...you can modify them and improve them according to market behaviour, but keep emotion out of it.
Good luck.

[billyjoe]

Mr. Market, You've got some great new members. Congratulations, the Mr. Market is Huge website continues to flourish!


"Trust not even your mothers stock tip" (billyjoe)
"Do your own homework" (sister M. Elizabeth)

[shannonkeo]

current portfolio

Here's my current holdings:

ASGR
BEL
BLTI
CLZR
ESMC
GGI
HAR
HZO
INTV
IPAR
MMM
NATR
NUTR
PDX
SAFM
SSNC


Things are going pretty well. I missed my sell point on HZO, and BEL is struggling, but I'm confident in its fundamentals. INTV just had good news and is performing well. ESMC and CLZR have been interesting rides.

[spikefader]

Re: current portfolio

Here's my current holdings .....

hey shannonkeo! Nice lookin' port! You should do well on most of them. I especially like the technical look of ESMC CLZR and HAR!

But.....BEL is a screaming sell to me.
Be very careful holding this one. You could get burnt.

Other concerns on the long side as of today might be IPAR (must hold 20) and SSNC (must hold 24). Wouldn't necessarily short them, but I'd look to transfer these assets to screaming longs like ESMC rather than sticking with so-so ones. If it were me, I'd put the funds into ESMC or CLZR

Here's a chart for BEL from looking at regression channel support failures, and volume. Something very fishy and concerning about the volume selling. This could be in real trouble. http://img47.photobucket.com/albums/...in_trouble.jpg


Good tradin'!

[New-born baby]

ofg

$$MR.MARKET$$HUGE SIR

OFG, on lower volume, dipped to $31.27 on Thursday. Are you still confident about hitting the number with all the uncertainty in the market, esp. financial stocks that have dropped in preference from #3 to 112?

This is not a knock--I am just a new-born baby.