for the momentum players...

[peanuts]

WTG.... 12% on a month is a great play imo.

Peanuts, Do you intentionally pick stocks with very low volume?.... What (general) size positions do you buy in these low volume plays?

Lyehopper,

These are pretty risky picks, so timing has everything to do with it. I have a general watchlist and price levels to watch for each stock. (sorry, not sharing this info) Some key characteristics of each are this:

1.) positive earnings or proof of future positive earnings- preference to earnings growth YOY Q's
2.) low float (I like less than 10 million in float) - the lower, the better
3.) low volume is an effect of the low float, but I like to see a few days with 3-5 times higher volume than average... someone is buying large amounts at once
4.) I like the stocks with a mkt cap below enterprise value, but it is not necessary
5.) future catalysts to boost price
6.) low market cap... micro caps, really

I watch the stocks diligently on my watchlist. When they look extremely cheap, or are picking up momentum, I buy and wait. Sometimes with these low floaters, the MM tries to burn you with the buys, so I have to place several orders... oddly enough, I find that if I place a small market order in the beginning of the day and several limit orders lower, then all of it gets filled. I have no idea why this works... The days in which the volume picks up are the best days to buy and sell. Your orders get filled much faster and they cannot manipulate the price as easily on you. For example, this morning, there was a 3000 share ask @ 11.50 w/ MVCO, after I took that out, it dropped all the way to 11.43... it's the way the market works with these low floaters

I will send you a private message to tell you the typical dollar figure that I place in each of these

[peanuts]

Sold 100% MVCO today at 12.50 to 12.43 for 12.33% gain over 1+ month.

Holding cash for next week

Current MOMO positions:

USLM, avg $29.62
KMGB, avg $7.15

I couldn't help it... I bought more USLM at $29.50 on the fire sale today- notice the price action today. Very risky trading these stocks and certainly not for the faint of heart. USLM is extremely undervalued and not well known.

Current MOMO positions:

USLM, avg $29.5842
KMGB, avg $7.15

I can't believe that those 100 share trades drove the price down today... damn MM

[Websman]

Peanuts...Dude...Keep posting! You seem to have a good thing going here.

[peanuts]

MOMO update

I couldn't help it... I bought more USLM at $29.50 on the fire sale today- notice the price action today. Very risky trading these stocks and certainly not for the faint of heart. USLM is extremely undervalued and not well known.

Current MOMO positions:

USLM, avg $29.5842
KMGB, avg $7.15

I can't believe that those 100 share trades drove the price down today... damn MM

Traded out of KMGB at $8.20 (14.5% gain in <1 Month) and opened a position of NTI at $6.60

Current MOMO positions:

USLM, avg $29.5842
NTI, avg $6.60

[peanuts]

MOMO update

Traded out of KMGB at $8.20 (14.5% gain in <1 Month) and opened a position of NTI at $6.60

Current MOMO positions:

USLM, avg $29.5842
NTI, avg $6.60

WOW!!!!, got out of NTI very fast. In about 3 hours, I made 7.5% when I sold 100% of NTI at $7.10

Current MOMO positions:

USLM, avg $29.5842

[peanuts]

MOMO update

WOW!!!!, got out of NTI very fast. In about 3 hours, I made 7.5% when I sold 100% of NTI at $7.10

Current MOMO positions:

USLM, avg $29.5842

I'm putting the cash to work. I just bought VIMC at 10.35. This is not my typical type of company (fundamentally speaking) to buy, but I am getting technical buy signals and I am bullish on China's cellular business. Another on my watchlist for this sector is CNTF, but I do not currently hold that stock.

I have witnessed the growth in cellular business in China firsthand. My problem is that I do not know the lone company that will be the best for the enormous growth potential. But the best thing is, is that I don't think anyone else can answer that question with any certainty either.

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg 10.35

[peanuts]

performance to date

I had a few extra minutes, so I decided to check the performance of my MOMO stocks since I began this thread. Here's the info:

GV, 68% w/ $1.2371 AVG price
AERTA, 45% w/ $2.06 AVG price
MVCO, 12.33% w/ $11.11 AVG price
GRRF, -12% w/ $12.21 AVG price
GV, 28% w/ $1.3286 AVG price
TCX, 13% w/ $.84 AVG price (recalculated due to error on inital post)
USLM, 7% w/ $29.62 AVG price (position is still open, only 1/3 sold initially)
KMGB, 14.5% w/ $7.15 AVG price
USLM (open position added to, new average price of $29.5842)
NTI, 7.5% w/ $6.60 AVG price
VIMC (open position with AVG price of $10.35)

The average percentage gain on the average price is 20.37%

[Websman]

Nice job Dude! If I ever get to retire, I'll join you in the fun.

[peanuts]

MOMO update

I'm putting the cash to work. I just bought VIMC at 10.35. This is not my typical type of company (fundamentally speaking) to buy, but I am getting technical buy signals and I am bullish on China's cellular business. Another on my watchlist for this sector is CNTF, but I do not currently hold that stock.

I have witnessed the growth in cellular business in China firsthand. My problem is that I do not know the lone company that will be the best for the enormous growth potential. But the best thing is, is that I don't think anyone else can answer that question with any certainty either.

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg 10.35

I now have 85% of my postfolio at work. I just bought VSTY at $3.45. Today is a high volume day, earnings are coming soon, this will be a nice gainer. Still looking for another play that will give me a quick +7%.

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg $10.35
VSTY, avg $3.45

[lemonjello]

When you say MOMO; does that mean MOMO up or MOMO down? Or both?

I now have 85% of my postfolio at work. I just bought VSTY at $3.45. Today is a high volume day, earnings are coming soon, this will be a nice gainer. Still looking for another play that will give me a quick +7%.

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg $10.35
VSTY, avg $3.45

[peanuts]

When you say MOMO; does that mean MOMO up or MOMO down? Or both?

When I say MOMO, I mean that sometime in the near future, there will be positive momentum for the stock. It may not necessarily be occurring when I purchase the stock. These stocks are poised for large percentage moves (positive and negative) They all have low floats, so the supply side to the Supply x Demand = Price equation is very low. When demand picks up due to a catalyst or change in earnings growth, then the price will meet the proper point in the equation. These are all small and micro caps, so the real demand is always small when comparing to most of the market. The slope of the supply line is normally very steep for these stocks, so that is the reason for the high percentage swings. Even if demand doesn't change very much, it can still lead to a big percentage gain in price. Now when a major catalyst happens, the demand slope increases drastically... so that gives another reason for high price swings.

When I post that I purchased a stock in the MOMO portfolio, it means that the stock has begun to trade in an inefficient market, where Supply X Demand does not meet the real value of each share... price is the key.

This is what has worked for me... it's not a perfect system in that I can accurately predict prices within a time frame, but I pretty good at finding stocks that will gain 10+ percent in less than 4 months... sometimes more


if what you want is a path
trading is not a perfect math

[Lyehopper]

When I say MOMO, I mean that sometime in the near future, there will be positive momentum for the stock....

That sounds like "fuzzy MoMo" to me dude....

[peanuts]

That sounds like "fuzzy MoMo" to me dude....

You're right, I'm closing this portfolio tomorrow... no more fuzzy stuff! I want clear concise picks that are certain to gain 100% in 3 days and 3 hours and 3 minutes... that's 2 times my money or... OH MY GOD!!!!! 666!!!!

COMICPORCH...... HELLLLLLLLLLLPPPPPPP!!!!!!!!!!!!!!!!!!!!!!!!!



The road we travel always ends
but the price of oil, well, that depends

[peanuts]

I now have 85% of my postfolio at work. I just bought VSTY at $3.45. Today is a high volume day, earnings are coming soon, this will be a nice gainer. Still looking for another play that will give me a quick +7%.

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg $10.35
VSTY, avg $3.45

I have a feeling that many micro and small caps will see $$$HUGE$$$ gains to start off this next bull run. I like the ones with positive earnings and growth prospects. I nearly got scared out of VIMC today, but then they finally filed their accouting adjustments. It looks bad from the outside, but they now are reporting correct numbers, and they still aren't too shabby. We will see more once their 2nd Q is filed. VSTY is beginning to hurt a little.

I still have not found the 7% gainer that I feel confident to put in this MOMO portfolio, so no changes to this:

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg $10.35
VSTY, avg $3.45


Some call it cocky, some say confidence
I say it's peanuts in a room full of elephants

[lemonjello]

VSTY may be bouncing soon. It's approaching the bottom of the chart.

I have a feeling that many micro and small caps will see $$$HUGE$$$ gains to start off this next bull run. I like the ones with positive earnings and growth prospects. I nearly got scared out of VIMC today, but then they finally filed their accouting adjustments. It looks bad from the outside, but they now are reporting correct numbers, and they still aren't too shabby. We will see more once their 2nd Q is filed. VSTY is beginning to hurt a little.

I still have not found the 7% gainer that I feel confident to put in this MOMO portfolio, so no changes to this:

Current MOMO positions:

USLM, avg $29.5842
VIMC, avg $10.35
VSTY, avg $3.45


Some call it cocky, some say confidence
I say it's peanuts in a room full of elephants