FUQI - The I'm Getting Fat Winner!

[yoyomama]

FUQI - The I'm Getting Fat Winner!

A big green candle every now & then wouldn't hurt my feelings!

[yoyomama]

Today I bought stock in Fuqi International at 17.33. I will sell it in 4 to 6 weeks at 19.97.

So here's my question...it could get there. It certainly is going to need some steroids though.

I bought it, sold it made some money, bought it again & lost money.

The question...it's obviously down & you guys talk about setting stops - did you put a stop on this or do you just let it go way low and wait until it gets to your target price. As volatile as this stock is it could certainly get there but it's tough seeing it this low and waiting it out...no?

[mrmarket]

So here's my question...it could get there. It certainly is going to need some steroids though.

I bought it, sold it made some money, bought it again & lost money.

The question...it's obviously down & you guys talk about setting stops - did you put a stop on this or do you just let it go way low and wait until it gets to your target price. As volatile as this stock is it could certainly get there but it's tough seeing it this low and waiting it out...no?

It's all about the earnings. If the stock price goes down while the earnings stay high, then it's pretty damn cheap.

[yoyomama]

It's all about the earnings. If the stock price goes down while the earnings stay high, then it's pretty damn cheap.

Hey honestly I'm not trying to start anything...you are HUGE!

If it's at 15.55 & you bought at 17.33 then the earnings are not too good...so do you have a stop set usually or you just let it ride?

[mrmarket]

Hey honestly I'm not trying to start anything...you are HUGE!

If it's at 15.55 & you bought at 17.33 then the earnings are not too good...so do you have a stop set usually or you just let it ride?

I think you are confusing "earnings" and "returns"...I do not set stops.

[yoyomama]

I think you are confusing "earnings" and "returns"...

Heh, yeah I was pretty sure what you were saying but since the stock was down I couldn't quite figure out the equation. Down is down.

I do not set stops

This explains it though...thanks man!

[mrmarket]

Heh, yeah I was pretty sure what you were saying but since the stock was down I couldn't quite figure out the equation. Down is down.


This explains it though...thanks man!

A stock doesn't know that you bought it or what you paid for it, therefore its behavior has nothing to do with when you bought it how much you paid. So why put in a stop?

Say someone bought it at 20, someone else at 13, someone else at 15....they would all have different stop points...that has nothing to do with the opportune time to sell it.

[g92069]

At any rate, I'm in @16.01 (1500 shares). Looking forward to riding it to $20.
Yoyo, I read on here once where you said you go more by gut instinct, than an in depth technical analysis (I'm paraphrasing). I generally do the same.

I don't set stops either. I go with my initial buy and decide when to sell at the sell moment. I lost $2500 last week on a penny stock (OSCI) gamble. New it was a gamble going in, made a decision to cut my losses when my gut told me I should. It is down another .13 since (X20K shares). No stop, but glad I sold when I did.

Anyway, FUQI was down as low as 14.01, I believe....If I would have set a stop at -7%, I would have just thrown 3 grand away. Back up in the low $16's now.

Have fun bro, it's just gambling without the dim lights, smoke, and alcohol!

[yoyomama]

At any rate, I'm in @16.01 (1500 shares). Looking forward to riding it to $20.
Yoyo, I read on here once where you said you go more by gut instinct, than an in depth technical analysis (I'm paraphrasing). I generally do the same.

I don't set stops either. I go with my initial buy and decide when to sell at the sell moment. I lost $2500 last week on a penny stock (OSCI) gamble. New it was a gamble going in, made a decision to cut my losses when my gut told me I should. It is down another .13 since (X20K shares). No stop, but glad I sold when I did.

Anyway, FUQI was down as low as 14.01, I believe....If I would have set a stop at -7%, I would have just thrown 3 grand away. Back up in the low $16's now.

Have fun bro, it's just gambling without the dim lights, smoke, and alcohol!

It kind of just depends...I had ETFC before their big secondary offering. It dropped like a rock at the end of the day before the announcement. I stood in there & decided I'd ride it out. Wish I'd had a stop on it. That night they diluted the sh*t out of it. Lost way more than $2500. It's not ever coming back to where it was. We all have our stories though. I wish I hadn't sold FUQI when I did...might get some more though....good day.

[mrmarket]

All I can say is 2 words:


YOU SEES??!!

[IIC]

Bling Bling

Who's this guy w/ his new FUQI necklace???

[LemonButt]

I don't know, but it looks like he's enjoyed more than his share of fine meats and cheeses. You could even say he's huge...

[yoyomama]

All I can say is 2 words:


YOU SEES??!!

Hey I jumped back in this morning & got alot of my money back.

[alice4321us]

Up 27% in 2 Days - Freakin' Amazing!!!

All I can say is 2 words:


YOU SEES??!!

MR MARKET does it again, although my target has been hit... He will let it ride to his target...

[steelman]

Still in here!! Would love to see it hit $$$MM$$$'s target. I ended up buying at $15.80 because I didn't see the pick until a couple of days after it was out.

You sees, you sees??!! Never doubt the HUGENESS of $$$Mr. Market$$$

Thanks Ernie!!