Hot Pick Of The Day

[New-born baby]

Expectancy

[QUOTE=Runner]

Last year, I had a high percentage of winning trades (over 85%)
At this point in my trading life I am looking for 5-6% per month on short term trades (short term meaning five weeks or less). I look for setups in which the stock appears to be on an upswing, and usually I can sell a covered call that will offer to me insurance. Furthermore, I like to be pushing the stock near the ex-date for the dividend. The dividend usually produces a run-up, and so I have an extra measure of insurance here, too.

If one can capture 5% per month, (60% per year with some measure of reduced risk), I think that is pretty good.

QUOTE]
NB, you can do that taking the market in the direction of the trend. Now we all know you’ll have some drawl downs. But heck an 85% hit rate is wonderful. Do you know your expectancy based off each dollar invested? If you’re over .60 your smoking and I need to learn your system. Really NB 85% is saying you know what your doing in this game!!

Runner:
If only my two big draw downs had not been so severe! KBH was a massive hit. And from that hit I learned that calls and puts are essential if you are going to trade the momo stocks. Personally every MM pick I ever bought has picked my pocket. And throw that no good thief ELN in the mix. I won't trade that one anymore. If ever I trade a MM pick again, it'll have a put under it, or some kind of insurance.

[Peter Hansen]

New Born Thanx

New born thanx......I wiill take your advice probably a pump and dump!









I am no fan of the penny stocks. The rule with penny stocks is that if you get a 10% profit, you'd best take it and run. Here's a chart of Rotoblock. The stock was good looking, over $2, and now, .20. Your $200 investment has turned into a $20 bill--minus commisions.

My advice:
1. ask Jiesen for the FA on your pick.
2. Stay away from it.

Sorry that the news isn't better.
http://img375.imageshack.us/img375/3950/chart12rw.gif[/QUOTE]

[Peter Hansen]

New Born Mistake RBSY not ROTB

New Born I made a mistake the chart should be for RBSY Roboserver Systems
and NOT ROTB. There is a big difference although it is still highly specualtive.

[New-born baby]

New Born I made a mistake the chart should be for RBSY Roboserver Systems
and NOT ROTB. There is a big difference although it is still highly specualtive.

I saw your post: RBSY. What I meant to say by posting ROTB was that I received mailings and emails on ROTB like you did on RBSY. The chart looked good. Sot then I asked the penny stock expert: the world famous Jiesen--right here on MM! (If you didn't know it, Jim Cramer often consults him for advice about penny stocks and pharma companies). In any case, Jiesen told me that ROTB didn't have a chance. Period. I listened, and you see how I saved myself some cash. That is my advice to us. If penny stocks don't scare you (they should), then ask the expert Jiesen. He'll guide you.

[Peter Hansen]

New Born Thanx

NB you are right, I can see that upon further analysis RBSY is the classic Pump and Dump stock . After a period of low volume and no activity suddenly volume increases and the stock runs up . The investors (SUCKERS) all rush to buy at the inflated price , and then the principle owners pull the SELL trigger and collect their money leaving a worthless stock for the suckers! As a freind of mine had said , if we could only SHORT the stock both of us would be multimillionaires, but unfortunately you CANNOT short a stock of this type!

[New-born baby]

Runner

[QUOTE=Runner]

QUOTE]
If you’re over .60 your smoking and I need to learn your system. Really NB 85% is saying you know what your doing in this game!!

Runner:
One SIGNIFICANT factor in high percentage winners is this: trade the Cans. Paying you 15 or16% a year, it makes it hard to lose money.

[New-born baby]

the Genius speaks

Yeah, I would have to concur with #2 there. I guess it would have been great to have picked this up at 0.2, 0.4, or 0.8, and who knows, it just might run all the way to $2. But there's no way this company with $25,000 on its books can justify a $57,000,000+ market cap, which is what you get when you multiply the OS by a stock price >$1.

https://www.otcstockinfo.com/repository/655620/655620_FR9.pdf

From what I read so far at pinksheets, this flurry of PR is all just a pump so they can sell a few million shares for the rollout of a better mousetrap (checkout machine). See for yourself at:

http://www.pinksheets.com/quote/quote.jsp?symbol=RBSY

Sure, if they really have some novel product that sells, they could make money, but there's no evidence to show that it'll ever happen, and I sure wouldn't say it's worth $50M for that "potential". Now the chart does look intriguing (not that I really know squat about TA) but so did ROTB and every other P&D on its initial rise. If you buy it, just make sure you're out by the EOD, and set a tight stop. You sure don't want to own it when the TA that's sucking people into this right now breaks down. The only thing moving this up right now is its own momentum, imo, and possibly a well-orchestrated pump by some boiler room guys in Vegas. caveat emptor.

Pete:
The man has spoken. This little lesson ought to reinforce to you why I consult the penny stock expert. I believe (I am a TA MAN) that charts are worthless in the penny stock arena. Too easy to manipulate the stock price. That's why a Jiesen is a necessity. By the way, Jiesen is Czechoslavokian for "Genius." He is.

[Peter Hansen]

NB 2 Good Ones SHOO & PZZA

NB I bought TRID a few days back and I am making money in that one. 2 I like now are SHOO and PZZA .......which one do you think is better of the 2?

[New-born baby]

SHOO--for now

NB I bought TRID a few days back and I am making money in that one. 2 I like now are SHOO and PZZA .......which one do you think is better of the 2?

Right now, SHOO. PZZA is extended, and if you buy it here, you are chasing, IMHO. Both are MoMo stocks, so you need to understand that they can be volatile. What's your plan?
Let me know what you do with either of them.

[Peter Hansen]

NB Just Watching

Right now, SHOO. PZZA is extended, and if you buy it here, you are chasing, IMHO. Both are MoMo stocks, so you need to understand that they can be volatile. What's your plan?
Let me know what you do with either of them.

NB just watching both for now..... a pullback may represent a buying opportunity!

[billyjoe]

New-born,
Do I see a promising double bottom with STX or is it my imagination?

billyjoe

[New-born baby]

Imagination

New-born,
Do I see a promising double bottom with STX or is it my imagination?

billyjoe

BillyJoe,
It's your imagination. What I see is a cup with handle breakout one the daily, but the weekly looks more like a double top breakout, and its looking good for a $5 pop. Here's the chart:

http://img311.imageshack.us/img311/9198/chart10xm.gif

Real nice chart, Billy. I think this one is worth playing.

[billyjoe]

New-born,
Your chart and mine don't look the same, but I can't find my source now. Somewhere on Google. STX also has some major hype going for it just the past couple days. I'm looking for something to happen Monday. My younger son deserves a good one in his account, has had an unfortunate series of market events recently that hasn't happened with the other children, but then again, they can't have identical portfolios, they weren't born at the same time.

billyjoe

[billyjoe]

New-born,
A certain individual named O'Neil says if you buy stocks at the correct time using charts showing them coming out of proper bases they rarely will drop 8% below the pivot point. I just can't believe it unless a person then second guesses themselves saying they misinterpreted the chart and didn't buy at the proper point. I might believe that the worlds greatest stock chart reader might be correct 60% of the time. What do you think? I'm beginning to believe there might be something to this "charting" stuff.


billyjoe

[New-born baby]

New-born,
A certain individual named O'Neil says if you buy stocks at the correct time using charts showing them coming out of proper bases they rarely will drop 8% below the pivot point. I just can't believe it unless a person then second guesses themselves saying they misinterpreted the chart and didn't buy at the proper point. I might believe that the worlds greatest stock chart reader might be correct 60% of the time. What do you think? I'm beginning to believe there might be something to this "charting" stuff.


billyjoe

Mr. O'Neil admitted that less than 50% of his trades were profitable. Thomas Bulkowski, author of "Encyclopedia of Chart Patterns," admitted in SFO mag this year that for his lifetime, he is a 49% trader. The only way, imho, to beat the 50% blues is to trade the Cans, or some similar high divy payer.