Skiracer's stock slopes

[riverbabe]

I have bought 3,400 shares at 1.07

If you average these down, you will end up with 13,600 shares @ 1.0175. Right now you have $3,638 at risk. Do you really want to put $13,838 at risk? And that's a lot of shares to get rid of. There might not be enough buyers at the price you might ask, so you might have to settle for less.

Why not just put in a limit sell @ 1.07 or 1.06 or 1.05? to cut your losses that way. You might be surprised. But you better hope it doesn't go back to and stay around 0.98 first.

[skiracer]

Can someone please help me in caluculating how much my average could be if I decide to buy more stocks in which im negative...

For example...

I bought ADAT at 1.07 and being that its around 1.00...im thinking about buying more at that price to average out around 1.00 and then selling to make up my losses...

Is there a way to caluclate how much I have to buy to average out even...

Any help would be appreaciated

thx

after careful review i realized that my calcs were wrong. sorry houston and sorry riverbabe. i think you were closer to being right than i was. i taking a new look at the problem now.

[riverbabe]

[B]I don't know what you pay in commissions so i'm not including them in the numbers.
1000 shares @ $1.07 = $1070.00
1070 shares @ $1.00 = $1070.00
2140 shares / 2 = $1070.00 average per 1000 shares which would put you at even with the first trade not including your commissions whatever they may be. so the equation would be: total number of shares X $1.07 + total number of shares at $1.00 that would equal the amount you paid for the total amount purchased at $1.07 / 2 should put you at breakeven less the commissions.

see, Houston? He's just so much smarter than me!

[skiracer]

see, Houston? He's just so much smarter than me!

but not anywhere near as smooth, silky, or hot river.

[billyjoe]

I sell for a loss but make up for it in volume.

----------billy

[riverbabe]

I sell for a loss but make up for it in volume.

----------billy

?? not sure what you mean billy.

[skiracer]

see, Houston? He's just so much smarter than me!

river,
what you should have said is "that he's much dumber than I". my calcs were wrong. sorry.

[billyjoe]

?? not sure what you mean billy.

River,
It was supposed to be a joke. Maybe like a loss leader "Sure we lose a little on each one, but we're sellin' thousands of 'em".

----------billy

[wooish]

Thanks for the article and analysis. At the current market condition, it's a day trader's heaven.

[skiracer]

Thanks for the article and analysis. At the current market condition, it's a day trader's heaven.

i guess so wooish if that's what you want to do, but you still have to pick the right ones though.

[skiracer]

I sold my position in JBII this morning at $6.90 to $7.00. i am also beginning to sell off my position in ADAT today into any strength and will continue to sell off until i am out of the trade.
I entered NYB this morning at $15.75 and will post a chart later with my feelings on the chart.

[wooish]

Ski

We do think alike. I was about to post that I sold ADAT this morning break even. I would buy again anywhere from .97 to $1

[skiracer]

Ski

We do think alike. I was about to post that I sold ADAT this morning break even. I would buy again anywhere from .97 to $1

i'm have been holding a rather large number of shares and have been selling off since it went up to $1.09 this a.m. i'm still selling into this morning spike up but am still not completely out of the trade yet. i guess that's some of me bringing it down a little bit at a time right now. it looks like i am going to average in around $1.05 to $1.06 with the trade which would put me up 3 or 4cents on average. i was looking to do much better with the trade but if i get out today at these prices i won't be unhappy. i would take the gains from this trade and put them back into a re-entry if it drops back down to $1 or lower. i still like the company and their products but it was just not making the move i expected from the beginning.
all done and out of ADAT completely.

[skiracer]

I bought NYB this morning at $15.75. here is a chart on why i like the stock and the trade setup. i like the stock to go to $18 to finish off the right side of it's cup base. somewhere around $18 level it should begin to make it's handle which would bring a small selloff on lessening volume before the breakout from the cup and handle base which is the normal sequence of events. if the pattern developes as i would expect it to and finishes the cup base and handle the ensuing breakout should drive the price up to the $20 - $22 range. if you were to go to Barchart.com and take alook at the stock you will see that they have a 100% buy rating and all the signals are strengthening and strong buy. it is also in what appears to be beginning it's 3rd wave up in it's ellliot wave count. 3rd waves are strong moves up in the sequence of the 5 waves. the anticipated 5th wave is also a very strong move up so you would have that to look forward to. if the 3rd wave were to finish off around $18 and the 4th wave, which is always a move down, fills in the handle, then the 5th wave would be the ensuing breakout wave to the upside. MSN Money also has it as a 10 rating which is their highest and strongest rating. it's worth taking a look at and still cheap right here.

[wooish]

Very nice chart Ski. I wish I can chart the way you do. I think it'll get to $18 easy, take a breather then breakout above $20.