All indexes rose across the board, on an increase in volume. That is not saying too much, considering the holiday weekend. But across the board excellent action in the indexes, including a new yearly high for the SP Smallcaps. I wonder where the action has been?
I have been away from computer most of the day so have to keep it short. Bottom line, this market looks alright. Especially that SP Small Cap 600.
New Swing Longs: SPN ATMI MTCT HOS EEEE PRAI ECR LMNX SBTV NOVA RPI
New Swing Shorts: LXK NXTP CSGS(short at 17.50--too extended currently)
Aloha
10 comments:
what is your view on VDWB and MSGI?
Wow.
You want to go broke? Play pennies.
I assume you are new to this game.
The best stocks the past 100 years have all come from the nasdaq or nyse.
My advice, stay far away. I have NEVER EVER met anyone who is a long term successful pennies trader.
You want to gamble? Play poker.
I want to make myself clear. I hate pennies. Cheap stocks are cheap for a reason!
What is your stance on MCX
Mcx has a div. coming up shortly. As you can tell by the chart everytime it has a good uptrend and making alot of money since oil prices are going up. The next earning report is late july or august. A good entry point is on the div when the stock is usually lower. This stock is going to 12 dollars by end of summer imo. If you want to talk my name is grandmastr on stockspot.com and vince on investorsparadise.com.
Josh is one of the best bloggers I have seen on the internet. I like it that he never ever pumps any stocks and gives out very good info. Hes extremely good and I am trying to be more like him.
Penny stocks have no trading signals and can dump any second. Main reason why josh and I dont like them. If you invest in penny stocks, make sure the money u invest is money you can afford to loose.
Always look for profitable companies with good management.
what is your stance on ALAN
Wow, Vince.
That was perfect. LOL.
He is right with MCX, tho I dont have any target what-so-ever, I am still long a small amount (sold 1/2 cause was not performing as great as I thought). I, in hindsight, should not have sold any of it as with all the small oils getting plays, this stock is still and should continue to do well.
It has never broken its 50 day moving average since my May entry. Therefore, I reiterate, I should not have sold the 1/2. But I did.
And on penny stocks...my goodness Vince. You hit the bullseye. There is no way I could have said it better.
ALAN
Yikes. I apologize for this but ALAN is done. I stress never buying any stock in a downtrend, under 50 or 200 day moving average, and in almost all cases under $1.
The best stocks start their big runs between 40 and 60-before splits-and normally never under $12.
Josh do you have any type of instant messaging programs in which I can contact you in real time during the market day. I would like to discuss your techniques and your knowledge with real time stocks.
I am only trading to pay off my college bills.
I am extremely busy during market hours, when I am around. Therefore, I do not use instant messaging services; getting pinged all day is not fun for me.
However, I do use a software chat client called MIRC. I am members of a few great and a lurker in a lot of bad chat rooms. This is for sentiment purposes and to make friends. Othernet and Financialchat networks are where I am at. My handle is Joshua_NControl.
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