Starting a new stock picking thread-begin with RTGV

[Ken785]

Just bought GLUU and later today, RARS.

RARS - Ouch!...you gotta be crying now

 

[Poonani Maker]

RARS - Ouch!...you gotta be crying now

yup, fvck man, I got reamed the next morning couldn't sell cause it dropped so fast. good thing I didn't wager that much. I'm still losing my as5 on everything I've traded this week except UVXY and Gluu. Just increased position in QPSA this morning. Should go to $5. I'm betting on interest rates rising too. Don't know when, but it will. That's where I've been hit the most. Bonds suck, but the Fed keeps buying them with our money. Inflation should be skyrocketing, but due to Euro falling (which increases (deflation) our dollar), inflation is being offset by the failure of another currency. Of course, when that finally falls, all nations will most likely turn their focus to Us, and our credibility, and may stop using our currency as a safe haven or to purchase oil. If/when that happens, look out below, we fvcked.

 

[Ken785]

yup, fvck man, I got reamed the next morning couldn't sell cause it dropped so fast. good thing I didn't wager that much. I'm still losing my as5 on everything I've traded this week except UVXY and Gluu. Just increased position in QPSA this morning. Should go to $5. I'm betting on interest rates rising too. Don't know when, but it will. That's where I've been hit the most. Bonds suck, but the Fed keeps buying them with our money. Inflation should be skyrocketing, but due to Euro falling (which increases (deflation) our dollar), inflation is being offset by the failure of another currency. Of course, when that finally falls, all nations will most likely turn their focus to Us, and our credibility, and may stop using our currency as a safe haven or to purchase oil. If/when that happens, look out below, we fvcked.

GWBU - Its going to have a nice gap up tomorrow bro! :rockon:

 

[Poonani Maker]

GWBU - Its going to have a nice gap up tomorrow bro! :rockon:

hmm, very risky

Just bought CEDC. I'm trying to fight my way back from 20% in losses (not realized on 50% of the total though) on the year.

 

[Ken785]

hmm, very risky

Just bought CEDC. I'm trying to fight my way back from 20% in losses (not realized on 50% of the total though) on the year.

Imo... RARS was way more risky... You just gotta trade it. Don't invest in pennies!!

Get in...make a percentage... Get out. That's the name of the game. Sometimes ill buy in on a stock and sell it the same day...:yes:

 

[BigJimbo]

Imo... RARS was way more risky... You just gotta trade it. Don't invest in pennies!!

Get in...make a percentage... Get out. That's the name of the game. Sometimes ill buy in on a stock and sell it the same day...:yes:

And day trading is so 1988. Every cool unemployed dude had the number of his broker memorized. It was part of his mantra. "I am not a loser because I have a broker". I blame that B.S. film "Wall Street" for the mayhem. Only good thing from that movie was...

http://www.youtube.com/watch?v=TTPqPZzH-LA
Damn Fine Song. I have this on my vk.com playlist! F--- Facebook!

 

[Ken785]

And day trading is so 1988. Every cool unemployed dude had the number of his broker memorized. It was part of his mantra. "I am not a loser because I have a broker". I blame that B.S. film "Wall Street" for the mayhem. Only good thing from that movie was...

http://www.youtube.com/watch?v=TTPqPZzH-LA
Damn Fine Song. I have this on my vk.com playlist! F--- Facebook!

Maybe the "calling your broker" thing may be something from 1988, but now, most 90% of all trading is done by computer bro.

...and i was right...nice gap up today on GWBU.

 

[Poonani Maker]

Maybe the "calling your broker" thing may be something from 1988, but now, most 90% of all trading is done by computer bro.

...and i was right...nice gap up today on GWBU.

I will private msg you, ken, about a pick, I got stopped out of CEDC for another loss (a string of 5% losses over the last few weeks, really painful. I have a pick though that I entered today, that I think will make me money, don't want to share here. Just a sec.

 

[don't]

"never enter the market withoutn an exit stategy". Only a fool is in any stock without a 10% stop loss order being in place. He's also always got 1-2 more stocks that are unrelated to the first one in any way, and which have good fundamentals and whose charts look promising.

 

[Ken785]

wow...RARS and ATRN went BOOOOMM today!!

 

[Ken785]

E-trade or Fidelity are good. Dont know of any books to recommend though....try to google it.

 

[Poonani Maker]

E-trade or Fidelity are good. Dont know of any books to recommend though....try to google it.

Yea, ditto, and I always use/flip through about 8 sites but the main ones are StockCharts.com, Yahoo Finance, ZeroHedge.com (for my "fear" news, a lot of it valid, deep and technical though somewhat conspiratorial and gold-buggish), and a handful of others. It may be wise to do a TVIX or UVXY play next week. This market is sounding the alarms, looking very bearish, with half the distance or more to still continue going down IF the market decides to take it that way, and IF the fed/ECB don't step in and intervene with heavy-handed QE3. You just don't know what manipulation will enter in or when it will enter in. If there wasn't outside tinkering (government risk, as it's called), your decision-making wouldn't be so clouded. There's from day-to-day, week-to-week, too many "surprises" that are either headfakes or Real that can change the direction of your holdings on a dime, EVEN though nothing has really Changed in the last 24 hours beyond investor sentiment. This is why it's a casino online, basically, and a broken financial system. They should do away with investment bankers being able to see and Act on our orders as our (small retail investor's) orders are being placed. This should absolutely be Illegal! but it won't be cause we all know who lines our (corrupt) politicians' pockets and buys their votes and every move, that's right, BIG money, big money campaign contributions i.e. bribes and payoffs.