There's no need to go into an extensive analysis as to why AVVC.OB can make 75% or more gains within the next 30 days. All of these pumps follow the same pattern. Just read my last post regarding ALZM at http://theperfectstock.blogspot.com/2011/03/31811-big-money-promotion-makes-allezoe.html and basically substitute the ticker symbol to AVVC.OB. This particular stock currently sits at $1.27/share and has a $1M promotional budget, which happens to be a little larger than ALZM's. Generally speaking, the bigger the promotional budget, the better the chances are of a successful pump. See the link http://www2.smallcapfortunes.com/avvc2/ for one of the company's promotional materials.
See below for AVVC.OB's chart:
You can see that on Thursday 4/21/11, the stock had a classic pull back after hitting that $1.40-$1.50 area that I've discussed many times on the blog before. The volume has been particularly impressive. What I anticipate is that there will either be another drop on Monday (a gradual one throughout the day or just a quick morning dip) or AVVC.OB will move higher from the start and not look back. Either way, I expect the price to move higher no later than Tuesday 4/26/11. If it doesn't, that would be a huge red flag.
The $2.50 - $3.00 range remains the target. Keep in mind that nothing is guaranteed when it comes to the stock market. All you can do is select stocks where the odds of it going higher are greatly in your favor and hope for the best. In my opinion Avatar Ventures Corp (AVVC.OB) is the next perfect stock.
Avvc will be breaking 1.40 IMO this am i think Thursday was the drop we were looking for whats your opinion card
ReplyDeleteSimon, I said today would either be another pull back day or it would move higher and never look back. So far, the latter has proved to be correct.
ReplyDeleteLEXG is still having those wild short covering swings. Amazing!
Simon, I cannot yet confirm the promo budget on QLTS. Right now, it is just a strong rumor. However, we all know that stock market "rumors" have and always will be buy signals.
ReplyDeleteSimon, looking at the list of stocks Shakerzzz has pumped the past few months, none of them have really done what I would call "super well". However, I haven't known of any of those other stocks to have a $2.2M promo budget either. It looks like a pretty safe hold for today, but I'll be watching it closely tomorrow for any funny business.
ReplyDeleteWichisf, I'm not liking the action with MUZC. It hasn't been responding like ANOS. Of course it could still move, but there are better plays on the market right now IMO.
ReplyDeleteFASV continues to disappoint. The stocks that seem to be working best right now are QLTS and AVVC.
LEXG at $4.09 now. Wow!
ReplyDeleteIf the pattern continues in both volume and volatility, I think LEXG will hit 5 tomorrow.
ReplyDeleteBig ifs, but possible.
Card, did you see BRZL?? Up 100% today alone! I should've bought more!
ReplyDeleteI bet BRZL sees .05+ once the RM is complete. Some on IHUB say it could go to .25 upon RM completion!!
You know there are those rare RM plays that go up 50,000% or more!
Michael I think you might be right about LEXG. If it tanks again tomorrow morning, I might try and pick up a few shares. The short covering pops are phenomenal. I've been in and out of it about 5 times.
ReplyDeleteNice buy P by you and a few others that drop by here on BRZL.
I've been riding LEXG a handful of times also.One more time tomorrow and I may become a spectator.
ReplyDeleteSome people reference AVVC or QLTS to being the next LEXG. Wasn't LEXG pumped by a different group of people or different person? Also LEXG had a 3.2M budget. Netherless my question is why did QLTS fall from $3 to $.50 and just start moving now; was anyone able to find a link for a promo thanks =) (seems a little fishy).
ReplyDelete@Card I found this on twitter
ReplyDelete@timothysykes you put $AVVC on your list already as a 'possible short?' Really... Did you delegate your list writing to an unpaid intern?
Sykes confirmed he is looking at avvc for a possible short. Why would he be doing this so soon card ?
I finally found confirmation on the promo budget for QLTS. The budget is $2.5M. See the disclaimer at the bottom of this link http://www.hotshotstocks.com/profiles-details_QLTS.htm .
ReplyDelete@Owen I was thinking the same thing I've been watching twitter and there is two people blowing it up and both of them lead back to shakerzz I am wondering if shakerzz isn't running a big hype campaign.With all these huge promo budgets lately right now would be the perfect time.
ReplyDeleteSimon, it looks like AVVC is trying to sucker shorts in and then trap them by forcing them to cover at higher prices. A lot of pumps use "short trapping" as fuel to move a stock higher. That a big reason why LEXG has had so many wild swings. I think it will move back up.
ReplyDeleteI distinctly remember LEXG having some days almost identical to what we are seeing now with AVVC (bouncing off a bottom support two or three times). It's easy to forget that.
ReplyDeleteI guess LEXG's not going to give us that big shake until it reaches the 5's. I hope it shakes all the way back down to $3.50's.
Yeah, I'm just hesitant to use LEXG as the rubric for AVVC. LEXG, it seems to me, is its own for of phenomenon (of course was not around for HHWW, nor FCPG, nor do I know their budgets). Nonetheless I'm much more comfortable seeing AVVC through the lens of KNKT or ALZM. Of course if we looked back, your point may still apply here too.
ReplyDeleteDo you mean to say you're going to BUY LEXG if it dips/shakes to 3.50?? After a tumble like that I would - and granted I'm an amateur - think that the ride was OVER, and just prepare for a lot of sideways trading/flipping.
Some folks that I am talking to are relating the stagnation with AVVC today to the nature of the news announced yesterday. Something about the financing "allowing" folks to get it at 1.30 (likely all day today)... but I'm too dim to have the first clue what they're talking about.
ReplyDeleteOwen, my rule for big "shake buying" is buy if the shake occurs swifly and gives up a large % of early day gains on 25% or less of the overall volume. For example, if a stock goes up 15-20% steadily on 5M in volume and then gives back all those gains in the next million shares traded (this happened in LEXG a day or two ago), the stock would be a buy to me.
ReplyDeleteThere hasn't been much to conclude from AVVC the past couple of hours because the volume has been next to nothing. You'll probably see a big move one way or the other once the volume returns.
QLTS looks like a pump with no volume. That's a bad combination.
Card,
ReplyDeleteAs always -- as a newbie -- I greatly appreciate the insight into your reasoning. It's hard to come by with some folks. So thank you!
I'm long AVVC, in at 1.25.
My reasoning is not nearly so technical/nuanced. I just have a feeling based on the past pump performances from these folks.
I dare say I'm looking for 100%
holding a small position on AVVC just to test it out. got in at 1.27 I think you're right on the 1.35 resistance but I'm not sold on finishing green today...we'll see
ReplyDeletethanks on LEXG. I'm tempted for one more ride if it gets into low 4's or high 3's.
I hope the volume comes back in AVVC tomorrow. Only about 350K shares have traded in the last 4 hours. That's why it has gone nowhere.
ReplyDeleteWhy are we not just supposing that we're witnessing the standard dip (ala KNKT/ALZM) right now? Prior to this, I don't see anything that could be rightly called such a dip prior to know, no?
ReplyDeleteI want to agree with you on AVVC, especially since I have a position albeit a small one. Nevertheless the low volume toward closing does concern me and there is no guarantee all pumps work despite encouraging patterns.
ReplyDeleteYour logic is sound and I'd like to see it pan out. Trading however is often illogical and emotion fueled. If the volume diminishes and the volatility isn't fueled we may have a problem. I sure hope not.
ReplyDelete...This seems to always happen to me whenever I buy a stock first goes down before up. Hopefully this will find support at 1.27 and bounce upwards tomorrow, @Card are you in?
ReplyDeletePatrick, I am in AVVC.
ReplyDeleteHMNC has a suspicious chart. It's on watch.
The action in AVVC suggests that the MMs just don't want to move this up yet. It seems they'll step in to support the price to a point. However, once they are satisfied that they've supported the price to a certain level, they pull the volume. Right now, the two approaches are either wait it out and hope the MMs eventually move it higher or revisit once the trading confirms that it is going up again. I chose the latter.
ReplyDeleteMichael, it's possible, but at this stage LEXG is totally unpredictable. I saw an obvious breakout and felt it looked fairly safe for an intraday trade. I wouldn't even consider holding this overnight.
ReplyDeleteI saw the breakout also but chickened out at the last minute. I'm hoping for a fast and furious pull back around 5 or high 4's and maybe I'll jump in for another ride.
ReplyDeleteI can see 7.5 but at 8 you're asking for it.
ReplyDeleteAt this point however, why not roll the dice a bit?
Stocks like LEXG is exactly why if I had any special powers, it would be to be able to see the future. It would be a dangerous gift, but you'd undoubtedly be rich.
ReplyDeleteTim, I wish. Today, LEXG is trading like this will be the last big blowout day. All the great pumps have one huge day that signals the end of the play. The volume is on pace to reach an all time high. That's also a positive signal. Sometimes the daily gain for those pumps have been as high as 100%. $10's would be a stretch, but it is not out of the realm of possibility since this started the day at $5.
ReplyDeleteCard - I know LEXG is all over today but since I missed it I am looking for another LEXG in making.
ReplyDeletehow about PAYD or GHLV?
I am looking at 5 Min chart and volume is low. Volume is 200K on each bar which is higher than other 5 min bars.
ReplyDeleteI might be wrong. As someone just mentioned. You are THE man. I am closely watching....
Rohan, LEXG may not be over today. They are dropping it a good bit. Could this be the end or a setup for one last monster squeeze to get the price to $10?
ReplyDeleteCard,
ReplyDeleteWhen you get a chance, take a look at the PSPW chart and offer us your opinion, if you would.
Big dip here on LEXG, is this it?
Wondering what you did.
Nice, buy Michael. I actually averaged down on the dip. This has the makings of a monster move. We'll see!
ReplyDeletecard - are you sure LEXG is not yet done?
ReplyDeleteMichael, you've got good instincts, but I'm not even considering it.
ReplyDeleteAfter yesterdays shake and today's morning drop do you think AVVC is finally ready to roll? If it isn't up tomorrow should I get out? Might this be another FASV =(?
ReplyDeleteCard, what specific breakout indicator and circumstances did you see for LEXG that told you it was going to breakout?
ReplyDeleteTim, Card is attempting to get stock knighthood!
Patrick, it's up to you, but I prefer to play pumps with consistent volume. The inconsistent volume seen the past couple of days IMO tells me that the MMs for AVVC have yet to commit to it fully. The private placement may be one of the reasons why. They might also want to allow some of there buddies to get some more cheap shares before they let it go. I eventually think they will fully commit, but I prefer to wait until they do so. The volume is still to high to be a FASV though right now.
ReplyDeleteP, check out the 3-day 5min chart for LEXG and you'll see a very prominent trading range between $5 and $5.50. The $5.50 break signaled the breakout.
ReplyDeleteThanks, also do you think QLTS is a stay away from? Was the pump a scam after all? 2.2M would be a crazy budget, maybe another LEXG if it is true?
ReplyDeletePatrick, the volume is coming back in AVVC. Once this becomes sustained, I'll definitely be back in it.
ReplyDeleteQLTS still could be legit, but right now it has a volume problem. I won't be interested in it until I see 1M+ shares traded daily.
Michael what's your guess for LEXG's high today? I think it'll take out $8, but I don't think there's enough time for it to go too much higher. If you assume the last 15-20 minutes will go to profit taking, I'm thinking $8.50 at the max.
ReplyDeleteCard - Any views on PAYD?
ReplyDeleteInstead of the last 15-20 minutes in LEXG being profit taking, it was short squeezing. If this guy has one more day in it, a break of $8 will easily send it to $10+ according to the chart. I'd have to watch the morning action to play though.
ReplyDeleteAVVC is looking good now that there appears to be some sustained volume. A 52Wk high break sends this on its way to where we all figured it would go.
Rohan, PAYD's chart looks good, but I'm not a big fan of the share structure (almost 300M). $.40 has been the top resistance forever. A solid break of that number could lead to another 20-25%.
ReplyDeleteHas anyone ever tried to buy PRMO shares at .0001 and sell them at .0002? They go up from .0001 to .0002 a couple times a day; that's how it looks like on the chart at least.
ReplyDeletePatrick, often times they either won't let you buy at .0001 or they won't let you sell at .0002. Those are always too good to be true.
ReplyDeleteI had to be away from my computer this morning so I couldn't follow LEXG. From what I'm seeing now, the trading has been textbook when it comes to following chart breakouts. Looks like $10+ is a strong possibility.
ReplyDeleteI'm starting to wonder if the "promo game" is slowing down. QLTS ($2.5M) and MDAV ($1M) are two of the newer big money pumps and they have had very weak volume. I guess it all depends on how the pump is executed.
ReplyDeleteThere must be no shares left in LTUM. No dip whatsoever. AMLM is trying to keep up though.
ReplyDeleteWow! The shorts are murdering the Lithium stocks now.
ReplyDeleteIs AVVC just fizzled cause of the overall lack of volume, or are you looking for a comeback?
ReplyDeleteJim, I don't think AVVC is necessarily dead (although I wouldn't own it right now). The volume is relatively lower for a down day, but still decent, which isn't terrible. Right now, I'm taking the "wait and see" approach. I would not even consider buying it again though unless it solidly breaks $1.45.
ReplyDeleteP, LEXG tanked because it was overbought. Clearly, the pump is now over. After getting pounded for days, the shorts finally get their revenge. Today's result was inevitable after so many consecutive up days.
Are you guys thinking about taking some position in BRZL? I enjoy this blog! Thanks!
ReplyDeleteChristiansings4u, BRZL is looking good. I've got it, JAMN, KRMC, and QLTS on watch Mon.
ReplyDeleteKRMC is setting up nicely for a strong steady climb this afternoon. I wish I had bought more at the open.
ReplyDeleteany thoughts on DUCP?
ReplyDeleteCard - Is it okay to get into QLTS now (because it has broke .70 and .80)?
ReplyDeleteMichael, I've almost bought DUCP about 4 times the last 2 weeks, but never did. To be quite frank, I'm afraid of it now after such a long steady move.
ReplyDeleteRohan, that was my thought on QLTS. I bought a little just below .80. I'd still like to see more volume, but I think most people will buy the breakout particularly with a big budget pump in place.
AVVC dragging me down, anyone else still in?
ReplyDeleteWas there ever a pump with large volume that failed?
AVVC has the volume, price and history for a pump yet it keeps going down any evidence of a reversal or thoughts?
Looking at QLTS is it too late?
Patrick, I think AVVC was doomed from the get-go due to the fact that their product idea (cat texting screen) is absurd. Hard to pump that idea.
ReplyDeleteSSN ready to begin another double for the summer.
Patrick, as I've said in the past, nothing is a guarantee when it comes to the stock market. It's all about playing the odds. Often times pumps with large volume that fail do so because of dilution (although I can't say for certain that is the case with AVVC). IMO, today has a good chance to be a reversal day with that drop down to .90 yesterday. However, overall I don't trust AVVC right now and don't currently own.
ReplyDeleteQLTS could have another good day today, but I'd monitor the trading action before buying.
Card - Any views on LFVN? Looking good to me.
ReplyDeleteLFVN does look good. $2 might be the ceiling though.
ReplyDeleteCard, you like LTUM right? There's a lot of short covering due plus a lot of people bought over a dollar.
ReplyDeletePeople are talking about multiple dollars short term as the target. What do you think?
Rohan and P, I have no position in LEXG and LTUM. I'm completely afraid of owning lithium stocks right now. There might be a few pops along the way, but I personally think all the easy money has been made. I'm looking for the next flavor of the month.
ReplyDeleteUnless you got into LFVN, today is one of those days where often times longs lose money because they force trades. Not much is really working today. It's sometimes better just to sit back and wait for the next train.
ReplyDeleteWhoever bought those .65s in AVVC yesterday is sitting pretty.
ReplyDeleteRohan, I like your thought process.
Thanks for the heads up Jim. Rohan, I'm still staying away from AVVC. There seems to be no follow through.
ReplyDeleteI sold LEXG at $6, but the intraday chart is setting up for another potential 10% move. Right now I've got LEXG and BCCI on watch, but I don't own either.
I dont think it's an Eric Dickinson one, I got it and ALZM/KNKT through the Zantrino Network. and I just meant the volume is down from where it was last week.
ReplyDeleteRohan, took my eyes off of LEXG for a moment, but it appears it did get that extra 10%. Once it leveled off and then broke that morning high of the day, the technical breakout was on.
ReplyDeleteBORK's currently at $1.35. If it can break the 52 week high of $1.38 on some volume, it could get really interesting.
ReplyDeleteI did a terrible job on my BCCI trade. I bought it at $.032 and sold it for a small loss because I didn't have any patience with it. That looks really dumb after a .14+ hit today.
ReplyDeleteCard - Should we take a long position in AVVC or wait for a signal? Do you see any risk in getting into it now?
ReplyDeleteCard, FBCD looks to break out HUGE! There's a rumor of a deal with Marvel Comics. What do you think of FBCD?
ReplyDeleteBRZL is also looking to blow its lid with the RM confirmation due at any moment!
Rohan, I'd wait for a signal. The volume right now is relatively light, which is not good for a pump.
ReplyDeleteFBCD, does look interesting P. It could go up more, but it's already rised about 150% in the last 2 or 3 days. That makes me a little leery of buying it right now.
ReplyDeleteI bought the VPRS dip in the .04s as a chart breakout. We'll see how that goes.
SSN at sub $3 is perfect if one is willing to wait a few months for a sure double!
ReplyDeleteRead some posts by local land owners near Samson's land in Goshen, WY.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=73032&tid=49510&mid=55023&tof=2&rt=1&frt=1&off=1
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_S/threadview?bn=73032&tid=52780&mid=53887
http://www.fool.com/investing/general/2011/05/06/is-samson-oil-gas-the-perfect-stock.aspx
Okay, we have three (of what I take to be) "manufactured" green days on AVVC now. I take it that this is an attempt to win back the confidence of the electorate.
ReplyDeleteWe'll see on Monday. But I am pessimistic at this point. It's hard to wipe the slate clean and feel about this stock the way folks felt about its predecessors.
I took a huge loss, then was able to make back a little bit between 1.02 and 1.13... but I took my money off the table for the weekend.
Volume is now an imperative. They cannot keep up, I do not think, what they've done over Wed, Thurs and Fri.
Unless there really are a lot more shorts from before that have to cover. But I have my suspicions that that announcement itself was more motivational than truthful.
anyone holding MXMI?
ReplyDeleteDTG has steadily gone up from .60 to $79 in about two years. Unbelievable!
ReplyDeleteRohan, there's probably an 80% chance that I'll hold MXMI overnight.
Rohan, my internet's been acting up this morning. Sorry for the delay. I'm not really liking the action in MXMI. I bailed on it early this morning.
ReplyDeleteRohan, every day it goes up, I lament the .03's I sold. I guess I should have re-bought it.
ReplyDeleteRohan, I still hold it. Rarely do you get 2 big dips intra-day, so I would think that JAMN would be good the rest of the day.
ReplyDeleteAll the coffee plays look good today on dips. JAMN, JCOF, and HCEI should all do well.
planning to hold JAMN, despite reservations
ReplyDeleteany one else?
Rohan, I just locked in my profits. I would not dare hold JAMN overnight after all of this volume.
ReplyDeleteThe market's jumped from lithium to now coffee. Does anyone have any views as to what they think the next hot group will be (ie. travel, weed, oil, solar etc.)?
It looks like the posts from yesterday are gone thanks to Blogger's issues.
ReplyDeleteBCCI is making me feel sick! Now @ .61.
Maybe, E-Cigs is the next hot sector. I jumped into RFMK this morning. I hope it catches SFIO.
I'm going to start playing the bounces of stocks that move huge the previous trading session. The bounce points are becoming very predictable. Usually it'll drop about 50% intraday if it tanks the first 30 minutes of trading. A good strategy would be to set a limit order at about the 45% mark and see if MM's will fill you. The risk appears to be pretty low.
ReplyDeleteGenerally, I'd sell RAMO at the end of the day after making such a strong move. However, it's starting to get really close to that 3 month high of .067. IMO if it finishes strong (near .06 or higher), they'll be a morning to push tomorrow to get past that .067. Once it breaks that price, volume should pour in and the gains should be fast and furious.
ReplyDeleteWas watching CNOZ all day, but didn't buy. What a close!
ReplyDeleteEh Frank/Card, I sold about 50% of my SSN position at $4.00 but I decided to hold the remaining amount long term. Im surprised at the significant drop and I am confident it will recover (and then some) but I wanted to get your input on what may have caused this drop. You guys think its just the delays/lack of news or is some bad news coming out? I find with this stock all the movement usually precedes any announcements.
ReplyDeleteHi Elias,
ReplyDeleteSSN's chart is actually almost the same as many other oil stocks. Look at BEXP or SDCJF. I think that to some extent the delays are a part of SSN's current depressed price. But again the mighty BEXP was also down over 40% from the 52-week top. So why are many oil companies down when profits are way up and oil is too? Hedging. Heck if many of these companies are trading at less than what they were when oil was only $70 per barrel then it must be hedging. Basically the market treats them as having lost money when they really only lost POTENTIAL money (what they COULD have made if they had not hedged).
Good move on selling at $4.00. I've been holding out to reach my one-year mark so that I can sell in the 15% tax rate. Bummer for me that my shares reached that mark two months after the spike. Nevertheless, I can now sell for $3.07 being the equivalent of $4.75 at a 45% tax rate. But I am going to hold (longer than I had wanted to) because I truly believe (barring a market collapse) that we are headed to over $6 in months, not years. A JV with a large company will do that in a heartbeat.
Pretty brutal in the sector right now though and I think that for us SSN holders it only feels that way because we tasted the totally irrational high of $4.75. Never should have gone over $3 yet based on real events. Heck my original goal was to reach $3, so I should stop feeling bummed! LOL! Hang in there bro!
Rohan, I got tired of watching JAMN bounce higher and higher and finally bought it. I think it could have some morning pop as well on the massive short covering.
ReplyDeleteHey Card,
ReplyDeleteI am still holding muzc patiently but even with today's gain I am still losing money. I bought it way too high at .27 cents, would you say this is a good time to sell and minimize losses or could it go even higher still?
thanks
Wichisf, MUZC looks to be reversing from a technical standpoint. If I were you, I'd monitor the trading activity in it today closely. If you see some volume similar to yesterday, I'd hang in there a bit. If it looks like there is no interest, I'd bail.
ReplyDeleteI'm watching JAMN, CCME, and MXMI closely. At least one of these should be a big winner today.
ReplyDeleteCard, why do you think CCME will run when they received a delisting notification and just tanked? R U looking for a bounce?
ReplyDeleteP, yes I was looking for a bounce in CCME. It doesn't look like it is happening though.
ReplyDeleteAt least I was right on JAMN. I got out at $2.50. I may revisit it if $2 becomes a new support.
Card, that's pretty amazing. How did you get out of JAMN at almost the exact HOD?? $2.52 is the HOD and you got out at $2.50!
ReplyDeleteIt can be tough to time it just right you know?
It was really nice entry in JAMN yesterday. I didn't get into yesterday thinking it was already up from 1 to 1.50 and today morning didn't get a chance. I though 2 might be a good resistance.
ReplyDeleteKeep us posted if you get in again at 2.
P, I reviewed the bounce in LEXG and decided last night that $2.50 would be my exit number. I basically got lucky since I usually don't do a very good job of getting out at the top.
ReplyDeleteRohan, I'm back in JAMN. I've seen this pattern a lot with these pumps. You've got the classic flag pattern with the range now tightening in that $2.05 area. Usually, they pop out of this and head higher.
Card, where do you see this pennant? Can you please include a link to show us what you mean?
ReplyDeleteThanks buddy
P, check out a 5 minute chart of JAMN today and compare it to this:
ReplyDeletehttp://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu
Card, they even mentioned LNKD on the national news just now. I see LNKD was initially offered at $42 to $45 so now at $108 that's very impressive but as you know we are mostly penny traders and most of us wouldn't have been able to get very many shares especially if we're holding other stocks.
ReplyDeleteBut I thought you had to apply ahead of time get an IPO and many times only banks, mutual funds, etc. can get in.
Is that right and could we have gotten in at $45 through our online brokers??
P, you are correct. You have to apply ahead of time and be able to put up a lot of money to get the offering price. However, I mentioned LNKD because us retailers could have gotten it for $80, which is still +30%.
ReplyDeleteI'm thinking about jumping into JAMN again. These short covering bounces usually last one more day. If I get in though, I'm definitely bailing at $3.
ReplyDeleteSorry for the delay in the reply Rohan. I was watching the market. I actually bought JAMN at the open for $2.44. Once I saw it hit a wall at $2.75, I was done with it. My sell got filled at $2.65. It could still hit $3, but it's too risky to play at this point for me IMO.
ReplyDeletegot in RAMO yesterday at 0.048. should be interesting
ReplyDeleteRohan, I missed the boat on YIPI. I thought the news was frontloaded the previous days too much and really didn't think it was all that big of an announcement. I certainly was wrong.
ReplyDeleteI don't own anything right now. I'm waiting patiently for the next big thing.
Card you seee GHRI?? Up over 500%!! I don't even see any news. What's up with that??
ReplyDeleteThis is the one of the down sides of Zecco. I couldn't play the SNOFF bounce since it's considered a "foreign stock". That has been the only decent trade today IMO.
ReplyDeleteJumped into some LEHMQ with recent judge ruling.
ReplyDeletehttp://www.lse.co.uk/FinanceNews.asp?ArticleCode=uplo5otbfd4vxhs&ArticleHeadline=BRIEFJudge_sides_with_Lehman_Brothers_on_offsets
P, I'm thinking LEHMQ could see's .15 tomorrow. If it gets to that point, I'll gladly take my profits and move on.
ReplyDeleteP, I got LEHMQ at .068.
ReplyDeleteSomething's going on with RYUN. I think it might be getting pumped tomorrow. I got a little at .35. I probably should have gotten a lot more.
ReplyDeleteCard - It seems holding overnight any penny stock is not profitable. Ex RYUN,LEHMQ
ReplyDeleteI'm considering holding on to RYUN for a couple of weeks. I find it interesting that all of their new management hires have been former Nike executives. This gives them a lot of credibility not usually seen in penny stocks. "MMA apparel" seems a little to narrow of a scope for my liking, but I don't think the Nike connection is a coincidence. There could be a major partnership with someone major coming down the pipe. The share price should rise as the market speculates.
ReplyDeleteI found it. Regarding RYUN Appoints Nike executives.
ReplyDeleteAt what price did you get in? Should I buy in parts? half now and half when goes down? What's your strategy on RYUN?
Rohan, I bought RYUN yesterday at .35 and sold it first thing this morning. Then, I bought it back at .49 today. I've noticed that it usually sells off first thing in the morning or dips midday and then climbs or maintains in the afternoon. I'm either going to hold it through the dips until it reaches $1 or trade it daily. I haven't decided yet.
ReplyDeleteRohan, I've grown tired of losing my gains on overnight holds. So, I put a limit sell for RYUN at .60. It hit, so I'm now out of it for now. However, I'll be looking for a dip tomorrow (hopefully in that .50 range) for re-entry.
ReplyDeleteThanks for the update Card. I am holding small position since .56. Not sure what will I do by end of day. Let me know if you strongly insist to sell today.
ReplyDeleteGGRI looks interesting for Thurs. They've been diluting it down from $1.00 plus for a few days now. It finally looks like they are finished. The first bounce buyers got it today. I'd expect more to come tomorrow, which could double or triple the current price.
ReplyDeleteWhat do you think of RYUN Card? Should we get in Now or wait?
ReplyDeleteRohan, I've been watching and playing the JAMN bounce. I put in a stink bid for RYUN this morning at .51, but it did dip that low. I think it's just too strong so I bought it back at .62.
ReplyDeleteI'm strongly considering adding JVA to my long portfolio on the dip (hopefully they'll try and fill that gap between $8.50 and $9.00). With rising coffee prices, their growth, and small share structure, I think that could be a $30 stock in the very near future.
ReplyDeleteCard,
ReplyDeleteI've been holding on a small position on BORK , got it at 0.85. I'm wondering if I should increase my position and hold long. BORK appears to have a strong product.
Awesome call Michael. I think I may have been one of the first tier of people who really liked BORK. I thought the product was a potential monster. The Caveat Emptor (CE) status was the only think that scared me about it for a long time hold. Typically traders short CE stocks to death on all pops. Certification or contract news will cause it to go through the roof. $5's hitting as I type.
ReplyDeleteRYUN L2 is looking very good. I am keeping short term target to $1.
ReplyDeleteWhen should I take position in JVA or BORK? Any views?
Rohan, BORK's run pretty hard. I'm waiting for a substantial pullback ($2.00 - $2.50) or big news before I dip my toe in it again. There's a good chance JVA gets shorted down the next day or two. I'd look to get in once the shorts have had their fill if you still like it.
ReplyDeleteOne thing I have learned about BORK is that each PR has rendered at least a 20% daily gain. That's good information for determining exit points for short term trades.
ReplyDeleteI'm tempted to load the boat on RYUN. $1.00 seems almost like a guarantee with all the bid support.
ReplyDeleteRYUN's L2 is looking really thin to buck. I may add more at the open.
ReplyDeleteCan I still ride on RITT @6.8? and why RYUN is looking weak suddenly?
ReplyDeleteRohan, there will be some profit taking in that dollar range. If it can churn through that, it see $1.20's -$1.30's today IMO.
ReplyDeleteI think RITT can potentially hit its 52 week high today with that news and share structure. I got some right at $6.00. I'm considering adding more on a dip.
Jumped in SDTH at .26
ReplyDeleteI picked up some SDTH also (.25). Where do you think SDTH will go up to?
ReplyDeleteI am holding them over night. I will be extra cautious tomorrow morning.
ReplyDeleteHow do you interpret today's session for RYUN? 40% gain with only 1M volume. Should we expect a huge jump tomorrow with 5M volume?
I am holding SDTH too.
Rohan, I'm basically interpreting RYUN's 40% gain on so little volume as the float basically being gone. This stock is not acting the same as our usual promo pumps, where 40+% gains and high volume equals top. At some point, I've got to think that the MMs will try to slow this down a bit by screwing with the bid/ask, but it hasn't happened thus far. There are just too few sellers out there. RYUN still hasn't release a PR regarding the hiring of Emanuel Brown as their Chief Marketing Director. He was formally the head Marketing Director of Nike's Jordan Brand. I saw his name and credentials in their SEC filings. If they want to keep the PR momentum going, I wouldn't be surprised if that was released in the very near future. That would probably make the stock pop even more.
ReplyDeleteRohan, when are you ringing the register with RYUN? $1.75, $2, $3, $5?
ReplyDeleteRohan, generally lunch time is the best time to reload RYUN as the volume often fades, but this thing is straight roidal today. I've got my limit sell set at $2. We'll see if it hits. If only I would have loaded the boat back when I had my first inclination to do so. I could have taken the rest of the year off.
ReplyDeleteJust cashed out of RYUN. It's got a pretty good amount of quick flippers in it now so I'm looking for it to consolidate and/or give up some gains tomorrow. If it doesn't, I'll buy it again.
ReplyDeleteI didn't see POTG until it was much too late. I'm not a big fan of the overnight holds anymore so I'll just wave to that train.
Card - are you buying again RYUN?
ReplyDeleteI'm back in Rohan. I'm hoping for $2.50's today. Hopefully, traders will push it!
ReplyDeleteAny thoughts on WTFS?
ReplyDeleteCard - Why RYUN facing lot of resistance near 1.80+?
ReplyDeleteMichael, I saw the news on WTFS, but wasn't really impress since they don't really have yet what they are saying they can do. Plus, they are Chinese company, which the market is not very fond of right now. Interesting price action though.
ReplyDeleteRohan, I just bailed on RYUN. The momo appears to be slowing down. AUTO is supporting the bid at $1.76, but if he bails or someone dumps big, it could fall quickly. I'll return if the momo returns. I'm trying my luck with MSOA. Hopefully, it consolidates and pops.
Card, I just checked MSOA recently and it was .0001 for months!! I recall it had 2 runs around last August but then fell flat.
ReplyDeleteI'm 100% positive it was .0001 for a long time so they must've had a reverse split right?
Also, what is the symbol MSOAD? It was always MSOA not MSOAD.
Yes, MSOA reversed split. I bailed on that one too.
ReplyDeleteSuper slow day for penny plays. As of right now, the only stock that looks to be working is POTG. I bought it earlier, but bailed on that one too soon.
I was watching RYUN the last 10 minutes. Just as I thought might happen, AUTO pulled his bid at the last minute and the support caved. The momo is gone and the chart is now a mess. It probably won't move big again until they release some news on financing or the clothing line.
ReplyDeleteEPRA's chart has a lot of potential. It would really move with a little more buying pressure. Could move big late this afternoon to setup a GBTR type move Monday on just technicals.
ReplyDeleteGENE looks like a pretty good morning play for 20%.
ReplyDeleteI didn't think the MSLP news was that strong, since they were mostly talking about what they were going and hoping to do. However, it has momo so I'm giving it a try.
ReplyDeleteThe penny market is tough right now. Shorting, dip buying, and quick scalps are the only way to make money. Only the most experienced traders can consistently make profits in this environment. You're better off not forcing any trades. IMO, be patient and wait for easier plays to come along.
ReplyDeletesdth is on the move. any thoughts?
ReplyDeleteMichael, I should have shown more patience with SDTH. I sold the .26's I bought last week a few days back. Could of had a double if I would have held out. I wouldn't be suprised though if the .50's that hit today is a short term top for a while.
ReplyDeleteClearly, there appears to be a bounce going on in the heavily beaten down Chinese stocks. It's just hard to figure out exactly which one to buy (particularly if this is of the short term, dead cat variety). It's so easy to get burned with these.
I'm still on the sidelines waiting for a less risky play/ high reward play. I see RYUN is starting to look good again, but I can't play it anymore since my broker has it on their restricted list.
sold sdth at .59 hope it wasn't too soon
ReplyDeletegot it at .26
I'm taking a look at NBG. Not a short day trade type of play but not a long hold either. News out of Greece is bound to improve and I think there may be a 30% to 40% pop in NBG. Any thoughts?
ReplyDeleteMichael, NBG is an interesting trade. It will definitely pop once some positive news comes out of Greece. The tricky part is the entry price because no one wants to catch a falling knife either.
ReplyDeleteI'm thinking NYXOD has all the makings of a monster pump with double potential. The last hour or so the MM's have taken it down from this morning's pop on nothing volume and L2 is relatively thin. It is a low floater (15M OS), "d" stock, new chart, has volume, upward momentum and right in that .50 sweet spot price range. I can't confirm anything, but all those things generally make the perfect storm for a big pump. My gut tells me to look for it to possibly make a big move after lunch and tomorrow.
Completely missed the BBDA trade. I didn't think the news was all that big. Boy was I wrong.
ReplyDeleteNYXOD does look interesting. I'll keep an eye on it. NBG is holding steady at 1.25. If it can sustain 1.25 till tomorrow I think it's a good entry point. Even if Greece defaults, NBG is still attractive because of the role they must continue to play in the transition.
ReplyDeleteChinese delisted stocks have been serious moneymakers the past week. SBAY reemerges on the pinks today. If it opens or dips anywhere near the .30 range, it would probably be a very profitable buy. Was approximately $15 at the start of the year.
ReplyDeleteCard - are you holding BCLI?
ReplyDeleteRohan, I sold BCLI yesterday before the close and bought it back at .52 when I thought it might turn green. I then sold it again at .58 when I thought it was losing its mojo.
ReplyDeleteI wouldn't be surprised if the market made a huge turn up during the last hour and ended green. Today is supposedly the last day for institutions to buy into stocks joining the Russell index. A lot of times they do it at the last minute. A stock like KVA, which is suppose to be joining, could benefit from the mad rush that may happen late in the day.
Do you see a potential upside in KVA? Are we expecting any +ve new from KVA? sorry I never followed KVA.
ReplyDeleteRohan, it's possible, but I mentioned KVA more so for the quick trade. There was a rumor going around that a massive amount of KVA shares in particular were going to be bought. It may or may not happen.
ReplyDeletePOTG is getting pumped. Any thoughts?
ReplyDeleteMichael, I think POTG gets to about .90 at some point. I read somewhere that has followed a similiar path as CXLT, which topped out at about .88. I concur. I hate that gap this morning though. It allows the MMs to mess with your head. They'll be lots of bounce opportunities with it though once it tanks. Have you figured out POTG's overall budget?
ReplyDeleteNot yet because there appear to be multiple pumps. Seems big though.
ReplyDeleteContemplating ICGN on the dip now that it has broken out.
ReplyDeleteRolling the dice with GGRI. They'll probably dip it big in the morning, but the setup looks similar to POTG. Hopefully, they'll pump it to .30+.
ReplyDeletebeen sitting on ggri for a week. hope you're right
ReplyDeleteAAST getting pumped. Any thoughts?
ReplyDeleteMichael, it looks like AAST's pump was unsuccessful. According to the chart, it could slide a lot. GGRI was ripe for another move today, but some impatient traders killed the momo after the first bounce taking it to the high of the day. If they would have let it reach close to .08, it possibly could have worked its way to double digits.
ReplyDeleteRohan, JAMN did have a nice pop. Starting to fade now though. I'm a little scared to buy stocks like LEXG and JAMN now. I guess I'm afraid to go to the same well too many times.
any views on FCSC? Is it a good buy? And why did it plunge after FDA approval?
ReplyDeleteJust got in and out of that SPRD bounce. I got in around 9 and sold at 10, but left too much on the table.
ReplyDeleteFCSC looks like it could be a decent buy now. I believe the company diluted after the FDA news and the shorts took over the rest once the sliding gained momentum.
GGRI pump budget at 1 million.I'm thinking this is only the beginning in the cycle
ReplyDeleteGGRI is looking great on L2 in the premarket.
ReplyDeleteGGRI looks awesome on the 3day 5min chart. It's going to slowly grind higher today IMO. I'm riding GGRI and TLAG today.
ReplyDeleteMichael, GGRI is following a path very similar to POTG, which is now around $1.20. Do you think over the next week, GGRI could grind to .50+? I think it hits .17 -.18 later today, sells off to about .13-.14, and then gaps close to .20 tomorrow morning.
ReplyDeleteAnahera Inc paid Oxof WallStreet 1 million to pump the stock for 1 week.I agree w/your assessment but I think it's going higher than .5
ReplyDeleteIt looks like GGRI budget is a lot more than 1 million. Three different pumps running concurrently.I think this may get pumped all the way to 3
ReplyDeleteI didn't look in to ALAN as much as I should have this morning, but with 5M OS the merger from a fundamental standpoint seems to make it a $5.00 stock IMO. We'll see if the market agrees tomorrow.
ReplyDeleteSo we have pretty much agreed that this GGRI pump is a 1 million budget. Do we know when it began? Don't have the chart in front of me, but I thought that I recall that this has been running for about a day and a half now.
ReplyDeleteSome folks see this as not good for much more but another pop of 50-100%... whereas others are looking to POTG as a guide, i.e. upwards of a dollar.
Sure would be nice to be able to make an educated guess here.
I don't happen to know what POTG's budget is was.
I'm tempted to get in GGRI tomorrow morning, but I'd hate to walk in at the end.
PTN is looking good.
ReplyDeletehttp://finance.yahoo.com/q/mh?s=PTN+Major+Holders
Card - are you buying GGRI below .16?
ReplyDeleteI didn't see your post Rohan since I have been addressing comments on my latest blog entry. I did buy GGRI at level though.
ReplyDelete