jrbikes
624 posts
msg #53238
- Ignore jrbikes |
7/18/2007 7:30:18 PM
I dont trade pink sheets, only OTCBB, a little more stable, and I like a lot of volume, them E-Mail hypes are a waste of time, I think the trick is to get in early, at a good support level, and set a tight stop, if it breaks the stop,get out as fast as you can! them bankrupt pennie stocks are killer if you get in the right one, unfortunatley, I dont have the guts for a lot of them, one killer pattern is stocks coming off a 52 week low with the price not crossing below the 52 week low in 30 to 60 days, its interesting to say the least, buy out of fear sell out of greed! LOL BACKWARDS! thanks for the stockshare site
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jrbikes
624 posts
msg #53239
- Ignore jrbikes
modified |
7/18/2007 7:39:43 PM
NIHK, pop goes the weasel!
Karenma, looks like you will be eating out soon!
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karennma
8,057 posts
msg #53251
- Ignore karennma |
7/19/2007 8:18:26 AM
jrb:
we missed this one LTDI ...
#%$*(@* !!!
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karennma
8,057 posts
msg #53252
- Ignore karennma |
7/19/2007 8:19:00 AM
LTDI never came up in my filters.
that really p*sses me off!
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jrbikes
624 posts
msg #53275
- Ignore jrbikes
modified |
7/19/2007 6:53:52 PM
I dont think its quite over yet, huge volume on yesterdays buy, low volum on sell off today, RSI(14) @60, only concern is the weekly RSI2 is at 75, but I could be wrong, see the new 52 week low? look at the pop, happens all the time!
stockfetcher misses some really good pennies, sometimes it drives me crazy!
see ya (look at ERFW) I know, I know, hind sight is 20/20
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Niagara
49 posts
msg #53287
- Ignore Niagara |
7/19/2007 10:23:51 PM
NIHK, pop goes the weasel!
Karenma, looks like you will be eating out soon!
------------------------------------------------------------------------
http://www.StockSharePublishing.com/ChartLib/NIHK_07_19_22_20_1184898025.png
It might not be quite ready to pop.
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Niagara
49 posts
msg #53288
- Ignore Niagara |
7/19/2007 10:29:22 PM
see ya (look at ERFW) I know, I know, hind sight is 20/20
-------------------------------------------------------------
http://www.StockSharePublishing.com/ChartLib/ERFW_07_19_22_26_1184898407.png
The stock has had a past habit of making runups.
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killerdude
32 posts
msg #53292
- Ignore killerdude |
7/20/2007 8:44:14 AM
Pleas post the filters
Thanks
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jrbikes
624 posts
msg #53294
- Ignore jrbikes
modified |
7/20/2007 9:19:43 AM
NIHK was a nice one day play, selling at the bid would of got you out pretty quick, hopefully, I will take .03 on 5000 shares any day! its early Friday
morning, but I like GTRE, going to watch it, also like MENV, holding that one! my other penny tanked! oh well, thats the way it goes!
I will post my filter!
close between .01 and 5
EMA(18) above MA(53)
close above MA(53)
close greater than open ( you can use, close less than open)
Draw MA(35)
Draw Weekly RSI(2)
Draw RSI(14)
The EMA(18) is a equalized division of the MA (9) (18) and (27)
The 35 I just like it, its kind of a happy medium
The 53 is the 35 plus 18
you can invert the MA,s any way you want, if you go to Bigcharts and click on the interactive chart and plot the SMA,s it will show you the 9 18 and 27 plotted on chart, then look at ERFW and you will see the basic momentum pattern with price in relationship to these MA,s thus the EMA(18) it is a very powerful set up, but remember it is a momentum play, they can go down as fast as they go up, its nerve wrecking sometimes.
you can also add to the filter
The price has reached a New 52 week low
price has not crossed below 52 week low in the last 30 days
or any time frame you want, its not the 52 week low your interested in per say, its the consolidation after with the RSI(14) making higher lows, unless your really brave. if RSI(14) is above 75 or 80 usually it breaks down a little, so thats my sell signal, unless Im in for the long haul! I will also use spinning tops as a sell signal, and Doji,s especially if they are red
this is basically what I look at, its just real simple!
just check it out for a while, Backtesting doesnt do it justice!
and it is still a work in progress, its getting simpler, I had it in the beginning, then I discovered Stockfetcher, and became obsessed with indicators, that was my first mistake! live and learn!
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13th_floor
724 posts
msg #53321
- Ignore 13th_floor |
7/22/2007 2:04:32 PM
DCBI ... DC Brands International
My .10 to $5 filter picked this up 7/13 at .12
It has 5 straight days of news events/company releases since.
This is NOT a recommendation to buy but a headsup to do your own dd if interested in pennies.
13th
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