[Sun May 31 17:00:45 EDT 2009] InvestorsLive Good Evening everyone
[Sun May 31 17:00:54 EDT 2009] Ryan GE
[Sun May 31 17:00:54 EDT 2009] InvestorsLive I didn’t receive too many quesitons
[Sun May 31 17:01:00 EDT 2009] InvestorsLive so what we’ll do is as normal
[Sun May 31 17:01:06 EDT 2009] InvestorsLive open it up in a bit
[Sun May 31 17:01:19 EDT 2009] InvestorsLive after we cover a few things
[Sun May 31 17:01:32 EDT 2009] InvestorsLive The email I sent out: http://www.investorsunderground.com/2009/05/31/seminar-tonight-may-31-2009/
[Sun May 31 17:01:52 EDT 2009] InvestorsLive Figured it’d be best to talk about the OTCBBs a bit and pharma’s since they have been hot this past week
[Sun May 31 17:01:59 EDT 2009] InvestorsLive and more than likely continues here through this week
[Sun May 31 17:02:49 EDT 2009] InvestorsLive Regarding ASCO which I mentioned in the email.. and Muddy mentioned last night in chat
[Sun May 31 17:03:04 EDT 2009] InvestorsLive I think the important point there is we’ll have a lot of volatility in these stocks
[Sun May 31 17:03:22 EDT 2009] InvestorsLive which to me… gives me the ability to just jump right in
[Sun May 31 17:03:29 EDT 2009] InvestorsLive if they start hitting scans and HODs
[Sun May 31 17:03:35 EDT 2009] InvestorsLive vs. really investigating why they are moving
[Sun May 31 17:03:44 EDT 2009] InvestorsLive since there will be a LOT of sympathy plays
[Sun May 31 17:03:58 EDT 2009] InvestorsLive so first question 1 sec let me post it
[Sun May 31 17:05:45 EDT 2009] InvestorsLive http://greenonthescreen.blogspot.com/search?q=market+movers
[Sun May 31 17:05:55 EDT 2009] InvestorsLive Question/Comment received:
[Sun May 31 17:06:01 EDT 2009] InvestorsLive I spoke to Muddy couple of times about this section on green on the screen blog that is under “scot trade market movers screeen shot ” link : http://greenonthescreen.blogspot.com/search?q=market+movers in which he explains how he takes this filter : (1) show stocks where close gained more than 8 percent over the last one day and price is between .30 and 40 and uses this filter to find bollinger band/vol increase/price breakout****
[Sun May 31 17:06:07 EDT 2009] InvestorsLive This is a huge edge imo and spoke to him about it he said he was willing to go over this strategy on a seminar , is a great way to find great plays, honestly not sure why we havent gone over this before !! thanks man !
[Sun May 31 17:07:54 EDT 2009] Muddy first you use the gained more than 8% gained scan..then it’s best to rank them in order of highest % gained…
[Sun May 31 17:08:42 EDT 2009] Muddy then you chart them to see if the white candle is being pierced by the upper bollinger band..
[Sun May 31 17:09:15 EDT 2009] Muddy then you want to see a high rsi2 of at least 90..higher the better
[Sun May 31 17:09:50 EDT 2009] Muddy you also want to see the bb’s opening…the tighter the bands before,the better
[Sun May 31 17:11:55 EDT 2009] Muddy you want to see a big vol increase also on that pierce
[Sun May 31 17:12:11 EDT 2009] Muddy these often make very good swings
[Sun May 31 17:12:24 EDT 2009] Muddy it usually means the start of a run
[Sun May 31 17:13:56 EDT 2009] Muddy look DDRX on 3/30,thats 1 good example
[Sun May 31 17:14:14 EDT 2009] Muddy candle pierced right in half
[Sun May 31 17:14:28 EDT 2009] Muddy 10x’s the vol previous day
[Sun May 31 17:14:33 EDT 2009] InvestorsLive Question based on this: “What time frame chart would we be looking at for this scan for the BB pierce”
[Sun May 31 17:14:44 EDT 2009] Muddy rsi2 97.38
[Sun May 31 17:15:10 EDT 2009] Laura Using a daily chart. Doesn’t matter…..3 mo, 6 mo, a year
[Sun May 31 17:15:53 EDT 2009] Muddy DTG 3/23
[Sun May 31 17:16:32 EDT 2009] Muddy pierced in half rsi2 whopping 99.3
[Sun May 31 17:17:03 EDT 2009] Muddy the vol big compared to past
[Sun May 31 17:18:09 EDT 2009] InvestorsLive Question: Can you ask Muddy what means (May 31-19:14) Muddy: candle pierced right in half?
[Sun May 31 17:19:14 EDT 2009] Muddy ATSG 3/18 perfect ex.
[Sun May 31 17:19:39 EDT 2009] Muddy see how candle pierced and was in way tight bb squeeze before
[Sun May 31 17:20:01 EDT 2009] Muddy again rsi2 over 99
[Sun May 31 17:20:54 EDT 2009] Muddy vol over 600k compared to normal 1ook or so
[Sun May 31 17:22:06 EDT 2009] Muddy in half yes…you want to see the candle not above or below the ubb
[Sun May 31 17:22:37 EDT 2009] Muddy we all know CTIC
[Sun May 31 17:22:59 EDT 2009] Muddy it awoke on 3/16
[Sun May 31 17:23:36 EDT 2009] Muddy big vol inc. plus rsi2 99.78
[Sun May 31 17:23:59 EDT 2009] Muddy and see the tight bb’s before this break
[Sun May 31 17:24:30 EDT 2009] Muddy the vol actually did a 4 day stairstep
[Sun May 31 17:24:41 EDT 2009] Muddy another thing that you look at
[Sun May 31 17:24:47 EDT 2009] Muddy building vol
[Sun May 31 17:25:53 EDT 2009] Laura Questions guys?
[Sun May 31 17:26:33 EDT 2009] Muddy if you belong to SF…its been talked about by me since ’03
[Sun May 31 17:27:00 EDT 2009] Muddy it can be found by searching…squeeze/volume/break
[Sun May 31 17:27:24 EDT 2009] John doh Can StochasticRSI be used in place of RSI2 for the same results
[Sun May 31 17:27:51 EDT 2009] Laura Huh?
[Sun May 31 17:28:59 EDT 2009] Muddy maybe,don’t know what the difference is
[Sun May 31 17:29:16 EDT 2009] amonte if you can spot one like those do you get in the day of the peirce or do you wait for confirm, and if waiting how many days or just looking for confirmation of volume after the break
[Sun May 31 17:29:46 EDT 2009] Muddy to catch a few more you use this…
[Sun May 31 17:30:10 EDT 2009] Muddy stocks where volume is 400 percent above average volume(30) and price is between .30 and 10 average day range(30) above 6 volume above 100000
[Sun May 31 17:30:26 EDT 2009] Muddy adjust your price to fit you
[Sun May 31 17:32:30 EDT 2009] Muddy if you have SF you can get in before the close…that pierce,vol inc. and tight bb’s are the confirm
[Sun May 31 17:32:48 EDT 2009] Muddy and you need rsi2 over 90
[Sun May 31 17:33:49 EDT 2009] Muddy all you need to do is run it half hour before close…
[Sun May 31 17:33:53 EDT 2009] Muddy show stocks where close gained more than 8 percent over the last one day and price is between 1 and 20
[Sun May 31 17:34:05 EDT 2009] Muddy use your price
[Sun May 31 17:35:30 EDT 2009] John doh And swing it?
[Sun May 31 17:36:01 EDT 2009] Muddy if you want a swing,yes..
[Sun May 31 17:36:39 EDT 2009] Muddy if i did that i’d rank by rsi2
[Sun May 31 17:36:49 EDT 2009] Muddy higher the better
[Sun May 31 17:36:52 EDT 2009] CABeachBum Muddy, can you send IL that SF scan so he can make it available on the IU site?
[Sun May 31 17:37:10 EDT 2009] Muddy you can run the next day and only go on green
[Sun May 31 17:37:30 EDT 2009] Muddy yes Cab
[Sun May 31 17:37:36 EDT 2009] amonte so first run the 8% and if it has the BB set up, its a good percentage chance it will move higher
[Sun May 31 17:37:36 EDT 2009] CABeachBum thx
[Sun May 31 17:37:41 EDT 2009] Ryan or you can post it at GOTS website
[Sun May 31 17:37:56 EDT 2009] Laura it’s on GOTS
[Sun May 31 17:38:00 EDT 2009] Laura it’s all there
[Sun May 31 17:38:09 EDT 2009] Ryan Okay, thnx Laura
[Sun May 31 17:38:09 EDT 2009] Muddy yes it is
[Sun May 31 17:38:13 EDT 2009] Laura very very basic scan
[Sun May 31 17:38:26 EDT 2009] Laura you just have to scan a bunch of charts quick
[Sun May 31 17:39:31 EDT 2009] Laura just look at the examples he gave you
[Sun May 31 17:40:00 EDT 2009] Laura run the 8% up……look for vol increase, look for white candles, look for RSI2 over 90
[Sun May 31 17:40:12 EDT 2009] Muddy one that hit friday was GROW
[Sun May 31 17:40:23 EDT 2009] Muddy thats the chart you want
[Sun May 31 17:41:01 EDT 2009] Muddy candle pierced,10x’s vol from thurs
[Sun May 31 17:41:06 EDT 2009] amonte wow, now thats a picture worth a thousand words
[Sun May 31 17:41:08 EDT 2009] Muddy rsi2 94
[Sun May 31 17:41:33 EDT 2009] Muddy i’d like to see rsi2 higher but thats the look
[Sun May 31 17:46:12 EDT 2009] Muddy the vol can be smallish but on the day of this sq/vol/break you want it much higher than normal vol
[Sun May 31 17:46:21 EDT 2009] Muddy perfect ex. is ADY
[Sun May 31 17:46:58 EDT 2009] Muddy 5/15
[Sun May 31 17:47:04 EDT 2009] amonte would DRYS on 04/17 qualify
[Sun May 31 17:47:11 EDT 2009] Muddy took over 8 bucks since
[Sun May 31 17:47:45 EDT 2009] Muddy yes then DRYS
[Sun May 31 17:48:58 EDT 2009] amonte and if you can find tighter bands even better?
[Sun May 31 17:49:42 EDT 2009] Muddy exactly
[Sun May 31 17:50:05 EDT 2009] Muddy why you must chart them
[Sun May 31 17:50:29 EDT 2009] Muddy tighter and higher vol inc. and higher rsi2
[Sun May 31 17:50:35 EDT 2009] Laura And this is a very good reason why trying to find breakouts before they happen is futile.
[Sun May 31 17:50:37 EDT 2009] Muddy all the better
[Sun May 31 17:50:52 EDT 2009] Muddy is futile
[Sun May 31 17:50:56 EDT 2009] Laura Who the heck knows? Just wait for them to break.
[Sun May 31 17:51:12 EDT 2009] amonte in the trade on OCLS, i was going to get in around 2.40 – 2.50 but felt it may have run to much already …. where did i go wrong besides not jumping in
[Sun May 31 17:51:37 EDT 2009] Laura Why bother with finding a site with FDA drug approval news?
[Sun May 31 17:51:54 EDT 2009] Ryan Does OCLR fits on your criteria of bb tighten Muddy? You called it Friday but it didn’t move much that day.
[Sun May 31 17:51:57 EDT 2009] Laura What you gonna do? Buy before news announced? Insane.
[Sun May 31 17:53:17 EDT 2009] InvestorsLive amonte – assuming you sold the first half of the day on that intitial run
[Sun May 31 17:53:20 EDT 2009] InvestorsLive which if I remmeber correctly
[Sun May 31 17:53:20 EDT 2009] amonte and now that i look at it OCLS was a perfect candidate for this
[Sun May 31 17:53:23 EDT 2009] InvestorsLive that was a pretty good sell
[Sun May 31 17:53:31 EDT 2009] InvestorsLive cuz it consolidated through most of the lunch period
[Sun May 31 17:53:35 EDT 2009] InvestorsLive and I was hoping we’d see a push after lunch
[Sun May 31 17:53:54 EDT 2009] InvestorsLive and it was sideways around the $2.50-2.70 level and pushed back thru $3 after lunch before really gaining momentum
[Sun May 31 17:54:01 EDT 2009] InvestorsLive so I wouldn’t say you went “wrong” by selling
[Sun May 31 17:54:20 EDT 2009] InvestorsLive well I read that wrong, thought you sold there
[Sun May 31 17:54:23 EDT 2009] InvestorsLive but
[Sun May 31 17:54:29 EDT 2009] InvestorsLive on the flip side… if you take that day for example
[Sun May 31 17:54:35 EDT 2009] InvestorsLive just like Muddy does on the IPOs
[Sun May 31 17:54:45 EDT 2009] InvestorsLive you can see it sideways consolidating all day
[Sun May 31 17:54:53 EDT 2009] InvestorsLive as soon as it breaks north… forget the fact its up 80%
[Sun May 31 17:54:58 EDT 2009] Muddy now on OCLS you can use the zone pullback strategy
[Sun May 31 17:55:00 EDT 2009] InvestorsLive its held all the gians for an hour… and now it wants higher
[Sun May 31 17:55:47 EDT 2009] InvestorsLive i wouldn’t chase something up 50-80% if it did that 9:30 to 10AM 80% gains and then want to jump in.. I’d want .. and if it holds thru the next few hours… and starts to move higher.. .the 80% doesn’t really matter at that point
[Sun May 31 17:56:07 EDT 2009] InvestorsLive that’s one thing I’ve learned trading Muddy‘s style.. its up for a reason and if it starts making a break for higher… follow the trend
[Sun May 31 17:56:12 EDT 2009] InvestorsLive who cares about %
[Sun May 31 17:56:20 EDT 2009] Muddy the zone is ema10/sma30
[Sun May 31 17:56:41 EDT 2009] Muddy when the candle gets in ther…
[Sun May 31 17:56:51 EDT 2009] Muddy you wait for a green hold
[Sun May 31 17:58:20 EDT 2009] Muddy BCRX on 5/15 shows that
[Sun May 31 17:58:50 EDT 2009] John doh Ohhhhh, the Muddy zone
[Sun May 31 17:59:33 EDT 2009] amonte not sure i understand on th BCRX example
[Sun May 31 18:00:03 EDT 2009] Muddy yes,you want to wait for green…all you do is put on watch the ones that were sq/vol/breaks
[Sun May 31 18:00:09 EDT 2009] amonte never mind was looking at last daily chart
[Sun May 31 18:00:18 EDT 2009] Muddy it might take days
[Sun May 31 18:01:29 EDT 2009] Muddy heres info….
[Sun May 31 18:01:33 EDT 2009] Muddy http://greenonthescreen.blogspot.com/2007/01/ema13sma20-ubb-zone-pullbacks-129.html
[Sun May 31 18:02:33 EDT 2009] Muddy another variation…high flags…
[Sun May 31 18:02:37 EDT 2009] Muddy http://greenonthescreen.blogspot.com/2007/01/high-flags-129.html
[Sun May 31 18:03:03 EDT 2009] Muddy so many ways that 95% of traders don’t use
[Sun May 31 18:03:17 EDT 2009] Muddy we can use these edge’s
[Sun May 31 18:03:59 EDT 2009] amonte do you incorporate this into the pre list at all
[Sun May 31 18:04:03 EDT 2009] Laura Any more Q?
[Sun May 31 18:04:21 EDT 2009] Laura Pre list no
[Sun May 31 18:04:36 EDT 2009] Laura Pre list is only % up in pre-market trading
[Sun May 31 18:04:44 EDT 2009] amonte ok, thks
[Sun May 31 18:05:04 EDT 2009] Laura Question: Can you explain the combo scan and day rangers?
[Sun May 31 18:05:14 EDT 2009] Muddy high flags you use this…
[Sun May 31 18:05:18 EDT 2009] Muddy stocks where close is above upper bollinger band(20)and close is below open and price is below 15 and volume is greater than 300000
[Sun May 31 18:05:38 EDT 2009] Muddy the you use the date offset to go back a few days
[Sun May 31 18:05:44 EDT 2009] Muddy and chart them
[Sun May 31 18:06:42 EDT 2009] InvestorsLive Combo scan… while he responds to question is listed here for those following along: http://www.investorsunderground.com/2009/01/27/the-combo-scan/
[Sun May 31 18:07:04 EDT 2009] Laura And dayrangers are easy
[Sun May 31 18:07:29 EDT 2009] Laura Ones that have above avg daily range
[Sun May 31 18:07:45 EDT 2009] Muddy and here combo scan on SF…
[Sun May 31 18:07:56 EDT 2009] Muddy http://forums.stockfetcher.com/sfforums/?q=view&tid=62378&start=0
[Sun May 31 18:10:08 EDT 2009] amonte for the combo, are you mainly looking at those positions where the ADR 10 moved above the ADR 30
[Sun May 31 18:12:23 EDT 2009] Muddy no but they good if you find them near the top
[Sun May 31 18:12:41 EDT 2009] amonte sorry thats the Dayranger
[Sun May 31 18:12:47 EDT 2009] Muddy you rank them by the times they’ve run 10-19%
[Sun May 31 18:13:24 EDT 2009] amonte understood on the Combo, 10 -19
[Sun May 31 18:13:38 EDT 2009] Muddy this does it..
[Sun May 31 18:15:14 EDT 2009] amonte much appreciated again, now i know how to use the UBB and 8% in a more profitable way
[Sun May 31 18:18:04 EDT 2009] Muddy Here’s the SF code for the scan: close is between 1 and 15 average volume(90) above 50000 average volume(10) above 250000 offset is 0 set{volcnt, count(volume above 50000, 100) } set{volzero, count(volume equal 0, 100) } set{x1, high – open} set{Long_Profit, x1/open } set{C1A, count(Long_Profit > .04 , 100)} set{C2A, count(Long_Profit > .09, 100)} set{C0010, C1A – C2A} set{D1A, count(Long_Profit > .09 , 100)} set{D2A, count(Long_Profit > .19, 100)} set{D1020, D1A – D2A} set{E1A, count(Long_Profit > .19 , 100)} set{E2A, count(Long_Profit > .29, 100)} set{E2030, E1A – E2A} set{F1A, count(Long_Profit > .29 , 100)} set{F2A, count(Long_Profit > .39, 100)} set{F3040, F1A – F2A} set{G1A, count(Long_Profit > .39 , 100)} and add column daychg2 and add column C0010 {4_9} and add column D1020 {10_19} and add column E2030 {20_29} and add column F3040 {30_39} and add column G1A {40+} and add column C1A {ttl} sort column 6 descending
[Sun May 31 18:18:43 EDT 2009] amonte which scan is this
[Sun May 31 18:22:50 EDT 2009] Muddy the combo…it’s the basic RFR,cherrypicked by high ADR
[Sun May 31 18:23:34 EDT 2009] Laura All the scans are here http://greenonthescreen.blogspot.com/2008/06/im-gonna-try.html
[Sun May 31 18:24:13 EDT 2009] amonte okay, i have most of them in SF already, just not sure all the best ways to use them …. todays seminar was great for the UBB and 8%
[Sun May 31 18:24:50 EDT 2009] Laura The combo scan comes from 10-19% runs and high ADR
[Sun May 31 18:25:04 EDT 2009] amonte sometime when i read GOTS on this i get a little confused, will start writing my question as i am reading for future seminars
[Sun May 31 18:25:19 EDT 2009] Laura sure!
[Sun May 31 18:26:13 EDT 2009] Laura and Muddy and IL don’t mind answering questions during the trading day either. It’s just that if things are running, or the day just starting it is hard to.
[Sun May 31 18:26:34 EDT 2009] InvestorsLive Yea I’m always avail worst case is I tell ya… “one sec”
[Sun May 31 18:26:48 EDT 2009] amonte yeah, i dont like to be bothered at work, so i prefer to hold my questions til the EOD
[Sun May 31 18:27:59 EDT 2009] amonte this is great stuff though, i believe in the saying,” Give a man a fish, he eats for a day, Teach a man to fish, he eats for a lifetime”
[Sun May 31 18:28:13 EDT 2009] John doh You watch too much PBS
[Sun May 31 18:28:18 EDT 2009] amonte lmao
[Sun May 31 18:28:22 EDT 2009] Laura That’s what we are about
[Sun May 31 18:28:30 EDT 2009] amonte no PBS doesnt preach that JD
[Sun May 31 18:28:50 EDT 2009] Laura IL gets some complaints that we aren’t giving “buy” signals to peeps.
[Sun May 31 18:28:55 EDT 2009] Laura Get over it, we aren’t
[Sun May 31 18:29:22 EDT 2009] thesaint i believe in the saying ‘if we haven’t enjoyed the last hour, we have wasted it’ so enjoy trading, take all in stride and learn
[Sun May 31 18:29:33 EDT 2009] InvestorsLive I state exactly what I’m thinking before I do it
[Sun May 31 18:29:38 EDT 2009] John doh They must only know of one signal “buy now”
[Sun May 31 18:29:39 EDT 2009] InvestorsLive so what when and if it does come
[Sun May 31 18:29:43 EDT 2009] InvestorsLive you already know what I’m thinking
[Sun May 31 18:30:20 EDT 2009] amonte agreed, i dont want buy signals, but is it possible in future a future seminar to go over buys that were made, when they were made and what was seen at the time …. i know this may be a tall order in some buys but maybe not for others
[Sun May 31 18:30:28 EDT 2009] InvestorsLive [Fri May 29_13:12:19 EDT 2009] InvestorsLive CECO now red [Fri May 29_13:12:24 EDT 2009] InvestorsLive COCO too [Fri May 29_13:12:33 EDT 2009] InvestorsLive watch LOPE [Fri May 29_13:12:38 EDT 2009] InvestorsLive hasnt faded yet
[Sun May 31 18:30:35 EDT 2009] InvestorsLive Remember the seminars on sectors
[Sun May 31 18:30:43 EDT 2009] John doh amonte, look in previous seminars, they’re there
[Sun May 31 18:30:50 EDT 2009] InvestorsLive and importance of knowing all those in each sector … where you have an “edge”
[Sun May 31 18:30:54 EDT 2009] amonte really, will have to re-read
[Sun May 31 18:30:56 EDT 2009] InvestorsLive LOPE is always the lagger
[Sun May 31 18:31:11 EDT 2009] InvestorsLive [Fri May 29_13:15:31 EDT 2009] InvestorsLive shorted a few LOPE .95
[Sun May 31 18:31:18 EDT 2009] InvestorsLive my thought process was
[Sun May 31 18:31:27 EDT 2009] InvestorsLive theres a better chance of LOPE hitting more lows than breaking out to new highs
[Sun May 31 18:31:33 EDT 2009] InvestorsLive given the tank in COCO CECO APOL etc
[Sun May 31 18:31:38 EDT 2009] InvestorsLive simple as that… made my decision
[Sun May 31 18:31:56 EDT 2009] InvestorsLive but just aided by knowing your sectors
[Sun May 31 18:32:06 EDT 2009] InvestorsLive ah huem …….
[Sun May 31 18:32:07 EDT 2009] InvestorsLive http://www.investorsunderground.com/sector-stocks/
[Sun May 31 18:32:09 EDT 2009] InvestorsLive 🙂
[Sun May 31 18:32:29 EDT 2009] InvestorsLive few notes regarding OTCBBs
[Sun May 31 18:32:37 EDT 2009] InvestorsLive that I wanted to hit upon because if you go back to last week
[Sun May 31 18:32:38 EDT 2009] amonte haha!
[Sun May 31 18:32:48 EDT 2009] InvestorsLive some were like woahhhhhhh IL
[Sun May 31 18:32:50 EDT 2009] InvestorsLive not used to this
[Sun May 31 18:32:55 EDT 2009] InvestorsLive they come and go…
[Sun May 31 18:33:04 EDT 2009] InvestorsLive when they are hot,… you gotta take advantage of them
[Sun May 31 18:33:12 EDT 2009] InvestorsLive Muddy even… UNCO the other day
[Sun May 31 18:33:20 EDT 2009] InvestorsLive that was an intraday double
[Sun May 31 18:33:28 EDT 2009] InvestorsLive one thing him like me look for .. is VOLUME
[Sun May 31 18:33:33 EDT 2009] InvestorsLive VOLUME tells the story
[Sun May 31 18:33:41 EDT 2009] InvestorsLive [Thu May 28_10:09:17 EDT 2009] Muddy penny peeps,UNCO near .02 [Thu May 28_10:09:23 EDT 2009] Muddy mil shrs now
[Sun May 31 18:34:09 EDT 2009] InvestorsLive check this chart
[Sun May 31 18:34:10 EDT 2009] InvestorsLive http://bigcharts.marketwatch.com/charts/big.chart?symb=unco&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=2&lf2=1&lf3=0&type=4&size=2&state=8&sid=3269550&style=340&time=2&freq=9&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=9902&mocktick=1
[Sun May 31 18:34:22 EDT 2009] InvestorsLive notice anything between UNCO…
[Sun May 31 18:34:24 EDT 2009] InvestorsLive SFIO…
[Sun May 31 18:34:30 EDT 2009] InvestorsLive CVRG
[Sun May 31 18:34:32 EDT 2009] InvestorsLive HYGN
[Sun May 31 18:34:32 EDT 2009] InvestorsLive etc
[Sun May 31 18:34:42 EDT 2009] InvestorsLive when the moves start to accelerate
[Sun May 31 18:34:58 EDT 2009] InvestorsLive and start to look REALLY attractive… and EVERYONE starts talking about $1+
[Sun May 31 18:35:00 EDT 2009] InvestorsLive that’s your exit
[Sun May 31 18:35:02 EDT 2009] littercritter IL is right
[Sun May 31 18:35:11 EDT 2009] InvestorsLive remember HYGN
[Sun May 31 18:35:12 EDT 2009] InvestorsLive at .19
[Sun May 31 18:35:21 EDT 2009] InvestorsLive it ripped from .10… .15.. then spiked to .18
[Sun May 31 18:35:29 EDT 2009] InvestorsLive sure I didnt make to .18 at ALL
[Sun May 31 18:35:42 EDT 2009] InvestorsLive but any time you get a spike like that… 9 outta 10 times prob your best exit
[Sun May 31 18:35:53 EDT 2009] InvestorsLive I’d rather leave a lot of profits on the table than give it all back
[Sun May 31 18:36:01 EDT 2009] InvestorsLive cuz when they fail.. they come back… look at UOMO
[Sun May 31 18:36:05 EDT 2009] InvestorsLive back to .25
[Sun May 31 18:36:19 EDT 2009] InvestorsLive just play the momentum.. and one thing I focus on is playing the initial move
[Sun May 31 18:36:20 EDT 2009] John doh wow
[Sun May 31 18:36:27 EDT 2009] InvestorsLive the initial move is the EASIEST
[Sun May 31 18:36:34 EDT 2009] InvestorsLive after that.. your in the back end of the promotion
[Sun May 31 18:36:48 EDT 2009] InvestorsLive NXPN .. volume was key
[Sun May 31 18:36:53 EDT 2009] InvestorsLive I saw huge vol Thurs.. Fri etc
[Sun May 31 18:37:15 EDT 2009] InvestorsLive now we get a huge pump over the weekend… prob increased momentum tomorrow… and sell into the spike.. maybe last til Tues
[Sun May 31 18:37:30 EDT 2009] InvestorsLive but like I said .. first move is the move you want to play
[Sun May 31 18:37:34 EDT 2009] InvestorsLive after that go back to our niche
[Sun May 31 18:37:38 EDT 2009] InvestorsLive NYSE, AMEX, Nasdaq
[Sun May 31 18:37:52 EDT 2009] InvestorsLive as far as newsletters
[Sun May 31 18:37:56 EDT 2009] littercritter thank goodness we have the logs
[Sun May 31 18:37:59 EDT 2009] InvestorsLive you know my favorites
[Sun May 31 18:38:09 EDT 2009] InvestorsLive stockpreacher.. another one tomorrow
[Sun May 31 18:38:20 EDT 2009] InvestorsLive you’ve gotta be ridiculously careful and as soon as you buy
[Sun May 31 18:38:22 EDT 2009] InvestorsLive you’re a seller
[Sun May 31 18:38:30 EDT 2009] InvestorsLive but you’ve got an edge if your quick enough
[Sun May 31 18:38:46 EDT 2009] InvestorsLive pennystockchaser… pennystockhound or whatever .. they are both the same
[Sun May 31 18:38:53 EDT 2009] InvestorsLive Muddy gets the 2nd one, I’m on the first list
[Sun May 31 18:38:57 EDT 2009] InvestorsLive problem here is… the gaps
[Sun May 31 18:39:09 EDT 2009] InvestorsLive take UPTR for example
[Sun May 31 18:39:24 EDT 2009] InvestorsLive actually it has another pump job tomorrow and prob gaps and moves for 30 min and then dies…
[Sun May 31 18:39:25 EDT 2009] InvestorsLive but
[Sun May 31 18:39:50 EDT 2009] InvestorsLive UPTR perfect example of what to stay away from
[Sun May 31 18:40:02 EDT 2009] InvestorsLive any time a thinly traded stock is moving up on “air”
[Sun May 31 18:40:03 EDT 2009] InvestorsLive http://bigcharts.marketwatch.com/charts/big.chart?symb=uptr&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=2&lf2=1&lf3=0&type=4&size=2&state=8&sid=3680540&style=340&time=18&freq=9&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=526&mocktick=1
[Sun May 31 18:40:13 EDT 2009] InvestorsLive closed about .70 cents the night before
[Sun May 31 18:40:20 EDT 2009] InvestorsLive then was gapping to $1.05
[Sun May 31 18:40:42 EDT 2009] InvestorsLive if you were in the night before… and you aren’t taking that 30-35% profit, you’re insane
[Sun May 31 18:40:53 EDT 2009] InvestorsLive most people are taking profits whihc will cause the avalanche as you saw
[Sun May 31 18:41:19 EDT 2009] InvestorsLive so I usually stay away from big gaps unless htey hold thru the day
[Sun May 31 18:41:24 EDT 2009] InvestorsLive and make a move north later on
[Sun May 31 18:41:46 EDT 2009] InvestorsLive anyway thats my take..and how i play them
[Sun May 31 18:41:49 EDT 2009] InvestorsLive volume is most important
[Sun May 31 18:42:00 EDT 2009] InvestorsLive you don’t want to know 25k shares of something with 300k traded
[Sun May 31 18:42:34 EDT 2009] littercritter 88 posts, 85 from IL
[Sun May 31 18:42:46 EDT 2009] InvestorsLive huh
[Sun May 31 18:43:21 EDT 2009] littercritter read the log
[Sun May 31 18:43:31 EDT 2009] InvestorsLive what are u talking about
[Sun May 31 18:44:12 EDT 2009] InvestorsLive I guess foolery again
[Sun May 31 18:44:14 EDT 2009] InvestorsLive Any other questions guys?
[Sun May 31 18:44:25 EDT 2009] InvestorsLive Anything you guys still stuck on….
[Sun May 31 18:44:26 EDT 2009] InvestorsLive confusing
[Sun May 31 18:44:32 EDT 2009] littercritter can u say, “rant”
[Sun May 31 18:44:49 EDT 2009] InvestorsLive can u say “gag”
[Sun May 31 18:44:51 EDT 2009] InvestorsLive oooooooooo
[Sun May 31 18:45:01 EDT 2009] John doh lmao what
[Sun May 31 18:45:16 EDT 2009] InvestorsLive gag feature, its good for annoying peeps 🙂
[Sun May 31 18:45:26 EDT 2009] InvestorsLive anyhow – new peeps…. any questions?
[Sun May 31 18:45:41 EDT 2009] John doh I have a question
[Sun May 31 18:45:46 EDT 2009] InvestorsLive sure thing
[Sun May 31 18:46:27 EDT 2009] John doh You bought a stock one time, you called it in chat, um, hope you remember the name but I don’t, it was around May 10th
[Sun May 31 18:46:39 EDT 2009] John doh It shot up like 45 cents
[Sun May 31 18:46:47 EDT 2009] InvestorsLive ELN?
[Sun May 31 18:46:50 EDT 2009] John doh You asked if anyone else caught it in Pathan did
[Sun May 31 18:47:00 EDT 2009] InvestorsLive hmm
[Sun May 31 18:47:07 EDT 2009] InvestorsLive rmember price range?
[Sun May 31 18:47:11 EDT 2009] John doh I’m sorry let me check logs
[Sun May 31 18:47:15 EDT 2009] John doh 6 I beleive
[Sun May 31 18:47:18 EDT 2009] John doh Anyway
[Sun May 31 18:47:28 EDT 2009] John doh I saw no indication at all on why you would have bought it
[Sun May 31 18:47:33 EDT 2009] John doh Nothing
[Sun May 31 18:47:37 EDT 2009] John doh Let me look
[Sun May 31 18:47:48 EDT 2009] InvestorsLive no chat logs for may 10
[Sun May 31 18:47:59 EDT 2009] InvestorsLive i dont trade on Saturday
[Sun May 31 18:48:01 EDT 2009] InvestorsLive 🙂
[Sun May 31 18:48:14 EDT 2009] InvestorsLive was it the one we were talking aobut last night?
[Sun May 31 18:48:19 EDT 2009] InvestorsLive where you said “missed it”
[Sun May 31 18:48:35 EDT 2009] amonte for the pennies, how many shares do you normally take or dollar amount
[Sun May 31 18:48:58 EDT 2009] InvestorsLive depends on price range but
[Sun May 31 18:49:02 EDT 2009] InvestorsLive for example stockpreacher…
[Sun May 31 18:49:06 EDT 2009] InvestorsLive ALNS I think was the symbol
[Sun May 31 18:49:17 EDT 2009] InvestorsLive 15k I’m comfortable with..
[Sun May 31 18:49:21 EDT 2009] InvestorsLive under .50 cents
[Sun May 31 18:49:22 EDT 2009] John doh SLM
[Sun May 31 18:49:25 EDT 2009] InvestorsLive over prob 5-10K
[Sun May 31 18:49:25 EDT 2009] John doh Found it!!
[Sun May 31 18:49:35 EDT 2009] John doh 5/8
[Sun May 31 18:49:45 EDT 2009] InvestorsLive ok 1 min
[Sun May 31 18:49:48 EDT 2009] InvestorsLive but amonte..
[Sun May 31 18:49:55 EDT 2009] InvestorsLive .50-1.00
[Sun May 31 18:49:59 EDT 2009] InvestorsLive 5-10k shares
[Sun May 31 18:50:05 EDT 2009] InvestorsLive thats for stockpreacher.. also depends how liquid etc
[Sun May 31 18:50:11 EDT 2009] InvestorsLive cuz i know im going for the quick scalp
[Sun May 31 18:50:25 EDT 2009] InvestorsLive somethin glike NXPN I bought 10k at .22
[Sun May 31 18:50:30 EDT 2009] InvestorsLive moved well.. next day added more
[Sun May 31 18:50:38 EDT 2009] InvestorsLive and added 5 more before close cuz it was strong
[Sun May 31 18:50:46 EDT 2009] InvestorsLive so if its up and vol remains I’ll stay in
[Sun May 31 18:50:50 EDT 2009] InvestorsLive sometihng like HYGN
[Sun May 31 18:50:57 EDT 2009] InvestorsLive 50k shares probably
[Sun May 31 18:50:59 EDT 2009] John doh I think it SLM was up that morning, consolidated, held gains for almost an hour and you took a chance
[Sun May 31 18:51:19 EDT 2009] InvestorsLive lemme bring it up
[Sun May 31 18:52:51 EDT 2009] InvestorsLive $6 cross
[Sun May 31 18:52:54 EDT 2009] InvestorsLive looks like John
[Sun May 31 18:53:05 EDT 2009] InvestorsLive ah yes
[Sun May 31 18:53:06 EDT 2009] InvestorsLive I remmeber that
[Sun May 31 18:53:14 EDT 2009] InvestorsLive that was the one I stoped out at .40
[Sun May 31 18:53:19 EDT 2009] InvestorsLive and didnt put .39
[Sun May 31 18:53:23 EDT 2009] InvestorsLive and bottom was .40 and I stopped out
[Sun May 31 18:53:24 EDT 2009] InvestorsLive remember
[Sun May 31 18:54:00 EDT 2009] John doh hERE’S THE CHART
[Sun May 31 18:54:02 EDT 2009] InvestorsLive but yes it had broken higher… held.. HODing and went for the $6 test
[Sun May 31 18:54:08 EDT 2009] John doh http://i667.photobucket.com/albums/vv36/john89149/SLM.jpg
[Sun May 31 18:54:23 EDT 2009] InvestorsLive yup
[Sun May 31 18:54:25 EDT 2009] InvestorsLive $6
[Sun May 31 18:54:28 EDT 2009] InvestorsLive u have it circled
[Sun May 31 18:54:55 EDT 2009] InvestorsLive then I sold into that spike 1/2 the shares
[Sun May 31 18:55:07 EDT 2009] InvestorsLive same with pathan
[Sun May 31 18:55:27 EDT 2009] InvestorsLive [Fri May 08_11:37:14 EDT 2009] pathan786 out 6.43 thanks IL!
[Sun May 31 18:55:34 EDT 2009] InvestorsLive [Fri May 08_11:36:08 EDT 2009] InvestorsLive taking off half SLM .43
[Sun May 31 18:55:34 EDT 2009] John doh yEA
[Sun May 31 18:55:42 EDT 2009] InvestorsLive yup it was the even dollar mark
[Sun May 31 18:55:45 EDT 2009] InvestorsLive that was of interest
[Sun May 31 18:56:24 EDT 2009] John doh Yea, even dollar, held gains, decent vol coming in, consolidated… I see now
[Sun May 31 18:56:36 EDT 2009] InvestorsLive yup
[Sun May 31 18:58:13 EDT 2009] John doh Yea well, nice call
[Sun May 31 18:58:36 EDT 2009] amonte funny IL mentioned UNCO just before because it was a UBB piercing the white bar on 5/21
[Sun May 31 19:00:03 EDT 2009] InvestorsLive BUDF0X
[Sun May 31 19:00:06 EDT 2009] InvestorsLive molai2
[Sun May 31 19:00:14 EDT 2009] InvestorsLive any questiooooooons
[Sun May 31 19:00:21 EDT 2009] amonte not to go into reverse mode, but i am looking at the SLM chart on a 5 day 15 chart and the UBB is piercing the candle, with vol and high rsi2
[Sun May 31 19:00:36 EDT 2009] amonte can you take it to a 5 day chart or no
[Sun May 31 19:00:44 EDT 2009] InvestorsLive the UBB and rsi stuff isn’t my strong suite……
[Sun May 31 19:00:49 EDT 2009] amonte ok
[Sun May 31 19:00:49 EDT 2009] InvestorsLive more Muddy style..
[Sun May 31 19:00:58 EDT 2009] InvestorsLive I just use 1 min charts and volume as indicators
[Sun May 31 19:01:21 EDT 2009] InvestorsLive for each stock I’m playing I have Level 2 | Time and sales | Chart
[Sun May 31 19:01:50 EDT 2009] amonte would you consider it on monday seeing as the volume came in real strong EOD
[Sun May 31 19:02:12 EDT 2009] InvestorsLive which SLM?
[Sun May 31 19:02:19 EDT 2009] amonte maybe for a push towards 7
[Sun May 31 19:02:30 EDT 2009] amonte yes
[Sun May 31 19:02:31 EDT 2009] InvestorsLive any idea what caused it to pop EOD?
[Sun May 31 19:02:38 EDT 2009] InvestorsLive or just the market
[Sun May 31 19:02:52 EDT 2009] InvestorsLive i know the market popped but… SLM went 6.40 to 6.60 in the same 2 min span
[Sun May 31 19:02:59 EDT 2009] InvestorsLive might been just market activity rubbing off
[Sun May 31 19:03:13 EDT 2009] amonte dont see anything
[Sun May 31 19:03:24 EDT 2009] InvestorsLive but yes thats a bullish chart for sure.. $6.50 where I’d be look for it to hold
[Sun May 31 19:03:31 EDT 2009] InvestorsLive but I take each day as a new day..
[Sun May 31 19:03:31 EDT 2009] amonte ok, in sympathy
[Sun May 31 19:03:37 EDT 2009] amonte true
[Sun May 31 19:03:41 EDT 2009] InvestorsLive so dont care what happened on Friday
[Sun May 31 19:03:48 EDT 2009] InvestorsLive I AM interested if its a big flag pole
[Sun May 31 19:03:49 EDT 2009] John doh amonte, here’s a similar one with a fat volume confirmation
[Sun May 31 19:03:50 EDT 2009] InvestorsLive candle
[Sun May 31 19:03:52 EDT 2009] John doh http://s667.photobucket.com/albums/vv36/john89149/?action=view¤t=Hello.jpg
[Sun May 31 19:03:53 EDT 2009] InvestorsLive stuff like that
[Sun May 31 19:03:59 EDT 2009] InvestorsLive just to give me a general direction that I’m interested in
[Sun May 31 19:04:06 EDT 2009] InvestorsLive like CPN
[Sun May 31 19:07:50 EDT 2009] InvestorsLive Hoping it test towards $14
[Sun May 31 19:08:02 EDT 2009] InvestorsLive Let it run… let it dip
[Sun May 31 19:08:08 EDT 2009] InvestorsLive then if it fails at a nHOD
[Sun May 31 19:08:11 EDT 2009] InvestorsLive watch for short
[Sun May 31 19:08:20 EDT 2009] John doh Wow, CPN great run Friday
[Sun May 31 19:08:34 EDT 2009] John doh Almost exactly like SLM
[Sun May 31 19:08:45 EDT 2009] InvestorsLive looka t vol
[Sun May 31 19:08:54 EDT 2009] John doh yEA
[Sun May 31 19:08:55 EDT 2009] InvestorsLive same as in April
[Sun May 31 19:10:30 EDT 2009] amonte with CPN, there wasnt really any volume til the eod, what made you jump at it
[Sun May 31 19:10:49 EDT 2009] amonte were you long or short
[Sun May 31 19:11:56 EDT 2009] InvestorsLive It’s on my scan for tomorrow
[Sun May 31 19:12:09 EDT 2009] InvestorsLive Didnt see/touch it yet
[Sun May 31 19:12:38 EDT 2009] amonte ah ok,
[Sun May 31 19:12:47 EDT 2009] amonte came up because of the volume at end of day
[Sun May 31 19:15:31 EDT 2009] InvestorsLive vol EOD?
[Sun May 31 19:15:32 EDT 2009] InvestorsLive no
[Sun May 31 19:15:36 EDT 2009] InvestorsLive I look at the daily
[Sun May 31 19:15:46 EDT 2009] InvestorsLive came up on scan b/c of the move/volume
[Sun May 31 19:15:50 EDT 2009] InvestorsLive has nothing to do with time of day
[Sun May 31 19:16:47 EDT 2009] amonte dont understand though, i am looking at the chart and dont see any volume until the spike at the end of day
[Sun May 31 19:17:09 EDT 2009] InvestorsLive http://bigcharts.marketwatch.com/charts/big.chart?symb=cpn&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=2&lf2=1&lf3=0&type=4&size=2&state=8&sid=3043266&style=340&time=6&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1757&mocktick=1
[Sun May 31 19:17:12 EDT 2009] InvestorsLive im looking at that
[Sun May 31 19:17:15 EDT 2009] InvestorsLive nothing more
[Sun May 31 19:17:20 EDT 2009] InvestorsLive not the intraday
[Sun May 31 19:17:45 EDT 2009] InvestorsLive yea looks like EOD vol tho
[Sun May 31 19:18:21 EDT 2009] InvestorsLive spiked back for the close
[Sun May 31 19:18:26 EDT 2009] amonte ok, just had a gump moment there, was looking only at the 5/29 chart
[Sun May 31 19:18:36 EDT 2009] InvestorsLive traded 900k after hours
[Sun May 31 19:19:23 EDT 2009] amonte so during trading you look at the minute chart, but when looking for chart set ups, you look at the daily set up
[Sun May 31 19:19:51 EDT 2009] InvestorsLive right
[Sun May 31 19:20:42 EDT 2009] amonte by the way CPN, kind of a UBB pierce on vol and high rsi2 on 5/08
[Sun May 31 19:22:18 EDT 2009] amonte going to have to retain all of this after a week in Vegas, hmmmm should screen printed
[Sun May 31 19:22:35 EDT 2009] John doh IL, when scanning for plays at night or weekly, you only look at daily as well?
[Sun May 31 19:22:48 EDT 2009] InvestorsLive ya
[Sun May 31 19:22:50 EDT 2009] John doh Why not check the log amonte
[Sun May 31 19:23:00 EDT 2009] amonte lol, so true JD
[Sun May 31 19:23:28 EDT 2009] bmon red the seminars the blogs
[Sun May 31 19:23:52 EDT 2009] bmon read* many of the stuff has been repeated many times
[Sun May 31 19:23:57 EDT 2009] amonte i try every night and the seminars i have starting to re-read
[Sun May 31 19:24:30 EDT 2009] amonte unless gf is around then its competition betwn the charts and her, as she starts to feel neglected
[Sun May 31 19:24:32 EDT 2009] bmon when i first started this strategy i printed some pages and read them EVERYNIGHT etc as well as all the sectors lists i came up with
[Sun May 31 19:25:16 EDT 2009] amonte yeah, had the sectors previously on ST in separate portfolios,
[Sun May 31 19:25:19 EDT 2009] amonte just not as many
[Sun May 31 19:26:11 EDT 2009] amonte this has been a very educational evening to say the least
[Sun May 31 19:27:14 EDT 2009] amonte previously i was also using the 8% and started at the bottom, looking for vol and price, but starting with the least percentage. I thought this might allow me to see the beginning of a trend
[Sun May 31 19:28:27 EDT 2009] bmon yeah i just start with the % mainly because a 5% move on say a sub 2 pps stock just isnt that big of a move
[Sun May 31 19:29:01 EDT 2009] amonte correct, thats why i would look at the higher prices, 6 and up
[Sun May 31 19:29:07 EDT 2009] bmon and i cherry pick them vol wise im not interested at all in a stock that shot up 100 percent or so on 10k shares
[Sun May 31 19:29:18 EDT 2009] amonte exactly
[Sun May 31 19:29:24 EDT 2009] bmon but if i see that oen the next day with huge vol then i know it
[Sun May 31 19:30:06 EDT 2009] amonte yeah, now with the UBB i can use that as a cross reference as well, in tandem with whole dollar marks … it could make for some nice profits
[Sun May 31 19:31:18 EDT 2009] bmon yep the dollar marks are golden
[Sun May 31 19:31:51 EDT 2009] bmon wait the seminar isnt still going on is it?
[Sun May 31 19:32:15 EDT 2009] amonte dont think so, i think IL is done
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