GFS
Yes, I like Dr. Bob board, among others. (MDD is my fave - somehow was the first thread that called to me - kinda like
my Homeroom...ggg) The Ask Dr. Bob thread header is updated
daily with very good T.A. on general market direction. Been learning reading that. I like the use of TICK and TRIN, among other indicators.
I tend not to play Bulletin Board Stocks. They are prime suspects for manipulation due to low volume. One of the reasons I like the S.I. Screener - no BB stocks! If I were
to play one of those, I would use LIMIT order only! Market,
you are asking to get $crewed.
MABA - NICE chart! I love the chart pattern exemplified by the price consolidation 1/4-1/16, consolidation flag. Often,
I will watch a breakout for days, waiting for the flag and then breakout back up to finally play. My goal is to wait for
the highest probability chart breakout patterns and only keep my money exposed for the shortest period of time. Once I get my good % gain, I'm gone. I am often early taking money off
the table, but I really don't care much about squeezing every last penny out of the position. While others may be waiting to get that little bit more, my money is very likely in something else about to pop. The power of compounded profits far exceeds the last dime available in the last trade. To explain what I mean, let me give my own trading example of the last week. The week ending the 12th, I had positions, roughly equal in AFFI (.22), CICI (1.19), DSTR (.44). If you look at the charts, you will see one of my favorite chart patterns I call the "launch pad". AFFI (1/3-1/17), CICI ( 12/20-1/10), DSTR (1/2-1/17). Note the price (candlesticks) attempting day after day to butt up against resistance. The price seems to contract into a narrowing pattern, the wedge
rising up towards resistance. For me, CICI popped first. I sold at 1 11/16 (42% gain). I dumped that money into AFFI,
which popped next. Now, my dough (w/ 40% gain) is piled into
AFFI, and I'm still holding DSTR. AFFI pops, I bail at .38 for a 72% gain on that position. Now, the same day, and DSTR
looks like it's about to pop, I dump all the profits from AFFI into DSTR at .50. It then pops 40%!!!!! Mathematicly,
it would look something like this (A=C=D ;equal dollar investments) C + 42%gain = 1.42 (added to A, now have 2.42A)
2.42A + 72% gain = (1.74+2.42) 4.16A (added to D, now have 5.16D) 5.16 + 40% gain = (5.16 + 2.06) 7.22 D. In other words, my original dollars were 3D, my final balance is 7.22D
a gain of about 140% on that invested money in slightly more than a week. I have never come close to realizing those kinds
of gains on any other kind of stocks, I doubt I ever will.
Now, do you know why I love the Microcaps?
GGG
I added MABA to my watchlist, as it appears a good candidate for close to a double. Trouble is, I have so many great looking candidates on my watchlist, it's like the kid running around in the candy store, wanting everything but knowing you can only have so much! A great problem to have if you ask me.
Best of Luck,
Eichler |
