hey Jim, a few thoughts..
you have always been very good natured and open about your trades,
feelings, etc. and I'm sure your presence would be missed. Hope you stick around nonetheless, trading or not...During the first half of this year I also did extraordinarily well with OTC BBs, specifically the internets.. 2000+%
Unlike Mo green, I pulled back too early in the spring tho, and reduced my trading portfolio size to reduce my risk. Since July I have managed a continued profit, trading many more Naz stocks from this thread, but much less in comparison to previous returns. The Naz is quite a different trading environment, and I still have lots to learn.
As you know, the OTC BB environment since the new reporting requirements hit this summer has been extremely bad. (The main reason why I started studying NAZ trades & ipos in earnest)
However, keep an eye on the BBs with your 1,000. Last fall I had a few left over shares of a little one called AWEB, 1,750 shares I think. (ANSC now) & I stopped watching it, & stopped trading a while..& it fell from a buck to .25 - But when momentum hit the internets, it ran from .25 to 17.5 in about 2 weeks as I recall. Unfortunately I sold around 4, but I saw the value of those few shares go from about $400 to what would have been over $25,000 had I held on during that huge momentum run... so you just never know.
In the last 2 weeks, I'm seeing bottoms hitting everywhere with OTC bbs. Here is a somewhat typical example (not a rec., just an illustration):
TOCK, almost at 6 last march hit .18x.25 yesterday..
I missed it, it bounced off the floor to .37x.50 this am..
but I'm seeing examples everywhere that many OTC BBs have bottomed in the last week or two.
bigcharts.com
so my suspicion is that the OTC may have bottomed well in advance of the NAZ & DOW, and if we get lucky, we might see another momentum curve once the other markets do finally bottom and start back up. I'm going to start taking some small BB positions in some very beat up previous favorites scraping the absolute floor now, just in case...
if anyone is interested I will post a chart or two as I come across them in my study... and happy to compare notes.
be well & keep in touch!
LA |
