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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (24683)8/4/2001 12:39:04 AM
From: kuntahene  Read Replies (2) of 59879
 
Mark,

I was also looking at 1.50 as initial target for MFNX. Any move will be news based, so I think extent of move will be difficult to predict. Still lots of risk with MFNX, but worth it IMO. Holding core position and regularly trading some... I like trading stocks like MFNX-- high volume, volatile yet predictable.

USXP was blind luck. Happened to see $389 million jury award news. I quickly scanned the release and liked everything I saw: $389 million for a 2 cent stock, cannot appeal decision, starting process to collect. Even better, I was familiar with the company and their uncanny ability to pump their stock. The bad part was I only got filled for 170,000 shares out of 300,000+ order. Big mistake was not being more patient... I should have known that a weekend full of pumping all over the message boards would send it flying on Monday. But I didn't wait and dumped some Monday morning and the rest at 13 cents then watched the run to 30 cents. I try not to think about the "what if" scenarios, but a little more patience would have multiplied my (still great) profit by 5! My wife keeps thinking what if... but I'm still happy. The big lesson on this one was to never underestimate the power of people pumping a penny stock on internet message boards! (News on Thurs tripled the stock, but it actually fell on Friday... then the pump began and the rest is history... 2 cents to 30 cents in 2.5 days!)
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