OSHANL,
Good suggestion.
However, I like all stocks, pennies and the big boys for different reasons. Will the Coffee House, allow this?
Pennies don't usually have that much staying power. But it really depends on which penny you are looking at.
If you go back to my first post, I recommended MITK at .90, it now trades at 1.56. Over a 50% gain and it still holds. However others make that 50%-100% jump and fall back quickly.
By "hiding out" here I won't receive the wrath of other traders/investors who hate... no, despise the penny market.
If the coffee house area doesn't care, I may ask to be switched.
Now, I have always loved the online brokerage industry.
I knew what the growth can be realized here. Back in december, none of my friends had brokerage accounts. Now, three friends of mine do. I expect another 4 of them to open one this year.
In other words, this industry is expanding fast.
All my friends/family have to do is hear about how I am making money and am not in the poor house from investing/trading stocks and they are instantly interested.
I think several years ago when I quit my "real" job to do this there were a lot of snickers and comments in the background. I think the DOW was trading at 6000-7000 back then.
Now my friends want to learn what I do and how I do it. And I'm more than happy to help.
It has been through trial and error that I have been able to see what trends look like they will pan out and which ones will not.
There are no guarantees in trading. However, I believe through experience, I've been able to increase my odds significantly of what sells to the trading public.
And that is really the key. I have to put myself into someone elses shoes and figure out if they would be excited about a stock, does the stock have good inherent value. Does it have the potential to launch many points higher than where it is currently at. AND is it going to look just as attractive at say $15 as it would at $25?
If it meets all that criteria, I get in. I make sure the price/volume confirms my analysis, and then tell the world about it.
No stock is critic safe. There were extremely heavy bashers of NITE at $22 which is now worth $130 before the split. Extremely heavy bashers of SWS at $17, NDB, etc..
You just have to answer their concerns, and if you can't do that to their satisfaction you just have to learn to either poke fun at them until the stock moves 5-10 points and then they are too embarrassed to talk any more.
Well, I've rambled on enough, but hey, its my board!
Heh.
Good Trading to all!
-DavidCG
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