ah....i've noticed sometimes, they will release it instantly, but most of the time it's a day or 2. i keep enough money in there for 2 seperate buy and sells, guess i just forgot how they did things since i was holding cprx through september. maybe it depends on the stock, or maybe the time of day.
Let's watch these
DIGA: This stock had a huge rally in the last hour. It traded just over 1,000,000 shares, but 70% of its volume ocurred between 2 and 3 p.m., where the price gained 20%. Will be looking more into this later this evening and into tomorrow.
FSII: Upon the release of positive business news this morning, this stock climbed 30% before meeting resistance at its 1 year high. It closed the day at $1.50 (+26%) -- its one year high is $1.52. However, this was only a $2 stock before the recession hit, so I don't know how much upside there is from here.
RPFG: This stock gained 41% today. It is one of the stocks I mentioned early on in this thread -- I'll have to go back and look at what price it was then, but I know it was down from the time I mentioned it. After taking a quick gander, I think today may have been nothing but a dead cat bounce, as last week this company entered into a cease and desist order from the FDIC, and is a strong candidate for going under. However, these are the stocks I love to play, it's just a matter of whether or not there is any upward momentum left, and what the downside risk is should I be wrong. After the run up I enjoyed with UCBH, I will be looking to convince myself to hop on board here. This stock has a one year high of $5.10 and closed at .82 today.
TLR: This stock trades on the AMEX, which I ususally don't mess with, but the fact that it gained 50% on 10 times average volume is worth mentioning. I also had this stock written down on a piece of paper a couple days ago for some reason, so will be looking at this one closer. It closed at $1.33 and has a one year high of $1.50, plus its all time high is a little over $4, so not sure if there's enough upside potential to get involved at this level, but who knows.
It's kind of funny, but a lot of stocks I follow received their little delisting notice from the NASDAQ today, so it'll be interesting to see what happens there in the next day or two....I'm hoping there might be some overzealous selling by nervous investors
Just took a quick glance back to the first page, and when I put RPFG on my list back on the 1st of September, it was trading around $1.30, so obviously a good thing I didn't get involved.
DIGA: This stock had a huge rally in the last hour. It traded just over 1,000,000 shares, but 70% of its volume ocurred between 2 and 3 p.m., where the price gained 20%. Will be looking more into this later this evening and into tomorrow.
FSII: Upon the release of positive business news this morning, this stock climbed 30% before meeting resistance at its 1 year high. It closed the day at $1.50 (+26%) -- its one year high is $1.52. However, this was only a $2 stock before the recession hit, so I don't know how much upside there is from here.
RPFG: This stock gained 41% today. It is one of the stocks I mentioned early on in this thread -- I'll have to go back and look at what price it was then, but I know it was down from the time I mentioned it. After taking a quick gander, I think today may have been nothing but a dead cat bounce, as last week this company entered into a cease and desist order from the FDIC, and is a strong candidate for going under. However, these are the stocks I love to play, it's just a matter of whether or not there is any upward momentum left, and what the downside risk is should I be wrong. After the run up I enjoyed with UCBH, I will be looking to convince myself to hop on board here. This stock has a one year high of $5.10 and closed at .82 today.
TLR: This stock trades on the AMEX, which I ususally don't mess with, but the fact that it gained 50% on 10 times average volume is worth mentioning. I also had this stock written down on a piece of paper a couple days ago for some reason, so will be looking at this one closer. It closed at $1.33 and has a one year high of $1.50, plus its all time high is a little over $4, so not sure if there's enough upside potential to get involved at this level, but who knows.
It's kind of funny, but a lot of stocks I follow received their little delisting notice from the NASDAQ today, so it'll be interesting to see what happens there in the next day or two....I'm hoping there might be some overzealous selling by nervous investors
Just took a quick glance back to the first page, and when I put RPFG on my list back on the 1st of September, it was trading around $1.30, so obviously a good thing I didn't get involved.
Quick note on diga
DIGA's President and CEO has purchased a 100,000 shares of DIGA since June. His most recent purchase was two days ago (30,000 shares). His DCA is $1.20 per share.
Officers of the company have accumulated more than 250,000 shares since the first of October....DIGA's closing price on 30 September was $1.08
DIGA's President and CEO has purchased a 100,000 shares of DIGA since June. His most recent purchase was two days ago (30,000 shares). His DCA is $1.20 per share.
Officers of the company have accumulated more than 250,000 shares since the first of October....DIGA's closing price on 30 September was $1.08
Yeah, as I was scouring the message boards for information, I noticed a couple references to CHIP. DIGA's been trading in a very narrow range for over a month despite news that its technology was doing very well, and during that time insiders have been loading up. This definitely has strong potential for the very near term. Will be tracking it closely, as I think a strong breakout is coming.
Who do you use? Open a margin account and you can trade back and forth w/ unsettled funds. In my Roth IRA I can buy with unsettled cash, I just can't sell that same security for 3 days until the trade settles. So I can sell something, turn right around and buy with that cash, just can't sell it until I hold it 3 days. I use Schwab.
keep an eye on CPRX....down to .91 today. i've said it before and i'm saying it again: if this baby touches down to the .80-.85 level, it's good for a 50% run up in a day.....also keep an eye on ETRM, very similar stock in a very similar situation, down to .87 today, although it hasn't really established a strong support level since it tanked last week.
wish i woulda had these today segement
ACPW: From .81 to as high as $1.14 today, and all the action and a huge chunk of the volume taking place in the final 45 minutes, where it climbed to a 40% gain on the day to close at .94 (+16%). Once it touched its one year high, it dropped sharply. It had some positive business news a few days ago and could just now be bouncing on that. We'll check it out.
AFN: This stock closed at $1.18 (+11%), not far from its day high of $1.22. These guys applied for a 10/1 stock split on September 11 to maintain minimum listing requirements, and has since gained 50% with today's close.
IPII: This stock closed at $1.45, up 34% from yesterday's close. The stock traded flat all day after an initial run to $1.16. It was another late day mover, as almost all its volume and gains ocurred in the last 2 hours of trading. It closed near its high for the day. Interstingly, its volume today was less than its average volume. On August 28, this stock traded at .66; on September 3rd it closed at $2.39; yesterday it closed at $1.08. Going to dig a little deeper into this one and see if there's something here.
NGBF: This stock closed at $1.06 (+13%). There has been steady insider buying for the past couple of months. Today was its first decent upward move since late August.
PLUG: This stock closed at $1.12 today (+22%). This is another stock I had written down on a piece of paper a few days ago -- I think because it was moving in the After Hours session, and then I got away from it. Anyways, this company released a PR early in the day, and within an hour it was reaching its high for the day. Close to 800,000 shares were bought at 10:30. After reaching its high, it slowly dropped the rest of the day and is currently trading flat in After Market action. There has been steady insider buying since the first of the month when it was trading below .90. This could certainly be worth getting into tomorrow, but I gotta take a closer look at the PRs and get a feel for it.
WAVE: This stock closed at .98 today (+16%). This stock gained 300% from August 25 to August 27, where it made a new one year high, then it dropped like a brick the next couple days. It has been trading up and down since then. Don't know much about it yet, but will check it out.
XRM: This stock closed at $1.32 today (+22%). It has traded in a flat range for most of the past year since falling from its one year high of $6.62 (October 20 last year). Of interest is that 3 times since June it has had spurts to the $1.60-$1.75 level before falling back off the cliff. This stock saw a nice round of insider buying in early August, right after they released their 2nd quarter results. The stock closed at $1.15 on the report day of the insider transactions, which was a 22 cent discount from the day before they released earnings.
ACPW: From .81 to as high as $1.14 today, and all the action and a huge chunk of the volume taking place in the final 45 minutes, where it climbed to a 40% gain on the day to close at .94 (+16%). Once it touched its one year high, it dropped sharply. It had some positive business news a few days ago and could just now be bouncing on that. We'll check it out.
AFN: This stock closed at $1.18 (+11%), not far from its day high of $1.22. These guys applied for a 10/1 stock split on September 11 to maintain minimum listing requirements, and has since gained 50% with today's close.
IPII: This stock closed at $1.45, up 34% from yesterday's close. The stock traded flat all day after an initial run to $1.16. It was another late day mover, as almost all its volume and gains ocurred in the last 2 hours of trading. It closed near its high for the day. Interstingly, its volume today was less than its average volume. On August 28, this stock traded at .66; on September 3rd it closed at $2.39; yesterday it closed at $1.08. Going to dig a little deeper into this one and see if there's something here.
NGBF: This stock closed at $1.06 (+13%). There has been steady insider buying for the past couple of months. Today was its first decent upward move since late August.
PLUG: This stock closed at $1.12 today (+22%). This is another stock I had written down on a piece of paper a few days ago -- I think because it was moving in the After Hours session, and then I got away from it. Anyways, this company released a PR early in the day, and within an hour it was reaching its high for the day. Close to 800,000 shares were bought at 10:30. After reaching its high, it slowly dropped the rest of the day and is currently trading flat in After Market action. There has been steady insider buying since the first of the month when it was trading below .90. This could certainly be worth getting into tomorrow, but I gotta take a closer look at the PRs and get a feel for it.
WAVE: This stock closed at .98 today (+16%). This stock gained 300% from August 25 to August 27, where it made a new one year high, then it dropped like a brick the next couple days. It has been trading up and down since then. Don't know much about it yet, but will check it out.
XRM: This stock closed at $1.32 today (+22%). It has traded in a flat range for most of the past year since falling from its one year high of $6.62 (October 20 last year). Of interest is that 3 times since June it has had spurts to the $1.60-$1.75 level before falling back off the cliff. This stock saw a nice round of insider buying in early August, right after they released their 2nd quarter results. The stock closed at $1.15 on the report day of the insider transactions, which was a 22 cent discount from the day before they released earnings.
Some of these I've never heard of. I run my screen at the end of the day to see what was moving, and I try to determine if there's still short term upward momentum left. I'm living off my savings right now, which is the reason I'm not getting into anything for more than a day or two. If I can jump on something while it's going up, then I'm happy. I'm buying 3,500 shares at a time, so if I can jump on a dollar stock and make 6 cents off the momemtum, then it's a couple hundred bucks for an hour or two of work. Obviously I've jumped off some way too early, and held others too long. I'm still upset about last week when I rode CPRX to $1.74 and didn't get out until around $1.30....about a $1,500 difference in a matter of minutes.
This thread here is like a journal, kind of putting some ideas out there, and then I come back and go through it every couple days to see where I was on track with something, or wrong. One thing I am seeing is that if a stock is breaking out in pre market trading, it will continue to climb in the regular session, although the pattern of a stock that opens near it's pre market high sells off soon after open is holding true. It might have something to do with traders waking up and saying "Holy shit" and taking profits.
At the same time, stocks that are up significantly in the pre market, but open considerably lower than the pre market high, usually take off at the open. I also look to see if there's some positive PRs behind the upward move, because it seems to substantiate the movement, while stocks that move up on no news have a tendancy to leave you pissing in the wind. Plus, with it being earnigs season, you never know when something is close to breaking out, which is another reason I've branched out to looking at a high number of stocks instead of tracking just 3 or 4.
So to answer your question, these are not stocks I am actively trading, just actively tracking and trying to get a feel for. When these dollar stocks move, they move fast, usually in the first hour of the day, after which they seem to settle within a tight range. There's nothing better than hopping on something, riding it up 20 cents and making 700 bucks before lunch time. It can easily go the other way, so one certainly has to be careful and A) not be greedy and B) not be afraid to say "this was a bad pick, I'm getting out now and limiting my loss".
That's a good strategy. I did this for a long time before I started trading heavily. Every stock has its epps and flows. You can try to pick out the perfect/buy sell signals, but it's not always so easy as news, upgrades, downgrades, pessimistic articles on big websites, too many factors.
Not a bad idea to just grab 1/3 of the position you'd like to make, wait to see how it trades and add/remove accordingly. But then again, you're simply trading, then you're doing it right. Here's a great link if you'd like to learn more Technical Analysis:
http://www.screencast.com/users/MrBigzzz/folders/Default/media/5c1e3929-8486-42fc-a316-85e040316f69
thanks, i will certainly check that out. Learning how to read the different charts is high up on my list. I do think one of the advantages I have at being a novice at this is I am willing to make trades that a lot of the more experienced investors wouldn't dare touch. And in my opinion, that's where there's money to be made.
And lost, keeping things in perspective is one of the most important things, at least for me.
And lost, keeping things in perspective is one of the most important things, at least for me.
been kind of slow the last couple trading days. Most of the stocks i mentioned above are down a few cents.
I almost stepped in and bought NGBF at the open, but held off. It climbed all the way to $1.20 in pre market action, opened at $1.07, but was unable to get any upward traction. This stock's lowest closing price over the past several months was .84, and with all the insider buying here lately and what not, I don't see much downside risk.
CPRX and ETRM made nice moves to the upside at the start of the day before losing some of their gains. The volume on CPRX is almost nonexistent, and I would not be surprised if it closes flat or even in the red a little. I'm still waiting for CPRX to either dip down to .85, or show upward momentum on good volume before I get back in.
Another stock of interest is TGEN. On Friday, it gained 108% on 70,000 shares traded in after hours. However, only 100 of those shares accounted for the gains; the other 69,900 shares that were traded were traded at its closing price. Today TGEN is currently up 10%. Now, this is a quarter stock and I don't normally mess with them, but if you take a look at ENA, it gained 200% in after hours action one day last week on very little volume, and since then is up more than 20%. In fact, within a couple days, it had added as much as 35% and has since settling down. So keep your eyes on TGEN -- trading at .28 now, I am forecasting it to hit .40 by week's end, but I'm not touching at this point, just trying to see if I'm getting an accurate feel.
UCBH is also back to the $1 level. The news of a possible injection of cash by the Chinese has been tempered by the fact that such an infusion would still leave them considerably below the minimum requirement. Some follow up news on the possible takeover could result in another run up -- especially considering the number of short positions -- but until then it's not worth getting back in bed with.
Still waiting on DIGA as well, still like the stock due to the insider buying and the fact that it has signed exclusive deals for its technology, but again I am waiting to see it gain some upward momentum.
I almost stepped in and bought NGBF at the open, but held off. It climbed all the way to $1.20 in pre market action, opened at $1.07, but was unable to get any upward traction. This stock's lowest closing price over the past several months was .84, and with all the insider buying here lately and what not, I don't see much downside risk.
CPRX and ETRM made nice moves to the upside at the start of the day before losing some of their gains. The volume on CPRX is almost nonexistent, and I would not be surprised if it closes flat or even in the red a little. I'm still waiting for CPRX to either dip down to .85, or show upward momentum on good volume before I get back in.
Another stock of interest is TGEN. On Friday, it gained 108% on 70,000 shares traded in after hours. However, only 100 of those shares accounted for the gains; the other 69,900 shares that were traded were traded at its closing price. Today TGEN is currently up 10%. Now, this is a quarter stock and I don't normally mess with them, but if you take a look at ENA, it gained 200% in after hours action one day last week on very little volume, and since then is up more than 20%. In fact, within a couple days, it had added as much as 35% and has since settling down. So keep your eyes on TGEN -- trading at .28 now, I am forecasting it to hit .40 by week's end, but I'm not touching at this point, just trying to see if I'm getting an accurate feel.
UCBH is also back to the $1 level. The news of a possible injection of cash by the Chinese has been tempered by the fact that such an infusion would still leave them considerably below the minimum requirement. Some follow up news on the possible takeover could result in another run up -- especially considering the number of short positions -- but until then it's not worth getting back in bed with.
Still waiting on DIGA as well, still like the stock due to the insider buying and the fact that it has signed exclusive deals for its technology, but again I am waiting to see it gain some upward momentum.
setting up nicely for tomorrow
hope you're wrong tiz, but i don't mind sitting on the sidelines for a couple 3 days. once i decided i wasn't getting involved with anything this morning it was the clint eastwood westerns for the rest of the day
DARA and CABL
Especially DARA. Closed at .48 today, reached as high as .60 in after hours on more than 100,000 shares traded. Announced that they are expanding on their collaberation with American Stem Cell. Back in August, when these guys did their initial link up, DARA ran 100% in just a coule days. Her one year high is $1.40, so she's got a ways to run. Also, the stock has been trading in the .40 range quite a bit, so the biggest downside will be getting in at too high a price tomorrow. This is what I'll be looking for when it comes to getting involved: good pre market action with a move to the upside, and an opening price that is at least 10 to 15% below its premarket high. If it opens at, near, or above its pre market high, I would wait for a 10 to 20% retracement before getting in.
CABL: On Friday, they announced some financial restructuring that will give debtholders 2/3 of the company. The stock has been flat until after hours today, where it reached a high of $1.30 (it closed today at .77). Another company that I track (BIOF) gained a 100% on a similar announcement before falling back close to its original price in the days that followed. CABL though is not getting much in the way of volume in after hours action, so remaining guardedly optimistic.
hope you're wrong tiz, but i don't mind sitting on the sidelines for a couple 3 days. once i decided i wasn't getting involved with anything this morning it was the clint eastwood westerns for the rest of the day
DARA and CABL
Especially DARA. Closed at .48 today, reached as high as .60 in after hours on more than 100,000 shares traded. Announced that they are expanding on their collaberation with American Stem Cell. Back in August, when these guys did their initial link up, DARA ran 100% in just a coule days. Her one year high is $1.40, so she's got a ways to run. Also, the stock has been trading in the .40 range quite a bit, so the biggest downside will be getting in at too high a price tomorrow. This is what I'll be looking for when it comes to getting involved: good pre market action with a move to the upside, and an opening price that is at least 10 to 15% below its premarket high. If it opens at, near, or above its pre market high, I would wait for a 10 to 20% retracement before getting in.
CABL: On Friday, they announced some financial restructuring that will give debtholders 2/3 of the company. The stock has been flat until after hours today, where it reached a high of $1.30 (it closed today at .77). Another company that I track (BIOF) gained a 100% on a similar announcement before falling back close to its original price in the days that followed. CABL though is not getting much in the way of volume in after hours action, so remaining guardedly optimistic.
Be careful with CABL, I almost bought it a few months back on the recommendation of a friend, but I just didnt like how secretive they were about their financials until recently. It could be a great sign that the company is coming clean and will be more open to their shareholders. But, it trades very thin and manipulation could be at hand. Tread lightly, IMO
