And the MA means the stocks been going up for the last 50 days?

rockbear, I averaged down twice, once at $1.14 and then more at $1.08. Look at the screenshot I posted, it sais "price paid $1.15". That's my average price for VASO.

And if your gonna come on here and call me a liar, stop asking me for tips on icq.

Thanks Head. Yes, don't feel like you have to jump in immediatly or lose out. My philosophy in the market is that there will always be another trade! Ask a good poker player about why he wins more than he loses, he will tell you there will always be another hand, same thing with the market.

I will be posting picks mostly on a daily basis in this thread, some days I may not if there are no good stocks, I don't want to rush anything, you have to let it come to you.

Now, as far as the picks so far...DROOY, I posted a buy for that at $1.43, it's up 5% from that at $1.51. As I said earlier, $1.43 is the bottom on this stock. DROOY is more of of a long term pick, but the great thing about it is it will only go up from here, so it is not too late to buy it.

IN is one of the best charts I have ever seen. It is not too late to buy that, you still have a few more days before it moves. This is a stock that will move huge, but most likely it will be on news. If you look at the chart, what it is doing right now is called a flagging pattern, but this is the longest flag I have ever seen, which is VERY BULLISH. This is my favorite medium term stock, so don't rush into it. I posted that at $2.01, it is still the same price, it's holding it nicely, this stock is not going below that, so the key here is to simply buy it before it makes its move,m because it will keep staying at this price untill it makes its move.

VASO, my average is now $1.15 which is what the price is now, but I am not sure about this stock right now, I need a couple more days worth of chart to be able to tell, but I would NOT be buying here. If you have it, hold it, but if you don't have it, I would not be buying here, too risky.

TKER, I was going to sell, but I have not as it is consolidating now. TKER is consolidating here, the thing with this stock is if it breaks down, it will go down ALOT, 20-30% in 1 day!! So its very risky, I'm gonna watch it for a couple more days and see how it does, but if it keeps consolidating here, it will go higher.

Head, read this, its a great explanation of what it is. The moving average is one of the most important technical analysis tools (maybe the most important tool?) you use as a trader.

http://www.investopedia.com/universi...ngaverage1.asp

I have got a fantastic gem. This is my top pick guys for tomorow and the coming week.

WARNING: THIS IS A NASDAQ STOCK, BUT IT IS UNDER $1. IT IS RISKY, SO UNDERSTAND THAT AND DO YOUR OWN RESEARCH.


01/06/05
***BCON***
CURRENT PRICE: $0.85
SHORT TERM UPSIDE: $1.05+

THIS STOCK IS FLAGGING, AND GETTING READY FOR ANOTHER RALLY TO TRY AND TAKE OUT ITS RECENT HIGH OF $1.05. THE STOCK HAS JUST BOUNCED OFF OF IT'S 50 DAY MOVING AVERAGE, THAT IS VERY BULLISH. I AM BUYING THIS TODAY AT $.85

Damn that's hard to follow you. You should post all your screenshot in the same message to follow you easily.

Investing is great, but what you are doing there is not much more than gambling. And, there are really 2 possible outcomes from gambling, quitting when ahead, or quitting after getting burned badly.

Well, the market changes on an hourly basis, so must we :)

buy low, sell high. simple.

I disagree with you. What I am doing is not "gambling". The only winner when gambling is the house. In the market, you can become a winner with discipline and practice and good research.

Having said that, make no mistake about it, you cannot get 210% gains in 2 months witout taking risks. My style is not for the weak of heart. This is why if you read virtually every message I have posted here, I emphasize that this is RISKY!! If it was easy, everyone would have 210% returns, when the rality is most people are lucky if they have 15% in 1 year on a consistent basis.

The higher the RISKS, the higher the REWARDS. My style of "investing" or trading is not for everyone. I cannot reitterate this enough. At the end of the day, it is YOUR money, so if you invest it blindly just because MetaformX told you so, then it is your own fault.

I am here to guide and help those who may be interested in my trading style. It is the persons responsibility to make sure that my guidance is headed in the right direction.

And how do you do that? :) Last time I checked my wallstreet broker did not give me a lesson on that. I mean most people know you are supposed to buy low and sell high, but why doesn't wallstreet teach us how to exaclty do that.

Thanx again Met!!! :thumbsup

My current online broker comdirect.co.uk only allow US trades by phone.
I know etrade.com allow accounts from the UK, Germany and some other European countries - I just sent off the forms to open an account there too.

Not sure what country you are from but check them out.

MetaformX - I respect you for sharing your strategy. I think I will sink some cash into IN. That is the same company that BT are on the verge of buying right? (BTA on the FTSE)

If anyone has constructive criticism that is one thing, but bashers go away...

Liar!!!
 

You are a fucking liar. You told all of us yesterday that you bought it at $1.25. You show us a chart that you bought it at $1.15. How the fuck could you have averaged DOWN to $1.15 if you bought it at $1.25 & $1.15? That is impossible. Don't try to tell me you bought enough shares at $1.15 to bring down your average price that much. You are a liar that you bought it at $1.08.

Stop bullshitting everyone. Most of the people on this board do not know dick about the stock market and you are going to cause them to lose money you scumbag. You do not know dick about the stock market and now you lie about AVERAGING down which was impossible by the numbers you showed us.

Asshole!!
 

One other thing scumbag. Why do you block out the most important part of your sales? The answer is you do not want anyone to see you are losing money. LMFAO!!!

IN looks good to me as well. I mentioned it in this thread yesterday as well. I was waiting a day or 2 (probably untill Monday now) but I think it may be time to pull the trigger and grab up some shares.

Liar!!!
 

You are full of shit. PRICE PAID MEANS PRICE PAID. It does not mean your average price. You are trading with ETRADE. I know exactly what everything means on that chart. YOU PAID $1.15 on that particular trade. !!! You are a fucking scumbag and a liar!!!

VASO CLOSED AT $1.09. Good job asshole!

This thread has me breaking out my Market Wizards book. I haven't read it in about 5 years. I recommended read for traders.

You are such a dick!
 

VASO, my average is now $1.15 which is what the price is now, but I am not sure about this stock right now, I need a couple more days worth of chart to be able to tell, but I would NOT be buying here. If you have it, hold it, but if you don't have it, I would not be buying here, too risky.

You posted this yesterday stating it was a buy at $1.26. Now it is at $1.15 and you are not sure about the stock. You need a few more days worth of charts? You need to stop posting your fucking garbage and stop trying to make yourself look good. You do not know shit about investing and you have proven it in just two days.

You break your own rules everyday. Today you told everyone to buy a stock which is under a $1.00 but yesterday you wrote you would NEVER post a "penny stock". You are a piece of shit.

And to anyone who is not a professional trader, who is considering active trading for investment purposes, or really just wants some stock market enlightenment, I recommend the following:

Burton Malkiel's A Random Walk Down Wall Street

I read this book once every few years. It's that good.

Trust me on this one folks. It's a timeless masterpiece.

Liar!!!
 

You just wrote yesterday that you would NEVER post a stock under $1.00. It took you ONE day to tell a nother lie. You are a fucking asshole!!!

Are you still talking loser? Go get a life and stop stalking me. I won't be responding to your stupid statements anymore since logic is not one of your strongpoint. But feel free to keep bumping this thread like you have been. I appreciate it!

http://www.studiocash.com/1.gif

Dope!!!
 

Everytime you write something you come off dumber and dumber. The market changes constantly during the day. How the fuck can you come on this board and give stock advice. You do not know dick about the stock market.

Meta.. just because i doubled my money with roulette doesnt mean
i can beat the system.

Would you please shut the fuck up. Hes not selling this information. For fucks sake give it a rest.

If you don't want to participate don't.

Lmao!!!
 

Another lie. You claim to have me on ignore but you responded. You do not tell the truth about anything you scumbag.

Hey asshole!!!
 

Let me explain this to you so you understand. Their are people who are going to buy the stocks he lists and they are going to lose money. This guy does not know shit about the stock market and by you trying to protect him that tells me you are a fucking asshole who deserves to lose money on this guys picks.

Don't talk down to me you ignorant fuck. Quit acting like a stupid fuck and let it go. Hes put disclaimers in this post. People know how to read. If they are stupid enough not to understand the risk chances are they are to stupid to even set up an account to trade these stocks.

For the record I haven't utlilized any of his picks. If you read the actual exchange of conversation and information people have shared in this thread you would know I trade long and do well at it.

Start your own thread and bitch about his picks if you think they are that bad.

Don't talk down to you? I want you to understand this. Are you ready....















GO FUCK YOURSELF YOU PIECE OF SHIT!!!! I will talk down to you anytime I want you stupid mother fucker!!!

Broke you fast. :1orglaugh

Don't have a stroke you stupid ass.

Very intresting thread.. Day trading has always been an attractive possibility

:thumbsup :thumbsup

Trading stocks are for pussies..
Real men trade forex ;)

you will lose, 9 out of 10 lose thier shirt

Furious, I am glad to see that you are not getting too worked up over this guy. I have him figured out. He is a member of the small dick club. It's quite tragic realy, but if you think about it, eventually someone has to be born with a small dick, so he just got unlucky.

No one ever pays attention to him so he has to come on a message board and start disrespecting people so he can get people to pay attention to him. It's a sad way to live your life, but to each his own. Hopefully someday he can be relieved of his small man complex.

I pitty his family/girlfriend/wife/dog as although I cannot imagine the pain they are going through having to put up with such a imbocile. I consider myself lucky that I have only gotten a small glimpse into his pathetic life. To know this guy in real life would be utter torture. We should be thankfull everyday that we know him only through the often weird and unsatisfying cyberspace.

Averaging down on a stock that triggered your stop loss limit is not a good idea.. instead of cuting your losses, you put more on the stake because your mind just doesn't want to let go. You should really stick to the 2% stop loss rule because it's a good one. Also you shouldn't wait for the next day's open to sell. When -2% is hit just let go of it. There's plenty of other fish in the sea.

On the other hand it's easier to give advice than to follow it. I've been stuck in BGO for the past 3 days because I didn't want to let go when a stock I belived in didn't act as I predicted.

Metaformx: What do you think about BGO?

very good post and thread!

You have to understand that this guy does not have a clue on what he is doing. He puts up countless rules to follow and he breaks at least one everyday. He claims to make money on 4 of 5 stocks he buys but he is losing on every stock he has picked since he started this thread except one.

Look at his thoughts on VASO. He does not have a clue.

Remember, a broken clock is right twice a day so when he finally gets one right he will be thumping his chest and telling all of us on how great he is. Don't you notice that when he loses on a stock he has an excuse....I averaged down. He never mentioned he would average down after losing 2% until he was losing 13%. He never mentioned he would sell the next day if he was losing more than 2% until I called him on it. He claims he sells on the open the next day. Now that is beyond stupid.