***Official*** 2011 Stock Market Thread

[Azurik]

LEXG is also a special exception. It's being funded with a $3.5 million dollar pump campaign (it's a huge huge huge pump). What's shocking is only a portion of that's been used. It's gone up so much with people un-boxing their shares and then forcing to cover. If they just box their shares until capitulation, this thing wouldn't have gone to $10 so freakin' fast.

 

[Imp]

Anyone willing to play RIM/RIMM?

Some analysts have dropped their ratings, and many are crying about its impending doom. P/E of only 8.5-ish I think, still making money.

I'm tempted but siding with the naysayers right now.

 

[IHateMyJob2004]

LEXG is also a special exception. It's being funded with a $3.5 million dollar pump campaign (it's a huge huge huge pump). What's shocking is only a portion of that's been used. It's gone up so much with people un-boxing their shares and then forcing to cover. If they just box their shares until capitulation, this thing wouldn't have gone to $10 so freakin' fast.

http://www.google.com//finance?chdn...2121&chls=IntervalBasedLine&q=OTC:LEXG&ntsp=0

Holy crap. Up From 10 cents to $10 since Jan 31?

Someone at work said I was lookign at this when it was under $1 but I don't remember.

How do you know abouta pump and dump scheme and the numbers involved?

 

[Azurik]

http://www.google.com//finance?chdn...2121&chls=IntervalBasedLine&q=OTC:LEXG&ntsp=0

Holy crap. Up From 10 cents to $10 since Jan 31?

Someone at work said I was lookign at this when it was under $1 but I don't remember.

How do you know abouta pump and dump scheme and the numbers involved?

Most people did not get in under $1, unless you were part of the inner circle. Most traders got in at $1.50 or so, and a lot sold out around $3-4, too soon (in hindsight). No one expected this to go over $5, but it's getting so much momo from shorters that the players behind in are just piling on.

I can't really comment on why I know about this, but I'm not part of their inner circle. Lets just say I have a new found respect for stocks on the OTCBB and pinksheets. There is so much going on the background in setting these things up.

My advice at this point is if you can get shares to short it, then do it once the volume starts to taper off a little. This is going back to $1 or less. You can make money on the back end. Everyone and their mother know this company is not going to start earning any significant revenue

 

[JS80]

Wow that action is straight up from Boiler Room.

 

[IHateMyJob2004]

Azurick,

So, do you just hunt for penny stocks that have alot of shorting assuming a squeeze is going to happen? What is your methodology for stuff like this?

 

[Azurik]

Wow that action is straight up from Boiler Room.

And now the dump

LEXG dumping very quick, players are moving to LTUM for "safety" and AVVC for the base build-up.

 

[Imp]

MSFT reports major big profit increase, stock dumps 4.35% in early trading the morning after. OMFG, Windows sales down slightly - I love the stock market...

Oh well, good time to put more money in.

lol on RIMM. Thought it may have been worth a day or two play. Now avoiding it like the plague.

 

[Demo24]

And now the dump

LEXG dumping very quick, players are moving to LTUM for "safety" and AVVC for the base build-up.

holy hell, lol. I did try to short it this morning but got rejected. Never got to try with my TDA account but probably the same story.

 

[HopJokey]

And now the dump

LEXG dumping very quick, players are moving to LTUM for "safety" and AVVC for the base build-up.

lol, nice call again.

Shorting is pretty scary though as you never know how long the momo train runs for. Margin calls come into play forcing you to exit your short too early.

 

[kooroo]

lol, nice call again.

Shorting is pretty scary though as you never know how long the momo train runs for. Margin calls come into play forcing you to exit your short too early.

Sorry if I don't understand how things work correctly, but can't you limit your potential losses on a short by purchasing call options?

Obviously it doesn't apply to this case, but I mean in a general case.

 

[Demo24]

Lol at LEXG, from 10.5 to 3.5, and now to 6.6 all in 2.5 hrs.

 

[TheNinja]

Ya, I could never get Etrade to allow me to short LEXG. I'm pissed!

 

[HopJokey]

Sorry if I don't understand how things work correctly, but can't you limit your potential losses on a short by purchasing call options?

Obviously it doesn't apply to this case, but I mean in a general case.

Yea in general yes you can limit your losses with a short/call option combo, or simply buying puts.

There are no options market for LEXG.

 

[Azurik]

Different brokerages have different availability of shares to short. E-Trade, Ameritrade and Fidelity usually has a poor amount of shares to short, and if they have them, they get taken pretty quick.

 

[KB]

MSFT reports major big profit increase, stock dumps 4.35% in early trading the morning after. OMFG, Windows sales down slightly - I love the stock market...

Oh well, good time to put more money in.

lol on RIMM. Thought it may have been worth a day or two play. Now avoiding it like the plague.

MSFT's problem is that they don't have an answer to the Apple ipad and their phone isn't gaining enough traction either. Netbook and laptop sales are down which is affecting the number of copies of windows they sell. I think they will fall a bit further. Maybe with a dividend increase they can attract more buyers. I may buy some if they get near $24.

 

[routan]

Different brokerages have different availability of shares to short. E-Trade, Ameritrade and Fidelity usually has a poor amount of shares to short, and if they have them, they get taken pretty quick.

Azurik, is this still a good time to short LEXG?
Also I see you're trading EAHC at profit.ly. At 0.110, are you getting in?

 

[Azurik]

Azurik, is this still a good time to short LEXG?
Also I see you're trading EAHC at profit.ly. At 0.110, are you getting in?

Well, LEXG will eventually go down to $1 or below, but that doesn't mean there won't be another try to push it up a little bit to generate enough volume for the pumpers to dump.

EAHC is not at .11 - the Google finance website is broken since there was a ticker symbol change and Google isn't synced yet. It's around .18 or so right now.

I can't speak for EAHC at the moment, but I don't think it's going back to the .50's to make the profits I did on it. My investment strategy is different with this account anyways. Wanted to see how quickly I can get it to $100k.

I started this experiment depositing $1k in January 2011, I need to take risks in order to bring this account to 25k or so before I can start making real money. Currently, it's around 11k, which isn't too bad. The first couple grand are always the hardest. I'm banking on DNDN's recent run and a positive outlook during their earnings on Monday for the next profit target.

 

[routan]

Well, LEXG will eventually go down to $1 or below, but that doesn't mean there won't be another try to push it up a little bit to generate enough volume for the pumpers to dump.

EAHC is not at .11 - the Google finance website is broken since there was a ticker symbol change and Google isn't synced yet. It's around .18 or so right now.

I can't speak for EAHC at the moment, but I don't think it's going back to the .50's to make the profits I did on it. My investment strategy is different with this account anyways. Wanted to see how quickly I can get it to $100k.

I started this experiment depositing $1k in January 2011, I need to take risks in order to bring this account to 25k or so before I can start making real money. Currently, it's around 11k, which isn't too bad. The first couple grand are always the hardest. I'm banking on DNDN's recent run and a positive outlook during their earnings on Monday for the next profit target.

how do you screen for your tickers? You seem to pick winners regularly. And they're big winners. I wouldnt even have ventured into EAHC.OB.
I dont mind turning 1k -> 11k in a quarter. It took me years to make 19k -> 28k. I'd like to follow your trades. Is there an easier way than Covestor or Profit.ly? Profit.ly doesnt show you having any open trades.

 

[Azurik]

how do you screen for your tickers? You seem to pick winners regularly. And they're big winners. I wouldnt even have ventured into EAHC.OB.
I dont mind turning 1k -> 11k in a quarter. It took me years to make 19k -> 28k. I'd like to follow your trades. Is there an easier way than Covestor or Profit.ly? Profit.ly doesnt show you having any open trades.

I usually write about my long-term holdings on this board. I may mention it on Twitter a little before posting my analysis here, but with those, at least you don't have to time your buys. Buying .50 cents higher or lower on long-term stocks won't make a significant difference unless you're talking about huge capital investments.

For my short-term holdings, I have strategy, but prefer not to spell it out. It took years of accumulating knowledge and following trends - a lot of trial and error and always trying to be "ahead" of the other players. If too many people know, my system will be broken. I have a website and newsletter (paid subscription), but since this is ATOT and we're here to help each other, I won't plug it here (shamelessly anyway)

 

[AgaBoogaBoo]

lol, nice call again.

Shorting is pretty scary though as you never know how long the momo train runs for. Margin calls come into play forcing you to exit your short too early.

I don't like shorts - you're subjected to market risk rather than business risk. You never know when the madness will end either... If management did something to pump up the stock price, all they have to do to take it higher is keep on doing what they're doing, which is why shorting can suck.

In addition, if they make acquisitions with overvalued stock, they can actually raise the intrinsic value of the share and make shorting less appealing. I don't like taking short positions... even with calls, because those are normally too expensive for my tastes.

 

[Azurik]

Bought more RMBS, VHC and DNDN.

VHC playing for the bounce.

DNDN for long-term - company on track to make billions off its drug. Earnings last night met targets.

RMBS for the AT Trial happening in early June, but more importantly, to bank on the CAFC decision... but who knows when that will come out. Will consider puts as time draws closer for protection.

 

[Demo24]

This silver run and drop sure has been fun! Been falling hard today.

 

[TheNinja]

Bought more RMBS, VHC and DNDN.

VHC playing for the bounce.

DNDN for long-term - company on track to make billions off its drug. Earnings last night met targets.

RMBS for the AT Trial happening in early June, but more importantly, to bank on the CAFC decision... but who knows when that will come out. Will consider puts as time draws closer for protection.

You got PM. Or at least I tried to send you one...don't konw if it went through.

 

[dullard]

This silver run and drop sure has been fun! Been falling hard today.

I'm in ZSL (double silver short) until it reaches $40/share (where it was just a few months ago). You are correct. The run up from $13/share to nearly $18/share has been fun. It is nice to see your account balance go up nearly 40% in a couple of days.