First of all, I racked in a solid 12% MTD May gain so far. You should be around there, unless you went short. Don’t forget this quote from Keynes: “The market can stay irrational longer than you can stay solvent. My only two critera to short is either on a huge exhaustion gap up via a black filled bearish gap up -or- a major breakdown greater than -3%, intraday or pre-market. Both must be executed on massive volume. Keep that in mind.
Second, I totally expect a pullback, most likely a doji day. This is necessary after a major move. I want to push these $1-3 stocks to the limit, therefore I will not be selling (as of now). If you don’t like pullbacks, then you better mentally prepare for one. I recommend that you go out and watch Wolverine sometime during the day. I heard it’s a great movie. The important thing is to not get freaked out and ask me all sorts of questions that will waste my time. Stick to your plan and let the charts make the decisions for you.
Congratulations to everyone that scored huge today. And also congrats to my special group of peons who followed me into PQ, XTXI, and XTEX for the day. If you noticed, these stocks (along with CPE and WRES – swing trades) do not move in tandem. They move in a particular sequence. PQ moves first, then XTXI, then XTEX, then CPE and WRES. Likewise, PQ was the first to pullback, and those stocks listed above pulled back exactly in the same order. This anomaly started on Friday and I caught it during the last half hour that day. Don’t believe me? Ask RC. He was trading with me live Friday and today. These inefficiencies are rare, but the profits are totally sick and very easy to obtain, as you can see.
Don’t forget – expect a pullback. If any of my stocks actually gap up and spike, I will sell them. This dollar stock circus cannot last forever.
Fuck off you little cunt.
You definitely must have been short. So sorry for your losses.
Just want to thank and congratulate you. Thanks, because your writings (not just your stock picks) have helped me immensely over the last several months. I’ve sometimes rode along, and sometimes applied what you’ve schooled me on along with others I follow. Today was far beyond dramatic for anyone following your action. Congrats, because although I admit to suspecting bullshit when I first started reading your posts – it didn’t take long for me to realize you’ve been preparing for this market for many years – and will almost certainly be richly rewarded and make a life’s fortune during this run. You must be having one hell of a time.
We shall always trade the opposite direction of JOSH!
Thanks Bill. Hope you made some cash.
Dillweed: Do not diss on the Chart Addict. Not only does his IQ outweigh yours, but his chart mastery is what has made him his 12% MTD.
CA: Scoring on the pennies like I was last week. Considering a couple of others, ARM being one of them… Come on earnings…
I like ARM. It’s been on my list, but I actually crossed it out. Thanks for the reminder.
AH price fluctuation has it past the BTFO resistance level. Might as well catch the little guy @ the open.
Moose, ARM is good. It’s on my priority list.
CA – ARM reports tonight. Does that affect your possible purchase?
I’m taking it today, just gotta find the timing. Playing this earnings bid.
CA – what do you think of FNM or FRE ?
someone logged in as me to say “We shall always trade the opposite direction of JOSH!” – I don’t know or follow Josh, but sounds like he’s betting against CA? That would have been tragic for at least the last 6 months or so since I’ve been reading his stuff.
CA, I’m pretty close to whole after having my IRA cut by more than half, and there’s no way that was going to happen without reading your commentary and applying what I learned. Yesterday was a joyride having gotten in Friday on a number of huge winners. I cashed out of those at the close and hugged my wife. Without getting all mushy, repairing the damage to my IRA was “helpful” – thanks again
CA,
what do you think of OCNF…it BO yesterday
Ya, I’d like to toss my thanks into the ring here too, I played XTXI, PQ, COIN, ISO, SGY and more and although I left plenty of money on the table and learned a lesson in letting your winners run I still banked a nice amount of cash in the last week all thanks to CA and RC. Keep it up! Please!!!
i too still need to learn proper exits as I left a good deal of money out in the ether. However I did add about 10% in the last 3 trading days all thanks to CA and RC. I thank you both for your guidance….
you two fuckers are sick!
Hey CA:
Thanks for the awesome penny picks ! Nice % returns !
Smoking HOT ! Smoke Dem !
Sold THC $2.65, half WRES $2.60 (other half will be sold today), and IO $3.15.
ALOT of bearish gap ups today. careful. LOCK IN PROFITS.
CA rocks….major plays over the past few days..and I was a little late to the party. Great JOB…today I was able to make a quick 20% on a 15min in and out on xtxi…thats crazy!!! keep up the good work.
Thank you for the lovely picks;
You didn’t have to do it.
You have a good and gracious heart,
But then, I always knew it.
I love these, and I think of you
With fondness and with pleasure;
The picks are great, but even more,
It’s your thoughtfulness I treasure.
Shame ON YOU! ALL YOUR PICKS ONLY GAVE US 20 – 150% RETURNS in one day or two weeks holding period. WHERE IS MY 200% RETURN??
CELEBRATING with MY CHIHUAHUA Dance
http://www.youtube.com/watch?v=zWOcDIxSCyA&feature=haxa_popt00us03
SumDumGuy(The Asshole with Big EGO)
Lock in profits is very very true. Steel industry getting slapped with low volume price declines (dip opportunities are on their way). Caught ARM @ $1.56; a little high, but I can deal with that: I have a feeling their operating income from this quarter will be much better than last quarter. Yes, it’s an auto parts manufacturer, but for the big rigs. I suspect increased revenue for trucking companies on a national scale going from Q4 to Q1 and especially with as cheap as diesel fuel is.
Gonna be interesting.
FNM, FRE – They are forming the 3rd point in the descending triangle, let it cook. I like to keep stocks $1+. I don’t want to be peddling pennies.
OCNF, along with most of the cheap stocks, are in short-term topping patterns via bearish gap up.
ARM B/O IMMINENT
CA, can you comment on TSYS. Seems to have consolidated well.
Cheers!
Also, nice call on CAR. I am banking coin.
CA…B/O, is that buy out? Why do you say that?
DAN or CNO may be worth a look.
thx homo bob. I don’t like TSYS.
Bought CNO $1.759 (HAT TIP TO JUICE)
Last purchase of the day. No more for me.
CA: Would you add to CPE on this pullback?
CashNGuns: Own DAN here, big auto parts already reorganized and BTFO here … ever here of a Dana rear end?
I’m holding existing only. No add-ons to CPE.
Cash level raised to 30%.
Keep an eye on AHD.
I APPROVE.
Juice, you’re finding some really, really, really GREAT stuff.
Bought $1.73. Couldn’t help it.
Glad I could toss you a couple bones .. you help everyone around here.
damn COIN! I tried buying it after your friday entry but forgot about it after yesterday… when it pulled back earlier today I thought it was a dudd… man CA, you got the midas touch…(as do the rest of ibankcoin) any other breakout candidates?
AHD!!! wtf?? any target to this animal?
Hey CA..
Can you comment on NXG? You think it’s worth having a look before earnings?
Keep up the great work
juice: was it strictly technicals that tipped you off to ahd? or was there some news you heard? why are you so dope?
CA, Juice,
What a call on AHD, followed you guys in, THANK YOU!!!
What is your target price of getting out?
technicals .. accidentally came across it last night
no target .. but it has a habit of quick 2-3 day spikes, so I wouldn’t be long there
CAR busted today
nice find… I gotta stop being so f’n lazy but you fookers make it to easy on this site. you’re all so fookin’ good!
Huge shout out to Juice and CA – thanks!!
Juice: You get any DAN …. $1.55 AH (up 76%)
Well, I’m up approximately +22% MTD May. I have exceeded any and all expectations of my very own.
This market is ridiculous. It’s handing out free money to everyone who can find the treasure on the map…even on a DOWN DAY. lol
CA…where have you been all my life?
does anyone have a target for COIN?
Higher …..
CA
NXG, hold before earnings? Thanks