Stock Picks

[naterizzle]

Put this in gambling, because let's be honest, that's what it is. Mods: Feel free to move to General Discussion.

Does anybody do any trading these days? I know our economy is in the toilet, but things still seem to be hit or miss with stocks, etc. I dabble within my portfolio and have had decent "luck." Made some money on TSLA (bought IPO, sold a couple months ago) and NADVF (bought on a friend's tip, sold recently +79%). Currently getting killed on ZQK and DRYS (luckily didn't buy very much of either). And penny stock AMWI is killing it (+37% in 3 days) - going to sell that one if it hits $3.00.

How's everybody else doing in their government sanctioned and supported gambling endeavors??

[IRockNvegas]

I do. Are you day trading or just moving your money around?
And great point about the markets being government sanctioned casinos

[Ritz9876]

SLW is the only thing I trust with a lot of money and long position. Contracts to buy silver as a by-product from other producing mines for fixed pices, some as low as $5 an ounce. Fixed overhead costs since they don't acutally operate mines. Silver price showing a huge flag formation with breakout coming in the near future. That and I get pleasure feeling like I am betting against the FED.

[IRockNvegas]

I just took a look at the 1 yr slw chart and it's looking like lower lows as well as lower highs. which is bearish. Short term going back to approx November 12 to current looks like its in a bear flag formation and should be testing 30 in the near future. I'm no pro, something to watch I guess. Gold and oil are looking toppy and those are 2 leading commodities. If they go down silver will go down as well. no pro just my opinion if your investment is working stick with it .

[IRockNvegas]

Silver down 3% today , it will take another 6% or so to test 30

[naterizzle]

AMWI is still on fire. Some people are speculating that it will continue towards $12/share. I'm going to see what happens and sell at $10 hopefully. If growth slows down, I'll jump out earlier of course.

I am not a day trader, just moving money within my investment accounts. Trying to learn what I can about the finance world in the process.....

[IRockNvegas]

Learn the charts , insiders leave foot prints that all get exposed in charts.

[IRockNvegas]

Amwi.ob ? Trading at 1.40? You referring to that?

[naterizzle]

Amwi.ob ? Trading at 1.40? You referring to that?

Yeah, hope you didn't buy. It was exposed as a Pump and Dump scheme and the stock nose-dived. Now trading below $0.50. I dumped everything on the way down and broke even. Fucking gambling.....

[IRockNvegas]

Wow I didn't have time to even look at it and i actually never buy otc.bb stocks those are strictly for big money to minipulate. Besides i checked the headlines and nothing was aanounced and rumors are usually bs. For futire try to use a stop to protect profits. The stop will trigget when it hits your biy or sell point. I was going to mention the volume was going to start raising questions it was trading 27 million shares and it's a penny stock. only 27 mill to pump and when enough retail orders have been filled the big boys will short it till its dead making all that money. 27 million to a large headge fund is literally like a penny on the street, it's nothing.

[IRockNvegas]

Ok also look at this.... Pull up the 1 day chart on it, you will see its intraday top was made around 1ish est time, it then made a "double top" a hour later. a double top is usually sold because a high level of resistance has at that price ha already been established that day. Meaning for it to actually penetrate that resistance line would take a large amount of buying interest. Also look at the volume sticks at that time. a ton of volume right at that double top. hedge funds or the market maker was selling it as well as shorting it at that time.....

[naterizzle]

Ok also look at this.... Pull up the 1 day chart on it, you will see its intraday top was made around 1ish est time, it then made a "double top" a hour later. a double top is usually sold because a high level of resistance has at that price ha already been established that day. Meaning for it to actually penetrate that resistance line would take a large amount of buying interest. Also look at the volume sticks at that time. a ton of volume right at that double top. hedge funds or the market maker was selling it as well as shorting it at that time.....

Yeah, I know, totally crazy. Even looking at the 5 day is nuts, you can still see how hard it smashed down. Oh well :/

[WiscoBrad]

I just dabble now. Last big win was RHAT when it IPOed. Last big loss was CSCO a month before 9/11. Still sitting on the Cisco stuff. Hoping that it comes back one of these decades. =(

[Ritz9876]

Silver down 3% today , it will take another 6% or so to test 30

Fundamentals over charts. 3% is nothing in the Silver game. 6% is nothing. Quantity of silver in the world is far less than almost all other precious metals. Silver was worth $4.82 an ounce in 1982 and 30 months later it was worth $48. Now, it is worth less than it was back in the mid 80's. Tell me what other commodities are worth less than they were 25-30 years ago. Anytime SLW goes below 30 I buy with any available cash I have. All the big houses have SLW as a buy with experts targeting the peak at $100. SLW is no secret these days. For your big risk big reward stock check out RVM (which is 13% owned by SLW). Bought back when it was called RVMIF at .45 a share before they did a 5 to 1 reverse split. I never give advice on what other people should buy though, just know silver has huge swings and you have to be able to put your head down and not look at charts everyday.

[IRockNvegas]

Silver was manipulated, careful with thinking fundamentals are more Important then charts. Fundamentals leave alot of investors asking why? Why did the stock drop when they reported strong earnings? Manipulation. This is the main reason silver went on its recent run to the mid 40's before pulling back 25%.

http://www.marketwatch.com/Community...horts-subtitle


Oh and the mid 40's was a double top, nah just coincidence cause charts don't matter right?

Here is a chart taking you back to the last high in the 1980's. Look at the black line, look at its high in 1985, now look at its recent high. just a double top.

http://en.m.wikipedia.org/wiki/File:...ice_in_USD.png

Total coincidence right? Charts don't matter , lol