acestocksplayer
Since I am struggling with preserving the content of the original Talking Stocks Forum, I am attempting to at least save a small handful of posts from the original forum....like these here. These are the very first posts that appeared on the Penny Stocks Board. The Penny Stocks Board was born on August 19, 2010....some of these members are still with us today, but others have gone away....

PENNY STOCKS [icon_pulldown] : Welcome to the Penny Stocks Board! (Locked Discussion)

 
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AceStockPlayer said: 
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Joined: Aug 16, 2010
Posts: 12325
August 19, 2010 11:39 AM 
This category is generally reserved for discussions about Penny Stocks. Stocks priced under $1.00 would fit this category, although stocks up to $5.00 can also qualify if the issue is thinly traded or trades on a smaller exchange.


This site and its message board reflects opinions of individuals only, and should not be understood to offer advice on investing or trading. Investing in stocks, bonds, options, futures or other uninsured investments can lead to substantial financial losses. Always consult a Registered Investment Advisor/Broker. Visit my blog at http://www.Blog.AceStockTrader.com .

 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 19, 2010 1:03 PM

I have been trading and building positions in a few penny stocks. I already own ARYX and have a cost basis of around .50 after 2 trades that netted 30% each. Yes...I entered too early initially :-) I do like it as an add to or new buy right here at .41. I actually made a new buy at .43. I also own GNVC and I am up nicely on that position after trades. I am trying to get a fill today at .50 to add back a sold position. My cost basis on GNVC is well below the .43 low because of trades. I like ARYX and GNVC as long term holds. I am also trying to buy some ESLR today with an open limit at .60. Of a more speculative nature I like TRMA but I want to see it trade below .30 without getting too far below .30. Once back above I will let it trade away from .30 and open a limit buy at .30. I believe it has a potential upside move of 50%+ from that point.
 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 20, 2010 10:25 AM
My GNVC buy order at .50 was filled yesterday. Let's see if they gimme ESLR at .60 today. The TRMA trade I outlined is off the table as it broke below .30 on the open and then back above but the bid never cleared .30 before it fell to the .2527 low....which is the low so far. It needs to get taken out just like .30 did. I'll use the same concept at the lower low. Wait for the break below with no signal that lower lows are due...then buy the pullback after the break above that low.
 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 20, 2010 11:29 AM
Mission accomplished on TRMA as I picked up a position at .2531 ...market yet! As they held the bid/axed in after the .2527 low got confirmed with a move to .25. I made a smaller bet than usual since this play is more speculative to me and I have no idea where any of the major resistance areas are as I do with every other stock I play. I am "hoping" for a move to at least the .60's. Of course "hope" springs eternal :-)
 
AceStockPlayer said: 
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Joined: Aug 16, 2010
Posts: 12325
August 21, 2010 3:25 PM
Chameleon, when you get a chance, look at two of my favorite pennies...LYSCF and GWMGF....these two pennies are <well-capitalized< u="">and in a growth industry! Many CS board members are already familiar with it, but not sure that you are?

BTW, I told Lil Shark that there is Penny Stock board over here...he is a former CS member who got banned for posting a link to something...I asked him to come over here and discuss his favorite penny plays....maybe he shows up soon?

Regards, ACE

This site and its message board reflects opinions of individuals only, and should not be understood to offer advice on investing or trading. Investing in stocks, bonds, options, futures or other uninsured investments can lead to substantial financial losses. Always consult a Registered Investment Advisor/Broker. Visit my blog at http://www.Blog.AceStockTrader.com .

 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 21, 2010 5:32 PM
Okay, first LYSCF...on the 10 day chart the high that was set on Wed above .95 was done so on a lower RSI reading. That high "should" get taken out at some time in the future tho. However, on the same 10 day chart I see nonconfirmed lows all the way down to the 8/12 low below .75. I believe LYSCF will trade to .80 minimum this coming week....perhaps lower. GWMGF is basically the same thing. The only time RSI hit 80 in the past 10 days was on 8/10 at a price of .23. The highs since then were done on lower RSI readings which is one of the indicators that can be used to help determine potential failure. GWMGF is now at the price point where that RSI 80 reading came in >>> .23 That number needs to hold or it will more than likely trade below .20.
 
koog said: 
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Joined: Aug 18, 2010
Posts: 2951
August 21, 2010 6:02 PM
Ace, was wondering if you were still holding any MDW? This gold miner stock has had a good week. I still hold a core account and was wondering if it may be time to add more after looking at the charts. But, Gold may have topped, and with the talking heads saying its time to buy, well you know
 
AceStockPlayer said: 
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Joined: Aug 16, 2010
Posts: 12325
August 22, 2010 1:34 AM
Chameleon, its late, so I will be brief.

LYSCF is not your typical penny stock..very well capitalized and with big name investors. The market cap is around $850 milllion the last I checked.

The parent company trades in Australia and has averaged 35-40 million shares a day there, so if the stock is finally gaining attention over there, then the NAV has to run higher which pulls up the price here.

On the chart, I look to the strong trend in ADX and MACD, and when trend is strong, I don't give RSI as much attention....that seems to be the case now. IMHO!

GWMGF is a little weaker....granted, both stocks could pull back... I took most profits on LYSCF at about 78 cents a couple weeks ago, and have regretted it since. But I also fear that LYSCF could take quite a tumble because it showed signs of an exhaustion gap... but just in case, I added a small position last Thrusday.

Ace

 

AceStockPlayer said: 
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Joined: Aug 16, 2010
Posts: 12325
August 22, 2010 1:42 AM
KOOG: No, I sold MDW some weeks ago and have not bought it back...was a little frustrated with its lack of movement, but I must admit the chart finally appears to have bottomed....what's troubling to me is the rapid descent of CMF and the A-D line. A falling CMF usually appears to signal a turn within in a bout 1 to 4 weeks. ..I like MDW, but up until lately, the stock market cared little about it.

Perhaps it finally wakes up here?

 

littleshark said: 
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Joined: Aug 22, 2010
Posts: 30787
August 22, 2010 3:04 PM
little shark ... test post
 
littleshark said: 
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Joined: Aug 22, 2010
Posts: 30787
August 22, 2010 3:07 PM
test worked ... ace like your site ... read all the help to learn how to navigate it ... pretty simple to use ... ran through some of the boards and discussions ... thanks for taking the time to set it up !!!
 
littleshark said: 
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Joined: Aug 22, 2010
Posts: 30787
August 22, 2010 3:40 PM
ACE ... I like the penny and subpenny stocks on pinks where you more experienced traders fear to tread usually ... and rightly so ... TREND IN PINKSHEET STOCKS has been decidedly down along with regular markets since late April ... before that one would see 2,3 sometimes 4 stocks a day jumping 500% to 1200% a day on the pinks but now hardly ever one jumps even 200% ... BIG CHANGE and shows they are out of favor and threrfore much riskier to play right now IMO. 
I am currently working 10 - 12 hour days trying to finish some carpentry jobs before freeze-up here in the north country ... so won't be around during the day usually till after sun sets ... not trading for now much ...
 
littleshark said: 
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Joined: Aug 22, 2010
Posts: 30787
August 22, 2010 4:11 PM
how to spot pinks ... 15 minute delayed ... as they happen ...

go to OTCmarkets.com ... on main page click "more" at far right under current market activity ... on next page that loads click "pinksheets" then click "trades" under most active, then scroll down and click more ...

shows you all pinks (including lyscf, gwmgf,etc) starting with the days volume leaders and also shows % +/_ , day share volume, day $ amount traded, # of trades so far ... 

PINKS are super risky!!!! Be careful and keep positions sized to what you can afford to lose!
 
spinout1970 said: 
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Joined: Aug 18, 2010
Posts: 2
August 23, 2010 10:58 AM
LTUM- I like this one. Beaten down recently, but lithium is in short supply. Worth a crack at 35 cents.
 
cuemaster said: 
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Joined: Aug 19, 2010
Posts: 73
August 23, 2010 2:21 PM
lngt - laser dazer from laser entergetics.
 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 25, 2010 11:51 AM
They held the bid/axed in tight today at .251/252 so I used that opp to add more TRMA today. Still watching ESLR closely and I have lowerd my buy target to .59 altho I have not opened a limit buy in it yet.
 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 26, 2010 8:31 AM
BK filing on TRaMA so I am sitting on an open limit at .25 to try and get out whole.
 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 27, 2010 7:26 AM
Very interesting action in TRMA yesterday. One woulda thunk it would trade to like .10 or less on the open. Instead it opened higher than where it was trading in PM trades. Missed my .25 limit by .01. Now it is actually setup to confirm the .18 opening low and leave no signal that it is going lower. For now I will sit on a limit at .25 unless the .18 low gets taken out and it shows no sign that it is going lower. I would pull my sell limit at .25 if that happens. Good thing I don't use stops! :-)
 
inquire said: 
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Joined: Aug 18, 2010
Posts: 345
August 27, 2010 1:47 PM
A Thank you goes out to Ace for putting LYSCF on my radar. I got interested in it when it was in the 90 cent range and was ready to buy. 

Another thanks to chameleon for his input--I waited and got it @ .78. So thanks to both of you---inquire

Go Cards

inquire55

 
TheChameleon said: 
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Joined: Aug 19, 2010
Posts: 220
August 27, 2010 4:31 PM
You are more than welcome, Inquire. Keep in mind that I am strictly someone who trades by what the charts say. So many times I will have a contrary opinion on things. I certainly don't want to come across as somebody who is targeting anyone just becuz I personally don't like the technicals on a particular ticker. Right now LYSCF made a "probable" fatal error by rallying before it took out the .76 low. I said that area would "possibly" get hit before the week began. It actually occured, and a very strong signal was generated. I would be a seller of LYSCF on ANY further strength and if it happend to take out .96 before it failed (which I do not think it will do) it would be a long term top. I believe there is a move into the .40's coming for LYSCF. Good luck to you!
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Enjoy the forum! Thanks, Mike
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