StoseyF

@Kev2128 hey kev .. just noticing that you don't really go for many penny stocks .. just wondering what kind of technical analysis your learning/use? Any books you read or something along those lines?? thanks brotha

Raylbc27
1
Raylbc27 Jul 01, 14 1:37 AM

Hey sorry for taking awhile to respond back! I will start trading penny stocks again as soon as i get done creating my pennystock scanner.. Trading in the Zone book by Mark Douglas is good

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StoseyF

Hey y'all. Just a face in the crowd here trying to be the face in the crowd. Dreams of leaving the cubicle and becoming a day trader. Check out my blog at www.StoseyFtrades.blogspot.com. Leave me advice, questions, comments, hate, and love. One love y'all, and best trading.

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Zenyatta

@StoseyF Hey Stosey this one looks like a Chapter 2 pick. MI reversal bulge x over yesterday from above 27 to below 26.5, MFI break downtrend. Earnings is up and this looks like a loser-stocks have gotten slaughtered, but on watchlist.

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StoseyF
StoseyF May 06, 14 11:33 PM

oh yeah thats nice .. only thing is it wasn't quite consolidating for 15 days imo, but everything else looks beautiful with an entry around that 4.20 area .. nice!

Zenyatta
Zenyatta May 07, 14 8:15 PM

yeah you are right about the 15day channel I might try to catch this on a dip if earnings are bad.

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StoseyF

@Entrada hey I'm having trouble getting the chart I want on here, but check out IMPV .. it looks like it is about to pass the falling knife test, CCI ADX PPO.. ADX AND PPO look beautiful coming together and the CCI looks like it is about to form a much shallower valley whenever this next low support price level consolidates and shows itself a bit better .. tell me what u think

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StoseyF

@Entrada sweet .. good call with the MFI breaking trend, MI didn't cross 27 though and make the bulge before cracking through 26.5, still up about $1.30 since you saw it though .. do you pay much attention to the parameters you can set for the indicators (the number's in parentheses after MFI and MI) ??

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Zenyatta

@StoseyF Hey i think I found one out of Explosive Stocks Chapter 2. Check out the MFI breaking trend as well as MI xing under 26.5. Thinking about a small position or maybe a call; still overall market conditions may be rough (sell in May and go away). Anyway thought you might be interested...

Bo_Donkey
Bo_Donkey Apr 30, 14 6:57 AM

Thanks! I'd like to see the MFI starting to turn up though.

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StoseyF

@ajsanders1157 hey .. i noticed a few of your trades which were holding sub-pennies for a few days or even a week or longer .. just wondering how you feel comfortable doing this and what you like to look for .. it looks like it's been working pretty good for you, congrats

ajsanders1157
1
ajsanders1157 Apr 16, 14 8:51 AM

I look at the fundamentals if I plan on supporting a sub-penny. I usually tend to stick to the tech industry, as I feel confident picking out good business models. Remember with sub pennies it is a lotto play. The fact that it has been working for me, is just some good luck coming my way. I never invest more money than I am willing to lose on these types of trades.

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StoseyF

@Rig24 I'm from north providence .. glad to see others from ri holding it down .. congrats brotha keep chugging .. i been studying for a couple months, giving it one more then going in with 4g

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