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Nice trade.  Congrats.  When they

ZYNE Updated View

Posted by RichieD on 4th of Apr 2019 at 06:53 am

Nice trade.  Congrats.  When they move that fast, you can almost never get out at the top.

VBIO: two questions.   1. How

VBIO insider

Posted by RichieD on 3rd of Apr 2019 at 07:10 am

VBIO: two questions.  

1. How do you consider buying a stock like this with daily volume of 20K-30K?

2. How does anyone buy $2M worth of stock when volume that day looks like it was less than 100,000 shares? Exercising options?  Direct purchase from the company?

Just sold out of PRED

Posted by RichieD on 22nd of Mar 2019 at 01:36 pm

Just sold out of PRED at $2.20 for a 98% gain.  Thank you Steve.  Has a parabolic look on the daily chart and approaching major resistance from last September.  Hard to manage this stock as a trade since Fidelity won't allow stop loss or trailing stops on pink sheet equities.  Might re-enter down the road after a reasonable pullback.  LOL: Probably will rocket higher later today.     

Is there ever a time

YEXT stock offering

Posted by RichieD on 19th of Mar 2019 at 09:20 am

Is there ever a time a company does an offering where it doesn't feel like they're throwing shareholders under the bus?   Adding insult to injury, more often than not the offering is at below market prices.

Trading action in PRED confuses

Posted by RichieD on 5th of Mar 2019 at 02:52 pm

Trading action in PRED confuses me.  Six times since late November it has presented a huge white candlestick, which is always followed by a near 100% retracement over the next 5-15 trading days.  Why can't stocks like these find any sort of sustained move up?  

https://stockcharts.com/h-sc/ui?s=pred

Today...or generally speaking?  Can you elaborate?

Why?  Honest question.   Asking because

STNE

Posted by RichieD on 26th of Feb 2019 at 07:13 am

Why?  Honest question.  

Asking because I often do the same and for me at least, it's part psychological and tied to my confidence leveland what else is happening on the day.  If I'm in a confident mood, I usually make the trade.  If not, I wait and wait, then find myself missing on opportunities.  Suspect it happens to many of us, and not due to a technical read of the chart, either.  Those who can remain objective, almost (but not entirely) mechanical in their trading probably fare better.  But we are human...

MTEM: Any way to prevent

Posted by RichieD on 5th of Feb 2019 at 06:21 am

MTEM: Any way to prevent this in future?

Bought at $4.20 late January.  Stock was trending up nicely the past few days.  Had my stop loss in place at $4.51.  Closed Friday at $4.85.  Opening print (1st minute) Monday was $4.83 on 500 shares traded.  Next print (2nd minute) was down $0.52 at $4.31 on 11,000 shares traded and I was taken out of my position (1,000 shares) at that price.  Then price immediately reversed.  Next trade (3rd minute) was up $0.37 to $4.68 on only 300 shares traded, followed by $4.85 on another 300 shares traded.  Stock closed the day at $4.99 on total volume of 54,500 shares.

Feel like I was robbed.  Was this manipulation by the market maker (to take out stops) or was I just unlucky due to one large seller?  More importantly, did I do anything wrong and what step(s) can I take to avoid a similar fate going forward?

Here's the daily chart: https://stockcharts.com/h-sc/ui?s=mtem

Definitely moves to the beat of a different drum.

Three points, Nayan:

1. Matt and Steve run an outstanding website.  Both had been cautious of late...especially going into last week.  Not sure how you missed that.

2.  Although I don't play them, BPT's SPY Systems and sub-Sytems have excellent longterm track records.  However, no system (or individual) will be right 100% of the time.

3. It's extremely hard to predict those 1-2 day downdrafts; no one can to any degree of consistency.  If you've followed even a sampling of suggestions put forth by BPT over time and traded with discipline, you should be well ahead of the game.  If not, look inwards and improve your trading .

WEYL - Any update on

Posted by RichieD on 12th of Oct 2018 at 10:39 am

WEYL - Any update on the potential short squeeze expected today, or did I misunderstand the article posted earlier this week? 

Read this article twice.  Think

WEYL UP 10% TODAY..

Posted by RichieD on 9th of Oct 2018 at 05:10 pm

Read this article twice.  Think I got the gist of it, but some details are beyond me.  This is potentially great news for those who own the stock, right?    Can something happen to prevent the projected short squeeze?

Now the tricky part -

TRTC follow up

Posted by RichieD on 21st of Sep 2018 at 07:10 am

Now the tricky part - where to place a stop.  Suggestions?  Halfway point of yesterday's candle?  Will watch the newsletter for any clues.  Bought yesterday @ $1.68.  Was going nowhere until late in the day.  Didn't see the move until 5 minutes before the close.  Sell half, let half run?  Sell at open if it jumps higher?  Many of the insider plays have turned out to be excellent swing trades; thank you Steve and Matt.

Matt,  The note on the FLMN

Some other insider plays

Posted by RichieD on 29th of Aug 2018 at 02:47 pm

Matt, 

The note on the FLMN chart says insider bought 750,000 shares at $10/share on 8/23/18.  A quick look at the chart shows the last time price was anywhere close to $10.00 was back in May.  I'm confused.  After the close of trading today, could you address this?

Bought the breakout at $10.57;

VKTX nice pop

Posted by RichieD on 23rd of Aug 2018 at 04:15 pm

Bought the breakout at $10.57;  watched it gently rise to $11.40 , gave it some room with a stop at $11.15.  At work all day; never saw the parabolic move to $11.80.  Caught in the late morning downdraft and was taken out at my stop.  Made money but felt like I left too much on the table.  Without watching every tick, was there a better way to maneuver my stops?  Often when I use a trailing stop I find I'm taken out too soon.  That would've worked better in today's scenario. 

PRED late day move. Chart

Posted by RichieD on 23rd of Aug 2018 at 04:04 pm

PRED late day move. Chart link

Does the same fate await

GDX

Posted by RichieD on 7th of Aug 2018 at 08:58 pm

Does the same fate await the Appleonians, Amazonians and Googlites one day in the future?  After all, they suffer from a similar dogmatic loyalty, only on steroids...believing these companies can never do wrong...ever?  That day of reckoning, if it ever comes, will make the gold bugs decline pale by comparison.

GDEN  Anyone have any information

Posted by RichieD on 1st of Aug 2018 at 07:20 pm

GDEN  Anyone have any information as to why Golden Entertainment has dipped 13.5% since announcing the purchase of two casino properties in Laughlin two weeks ago?

Well stated by both you

IQ 

Posted by RichieD on 1st of Aug 2018 at 04:39 pm

Well stated by both you and Matt.  I too have a quick trigger finger on the sell button  these days and keep my position size modest.  Got in on/out of IQ today with a $0.75 per share gain.  Was hoping this would be one of those $2.00-$3.00 up days when it broke resistance this morning, but it was obvious early on it was not meant to be. Will take what they give.

Gave it all back and

IQ 

Posted by RichieD on 1st of Aug 2018 at 12:38 pm

Gave it all back and then some intraday like so many others of late. 

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