when are you going to have live chat?

cool..

Anyone have any thoughts on QD?

ALL check out FRPT!!!! Put it on the HOLY CRAP THIS MIGHT DO SOMETHING LIST.....

Ill just post all the stocks i find that could be potential shorts. Just check em out: GGR, TGC, IVAN, VHC, IDEV....and many more i just dont feel like posting them all.

OK OK OK, I'm spamming i know! But hey this is good spam....check out STSA also. XRIT would of been good if you caught it b4 the close.

Hey, Smoke, I'm not sure about FRPT. Looks like there's a lot of resistance...look at the chart since January. $5 is a pretty significant resistance point. The volume doesn't really stand out from the rest of the chart either.

There are other plays that look stronger. NNVC had a strong move today on great volume. Closed right at $1.50 resistance, has room to move to $2 if it breaks that tomorrow. $1.50 is also its highest close in over a year. Combined with HIV drug news (check the chart in May and see how it nearly doubled off similar news), this is set up for strong momentum.

I got in at $1.39 but it will still be a good buy on the $1.50 breakout.

YngvaiMalmsteve SMOKE, Please guys HELP ME OUT what do you guys think about QD?

GO WOODS!

Nice Yngvai.. have to watch that tomorrow and see what happen

gburl, QD is a reverse stock split. That's why the price jumped up.

Just did a 1:5 split today of course its going to go up. Drive in greedy people like myself trying to make a quick buck and dont care what price they buy in at. Personally i wouldnt mess with it. But everyone makes mistakes...

Hey, TomT, I tried to get in at $1.35 at the open but stupid OTCBB stock orders take forever....price went to $1.39 and I had to change my order

Yngvai - shoulda post it up in at the GOS.. others could have gotten in on it too.. saw your post.. but it was AH lol

gburleson1....QD is gonna drop like a bomb drops on the meHADS over sees. Watch this stock but I'm still sketchy?? Ya Ya they are wanting to join NASDAQ!?! Well I'm wanting to join jessica alba in her new house. But hey u dont ALWAYS get wat u want.

CKNN. Its a crap stock but some news today. Anyone think it will have an increse tomorrow? Lookin for some quick money...takin the lady out on a date LOL

I did mention it on GOS this morning. Right after the open, I said to watch NNVC, it has major drug news and likes to run off that news. I forgot to mention that I bought it, I got busy trying to redo my order because the stupid OTCBB order wasn't going through.

Also, it should still be a good buy tomorrow if it breaks $1.50, so it's probably not too late to get in on this play.

Sorry I didn't mention it. I was a bit scatterbrained this morning, trying to watch NNVC, QBIK, and then getting ready for work at the same time.

Yngvai, So buy into NNVC tomorrow and i should make some profit?

There's a good probability of profit with NNVC, because if it breaks $1.50, it's a confirmed breakout. Based on the 52-week chart, there's no nearby resistance. $2 is probable psychological resistance, so above $1.90 is going to be my target exit. This may be a multi-day hold for me. In May, NNVC went from $0.70 to $1.40 in 5 days.

Alright i will buy in tomr at 1.50 or less. I'm only gonna drop 600$ tho. But ill take ur advice.

Smoke, NNVC is a breakout if it goes *above* 1.50. $1.50 is the resistance point...look at the high of the chart on May 12th. It touched $1.50 then came back down. There's a good chance that it will break $1.50 tomorrow, based on the volume, news, and chart pattern, but there are certainly no guarantees, and I'm no expert...my losses last month prove that LOL. But I've been doing better lately...up almost 8% since June 10th.

If NNVC hits $1.51 or more, then the breakout is confirmed and it's a buy. But if I were you, I'd wait for the confirmed breakout, because there's always the chance NNVC might just sell off tomorrow morning, and if you get in at, say, $1.49, and it sells to $1.40, you've lost money. For me, I'm not worried about that since I was in at $1.39 so there's little risk of me losing anything tomorrow.

Yeah true. So if i see the stock go up to 1.51 buy like crazy?

I'm a newbie trader, not an expert, so buy at your own risk, but yes, in my opinion NNVC is a good buy if it hits $1.51. It would be a classic breakout that Tim and others talk about.

It might even be a good buy lower than that (like if it pulls back a bit tomorrow before accelerating again...it's done that sometimesin the past)...looks like momentum is on its side, but the confirmed breakout would be a higher probability trade than just buying it at any price.

I got a few sites i go to for info on stocks that might be sky rocketing soon but where do you go Yngvai?

I've had NNVC on my radar for a while. I don't quite remember how I found it...probably on Yahoo % gainers back in May. Or maybe because Timmay mentioned it as a potential short back then. I noticed how far it went off of HIV news, so I figured I'd just keep watching it and wait for more similar news, and I'd buy it if the chart looked good.

If you want to find stocks where the momentum is just starting, go to Mike13th's Green on the Screen chatroom before the market opens. He always mentions the early morning prehits. Some of those end up being big day runners.

I have some stock scans set up in Stockfetcher to help me find breakouts as well. I'll run these in the last hour of trading. Investorslive will also have stock scans where you can watch for breakouts. Timmay will also mention potential breakouts on this site.

Finally, always watch for Superman's posts in the morning on The Lion. He's got a big following, and usually if he buys, a lot of people do as well, and if it's a low-floater, it gets a nice run-up.

I'm still relatively new to this site. So were do i go for Mike13th's green? and for superman's posts?

Go to thelion.com for Superman's posts. Usually what I do is that I just find his username, and if you click it it will show his most recent posts. I keep refreshing it in the morning to catch any buys that he may be doing.

greenonthescreen.blogspot.com is where you can find Mike's chat room. Keep in mind that not all of the prehits will run. Some will actually tank at the open, so you have to be careful which ones you decide to buy. Mike always talks about going long on green, and short on red. Because I'm limited in my trades, I'm very picky about which prehit I'll buy. Sometimes I pick the wrong one, but I get out quick if I pick the wrong one. Or sometimes I miss the best one and choose a mediocre one. The other day he mentioned JADE and SEED premarket. I bought SEED, it ran up a bit, and then was consolidating for a while. I kept holding, waiting to see if it would go higher, but then it started to come back down, so I sold for a very, very small profit. If I had chosen JADE, I would've had a huge profit. Of course, I then saw SEED accelerate and close at its high right near the market close, after I had sold my position. Nevertheless, even a small profit is better than a loss.

Smoke you can go to greenonthescreen.blogspot.com and super-trades.blogspot.com

Ah ok thanks man! Got it all down now. I'll try to make some money tomorrow.

Smoke, I'd suggest paper trading first, or you will likely lose a lot of money quickly. You're not going ot be in the 10% of traders that make money right off the bat. May as well learn while losing fake money, instead of real money.

Thanks for the advice. But how will i lose money if i just follow some of u guys?

Uh... I'm going to assume you were joking.

LOL no u guys are heroes in the market lol...really tho i have learned alot from here

Well I haven't posted before today, so you've learned nothing from me. But if you want to learn something from me, it's paper trade. People that are actually good enough to make decent money have a few things going for them that I doubt that you do (and don't take this as an insult, just an assumption given that you are a self admitted beginner).

1) They know innately when to get out of a stock if it isn't going how they expected/wanted it to.
2) They will be in before you, and out before you, if you're following them. So if they get in on the way up and out on the way down (or vice versa if shrot selling), you will pay more and sell for less, and by the time they post their transaction, you read it, and place your order, there's a very real possibility that they could make good money on a trade that you actually lose money on.
3) They probably have a lot more money than you which means 2 things:
a) They can take multiple positions at the same time, and thus if 3 go good and 2 bad (for example) they would still make money, while you may only be able to get into 1 of them, and you may pick one of the ones they lose money on.
b) They can daytrade, while you most likely can only do 3 round trips each 5 days. As Tim's described repeatedly, that can be a huge hinderance.
4) As this site gets more popular (assuming that it does), you will get more and more people posting here, and more and more people who only post because they are already in a stock, and want to unload to make you a bagholder, not help you make money.
5) You have to figure out who is here to help themselves, and who is here to help you.
6) No one will ever have the exact same trading style, risk tolerence, and economic situation as you, so you can't just follow the tardes of others without examining your own situation.
7) Most of the people here who are trying to help will not say "I got in XYZ at $W", they will say "I am watching these 10 stocks". So you have to understand enough to figure out which of the 10 are the best bet for that day based on your own trading style and comfort level.
8) If you are really new, I can say with virtual 100% certainty that at some point your ego will take over, and you will try to "one up" the person that you are following. For example you see someone buy at $2.50 and you buy at $2.50 also. They post that they sold at $3.00. Instead of getting out with a profit and moving on, you will say "I'm going to wait until it goes up to $3.10 so I can do a better trade than that guy" and the price will undoubtedly drop. Then you'll say "Okay, I'll just hold until it gets back to $3.00" and it won't. So you'll say "Okay, if it drops back below $2.50 I'll sell to break even" Then it will drop below $2.50 when you are away from your desk, and you will say "Okay, I'll sell when it gets back to $2.50" but it won't get there, and you'll end up losing a bunch of money on a trade that the person that you "followed" made 20% in a couple of minutes/hours.

So anyway, no, I don't think you can just blindly follow people here and succesfully make money, despite the fact that some here undoubtedly make very good money for themselves.

All IMO of course, but based on personal experience and/or watching others doing the exact same thing.

Damn, I talk(type) too much...

No hey man thanks a TON for all the help! Great to know people are not just out there for themselves like ur self. I greatly appreciate it. But you might have gotten the wrong image of me. I'm "newer" to trading but NEW NEW. Ive been doing it for a good year or so. I know a good bit about it. I'm just new to the short selling and breakout trading. I have made my mistakes in trading but have profit from it also. I've done my share of paper money also. I know paper money isnt 100% accurate. But last paper money account i used i gained $17,000 in 2-3 weeks. I will take ur advice and watch u guys alot more b4 i actually jump into anything. Thanks again man!

PCola makes some great points. Don't blindly follow anybody. For example, don't buy NNVC just because someone else bought it. Instead, take the time to understand *why* someone got into a trade, so that you can make your own decisions.

Don't expect to win money right away. You can't expect to be an expert at something that you don't have experience with. A little over a month into trading, I was down 30% on a $4200 account. That's $4200 to $2800. I had way more losing trades than winning trades. Now I'm finally turning things around, and I'm back over $3000. My winners are exceeding my losers, I'm not losing money anymore, and I'm no longer making stupid trades.

I would disagree with PCola about the reasons people post their entry/exit prices and such. I post mine simply because I'm sharing my experiences...both my good trades and bad. All my trades can be verified through Covestor. I am starting to post alerts in Mike's chatroom now too....I alerted them to a Superman pick the other day, and also notified people about the NNVC news this morning, and also occasionally mentioned when NNVC was reaching new hods.

PCola has a good point about the "watch/alert" thing. Mike13th mentions in his chatroom which ones he's watching, and he alerts people to premarket hits. However, it's up to you to decide what to do with those hits. Don't expect anyone else to tell you what to buy, when to buy, or when to sell. That's stuff you need to learn on your own. And sometimes it takes losing money at first to learn.

Smoke,come on in to chat,glad to have you there.

Tried to short PGOG but couldn't get shares.
Did short GNOLF at .42,has a long drop ahead i'm thinking.
Went long NYNY right out of the gate.
Looking for a short trade on it tomorrow if goes red.

CYPW long too and holding overnight.

EFGU a jason fuller weekend pump,huge vol increase today.
His fall fast and i'm in line for it

Thank u guys for the help. Like i said up there i know when and how and all the good stuff on when to buy/sell a stock. I was just doing like u said. Gettin advice on a stock(NNVC) and acting on it. Like every1 else does is GOS. Just doing it over Tim's blog. I appreciate all the help guys...it makes tons of sence. I've made plently of dumb mistakes in the market and good ones.

***No one will ever have the exact same trading style, risk tolerence, and economic situation as you, so you can

Yeah speakin of money lol. I got enuf to get things going slowly. Main thing thats gonna help is deployment to iraq in janurary. That should get things rolling substantially.

Hey, Smoke, another thing I'm learning is how to use levels of support & resistance to time my entries/exits. I screwed up a profitable trade the other day. Can't remember the ticker...would have to go back and look. It was one of Mike's prehits. Anyway, I bought, and within 15 minutes I was already up $150. I figured the next resistance level was the next even number (I'll say $2 but I don't remember exactly...could be any even number) so I held. Well, it passed something like $1.80, hit about $1.90 or so only to come crashing back down. I figured it would bounce back, but never did, and I ended up taking a loss on a trade that I would've profited.

After the loss, I took a look at the chart again. I noticed resistance around $1.80. If I had noticed that before, I would've known to exit the trade as soon as it went above $1.80, as the chance of it going higher had diminished. I would've had a profit instead of a loss.

I successfully had a profit on NNVC a few weeks ago when it went from something like $1.10 to $1.40 or so. I knew there was resistance at $1.40, so I got out at around $1.39 (again, I would have to go back and check to see my exact entry/exit prices) figuring it wouldn't go much higher. It turned out to be a good decision as NNVC pulled back the next day.

Mike13th mentioned the 10/60 sma cross to time entries and exits, and I'm finding that helpful too. I bought QBIK on Friday at $3.64 on the breakout. It tested $4 today, but couldn't break it. I then noticed the 10 sma turning back towards the 60 sma, so I decided to lock in a profit and I exited at $3.95. I think QBIK closed at $3.87 or so but I'd have to check. It could go higher, but at this point it's probably 50/50 which way it will go, or it might just consolidate at this level.

Tim and family, we're responsible for this,

http://www.nytimes.com/2008/04/30/business/30sh...

//Signed//
The Market Fantom

Smoke, if you're looking for a potential breakout, check out CSGH. It had a nice price surge on volume today. You can see that $1.35-$1.36 is the resistance point...it tested that today, as well as on May 8th. If it breaks that, it's a confirmed breakout. I've got it on my watchlist. I think that $1.50 might represent some psychological resistance on this one, though so for me and my small account, I might not buy it if it does breakout.

Smoke,

Other potential breakouts to watch over coming days:

GETG (needs to break $2.36 on good volume)
CHTL (needs to break $3.02 on good volume)
IVAN (needs to break $3.15 on good volume)
CHQ (needs to break $5.24 on good volume)

Tim gives great advise on SHORTING only after the stocks been pumped..wish he can advise on long...

YngvaiMalmsteve, you mentioned Mike13th's comment about 10/60 sma cross to time entries and exits. Can you elaborte this please (or perhaps Mike_13th can explain it, if you are around). I tried to look 10/60 sma cross at QBIK daily chart, both are uptrends, can't figure out 10 sma turning back towards the 60 sma. Am I not looking at the right chart? Thanks for explaining.

Yngvai
Nice NNVC trade so far and yes 1.50 if is broken could be real nice.
Agree CSGH is a good potential breakout.
Like your GETG and CHTL as watches too.
The 10/60 works really good with these faster types I believe.
I know it helped me a bunch when I first started trading "these type.

Skyrocket,
Here are a few posts regarding the 10/60 ,click on the snapshots to enlarge them.

http://tiny.cc/CZ51B
http://tiny.cc/kLvUT
If you go to the blog and do a search box of "10/60" a few other examples.

Starstocker asked:
"Mike_13th, there are over 20 stocks you mentioned here, which one should we focus on, there is no way one can play all 20 or keep focused

Tim,

I like the affiliates program. If you get some super affiliate builders to grab your stuff your site will really take off. I have one concern however based on your new affiliate pictures. Actually just one of the pictures. The one that says you can make millions. I know it is just advertising but for the sake of your reputation I would strongly advise you to change it to at the most say thousands not millions. You said so yourself then penny stocking has limitations. I know that you yourself made it to millions but I would stray from claiming others can make millions too. You're going to get many many never before traders buying your products that are in the poorhouse and desperate to find the holy grail that brings them to riches.

You said so yourself that this isn't a get rich quick scheme. Even you have been having a tough time building your pot from 10k with the PDT rule holding you back. The people that have used your methods that have been able to make some major money have already had experience in trading and you've improved their skills but they also have over 25k to be able to really make the most of your system.

It goes against your core niche that makes you unique from other stock trading money making "gurus". You actually have something that makes you different then the other 99% of so called "gurus" and you have to be very careful with how you want to market yourself with your affiliate program. You have said that you've really started to enjoy the teaching part of pennystocking. Maybe you'll make more money grabbing quick sales from naive people but you'll at the same time put yourself into the same pot of get rich quick "gurus" that your core fans were trying to avoid.

Sorry for the long winded post. I really an rooting for you to succeed and break away from all the crap that people are inundated with when searching the internet to learn how to make money in the stock market. Hopefully with your affiliate program it will allow you to focus less on marketing and more on content, trading, and your livestock show.

no way in hell am i changing it to make thousands...give it a few years, people will be making millions....hell tony ellis is almost 10% of the way there in just a few months

Don't get me wrong I hope to be one of them that makes it to millions. Its a tough road to get past the stupid 25k limit. You also need to give yourself credit that you have trading instincts that make you as good as you are at trading in your niche that isn't common sense and not necessarily something that can be taught. Being able to spark that same thing in other people that wouldn't have done it themselves otherwise is a great thing and makes what you do worthwhile.

I just don't want to see you turn into this guy: http://www.trendfund.com/nm/MichaelBio.asp

Even if you don't change it I hope you understand where I am coming from.

Hey Mike. Is MYSL being pumped/promoted anywhere? I haven't seen any, but have been watching that one in particular so I was curious.

Thanks.

Here you go newbies

http://www.youtube.com/watch?v=PvoGvQ5HvZc

What is today'S mike13th pick?

Anyone.

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