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Props Slaps
 8 years ago '08        #1541
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 $outhside said:
So I might be getting the hang of this or mayb eit was luck lol but last week when I was mentioning Citigroup after earnings, I "paper-shorted (investopedia doesn't let me trade stocks under $5)" 3000 shares at 4.96 and "paper-covered" at 4.66. Surprised it went even lower but it's crossing all the averages and volume has been high.

Am I right for market conditions to have shorted last week when it was at 4.96?

My next a.ssumption since it dropped this low is that it will find support around the $4 level (50 sma) and do a reversal?

Once again, pardon my ignorance.
Well...Citigroup fell not because of technical reasons. The original fall was because the government sold their positions in Citigroup..which caused it to fall yesterday. And today..almost every stock is down because of the S&P downgrade on Portugal..and then Greece banks.

With situations like these, all technicals go out the window...you just have to focus on the news. Someone once told me that you need to learn how to trade the markets before you can trade stocks...which is absolutely true.
 8 years ago '08        #1542
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 kkkid said:
got august tck calls, lookin to get small play on cnq calls.
be careful with calls. a lot of people are saying this could be the final catalyst for the markets to fall back under 11k and then back down to 10k soon.

and if we do end up crashing...it's going to be much lower than 10k.
 8 years ago '05        #1543
$outhside 2 heat pts
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$1,105 | Props total: 1 1
 o7media said:
Well...Citigroup fell not because of technical reasons. The original fall was because the government sold their positions in Citigroup..which caused it to fall yesterday. And today..almost every stock is down because of the S&P downgrade on Portugal..and then Greece banks.

With situations like these, all technicals go out the window...you just have to focus on the news. Someone once told me that you need to learn how to trade the markets before you can trade stocks...which is absolutely true.
Yeah I forgot to mention that as well (Gov't). Each step I take forward I do 5 back lmao

I need to focus on the news aspect now.
 8 years ago '05        #1544
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
 o7media said:
be careful with calls. a lot of people are saying this could be the final catalyst for the markets to fall back under 11k and then back down to 10k soon.

and if we do end up crashing...it's going to be much lower than 10k.
yes could be, that being said i like the risk/reward for august and i think its just gonna cup & handle.
 8 years ago '06        #1545
philly337 21 heat pts21
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$30,090 | Props total: 13816 13816
 o7media said:
Well...Citigroup fell not because of technical reasons. The original fall was because the government sold their positions in Citigroup..which caused it to fall yesterday. And today..almost every stock is down because of the S&P downgrade on Portugal..and then Greece banks.

With situations like these, all technicals go out the window...you just have to focus on the news. Someone once told me that you need to learn how to trade the markets before you can trade stocks...which is absolutely true.
i think it was a pretty solid play though based off of technicals.I agree it feel below13 and 20 ma because of overall markets but think it woulda dropped to 4.66 (13 day ma) even if markets didn't.That's pretty much been the support line since mid feb and resistance was around 5
 8 years ago '08        #1546
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
POSC touched .152 again today ...only 1 cent away from my target price..I think that's a pretty good call.

POSC = Piece Of s**t Company

bank that!
 8 years ago '08        #1547
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
I'll be alerting my pick that a lot of people have been asking about in about 30 minutes guys....
 8 years ago '08        #1548
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 Supa Mario 910 said:
Please make sure it's CLSC, FNLH, or RTWW. Thx


Are you down on those?

You can make the money back in my pick ...just make sure you buy in :dancingcool:
 8 years ago '08        #1549
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 Supa Mario 910 said:
Yeah, I'm down. I'll be looking for your pick LOL
Oh ok lol...cool, i'll be buying shares too :D
 8 years ago '04        #1550
franchise 60 heat pts60
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$7,788 | Props total: 310 310
i'm not sure if my broker will let me buy it or not, i tested a couple that were less than .01 per share and i was denied
 8 years ago '08        #1551
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 franchise said:
i'm not sure if my broker will let me buy it or not, i tested a couple that were less than .01 per share and i was denied
is your money settled yet? didn't you just open your account?

...my stock pick is above .01 though
 8 years ago '08        #1552
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
Okay guys...here's my big pick...

GEVI - General Environmental Management

Buy it now!!! It's going to run hard!!!!!

:dancingcool::dancingcool:
 8 years ago '08        #1553
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
Look at GEVI gooo!!!! Huge volume just came in!!!!

:D :D :D
 8 years ago '05        #1554
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
gold cruising now
 8 years ago '07        #1555
FeedTheBeast 23 heat pts23
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$14,003 | Props total: 10828 10828
Never seen this thread and I'm very intrigued. Anyone know of some literature that would help someone like me get an understanding of the stock game?? I know nothing but would like to learn.
 8 years ago '08        #1556
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
I picked up 5,000 shares of GEVI...have another order in but it hasn't filled yet! there are people in line waiting to buy...

i suggest you guys get in now before it's too late!!!
 8 years ago '08        #1557
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
Order just went through for another 5,000 shares for me :D
 8 years ago '08        #1558
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
 o7media said:
Order just went through for another 5,000 shares for me :D
Just picked up another 2,000 shares!!! Getting ready for the rest of the week here....this is gonna be huge guys :dancingcool:
 8 years ago '08        #1559
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
Ask getting slapped on GEVI... another 25,000 shares just got bought at the ask :D
 8 years ago '08        #1560
o7media 50 heat pts50 OP
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$32,106 | Props total: 11542 11542
GEVI closed at the high!!! Great sign for tomorrow...

Huge volume, almost 10 times higher than average!! :D
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