o7's penny stock, small cap, big board, and option plays thread!

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Props Slaps
 7 years ago '08        #181
o7media 47 heat pts47 OP
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 rashcobar said:
hey o7, lovin this thread... havent' traded on any of your signals yet but looks very positive. THe main reason is that i'm in australia and the only cheap way i can trade US stocks is through CFDs.

are u implementing any stoplosses in your trades?
No stop losses, you can't use stop losses on pennies. I only use mental stops ..same with big boards/options because I got used to it.
 7 years ago '08        #182
o7media 47 heat pts47 OP
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 XJAYXJAYXJAYX said:
aight well im a complete noob at this...so i funded my e*trade account and I was gonna get in on one of the plays called in here but kinda backed out and got confused because when your about to make a trade few options to choose from for 'buy' and 'price type' ...what do i choose and theres an 'term' option..and it says good for the day?...what does that mean?..i can't hold stocks over night into the new day?

again..im a super new at this and im trying to learn this....

Yeah if you're buying choose buy and use a limit order as the price type. If you use a limit order you'll never pay extra than what you wanted. You should never use market orders, especially not with penny stocks.

Good for the day means your order will stay in for that day. If it doesn't get filled (if you don't get your shares) by the time the markets close then your order will be canceled and you can redo it the next day or forget about it and move on ..or whatever you decide to do.
 7 years ago '08        #183
o7media 47 heat pts47 OP
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 o7media said:
Just alerted MRVL 21x January puts at .17 x .19
 o7media said:
Oh and I got some at .20.
Just sold these at .41. +105% :dancingcool::dancingcool:

Sell if you want..they could rally!
 7 years ago '08        #184
o7media 47 heat pts47 OP
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 o7media said:
Just sold these at .41. +105% :dancingcool::dancingcool:

Sell if you want..they could rally!
f**k! at .61 now

Up over 200% since yesterday's alert. I sold a little too early!
 7 years ago '08        #185
o7media 47 heat pts47 OP
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MTRO at .0008 ..pick it up.
 7 years ago '08        #186
o7media 47 heat pts47 OP
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SFSH at .008 looks good
 7 years ago '08        #187
o7media 47 heat pts47 OP
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holy s**t MRVL is tanking. I should have held the puts.

at .83 now. +336% since yesterday's alert! :(
 7 years ago '08        #188
o7media 47 heat pts47 OP
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GIS 37.5x January puts at .55 x .59 now. gonna buy em in a sec.
 7 years ago '08        #189
o7media 47 heat pts47 OP
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 o7media said:
GIS 37.5x January puts at .55 x .59 now. gonna buy em in a sec.
Got mine at .56
 7 years ago '08        #190
o7media 47 heat pts47 OP
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EGOC back to .0024 for those still holding. Still looking for .003+
 7 years ago '08        #191
o7media 47 heat pts47 OP
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The MRVL puts I alerted yesterday at .19 went to a high of .95 today. +400% on the dot.

NTUR continued yet again to a high of .49 today from my alert at .035. +1300%
 7 years ago '06        #192
D.O.H. 
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 o7media said:
Never used TradeKing, but heard they're not too good.
wish I had read this a week ago...I'm with them, and I'm going to etrade when I get paid, they don't allow trading of stocks below .01 so that sucks big time
 7 years ago '05        #193
rashcobar 14 heat pts14
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I opened up NASDAQ trading on my cfd acct, but they don't offer contracts for any of these penny stocks.
In the process of opening an international E*trade acct, but i'm not sure if they'll let me with a foriegn bank.


another question - how do u determine when to take profit, is it from the chart, or do u have some other kind of indicator?
 7 years ago '08        #194
o7media 47 heat pts47 OP
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 rashcobar said:
I opened up NASDAQ trading on my cfd acct, but they don't offer contracts for any of these penny stocks.
In the process of opening an international E*trade acct, but i'm not sure if they'll let me with a foriegn bank.


another question - how do u determine when to take profit, is it from the chart, or do u have some other kind of indicator?
With penny stocks yeah it's with the charts and the L2.

With options it's the chart. But I'm not always right on the top. Like today with MRVL I only got 105% profits ..but it went up 400%. I sold way too early.

But the odds of you always getting out at the right time are slim to none. It's really about being satisfied with your profits, and I can't complain about 105% in 1 day.
 7 years ago '05        #195
rashcobar 14 heat pts14
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yeah, cool. I mean since it's hard to pinpoint technical analysis on pennystocks when they move unless u have software to give a signal, I'd be going mainly off the depth chart.

what's L2?...

btw %105 is amazing :p If i cleared that every year, i wouldn't have to work again!
 7 years ago '08        #196
o7media 47 heat pts47 OP
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 rashcobar said:
yeah, cool. I mean since it's hard to pinpoint technical analysis on pennystocks when they move unless u have software to give a signal, I'd be going mainly off the depth chart.

what's L2?...

btw %105 is amazing :p If i cleared that every year, i wouldn't have to work again!
Yeah well I only play a couple of patterns on pennies. But since there's so much manipulation with the penny markets I can get thrown off sometimes lol

L2 = Level 2 quotes

Yeah 105% was great. But it just pisses you off after you sell and you see it keep going up
 01-20-2011, 07:50 PM         #197
XJAYXJAYXJAYX 
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 o7media said:
Yeah if you're buying choose buy and use a limit order as the price type. If you use a limit order you'll never pay extra than what you wanted. You should never use market orders, especially not with penny stocks.

Good for the day means your order will stay in for that day. If it doesn't get filled (if you don't get your shares) by the time the markets close then your order will be canceled and you can redo it the next day or forget about it and move on ..or whatever you decide to do.
aight..so with limit order...what should i put for limit price??
 7 years ago '08        #198
o7media 47 heat pts47 OP
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 XJAYXJAYXJAYX said:
aight..so with limit order...what should i put for limit price??
The most you want to pay. Limit orders are for your max price your willing to pay i.e..your limit
 7 years ago '05        #199
rashcobar 14 heat pts14
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[QUOTE=o7media;18169915L2 = Level 2 quotes
[/QUOTE]

are L2's only on NASDAQ? because we dont have them on ASX or any of the other markets i trade on i only really get to use a depth chart like this:



we also got the course of sales, but that's hindsight, obviously


Last edited by rashcobar; 01-20-2011 at 09:00 PM..
 7 years ago '08        #200
o7media 47 heat pts47 OP
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No, there's L2 for everything. That doesn't look like L2 ^^ ..It looks somewhat similar, but for penny stocks L2 is very important because of market makers.
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