Monday, August 18, 2008

Back @ school and still papertrading.

Managed to make up a good bit of losses from uneducated guessing, and the account is @ about 98,200.

In the meantime, it's back to Carolina and time to turn this hobby into something more serious. Funding in progress, and visits to the banks tomorrow to figure out these pesky transfers.

The NEW

FMD- According to the last book I read when GS does anything, don't bet against them. They don't make billions taking stabs at the market. Should the flurry of buyers that joined GS taking their stake decide to bail, this might be worth my time.

DYAX-Pharm pump. Lets hope this drug fails so I can short. Probably being too naive not having enough experience with probabilities of this happening.

CKSW- Low volume. Big Mover. Absolutely zero news. I'll add this to my inventory of patterns. 3 month history shows this is not a new trend for the stock. Look for it to hold or fall. Regardless, no decisions until this market opens and others jump in. Essentially a management/infrastructure providing company. No foreseeable links to overall market conditions.

CROX- Well known. Liquid. Pump and sideways action. Tank please. $5.31 close


ANSV- Same as CROX. Trades lower at $2.45. Sideways action means the buyers and sellers are close to equilibrium. Price resistance is essentially whats going on. Of course I want for these penny stocks to fall back down. But this is down in the gutter, and when a stock does this, I think a fancy coming out party(IPO) is what had it in the clouds to begin with. Yea its not the most solid reasoning, but fuck, I'll justify charts however I want. If I'm wrong it won't be assumed again.



OLD NEWS

RAMR, ABK,SCA,RDN,RHD,TGIC,BIOS, ZYXI



Experimental Strategies. Buying todays % gainers for gapup's and finding the daily % gainer gems.