VSCY came out of the blocks like a rocket ship today, hitting its previous high of 8.8 cents. I considered taking at least a partial profit, but I wanted to hold to see if would go higher. I failed to take my own advice of taking at least partial profits at resistance points.
VSCY came back down and hovered around 8 cents most of the day. Each time it looked like it was going to creep back up towards its high, it would come back down, constantly trading in a 7.8 - 8.3 cent channel.
Finally, it looked like VSCY was showing signs of an afternoon fade. The 10 period sma was getting ready to cross below the 60 period sma (using 5 minute time windows), which was a good signal to get out. I got out at 7.61 cents for a $362 profit.
Right after I got out, the 8K came out showing that VSCY had settled with Microsoft and would be receiving license payments from them. However, the bad thing was that the details were confidential. Obviously, shareholders didn't like this (they wanted a financial amount), and VSCY tanked to as low as 7.2 cents before rebounding and closing at 8 cents.
VSCY is probably a dead play now. The whole reason why this had home run potential was the potential fianancial impact of the Microsoft settlement. Without that, the hype will now die.
I'm happy I made a profit, and I was smart to exit on the signal. I'm just dissapointed that I got a bit greedy and didn't take partial profits at resistance and let the rest ride. If I had sold half my position (35,000 shares) at around 8.6 cents, and then the rest at 7.61 cents like I did, I would've had almost a $700 profit. Heck, if I had sold everything at the resistance point, I would've had over a $1000 profit!
I was looking for the home run on this play and it cost me some profit. But the potential was just too big with the upcoming 8K filing. If details of the settlement had been released, VCSY probably would've exploded upwards much like PTSC did. Still, I made a profit and made up for most of my loss yesterday. Now I'm back over $6000, and I want to keep it that way by sticking with smart trades. VCSY was a good trade to get into based on all the variables...just my execution was off. My exit could've been better (and I could've avoided my loss yesterday with a more careful entry), but it wasn't terrible either.
No more plays today.
GUTTER ACCOUNT STATS:
Beginning of month: $6098.42
Yesterday: $5629.16
Today: $6006.38
Today's gain: $377.22, or 6.7%
Loss since beginning of month: -$92.04, or -1.5%
Positions traded for a gain: VSCY ($362)
Posts
10 comments:
your a bozo two bit player thats right smearing our hard fought battle against msft to bad for you loser im up 100000.00 every 1/2 cent guess you really dont know what your talking about if you did your due dilligence you would know our settlement will make heads snap off when announced play your stupid little game big man and please tell the world, so they can call you on this too
your company has 28 employees. and your company website says "power of technology", yet the website looks like it was made with microsoft frontpage by a kid in elementary school. and your company's stock is obviously shit... game over.
Sheesh............hell of a difference between "sharpest knife in the Drawer" and a "a bozo two bit player "
I think you have me confused with someone else.
lump.....are U getting me in chit?
Stockwabbit
The fact that Microsoft was forced to settle with VCSY one day before the Markman Hearing should signal to you that VCSY has something very valuable and for Microsoft to request that the settlement remain confidential, suggests it was a HUGE settlement covered up by the words "fully paid licence". When was the last time Microsoft ever caved into a company, settling in just 15 months? Never! And to a "penny stock company" Ha!
I understand that your investment strategy is to use charts and take profits but with VCSY their is much more money to be made by holding so that you're sure to not miss the biggest run which is yet to come.
As for those attacking you, you should understand that us VCSY Shareholders have been under attack for eight years and just have a reflex to anything that goes against what we know is coming.
GLTY and Happy Trading!!!$!$!$
Someone wants my shares real
bad. You should know by now,
the easiest way to make money
is to give up the take down job
and buy a bunch of VCSY.
VCSY has arrived.
Whoever started this is a real schmuck. FACT! PERIOD!
penny garbage.... this will be back to .50 real soon fools
I am in for .50. It's sitting at .08 now.
Microsoft legal settlement with Vertical Computer Systems Inc. is an excellent longterm investment. Glad to see daytraders and everyone will profit from this announcement is made public.
A win win for all longterm.
Strong buy for the stock Vertical Computer Systems Inc. will hit the radar sooner than later now that a settlement has been reached with microsoft.
Post a Comment