tag:blogger.com,1999:blog-1797814728390014124.post3992211599154077620..comments2008-07-05T13:08:35.336-07:00James Kriegerhttp://www.blogger.com/profile/11922537744815539996noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1797814728390014124.post-9891562116284008462008-07-05T13:08:00.000-07:002008-07-05T13:08:00.000-07:00yeah those are headaches I just don't want to have. Maybe I'll jump on the next breakout play like FRGY but for now mostly the 1-15 buckers.johnnyventonoreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-52275144011615857412008-07-05T12:48:00.000-07:002008-07-05T12:48:00.000-07:00Yeah, you can't put too much capital in these because when you need to get rid of your shares, it can be difficult if you've bought too many.<BR/><BR/>Now, with UVSE, I'm not afraid to put in $4000 on it because the trading volume is so high (60-100 million or more), that if I got 200,000 shares I wouldn't have much difficulty in selling them when I needed to.<BR/><BR/>Something like FRTL, you wouldn't want to put much capital in it because you would have a tough time selling your shares if you had too many of them.YngvaiMalmstevehttp://www.blogger.com/profile/11922537744815539996noreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-2104032428510444222008-07-05T11:35:00.000-07:002008-07-05T11:35:00.000-07:00ok so you're looking for absolute volume. This came up on a screen for breakouts w/ a criterion of 500% increase of relative average volume. I agree w/ 13th on this matter pennies can be a fun game but not a place to put capital that you would be upset to lose. He plays each one for $500 so like 1% of his capital. I agree the gains are tempting- some of them don't just double they go up 10X! But I'm in greenonthescreen trying to learn how to be a good consistent trader of the high dayrangers, so for now I'll just watch you guys and cheer you on.johnnyventonoreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-83169774069356983162008-07-05T09:32:00.000-07:002008-07-05T09:32:00.000-07:00Hmmm, not sure about FRTL. Volume looks pretty low for a low penny stock like that. 1.2-2 million shares isn't much for a 1-2 cent stock.<BR/><BR/>These little pennies are so, so risky because they can move 100% or more in either direction each day. I'm willing to play them, but only if there's an absolutely perfect setup...gotten burned too many times otherwise.YngvaiMalmstevehttp://www.blogger.com/profile/11922537744815539996noreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-68819310234384310902008-07-05T09:23:00.000-07:002008-07-05T09:23:00.000-07:00yeah those pennies play by different rules... to be honest I haven't been willing to play them until now, however I am running some scans and tracking them to see how it goes. What are your thoughts on FRTL?johnnyventonoreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-72722874222800381732008-07-05T09:09:00.000-07:002008-07-05T09:09:00.000-07:00Hey, anonymous, I'm ticked I got shook out of UVSE. There is SO much message board hype on it, and now that the O/S is maxed out, this thing is probably going to run. I'm probably not going to get the nice .0175 entry that I got before. I'll be lucky to get back in below .02.YngvaiMalmstevehttp://www.blogger.com/profile/11922537744815539996noreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-12166418130952084712008-07-05T09:07:00.000-07:002008-07-05T09:07:00.000-07:00Thanks for the positive comments, johnny! I appreciate them.YngvaiMalmstevehttp://www.blogger.com/profile/11922537744815539996noreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-59221235813982395162008-07-05T07:51:00.000-07:002008-07-05T07:51:00.000-07:00Like you I was up $1500+ on both days. Let both slipped...Still holding for monAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1797814728390014124.post-82784660575606990472008-07-04T19:43:00.000-07:002008-07-04T19:43:00.000-07:00love the site Yng. Love the honesty and evaluation, you are a good addition to the greenonthescreen chatroom too... very thoughtful.johnnyventonoreply@blogger.com