Making $5K with $20K each month

NAUC was done by one group, his recent deals were not done so well, he didn't support, rumored ESRG might be from the NAUC group, but my sources say NAUC guys are on vacation. TUBR/EXGI is one group, some funds supported TUBR moved to ESRG. Wild Bill is one group, his past two did very well, but the recent one MBKR didn't do too good.

STTK/GHLT/CVDT is another group (so-called Zurich group), unfortunately, I knew well the European guy who started the group, he used to trade with me on smallcap NAS stocks through Yahoo PMs, we're buddies when we were at the same level financially. We even started a company/website together, I named the website, the website still exists. Then I lead him to trade OTC/pink stocks, he found shorting these stocks could make more and he did that through a special offshore broker. After he made over $500K, he started to do private financing and IPOs. STTK was his first deal, I was the first person he told. GHLT made him a couple millions. He got 5 million shares CVDT at 0.25-0.50 range, then he sold all these shares from $2.20 to $5 through IPO. His RRPH didn't fare so well, only gained 50%, but I bet he sold millions of shares above $2, no idea when his BDYT would move. He still short these high-flyer OTC/pink stocks with the familar MMs - QUIN/MURF/EFGI/BRKT/WDCO etc.

Now he is so rich, he said he's working with big boys and deal makers, he is taking a $6 billion company to IPO soon. The way he speaks has even changed, he won't bother to talk to this poor pal anymore on PMs. But that's okay with me. If you are close to him, you would know who I am, the only thing he doesn't know about me is - I am getting so poor and struggling, but I won't beg a thing from him because I don't like the way he talks and treats friends, he has changed, his plays are nothing but scams, most of them were ended in stocklemons.com :-)



Quote from otcstockfund:

actually quin/efgi do most of the good promos on otc(quin will sit on bid and absorb unless a good chunk comes through then force back up) off the top of my head NAUC STTK GHLT IRXI TUBR
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Quote from mark1:

Rofl, funny how some people just read the first post and jump in saying you can't do it.
M*rons...

You are a great trader dude, one of the best I've ever seen on ET and you seem to be a good guy as well.

Keep up the good work :)
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I agree, this is one of the best journals on ET and has a lot of good info.
 
Hey Pennytrader,
I hope you do well and meet all your goals. This is a very interesting thread. It took a little while to read it all but it was very interesting. I'm rooting for ya!:D
 
Quote from PennyTrader:

I found the paper. On one of these NANO tech momo days, CTKH signed a nanotube deal with MOT, my holding on CTKH shoot up 1,179,100% from where I bought months ago, the market value: $44.86 million, got to be an Etrade record, woohoo! It is like winning a lottery but cannot cash it.

Of course, at that time, I holded over 30-50 different penny stocks (3 pages).


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I have a whole new respect for you my friend. I would have surely caught a Murder Charge. Yeah...I would have found that MM and done a Tony Soprano on his azz. I have 2 daughters….and a wife with a bad spending problem….that $44mil would have bought me a nice divorce and a mail order bride from some far and away country that don’t know the meaning of spending money….just pleasing her man.

o.k. so maybe not a Murder charge…but it would have been a tad difficult sleeping that first night….LOLOLOLOLOL


let's have another good day of posting bru !
 
I hope you kids are doing well today. I didn't have a good day, I guess my revenge trading habit is back, should have listened to friends to stop trading this CPWR and trade others.

CWPR is not easy to trade just like AMGN yesterday. It acts like some other big NAS stocks, I couldn't trade it in the comfort level, in simple words, don't know which chart to trade it because of its volatility. In the beginning, I had a feeling it would tank and bounce, but it took so long to tank, after drifting lower and lower, it won't bounce at all. I think the best stocks for me to trade are these priced at $1-10.

I started the day by watching CPWR, I didn't ride the big runup, I waited and wanted to go short, I finally shorted it near the top area, but my order was stopped out with $100 loss on a fast run and drop type, my 0.10 stop was too tight. I didn't go short again. I then bought long on two other dips, but it didn't move up much as I expected, my target was too high, I added two other $100 losses quickly.

I waited and waited, finally it came down to $11, I bought it again, I thought I could at least make 0.20, this time I added 3000 shares with max margin, holy cow, when $11 resistence couldn't pass, it sure went down fast, I stopped out with 0.15 loss, I lost near $800 total on CPWR for the day. I didn't get a chance to trade others. CWPR's loss wiped all my gains on ESRG. I did add 1K more ESRG on the bid.

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Thank you. I need to re-adjust my strategy to do better, I need to select better stocks to trade, at today's rate, all bashers would come on board :-)


Quote from mrinstall:

Hey Pennytrader,
I hope you do well and meet all your goals. This is a very interesting thread. It took a little while to read it all but it was very interesting. I'm rooting for ya!:D
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Here is a possible deadcat bounce play in the next couple days, ALAN at 2.40, it might test 2.20 again tomorrow, the stock tanked on earnings today:

6-month daily chart, right at the bottom of the trendline:

smallkap52.png


Weekly chart:

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Hourly chart:

smallkap55.png
 
EICU popped up huge on earnings about two weeks ago. Now the stock price is coming down to the pre-earnings level at $8. The volume is light, but if you look at its June $10 calls, huge open interest (11,558) compare to May's $10 call (10), maybe people are expecting something for the month of June. It popped up to my scanner today, this is a stock to watch.

http://finance.yahoo.com/q/op?s=EICU&m=2007-06
http://finance.yahoo.com/q/op?s=EICU&m=2007-05

EICU charts:

Daily chart:

smallkap56.png



Hourly chart:

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Weekly chart:

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XING 14.69:

Daily chart bottomed, possible heads to $16 in short-term (resistence at 50 day MA).

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Weekly chart, bounced right at 50 weekly MA, $16.5s is the pivot:

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Here is a NYSE deadcat - DF, I don't know why it tanked big a few weeks ago, I still hesitatnt to trade NYSE stocks:

Daily:
smallkap62.png

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Weekly:

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Hourly - accumulation pattern:

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