Making $5K with $20K each month

It is pretty easy to compare, I think. As it mentioned in the article I posted, there are three Chinese solar stocks are trading in the U.S. The closest one is JASO - in exactly the same business - solar cell.

But it is all about the momo, it is an IPO, all 8 mil shares are fresh, some Chinese IPOs were pushed very high on momos, when the momo is gone, volume dies, eventually will drop.

The info below are from IPOHOME, use this info to compare at the same level - avaliable info at the date of the IPO:

http://www.ipohome.com/common/ipoprofile.asp?ticker=JASO

JASO: Revenue $44 mil, Net Income $7 million, market cap $1.086 billion. 15 mil shares offered, office price $15, first day close $17.80, return from IPO 64%. JASO is trading at $24s.


http://www.ipohome.com/common/ipoprofile.asp?ticker=CSUN

CSUN: $150 mil revenue, Net Income $12 mil. 8 mil shares offered, at the price of $12, the market cap is $427 million, its annual growth rate is even fantastic if compare to JASO....

No wonder JASO price dropped today on CSUN IPO.


If you want to hold longer, needs to read this:

http://www.sec.gov/Archives/edgar/data/1396247/000119312507117759/d424b4.htm




Quote from StockyIrishman:

PT,

Based on your research what valuation do you give CSUN for a possible top. I was going to buy at about $14.5 but I thought it had run it's course.
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light,

These are from Buffy's Bline and 2X. I thought thousands of Ensign users are using this template.

Yes, I like volume candlestick, I removed heiken ashi from Buffy's Bline.

Cheers!


Quote from light1:

penny you have some wicked charts!! I thought I had some complex charts. I usually dont even use all the gizmos though lol.. they are just toys

Do you actually trade using your gizmos?

kinda like the volume candelsticks.. I went to heiken ashi for a while but found I couldnt read the candlestick language using it so went back to regular sticks.
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Buffy has pretty detailed explanations on how to read them, it is just a matter of if one is willing to learn and use them. I am a very eager learner, I try to learn everything from others and use them. I made some modifications to trade equities instead of futures.


http://dacharts.org/archives/2X_Bline_HA/

2X BLine system explained:

_B_BLine_Marker_Explanation.png


B_Study_Windows.png


MACD:

B_Basics_MTF_MACDs.png

Counter Trend:

B_Screamers_U-O_O-U_MACD_RG_GR.png
 
PT, your learning desire is what inspired me. I have been learning intensively for the last two weeks, it is very rewarding, thank you for leading me into this wonderful world of ensign.

BTW, can you let me know how to setup the volume candlestick, I searched at ensign website help with no luck.

Great trade with CSUN and ESRG! You da man!

Quote from PennyTrader:

light,

These are from Buffy's Bline and 2X. I thought thousands of Ensign users are using this template.

Yes, I like volume candlestick, I removed heiken ashi from Buffy's Bline.

Cheers!
More...
 
Got some ESRG at 2.02 after the rinse job. Was it the mm's doing the shake out or just plain profitaking? From your vast experience, have you seen this as a common occurance with these type of pinkies? I'm kinda reluctant to put one a big position after seeing what happened today.
Good to see you extracted well from the slotmarket today.

"ESRG $1.98 x 1.99, my $2 target is met, I am locking in profits. What a scary shake on ESRG this morning, glad I didn't shake out on no volume. If it goes over $2, I might get back in, but I've no more buying power, so will just watch."
 
yc47ib, here is how to setup volume candle, double click the chart and bring up the Chart Properties window, check Equi-Volume should do it:

62xzz8l.jpg


Quote from yc47ib:

PT, your learning desire is what inspired me. I have been learning intensively for the last two weeks, it is very rewarding, thank you for leading me into this wonderful world of ensign.

BTW, can you let me know how to setup the volume candlestick, I searched at ensign website help with no luck.

Great trade with CSUN and ESRG! You da man!
More...
 
Ken,

It is very common to do shakes like this, if you look at TUBR chart by minutes, it did hard shakes several times from $2 to $4s, the key is VOLUME, if it drops without a pop and on no volume, that's a shake. They're the guys support the stock, without their support, price could drop to nothing, one day, it will just drop and without a bounce at all, however, tops always tested, even on TUBR, folks had at least a few times to get out, everyone is nervous when the shake happens like this morning, of course.

Today, they shaked the weak hands right before the news. The shake stopped right before the news hit at 9:58 AM.


I might get back in some tomorrow too, but only with 1K shares - easy in and easy out, may go for $3 price target.


Quote from KenL:

Got some ESRG at 2.02 after the rinse job. Was it the mm's doing the shake out or just plain profitaking? From your vast experience, have you seen this as a common occurance with these type of pinkies? I'm kinda reluctant to put one a big position after seeing what happened today.
Good to see you extracted well from the slotmarket today.

"ESRG $1.98 x 1.99, my $2 target is met, I am locking in profits. What a scary shake on ESRG this morning, glad I didn't shake out on no volume. If it goes over $2, I might get back in, but I've no more buying power, so will just watch."
More...
 
Here is the 5-minutes chart on TUBR, from $2s to $4s, it had two big shakes.

The first hard shake was from $3 to $2.40s, then it had another small shake from $3 to $2.80, a big shake from $4.2 to $3.6, then the last one didn't bounce at all, tanked from $4.30s to $2.50 straight.

smallkap85.png
 
Thanks for illustrating with TUBR. What I get from this is that playing these pinkies is the most risky in the whole slomarket and one need to take profits when it's there in front of you because it could disappear the next minute, so don't be greedy.

We appreciate you helping us become better traders with everything you've share with us so far. So, keep the good stuff coming.

Good Luck tomorrow.
 
Here is a short-term (60-90 days) play for me, this is a new microcap IPO: GZGT at 1.86 x 1.87. This is not TUBR/ESRG type - not one week play, it takes longer time to move.

I am getting 2K shares at $1.87. I believe this stock won't trade lower than $1.75 in the short-term because its starting price was 1.75 about two days ago, it should see $2-3 before see the low again. This one will be very very slow like a turtle, might go up 0.01 or 0.05 a day, then a quick shake could go down 0.20 or more n minutes, this is very typical, this is not a daily scalping play, just buy, hold, and pray for me.

But I must make a disclaimer - I am not suggesting you to buy it, because this one is just starting, it doesn't have 1 million shares traded yet, few knows the stock, if you buy, you could have a hard time to sell if no volume support. If over millions of shares traded like CVDT had, you could make a trade. For me, this is just a position trade.

It's chart should follow what CVDT did, when volume kicked in on CVDT (10 mil shares traded/day), it popped up big:

GZGT chart:

smallkap89.png


CVDT - it took about 4-5 month to make a huge pop, GZGT might be a little shorter:

smallkap91.png
 
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