My longshot is
- Thread starter CaptainObvious
- Start date
Holy Shit! - Just got in from a long weekend trip, haven't seen the market all day. Well..I didn't catch the whole move, but I got a lot of it. Originally in sometime in March at .55, rode it up and got stopped out at .70. I took another stab on last Wednesday's spike at .85, but only a small position. Wish I watching today and I would have added. Damn. That's the way things seem to be going for me lately. Made a few grand, but if I would have just kept my original position, this would have been a double. Fuck!
Before I tell you guys this pick, I have to put up the usual cautionary tale to be careful.
My longshot is ZICA and here are my reasons:
- It appears near a bottom on the chart and the downtrend line was broken today.
- This company produces software for phones. Apple I-Phone hype etc. The story behind this company is there.
- There have been times in the past where this has doubled, tripled and quadrupled in a short amount of time. There have also been times where this thing was cut in half, thirds and quarters. It can make you rich or poor depending upon which side your on.
- The company has been issuing many press releases lately. Press releases on these penny stocks are key I have found out in the past.
My longshot is ZICA and here are my reasons:
- It appears near a bottom on the chart and the downtrend line was broken today.
- This company produces software for phones. Apple I-Phone hype etc. The story behind this company is there.
- There have been times in the past where this has doubled, tripled and quadrupled in a short amount of time. There have also been times where this thing was cut in half, thirds and quarters. It can make you rich or poor depending upon which side your on.
- The company has been issuing many press releases lately. Press releases on these penny stocks are key I have found out in the past.
Here is the chart. In 2004, this went from 2 dollars to 8 dollars in 2 months then it went all the way down to where we are today in a few years.
As you can see, the Fibonacci retracements have been reliable *most of the time*. The last bottom was at .66. .66X1.618= 1.06788. This theory is a prediction on the next significant bottom to see if the macro downtrend has been reversed. I believe the macro downtrend has been reversed.
However, the key to Zica involves the following link:
http://videoplayer.thestreet.com/?c...OO&cm_cat=&cm_ite=&puc=yahoo&ts=1181000372213
Its not the content of this links thats important, but where its at. TheStreet.com. Why is Cramer's TheStreet.com pumping this thing? Its a penny stock going for a dollar and change.
When thestreet got a hold of this thing, it had reached a major low on the chart and then it started basing. Now there is a pop today. Im wondering where Cramer's people are going to exit out after they have accumulated for the last few weeks.
As you can see, the Fibonacci retracements have been reliable *most of the time*. The last bottom was at .66. .66X1.618= 1.06788. This theory is a prediction on the next significant bottom to see if the macro downtrend has been reversed. I believe the macro downtrend has been reversed.
However, the key to Zica involves the following link:
http://videoplayer.thestreet.com/?c...OO&cm_cat=&cm_ite=&puc=yahoo&ts=1181000372213
Its not the content of this links thats important, but where its at. TheStreet.com. Why is Cramer's TheStreet.com pumping this thing? Its a penny stock going for a dollar and change.
When thestreet got a hold of this thing, it had reached a major low on the chart and then it started basing. Now there is a pop today. Im wondering where Cramer's people are going to exit out after they have accumulated for the last few weeks.
POS WWAT keeps going. I'm so tempted to buy at 1.23 right now and take it to 1.30. I just find it hard to but OTB stocks...
Buying the pullback in MEA. Not really a longshot as it's a legit company. Also buying pullback in NEXM.
Tempted to buy a one day crap shoot in IMR, see how it goes with the ruling tomorrow.
F'N WWAT just keeps running.
Tempted to buy a one day crap shoot in IMR, see how it goes with the ruling tomorrow.
F'N WWAT just keeps running.