My longshot is

IFAN looks great--high volume and a solid move up. You must have brought luck.

EGOC was a wild ride this morning. it was still pink no info ahead of tomorrow's deadline and a lot of panic sellers (or one really big seller) plummeted the price 60% more at the open. then the filings finally started to come through--saved in the nick of time. I took a real risk with this one and looks like it's going to pan out.
 
janes said:
IFAN looks great--high volume and a solid move up. You must have brought luck.

EGOC was a wild ride this morning. it was still pink no info ahead of tomorrow's deadline and a lot of panic sellers (or one really big seller) plummeted the price 60% more at the open. then the filings finally started to come through--saved in the nick of time. I took a real risk with this one and looks like it's going to pan out.
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It's all looking decent today. Ain't no luck like dumb luck:D
 
CaptainObvious said:
CEI still ripping and roaring. Entering new positions in CCAJ and PUGE. Still holding all the rest.
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Am curious your selling strategy when it comes to something like CEI. What are you looking for as a sign to sell?

I play my custodials pretty conservatively--as a habit i always take some profits as it rises. so i sold half of IFAN yesterday and a third of EGOC today. I think both will probably go up more, and I think I end up giving up more money that I protect this way, but the risk management helps me feel easy about playing these rather than getting in my head. In the past I probably would have sold 2/3 of EGOC today, but I'm trying to stretch myself more on this one.
 
janes said:
Am curious your selling strategy when it comes to something like CEI. What are you looking for as a sign to sell?

I play my custodials pretty conservatively--as a habit i always take some profits as it rises. so i sold half of IFAN yesterday and a third of EGOC today. I think both will probably go up more, and I think I end up giving up more money that I protect this way, but the risk management helps me feel easy about playing these rather than getting in my head. In the past I probably would have sold 2/3 of EGOC today, but I'm trying to stretch myself more on this one.
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I talked myself out of selling CEI this morning, but may dump half of it later today, depending. With something like CEI I try to get a double before I start selling and hold on to the rest with a tight stop.
Something like IFAN and the rest I start peeling off shares at about a 50 percent gain, hold and peel off every 10 percent or so. If I think it's got some actual potential I'll hold a few thousand shares for a longer term. Usually busts out, but when it pops it's typically a big move. Also depends if I have anything else on the radar that looks better. If not, I just hang in.
Edit, I should note that I trade these things in a separate account. It's my gambling account. Some years, YUGE gains, others, not so much. Over a 20+ year period I'm up about 600 percent, but the drawdown years suck.
 
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CaptainObvious said:
I talked myself out of selling CEI this morning, but may dump half of it later today, depending. With something like CEI I try to get a double before I start selling and hold on to the rest with a tight stop.
Something like IFAN and the rest I start peeling off shares at about a 50 percent gain, hold and peel off every 10 percent or so. If I think it's got some actual potential I'll hold a few thousand shares for a longer term. Usually busts out, but when it pops it's typically a big move. Also depends if I have anything else on the radar that looks better. If not, I just hang in.
Edit, I should note that I trade these things in a separate account. It's my gambling account. Some years, YUGE gains, others, not so much. Over a 20+ year period I'm up about 600 percent, but the drawdown years suck.
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Thanks for typing that up. I also think in terms of 100 percent gain. With IFAN, since I'm left holding half my shares for the merger announcement, I'll look for 100 percent gain from where we are now. Sometimes I set sell orders to hold myself to it, but there's a lot of buzz on IFAN and it could run more if people like the new company, so I'm going to watch it instead. But also a dime would be pretty high. Of course, things could also go terribly awry, but that's needless to say in this crazy biz. I also don't have that much of IFAN. I have a large (for me) amount of EGOC. I trade with a small account and so i look for stuff that's pretty speculative.
 
Out of CEI. Nice run from 1.66 for me. Who knows where it goes from here, but a guy in front of a white board making some presentation doesn't impress me all that much, but it's a meme stock so anything is possible. Off to other things. Holding pattern on everything else
 
You know I had to look. CEI now toying with 4 bucks. Did I do as I usually do and sell half while holding a position? Of course not. :banghead: Short interest doubled on this over the past week and that's primarily what drove me out this morning. That, and I am skeptical of the company to begin with. Does the reddit trading mob care? Nope, and this is all over the message boards. They're killing the shorts. That short covering is driving it up, up, and away. If anyone is still in, tip of the hat for hanging tough this morning.
 
CaptainObvious said:
You know I had to look. CEI now toying with 4 bucks. Did I do as I usually do and sell half while holding a position? Of course not. :banghead: Short interest doubled on this over the past week and that's primarily what drove me out this morning. That, and I am skeptical of the company to begin with. Does the reddit trading mob care? Nope, and this is all over the message boards. They're killing the shorts. That short covering is driving it up, up, and away. If anyone is still in, tip of the hat for hanging tough this morning.
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i feel for you. even when one does great on a penny--like you did with CEI--they still find a way to hurt
 
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