Thank you. I have some friends that do this and they make serious chips and it is pretty easy money. By flip topdown I meant lock up profit or cut loss, sorry if I confused anybody. If you work on dvp basis you have no obligation to anyone really. IPOs and new issues is what I meant. Now, I do understand if you are to get propper allocations in real deals (fig), you will have to set up a propper marketing schedule to attract the right individuals. I really like the concept and feel it is a different form of scalp that can be done in a traders spare time. I am not the first guy to think of this I just thought some people on here would know a little more about this.
Giles you are true. When I was a broker I had a system where I would follow small cap caca names on a scanner mainly nadq names. So Mr moderator(EASY), what I have to say is hype is the name of the game. With out it nobody makes money. Be happy we have people with balls enough to run speculative businesses. They could be getting "real" jobs. Whatever the hell that means.
I remember it like it was yesterday ANTP @ 4.5 before it went to 54, never had the top or the bottom but made money. GAP @ 14 before the buyout rumour brokout of a+p canada later went to 34 in a short time. TRLG @ 1.1 no shit I had no idea what this company had in store but I saw a very nice rise in the stock the previous year, something like .3 to where it was. TRA TNH RIO all before the splits. 03-04I could go on and on but what I want to say is I never really cared where these companies were fundamentaly because they were technically telling me they were going to explode. I wooped my firms analyst many times over using this stupid technique. I feel I have grown up since then though.
I had left spec garbage on nasdq for nyse. I just feel there is much cleaner moves. Things are a little more predictable. Now I only trade gold and other commodity driven names but I am pretty risk averse and always like to be right. I cant put that big wood behind alti, some but not that much. GG, FRO is a different story. I only like companies I would be comfortable buying with any type of money. As for investing I think the canadian energy trusts are a nice play should oil keep climbing. ent, pwi, pvx. I do not like US markets right now. I would keep my money offshore in some other currency just not the dollar. Gold oil and those commodities you and I need I feel will get very expensive and I am trying to do everything I can to get myself in a good position for when this time comes I will have the resources necessary to make my future a reality. p-
Giles you are true. When I was a broker I had a system where I would follow small cap caca names on a scanner mainly nadq names. So Mr moderator(EASY), what I have to say is hype is the name of the game. With out it nobody makes money. Be happy we have people with balls enough to run speculative businesses. They could be getting "real" jobs. Whatever the hell that means.
I remember it like it was yesterday ANTP @ 4.5 before it went to 54, never had the top or the bottom but made money. GAP @ 14 before the buyout rumour brokout of a+p canada later went to 34 in a short time. TRLG @ 1.1 no shit I had no idea what this company had in store but I saw a very nice rise in the stock the previous year, something like .3 to where it was. TRA TNH RIO all before the splits. 03-04I could go on and on but what I want to say is I never really cared where these companies were fundamentaly because they were technically telling me they were going to explode. I wooped my firms analyst many times over using this stupid technique. I feel I have grown up since then though.
I had left spec garbage on nasdq for nyse. I just feel there is much cleaner moves. Things are a little more predictable. Now I only trade gold and other commodity driven names but I am pretty risk averse and always like to be right. I cant put that big wood behind alti, some but not that much. GG, FRO is a different story. I only like companies I would be comfortable buying with any type of money. As for investing I think the canadian energy trusts are a nice play should oil keep climbing. ent, pwi, pvx. I do not like US markets right now. I would keep my money offshore in some other currency just not the dollar. Gold oil and those commodities you and I need I feel will get very expensive and I am trying to do everything I can to get myself in a good position for when this time comes I will have the resources necessary to make my future a reality. p-