SOLD FTCH @.085 for minor loss...could have been much worse

Bought 6,000 shares of FTCH on Friday

This was not a typical trade for me. I was working and only had about an hour window to place a trade. I wanted to buy a stock that had some potential for an upswing by holding it over the long weekend. I bought it at .0949. I bought this on on the message board hype and press releases that came out. I thought this would push it up to around .12 which was my exit point. Instead it closed at around .0648. So as of now I'm down about 32%...ouch. I set my stop loss at .075 but for some reason it never executed. This is what happens when you work and cant keep your eyes on your money. These are some of the press releases for this company:F3 Technologies Meets Capital Requirement for Remainder of the Year

F3 Technologies Takes Action to Reduce Authorized Shares by 80%








This is the 5 day chart on FTCH. You can see the spike near the end which I thought was a breakout. I bought near the top of the spike only to see it break down. I'm currently holding these shares and will be watching for a nice morning spike. This is one of the top stocks being talked about on ihub and seems alot of people have faith in the morning run up.

Cancelled UOMO order....just bought 11,900 of SPNG

If you look at the 5 day chart of SPNG, you will see increase in price day over day and wanted to get in this one. I will have my stop loss set at around .03 just for insurance. I will be watching this one closely since I have off today so I will post my results later.

Doublingstocks.com pick is UOMO

Thats right...the pick I received in my email is UOMO. For some reason the website link is not saying the pick. I just put in an order for 1,040 shares at a limit buy at .48. So we will see if this executes. As im writing this, the premarket volume for this stock is 75,200 so people are trying to make a quick flip as well. Good luck guys and please post what happened, gain/loss.

Disclaimer: I am not trying to pump this stock pick. I am only informing people of someone elses stock pick. Doublingstocks.com made this pick this morning. 

Still frustrated over my PEIX exit but still made money

This is what drives traders absolutely crazy. We set rules and get too greedy to execute these rules. I had a perfect set up with PEIX to make a quick flip with a perfect entry point but sometimes these risky plays don't always act the way you want. As I said in my previous post comment section, I dumped all my PEIX position at around .63-.64. Even though I made a few bucks after commissions, I still am upset that I wasn't watching this stock when I had to work. I just need to look on the bright side. At least I didn't lose money on this one. Anyways....enough venting about my missed opportunity. Time to move on...
I am anxiously waiting for this "perfect stock pick" from Michael at doublingstocks.com. Like I said before, I will release this pick on Mon. morning as this is when he said he will send out an email about it. He just sent me another email a couple of days ago about how to get this stock pick online when he releases it. Just click on this link http://www.doublingstocks.com/stock/ .
This is strictly his own pick but just think its hilarious that he is risking his career on this one pick, so he says.
While I wait for my buying power to update, I have a few stocks on my radar, here they are: GNTA, MGLG, SPNG. Good luck all!!!

Ethanol stocks finally breaking out!

Here we go! Ethanol stocks have exploded this past week. Will this continue? That is the big question. With oil prices touching a new high for the year and ethanol futures prices taking off, it seems as if this is the real deal. On Friday I noticed that PEIX(PAcific ethanol) was the only stock among all ethanol stocks that did not have a huge move compared to AVRNQ and BIOF. This is why I bought 825 shares at .59. Keep in mind this is not a long term play by any means. I will have my finger on the trigger today looking for any reason to drop it. Take a look at Fridays chart and see where I made the buy:

                                              

I saw the dip for the day and decided to jump in. It closed Fri. at .62 so I was up a little but still see some more upside in this one. My exit point on this one is around .75. If it makes it up this high, it will be interesting to see if I can be disciplined enough to sell at my exit point. Also, look at the the supernova BIOF: Heres a 5 day:

                                              

and of course, take a look at AVRNQ. 

This is my other play that I held onto. It dropped all the way to .04 and now has recovered all the way to around .20. This has been a huge turnaround. Message boards are posting rumors that Aventine is looking better everyday and might come out of this stronger than ever. Only time will tell. Also, look at ethanol futures and the breakout that might be happening soon:

This is going to be an exciting day in the ethanol markets even though the markets look to open lower. Good luck trading guys!!!

Overall market looks to recover plus another pumper puts his career on the line....lol

Even though I don't play mid to large cap companies with exception to my 401K, Its hard not to notice the turnaround in the overall market. The DOW seems to be making a nice recovery with financials and energy prices taking off. This should start to put back a little confidence back in our market and could be good for us micro and nano cap players. Enough about the big boy market and lets get back to what us little guys like to do best, play penny stocks. So I'm not sure if you guys know this website www.doublingstocks.com, but this website has been around for years. They supposedly have this "stock picking robot named MARL" that can magically pick stock winners. On the Zecco message board, I actually put this mythical robot to the test and subscribed to the service because I was sick of hearing about if it works. I posted all there stock picks for about 2 weeks when I received them as well as posted the entry price and closing price of the stock each day. Here is the link to my experiment. I had a lot of people respond to this discussion. Its pretty entertaining. Its just another reason not to trust these penny stock pumpers. The biggest problem is the illusion of an increase of the stock price after they announce their stock pick. What I mean is that at the end of market close they announce their pick and when it opens the following trading day, it opens much higher and not allowing for anyone using a discount broker to buy it at the announced stock pick price. This is how they can claim that the price has gone up since they made the pick. But if no one has a chance to buy it when its low then how can anybody profit from their service? They cant. Its all an illusion and rookie penny stock traders do not understand what is going on behind the scenes and just look at the daily change in price and think that its a good service. Its the funniest thing. But read the discussion board and see for yourself. Meanwhile, this guy Michael, the owner of this scam has been pumping up his next stock pick for months now saying..."if this stock pick does not triple in price...I will RETIRE as a stock picker!" HAHAHAHA...this is too funny. For some reason I am still on this guys mailing list even though I cancelled the service a while back. Well, he finally announced a date that he will make his stock pick...that date is set for May 18th. Let me be clear here. I am not pumping his pick in anyway. I am just letting you guys know what these pumpers do and hopefully you can use this to profit from them. So since I am still on his mailing list, I will post his stock pick when I receive it and we shall see what it does and also see how much influence this guy has on the penny stock market. He claims to have a 344,000 email subscriber base so we will see. I am tempted to just play his pick depending on when he announces it and whether or not their is a decent entry point. If I do play this, I will have my stop limits set so if anything It minimizes any loss I would incur. Please post a comment if anybody decides to play this pick(long or short) and also post what entry point you got in at. Good luck trading guys!!!