StockFetcher Forums · General Discussion · penny crap pick IV<< 1 2 3 4 5 >>Post Follow-up
13th_floor
724 posts
msg #55761
Ignore 13th_floor
10/16/2007 10:28:36 PM

Jr,

I didn't know for a fact that ANTP would run on e/r after the open but I did know that the odds were on my side and good odds of a pretty good run.
That's all I ask from a trade,to know I have the odds on my side,not for a 5% move but for the ones 10-30%+
Remember this is what I said:

"Super low floater had very good e/r after the close Friday.
It has huge solid whites all through its yearly charts.
In '04 it ran from 6 bucks to 50 in 2 months .
Last e/r 7/16 it opened at 7.80 and closed at 10.72 "

Solid white candles every so often in a stocks chart throughout the year(s) is a great indication of a stocks "runability".

This knowledge I have of big runners potential has not come easy.
I have studied literally thousands of stock charts over the last 2 years.
The way many folks spend hundreds of hours on devising filters,instead I use my time on studying price and volume moves on stocks that have done it before.

Today I felt the same very good risk/reward on the one we talked about the other day, POTP
These kind you wait for green and take your chances if you have confidence in your method of trading

13th_floor
724 posts
msg #55771
Ignore 13th_floor
10/17/2007 8:32:09 AM

Jr,

SOYO was real nice,good one
You caught it right on a day where news was released,may have more left.

POTP zoom zoom again today!!!

jrbikes
624 posts
msg #55787
Ignore jrbikes
10/17/2007 6:52:51 PM

I understand, I have also spent a considerable amount of time looking at penny charts to determine what causes the runners to go from say, .05 to .30 in a matter of days, and the chart always looks the same, SOYO was one of them, but to call one on the exact day like you did, well its pretty cool, I dont know why, but I do know this, the market is mesmorizing! I have this passion for pennies, I guess because I got my butt handed to me last year, so I decided to just track and post, I have decided on one filter and one filter only, thats where I got SOYO, now its just working on the accuracy, SF is not really accurate and it misses some! I took the advice of a friend who said, find one pattern and master that and you will make all the money you want! I look back over the last 4 years and I realize, She was right!

jrbikes
624 posts
msg #55788
Ignore jrbikes
modified
10/17/2007 7:31:02 PM

I now know this filter is the one!

BLLN 25%

SOYO 50%

FDRA a bunch of %

AAGH a whole bunch of %

( same freakin filter I started with 3 years ago, but like I said, I found SF and it was all down hill frome there ) newbies beware!

GLE, WITM, CALVF, watch em!



TheRumpledOne
6,358 posts
msg #55789
Ignore TheRumpledOne
10/17/2007 7:37:29 PM

Please post the filter.

jrbikes
624 posts
msg #55791
Ignore jrbikes
modified
10/17/2007 9:37:30 PM

standard penny filter



Fetcher[Price crossed above EMA(18) in the last 20 days
close between .01 and 1
close greater than open
RSI(14) above 50
Momentum(12) above 0
Volume above 250000
EMA(18) above MA(35)
]



I just use 20 days because these seem to run on a 2 to 3 week time frame!

Standard Support and Resistance rules apply!
3rd times a charm

change the price to your liking

pull up some of the China stocks that have been trading crazy and you can see the pattern also!

oh yeah, about 2 years ago, Rump helped me with part of this filter, I just had to figure out a few missing links that only comes from frustration and dedication!

Also use the MA(200) as a support and resistance tool!

jrbikes
624 posts
msg #55792
Ignore jrbikes
modified
10/17/2007 9:50:06 PM

I have deleted all other filters and use only this one in all price ranges!


All stocks are crap!

Past performance is no guarantee of future performance

These statements have not been evaluated by the Food and Drug administration, (oh, sorry, I got confused)





predator
8 posts
msg #55801
Ignore predator
10/18/2007 8:20:49 AM

jr. thanks for sharing


predator

13th_floor
724 posts
msg #55826
Ignore 13th_floor
10/19/2007 7:06:11 AM

Hi Jr,

Talk about a crap stock, look at SHRP.
After these get smoked awhile and they start to trade up(green) they can run real good fast.
You get in, take your profit and don't expect it to run for days.
Like you said most penny stocks are crap.

From yesterdays SF (non) chat:

(09:31:32 AM) 13th_floor:watch beaten SHRP at 2 bucks now
(09:42:41 AM) 13th_floor:2.32 gooooo,,,, right off 2.01
(10:19:27 AM) 13th_floor:SHRP 2.67,,,,jr where are you??
(10:38:25 AM) 13th_floor:SHRP 2.75
(10:39:19 AM) 13th_floor:2.83 !!!!!!!!!!!!!!!!!!!!!
(10:43:15 AM) 13th_floor:2.90
(10:47:48 AM) 13th_floor:3.02 ... 50% i'm taking it in hour

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TheRumpledOne
6,358 posts
msg #55830
Ignore TheRumpledOne
modified
10/19/2007 8:53:52 AM

Fetcher[
/* jrbikes standard penny filter */

Price crossed above EMA(18) in the last 20 days
close between .01 and 1
close greater than open
RSI(14) above 50
Momentum(12) above 0
Volume above 250000
EMA(18) above MA(35)

/* profit checker display - long only */

set{ LongProfit, high - open}
set{LongDays, count(longprofit above .05, 100) }
add column LongProfit
add column LongDays
and add column cma(longprofit, 100)
]




Thanks for sharing, jrbikes... I added my Long Profit Display to your filter above.


Fetcher[
/* TRO PENNY CRAP STOCK PICKER */

close below LOWER BOLLINGER BAND(20)
close above open
Volume above 250000

/* profit checker display - long only */

set{ LongProfit, high - open}
set{LongDays, count(longprofit above .05, 100) }
add column LongProfit
add column LongDays
and add column cma(longprofit, 100)
]



Looks like when these catch GREEN, they really pop!

I looked at the SHARPER IMAGE chart and had an idea... thanks for sharing.

StockFetcher Forums · General Discussion · penny crap pick IV<< 1 2 3 4 5 >>Post Follow-up

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