re:"spd,.. I ONLY, "Trade" SD with fairly,.. "Tight sell Stops" !
I "Invest" seriously in Dividend paying,.. CEF's /ETF's !!
Stock and Bond Funds, and "Live" off the Divy's !"
Me too. I just bought quite a bit of shares today in CFP and DHF.
I'll probably jump back in SD tomorrow.
Take care Doug and good luck with your investments.
Correct and unless our government steps in to limit these fracking wells, these companies will simply drill new wells in due time.
re:"We are over 7 billion energy hungry humans on this crazy planet, with more humans on the way."
However, some of these humans have figured out a way to extract a lot more oil out of the ground which has now exceeded our current demand. Supposedly, gas prices this summer are expected to be the lowest in nearly 6 years. I would be careful trading SD.
You might want to keep an eye on DWTI. It's an ETF that shorts oil by 3x. It was up nicely today. I was about to buy it yesterday at 85. (Missed it by 55 cents.) It's extremely volatile so be careful if you decide to play it.
If you think this is going back to a buck you better prepare yourself for a very very long wait cause it ain't gonna happen. Maybe with the help of a R/S. TALK is only one tick away from hitting rock bottom, ( .0001) it would have to climb 1000 fold to get back to a buck.These type of stocks only move in one direction...down.
Better luck elsewhere.
How have ya been? I've been doing pretty good the last couple of days. I'm about ready to unload some more shares in my ISCA stock. Lookin at a decent profit in that one. Just unloaded my RSO today for a nice little profit. Bought yesterday at $4.45, sold today at $4.52.
As far as MPET is concerned, I would be extremely careful. Yesterday's dip to .37 looked like a good entry price for a bounce. Too bad it has dropped another 30% from yesterday's low. Looks to me like MPET is only good for a trade. It might be worth a gamble if you can get in at .26, but be ready to unload on the next bounce. That's if there is another bounce.
Take care D and good luck if you decide to get in.
That's what someone once said on another stock I followed many years ago. You may have heard of that stock. The stock symbol began with the letter V and ended with the letter T.
Good luck D.
Well, seeing how poorly MM performed today, I'd say the corner they turned must have been one of those turn around circles you see a lot of in England.
Yesterday's jump in the A/H's and again in the first hour or two of trading this morning was, IMO, nothing more than the specialists propping up the stock price in an attempt to unload shares onto unsuspecting investors. And before anyone can say the only reason MM sold off today was due to the Markets being down big time, my answer to that is if that was the case than MM would have been in the red all day with the Market. The NYSE was down well over 100 points at the opening bell. MM was in the green for a couple of hours.
The specialists are methodically selling off this stock. You better get use to this one step up, two steps back scenario. Treat it as a trade.
Smart move for selling. I said a few days ago SD would find support on the next leg down at $1.45. Today's stock rise, IMO, was nothing more than a technical bounce off of that support. I think you will be correct with this retesting $1.45. I don't know about it doing as soon as tomorrow, but it will retest it. You can count on it. Congrats if you made a profit today.
Isn't that the whole point of being in the stock market....to make money?!
Okay, then tell me old wise one, what other reason is there to be in the stock market, other than to make money?
No wonder you are under water in this stock.
For the umpteenth time, I said MM's trading pattern is similar to that of the old VELT. How hard is that for you to understand?
Here is an excerpt from article I found from a few years ago proving my point.
"Millennial Media offers a mobile advertising and data platform. Millennial Media went public in March at $13 a share but immediately shot up to $25 only to steadily sink since then. However and on Friday, Millennial Media rose 9.57% to $13.63 (MM has a 52 week trading range of $10.98 to $27.90 a share) for a market cap of $1.04 billion.
And here is what they had to say about VELT in the same article.
"Velti Plc is a Dublin (Ireland) global provider of mobile marketing and advertising technology and solutions. On Wednesday, Velti Plc sank 26% after reporting earnings but on Friday, Velti Plc rose 14.38% to $6.76 (VELT has a 52 week trading range of $5.61 to $20.00 a share) for a market cap of $417.88 million."
Hopefully, MM can get back to those old yearly price ranges from a few years ago.
So far MM is holding up decently today. We'll see how it closes. Good luck nubie with your diamond in the rough.