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XHUA - Xinhua China Ltd. - Page 9

post #161 of 3698
Every once in a while, you gotta swing for the fences, and this is that time for me. I averaged in all the way down on that last dip from late Feb to mid March, and I built myself a fairly nice sized position. It's still (relatively) small enough that if I lose it all, I won't freak out (too much) but it's large enough that if it plays out like I think it may, I'll be pretty damn happy. I did make a stupid mistake yesterday though when I tried to enter a GTC limit sell at .004 to take a small profit on the way up, but instead ending up putting in a buy order. Now I'm really locked and loaded. Lol, whoops, hopefully that will end up being a blessing in disguise.
post #162 of 3698
Tradeking won't let me buy or sell these under-.1-stocks. Who can I use for this?
post #163 of 3698
Yeah, that may be the technical way to play it, but it's not the only way. Just like my method of playing breakouts requires me to wait for resistance to be broken, on this play though I bought on weakness all the way down to support in anticipation that resistance would eventually be broken. It's more risky but potentially much more rewarding.

Quote:
Originally Posted by DayTrader View Post


Great point, lesson learned. Its higher risk getting in now before any potential breakout as this could consolidate for weeks, but I wouldn't mind day trading this to over 0.002, the volume though isn't encouraging.

Lets hope for a cup and handle to be completed.

0.0021 50000 OBB 11:27:11
0.0018 275000 OBB 11:19:17
0.0018 495000 OBB 11:19:00
0.0018 61000 OBB 11:17:35
0.0018 100000 OBB 11:15:06
0.0017 100000 OBB 11:14:56

I'm still only partially filled. Another 200k to go at my 0.0018 bid.
post #164 of 3698
Quote:
Originally Posted by dolorousdave View Post
Tradeking won't let me buy or sell these under-.1-stocks. Who can I use for this?
Zecco
post #165 of 3698
Quote:
Originally Posted by simonyadig View Post
Every once in a while, you gotta swing for the fences, and this is that time for me. I averaged in all the way down on that last dip from late Feb to mid March, and I built myself a fairly nice sized position. It's still (relatively) small enough that if I lose it all, I won't freak out (too much) but it's large enough that if it plays out like I think it may, I'll be pretty damn happy. I did make a stupid mistake yesterday though when I tried to enter a GTC limit sell at .004 to take a small profit on the way up, but instead ending up putting in a buy order. Now I'm really locked and loaded. Lol, whoops, hopefully that will end up being a blessing in disguise.
^ My worse mistake was showing how to make a buy order to my friend at work on his practice paper account when due to my three dual screens, I accidently placed it on my own account. Very stupid, but wasn't a massive loss.
post #166 of 3698
Quote:
Originally Posted by simonyadig View Post
Yeah, that may be the technical way to play it, but it's not the only way. Just like my method of playing breakouts requires me to wait for resistance to be broken, on this play though I bought on weakness all the way down to support in anticipation that resistance would eventually be broken. It's more risky but potentially much more rewarding.
I hate chasing stocks and I've yet to learn to be good at it, so I stick to this method instead.

Another thing I hate is seeing my XHUA up 16% (I'm partially in at 0.0018) when I'm not fully filled yet. It's like a part of me going "Yesss, run you bastard!" and the other part of me going "waittt, what about me!"
post #167 of 3698
Hah, DT. I can imagine!
post #168 of 3698
Quote:
Originally Posted by simonyadig View Post
I'm ranked #8 on Zecco... out of 53,700 people.
post #169 of 3698
LOL. I funded the wrong trade account, and now I gotta sit/watch and wait til monday before I can jump in on anything. What a backwards move huh, maybe a blessing/sign or just another comfirmation of my trigger finger being too fast. LOL, great viewing though!!!
post #170 of 3698
ALright, im in at .002 for this one.
post #171 of 3698
^ I hope my happy overly optimistic chart is not getting you all to buy in? I HATE drawing such charts with arrows pointing up but I was just trying to show the potential after a cup and handle. If this doesn't play out as expected, please don't hold me accountable, I think there was enough warning in each and every one of my posts regarding potentially seeing lower than 0.0015. However, if this does, and it plays out to the 0.0001 of what we're predicting, then it's all thanks to simon for a great call before this first run.
post #172 of 3698
But its still up to the individual to do their own homework BEFORE the jump in on any play. Thanks for all the heads up.
post #173 of 3698
Quote:
Originally Posted by DayTrader View Post
^ I hope my happy overly optimistic chart is not getting you all to buy in? I HATE drawing such charts with arrows pointing up but I was just trying to show the potential after a cup and handle. If this doesn't play out as expected, please don't hold me accountable, I think there was enough warning in each and every one of my posts regarding potentially seeing lower than 0.0015. However, if this does, and it plays out to the 0.0001 of what we're predicting, then it's all thanks to simon for a great call before this first run.
I like your chart, however, i do not base my buys on other peoples buys/DD. The only thing i do since i dont have a scanner at the moment, is look and see what certain members are playing, watch them a bit, do some DD and charting, then decide if i want to buy. This is one of those lotto/risky plays for me, but that's the type of person i am these days.
post #174 of 3698
Quote:
Originally Posted by rwscott01 View Post
ALright, im in at .002 for this one.
are you really find a buyer to pick up like massive shares from you when it's under a penny?
post #175 of 3698
^ Lol, well now that simon is telling us he's "locked and loaded" with a "substantial" amount, we'd have to beat him and sell before he sells and screws as all over

c'mon 0.0018's! I aint upping my limit.
post #176 of 3698
looks like a good pick! been watching it today, seems to be fluctuating alot though..
post #177 of 3698
Quote:
Originally Posted by Norlan View Post
are you really find a buyer to pick up like massive shares from you when it's under a penny?
Can you re-word that, im unsure of what you are asking...
post #178 of 3698
Yea I'm lost on that one too
post #179 of 3698
Quote:
Originally Posted by DayTrader View Post
^ Lol, well now that simon is telling us he's "locked and loaded" with a "substantial" amount, we'd have to beat him and sell before he sells and screws as all over

c'mon 0.0018's! I aint upping my limit.
Lol. Well it's not that huge of a position, but like I always say, I will be selling into strength (hopefully all the way up).
post #180 of 3698
Quote:
Originally Posted by simonyadig View Post
Lol. Well it's not that huge of a position, but like I always say, I will be selling into strength (hopefully all the way up).
Is that....confidence I smell?
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