For bottom pickers and knife catchers

[Sean K]

...and DJS? It's had a fairly strong intraday rally. Is that good or an opportunity missed?

Interesting. $2.00-2.50 ish looks like some decent support.

Unfortunately, support has just been a speed bump the past year.

 

[It's Snake Pliskin]

I took a small position in LEI today according to my strategy which is not revealed in my comments here. I may be out tomorrow but who knows.

This is not advice and do your own research. Learn your own method for trading.

 

[MRC & Co]

I took a small position in LEI today according to my strategy which is not revealed in my comments here. I may be out tomorrow but who knows.

This is not advice and do your own research. Learn your own method for trading.

So what is your strategy Snake? I would be interested to hear.....

 

[It's Snake Pliskin]

So what is your strategy Snake? I would be interested to hear.....

Mrc sorry for the late reply,
I'm still in it and waiting for tomorrow. Basically I had a setup present itself. Just taking advantage of conditions and some potential rises. I don't like the look of yesterday's bar to be honest.
Cheers..

 

[MRC & Co]

Ah k, but any hints on the actual setup?

 

[It's Snake Pliskin]

Ah k, but any hints on the actual setup?

NO. Sorry, it will render it useless.
I am still in and I expect to be stopped out unless there is a push up from here.

 

[It's Snake Pliskin]

Out of that stock yesterday only to see it up a bit today.

 

[MichaelD]

Bottom Picking:
66 open trades - 9 showing a profit, 57 showing a loss
2 closed trades
Total Open/Closed loss 43.5%

Mine:
46 now closed trades - total closed loss 28.2%
19 open trades - 6 showing a profit, 13 showing a loss - total open loss 1.8%


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Bottom Picking:
59 open trades - 3 showing a profit, 56 showing a loss
1 closed trade
Total Open/Closed loss 50.3%

Mine:
37 now closed trades - total closed loss 21.7%
18 open trades - 2 showing a profit, 16 showing a loss - total open loss 3.7%

-----

Bottom Picking:
59 open trades - 4 showing a profit, 55 showing a loss
1 closed trade
Total Open/Closed loss 50.8%

Mine:
37 now closed trades - total closed loss 23.1%
19 open trades - 3 showing a profit, 16 showing a loss - total open loss 2.3%

-----

Bottom Picking:
57 open trades - 7 showing a profit, 50 showing a loss
1 closed trade
Total Open/Closed loss -41.0%

Mine:
31 now closed trades - total closed loss 20.9%
18 open trades - 3 showing a profit, 15 showing a loss - total open loss 3.0%

-----

Bottom Picking:
57 open trades - 20 showing a profit, 37 showing a loss
1 closed trade
Total Open/Closed loss -11.7%

Mine:
14 now closed trades - total closed loss 4.0%
19 open trades - 7 showing a profit, 12 showing a loss - total open profit 4.0%

-----

Bottom Picking:
57 open trades - 23 showing a profit, 32 showing a loss
1 closed trade
Total Open/Closed loss -6.8%

Mine:
13 now closed trades - total closed loss 3.6%
19 open trades - 9 showing a profit, 10 showing a loss - total open profit 4.0%

-----

Bottom Picking:
51 open trades - 24 showing a profit, 27 showing a loss - total open loss -4.1%

Mine:
7 now closed trades - total closed loss 1.6%
19 open trades - 7 showing a profit, 12 showing a loss - total open loss 0.6%

 

[nomore4s]

Just for abit of fun SSM x 10,000 @ 25c, will monitor closely though.

Looks like a bit of an over reaction but who knows. Massive volume yesterday and already nearly 3 million traded today which is very high vol for this stock

 

[It's Snake Pliskin]

Out of that stock yesterday only to see it up a bit today.

LEI seems to be holding above the bottom recently sighted.

 

[Julia]

LEI seems to be holding above the bottom recently sighted.

I'm still staying out of LEI. Down today.
WOR is making a good recovery at present.

 

[Garpal Gumnut]

I'm still staying out of LEI. Down today.
WOR is making a good recovery at present.

Please tell me about LEI.

They've always too expensive for me.

gg

 

[Julia]

Not sure what you mean by "too expensive", gg. (currently about 60% off their high).
Aren't you investing X amount of capital? What difference does it make how many shares it buys?

 

[enigmatic]

Havent read this thread for ages however there must be alot of sore hands by now with all these people missing the handle and getting the blade straight through the hand.

The only one that i want to catch is CSL but not to sure you could call it a falling Knife it is bouncing up and down all over the place... but it has been running down hard as of late against the trend of the market.

I could be wrong as I'm a newbie when it comes to charts but that looks like a good support/resistance line

 

[lionfish]

Hi Enigmatic. Yes. Your analysis looks spot on. I too am watching csl and had marked the same spot.

 

[enigmatic]

Good to know I'm not the only one seeing things.

 

[jonojpsg]

Just for abit of fun SSM x 10,000 @ 25c, will monitor closely though.

Looks like a bit of an over reaction but who knows. Massive volume yesterday and already nearly 3 million traded today which is very high vol for this stock

Hey nomore,
Just checked this one out and looks like you made a good call on it You out yet?

 

[prana]

caught wor at 12.5, waiting for an exit call. Missed out on lei.

 

[nomore4s]

Hey nomore,
Just checked this one out and looks like you made a good call on it You out yet?

No not yet was always brought as a longer term hold, went ex d/e on Friday (hence the drop) so have 3.5c d/e in the bag and will now see what happens. Want to see some sort of basing pattern though.

 

[Sean K]

I'm adding KMN in at a bottom again, which was my one buy and sell in this thread earlier. So, Michael, please add my dirty finger pick at 6.9c!