Riding the ramps

[Kauri]

I have, and still do, trade in these possible ramp stocks. I run a nightly scan on sub 10c stocks looking for an average vol increase over a couple of weeks that doesn't move the SP too much. Once I have one I check through the usual suss forums to make sure there is not much chatter about it. One with some sort of ann coming up soon as well as the above is even better. See chart 1..
Next step is I place it on an intraday alert for price and/or vol and also watch the suss forums for "enthusiastic " posts. If it starts lifting off on this sudden burst of usually unsubstantiated rumour/inside info type of posting I jump on. Am allways out the same day. sometimes it goes on, but the norm is 100%+ on the first day, and I am happy with that. See chart 2....
P.S... Megamillions is no longer needed in the current climate, $500,000 spread over 1 month is by my observations more than enough, so long as it is large enough to show up as unusual. Nice return too...

 

[spottygoose]

watsonc - I am one who has reposted YT's post (YML) onto another forum, with his name used as the credit - not taking the credit myself.
I have done this because I thought it was exceptional research which could be appreciated and shared by others. The figures were accurate and reflect the future potential of the stock. Is that ramping or sharing information?

With all due respect Canny the post you refer to was definately sharing information, however your next post:


"This has $1 written all over it - and I remember what happened when MMB said "we know nothing" - they released results 4 hours later and flew to a dollar!"

may well have been the former..... I am not saying you ramped it but another poster in reply to your post then turned that into "it will be a dollar this time next week" and proceeded to post that on 3 or 4 forums where a bunch of others started the "get on board, I'm stocking up blah blah blah thing".

I think the sad thing is with YML is that it started from a basis of great research and became a bit of a monster.

 

[canny]

Yep - the rolling stone, gathering moss!!

I suppose one thing leads to another and we get excited about the prospects - and then someone else gets MORE excited and so it goes on!

The YML figures that YT ran still seem to be perfectly legit and achievable - (70c as a very conservative value)so this is certainly a case where I really don't understand the fall back.

One thing I AM noticing, is that a lot of companies are putting out extremely 'boring' announcements. Figures are released with not the slightest attempt to let the layman understand what the heck it all means.
If they paid more attention to HOW they announce results, they might find more interest in their stock. I think the YML early figures probably fell into this category somewhat and a ho hum response came in form the market.

It's also a known fact htat we get the 'buy the rumour, sell the fact' scenario quite often. Again, too much enthusiasm cruelled this one.
I'll be interested to see if they can pull it back up with the next round of results!

 

[YOUNG_TRADER]

Not a bad idea maybe a bunch of us could get together and do the same thing...I'm always up for making some $$$ and I'm not sure it's breaking any laws???? And I think it says in the bible "a fool and his money are easy parted" so maybe we'd be doing gods work 2?

ROFLMAO, especially at your justification, I can just picture

(Asic Tribunal) "Mr Kgee do you have any words to say in your defence for securities manipulation and fraud?"

(Kgee) "I was doing the lords bidding"