http://www.timothysykes.com/2010/02/a-great-lesson-for-buying-hot-penny-stocks/ How To Trade Penny Stocks Without The Stock Promoter BS Thu, 09 Feb 2012 06:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.timothysykes.com/2010/02/a-great-lesson-for-buying-hot-penny-stocks/comment-page-1/#comment-156267 Don Tue, 09 Feb 2010 18:56:00 +0000 http://www.test.timothysykes.com/?p=9911#comment-156267 From 3.05, my assumption of 2.70 is a bad fill. It took 20 minutes for the stock to bottom in the 1.80's. Are you saying one market order for 15K shares would have pushed it there immediately? Eyeballing the chart it looks like roughly 600,000 shares were traded during this 20 minutes. From 3.05, my assumption of 2.70 is a bad fill. It took 20 minutes for the stock to bottom in the 1.80′s. Are you saying one market order for 15K shares would have pushed it there immediately? Eyeballing the chart it looks like roughly 600,000 shares were traded during this 20 minutes.

]]> http://www.timothysykes.com/2010/02/a-great-lesson-for-buying-hot-penny-stocks/comment-page-1/#comment-156264 Anonymous Tue, 09 Feb 2010 16:48:00 +0000 http://www.test.timothysykes.com/?p=9911#comment-156264 No Don, the stock dropped too quick so anybody with more than a few thousand shares doesnt get good fills No Don, the stock dropped too quick so anybody with more than a few thousand shares doesnt get good fills

]]> http://www.timothysykes.com/2010/02/a-great-lesson-for-buying-hot-penny-stocks/comment-page-1/#comment-156262 Don Tue, 09 Feb 2010 15:53:00 +0000 http://www.test.timothysykes.com/?p=9911#comment-156262 I understand that stops aren't foolproof, but in this case a stop would have saved the trade. A 5% trailing stop would have been triggered at about 3.05. I expect the spread was large so maybe the fill would have been less than 3. 5 minutes later the stock was still at 2.70 so surely a market order would have been filled by then. So at worst a small loss and probably a small profit, I understand that stops aren’t foolproof, but in this case a stop would have saved the trade. A 5% trailing stop would have been triggered at about 3.05. I expect the spread was large so maybe the fill would have been less than 3. 5 minutes later the stock was still at 2.70 so surely a market order would have been filled by then. So at worst a small loss and probably a small profit,

]]> http://www.timothysykes.com/2010/02/a-great-lesson-for-buying-hot-penny-stocks/comment-page-1/#comment-156260 meo Tue, 09 Feb 2010 15:26:00 +0000 http://www.test.timothysykes.com/?p=9911#comment-156260 EVERYBODY saw that dump coming.... NEVER walk away from your computer when your long a p&d! holy crap.... finger on the trigger at all times, dont trust a stock. period. EVERYBODY saw that dump coming…. NEVER walk away from your computer when your long a p&d! holy crap…. finger on the trigger at all times, dont trust a stock. period.

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