GZGT
GZGT 2.20 again with monster volume over 3.5 mil shares traded today. At this rate, I think it could go to $2.75-$3 before I go to China on next Wed. I hope the best and wish no hard shakes before I leave. I added 3K more yesterday, I've put 50% of my capital into the stock, really don't need to trade anything else for now.
Tracking GZGT:
http://charts.dacharts.com/2007-05-31/small135.png
About ten days ago, some ET fools bashed me right after I said this below and they made me left ET, what a bunch of morons, all they missed is a very safe and confident trading opportunity they would have ever dreamed of. I am in and follow my trading plan, eventually will lock in the profit, turn knowledge into power!
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PennyTrader 05-18-07 11:41 AM
Here is a short-term (60-90 days) play for me, this is a new microcap IPO: GZGT at 1.86 x 1.87. This is not TUBR/ESRG type - not one week play, it takes longer time to move.
I am getting 2K shares at $1.87. I believe this stock won't trade lower than $1.75 in the short-term because its starting price was 1.75 about two days ago, it should see $2-3 before see the low again. This one will be very very slow like a turtle, might go up 0.01 or 0.05 a day, then a quick shake could go down 0.20 or more n minutes, this is very typical, this is not a daily scalping play, just buy, hold, and pray for me.
But I must make a disclaimer - I am not suggesting you to buy it, because this one is just starting, it doesn't have 1 million shares traded yet, few knows the stock, if you buy, you could have a hard time to sell if no volume support. If over millions of shares traded like CVDT had, you could make a trade. For me, this is just a position trade.
It's chart should follow what CVDT did, when volume kicked in on CVDT (10 mil shares traded/day), it popped up big.
18 comments:
Added up to 1000 shares with average price 2.10; and trailing stop very tight at 0.038 to sell all.
The last trade price on my IB showing traded at 2.16, does that mean the dumping started already?
OTC/pink stocks are NOT trading in after hours. Look at the chart and prints. It is late reporting of 500 shares, it was traded many hours ago, missed to report during the day. The last trade was at 15L59 at $2.38. You're so neverous.
Chart:
http://charts.dacharts.com/2007-05-30/smallk09.png
Time and sales:
http://charts.dacharts.com/2007-05-30/smallk10.png
Take it easy. I am telling you from my past experience on every other single stock ran like this, they all pullback at the round $ number. And in all cases, after the consolidation, they build a second leg and goes higher. As I said, this is not ESRG/TUBR, it is running by different group, differnt styles.....
Look at GHLT/CVDT charts, this one shall mirror both. If you cannot get both charts, I'll post them for you.
BTW, do you have level 2? This is its level 2.
http://i17.tinypic.com/4yfjkmg.jpg
GHLT:
http://charts.dacharts.com/2007-05-30/smallk11.png
CVDT:
http://charts.dacharts.com/2007-05-30/smallk12.png
Thanks a lot PT. I guessed that could be something unusual(after hour one move to 2.16). I do have level II on IB, but IB does not display anything for GZGT's level two (other larger stocks ok), I guess due to their restrictions?
PT Oracle,
GHLT went to over $9! but now it's less than .15c? DO you expect this stock to run up the same with the crazy peak?
Oh and have you found anything out about that trading broker? I am concerned about the structure. I know people that have been taken by schemes in the past. These so called investors that invest $100k to $500k etc... Maybe you have some answers that can anser my concerns.
Expect price patterns repeat again and again, that's what we could make $, but don't expect price would be the same. As a friend always tells me, doing the same thing over and over, expect different results.
As I said many times, these are OTC BB stocks, they're not NAS stocks, trading strategy should be way different. ALWAYS sell on the way up and don't try to sell it on the way down, it would be too late. Sell when there is a strong demand for shares. It doesn't matter to make a $100 profit or $1K profit, profit is profit, never regret sell too early, the only regret would be you didn't sell at all, cheer for it, when it goes down, you let profit goes away.
Anyway, that's my trading strategy, it works for me, might not work for anyone else.
May 31, 2007 9:47 AM
GZGT now @ 2.495 with 4 million shares traded, don't say you couldn't sell 1K shares and didn't make a profit, you should be able to sell 1K shares instantly. Anyone bought it at $2.10 or below should have made 20%.
$#!T My acct is locked I can't buy now for several days! Any news on other brokers PT?
Good call on GZGT.
Nope, I've heard nothing about that broker. I posted a comment there last night. Look that thread. I sent an email to him, he didn't reply back.
GZGT 2.60, almost 7 million shares traded, looks like it could have 10 million shares traded, it is heading to my target by Tuesday, IMHO..
I grabbed a few FITX shares at 1.20s, I have no ideas about how it would go. It is the first day, will hold and see...
GZGT possible heads to 2.69 finish:
http://charts.dacharts.com/2007-05-31/small132.png
PT,
Your 1st comment on GZGT said you thought it would go to 2.75 - 3.00? I can now place trades. Do you think at 2.62 it's too late to get in this one?
Well, it is at 2.64 now, lol, if my chart was accurate, it should finish at 2.69.
I think GZGT is trying to suck in more shorts. GHLT/CVDT went to the roof because of huge short squeeze.
There are several MMs are the shorts on GZGT, - FANC/WDCO/BMIC are the well-known shorts.
Stocky, I got an email from Dave on the new broker, I think I'll give him a call and ask some more questions.
dave to me 1:13 pm (2 hours ago)
Tim,
Sorry for the delay in getting back with you. Regarding your questions:
1. Yes, you are able to trade OTC/Pink sheets through these accounts and actually you would receive the equivalent of 2.5:1 on your $$ for all non-marginable stocks.
2. The primary route used for OTC/Pinks is DOMS and the clearing firm is indeed Penson for each broker utilized by the private capital groups.
Please feel free to contact me directly with any questions. I can be reached at 1.866.473.5069. You may also chat with me via our website's LiveSupport feature.
Okay, GZGT 2.80, I am starting to reduce my holding.
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