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Thanks Rob, for finding something positive to say after a negative score! While I don't mind epithets like Colossal, I fully expect to lose my 3+%, but I hope to stay clearly in the green. You won't be surprised when I say you do a marvellous job. Watch out for overcommitment, though. Every day a ranking, even without a commentary, can be taxing enough.
And after one week, I'm still married to CELL for the POTW! (CMCO was 9 weeks!)
Regards,
Karel
My Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
Okay, Kat-man, thanks for bringing it to my attention.
Here's the list so far for the start of the week. Again, if I've missed anyone, give me a shout here.
Bean Stocks: ALNY long
BoSox Jon: DIET long
Dakat: BGO long
Gary: BLKB long
Jiesen: $ Karel: CELL
Mimo: $ Pete H.: GFX long
Rob: IMCL long
Scifos: $
Skiracer: AITX long
Spikefader: ECR short
TFred: VC short
Originally posted by Karel
Watch out for overcommitment, though. Every day a ranking, even without a commentary, can be taxing enough.
Thanks for the words of wisdom, Karel.
Originally posted by Karel
I don't mind epithets like Colossal . . .
Thanks for showing me a new way to understand the word "epithet" too. I always thought it only meant calling someone a derogatory name. But I looked it up and discovered it has additional meanings as well (... he said, waxing somewhat philological).
You're right, Spike, I do like it! I like that you seem to see good technical reasons to like IMCL's possibilities, although I must admit I don't understand the "falling wedge" pattern or why it might be perceived as bullish. Of the few technical indicators I do understand, I like the fact the 50-day EMA recently crossed above the 200-day EMA to perhaps signal an imminent end to this year-long base. I primarily like the stock for fundamental reasons though, including the fact that the company appears to be entertaining buy-out prospects. I also see Erbitux taking some of Avastin's market share in first-line colorectal cancer treatment in the near future, in addition to the fact that Erbitux has just been approved for use in cancers of the head & neck, for which sales of $400 million per year are projected. They've also got numerous phase three trials in other important indications, some for which the results are due out the second half of this year.
Rob I usually post my pick later after I had a couple of cold ones, that way not being able to aim as straight I'm not Imfluenced to throw at certain symbols but I'll be gone untill Mon. morning and like to help you get set up. Billy Joe Is back so we should be at 28 or more players.Good to see you back you can keep Lye and Webs under control.Think I'm next with a knee thing?
Jim, you are not the only one. But some of the technical crowd maintain that TA works just as well for the penny stocks. Could be, but with a stock that hardly trades $100,000 a day, anything can happen. I would prefer a $1M minimum daily dollar volume or something like that.
Regards,
Karel
My Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
Jim
I couldn't agree with you more. I've stated on a number of occassions that we should have some limit on the price of our picks. $5 or maybe even $10 as the bottom line. If you go back over the past several weeks you'll see an increasing amount of picks that are substantially under $5 an some under $2/3 range. This past weeks winner was under $2. Now I really don't care one way or another but if a $2 dollar stock moves .10 there's no way you can compare that to a $40 stock moving $2. I think that people want to win an it is much easier to get a very low priced stock to move a few cents to get that bigger percentage. I threw AITX in there this week just for that reason. If you go back and look at my picks over the past several weeks most of them are all over $10. But it's a game and that's all it amounts to. If you would llike me to select another higher priced stock just request that I do that an I will. Maybe others will follow suit.
It's a coincidence but I was just getting ready to post a suggestion that some weeks we try running the game with a $10 or $20 dollar limit as the bottom just to see how it goes. I really do hate to see those real cheap picks because I don't think it is the same as picking a $20 or $30 dollar stock and getting a $3.00 move out of it. Check last weeks final scores and see how many picks were under $5 or $3.
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