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dog
08-16-2005, 01:43 PM
Today looks like a buying opportunity. Are people taking advantage of it or too scared to buy in?
8O

deepinwonder
08-16-2005, 02:34 PM
I'm worried and would like to load up on some stocks that don't have the hedgefunders' or mutual funders' grubby mitts all over them... it's beginning to seem like investing side by side with them is a lot riskier than taking a chance on smaller stocks, or am I wrong on this?

Wonder what to look for to avoid them? Small dollar amounts??

The best stock we have going this week is some penny stock my husband found in the gas fields, QOIL. It is rocking and they just put out a press release yesterday that they hit a gusher. I laughed when he first told me he was buying this stock, but he is getting the laugh on me, now. Touche! lol

dog
08-16-2005, 05:55 PM
I think one can still run with the big dogs as long as they are willing to dump earlier than may appear to be the right time. Of course this may take a bit of market timing which is more of an art than a science...err, OK it is all art :lol:

There are signals and trends that predict tech will get stronger into 2006. So buying "best of breed" on the dips like today may be a safe bet. The biggies want a piece of this action too so they will sooner or later pump the sector up higher. They will most likely not dump right away until the trend flattens out.

I am betting on this trend that good sales are yet to come/continue. Once the trend hits full swing and you see large blocks of buying going on then it is time to think about when to dump. Volume is the key. Once volume purchasing starts the wave is nearly over. (Don't try to time the peak down to the hour you will always lose!!!) Once the average volume starts flattening out then you know you are nearing the peak and it is time to watch carefully and keep your finger on the SELL SELL SELL button. If you are a cautious person you will probably want to dump as soon as you get the feeling the peak is near.

As for oil. I'm not sure if I personally want in that sector. I think it is a hot potato and may succumb to pump-n-dumpers. The ammount of hype oil receives makes me think the biggies want to pump it up so they can dump it.

deepinwonder
08-16-2005, 06:58 PM
Hey, dog, thanks for the tips!

I am a bit more familiar with the energy stocks and did ring the register on a few of mine, before they started dumping. That was due to paranoia and wanting to stay ahead of the hedgies, more than anything else. I am not sure where the bottom is on this sell off in the market, in general, and that's what has me worried. Our ticker looks like a war zone.

I also just bought two new stocks which dove right after I got them. The only one we have doing well this week is some penny stock my husband took an informed chance on and they hit pay dirt, or should I say a gas gusher? ;)

Tomorrow is a new day, maybe things will look a little more promising. If not, then I'm going to wait.

Yaya
08-16-2005, 10:10 PM
How do you find the stocks $20 or less?

Also, what is going on with TEX? I should have dumped when I had the chance but I guess I was being a pig...oink, oink :cry:

deepinwonder
08-16-2005, 10:48 PM
I've been finding some picks under $20 in energy and gas, also from First Call's Analysts favorite stock list that comes out every Tuesday. That has quite a few from a variety of sectors.

Another place to look is Investor's Business Daily. You have to pay to see that online, but you can sign up for a free trial and check around on their website. They'll send you a free newspaper to look at, too. It might be worth joining.

Also, thestreet.com has a section where they focus on stocks $10 and under. I didn't get much out of that, just did a free trial and canceled.