Stocks

[wallstreet]

surprass,

Great questions.

First the gold/dollar issue. I dont buy it and I havent bought the idea of buy gold because of the falling dollar. The time to do that was about 90 bucks ago on gold. To me the risk/reward is too low and the possibility for a reversal is large. To me it is not a trade. If I were to do that, it would NOT be in the stocks, and it would not be in a gold basket or index. To get the proper leverage you need to speculate and do futures or option kind of investment. I do not advise doing any of what I mentioned though.

On NANO, when I posted my buy on NGEN back at 6, I really thought I would be holding for a large gain, but the sucker got whacked and I had to exit. I want back in badly...but as you know there is a large disparity of haves and have-nots of NANO stocks. I would steer clear of the companies that have changed themselves just to get involved in the sector, go with the companies that have been doing NANO for 10 plus years. I like all the symbols you mentioned, and NOT NANO as you know it is not a true nanogen play. Also add ALTI to your list, it is more speculative and risky, but also priced lower. And stay away from OTCBB nano plays.

Let me know what you do, and I will definately post when I do too..

[Ripped71]

Wallstreet,

Unfortunately, it doesn't trade in the US..it only trades in Canada and the symbol is SUR.

thanks

[wallstreet]

Ripped,

Check it out..

http://finance.yahoo.com/q?s=SURBF.PK&d=t

Got it for you..

Hell of a run..from 20 cents to 1.40 in the last 3 months..quite crazy! If you bot it in Canada the run is .06 to 1.90

Hold on to your hat, the stock has gone bonkers..

Seems highly volitile and wild, I wouldnt buy off a 52 week high like this, but it is definately fun to watch. What it tells me is that there is a TON of speculation in the market..

[Ripped71]

Wallstreet,

Thanks. Want to ask you one more question if you don't mind...I wanted to buy SUN MICRO at under $4.00 but now that it has rallied over $5.00, do u think it is still a good buying opportunity?

[wallstreet]

Ripped,

I do not like SUNW one bit.. what have they done the last year to tell me that they have turned a corner? Missed every quarter and said nothing to make me think otherwise.

It can and has been a great trading stock..no question and I have missed it all the way up. Until they start hitting earnings and telling me somthing different I cannot buy that stock. Every time they have earnings the stock gets crushed.. Not for me..

Good luck if you trade it, they may have turned the corner, I think they are old news and a 5 yrs ago company.

Buy JDSU over SUNW..

[Ripped71]

Wallstreet,

That is a major reason why I won't buy SUNW, since the last time I bought them..they slumped a bit after earnings.

thanks for your advice.

[soupman]

thanks wallstreet

[Pwong8543]

GOLD STOCK

If you are interested in a small gold stock, you might want to look at DROOY. It is a S. African gold mine. Quite large and benefits from the weak US$. It also has a good technical chart. I bought at $3.07 and it is now over $4.00. There is a lot left in it.

[suprasass]

Pwong

I am familiar with DROOY. right now I have some positions in gold and silver like CDE BGO WHT CBJ PAAS.

For tech stocks, the technicals look good for AZPN. I am going to wait for the next swing to get in that one.

As for nano's, good point with wallstreet saying stick to the true nano's which been in business for a while instead of ones jumpin into the hot sector.

wallstreet, how do you usually do your trading, is it more technical swing trading or more fundamentals. ??

[suprasass]

EAG

Pwong, you got me interested in EAG. by looking at the charts it looks like it was consolidating for a few and then spiked. now it is shaking a out a little and may look for another spike. Usually what happens in these shakeouts is that the public is taking profit while insiders are scooping and buying more. They then tend to push it higher.

I noticed you had a position in EAG, what are your targets and what can you tell me more about EAG

thanks

[Art]

I plan to sell more than buy here - correction is likely in an overbought market.

Rumor of a big terrorist attack in Iraq soon, to kill thousands - must involve WMD. This could further drive the market down.

[Xxout]

Wallstreet

Test

[Pwong8543]

EAG

Suprass:

Thanks for the post. I note the EAG is up .06 in pre-market this morning. If EAG can close above $1.85, it might be establishing over a 2 year high. I just watch it and look at the volume. Then I will set a 20% down limit on the stock.

[wallstreet]

surpass.

Real quick reply to the question above.

If I am trading for a few cents or a very short term, I trade on technicals only and momentum. This trade is one I get in most trouble with if I dont cut it short and move on.

Longer term trades I have to know the company in and out, then use technicals. I trade in sectors as many do here. I trade in telecoms and general tech..then track a stock, learn how it trades and try to time the channel..like I did with HLIT. I let it go too early though, but I will get another chance and I know it.

Where I have missed the most is when I traded longer term a stock I didnt know and let it go at break even or a loss, then it came back up..like SIRI and NGEN.

Speaking of NGEN, I think I will start a small position today, it just isnt getting lower and seems to be picking up steam.

[wallstreet]

Late post..

Started a position in NGEN at 11.45, it is lower now, can get it around 11.30, will add at lower levels..I consider this a longer term core holding for maybe 2 weeks.. (j/k)

Also bot a 1/4 position in NT at 6.25, will also add on timing. I like NT maybe to 9 or 10 in the next year.

Eying IVAN, HLIT has earnings in week, and I wont buy around earnings with them.

Damn CHTR wont slow down..