Stocks

[Pwong8543]

EAG & AOBO

Posted EAG (Eagle Broadband) a while back. It came out with medicore financials and the market took it from $1.80 to $1.55. I think it managed to shake out the weak holders. It is back over $1.80 and the chart looks great.

AOBO (a Chinese biotech company). Was at $4.00 on the breakout. Now, $4.35 and good volume.

Any comments?

Pwong

[suprasass]

EAG

EAG has a sweet chart. was in coslidation for a while and now breaking out.

Pwong, whats your target on EAG?

[wallstreet]

Pwong,

Is that low and high right on AOBO? 3.34 to 4.35 on 200k volume??? Doesnt look right..

One thing I like a bunch on AOBO is the 52 week range, it is at the 52 week high right today..nice job!

These small cappers are really getting some action, especially in the biotech and telecom area.

On EAG, looks like a very nice breakout past Nov highs, volume not large for the move but if someone trades on breakout stocks, there are many and this is one of them.

Many times buying stocks that are breaking out of 52 week highs can be very very profitable...stocks like this, JDSU, NT ones that have much more to go, shaking off the shorts and making new highs is very very bullish.

Notice the same stocks keep going up and it isnt in panic, it is steady intra-day movments.. In hyper markets like this it is easy to play the momentum stocks that trade with rational and avoid the stocks that are getting hammered. If you are going down in this bull market there is little hope for comfort if we slow down..

I could have 50 stocks that are doing nicely, it is so hard to keep track of every single one!!!

[Pwong8543]

EAG

Supraass

I must admit, I play the breakout a bit instinctively. So long as the volume is good, I keep it and place some mental stop losses.

Right now, I try to keep the stock within 15-20% of the current price. This might be wider than some people put stops, but this stock is pretty volatile and I don't want to get stopped out because of an abnormal move in price to the downside.

[Pwong8543]

Suprasass

Sorry for the typo on your handle. Not meant to be insulting, just a bad memory.

PWong

[checkers]

Wallstreet.. your info is greatly appreciated!
Do you have any OTCBB stocks in mind to buy @ this time?
Thanks

[wallstreet]

Checkers,

I think Savage is the OTCBB guru..I have a sector or two that I feel great about but the OTC kiddos arent where I am focusing. I think there are 3 or 4 people here who have a great pulse on the BBBBBB stocks.. Memphis does, Savage does and a few people who posted here today do.

For me..man how can you not buy the strong stocks?

If you had bought JNPR near the open, stock has almost run another 2 bucks since the open. SONS about a 10% turn since the open, TERN a 10% move since the open, VTSS a 10% turn since the open. To me you have to buy the stocks that are moving intra day, and the follow through will be there for these stocks. Some have dipped then jumped, look at WRLS, a nice move intra day off lows. Same goes for stocks like FIBR, IVAN..the list is long.

I was looking at the yahoo finance top % gainers list and damn it if there arent 25 stocks up almost 15% today..the market is hot and strike when it is hot.

As for the BBBBbbb stocks, money is moving there too..I would check out the pinksheets.com if you want a running list of the movers there. If the market gets dull and nothing happens, then I somtimes look at the little guys, but right now my sector is on fire and it has been keeping me ultra active..I dont have enough money to buy the stocks I want..lol


edit) I bot a little JDSU at 5.15 to see what can happen for today. if she drops to 5, I will sell..might have been early, but what the hell, lets see where she goes!

edit2) Not so hot looking, sold and got out..lost about 40 bucks including commish..

[BiloxiUMreb]

Street

When you've got too much time on your hands take a look at the action of RBAKD (f/k/a RBAK). Kinda cute. Staved off delisting in Q3 2003 in T/R of $.24-$.45....Insiders (I think) and insitutions tried really hard to prop it up (rallied to $.92-$.94) in VERY short order. Spent two weeks in T/R from $.45-$.92 like a yo-yo. Finally, in Q4 failed in its attempt to maintain CMP of $1.00 closing year in the $.55 range. Q1 2004 effected reverse split 1:73.39 and this week has rallied to $10.00+ looking, on the surface, like a high flyer (before this week had traded in the $8.00 range) so in the very short term appears to have exploded up by 25%. But, even at $10.42 (earlier today) this dog is trading at a pre-split adjusted $.142....

Just pointing this out because there's another one out there following in virtually the same pattern....GOAM....Earlier today up $.16 to $.65 (I think). Not marginable so don't think there's any way to capitalize, but I think we'll see a fierce attempt in coming weeks to prop this pup up to a buck. Took a flyer that it'll find a T/R somewhere between $.40 and $.85-$.90. Been kinda busy today so I'm not even sure what it closed at...Interesting though

[wallstreet]

Biloxi,

I know all about RBAK both with and without the DDDDD

LOL

I was belly aching about them in my last stocks thread that I was there when the thing started trading again, after the reverse split and it hit 6 bucks..damn it and I sat on my hands and watched from Level II doing nothing..

And I know all about GOAM too, Go America.. I would throw that in the same boat as ICGE and others, meaning has-bens that ramp up from time to time. I think they are great for bubble gum trades, meaning they arent a large % of ones portfolio and the knowledge is that they could easily jump over to the OTCBB or worse at any time..

How about this one.. MUSEE.. MUSE was delinquent with a filing and the stock got creamed..they will do the filing required but in the mean time the stock has rallied almost 50% from the lows when the E came on.

I have my worries about RBAKQDE all of them..lol that they just did a reverse split and if they go much higher they will toss out a bunch more shares to get more $$$$$ in and I dont think that the holders will like it much. But it is a great momentum play..Out of all the little optic guys I would rather own MRVC and I have and will again..they have done zero reverse splits and have been sitting biding time doing well, but not exploding. MRVC is like a CMGI of optic/network stocks..they are an accumulation of like 20 little companies all ran by MRV..they can get spun off as they did with LMNE (Luminent) and when the market went bad, MRV bought back LMNE for less than 50% of what they floated it to the market at.. The company has a bunch of losses, but that is due to the horrible Optics group over the last 3 yrs..I like them quite a bit and they havent done a 20 or 35 to 1 reverse split..keep that symbol on your list..

Gotta run..