NSMG

I'm the proud owner of 4980 shares. In at .215

Watch and weep!

Sorry!

Boy, it has been a while since I posted!!! Sorry about that!! Since I was last here some things have changed. I sold all of my positions and am starting fresh. Sold the following, all at a loss, I might add:
SWEB - 250 shares - bought at 1.14, sold at 1.01
CVM - 160 shares - bought at .96, sold at .81
OPBL - 1400 shares - bought at 1.00, sold at .47 (OUCH!!! Yeah, that hurt.)

I know OPBL did go up a bit after I sold it and that was painful to watch as well but the relief I feel to be out of that one right now is great!! Win some, lose some. I am sad I took such losses recently but these are learning experiences and I'm ready to move on. As you may recall, I purchased CVM and SWEB myself and my friend purchased OPBL for me. All were bad decisions right now.

So I will tell you that my next move is on NSMG. Watching it carefully and plan to go all in. This one could hopefully help me gain back my losses and then some. So keep an eye on things and see how I do! I'll try to get back soon and update you. I have a limit order in but the price needs to drop a bit for the buy in. As soon as I am in I'll post it here!!! Happy June everyone!!

Real quick...

Just wanted to say hello. I rarely post on a Wednesday. My holdings are all still in SWEB, OPBL and CVM. So nothing new. I'm watching OPBL like a hawk though. Waiting for that one bit of good news that will spike it so I can sell it. I feel fairly sure it will happen.

In the meantime I sit and wait. And work my two day jobs. Oh, but one is actually a "night job" as I only work there 1 night a week for the clothing discount!! Which, I might add, is 40% and that is huge when you are a fashionista like myself and have a teenage daughter AND a somewhat fashionable husband as well! The store has both men's and women's clothing. So I fell into that job almost accidentally (does anything really happen accidentally?). And I make and sell jewelry. I am working part time at a major food processing company AND I am trying to learn the stock market. In between, I'm just a mom, wife, friend, daughter, sister.......!!!

Okay, well after 2 big glasses of wine I think I need to hit the sack. I would apologize for that except look what I cover in a day! I deserve a big glass of wine! (or two).

Bye!

More and more and more...

Hi everyone! What I mean by the title today is that I continue to learn "more and more and more..." and that is okay!!
Current situation today:
Sold all 150 shares of BKHM for 2.40 today (bought at 2.39) ooooh...huge profits! (NOT!) but the reason I did this will become clear in a sec.
Friday my friend K asked if he could sell MGRM and buy something else. So we did that and then bought 1400 shares of OPBL. Of course, you may have heard by now, bad news on OPBL over the weekend. Not looking that great but ..... well, but nothing. It's not looking that great.

So now I still have CVM which is doing nothing but the last 1/2 hour of the trading day today, I got really good news on SWEB. Earnings report up 72%! This is one of my old faves. Found it a while back at it's baby stages of .80+ and it has done progressively better over the last 3 months. So I decided in the last few minutes before the markets closed, to sell BKHM and buy 250 shares of SWEB. I'm in at 1.14 and feel good about it.

I want to say a few more things, again, I continue to learn. My friend does not use stops. Actually, he does use them, but more the "mental" kind as he is by the computer all day long trading. Me, I am only by the screen 2-3 days a week max, and step away often! I'm re-thinking the stop orders. In my case, with a little trading fund to begin with, I think it's necessary. I won't lie to you, my account today, which started at $2500, is down to $1077. Not exactly what I had in mind when I started this.

But I'm still learning. I'd love any comments anyone has regarding ...... well, regarding anything at all that may help me! Just any words of wisdom, advise, etc. Or any thoughts on OPBL. Do you think it has a fighting chance? Hit me, I can take it!

Tuesday Stocks

Okay, I'm playing around with posting charts. This is not that great but I'll get better. At least I have the concept down. Thanks Laura!
This is a 5 minute chart today for BKHM. Look at the consolidation on this one! I sure hope it's a sign of a big, soon to come, breakout to the north!


I purchased 160 shares of CVM today at .9602 and will watch that for a while too. I saw it moving on the Scottrade market movers screen and then checked it out. I do that a lot lately. If one seems to be moving a lot on the screen in a positive fashion, then I scope it a bit more. Saw recent good news, volume increasing, highlights on a few small cap sites. I'd have bought more but no more money. Boo hoo!

Also was not happy to see my old friend VWPT breaking up to .83 today. For those that recall, only 2 weeks ago on May 1 I bought 1000 shares for a "fun" day trade at .45 and then sold for a loss at .43something. Big bummer!! Live and learn.

Well, now I will sit back and watch as I will not be by the computer for the next 2 days at least. I'll check out the action though, here and there. Good luck to everyone else!

Tagged!

Okay, I was "tagged" and I feel very honored! The tagger was Muddy at Green on the Screen and here are my answers:

My Five Obsessions -
1. The Internet & Email
2 Shopping
3. Entrepreneurship Opportunities (currently my website Stones on String and trading!)
4. Family and Friends
5. hmmmm....toss up between exercising and iced peppermint mochas from Starbucks...

Five Reasons Why I Blog-
1. I have a lot to say!
2. I love reading others blogs
3. Generate more publicity to my website
4. It is my trading journal
5. Not many women traders so my goal is to learn and then share with other women the secrets of my success!

Now apparently I tag 5 other bloggers. To be honest, I'm not sure if 5 people even read MY blog so hopefully they will get in on the game!
1. Shopoholics Anonymous (one of the first blogs I followed regularly)
2. Suburban Bliss (funny and real life)
3. Boogsters's Blog (inspired me from the get go!)
4. Perez Hilton (I'm shamelessly plugging this celebrity gossip blog. Love it!)
5. Trader X (seems like a nice guy and an awesome technical trader!)

Today, by the way, I bought 150 shares of BKHM at 2.39 and as it ended the day with a gain I will consider it a success. I'm treating it as a swing trade and the reason I bought it is that it showed up on my stock scan under "bullish engulfing" candlestick for Friday, May 4th. It's chart looked good.
It had some good news and volume quickly increased after the opening bell this morning. I watched it a bit and then bought some. I tried to buy more but my Scottrade account would not let me. I still do not understand why. Something about maintenence or ??? Who knows but very frustrating!

Does anyone know the best way to post stock charts on their blogs? THANKS!

Tuesday and Wednesday combined!

Very quickly I wanted to post and let you know that on Tuesday I decided to jump in and try to make a quick buck. I bought 1150 shares of VWPT. This came up on my scan data Monday night with a bullish engulfing pattern. I got in at .45 early Tuesday and sat back. Actually I did not "sit back". More like I sat rigidly upright at my computer screen for the next 4 solid hours only breaking once to wolf down some cottage cheese and quickly go to the bathroom! I was so sore and my neck was killing me!!! I tried lowering my chair, raising my chair, stretching, but was afraid to step away from the screen for any length of time. In the end it did not matter. I set my stop at what I thought was .425 but who knows what I was doing and actually I got stopped out at .4301. I actually set up a stop loss order on Scottrade and in retrospect, will NOT be doing this again on a day I can sit by the screen and keep an eye on things because as I learned the hard way the market dudes on the floor (can't remember what they are really called!!!) see that and GRAB it and you are screwed!

So let this be a little $30+ or so lesson learned. Geez!!!

I need to go back to my roots. I'm going to spend some time studying and reading and see what I come up with. I want this to be simple and easy and not time consuming but I want to make $. I am not sure if I'd rather day trade or just buy and hold a few days (swing) and maybe I'll do both. Time will tell (and hopefully my trading account funds will hold out!)

Still have MGRM. What is up with this stock????? Everything says it should move but it doesn't. FRUSTRATING!!! I know my friend K is in it BIG so we both have something at stake. Come on little guy! MOVE IT already! (UP, move it UP!!!!)