Breakout
• Sarissa Resources Inc. Is Pleased to Announce That Scott Keevil Will Join the Board and Become CEO
Marketwire (Fri 9:18am)
• Sarissa Resources, Inc. Acquires Gold Property in Pacaud Township, Kirkland Lake Ontario
Marketwire (Wed, Nov 7)
• Sarissa Resources, Inc. Acquires Two Uranium/Copper Properties in the Elliot Lake Camp in Northern Ontario
Marketwire (Thu, Nov 1)
having a good day so far. up +.0005
Heading for work will see where it is after close.
Have no position. And never chase a stock. Will consider entering after pullback
Quote from: wrangler on November 12, 2007, 10:13:50 AM
having a good day so far. up +.0005
Heading for work will see where it is after close.
Have no position. And never chase a stock. Will consider entering after pullback
Wow ,,what a day for SRSR..You never chase a stock but today would have been a good one to chase this one and seell at the end.
Up +.00260 for the day Sure missed the boat on this one
Learning to lock in profits using 50% sell rule using stop loss . At the end of each trading day set stop loss at 50% between the low and high of the day for next trading day and continue this daily till your stop gets hit . If run should continue after getting hit then jump back in but protect that profit you just gained with tight stop losses. But most of the time when a stop gets hit using this 50% sell rule the run is over.
Chart Att. shows example of 50% sell rule, Hope I explained it ok. Learned this rule from another source explaining how to lock in your profits during a run on a stock.
Hope this has been helpful to some still learning the tricks of the trade
Hi Wrangler...
I missed it ....but a friend told me when it was 0.0003 SH*T !!!!!!
I should have followed him...
another case was DLAV ............
lots of occasions to come..
MMIO perhaps..(& still following TOFS...
Quote from: IdFix on November 13, 2007, 12:08:49 PM
Hi Wrangler...
I missed it ....but a friend told me when it was 0.0003 SH*T !!!!!!
I should have followed him...
another case was DLAV ............
lots of occasions to come..
MMIO perhaps..(& still following TOFS...
I didn't have a position either.. :'( :'( :'(
More stocks out there to play,,
Goodluck trading
Last time I posted a chart on SRSR I gave an example of using 50% sell rule on a stock that continues making higher highs and higher lows to lock in profits and the next day after showing example the 50 % sell rule would have been hit. Since its been trading sideways ,,or consolidation.
Could be setting up for another run. Penny stocks are high risk plays and you should always play these stocks based upon your own DD.
I have no position
I bought a little of this last week.
It looks like today is SRSR's day. :)
Quote from: kslifka on November 19, 2007, 12:48:39 PM
I bought a little of this last week.
It looks like today is SRSR's day. :)
Pretty good day but I like to see more volume. Just wondering,,have you got a trading plan for stop loss and your target price.
Looking at your rating I assume you're an experienced trader so I assume again that you know how to protect your gains and take minor losses.
Hope you goodluck with your trading plan.
Keep posting how it worked out.
Making a comeback and 50 is closing in on 200.
Goodluck to those holding
Well I sold SRSR at .0075...for a nice 70% profit.
However it may have one more day...but it is a pink sheet afterall.
Quote from: kslifka on November 20, 2007, 02:48:40 PM
Well I sold SRSR at .0075...for a nice 70% profit.
However it may have one more day...but it is a pink sheet afterall.
Congrats kslifka
SRSR.pk Still going.
Guess I sold too soon...but you just never know when these pinkies will tank.
a FURIOUS ONE
WOW&OMG !!!!!!!!!
Quote from: kslifka on November 23, 2007, 01:19:38 PM
SRSR.pk Still going.
Guess I sold too soon...but you just never know when these pinkies will tank.
You still made a profit,,that's what counts. If only we could tell how a stock will run we would have it made.
Goodluck trading
Quote from: wrangler on November 23, 2007, 06:12:16 PM
Quote from: kslifka on November 23, 2007, 01:19:38 PM
SRSR.pk Still going.
Guess I sold too soon...but you just never know when these pinkies will tank.
You still made a profit,,that's what counts. If only we could tell how a stock will run we would have it made.
Goodluck trading
I wish I had a better idea when to sell a pinkie. I can pick a chart when to buy a penny stock...selling is the hard part. I usually sell the next day in the morning when the stock runs up on strength after a break-out and hopefully a gap-up :D. I need to keep watch on the same stock in the 1 or 2 days to follow...to see if it's worthy to jump back in. ;)
However Wrangler you picked this one well before it was on my radar. Congrats and keep on posting.
Hi kslifka
Go back thru thread to see example of the 50% sell rule as a stock is moving up and when it gets hit just stay watching it for the next move up if it happens and jump back in but when you jump back in keep close eye with a tight stop to keep from losing the profit you just made.
Also another way to trade it is sell amount of shares it would take to give you your investment back and let your free shares continue the run till your ready to sell.
One good rule I've got is sell on the first red candle after a run and buy back on the first white one. Profit takers will usually eat at a stock for two or three days before it continues its move back up and volume will tell you by how it dries up. If volume continues to run higher with each day while going down then look for it to continue.
JMO again
All traders are differant and each has to find what works best for them.
Goodluck trading
This one came back up on my radar yesterday. Bought some then and again today. I typically don't like pinkies(but considering the bloodbath in the broader markets...pinkies seem to be a safe-haven :D )...but SRSR has some interesting prospects in mining Niobium, uranium and other minerals.
Sarissa Orders Preliminary Independent Geological Assessment Report on Lake Nemegosenda Property
Wednesday February 20, 9:15 am ET
BAY CITY, MI--(MARKET WIRE)--Feb 20, 2008 -- Sarissa Resources, Inc. (Other OTC:SRSR.PK - News) Sarissa is pleased to announce the Company has engaged the services of Hawk Exploration Consultants, an independent and highly regarded Toronto-based geological consulting firm to conduct a preliminary assessment report on Sarissa's Lake Nemegosenda carbonatite-hosted niobium property in Northern Ontario.
ADVERTISEMENT
With existing, historical property data indicating approximately 20 million tons of 0.47% Nb2O5 (non-NI 43-101-compliant: Ontario Geological Survey study 34 by R.P Sage, published in 1987), the purpose of the preliminary assessment report is to evaluate the historical exploration work on the property conducted by Gulf Minerals Canada Limited and include an initial review of the original drill logs. The independent consultants will then make recommendations for future exploration assessment work that may be required in order to allow the company to have an NI 43-101 compliant resource estimate prepared.
Sarissa president Scott Keevil commented, "We are extremely excited to begin the process of re-evaluating this historic deposit. The fact is mines are made, not discovered, and Sarissa is in a position any junior exploration company would be envious of. Hypothetically, we could have gone out and spent 10 years and $10 million to find properties, explore them and possibly outline an economic ore body, and still not have what we already have now. The independent geological consultants will look to evaluate Gulf's historic data as well as look at the potential for additional mineral values, such as uranium, tantalum and Rare Earth Metals which are often associated with carbonatite deposits." He continued, "If it is determined Nemegosenda has additional mineralization, it could be incrementally accretive to the niobium values already there. We anticipate this initial assessment being completed in a 4 to 5 week time frame, at which time we will update shareholders on the outcome."
A qualified person, as defined under NI-43-101, has not yet done sufficient work to comment on the relevance or reliability of this historical estimate. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Dr. Cam Cheriton, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
About Sarissa Resources
Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, and uranium prospects in Northern Ontario, Canada.
Still hanging on to this one...and bought some more at .009 a few days ago. If it can get past .012....015 shouldn't be too far behind.
SRSR.pk Looking to hit .015
SRSR.pk broke the.0015 level.
Lots of potential...with the long sideways move and today's break-out. :)
New High. :)
SRSR.pk still moving. Looking great today with higher volume coming in. ;)
I'm suspecting news regarding their geological report of one of their mining properties...and by looking at the chart...possibly this week. :)
Wow...how did I miss this one!? :o
Good job!
Has to pull back one of these days. But I have to love it. ;D
Riding free shares from here. Sold 1/3 to cover my initial investment. :)
Still holding...looking good after several days of consolidation. ;)
Break-out. :D
Beautiful close. ;D
Wow.. :o
I tried to sell some right at the open...but no takers. That is the problem with pennies sometimes. I'm thinking some news should be out in the next couple of days.
She's coming back. :)