This stocks chart shows a G-Pattern. Market cap is just $2.89M. The product is awesome and is starting to sell: PlanetLink Announces Karta's Launch of FleetRADAR Under Licensing Agreement (http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=mktw&sid=1039364&guid=%7BC5844D43%2D799F%2D4DDA%2D925C%2DED453119F49B%7D&symb=)
But my primarily reason for buying is technical, so I'll design a simple trading plan: buy the stock today and sell only when the stock closes below the 10 day exponential moving average, splashed in green on the chart below.
Just $1,000.
(This recommendation was made by David Randolph from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2814 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)
Man that thing took off out the gates, tried getting my buy in but kept going up. Unfortunately chased it and now am bag holding :-\
Quote from: eduardvs on August 17, 2005, 10:00:17 AM
Man that thing took off out the gates, tried getting my buy in but kept going up. Unfortunately chased it and now am bag holding :-\
I guess you're a happy bagholder :D
Considering the market cap of PLKC.OB, which is just $5.12M and the two charts below, anything can happen in terms of upside. I can't trust on the 10 day exponential moving average to sell really high, I'll have to trust my instincts.
So, I'll update this stock everyday until I'll sell on the next opening. Today isn't that open.
I jumped ship at .0199 thankfully, but waiting to see how it plays out today.
I heard this was a Cornell run company if that really means anything.
Good market action and impressive volume on PLKC.OB yesterday. We got a gap up at the open, a sell off because too many people were holding too many short term gains, and that sell off was met with new and strong demand.
Speaking in terms of candlestick theory this ends up being a meeting lines pattern, which is a bullish continuation pattern. Higher volume confirms this.
Today isn't the day where I'm going to sell PLCK.OB.
I like PlanetLink's product so much that I almost wish I had a transportation, truck or taxi company so I could really use this product :D
Learn more about it here: http://www.planettraks.com/about.htm
I enjoy the way the product is priced too, giving the company a monthly fee and not a one time revenue. It's $40 per vehicle per month (http://www.planettraks.com/features.htm), so affordable and very profitable for the company.
With just $5.98M in market cap I believe this company, with this kind of product, is a bargain here. I hope they can advertise the product correctly and get many new costumers.
Revenue was $97,721 for the first 6 months of 2005, I expect this number to increase a lot in the future, we'll see ... at least the company has some revenues and gross profits to show now, so that's a start and an indication that the business model is starting to work.
I'll continue to hold PLKC.OB for the foreseeable future.
Why oh why is it that I picked up all the pennies on this board but this one? :-\
Oh well , making up for it in BCON and AOB recently. Would like one of the pennies to work out to th epositive for me.
Keep up the good work David ;D
Wow, PLKC.OB is the first bag we got on the 3 Pennies on Fire, I promise at least one of these a month :D
Now, basanlas was unlucky, he's got all pennies of the 3 Pennies on Fire Portfolio except this one :P But don't worry, more of these will come in the future, I hope you get those.
Ok, I have a 113% open profit on this one, but that alone isn't a motive to sell. I'll take profits today if $0.0341 is reached, which would give me a 162% profit.
Why that value? No special reason, if you consider the high of $0.025 and the low of $0.0159 set a couple of days ago a correction, the breakout yesterday has a target of $0.025-$0.0159 = $0.0091 + $0.025 = $0.0341.
If this doesn't happen I'll continue holding PLKC.OB.
PLKC.OB broke bad yesterday, and an open 113% profit was reduced to a 50% profit :-[
Well, this is the penny stock world, we need to be prepared for this volatility to successfully trade this kind of stocks.
I see that www.market-pulse.com is giving a hand to PLKC.OB this morning and I thank them for that and will sell at today's open, taking my profit.
You see, when a stock breaks out higher and then fails, coming back down below the previous high, that's a technical bearish signal, a false breakout just happened and you need to runaway as quick as possible.
So I'm selling PLKC.OB today, at or near the open.
David,
How were you able to sell PLKC at .022 when that was the high of the day on the ask not the offer? ???
I was hoping this would find a bottom, and start backup, and it has. Did not sell. Hoping it can come close to the previous highs of the last day or two. Then will part ways.
David or Ramsburg, I would welcome your further thoughts on this one. I know David indicated he was selling on the pullback, but am curious about the actions of the stock since. While it hasn't moved up further, it has held it's ground, and has a knack for closing near the upper end of the day's action, even if a decline.
Hi,
I am also still holding PLKC. would appreciate some guidance at this point.
Also I found this through raging bull:
http://edgar.brand.edgar-online.com/FetchFilingFrameset.aspx?filingid=3877298&type=HTML
thanks
Lalitha
I'd hold it as long as it doesn't go below 0.018, and it if has a breakout with high volume, this could really go places.
This may be another oppt to reconsider PLKC
take a look!
http://www.planettraks.com/newsletters/newsletterAug2005.htm
I am still holding.
--Lalitha