3SOF

I've decided to continue my mirror trades thread here... it really doesn't belong in the stock picks thread, and definitely not under the vtss thread...

basically, for those of you who don't know, I belong to a trading group with other traders who trade with blocks ranging from 2000$ to 400,000$ in a single stock... I've realized that the trades that I had that did the best were not my own ideas... but I got them from the board.

For example, my cesv pick (originally), my nyny pick... vtss... mrvc... etc etc... they were all originated by this group. For example, they were pounding the table on lnux yesterday at 2.20... and you all know what happened to that.

I will definitely delineate when I come up with a pick, vs the board being behind a pick...but I just decided that this is probably the best way to keep track of my picks. I don't have time to cover all of the picks, but I will try to give a representative cross-section. Let's see how this goes.

My personal trading style is to go for singles, not homeruns. Maybe 3-5% moves at a time.

Pick: MRVC... still continuing. This one was called at 2.90...

Personal pick is rheo... I bought today at 3.44... due for an oversold bounce, IMHO.

GLTA.
g

400,000 block in a single stock huh

No, 400,000$, not 400,000 shares...

for example, goog... 1000 shares.

I don't have NEARLY that kind of money, of course. Usually the big guys on that board trade with ~75,000 to 150,000$...

g
p.s. watching nabi (appears to have broken out) and sva (double bot off 4, 200dma there too... bird flu getting hot... clinical trial news due in March)

Just wanted to update...

currently long 5100 shares of rheo at DCA of ~3.50. This is my personal pick, but I believe this will bounce next week some more, given that it is a pick at thecontrariantrader.com, and people have called and the company supposedly said that they would be releasing more information about the Rheopheresis trial results (ahem, like p-values, please?) "in 2 to 4 weeks". They said this slightly more than 1 week ago.

Looking for 5.

trading board still has position in vtss, mrvc, jdsu (3.03), amcc (3.57).

My personal pick right now is rheo. (Unfortunately the board doesn't 'have my back' on that one... lol)

GLTA

Just wanted to add a quick update since it is FREEZING in the northeast and it is too cold to go out and do anything

Anyway. Just wanted to add a little info on the forthcoming picks here...

I don't touch otcbb or pk stocks... None of the picks from the mirror trades will be otc/pk... I have been burned a couple of times by those stocks, averaging in, and getting worked each time. I just spent the past 15 minutes re-reading the eyii thread in this board and I truly feel sorry for those who invested everything at 0.10 and above... Some of the comments could have been written by me, 2 years ago. Now I refuse to touch those types of stocks, period. There will certainly be doubles and even 10 baggers in the otc group... but I have now decided that my trading style should be to repeatedly pick stocks that will hopefully make 3-5% moves in 1-2 days... I'm comfortable with 300-500$ trades every few days.

Usually I won't stray from mirroring trades (the last 3 mirrors I did were SIFY 12.50-13.15, VTSS 3.16-3.25 and MRVC 2.95-3.04) but maybe just for this time for RHEO...

If you want to just mirror trades, RHEO is NOT a mirror trade. Want to make that abundantly clear. However, I think it is due for 5+ within a week or two. The board is heavy on mrvc... which was a pretty darn good buy at 2.90 a few days back. I personally don't have any, but then again I am only playing with 15,000$, unlike some of the traders on the board... the leader is currently long 80,000 shares of vtss and 40,000 shares of mrvc among other holdings. 

Stay warm!
g

I emailed the head of PR for RHEO and got an incredibly reassuring response. See the following thread:

http://www.3stocksonfire.org/trading/index.php?topic=4542.0

IMHO the strategy on this play is to hold the stock until the PR comes out. Could be tomorrow, could be next week... I am sure the stock will gap up on the release of the PR.

g

In the interest of fairness (and for reasons I won't go into here) I decided to post the email on the Yahoo Rheo message board, message 7151.

Now the playing field is level again.
Good luck.
g

they've sold all their mrvc at 3.04-3.05

although I am up a little from friday, with rheo, I still believe this will be at least high 3's when the markets turn around...

g

still holding rheo. no other positions. That's why I am a "gambler"... trading with money I can afford to lose.

Plan to hold this one til 5.50 at least.

g

no heavy duty buys on the board today... some bought nvax at 5...

g

sorry guys,
they shook me out of rheo.

sold 4500/5100 shares at 3.77, + 1300.

still holding 600 from friday.

looking to reenter tomorrow or the next day.

g

sold the last 600 at 3.87.

now long 4000 shares of sva at 4.07.

This should move on Bird flu issues...

good luck,
g

Here are the reasons I bought SVA

1. Bird flu is back in the news, and it is getting hyped ridiculously. I expect this trend to continue

2. NVAX ran over the past few days... I expect sva to follow

3. 4 looks like strong double bottom support

4. 200 DMA at 3.91... I think 4.01 was the bottom yesterday.

5. SVA opened at 4.47 yesterday... the 2 day decline due for a bounce

6. Bird flu conference on Feb 27-28

http://www.comminit.com/avianinfluenza/2006-events/events-4283.html

7. Clinical trial results due in March.

Good luck!
g

Wow... this is too hard to post about other people's trades... I think I'll just post the trades that I follow that are mirrors.

they sold all their vtss, amd, amcc.

Currently long 4000 sva at 4.07-8 and 500 more at 4.00.

Gonna hold for at least 3 trading days, or 5%.

g