EliteG Infinite Compound Project

[eagerlearner]

  250% 
wow! that's astonishing!
i was jumping up and down over my 20% gain in septermber .. lol 
Congratulations to our great wizard and wish u greeater and greater much deserved success!
Thanks for your comments we all benefit from.
Best of luck!
I will be watching! 

[OneStockMind]

Hi gang.
Finally back from a dreamland with a ring on my finger to remind me every day

I have a question for all of you: I noticed that stocks that close at high-of-day usually continue that trend the next day (at least in the morning before a potential selloff).
Does anybody have a study what percent of HOD stocks continue their rally next day?
I would think that would be a good daily scanner for next day momentum plays.. I have a feeling I just said something that every MOMO player knows for years.. anyway..

[jorgegr]

THX again (applause) for your good work. Eagerly awaiting next monday 

jorgegr

[eliteG]

these are not position I am entering but ZENX is looking hot at this moment and TGC could get hotl  I would not be a seller of these today. 

and thanks for all the comments, you guys ROCK!

Hi gang.
Finally back from a dreamland with a ring on my finger to remind me every day

I have a question for all of you: I noticed that stocks that close at high-of-day usually continue that trend the next day (at least in the morning before a potential selloff).
Does anybody have a study what percent of HOD stocks continue their rally next day?
I would think that would be a good daily scanner for next day momentum plays.. I have a feeling I just said something that every MOMO player knows for years.. anyway..

if you couple that theory with volume you have a recipe for something nice    still more research needs to be done though.

[ScottishTrader]

Hey Elite

Congrats on an astounding month - may there be many more

I was just wondering, how much has the infinite compund project compounded so far???

Must be moving along pretty nicely now...

[eliteG]

Thanks Scottish    yea its moving along.  Especially with a nice move like that last month.  From when I started this thread I am up ~400%.  There have been ups and downs but I am ready to blast off now 

By the way, you were right on on your analysis of XDSL. (applaud)

So I can't trade XDSL, but here's what I think.  Looking at the chart, for now I think XDSL is done for the day.  It topped out at resistance at .32, and may hang out just below or pull back a bit more before EOD.  With 4x volume today, and with the RSI breaking 70, I wouldn't be surprised to see a pullback tomorrow too.  I've jumped into too many stocks with great moves lately, only for them to pull back the next day.  You're the king of day trading though, and I think its your call.  With that kind of gain, I wouldn't be confident holding it overnight.  It could gap up again in the morning, but the best it'll reach is next resistance at .34.  I think its better to take profits.

Just my thoughts 

[jtmann]

Hey EliteG, what do you think about mbah after today? Is it in G3 now?

[eliteG]

MBAH is looking good jtmann.. check out this 60-chart showing a channel MBAH is riding in.  Its gotta get above that top for excitement.  Otherwise its got support.  I am not in it because I like some momentum to make the stock act crazy and right now its way too civilized for me   

[rickjust]

hi eg,
what do you think of zenx as a momo, the market seemed to like this news today . if it closes close to the high of the day with this much volume today could have momentum for tomorrow.
thanks
maxi

[eliteG]

thats exactly what I'm thinking rickjust.. those who want to be safer may wait for tomorrow but depending on the close here it may be a nice gapper.  All those contracts makes this seem really legit.  This thing moved with relatively low volume until we got to $1.  Then those market makers were scrambling as the momentum crowd came in.  I'm just watching but goodluck to those playin.. its looking good. 

[rickjust]

i am looking at .98 entry , thinking this will be strong enough at the close still a few minutes to go though
thanks for your reply
maxi

[OneStockMind]

WDAM looks like it's going to close at HOD on a huge volume.

[eliteG]

MBAH is looking good jtmann.. check out this 60-chart showing a channel MBAH is riding in. Its gotta get above that top for excitement. Otherwise its got support. I am not in it because I like some momentum to make the stock act crazy and right now its way too civilized for me

hmm MBAH closing nicely... thinking this one may run tomorrow.. def a watcher at least

[rickjust]

hahahahah!!!
went to place my order for zenx 30 secs before close and put market order , instead of limit. so it didn't fill. it came back to me and by the time i put the limit order in the market was closed lol.
oh well , there is always tomorrow!!!!
maxi

[shaker340]

Sold about 1/3 of a position during this run, I remember Elite does this alot, and if it is good enough for the G-man, well you know the rest