GSHF

[dhiraj19]

With so many intelligent members and posts, I like dumb bought in morning @.325 

Good luck to all.

- Dhiraj

[tokyopua]

With so many intelligent members and posts, I like dumb bought in morning @.325 

Good luck to all.

- Dhiraj

I think we have all been there done that, dhiraj19.  If it makes you feel any better, this stock is probably still going up and you can still make money, but I recently bought EFSF above .5, its around .33 now 
And unlike GSHF, it has got no ethanol craze/70 dollar oil to get it going again.  Unless bird flu breaks out tomorrow, its going to be a long time before I break even on that trade...

[Holygrale]

Once again another great pick.........

I too jumped in 10k @.31 and another 10k @ .29........

Any dip in the morning, and you guessed it, another 10k..........

[lalitha0]

Hi
If it makes anyone feel better, i have been holding PTSC from 1.70 and now it is at .88!
I also lost a lot of money on GZFX.
So now I buy very carefully. I have Ameritrade IZONE and they charge $5.00 for any number of shares trading on any exchange including otcbb and pink sheets.
So I bought GSHF at .181, .195 and sold at .31 and now I am back in with 5000 shares at .28

if it goes down tomorrow I will buy more, if it doubles I will sell.

Good luck to us all!

Lalitha

[tokyopua]

Great call, tokyopua!  Right at the 5-EMA!!  That's where I would have put my bid if I was going to buy some, but I've never traded an OTCBB stock before.  I know they are alot riskier and cost more for commission than regular Nasdaq stocks.  Maybe someday I'll try one!

Good luck!
Leaira

Leaira, I wish I could tell you that was planned around the 5-EMA or any other technical indicator, but rather I was just watching a 1-minute Level 2 chart and saw that it had likely bottomed.  Sometimes you see that, where it hits a bottom and then starts moving up fairly quickly and its just a "feeling" based on having seen that before.  By the time I decided to buy it, it was up from about .255 to .275, that was probably only a minute.

All told, I guess I would have been more impressed with that move if the stock had not basically closed at the same level    so far, the one I am impressed with is Metro who got in around .175 if I remember correctly.

As for whether to buy... I am also no expert on how the penny stocks trade.  I can only say that from what I have seen the biggest profits on 3SOF seem to have been made off of the pennies, if you go back into the old trades it looks like there was a 12 bagger in there, etc.  3SOF seems to know how to pick the pennies!  Though granted there will be some losers in there too...

[eliteG]

update GSHF:

So we think we have a major move and this must come with major fluctuations.. but lets defend against a reverse.  GSHF remains above the g-pattern breakout so lets put a stop a bit underneath.  If ethanol swings into action we should be able to climb tomorrow.  I like the heavy volume today.. to me it means we had some major players step in.

------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.239
Target: n/a
------

[stocky]

Applaud G, my mental stop was 0.245 but I am now lowering it to 0.238 [I am next in queue ]

[Stocky2000]

Exit: stop @ 0.239

eliteG do you mean intraday with this sellstop ? or on a market closed basis.....

for example if we hit intraday 0.23 and we close at 0.251 would you still hold ?

Thanks

[berloga]

  Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?

[Maestro]

  Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?

No broker does, it seems. Apparently, it is a requirement of the exchange.

If I can't watch it during the day, I check in the evening if the price dropped to the stop target during the day, then sell at the open the following day. No "sell at market" order accepted either, I believe. Must be a limit order.

[eliteG]

Applaud G, my mental stop was 0.245 but I am now lowering it to 0.238 [I am next in queue ]

thx stocky  .. hopefully we wont have to test it.

Exit: stop @ 0.239

eliteG do you mean intraday with this sellstop ? or on a market closed basis.....

for example if we hit intraday 0.23 and we close at 0.251 would you still hold ?

Thanks

Hey ket - yes a stop is an intraday execution.

I think some brokers do allow stop-limit..not sure but the key is the principle that we will sell if this price is breached during the day.  Thats our plan 

[SmartWrasse]

Nice rebound on this hottie!  Keep 'em shaking baby 

[Loffigus]

What a powerful close! 

[Leaira]

I put a bid in for 25 cents, and missed it by less than a penny!    Low was 25.2 cents.

I'll still be watching this stock.  Also, what does this company have to do with ethanol?  I didn't see anything related to ethanol in the company's profile.

Leaira

[sbippy]

  Ameritrade does not accept "Stop Limit" orders on OTCBB securities. Do you place a "mental" stop or your broker permits stop orders on the OB's?

You can set a trade trigger on this instead w/Ameritrade.