Comments on: How to learn to trade penny stocks

By: spur

spur — Tue, 02 Mar 2010 01:32:49 +0000

Good stuff Reaper, thanks for your hard work.

By: Big T

Big T — Tue, 02 Mar 2010 00:42:06 +0000

Yes, I recall the “pumpish” concept approach in your posts, one recent case for example back in early January over AENY over-extension?

There might be more than one approach, as you note.
Your methods work for you which is all that counts.

By: Reaper

Reaper — Mon, 01 Mar 2010 22:07:05 +0000

Actually you’re wrong. For the ones I buy to hold o/n most haven’t been pumped yet. I just watch price action and volume. I’ve described a “pumpish” chart innumerable times.

By: Big T

Big T — Mon, 01 Mar 2010 21:59:22 +0000

How does one find potential buy pumps?
““““““““““““““““““““““““” I keep wondering where Reaper gets these ideas for “buying pumps” that seem to pop up out-of-the-blue? I asked him if he uses a scanner to find these little no-name micro-craps”
“““““““““““““““““““““““`
You only can do so very early on, usually, in the hype.

So u must be able to see which ones are receiving pumping pressure, and that usually does not come from chart scanning like Stockfetcher because that shows stocks *already* moving in most filter settings to search.

So, you gotta subscribe to receive email inbox spam from tons of known promoters, count the NUMBER of total ones from different sources pumping the SAME ticker, surf stockreads.com daily, and other online resource links, know how to parse message board chatter, etc.

He already discussed this…

By: Reaper

Reaper — Mon, 01 Mar 2010 18:06:30 +0000

Probably the saddest part about your comment is that you are too stupid to realize that the video wasn’t about you. I didn’t criticize people who ask me good questions, only those who waste my time with dumb ones.

By: Reaper

Reaper — Mon, 01 Mar 2010 17:54:43 +0000

Holy shit are you dumb! IFLG was the same thing I did on ECOB … to make sure I had a borrow so I could short when I wanted to, even if Sogo ran out of shares. They didn’t, but it was still a worthwhile precaution.

And yes, I answered your damn question. But you are too stupid to actually look at my Q&A posts or my index thereof that shows several answers to what is essentially the same question.

4. How do you find stocks that you buy that are potential pumps?

Your question you posted as a comment on a later Q&A post was answered by me just about a week or so previously.

By: alex

alex — Mon, 01 Mar 2010 17:12:26 +0000

I kind of agree with Gregory. With this video, Reaper is taking the Tim Sykes attitude but it’s not really justified by his skill. I’ve seen some pretty bone-head stuff on this site, like going both long and short on IFLG at the same time. What the hell was that, dude?…the plays were obvious there and you would have been better playing it either long or short at one time. I sometimes get the feeling that Reaper is just trying to follow Tim Sykes and others with his trades but then fudging the timing quite a bit (which is fine, but just don’t go posing as an expert when you’re not). I keep wondering where Reaper gets these ideas for “buying pumps” that seem to pop up out-of-the-blue? I asked him if he uses a scanner to find these little no-name micro-craps (certainly not a dumb obvious question that you could answer for youself by going to investopedia or whatever) and I never got an answer. Sorry if I missed something in a blog post somewhere…few have read every square inch of material on here and we’re not lazy for that. I’ve read at least 50% of it which is probably more than a lot of folks out there. So, like Gregory says, Reaper be grateful for your monkeys who actually click on your links or use your link to buy Tim Sykes DVDs. If you were a really awesome trader then the money you make on this blog would be irrelevent and a waste of time compared to trading profits.

By: qbantek

qbantek — Mon, 01 Mar 2010 16:49:08 +0000

Good job. You bumped into the reason for some smart guy to invent this: http://lmgtfy.com/?q=how+to+use+google

By: johnc

johnc — Mon, 01 Mar 2010 01:29:08 +0000

Umm… would you rather he stopped blogging?

By: Reaper

Reaper — Mon, 01 Mar 2010 00:28:42 +0000

A better question regards those who would ask me all sorts of questions and take up my time without doing basic research on their own. Who do they think they are that they deserve to be helped for free by an experienced trader? I give a lot away for free. It galls me that people think they are entitled to get personal service for free too. You are not paying anything. Therefore you are not my customer. Therefore I don’t owe you anything; quod erat demonstrandum.

Maybe you would understand more if you saw all the emails I got. For every “Please share your IB TWS settings” there are two questions like “What broker do you use?” … look at the questions I have answered even on my Q&A (http://www.reapertrades.com/qa-index/) … even after getting rid of the most egregious questions I have still answered plenty of questions that people could have answered themselves with Google.