LBYE Trading Strategy

Posted by Admin on September 29, 2010 under Penny Stock Alerts Blog | Be the First to Comment

Hello, is it me your looking for?  I can see it in your eyes.  I can see it in your smile.
I’m in an exceptionally good mood today.  Why?  I don’t know.  When I’m in a good mood, I don’t fight it…I just go with it.
The guy who turned me on to LBYE has been one of my most reliable sources for hot penny stock picks.  A lot of the hot penny stocks he sends my way have made us healthy gains, and he’s NEVER sent me a bad pick.  Even the best, most reliable penny pros I work with send a rare disaster now and then, but none from him.  His penny stock alerts are good…
Hopefully this will be more of the same.
I like where LBYE came from, and I did my own research and found for myself that I like where they are going.

For those of you who like my low priced picks, 10 cents and below, don’t worry…more will be coming soon.  These higher priced ones have just been delivering great and consistent gains, obviously they’re smaller than with a 2 cent company or something…but they’ve been steadier, safer, and more reliable than the lower priced plays.

The higher priced ones usually have a lot more liquidity, so it’s a bit safer to take a larger position.  It’s always risky though, see disclaimer, don’t listen to me, etc.  You make just as much money with a 10% gain as you do with a 100% gain, IF you buy 10 times as much.  Once again, don’t do anything stupid and risk money you can’t afford and NEVER do anything just because I mention it.
So how are we gonna play this one?  What’s the story for LBYE?
LBYE’s big bounce on very strong volume today was a pretty powerful indicator that we may have just seen the first part of a bounce back rally.

It’s always hard to say how big of a gain we should hold out for, and the newsletters that DO say that usually just set some BS oversized target to try and get investors pumped.

Set a reasonable but profitable goal that suits your style and let’s hope the LBYE popcorn gets cooking today.  I want to see an extra large profit, with extra butter.
I’ll tell you one thing though, don’t be too greedy.  Cashing out gains is the only way to really PROFIT, otherwise it’s all just for fun.  So let’s get ready to cash in some nice gains on LBYE.
We want to protect the downside.  So how do we do that?
Disclaimer – Don’t listen to my trading tips.  Consult with a licensed professional before investing, only invest what you are prepared to lose, do your own research, etc, etc.

I know it’s annoying putting all these disclaimers in my emails, but hey, I have to :-(

Anyway…
I think a good place to put a stop loss would be at 64 cents.  This one seems like a no-brainer if you look at the 5 day chart.  65 cents has served as support multiple times over the past 5 trading days, so we definitely don’t want to see LBYE fall below that level.
If LBYE opens exceptionally high for some reason you could tighten the stop more.
Also, as I said last night be sure not to forget about trying to capture some day trading profits.  LBYE ran from 65 cents to 70 cents TWICE yesterday, so day traders could have easily pocked a quick 15 percent.
LBYE is probably going to be very active today so let’s do what us sharks do best…take advantage!
PSA – Penny Psycho
www.pennystockalerts.com
Don’t invest based on what I say, do your own research and consult with a licensed professional before investing, only invest what you are prepared to lose.

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Disclaimer – By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time.  We are not registered or licensed in any jurisdiction whatsoever to provide investment advice or anything of an advisory nature.  Always do your own research and consult with an licensed investment professional before investing.  Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose.  By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.  We do not advise any reader take any specific action.  Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads.  Our website and newsletter are for entertainment purposes only.  Never invest purely based on our alerts.  Gains mentioned in our newsletter and on our website may be based on EOD or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices.   We have been compensated up to twenty five thousand dollars to conduct investor relations marketing for Liberty Enrgy Corp by a third party, Winning Media.  This compensation is a major conflict of interest in our ability to be unbiased.  Therefore, this newsletter should be read as a commercial advertisement only.  The third party or their affiliates may wish to liquidate shares, which has the potential to hurt share prices.  Our emails may contain forword looking statements, which are not guaranteed to materialize due to a variety of factors.  We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters.  The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information in our disclaimers is subject to change at any time without notice.  See full disclaimer at pennystockalerts.com/disclaimer

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