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Well, many of you have been asking me how i made my 3,000 in 21,000.
In one month. First of all i would like to thank everybody who replied
to my earlier post Need Advice..., thank you for sharing your advice
and experiences with me. Now, i have my account under my parents name,
so that is why i can trade and have a margin account. Well, my first
huge break was AAGP--Active Apparel Group. You probably heard about
them in late December. I was on Christmas vacation, so i had time to
research and buy stock, and actually spend some time. Well, i had
noticed that active apparel had doubled when they announced that they
were going to open a Internet site from aprox 1 to 2 per share. I
kept a watch on that stock. Over my Christmas vacation, i saw that it
had dropped back down. Then i thought What will happen when they
actually open their Internet site? So i bought 500 shares at 1 1/8.
I kept it for a couple days and it went up to 1 1/4 and was not moving
much. But then the day they announced the open of their Internet site
the shares went from 1 1/4 to 11. I sold that day at 11. But then
the next day it went up to 25. Boy was i pissed. So i decided to
sell short. I sold 500 shares short @ 20 5/8. I knew that the stock
was totally over valued. The next day the stock went down to about 9.
And i bought to cover then. Another stock i made more than a 100%
return. It was ISAC. I had bought this stock at 2 1/16. And it was
down to 1 at times. So i had lost more than 1/2 of my money. Then
one day over break at the end of the trading day, i saw that the
volume was raising and the price was going up. It still closed under
2. But i decided to watch it at the market open. Within the first 5
minutes of the first day it was up to about 2 1/2. I put at limit
order to sell at 3. Then i saw that the bid was still going up, so i
canceled and changed it to 4 1/8. It was still going up, so then
again i canceled and changed the order to sell limit 5. It went to 5
and i sold. The high for the day was reached around that time and it
was 5 3/4. Then that same day the price went back down under 2.
Currently, it is at 1 and something. Currently, i own SMTK. I bought
2000 shares @ 1 1/4. It is now priced at 2 11/16. A 115% gain. This
stock's 52 week high is about 33, and right now it is dramatically
undervalued. I am going to hold on to this baby for a while. I think
it will go up at least 10 in the near future. And maybe more in the
long run. I have other stocks, but those gains are under 100%.
Interestingly enough, all the stocks i have picked in the last 2
months have gone up some %. I have not lost money on any.(i bought
ISAC about 3 months ago, that was a stupid decision, but i got
lucky). I now have a fool-proof system. I never lose $ with the
stocks i pick. I just wish i could spend more time researching and
trading in real time. I don't have the capability to trade real time
because i am in school, so i have to be a end of the day trader. I
guess that is OK for now, i will stay in school and continue to
excel(thanks for the advice everybody). I have finals this week, so i
have to go study now. Well, i hope that gives you a little insight on
how i made my $. Thanks for baring with my long explanation, but i
just want to paint a clear picture. I would tell people some more
stocks that i think are going to go up, but i think that is illegal,
right? I don't want to be responsible for the inflated prices. If
it is not illegal, i will gladly share some of my picks. So Please
tell me if it is illegal or not. Oh, also this summer i want to start
trading options. If someone can give me a good starting point at
which i could start, i would greatly appreciate that. Thanks.
L8er,
Jawad
---John Ahaus <jahaus@xxxxxxxxxxxxxxx> wrote:
>
> I am 16 years old and over the past month i have made about a 700%
> gain. I started with 3,000 dollars and now i have over 21,000. My
> question is Can i Make this kind of money every month? I am a junior
> in high school and i am a straight A student, but this makes me think,
> why am i working so hard at school when in the end all it is for is
> money. And when money is so easy to make, why should i work so hard?
> Is this kind of money making unseen or is it a usual occurance?
> Thanks,
> Jawad
> Sceptically, I would like to know how one can parlay $3000 into $21000
> in 30 days considering margin requirements etc. Also not many broker
are
> willing to open up commodity accounts unless there is a proven net
worth
> and or income statement attached. Jawad, can you put your cards on the
> table and show us how you did it? If not I will on the side of Brent
in
> Utah.
> John Ahaus
>
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