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Day Trade Of the Day : How we Banked +13% on Broken Piggy Pank NXTH and Recalling the Similar 06′ MNCSQ Trade!

Oct 27, 2009 Day Trading, Small Cap Stock Picks

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NXTH has been a crazy stock for the past month or so as of the Black Service crew recalled over the weekend about a very similar play that we did several years ago.  Heres us talking over the weekend.

[2009-10-24 15:57.19] <ket1390> FOUS you remember MNCS now we got NXTH..she is running and running and running and running
[2009-10-24 16:01.04] <ket1390> 3% a day guranteed..
[2009-10-24 16:21.38] <ket1390>  
[2009-10-24 16:23.11] <Terliso> I remember MNCS too Ket, I started that thread in the other trading community………….MNCS drop like a rock from +8.50 to below $3.00 in just 2 days.  It was a gapper down. So I suggest be careful on this one – NXTH.
[2009-10-24 16:33.55] <Terliso> MNCS.ob then is now MNCSQ.pk trading @ 0.00440 — http://thetechnicaltrader.net/forum/index.php?topic=1466.0
[2009-10-24 17:25.28] <fous> haha yah i remember that stock for sure i went long in it.. was banking around 20% or so on it as it steadily went up and then i got caught in the crash haha shit!
[2009-10-24 20:21.44] <tokyopua> lol, its funny we all remember that stock
[2009-10-24 20:25.52] <tokyopua> Didnt realize it was now trading at .0044, thanks for the update Terliso lol.  One of the craziest looking stock charts ever

ahhhh Heres an illustration of the MNCS trade from 2006… This was crazy!

The NXTH run didn’t last nearly as long but a similar type of chart where it was up every day followed by a huge crash.. Ironically enough we were just talking about the similar MNCS crash just a day or so before NXTH bit the dust.

And now heres a run down of our day trade of NXTH in which i banked $1045 on 5k shares in around 15 minutes or so and those in the Black Service chat room who followed my lead banked some big profits as well !

First starts with me noting todays crash:

[X][Tue 11:33] <fous> you guys NXTH haha!!!!

[X][Tue 12:09] <Jens Gould> lol if youre feeling a little nuts try NXTH i’m in a bit early at 1.66

[X][Tue 12:18] <fous> i took up a posisition for a DT here @ 1.60 for a bounce on NXTH with yah Jens  

[X][Tue 12:19] <Jens Gould> wooooo! nice fous

[X][Tue 12:22] <fous> i got 5k shares.. see how this goes haha…. … my account is glitching and says i have a 6.6k gain on NXTH right now haha

[X][Tue 12:22] <tokyopua> but looks fun

[X][Tue 12:22] <tokyopua> me too, only 1k shares NXTH

[X][Tue 12:34] <Jens Gould> i’m all out NXTH too tok hmfy!!!  

[X][Tue 12:32] <ACD 1> nice pick fous

[X][Tue 12:31] <fous> maybe 2 acd1?

[X][Tue 12:30] <tokyopua> took 130 on that NXTH, playin it safe for now, just wanted to balance Lions floppy ACLS play lol

[X][Tue 12:30] <ACD 1> fous what is the exit on NXTH

[X][Tue 12:30] <Jens Gould> weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[X][Tue 12:29] <fous> haha niceeeeeeee damn this looks like it could bump and run to 2 possibly.. might see a big squeeze here

[X][Tue 12:28] <tokyopua> NXTH making up for me following Lion lol, thanks Fous  

[X][Tue 12:39] <fous> boooooooooooooooom all out of NXTH @ 1.81   solid quick $1045 in 10 minutes

[X][Tue 12:47] <reddog> Sold NXTH 1.82 made 475$ thanks Jens and fous, made my day  

Technical Analysis: