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Moderator: smalltimetrader Assistants: vikingzskillz, ~Angel~, L-Back, risk on, MrPoppaGeorgeo, L1ving
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Last Post: 8/13/2015 11:30:25 AM - Followers: 229 - Board type: Premium - Posts Today: 0

 


 
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Anyone is welcomed to post about anything non stock related. Conversation builds confidence with others.

The main topic of the board is to discuss penny flipping stocks. It would be appreciated to provide share structure and expected enter and exit points. Unrealistic, will shoot to the moon posts will most likely be removed. Honest opinions are always welcomed. The goal is to digest what you wil
l do in the stock, not how you will make us a bagholder.


Caution Statements

ANATOMY OF A SCAM

TOXIC TRADING PATTERN 

RESERVED

1. Take a shell which you control and buy back as many shares as possible while it has nothing in it and convert loans into more free trading shares such that the majority of all free trading shares are in the hands of the promoters; 

2. Find an inventor with a failed technology or an inventor with a hopeful technology but the inventor is broke and the technology is going nowhere; 

3. Restructure the deal somewhat to accommodate the inventor but give him restricted shares; 

4. Find some dope to act as CEO. It's even better if the CEO is broke and needs money from the scam to survive. In this way the CEO is totally controlled by the scammer promoters. 

5. Issue out some Fluffy PR's about how great the technology is 

6. Find some individuals in far off places that seem to be legitimate to make claims of contracts and projections. 

7. Put out fluffier PR's about how the technology is coming along; 

8. Sell some shares to naive investors; 

9. Issue some more Fluffy PR's with sales projections. 

10. Sell some more free trading shares to new investors buying into the fluffy news about the claimed technology. 

11. When the deal ultimately fails, rinse and repeat.

 

1. PPS drops to .000#
 

2. R/S the stock 


3. PPS drops to .000# 


4. Management loads on undervalued shares, while everyone else sold out on panic or anger 


5. P&D compaign begins 


6. People buy in, stock going up 


7. Management Sells 


8. Dilute by issuing 


9. Repeat Step 1

 


Charting Basics
RSI Usually 70 represents overbought which is very bullish for those who are already in, however, generally it means you should think about selling your position. Generally, when a stock is overbought which 70+ represents then a decline is soon to follow. On the converse though, a stock which has an RSI of under 30 means it is oversold which is a bearish indicator, however it could represent a stock which maybe at a time to purchase. RSI should be used in conjunction with fundamentals to understand why the conditions exist in the first place.
Channel Difficult to describe, however a channel represents the average recent high as the top and the average recent low as the bottom. Others may define the channel as upper level being resistance and the lower level being support. However, I have seen channels trade with-in that range. The idea is to flip stocks in the short term for the best possible price at the time.
SAR Parabolic SAR is a weak indicator which implies whether the people are attracted the stock or could be closing their positions.  It's more important in my opinion to look for the distance between the par dot and the candle and look for the convergence. For example, if the dots are going to slam into a candle from below; that could indicate a buy signal. Likewise, if the dots are far below the candles, it's a bullish indicator implying a hold. If the dots are about to slam into the top of a candle it could indicate a sell signal, while if the dots are way above the candles I wouldn't recommend taking a position. So, generally above the candle = bad, below the candle = good, unless your goal is to enter a stock at a weak point.
MACD A lot of people like MACD, however, personally that is big board stuff. It crosses all day long. Generally, wider the lines are apart the more affect it has. If the bullish line is above the bearish line then watch for a convergence and possible sell point. Nothing goes up forever. Likewise, if the Bearish line is above the Bullish line then watch the stock for an entry point.
Accum/Dist A deceptive indicator, a lot of people will point to it and say "look at all the people buying". This could actually be showing diluted shares being bought. Watching the line is important however, it should be checked with fundamentals.

Quick Links

             

PostSubject
#36726  Sticky Note My Current Holding smalltimetrader 10/01/13 12:23:59 PM
#32523  Sticky Note Chart learning and basic trading (click here) L-Back 03/02/13 12:56:23 PM
#10211  Sticky Note NEW POSTERS PLEASE READ! L-Back 05/08/12 09:00:55 PM
#38241   TPAC getting ready for another run! Get in. m_m007 08/13/15 11:30:25 AM
#38240   SLNN 0018 +63% 200M FLOATER WAY MULTI PENNY l2 hunter 06/20/15 04:36:55 PM
#38239   {{{{{{{ $IFCR }}}}}}} GET READY FOR NEWS!!!!!! Red Lion 06/17/15 10:08:59 PM
#38238   {{{{{{{ $IFCR }}}}}}} GET READY FOR NEWS!!!!!! Red Lion 06/17/15 10:08:59 PM
#38237   SLNN breakout watch .0016 C.R.T 06/15/15 11:42:27 AM
#38236   $BRAV vol. picking up lately Buckden 06/11/15 03:41:06 AM
#38235   $BRAV 52 Week Low Chart. PENNYBUSTER 06/11/15 03:37:50 AM
#38234   Charts worth a look here Penny Gold Mine 06/11/15 12:06:20 AM
#38233   The drop was on minimal volume, I hold vikingzskillz 06/06/15 08:51:44 PM
#38232   Simply flippers not getting update they wanted on vikingzskillz 06/06/15 08:50:11 PM
#38231   lurker, lol ~Angel~ 06/06/15 04:05:58 PM
#38230   Why why why MrPoppaGeorgeo 06/06/15 04:04:47 PM
#38229   VS, ~Angel~ 06/06/15 04:03:42 PM
#38228   They filed some over 18 months ago I vikingzskillz 06/06/15 12:11:00 PM
#38227   Patents take a while tho bro.. MrPoppaGeorgeo 06/06/15 12:09:29 PM
#38226   The technology is very significant, $EPGL will be vikingzskillz 06/06/15 11:34:58 AM
#38225   Reading that has me at aw..EPGL turned down MrPoppaGeorgeo 06/06/15 10:25:47 AM
#38224   $EPGL Bionic Contact Lens!- MAJOR TWITTER UPDATE - vikingzskillz 06/06/15 09:57:00 AM
#38223   We are accumulating AERO , key developments ta TopPenny 06/01/15 01:58:30 PM
#38222   $BBRD recent news/filings PENNYBUSTER 05/31/15 10:56:18 AM
#38221   EPGL -> expecting Major Update Announcement this coming week.. vikingzskillz 05/30/15 07:56:02 AM
#38220   $$$$$$$ {{{ GBGM }}} $$$$$$$ Red Lion 05/28/15 12:10:51 AM
#38219   HCEI REVERSAL C.R.T 05/27/15 03:03:06 PM
#38218   FORC bouncing hard .0019 C.R.T 05/26/15 01:58:45 PM
#38217   $FORC Nice Post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=11 PENNYBUSTER 05/14/15 05:25:04 AM
#38216   $EPGL new information in OTC disclosure just out! vikingzskillz 04/28/15 04:50:48 PM
#38215   I need to do some more DD. Maybe GreenThumb Investor 04/25/15 07:59:44 PM
#38214   It will ,WDCO controlling and not able to vikingzskillz 04/25/15 06:08:51 PM
#38213   Wow, I don't understand how it's not moving MrPoppaGeorgeo 04/25/15 06:05:26 PM
#38212   AT&T just approved drafting of patents jointly with EPGL! vikingzskillz 04/25/15 05:36:57 PM
#38211   While you are enjoying your beer(s) this weekend, Jugas 04/24/15 06:11:00 PM
#38210   Lost a lot of money today, but still GreenThumb Investor 04/23/15 08:49:01 PM
#38209   My plan for tomorrow :) vikingzskillz 04/23/15 07:35:01 PM
#38208   $GBGM Was .0006 Last Month. Check Out The PENNYBUSTER 04/22/15 10:55:48 PM
#38207   Goal today - make $, buy beer, buy GreenThumb Investor 04/21/15 09:26:53 AM
#38206   $BYSD Bitcoin News Out!! PENNYBUSTER 04/21/15 07:55:27 AM
#38205   Heads up -> EPGL Major PR expected Monday... vikingzskillz 03/28/15 02:32:26 PM
#38204   AHFD put it on watch low float and m_m007 03/23/15 06:27:21 PM
#38203   Zacks Equity now commenting on significance for CooperVision vikingzskillz 03/17/15 07:36:24 PM
#38202   Also big time disclosure today from $EPGL-> vikingzskillz 03/16/15 08:03:03 PM
#38201   Huge NEWS Bro->CooperVision, Inc. Asks EP Global Communications, vikingzskillz 03/16/15 07:59:54 PM
#38200   Could be a big one coming up $EPGL.. vikingzskillz 03/09/15 08:32:43 PM
#38197   DCLT - DSE Expo 2015 next week, Data wolverine02 03/06/15 10:58:27 AM
#38196   Check out UAMM poppa Ix Trojanman xI 03/03/15 05:25:37 PM
#38195   $MEDT, $IDCG, $DSCR, $CGRW, $UPZS: Oregon Senator Scopes Le2dynasty 03/03/15 10:14:03 AM
#38194   CGRW, MEDT, DSCR: Hemp Legalization Passes TN Senate Le2dynasty 03/03/15 10:12:44 AM
#38193   $CGRW, $DSCR, $MEDT, $UPZS, $IDGC: Hemp the trillion Le2dynasty 03/03/15 10:12:25 AM
#38192   $NEWL NewLead Holdings Announced Contract of Affreightment for myopinion 03/02/15 12:37:38 PM
#38191   CRRS buyout dont miss it. m_m007 02/28/15 07:08:28 PM
#38190   $NEWL "NewLead succeeded in taking delivery of three myopinion 02/28/15 05:07:21 PM
PostSubject