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Moderator: smalltimetrader Assistants: vikingzskillz, ~Angel~, L-Back, risk on, MrPoppaGeorgeo, L1ving
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Last Post: 7/30/2014 8:44:54 AM - Followers: 260 - Board type: Premium - Posts Today: 1

 


 
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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
#38062   PMBS .0003 Issued Alert Based on Market Cap Street_Gnocca 07/30/14 08:44:54 AM
#38061   EPGL Daily Chart ->Last .0418 vikingzskillz 07/29/14 05:34:36 PM
#38060   OTHM the next runner up, soon will be m_m007 07/28/14 11:16:35 AM
#38059   Amel allm etcetera 07/28/14 09:28:32 AM
#38058   EPGL consolidation has been awesome@.04 range, near ready vikingzskillz 07/24/14 07:48:13 PM
#38057   Yep! m_m007 07/24/14 01:06:49 PM
#38056   OTHM GOOD NEWS FINALLY HITS!! [SMART MONEY] 07/24/14 12:11:42 PM
#38055   VPOR - 1 billion A/S reduction! 1 million spshond 07/24/14 10:12:56 AM
#38054   EPGL chart Big announcement coming soon! jhnvtjll 07/10/14 08:11:03 PM
#38053   EPGL ready for key .03 break, hit recent vikingzskillz 07/10/14 07:37:33 PM
#38052   ICNM - Low Float / Bottom In / TopPenny 07/07/14 11:00:05 AM
#38051   EPGL last.022, key breaks last week. vikingzskillz 07/07/14 09:19:43 AM
#38050   $DSCR: Discovery's Joint Venture Partner Featured in Ethanol Le2dynasty 07/06/14 01:21:40 PM
#38049   EPGL Weekly Chart vikingzskillz 07/02/14 06:32:06 PM
#38048   EPGL closing in on .02 break.... vikingzskillz 07/02/14 11:49:23 AM
#38047   OTHM great news last week and great news m_m007 07/02/14 08:37:25 AM
#38046   GGSM was good and still going up we m_m007 06/30/14 12:40:40 AM
#38045   GGSM nice 8k, watch list for sure. m_m007 06/26/14 02:00:38 PM
#38044   Huge things going on with EPGL guys, this vikingzskillz 06/19/14 10:05:17 AM
#38043   You too et! Hope you had a good day GreenThumb Investor 06/16/14 12:18:23 AM
#38042   Kows poppi day weee etcetera 06/15/14 10:55:09 PM
#38041   Happy fathers day bro etcetera 06/15/14 10:54:51 PM
#38040   You also gti and all MrPoppaGeorgeo 06/15/14 08:38:01 PM
#38039   Happy Father's Day to all KOWS GreenThumb Investor 06/15/14 06:04:46 PM
#38038   How's it going poppa? GreenThumb Investor 06/14/14 10:59:58 PM
#38037   Lol good job gti MrPoppaGeorgeo 06/14/14 10:40:34 PM
#38036   Won $1,200 straight flush in poker!! Woohoo GreenThumb Investor 06/14/14 07:37:04 PM
#38035   OWVI~ reinstated 5/30/2014~news should be hitting soon~$$$$$$ Bushell83 06/13/14 04:50:50 PM
#38034   ZLUE! Real company! Legit products and revenues! 48m GreenThumb Investor 06/11/14 11:39:34 PM
#38033   Another studd chart..... L-Back 06/08/14 01:37:01 AM
#38032   Lol I would have thought te same MrPoppaGeorgeo 06/07/14 10:16:10 PM
#38031   Couldn't help but to think of you when L-Back 06/07/14 09:55:28 PM
#38030   Damn gti, chance favors the prepared mind... etcetera 06/05/14 11:52:23 AM
#38029   Don't have my phone charger or work phone GreenThumb Investor 06/05/14 10:45:15 AM
#38028   APRU finally got their NEWS...up up up linkvest 06/03/14 01:21:34 PM
#38027   $BFLX 5 Day Chart. Soon To Be Leaving PENNYBUSTER 05/28/14 08:20:39 AM
#38026   Still early, 002's by tomorrow m_m007 05/27/14 09:47:05 AM
#38025   No prob. m_m007 05/27/14 09:46:36 AM
#38024   Thanks for that bro etcetera 05/27/14 09:44:19 AM
#38023   Guys keep ur eyes on BRND, way over m_m007 05/25/14 08:32:50 PM
#38022   QPRC .. woot !!! :D ~Angel~ 05/25/14 01:48:08 PM
#38021   IMDS .0001 Expanding International Sales http://www.bloomberg.com/article/201 Street_Gnocca 05/25/14 05:01:51 AM
#38020   IMDS .0001 CTLM Laser Video Presentation http://www.youtube.com/watch?v=Tp3UuX4K muga 05/25/14 05:01:23 AM
#38019   DSCR Will be an Epic Winner! Like many Le2dynasty 05/25/14 12:55:58 AM
#38018   Knights krazy! Zntr frtd incc fbec!!!! etcetera 05/19/14 02:57:33 PM
#38017   EPGL Q1 out, another positive Q vikingzskillz 05/18/14 09:12:47 PM
#38016   QLTS!!! Insiders bought 50% of the A/S. Expecting Ix Trojanman xI 05/18/14 10:15:57 AM
#38015   I suggest getting some here on the bottom vikingzskillz 05/16/14 08:44:22 AM
#38014   EPGL Weekly Chart - $$$$$ SOLID ACCUMULATION $$$$$ vikingzskillz 05/16/14 08:41:06 AM
#38013   EPGL Update:via TWITTER As EPGL has now transitioned vikingzskillz 05/16/14 01:48:56 AM
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