Doing my thing!
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Naked shorts are a myth sold to you by people pumping/hyping stocks... There really is no such thing, or very rarely the case - especially on stocks below $2/share...
Really, shorting stocks that are under $2/share isn't even financially appealing... For several reasons...
Anything is possible - but I suspect $0.50 to be bottom at worst, maybe $0.495... If we fall any further than that, I'd be concerned of breaking the all time low at $0.4135, and forming a new low or the floor dropping out...
Generally speaking, what is appealing here on an otherwise nose diving stock (span out a few years, since company inception - it's just plummeted), is the fact we formed a base here to consolidate at, up and down primarily between $0.50/$0.55 and $0.70/$0.75... There was a one time dip to $0.4135, and a one time run to $0.8477... I'd be afraid of falling further if we threatened to break out of this range on the downside...
Also, we had a good trend line going upwards until the last few days, but up until now, we been building higher highs, and higher lows... And I think it's at least possible to tag the 200 day Moving Average (around $0.91 currently)... And if we can press through that, I see a possible run to about $1.25....
But again... If we fall below $0.50, I'd be worried... And a fall much further below recent lows of this dip would potentially bust the higher high, higher low theory... Which in itself would be concerning...
And the fear of mine currently is, these several days of sell of smells of dilution... They need to release some news or something and let it air out a bit if they're going to dilution, let it bounce again... Otherwise, we're destined to dropping out of our side ways range, especially if buyers are scared to buy...
Furthermore... What I noticed, is every recent bottom of every recent dip pivoted and bottomed out after a bullish harami candlestick pattern, followed by a gap up the next day, and a run up off the low... But... This time started the same, but today's action since has busted that... Possibly indicating a trend change again...
So I'm a little mixed feelinged here, my thesis here is holding on by a thread, but... Only that... A possible explanation to the difference is the interaction with the 50 day Moving Average... We need to get back above it asap, and hold on to that... Or I fear it's going to act as further resistance and push us down again... We're kind of at a make or break here... And I think a dip into the $40's is going to be the nail in the coffin...
We need a catalyst...
I just completely filled my buy order... Now let's bounce!!!
Welcome all... I just bought in here on the dip, I got a partial fill at $0.58!!!
I'm OK with it coming back down to completely fill my order before bouncing up , or just bouncing and running up now from here... Though I do suspect we'll at least tag the 50 day Moving Average (currently at $0.576) before moving back up - or possibly tag below it before closing the day above it, maybe putting in a reversal candle on the daily chart...
Whatever happens, I like this for a good swing play, especially if we get a catalyst - news, etc... Looks like a lot of interesting things going and to come here...
Bought in today at $0.037 on the dip!
Took a starter position with 100,000 shares, originally took 300,000 shares accidentally (200,000 at $0.0375/share - an order I meant to cancel that filled), but I sold those extra 200,000 shares at $0.038 through $0.039 on the bounce (so I already took a little profit accidentally, roughly $200 in realized profits on that unintentional flip, and currently $360 in unrealized profits on my current open position), I didn't want to hold 300,000 shares into the close... This was just a starter position... Not sure how long I plan to hold... But if it dips anymore I will possibly load more, depending on what it does... I was trying to get in at price support around $0.033ish originally, but when I noticed the dip wasn't coming down that far, likely wouldn't break too far below the 30 minute chart 50 period SMA support, I bumped my buy in price up, meant to then also shrink my starter position - which is how I accidentally bought those shares at $0.0375 in the first place...
I was a little put off by the dip happening right before the bell, and the fact it didn't hit my original target entry price, so that combined is why I shrunk my entry position...
Pretty good with my entry, could have nailed the bottom of the dip, and almost did... But I intentionally hesitated to see it prove it bottomed before I bought in...
What Twitter account?
What's the story here? Chart looks great, but seemingly all sells today since the morning bell and morning spike....
Always good when I bump into you in a stock we both own
I sold at $1.24 in the pre market spike... I know, I know, sold for peanuts (only ended up with 7.63% in profits), but I am a day trader and I have to trade strictly to a plan, no emotion...
The plan was to buy the dip after Friday's spike up to $1.31... When it halted to volatility and then dipped, I rushed into a poor average entry price of $1.1521 before the panic sell off to the mid $0.90's... I rightfully should have stopped myself out at $1.03 for a 10% loss, but had to handle an important family matter that took my eyes off the market momentarily... When I got back to it, we based just above my stop out price, so I started to research the company a little to see how I felt swing playing it, which... I actually think this is a good swing play if the volume picks up - that is just not what I do... So this morning's pre market spike up to $1.26 I was trying to sell at $1.27 for 10% profit from my entry... It didn't reach me at $1.27 though so I ended up slapping the BID at $1.24 for only 7.63% profit... But since it has dipped back down to $1.12, and now I am out for profit instead of a loss when I should have stopped out... So I was happy to get 7.63% instead of the 10% loss I rightfully should have taken... Or worse since it did dip into the mid $0.90s since my entry...
So I had to play it safe...
I also was concerned by the low (even for pre market) volume, and knew I needed to exit this morning... I fear the morning gap up after Friday's candle, and then a day of dumping... It is not common a long upper wick, small body candle is followed by a solid green candle - usually it is followed by a red candle or a morning gap that dumps through the day... And I suspect that is possible today...
Again though, I think this may be a good swing play for those who don't mind holding out for it... The company is actually not too terrible fundamentally and financially... At least not for a penny stock... And the chart is interesting... I just had to follow a plan, and that's all I did... You never lose taking profit, pigs get fed, hogs get slaughtered... Don't get greedy!!!
Good luck all!!!
That actually makes good and total sense! Smart idea!
I got in with an average price of $1.1521 dip buying that spike thinking it would continue...
Seems like after the volatility halt though, it just panicked and sold off, and fast...
I had a plan to exit at $1.03, cutting losses at 10%, but it built a base right there... It did dip for a bit below that area too, but I was pulled away from watching it over a family matter or I would have sold...
I am however intrigued by this stock... The channel, the wedge breakout to the upper side (though technically the wedge is an ascending wedge, and a bearish continuation pattern - it seemed to have failed with the breakout to the bullish direction)...
then I dug into the financial, and... I mean, since 2015, the downtrend this stock was in makes sense... But the latest quarterly and annual reports are rather positive and give insight to a potential reversal... Revenue is up, debt is down... It is far from perfect, but it is priced as such already as a penny stock... And there is some good news catalysts I see as well, and other similar sector plays just ran, so this one might soon too...
I am very concerned however with the volume here, it is very light aside from Friday's spike... And I am concerned with the "why" as to why it spiked and then nearly gave back all its gains, and recently a few days prior did something similar...
I fear this will suffer a pull back to some degree, hopefully just a small or short one, but that candle we posted on the Friday daily chart is a little ominous for Monday's expectations here...
I also like the repeated test and break throughs of several areas of resistance all bunched up in a small range right here... That might have a lot to do with the difficulty holding gains, but if we plan to break through it all and go anywhere upwards, we have to hold gains or else it obviously won't and just fail to...
So I am watching it, still in this play, but a little nervous about my entry and basing around my stop out level...
I think you mean it is leaving the over SOLD area... But everything else looks good
Is that good? I am surprised how dead it is on this board...
Looks like another move north is coming...
Well, this aged well... Looks like we have the left shoulder and the head now of the inverted head and shoulders pattern I suspected was about to form... Probably see a right shoulder and then a reversal... Just like I stated days ago before it even really took form...
I see what I think is the pattern setting up... It hasn't even completed forming 50% of the pattern yet... But it is working on what I suspect is the low of the whole thing...
I'd definitely start buying this...looks like the head of an inverted head and shoulders reversal pattern lining up... May consider sizing into a small position and adding over time if it does what I think it will...
We'll see...
The 101 on a R/S:
It's simple... When a R/S happens, say you have 10 million shares and they do a 1:100 R/S... Pre R/S the share price is $0.0001... You will lose all but 1% or 100,000 of your shares, but the price per share post R/S will go up to $0.01 or 100 times the pre R/S share price...
Pre R/S you had 10 million shares x $0.0001/share = $1,000 value...
Post R/S you have 100,000 shares x $0.01/share = $1,000 value...
The value is the same, it is all proportional... In a 1:100 R/S, the # of shares outstanding (and the number of shares you own) are divided by 100... But the share price is multiplied by the same 100... That is why pre vs. post are proportionally the same value after everything is said and done...
What happens after the R/S is what is important... The R/S itself is not a big deal... But, if they continue to dilute after a R/S, then it dilutes your value IE reduces your value 100 times faster (with regards to a 1:100 R/S)... with every share added to the OS... BUT, while that sound ominous, it is also worth noting that the company is getting 100 times the value with every share diluted too, so hopefully they will raise the funds they need 100 times faster and dilute less... As they will get $0.01/share instead of $0.0001/share in the above example...
So to paint a picture, If a company needs to raise $100,000 for operational funds, at $0.0001/share they'll have to sell/dilute 1 billion shares into the OS... But if they do a 1:100 R/S first, then to raise that same $100,000 for operational funds, they'll only have to sell/dilute into the OS by 10 million shares... So they diluted 100 times less by shares added to the OS, but for those of us who bought in pre R/S, each share diluted hurts us 100 times more then prior to the R/S because you have 100 times less shares...
What is concerning is that they are leaving the A/S at 100 billion shares post R/S which says they may plan to continue to dilute after the R/S... So that is ominous... We'll have to see...
So R/S themselves are not bad, and there are even good reasons to do one... It is what happens after the R/S that matters...
Bringing eyes back here again... Seems she is starting to wake up a little... Might be a bit still before anything major, but I like the fact she's gaining breath again... It might be faint, but any pulse will eventually trigger a TA move at some point down the road... This stuff sometimes takes time to build up, it's kind of a butterfly effect sometimes... But I see the beginning signs warranting my attention here again... I'll be in the background - I don't have a ton of time for iHub and markets right now, work has me busy... I am out of town for work related training in an real intense course right now...
Complete nonsense
BS... Keep repeating the same BS...
A double bottom is kind of forming... I like future prospects here for a real good run...
The important thing is we put positive tick marks in with some of the negative... Eventually that'll lead to a technical breakout...
It is always good to not listen to BS on iHub
False info.... And if true even... So?
Whatever you say... You can tell eh??? lol
We did test $0.0002s, momentarily... so???
$0.0004 is the support to hold and for now it was held... Until it breaks, I am not going to claim anything about it...
That's what I thought
I'm sorry... I did say this would test $0.0004 and even $0.0003s... Did I not???
Then don't... Then quit PMing me acting like you got something to say
Well....Bye then
Or what?
What are we, 5?
Wrong
You clearly don't get how this works
Expect a pump to come that'll then be dumped into... Just my guess... That or a R/S then a pump and dump...
I told you all this was going to test support at $0.0004 today... So far support held as it closed at or above support... This is nothing alarming...
Absolutely zero dilution right now, I've been tracking the dilutuon here fairly accurately since May... It's ended...
Dumb
Going red to green with good volume!!!
I don't even think it'll dilute in August... I think that note was paid early given the amount of the last dilution, but I could be wrong... Need an 8K or 10Q to show us what's up...