Asleep at the Wheel

[rich pearl]

hmmm.......... perhaps i'm just half asleep at the wheel, and only half a day away.

::sigh::

i miss those days. seeing the Siegel Shwall Blues band. listening to Corky Siegel, sittin' at the piano.

::a bigger SIGH::

now i'm waxing old and wasting bandwidth. attention spans are short, and that's why i write flash. but its been so long since i was here, i'm out of practise. so i'll just try and wing it.

anyways, came to jibeer jabber about two stocks i'm watching. past couple of years has seen me have to close down. i'm not playing as often, its not even close, and other than fixin' up positions or dropping a couple hundred on potential and active reverse mergers and/or shells, its become the rare occasion when i have enough activity to give thought to reason and make me pull up a chart to get a feel for whats going on. such as with EXAI and MVPI.

i used to use Stockcharts for nearly everything, but nowi i have use ProfitsPi and, because its free, it doesn't update during trading hours. nor can i paste the basic template here so i have to use links.

here's the one to EXAI -- http://www.profitspi.com/stock-chart.aspx?id=EXAI&ca=1751546066

and this is for MVPI -- http://www.profitspi.com/stock-chart.aspx?id=MVPI&ca=2144635162

todays action in EXAI was another in a continuation of strong days. a couple things to note from the chart. yesterdays gap from .045 was filled, and the retrace to that point was a technical test of the 5ma at .0443. that's two birds with one stone. and -- as i mentioned yesterday elsewhere -- it also closed inside the bollies. iow, its creating a trading range, one with support lines that can be used to take the stock up in an orderly fashion. accumulation indicators have turned north in the last days. and where the trading had been at the bid, its now at the ask. a pause might be due soon. sentiment and momentum are all extended at the top, and, though it can stay in such a condition for quite awhile, its also overbought.

its generally hard to gauge real points when a stock hasn't got a lot of current history and trades so thin as to induce whiplash, but this one is doing volume. and the chart is coming into play. support in EXAI is now in at the aforementioned .0045, as well as at the past double top of .04. on a run ceiling become floor. below that the next point of support is the 10ma. this could see a technical test of that shortly. its not unusual. stocks that run up usually have to retrace to keep from flaming out in an exhaustion run. that said, the 10ma will be somewhere around .03 tomorrow and i'll have a little order in the queue tomorrow right there. already got a small hold of 10k below .01. was doing research and came upon a post by 'Wisebuys' about filings and a possible merger. he is indeed wise and i bought on spec. only wish i'd been paying attention early last week and snared another 10k -- big accumulator that i've become. without news i look for this to grind its way up and base somewhere here above .05, maybe even up to .10. news sends this higher.

MVPI is another one i think worthy of some of my attention. i have 10k at .015, and i'm thinking i wish i'd caught some yesterday at or below .01. though i don't think i'd be afraid to hit the current ask, i'll probably be bidding small for this tomorrow somewhere inside todays spread. the accumulation indicators are showing strength.

gotta a few busy days coming up, but i'll be a sneaking some looks in on these two when i'm not sleepin at the wheel.