Watched the video chart on CAPR. There are 10's and 10's of thousands of stocks out there, and I wonder why Sheldon chooses CAPR so often lately for one of his very few daily episodes of Fun With Charts.
They are amusing, however. For example, today I couldn't stop laughing when he suggested today's spike within his first 30-minute time slice was part a grand pump and dump scheme.
There have been fewer than 10 posts here since the first of the month, and a paltry TWO posts today. Some pump and dump!
Then he refers to a longer term look than his few slices, and looks at the past FOUR DAYS as "long term".
Never mind that he has NO CLUE that important news about the company came out pre-market.
That's the problem when you rely on a chart ONLY.
Quite the opposite of a pump and dump is occurring with CAPR, and it's very obvious. Instead of letting it run for the normal three days (pump), followed by the long slide back down (dump), every time the share price gains a little traction and it looks like it could head north and stay there, the money and the powers that be CRUSH it back down.
Thanks in no small part to Sheldon's group (members) who pay to get the signal from him to short a stock (the video chart), and other groups or funds. They are communicating, and are on the same page with their targets. Strength in numbers.
The chart is so disconnected from the larger picture, so BASIC and simple, showing where the stock HAS BEEN, and usually only for a handful of "time slices", with NO IDEA where it's headed, except that his mission is to bring it back down.
It happens every time a stock shows up on his Own personal alert due to a price increase. Guessing he has it set at 8% or better on the day. He then prepares the 3-minute SCRIPTED video chart for about 12 or 15 stocks and posts them.
His day is done, then his members pick up the pace the next day and short the stock.
Rinse, repeat. No news, no PRs, no rumors, no ANYTHING else matters, it's strictly and "If a gain, then attack" strategy.
Unfortunately for CAPR longs the nice gain on the day captured Sheldon's attention yet again.
News, presentations, and results WILL eventually crush the little guy and he'll pack up his green, red, and purple crayons and move on.
So meaningless and basic, those charts. They're a joke!
