Asleep at the Wheel

[Big Brother]

It's non-DTC eligible, there are no shares held at DTC at all, so technically it shouldn't be electronically tradable, at least with TDA, however, for whatever reason they did allow trades the first day. :shrugs:

[blademan]

Radar GETH. .0017 coming off bottom. Low floater.

[rich pearl]

the list (as of now) for the coming week

SOAN DMAN ASKH VFRM CNHC TBSS CCLX TGRO PSWR

[rich pearl]

the Inert and Inept

DCLT EIPC PSWR INTP CYNS CNHC

these are the last of a collection of some 25 (or so) bottom fed illiquids. this was a case of intentionally parking money in anticipation of a day that might never come. but.... in this game, if you buy low enough, and the stock doesn't have an r/s or get suspended, in time, it will prolly have a run -- and by 'run' i am not necessarily talking about doubling.

FTEG, NHPI, PCLI, LCTZ, CNHC were all 5 year holds that ran better than 20 fold in the last year. and, as was my rule of thumb with these, i spent no less than $100-200, and no more than $400-500.

so now i await the final six, where my average cost per issue is less than $200, and while the spreads are outlandish, as is usually the case of the illiquid, only ENHT has an ask below my pps. as is often said, 'patience pays' and....

over the last week or so there has been a gathering of momentum in PSWR, and in rising over the last two weeks from a bottom of .0013 it brokepast the resistance at .002 and .003 to reach a 5-year high of .004. this has the look of a coming 'coppa' move. i have an old 80k @ .00156. my conservatively current target is .0085. as is said elsewhere 'we will see'.

[rich pearl]

whoa! PSWR and VFRM in breakout mode AND

there's no dialogue. not a single post. now how in this day of apps that monitor and filter the trading is that possible? after all, if no one is watching or noting it, then who's buying it?

in the case of VFRM -- they're in the marijuana sector -- there's a small promo out there, but its weak tea. what isn't weak is the strength of their recent trading. they're a low float, fully reporting company that has the requisite liquidity for trading, and has been active in releasing news. they just had an 8k in regards to verifying the PR about their earnings, for which they thought their profit, though it wasn't over-sized, was still big enough to merit a filing.

i've previously posted a link to their chart, but... suffice it to say, this one is a potential 'value' stock and is clearly under the radar.

as for PSWR, are you kidding me? its just come from .0013 to a multi-year high of .004. and its suddenly begun to do volume on a regular basis. this one is seriously under the radar. last T/A count, its as of 4/03, has the float at 55M. this has the look of a coming 'coppa' pps.

[Big Brother]

I'm tempted to add, but got so many hibernating tickers as it is....lol.

I suspect that the 'exit' for the investors who bought the $23M worth of shares last year, is going to come in the form of a buyout, rather than market liquidity. There are a number of smaller banks, about the same size, around the Chicagoland area getting bought out recently.....and the new CEO has orchestrated another buyout with Wintrust Financial Corp and Community Financial Shares, Inc. (OTC US:CFIS) so thats probably where it's headed IMO.

The o/s is 230M, so looking at some of the other buyouts, for similar sized banks, I'd say if it happens it will probably be around .25 -.35 cents a share.....just speculating though, could be worth more.

Probably a longer term hold, but not a lot of risk at .15 or .20 cents at all, will pay off one of these days.

[rich pearl]

hey Bro, how goes?

can't state for other trading houses, but when i went to put in a bid order for MCHN i got the message that AmeriTrade is not accepting on-line trades; gotta call it in. so there's that when noting the illiquidity.

in any case, after being either lied to or having had a tale spun for me whenever i talked to someone, i rarely bother either management or their IR's anymore. i think its a rather safe assumption to assume that no one ever wants to paint a less than positive picture, so i just try to hit some relative bottoms, for which i set targets, and then i filter out the noise and play the charts if they get active. for me, MCHN is an in my drawer stock. one day i suspect i'll take it out for a spin. until then, its parked.

and uh... yeah, $.15 is indeed measly. but, then, i only own 1k @ .20, so i'm prolly gonna sleep on it til' a hibernation mode ends. are you thinking about adding on?

be well! and happy trading to ya'

rich

[Big Brother]

Rich, I was curious, have you touched based with MC_HN management yet..??

Wonder, if they are going to start SEC filing soon..?? Given that they are not paying dividends, I'd like to think the folks that bought the $23M dollars worth of shares last year, would like to see some kind of exit, some day...lol.

Right now there is zero liquidity, I'm surprised even at a measly .15 cents there are no buyers for a new issue bank with $200M+ in assets, I think .15 only puts the MC @ about $34M, they just got a $23M dollar infusion of cash alone.....surely it's worth more than $34M.

[rich pearl]

April???

1-3mos (10.025)
trade? RJDG SOAN DMAN
sell? VFRM
add? ASKH

3-6mos (3.15)
custody CNHC CCLX PARS TBSS

?? (2.225)
add? HKEB
sell? LOGQ MMNT TGRP
watch WOWI

? (.55)
lotto TGRO

C600

[rich pearl]

the difficult part of changing the way you play this game is in the breaking of old habits. i'm fairly conservative, and generally disciplined. i don't tend to rush into things, and by the same measure, i tend to dip my feet first before wading in. but...

i'm beginning to work bigger positions, and money management is still an issue. it played a part today in my buying TGRO. i know that hindsight has the benefit of already knowing what happened, but i'm wondering if i wasn't bold enough with my buying. i like the way this traded today and it seems to me in accordance with my newer money values, i should have grabbed 1M shares.

that said, i didn't like seeing the bid boosters with their props. those bids are way out of whack and serve more as fodder for selling, than food for buying. the idea behind a bid of that size is to induce buyers by making it appear that the support is unbreakable. and do i believe that? want to buy a bridge in Hoboken?

matters not. one has to ride the waves were they take you. this traded up almost all day, and closed very strong. it did a lot of volume and watching L2, it looked to me that it established a base of support at .0013. a trade tomorrow of .0016 flips the PSAR, and the bid break over .0017 sets up a test of the 50ma at .0021. break that and it could run towards the 100ma at .0037.

https://www.barchart.com/stocks/quotes/TGRO/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=TGRO&grid=1&height=500&studyheight=100

[rich pearl]

so, i'm gathering together my swim bag -- hey! the market is not the only place where i spend time underwater -- and i notice a prop holding bid booster in TGRO trying for 93M shares at .0013. now ask me if i believe that's real?

its hit .0015. can it break .0017? i believe that was where the last push took it. haven't had a look at a chart or data, so i'm relying on the grey cells, and, by now, they're probably running on fumes. but i digress.

[rich pearl]

added TGRO

grabbed another 200k @ .0012. i'm dun' here. i'll ride this horse with what i got -- 500k @ .0011

[rich pearl]

took a small position TGRO 300k @ .001

got them near the open while on the bid. lately this has been a dilutive trader and hit the low of the year on Friday. bid x ask went .0009 x .0001 after my fill, but its bounced since and i'm bidding for another 300k @ .0012

[rich pearl]

strange as it may seem, it is often harder to hold a winning stock than it is a loser. things are pretty cut and dry with a loser. if its gone bad and you didn't dump early enough, its more than possible that the return will be negligent. and if its hanging near break even, the temptation to await either a breakout or target is clearly palpable. of course, no one buys to lose, and sometimes waiting is simply the best recourse.

on the flip side of that is the winner. if the return is nearly exponential, how can you not sell it? after all, big gains can slip away all too easily, and living with a missed gain after selling too early has none of the hurt in it when compared to a sell that came too late. in that case, the hurtin' is more like a curtain closing on the last act than it is anything else.

the other thing to think about when considering the sell of a winner has to do with playing the percentages. my current holding in SOLI is up more than 60-fold. a run from here to a dollar is just another 4 bagger, and while that is nothing to sneeze at, nearly every penny stock has no less than a double in it, and that's just in terms of trading inside its (current) bollies. with a breakout.... well, i find it hard to believe i don't have another 4 bagger among my holdings. fact is, i think i have several. but i won't know that for sure until it happens (or doesn't) and its because of that uncertainty that i have to take my profit from where i can.

its impossible to last very long in this game when you're only selling losers.

[rich pearl]

LOGQ added 4k @ .13. brings me up to 5k @ .145. this is thin. its also half asleep, with no one at the wheel. its awaiting a new CEO.

[rich pearl]

Peking Inn

looking, of course, for some Mandarin Chicken. and what do i find:

smokin' SOLI. .20's are just around the corner from the light of day

parsimonious PARS 'leeking' out shares. updated Nevada SOS shows Chiang in control. bid break over .04/.042 could send it.

virtualized VFRM, possibly transforming itself into a trading. support for a higher base, low .60, has been growing. bid breakout is around .75

[rich pearl]

Mid March: following up on the Madness

awesome Feb/March so far.

1. LCTZ 50k @ 004 sold from .05 to .20. sold too much, too early, and too cheap, but average sale was .096. and considering the time constraint for finding funds for bills, i’m satisfied. could have dun’ better, but rode that horse where i wanted. kept 10k as a cash asset.

2. CNHC 170k @ .0015 sold from .05 down to .031. i wad away from following the market for two hours on the day the 8k denial of the rumor comes out, so i exited early, lower than planned. that was an oops! my average sale was .0384, but i should have sold the .06-.07 range in the pre-8k morning and then rebought. i've grabbed 40k @.021 since then and am looking to add on if funds come available.

3. SOLI 40k @ .0003. took some profit and cleared shares for a long hold with small sells from .05 to .10. average sell was .07. i still have 10k at year-to-date (total cost divided by left over holding) @ .075 for use as a cash asset. i'm offering them at .15. much as i’d like to hold some things ad infinitum, i have bills to pay and can’t afford to pass up profits. that said, i've reserved 200k for no less than .20-25 to start with. of course, simply as a matter of finance, i'll be hard pressed not to sell at least 40k @ .25

anyways... all 3 are still in play, with near term forward events expected, mostly filings and could make moves by mid-April

as far as the rest of the current port -- RJDG SOAN DMAN ASKH VFRM CCLX PARS -- are all in the midst of some sort of accumulation/redistribution phases.

my (not exactly etched in stone) 1-3 month targets:

RJDG 700k @ .0075. last year i sold .0089 shares at .0292, but, as has been my wont, i made the mistake of not closing out, and, furthermore, adding on at a point that was too early. and, then, when my need for funds elsewhere closed off the money faucet -- i'd intended to build a position with 1M shares -- i was stuck with this cost. its my punishment for having eaten too often at the trough for too high a price. nonetheless, i should be alright, and i’m waiting for a break out and run to .012-.014 where i will leak 200k of my shares. this, fwiw, is a full year play and my 6 month target is .03.

SOAN 100k @ .0135. that’s a tad high for its recent range, and closer to where it needs to breakout than a bottom. the support at .009 is under pressure, and this could pull back a bit more. its oversold, so maybe.... i flipped this last year .017 to .0485. ?i’m looking for a run back to .03x. time will tell.

DMAN 93k @ .0065. this is in an accumulation area, and i'd be willing to add on around here. i traded this twice two years ago, first from .0059 to .025-.03, and then from .0091 to .038-.042. bought back, again too early, and waited through last year before selling my .013 at .0194. i’m looking to add on here (if funds are available.) target is a breakout over .008 and .014. this could run back to .02.

ASKH 40k @ .005. these are leftover shares and not for trading. its intended as a longer play, with an initial .20-.25 target. am looking to buy a trading position under .02.

VFRM 1.8k @ .55. this recently broke past the year high at .52 and extended the range to .70. on a break, bid over .75 its set to run back to 1.00-1.10. i will be a seller.

CCLX 200k @ .0048 awaiting news of custody hearing. very thin trade that could have big run on break of year high at .01. looking for .02-.04 to start with.

PARS 20k @ .02 this custody play is expected to need a longer hold. its currently in need of an SOS update.

[rich pearl]

Thin, illiquid and ‘who knows when?

HKEB LOGQ BLYC LWLW MMNT NDVN TGRP MCHN PSSS WOWI INOW VMII ATIN EMBT ZNDX

when i began redoing my leftover portfolio -- years of being forced to sell my winners because of money issues had left me with nothing but losers and write-offs -- i took the path of putting together a small collection of dormant issues and thin shell and reverse merger candidates, and had some luck with those kind of sleepers. though they take a lot of patience, conservative playing often produces returns in the 4 to 8 bagger range, if not far greater than that. of course, we are talking parked money, but i have nonetheless been known for being prone to throwing $200-800 (generally less than $500 on average) at these and then waiting for the arrival of Gidot. his arrival, btw, can be quite fruitful.

case in point: i had EXAI @ .006 on its way to .30, and last year i traded FTEG from .0002 to .005, PCLI from .0002 to .0013, and NHPI .0001 to .0008. at the time of the NHPI sell i desperately needed the money, and then when i had the chance to recoup the shares, i flat out missed it. but, as long as you survive, there's always another play in this game, and i recently sold LCTZ, bought at 004, and CNHC, held from .0015.

of course, the problem is that pesky ‘when?’ business. trading thin or dormant is nothing if not about ‘when’. i waited for years for the aforementioned, and now, this being an influx/outflux collective, after a year and a half of transmogrification, i'm holding a new hand, and, i suspect, should i choose to stay long with them, it will take no less than 2-3 years for this latest consortium to completely play itself out.

currently on ‘slo’ watch:

WOWI 20k @ .01. a 15-12g filer with some recent trading around .019x. 6M O/S. but ‘when?’ on bid break .025 i ponder a sell.

LOGQ 1k @ .20 3M O/S SEC filer recently traded around .45-.65. its prolly too late for adding on at or below my entry, so i’m simply looking for a sell that begins at no less than .75.

NDVN 300 @ .88... oops! bought too high, but its a small holding. not sure what i’m doing here, but i see volume coming in on a bottom bounce. or is that a button bounce, and it will all close in soon enough? hmmm..

[rich pearl]

CDIX

say what?????????? and here i thought i had a loser to offset some of my recent gains. impressive chart day. past .0005 this should (or could) run to the 100ma at .0008.

who'd a thunk it?


https://www.barchart.com/stocks/quotes/CDIX/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=CDIX&grid=1&height=500&studyheight=100

[rich pearl]

CNHC

might have put in a bottom here. if i had loose funds i might be considering adding on. then again....


https://www.barchart.com/stocks/quotes/CNHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=CNHC&grid=1&height=500&studyheight=100

[rich pearl]

SOAN

added today. looks, feels and has a chart that reads as oversold. appears to have found a relative bottom. could (or should) be turning soon.

https://www.barchart.com/stocks/quotes/SOAN/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=SOAN&grid=1&height=500&studyheight=100

[rich pearl]

link to VFRM daily and weekly chart

on a bid break of .55 this should test last years high of .75. the two charts below show a stock being accumulated. looks to be ready.

on the daily, the moving averages are in alignment, fastest to slowest, which bodes well for a continued uptrend, and, on the weekly, there's a bullish candle with a chart that calls for a test of the resistance at the top of the bollies. the daily rsi's are a tad high, and williams and sto's are both approaching oversold, so this could have a breakout and then a pullback to consolidate...

that said, somethin' is a' coming.

https://www.barchart.com/stocks/quotes/VFRM/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=VFRM&grid=1&height=500&studyheight=100

https://www.barchart.com/stocks/quotes/VFRM/technical-chart?plot=CANDLE&volume=total&data=WO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=VFRM&grid=1&height=500&studyheight=100

[rich pearl]

March Madness

port watch: custodial, RM, repeat plays

$10k budget DEVM CNHC SOLI CCLX PARS RJDG DMAN SOAN ASKH

am just about all in, only 400 smackers left to play with. currently watching SOAN and ASKH for add ons.

quick notes:

PARS custody awarded to the Chiang gang. could break year high of .04. in the near future.

CCLX looks to be under accumulation. custodial hearing on 3/19
rent
am holding SOLI and ASKH as long plays. there's a distinct possibility that their current prices will double next week.


** also watching VFRM for breakout -- bid over .55 -- to close 'drawer' position. its been under promotion. could hit 1.00 **

[rich pearl]

on the day so far: a look at how my recently charted are playing

MLHC still playing to the fibs. retraced to the Fib50% .0015 -- there weren't enough shares at .0014. its consolidating nicely here, and has already bounced back towards the open at .0019. should it close even the candle would be that of a dragonfly doji. it would be a sign of strength; a statement that after the stock was pushed down it came all the way back

DMAN talk about sleeping at the wheel of my car, this one has pulled over for a siesta. with no volume to speak of the one thing to note is it is holding its recent bottom. but... yeah! volume could take it either way.

FTEG tested the support of yesterdays break over .001 in the morning. here in the afternoon its begun to test the resistance at .0016. this is getting g accumulated. its in play.

PCLI quiet day, but, unlike the days unto weeks unto months unto years of no trading, it did some small volume. and its holding this .0004/.0005 area. that's a step up from the recent move up to .0003/.0004. ask blocker has returned but... does someone know something. i certainly don't.

RJDG had revenue bearing news today, which got a yawn from the market. needs volume to break out from this down slope.

ASKH decent volume for how thin it is, but its mostly bid sitting. i know how bid buys can represent support, but... cue me in. how does it move the price up? well! someone is happily scarfing up cheap shares.

CNHC hasn't reacted to the custodial court hearing tomorrow.

**might do some chart reads later**

[rich pearl]

DMAN chart update

the recent uptrend is still in place. it bounced off both the 10ma, a technical test of the upline, and the 200ma, which had been the resistance, and closed just above the 5ma. this implies the possibility of a strong base with solid support on the slow line.

seen through the chiosc and a/d, there appears to be some accumulating going on. the cmf shows good pressure on the ask, and the momentum indicators -- ppo and macd -- are both showing continued strength. this could be getting ready for a bust out. definitely one to watch.

[rich pearl]

PCLI FTEG

haven't a clue why, but PCLI looks like a move is in the making. doesn't have an oversized OS, and, whatever overhang is out, it doesn't appear to be much. i've noticed an ask blocker, but he's been running away when the volume is on the ask. this is trading up and thin. i'm suspecting a move to nigh .001 this week. its come from .0001 x .0002 to .0004 x .0005 w/ a year high of .0006 and the rsi hasn't even entered the power zone.


https://www.barchart.com/stocks/quotes/PCLI/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=PCLI&grid=1&height=500&studyheight=100


FTEG had filings for the first time since 2014. it has a low float, 200M, and there appears to be some sort of new business, or reverse merger taking place. there's resistance here, on the chart, from .0014-.0016 and up to .0022. a confirmed break on the bid at .0024 sets up a test of the year high at .004

https://www.barchart.com/stocks/quotes/FTEG/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=FTEG&grid=1&height=500&studyheight=100

[rich pearl]

MLHC chart/fibs follow-up

as noted in the linked post, this has been playing to the Fib extensions from off the retracement. the candles of the last two days were from .002-.022 and .0019-.0022, or, more apt to the analysis, averaged out as .0021 and .00205. the Fib61.8 was .0021. the fact that it didn't average up suggests a retracement. so....

in talking with Mr. Fibonacci i told him i saw a run begin at .0008 -- though it bottomed at .0007, it closed that day at .00108, and then pulled back to a bottom of .0008 -- and from therein it went to the top of the highest candle, which was .0022. if a retracement is in place, where did Mr. Fib say it would go?

fib 23.6% .0019
fib 38.2% .0017
fib 50% .0015
fib 61.8% .0013
fib 76.4% .0011

iow, todays low of .0017 was a perfect fib. should this continue to play to the fibs, it will prolly test .0015, or even .0013. given the volume, or lack of its excess, i consider this to be a very healthy low volume retracement.

anyone wondering why its healthy? very simply put:

1. it nails down the base for a higher platform. this just ran from .0008. if the pullback is to .0013 or thereabouts, isn't that a higher base?

2. it keeps the chart from being overheated. lessens the reasons for system traders to sell.

3. it exchanges traders who bought lower for traders at a higher level. those who bought low are more apt to sell. hence the term 'stronger hands'.

4. it washes the range. notice the dwindling volume?

5. and, lastly, it gives accumulators the opportunity to... yup! accumulate.

now a look at the chart.

i'm beginning to think the pattern is that of a pennant off of the pole. its a continuation pattern. the confirmation of a strong uptrend was in the lining up of the moving averages. today this closed on the 5ma, currently at .0019. a hold of that support would be a another indication of just how strong this is; but, in trading at .0017, it pierced the support and approached the 10ma at .0016. i suspect there will be a test tomorrow of that support line. it could even test the 20ma at .0015. this, btw, does not represent a breakdown on the chart. fact is, these are the kind of technical tests a stock goes through on its way up. every bounce off of the support builds a bigger base at that point. this is why one so often hears the terms double bottom, triple bottom, and so forth.

one last note: the volume tells a tale. the retracements and bounces here
are all happening on lessening volume. iow, this is the consolidation period. for this to be a sell-off, the volume on the way down would have to spike, and you'll know that's it dilutive should the price retreat on ask trading. at this point in time, that is most unlikely. but, hey!!

** just a side note, i'm more than willing to discuss or have my analysis
critiqued. but the majority if ihub-ers, for all their talk, don't know much about research. find me if you can! you're welcome to come here **

https://www.barchart.com/stocks/quotes/mlhc/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100

[rich pearl]

Corky Siegel 'Half Asleep at the Wheel' lyrics


I'm like a blind man driving,
Down both sides of the road,
I got nine hours behind me,
I got nine more to go

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

I've got my foot down to the floorboard,
I'm in a one-car race,
My radio is slapping
Country tunes across my face

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

My eyes stay open dreaming,
About sleeping in my bed,
Sinking deep into my pillow
'til I gently lose my head

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

This coffee just ain't working,
But I'll try another cup,
If my baby were here with me,
She'd know how to keep me up

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

I've got all my windows open,
I got my head out in the wind,
I've got JC on the dashboard,
Just in case I need a friend

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

These pretzel sticks and bennies
Don't give me much relief,
I've got one eye on the State Patrol,
The other eye is asleep

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

My head is getting heavy,
My eyes are killing me,
If I don't keep them open,
I'll be looking up a tree

I'm half asleep at the wheel,
I'm half asleep at the wheel, but I'm only half a day away.

[Todmohr]

Rich...Thanks for the technical evaluation on NRPI, and the kind words. Basically - as I believe I may have noted before - my success here is in large part due to being patient and holding, which I have, in large part, learned from you and your successes in doing so.

Thanks as always,
Ian

[Todmohr]

Rich...Thanks, as always, for the helpful link - and the equally thoughtful remarks surrounding the chart template. After things settle down for me, I will definitely check out the chart template and follow up with any questions I might have.

Regards,
Ian

[rich pearl]

Ian,

NRPI had a strong day. good volume and a psar flip to light the big candle. this pierced the bollies. next resistance looks to be in the area .005-.0055. could go there tomorrow and then pull back. going to need to absorb the spike, but hey! this is garnering some attention. the game is on.

nicely played, mi amigo!!

https://www.barchart.com/stocks/quotes/NRPI/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=NRPI&grid=1&height=500&studyheight=100

[rich pearl]

DMAN weekly chart

this looks to be breaking out of the .004-.008 channel. the candle has pierced the bollies, and there is no real resistance once past .011. the next moving average that stands as resistance is the 200ma and that's at .046. with the right volume and momentum this could easily go to .02 (and higher.) i'm looking at you there mr .0225!

[rich pearl]

yada, yada

maybe i should have dumped the last of my TGRP -- holding 500 @ .50, already covered, cleared and pocketed since last sells were at 1.50 and 2.00 -- when this had a bid of 800 shares at 1.45. that was yesterday. but after nearly an hour, that bid disappeared with no trades and went to 200 shares at 1.05. nope! i'll wait.

someone is buying the .0003's in PCLI. though the volume is slim, just 2.5M, not enough to move a low trip zero issue, its the fourth day in a row with some volume and when you consider it traded barely at all for nearly 8 years... well! wish i knew why its getting the attention its gotten, but i'm not complaining. just trying to be patient.

[rich pearl]

the 20ma in ASKH has begun crossing the 50ma. today this rode the 5ma to the top of the bollies. its broken into the RSI14 power zone and looks to be under quiet accumulation. this is super thin and should run hard once past the 200ma at .0375

this would be a very timely moment for a filing and some good news regarding the merger. with the right news, this could test the year highs in short order.

[rich pearl]

on Tuesday, SOAN failed to confirm the bullish hirami reversal signal that was on the chart, and, then, todays candle was red. the bollies have turned south, and this has begun to exhibit signs of getting oversold. looks like its going to test the support at .02, and if it can't hold there this could go back to the old resistance around .014, or even all the way back to .01.

i would like to be a buyer, and i've freed up some powder. i'm left then to ask myself: do i try and grab them here? or wait to see if i get them lower?

i'm going to opt for the latter.

[rich pearl]

DMAN chart

interesting day. new symbol for the name change. as predicted yesterday -- oh wait, that post disappeared with all its data because i was not generous to the genius postess who suggested it needed to r/s to quickly get from .0075 to .01 -- it broke out today and traded the penny.

lets go the chart.

bollies widening. support growing. bounced off the 50ma. 20ma about to cross over the 50ma -- that's an early golden crossing.

closed on top of the 200ma. could be turning it into support.

volume was up, and a few holders took the opportunity to divest, but it needed the shares. this trades thinner than it should.

CCI and StochRsi are heralding a possible run.

RSI14 enters the power zone around .01. shouldn't show as overheated until it gets to somewhere around .014.

but...

got a small gap on the chart just below .0059. and the candle is a spinning top. the longer shadow on the top infers some exhaustion. this looks to be in play, but tomorrow will tell us whether this is going to have to grind its way up, or whether it will run.

[rich pearl]

MLHC chart

another nice day. candle was the Fib50% -- .0018-.0019. next stop is the Fib61.8% at .0021, which, coincidently, is the PSAR flip. this is all playing out as textbook. the next Fib after this is at .0029.

now lets look at the chart.

bounced off the 10ma, turned it into support.

5ma crossed over the 10ma. all moving averages are aligned, fastest over slowest. after riding the 5ma for 3 days, this has begun to head to the top of the bollies.

psar flip tomorrow at .002/.0021 lights a candle. sets up the run.

williams and sto's have turned northward. iow, there's more buying than selling.

accum indicators -- A/D, ChiOsc, OBV -- are rising. shows the float being eaten as buyers buy more and sellers sell less.

there's growing pressure on the ask -- CMF

PPO -- it reacts to the change of momentum quicker than the MACD -- is diverging upward.

now we're just waiting on the CCI and StochRsi to herald the breakout.

all in all, past .0021 this could begin to run hard. volume will be key. this one is ready!!


https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=500&studyheight=100

[rich pearl]

diatribe time

i think i'm going to hang here. do a few charts. run some numbers. glom some facts, and rule my own universe, where i don't have to read the drecht that is most of the hub, when bilious, bloviating blaggards braying braggadocio are the norm with little exception. not to mention running afoul of pontificating polemicists taking umbrage at both my words and my data points.

did you know its a TOS to criticize (or even use the word) m/o/d?

that asking the question 'are you kidding me?' and suggesting a post had a thought that was ludicrous is mean-spirited? or that the word 'folly' is over the top?

and stating that the majority of posts on a board lacked intelligence was a TOS.

oh yes, i've had many posts flagged for my attempts at some sort of 'delectus desideratum' in snark mode. but, then, i'm not really the sort of poster who the Hub desires. for one thing, i don't tolerate idjits easily. worse yet, many of my posts are databased. and that, too, doesn't play well with the powers that be.

but that's not all. i've had posts with charts, trading logs, fibs, and snippets from filings ruled as off-topic.

and the best was when i had a post where i named some particular posters as worth following, and was informed that mentioning other posters is TOS. of course that post vanished. far be it from me to have realized ALL posters are worth reading. that is if you call the reading here reading. personally, i think its all in Morse Code.

oh, yeah, no doubt it... i'm an unruly ruffian with a razor sharp keyboard and my opinions of others should be kept to myself because they are opinions and not fact.

otoh, i've been called a pompous, narcistic, full assed-backward 'fracker' and piece of you know what who loves to hear the sounds of his own voice. that piece of calumny was not flagged. obviously it is fact, not fiction.

so, thank you ever so much Hub. now go lick my bicycle seat!!!

wow!! what a nasty post. think it'll pass muster. or should i put some ketchup on it?

[rich pearl]

SOAN Chart

holding 20k -- mostly covered -- cost basis is .029.

today's charts has a bullish hirami on it. its a two day candlestick pattern heralding a trend reversal and an upmove, but, as it is with everything else, confirmation is needed. in this case it needs to trade above .024. there's good support at .02.

[rich pearl]

ASKH chart

holding 40k -- already covered -- cost basis is .01625. last sell was .072. these shares are tightly held. my near term target is .15.

two days does not a chart make, but the volume and pressure, as seen on L2 is palpable. its hard too say if this is ready -- it prolly is -- but when is a question yet to be answered. i take note it closed above the bollies two days in a row and hit the 100ma today, and all the indicators have turned north, but....

should be a good buy in the .02's.

[rich pearl]

Current Noted -- Illiquid thin

HKEB ATIN VMII PSSS EMBT WOWI INOW LOGQ ZNDX

these are very thin and the spreads are wide. there are some potential ten-baggers here with just minimal news. i suspect i will carry all of these into next year.

[rich pearl]

Marked -- Old Inert

LCTZ CNHC PCLI FTEG DCLT EIPC INTP CYNS PSWR ENHT

after a little more than 2 years of whittling down a portfolio of illiquid stocks, all of whom date back to at the very least somewhere around 4 years, i'm left with just these ten. the downside was in the parking of $1900, which isn't a lot per se, just an average of less than $200 per issue, but... it hasn't yet become money well spent. that noted, the upside is that only one of them has an ask lower than my average, and i'm in low enough in all these thinly traded plays that nearly all of them have 4-5 fold potential. and they seem to be waking, albeit slowly.

two of them, LCTZ 50k @ .004 and CNHC 170k @ .0015 have recently become custodial plays. following their recent activity, they have both based at the double of my buys. my targets begin with the next breakouts. i am looking for CNHC to bust past the year high of .0055, and LCTZ upon a bid break of .014 to test the year high of .0186.

PCLI 1.5M @ .0002 seems to have been woken up today. that .0004 print of 3M is a high water mark that goes back to 2010. i haven't a clue whats up, but if this breaks .0004 on the bid it could go to .001 and i'll wave good-'buy'.

FTEG, DCLT and EIPC are $300 worth of leftovers that i'd kept after i'd sold for profit and cover. i thought they would go higher, and they still might, but... should have dumped the rest of the FTEG 400k @ .0002 when it was still over .002.

of the other 4, $850 hedged to the future, only INTP has drawn any interest from the market. CYNS PSWR and ENHT don't deserve further comment at this time.

i will look in on this post at the end of December and make comment then.

[rich pearl]

Ian, for your edification (as well as for anyone reading this)

a link to a configurable chart at the Barchart website. this comes w/ multiple moving averages and indicators

https://www.barchart.com/stocks/quotes/MLHC/technical-chart?plot=CANDLE&volume=total&data=DO&density=L&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA%285%29;SMA%2810%29;SMA%2820%29;SMA%2850%29;SMA%28100%29;SMA%28200%29;BBANDS%2820,2%29;PTP%2850%29;BOLLW%2820,2%29;RSI%2814,100%29;RSI%286,100%29;SMACD%2812,26,9%29;PPO%2812,26,9%29;ADX%2814%29;WILLR%2814,40%29;STOSL%2814,3%29;STOFA%2814,3%29;SRSI%2814,20%29;CCI%2820,100%29;ACCUM;CHKOSC;OBV;CHKMF%2820%29;MFI%2814,100%29&sym=MLHC&grid=1&height=210&studyheight=100

i've set this as a basic template, you can change the symbol for whatever stock you wish. it tends to be anywhere from 15-30 minutes delayed, but, unlike the ones at Profitspi, which doesn't update until near midnight my time, and Stockchart, which doesn't update the a/d, obv, chisoc and cmf indicators until nearly 6pm, it does an intra-day update on everything.

a couple quick notes for ya':

this chart uses crosshairs, so you can mouse over and see the readings for previous days, etc.

and you can add (or change) indicators and moving averages through a drop-down, or subtract them by clicking the minus sign on a listed indicator.

lastly, the duration links at the top -- 1-day, 5-day, 1-mth, etc, -- represent different time settings. thus the 1-day is the 5 min chart, 5-day is 30 min, 3-mth is the daily, and so forth. those are default settings, but you can override them in the boxes for the period you wish to study.

let me know if you need some help with this.

[rich pearl]

OCLN a ppo-adx pincher chart

caught this one while looking through Georgie18's House of Gain.. board. for those few who might read this post, Georgie18 is one of my favorite Hub chartists. the man from Brooklyn is worth the follow!!

any hoot!

been awhile since i followed a pincher in action, and this has a very nice setup. i had a few dollars sitting aside, and though i'm not in buying mode -- sad to say, in a market that looks to me like a bottom feeders delight i'm working within a tight budget, and because of it i need to be a seller first -- and so i entered small, 50k @ .0026. general targets in this type of pincher are the psar, 20ma and 50ma, in that order.

iow, relative targets are around .0053, .0066, and .0174

key indicators to watch are the rsi's -- usually want to follow the rsi's 2, 5, 6 and 14. they will flip the order from being slowest to fastest on top -- and the turns for the signal lines of both the ppo and ADX.

[rich pearl]

INMG chart

3rd up day in a row -- white candles with higher lows and higher highs, and a psar flip today to light the candle. stock broke resistance and took out the 3M block of shares sitting at .0077. once past there it ran on low volume towards the rsi14 powerzone of 70 at .0095 where (though it traded some shares above that) the bid could not garner enough support for a further breakout.

that was interesting, but because the stock had begun to trend up, todays candlestick -- a small candle with a long shadow above -- is better known as a 'shooting star, where it's generally seen as an indicator of a price top and reversal. given the three day pattern, tomorrow will be very important in seeing whether today's wick was a sign of exhaustion or a continuation of the uptrend. confirmation of it being a 'shooting star' will be seen through the close tomorrow if its lower than than the bottom of today's candle.

iow... a close below .0068 could open a trap door to lower lows.

that said, todays breakout was done on only 5% of the 'currently' known float. that's a relatively insignificant portion. what i see on the chart through the Accum/dist and ChiOsc are retail traders selling off shares. i would venture to say, that this looks less like a dump and more like the trading of speculators who either averaged down or entered recently and were satisfied to leave now, as versus hanging around to see what the near future brings. this, as i've said before, is because the word 'long' has little to do with time. its a verb signifying a yearning. pennystock holders have very low tolerance levels for biding their 'thyme'. they would rather cook and sing songs with 'rosemary and parsley'. unfortunately, it takes more than a micro-minute to make a souffle.

i look for this to test the 50 and 100 ma's for support. should they hold, i suspect this will trade the new range and consolidate near the top of the bollies before testing the new 3 month high. volume is key.

[rich pearl]

had to pull out all my loose funds in Mid March and have done very little trading since. markets been ugly, but... no excuse.

so...

on my watch for sells last two weeks of August:

ABPR thin trader. 500M A/S just about fully used. breakout is current area. bid hold over .0008 should send it to .0015-.002

MLHC recent news. needs follow up with continued volume. looks to be building new base at .0002. break out is bid over .0004.

LCTZ custodial case in early Sept. thin trader. basing around .007. once over .012 could go back to .018 and on to .02.

VLNX triangular r/m in process. over .0055 sets up possible run to .01-.02.

SSWH been slowly trending up. break out could be somewhere here in the upper .50's

[rich pearl]

ugh... chart was looking good. but... ASKH isn't a flippable stock. its a longs play and right now it looks to be in accumulation mode for those interested. if i find money i may add on.

[swanlinbar]

Thanks Rich ,i added a few more on Wed.I have just under 100k shares & hoping for the best with my lotto. Tks for great chart analysis again
G L

[rich pearl]

haven't done a lot of posting here lately. maybe that's because much as i enjoy 'righting', i occasionally pine for the company. but, then too, two can be too much too. so... where was i? probably in space, in search of Camelopardus. but i'm grounded right now. and i have some inert stock in my port that may be coming out of hibernation. no idea how long they'll stick around.

INTP recently woke and spiked up to where i could have gotten out with the last of my .002 shares at .005, but i have such a small position -- less than $200 invested -- and it trades thin, so i figured i'd get greedy and wait for a better run. then, of course, it went back to sleep. but i no longer think its dead. i await the Phoenix.

MAGP. took a quick almost 4 bagger on it. had 160k at .0022 and sold at the long standing order of .008. that was too early. should have gotten greedy and waited for my initial target of .02 -- it went too .04 -- but the news and move came while i was swimming and i never had a chance to change the order. no big deal. i had given it up for dead.

which brings me to LCTZ. it popped, went from .002 to .018 -- my pre-set order was at .02, natch -- and i could have exited at .016. i was watching. it happened after a swim. maybe i should stay in the pool more often during trading hours. anyway, i held. i've got 50k at .004 and i think there's the potential for a bigger run here. there are some stocks i keep a portion for a second sell. this won't be one of them. my order at .02 is still there. haven't decided if i want to hold for higher. prolly not! its a hijacked shell. new player, too.

sold 300 shares of TGRP. bought at .50 and when it finally came up to 2.00 on the bid, i let go of some. i was sitting with a small offer at 2.50, but a MM cut me off to sell his shares at 2.49, and i decided it was never going to fill my sell at the ask unless it was running, so i waited for the bid. for most of the last year the spread was something tight, like .11 x .89. naturally it was inert. but then the ask ran away and suddenly it was .50 x 2.50. and then the bid went to .51, .52, .53, .55, .75, 1.00, 1.50, 1.55, 1.70, 1.75. none of it with any size, mind you. so when the bid finally ground its way to 2.00, i said 'thank you'. of course, i didn't sell enough to tank it, just enough to cover my leftovers, 700 shares, and given how it doesn't look done, bid simply dropped to 1.80, i undoubtedly sold early. now comes the waiting game. its a stock not yet two years old and there have been NO promotions for it. i think its going to at least $4-5. but if it doesn't, i've already covered it.

another dead one, MLHC, had news today. there's huge bid at .0001. but... i'll pass judgment for when the bid goes past my hold at .00018. its a lotto play. i have 5M shares.

and EMBT finally traded. spiked up from .20 to .27 x .35 on a few thousand. its uber thin. and currently SEC delinquent. so.... we wait with trepidation. i'm carrying 1.5k @ .47.

well..... that's enough finger chatter for now. who 'nose'? maybe i'll be back on board sooner than later. that is if i can 'sea' past my 'knows'.

[rich pearl]

swannie me boy, the ASKH chart was very positive today. ALL the indicators on my chart turned north. as i noted on that board yesterday, it looks like it hit a bottom and began to turn. it doesn't look like there will be shares for me around .015.

its easy to like todays chart. for one thing, slow or fast, it sets up beautifully for an upmove. the stochrsi has an early buy signal, and the impending positive convergence of the macd points to the direction. moreover, a close tomorrow over .035 flips the 200ma from resistance to support, and sets up a test of both the 100ma at .05 and the 50ma at .055.

i suspect we will soon see a psar flip that lights a candle.

best to you and yours

rich



a good filing could and should send this past the highs of the year