Asleep at the Wheel

[rich pearl]

2021

RJDG .006375
ASKH .021
NSTM .12

CBBT .0008
SOAN .000826
UAMM .0018
NXGM .02

GBHL .00058
PFWIQ .00037
CZNI .0008
TNEN .003
UPIN .02

PLYN 1.05
KAVL .405
IWSY .135
TQLB 1.00

[swanlinbar]

Rich hope all is well,ASKH Don't be Asleep at the Wheel on this one!

[rich pearl]

moi? quality? damn near lost my lunch box on big caps 20 years ago. i'm a bottom buyer, and as long as it doesn't r/s bigly or fold -- i won't buy or hold SEC delinquent -- i bide my time, and i've turned a profit of no less than 4-10X on more than 2/3 of my holds. that is not to say i've had no losers, but the ones that hurt the most were the ones i didn't bottom fish.

'sides which... we didn't chat stocks that much. it was mostly narrative. in those days i was posting my thesis about the market as a multi-platformed WWE written casino, one filled with squared circles for each stock, and in each of them players chose their poison by either daytrading via the roulette wheel, position trading in a game of blackjack, or going long while turning over the cards in poker. in any case, it's the potential of a story, fact or fiction, that piques my interest. sometimes it takes a long time for it to come to fruition. then again....

today i entered OPTI @ .0128 prepared to buy lower. but it didn't want to wait on me. of course, that's today story. tomorrow may offer a different tale.

[fung_derf]

Actually, I was going through my old saved posts in my files and you were one of them.
I think it was the post where you swore you'd only buy quality stocks, but maybe not.

[rich pearl]

ahem... just to note the ones i mentioned -- there were other winners, as well as a few losers. my win percentage is pretty good -- i had LCTZ @ .004, CNHC @ .0015, NHPI @ .0001, FTEG @ .0002 and PCLI @ .0002. had to wait a few years, but...

bear in mind, i'm not a big player. none of those stocks had more than $250 in them, and the returns were all in the thousands. come to thunk on it, this year i bought SOLI @ .003, and silly me... i already took bo que bucks on it. am i missing something here?

so, uh, um, yeah... when exactly did you school me? i remember bantering with you, and i know how you feel about playing in the squared circle amidst all that brouhaha, but i've managed to survive with more than my dignity in tact, and i don't recall you convincing me of something only a fool wouldn't recognize. its certainly risky, but... perhaps you were thinking of that Hornblower fellow. he was at sea. i'm more of a blue skies guy.

oh, and... pray tell: what were you doing snooping around on Big Bro's board? is there a story in it for me to mangle? or should i just grind my mango to a pulp? decisions, decisions. there are always decisions to make. if only i knew what to do.

[fung_derf]

After all these many years, I figured you'd have learned long ago (and in great prose), to stay away from penny stocks.
Have I taught you nothing?
Alas, poor Yorick! I knew him, Horatio, a fellow of infinite jest, of most excellent fancy. He hath borne me on his back a thousand times, and now, ...

[rich pearl]

really? more? as in?....

a diatribe? or an encomium? or were you expecting me to rhapsodize on lost times? of course, i'm clueless, but a guess is just a visitor without a tee, and, if i dwell hard enough on that thought, it might be the reason my golf stroke is all about flogging, which i seem to be doing right now. ah yes... the words are coming, garbled, marbled and more farbled than usual, but here i digress.

what exactly were we talking about?

and... hey! good to see you once again.

hope all is well for you and yours

rich

[fung_derf]

I expected more from you, and I expected more from me in expecting more from you.

[Big Brother]

In hindsight I probably would not have bought, if I had known it was non-DTC eligible, and they had no intentions of becoming DTC eligible, as I think it will probably take some significant volume to move it.....and being non-DTC eligible hinders that IMO. Anytime you take TDA out of the equation, your losing a hell of a lot of potential investors.

It would certainly help if the DTC provided us with a master list of eligible tickers, but that's too much to ask...lol.

In addition, I did not know that the recapitalization was done @ just .10!, which was a bit surprising, and disappointing, however, no sense in selling now, too deep in the red, just gonna wait it out see what happens. Been many times I thought a ticker would never do anything, and sure enough proves me wrong and goes on a big run....lol.

[blademan]

Understood. You could move to the frozen tundra upper mid-west like me, SD and live cheap!!! My nephew and his wife live in Manhattan. $4k month for an apartment the size of my bathroom!!!lololzz I couldn't imagine living there! GL my friend!

[rich pearl]

Bro, until today, its been years since i tried to call an order in. but to answer some of your post, unless asked, Ameritrade does not tell you anything in regards to why you have to call it in. and i doubt it has anything to do with liquidity issues; its more likely in regards to the perceived liabilities that come with having to use their own clearing house. fwiw, ETrade clears a lot more pink/pennies.

in the case of MCHN, AT does not deal with stocks that require physical holdings such as certificates for trading.

btw... would have got back earlier but i was away sans notebook and i don't do text on the Droid. sorry fer' the delay.

best to ya'

rich

[rich pearl]

blade... thanks for the suggestion. i took a look and i've put it on watch, but i'm pretty much locked into my port at this point, and with my upcoming move -- damn! but Manhattan apartments are 'whey' too expensive. just dwelling on it curdles what little hair i have left -- i've had little time for investigating other trading possibilities.

anyways, thanks for the tip

best of trading to ya'

rich

[Big Brother]

Rich, have you ever phoned in an order for a non-DTC eligible security with TDA..?? I've always wondered what the reasoning is, or what disclaimer they give you. Unlike some brokers, there is no additional charge to sell non-DTC eligible stocks with TDA, just the normal brokerage fees, so I never understood the point of having to phone it in. I assume they warn you about the lack of liquidity, but hell probably 70% or 75% of OTC stocks are very thinly traded it seems....lol.

[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