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How about MIDZ or SMDD both Dho60 today
"EMA 60" is at Gallery View for all those to plainly see in public, that has been applied with many indicators for SALT.
This 'Dude' apparently copied it a long time ago and uses it how he wants, and then if anyone else uses an indicator clearly listed for public at StockCharts.com (see below at chart), he gets upset with his ego and harasses them for applying it with all other indicator ideas.
THAT IS THE TRUTH, BUT 'DUDE' CAN'T HANDLE IT.
Dude copied it, and then gets upset for others using it, or "copying" it same as him. It is ridiculous of him.
And I don't even follow him around, which proves how ego maniacal 'Dude iligence is', that he think I follow what he does and follow him, etc.
Truth is I avoid him & try to ignore him, but he likes to follow me around like a revisiting flare of herpes, which is the perfect analogy of dude iligence.
Ya...cuz i said the same thing to you last week Should keep it quiet to 5-10 people.
Funny you should mention that I thought about doing that very thing just a few minutes ago.
Create a board just for that and add me as assistant.
Why are you guys spreading this like wildfire? smh...
EMAA (60) as HHG calls it is really DOWN HARD ON THE 60. HHG recently started using this term after reading my posts about Down Hard On The 60 which was developed years ago by an experienced trader. Instead of HHG simply acknowledging it for what it is he attempting to claim credit for by renaming it. He will tell you it what he calls EMA 60 is widely known but if you google search you will find only his post and this one which HHG wil l undoubtedly attempt to TOS.
Don't be fooled.
What is important is the rule which is part of 3 rules where designed so even the dullest of bagholders can make money. The rule(s) are designed to be very simple but HHG will clutter it with unnecessary BS.
I knew that if I put it out HHG would grab it and use it.I have seen him copy are reword my posts before. By doing so he has proved just how effective Down Hard On The 60 is.
Good Job HHG
Did you get into SALT ro any of the others?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110347069
SALT showing good signs from here.
Same for BXE. Looks a lot like REXX did in mid-January before it spiked (which I pointed out then near 2,60 to enter and RESS now in 3.50+)
SALT starting to show signs of support here today, relating to that post i made yesterday.
That said, you should also look at BXE for bounce off of "EMA(60)" area soon.
I was doing some digging around with regards to the recent price activity, and I found a post from "cctranscripts" on the StockTwits site from 1/16/2015 that might explain why we're seeing the decline in price:
Story Link: http://www.conferencecalltranscripts.org/summary2/?id=1387830
StockTwits Link: http://stocktwits.com/symbol/SALT
So the recent downward price movement would seem to be a product of recent share dilution, IMHO…
Thank you HHHG for the response over on the "Elite Swing Trades" board.
I think I now have a better understanding as to how you're using these indicators. I can see your point on today's volume with regards to the EMA(60). Today's volume is roughly double the EMA(60), which would make it somewhat unique compared to other days. This, along with the long red candle would almost be a sign of capitulation to me. The grossly oversold RSI would also seem to indicate this.
With this chart, there almost seems to be some RSI divergence too. The last time the RSI was this low (roughly January 5th), the stock price was much higher (closed at $1.86). So the price has since made a much lower low with approximately the same RSI level.
I also get your point on the use of the 9/20 moving averages as a possible short-term price ceiling/resistance point to use in a swing trade situation.
Thanks again HHHG for taking the time to respond and share your knowledge. I really appreciate you taking the time to do so, and I've also added you to my list of people that I follow.
I bought near end of day, has to be oversold at this point. Worse case scenario hold it longer term for more favorable bulk shipping rates if it comes down to that; market is always cyclical.
This definitely has a near term push towards $2 in it. When? Anyone's guess.
At this point, I'm looking at entry for a quick rebound trade on SALT. It is nearing a dependable indicator "EMA(60)" from the Gallery View charts.
It might weaken some yet from low 1.30's, and clarity on capitulation is needed yet. But I am about ready to pull the trigger near lower 1's.
It is also significantly below its 9 & 20 day averages. I would anticipate a rebound toward those areas near 1.65 minimally, or as much as 2+.
And the fundamentals & financials are not great here, but certainly not bad enough to worry about in the short term, so sets stage for good entry soon.
http://stockcharts.com/freecharts/gallery.html?s=salt
Accumulating here and setting up for a big run. Stock is way undervalued here. It has been creeping up each day, but I am looking for a good pop up to 2.60/2.75 range very soon. Hang in there guys - this will explode very soon!
This is going to breakout like DRYS. Same chart, beaten down but looks like a breakout is imminent. I am really liking this one a lot! Load up the truck and get in now boys!
I think there is some insider buying goin on.
Yeah it is really strange. It seems like maybe some end of year selling by an institutional investor - most who got in at a much higher price. Still, we did hit a "higher high" this morning of $2.11. That looks good for the start of new uptrend even though it is acting with incredible volatility. I'll hold for a while and see what happens...
News are good but Im wondering who is dumping shares? 900k+ sell block doesn't look good.
I like the deal they worked out with Scorpio Tankers. As stated, the goal is to improve liquidity. Nice to have a big brother company that will do a deal with you.
Huge volume today. This looks like a crazy reversal day to me - but I could be wrong. Over $2 in the am then dumped lightening fast down to $1.70's then working its way back up... Nuts. The dry bulk index looks like it is about to start heading back up.
Yes, I do. I sold and then got back in here at around $2.00 just recently. I like the looks of this long term. They have no trouble getting funding it seems, and they are linked to a few other nice shipping companies through the Scorpio "family" of companies. Price targets for this go all the way up to $10+ range over the next 12 months. Worth a gamble IMO.
Do you still own SALT?
Bought a big chunk at the bottom of that huge dip today! Looks like this one is getting ready to move up IMO.
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