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It's not the posting of the charts
as much as what the chart is likely saying
and then how traders react
example: if he posts a chart and it looks like butting up against resistance and certain indicators weakening (or running out of steam)...the next day there could be a selloff...further fueling selloff as people run to lock in profits...further resulting in selloff of those buying high and not able to endure the pain (just too much selling)
however opposite is also true, tonight there is another ASFX chart..this time showing its on support.....that can lead to buying on Monday..fueling more buying..since stock looks hot again..and in play.....
those are just some quick observations.....
a chart is simply just a chart from the chartist perspective; however many folks trade based on TA (technical analysis) so having some general understanding of them is very important in pink land lol
For my own education, how would posting charts cause the PPS to fall?
I got a feeling that our old friend you know who, the chart guy is behind this falls, posted charts on Icty 2 days ago and the stock dropped, posted on Iove last night and the stock dropped. I will do some research to see when did Asfx and Behl fell down to see if he posted the night before.
You might try Sailor Jerry. A bit better than the Captain. IMHO
http://www.sailorjerryrum.com/index.php
Repost of mine from the IOVE board....still pounding the table on this one..gonna be a winner. NO DILUTION and SEC filings to support that claim....can't ask for more.
-Dave-
Very nice chart OG.....did you see the huge bid flashed by ecn ARCA this morning just before the market open?..it was either 900k shares or 9m flashed on the bid for a couple of minutes...couldn't really tell. I was watching quotestream L2 on the blackberry while at work and it cuts off 0s sometimes..anyway, I can't shake the feeling that some of today's trading action was due to that bid flash...I haven't seen ARCA on the L2 in this stock yet and I've been in since early last week. I just thought it strange that a huge buyer flashes his cards on the bid and the market conveniently trades to around the level of his bid just after open. Besides traders taking money off the table on Friday before the weekend there was no reason that I can think of other than what I saw for this to trade down the way it did today. However, I think it spooked some traders into dumping and the stock wasn't able to recover. Monday should be a much better tell. I'm just ill that I wasn't home to grab a few more.
-Dave-
Good evening fellow Cave Dwellers! Been at work today so thusly out of the loop...ICTY and IOVE definitely didn't perform very well today...
ICTY is getting ready to go to my sell block if it doesn't perform monday...However, for the most part it held very nicely on it's breakout support level of around .0011. There is definitely a large seller in the market but, I don't think it's the company.
In any case, there seems to be alot of bid support at the current PPS levels so it should be fine. Just beware of nervous nellies selling around the .0018/.002 levels when it trades back in that direction.
BESE on the other hand, did very well..it's a slow but steady mover....just a matter of time before this one takes off. It's a buyout play and the DD is there to support that scenario. Patience and staying power will be the key on this one. For those that are in BESE just remember last friday's HMDI buyout PR...00's to .51 in 5 minutes flat!! Keep that in mind and think about it if your mouse finger starts itching to hit the sell button. No need to load the boat and tie up your entire account on this one..a few hundred thousand shares should be plenty to be a big money maker and will allow you to have the patience to let this play out.
-Dave-
mount gay rum, or captain morgans spiced (easier to get, but not my second choice) - add a good squeeze from a lime, then a dash or two of angostura bitters - add your preference in cola - ice and sip...breathe...relax...enjoy - see you monday :)
I just joined but have been here for a very long time. I have watched your posts and you are very excited about everything which is good. However, it will happen, ICTY will grow but in time. I also watch Scott 64, his pictures are crazy. You must have alot of shares but it will come .BOLTA
Joeyso! ICTY my friend... get after some... Times a tickin at these levels... Waiting on a few PR's one will blow this thing wide open... also should have some help in the media department soon...
Have a good weekend man...
Great signature pic BTW
Q
PHLPI
Relax? Brother I'm the Outlaw Josey Wales of the Pinkie stock world...
I'm fine now my brother... I'm poised and ready to make some money
Q
Whats up Pilot!!! I've been away for awhile and read all my PM's today. I like the CAVE. I think I'll roll in a Hammock and hang out for awhile.... whats hot in here right now?
Quinn would you relax. Its all good just wait for what is going to happen.
I agree... margin calls almost killed me in sept 08...
Mr Hardwood... I'm here to tell you that the temper tantrum has finished... Welcome to ICTY my friend
Have a good weekend...
same to you - I'm cracking open a cold one right now :) - I'm in for a couple MM or so monday morning :)
Great EOD for ICTY! Way to Go Moneysweats you won't be disappointed.. and Mr Scott my friend.... you hang in there too... you know I was in IOVE too... Fully loaded here on ICTY and when our buddy Pilot comes on board Monday we're gonna be rocking and rolling...
Crystal... nice to have you along too...!!!
Have a great weekend you guys
Quinn
same here crystal - I tested the water today for 500,000 - I'll be back monday for more too :)
Thought I would share some interesting info on BESE I found today, Not sure if anyone has found this or not.
On September 24th, 09 BESE signed an agreement with USA Uranium (USAU), allowing USAU to have an option on 9 mineral mines totaling 4300 hectares. USA has to give 37,000,000 of their common shares to BESE. USAU gets a 50% undivided interest but must carry out a 50,000.00 exploration and development program plus must also carry out an additional 250,000.00 exploration and development program. The funds and (CDN) per the sec filling and dated 9/24.10 and 9/24/11 respectively.
On September 25th, 09 BESE signed an agreement with with Mariposa Resources LTD, (MSPR) allowing MSPR to do the same but on 8 claims totalling 3900 hecters. PSR must give 1,000,000 of their company shares to BESE. MPSR must spend 50,000.00 and 200,000. with theb dates being 9/25/09 and 9/25/10.
Seems to me that BESE must have some promising locations for other companies to want it this bad.
With only 58,342,000 common shares issued and only 500,000,000 shares authorized, BESE looks like it could be a winner?
I read a post from wreckmtech that stated that Yellow Head Mining Inc. might be a company looking at BESE to merg withg. Post 7837.
Just a thought? Anyone have any comments or ideas?
OK Pilot, I'm in on icty, will get more on Mon. a.m.
Drink one for me, if I drank I would be hammered right now lol.
have a good one.
Come on icty and iove both sheet the bed on me today wtf, time to go to the liquor store...Have a great weekend folks
Oh crap Loni sorry to hear that... theres' something in the air this week... ICTY is bouncing
Got my first ever margin call today trying to trade an ipo, CRIC. Lost too much super fast, sold to protect the rest of account.
Sometimes I think I should switch back to a cash account and go back to swinging pinks.
Hope you guys are having a profitable day.
Yeah, bought in at .016 and sold at .015 after the EESO thing.
Happens
crap happens. I totally missed the SPNG run, I am one of those that bought at .18 and higher, then after the crash I bought more to average down.....Well I am so average down on the sponge that my account is zero, can't get more down than that.
I'm pissed I got out of GRDO at .004, even though I doubled my $$. If I stayed in, I could have made back everything I lost on EESO.
Oh well, there will be other opportunities.
I guess is a slow day in ihub, look what stock took the number 2 spot, just unbelievable.
meetings, then lunch I guess.
It will take a while for the company to develop but in the mean time I will be picking shares at the bottom also.
Ihub keeps freezing when I do mass mail so I don't know if it went thru so I do it again until I get a confirmation, there are like 200 emails on the behl board.
Thanks I went to the board and grabbed the numbers from the Ibox. It looks like a buy.
what's up with ICTY... maybe I'll wait till the smoke clears... I have some funds in waiting
pilot, you do realize you send out email alerts in multiples of 3. OCD? j/k pal!
Pretty expensive stuff, not looking forward to growing old.
product looks good, potential market definitely, volume picking up, golden cross, pumpers, being talked about within a group of cash cows, mmmmm
my only worry is, what if I am left holding the bag once the big group leaves? There is like no volume for days on end. I'd have to start cashing out my position after my first 10% just so I am not left holding when volume dries.
this stock market is no fun.
To be honest I didn't even check out the stock, but from looking at it, the golden cross is the last thing you would look at w/ that company. Of course it was going to cross eventually since its stayed in the same trend line for the last 6 months after an initial spike. . It was going to happen sooner or later. Doesn't mean there will be a break out.
Thought it was a lagging indicator, showing that the market already has turned. ;)
What's the RSI? power? or inching there? my bet, it has been there or is at least very close.
I am not a stock technician but my friend STOCKCHARTER is. I think he is correct that a Golden Cross is a long term indicator. By definition
"Investopedia explains Golden Cross
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.
Technicians might see this cross as a sign that the market has turned in favor of the stock."
And that was at the lows, does this indicate a bounce? Tomorrow we will see!
aggressive selling EOD, you sure about that??
I don't believe the golden cross means "most of all long term" hold.
Just to let you know that the float is ~250MM and I will post the exact number when I get it.
Also I very significant technical event occured today in that the 50 dma crossed the 200 dma which gave us a rare event indeed, a GOLDEN CROSS !
My friend STOCKCHARTER wrote on the ZLUS IHub board:
"technically speaking zlus update: DAILY MACD
the daily macd has turned bullish with huge volume. this is the best of both worlds. both the 50dma and 200dma are rising with the recent 50dma crossing up through the 200dma. very bullish chart both short term intermediate term and most of all long term."
Sorry I am scanning late today.
Pilot~ You were supposed to print that chart @ .006-.0075 LOL!
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