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i was one of the lucky ones to catch this early after the oil rig disaster. i was doing some scans on a Sunday and saw this stock that had jumped 1900%. my immediate thought was that it was a shell that did a R/M. but after checking it on pinksheets saw what looked like a real company but wanted to make sure. so i called the number wanting to get a answering machine for the company. remember, its Sunday. long story short, Wayne King answered and we had the first of many long talks. here's my first post to the board after that call....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49686975
i was in with 100,000 shares first thing Monday morning. i sold 50K for $4500. profit and now had 50K free shares.
those shares were sold and an now am back in at average of .102
true, with a low float it can come down just as easy as it goes up. i also see big resistance at .11 buy was to late to edit it on my post
Sometimes it is hard for me to judge how easily we will break resistance, our float is low and a lot of longs hold on tightly to shares. I have noticed if we break through a resistance point quickly and easily it retraces more often unless their is news to fuel it. I am talking intraday
I think a good way to find resistance levels is through moving averages. I use simple moving 10,20,50,100,200, the 200ma has acted as our support and when we dropped under that when we were at 5s a month ago it acted as resistance. Having 5 different moving averages open can get cluttered so you could use less if you wanted, IMO you need a short term like a 10,15, or 20 and two long term, right now I think I am using 10, 100, 200 but look at others also to get a feel for things. One thing I want to point out is our 200ma has been creeping up nicely, I think it is at mid .06s hence why we never closed below that, we bounced off those lows but never stayed there long. Hope that helps and your welcome for creating this board, some people on the mopn board just don't understand the ideas we talk about so they hate, plus I get tired of dealing with all the bashers, gets my emotions all crazy and we all know we need as little emotion as possible in trading.
I'm starting to think the reason we aren't getting the full scoop is because Mop might be scared of screwing things up or pissing their contacts off by showing off for lack of better terms. I will be very curious to read Oakley's research paper in the next couple weeks, he will be looking at all the contracts and agreements we wish we could see, I wonder if he will give an income outlook? I'm also hoping some big blocks come in Monday from Oakley's editorial. If no more news comes out I am going to put a sell order for .12 I think we will touch that and probably trace back to .10s
Shauno what a nice place you have created here bashing name calling over on the mopn board. Here it is just simple sharing ideas how to play it for maximum profit. Thanks for comming up with such a great idea.See you guys sunday enening i'm off now for a barbque with the family.
I definitly want to sell a few Mon. mostly so I will have more settled funds to trade with when the dust settles and lock in a little profit. I find it pretty hard to flip shares if I don't keep a little dry powder. I have taken down my .105 sell order and left my .149 in place for now. Unfourtunatly I will not be around much Mon. to fine tune.
Gopher, She stalled at what .0940 yesterday? Bert is definitely the guy here with the T/A so I will listen carefully to what he has to say. My thoughts are,
If they can elaborate on anything from yesterday I think we can blow right thru .10
MOPN has shown that .15 can happen pretty quick.
I really think if the news is solid , and again yesterdays was nice but we still don't have any details (we always lack details)or names of companies and no $ amounts. If any of these items hit the wires then credibility will kick in and it can go back to the .30's and maybe beyond. I really think details are what is needed (obviously)and it's starting to seem bizzare that we never get the full scoop.
Right now we only have speculators buying this stock.
Big news will bring investors and traders. I kinda look at the daily trades, and for the price point MOPN is at , we should be trading millions and millions of shares daily and thousands of trades. We had a few nice blocks yesterday, If this Oakley guy is as good as we think, I think we are close to seeing that. I am looking for 2 million shares trading in the first hour, then we know the word is out. The day Traders are watching as well and when the volume and number of trades pick up that's when they jump in.
We also have the financials hopefully coming next month . Things should be much much better in that area I hope.
I mean this company could have a wave of news items that takes this who knows where. If half of what they have said is true there should be tons of details coming our way don't you think?
this could be unbelievable!!!!
Jx(John)
Gopher, I am with ya, I was in originally at .23 and .1850
way to soon, I thought man .35 to .23 she should hold. nope wrong then she stayed in the high teens a few days doubled down at .1850 and was wrong again. Moved the whole lot out at .1550 and doubled down again under .10
I almost bailed completely when she went to .03 for that brief moment ,but walked away from the screen and I stood pat, thank goodness. I started buying again at .06 and all points in between back upto .1050..The bulk of my shares now are between .06 and .08 I Should have sold the whole lot at .15 but didn't
then I should have bailed at .12 and didn't and not that I'm killing myself over it but I could have had a whole lot more shares.
Like i said to Bert , this should be an exciting week ahead for MOPN. Big decisions coming as far as trading this. One day at a time.
Talk to you soon
Jx(John)
Bert do you see somewhere around .10 as being the first level of resistance? I think we will blow through the first level at the bell but I don't think the news was a big enough deal to push it much further any thoughts on where it will stop?
Hey Bert, glad to see you found your way over here, this could be fun planning some strategy. The News today is a good start.
I know some of you guy's have been flipping some shares here and there and the whole point of this market is to make $$'s.
Everyone has their own style and plan. The plan to hold here isn't a bad one but to watch it go up and down in the fashion MOPN has , makes me want to move some shares in and out and start aquiring free ones . Always the risk that it takes off after selling but I think at 30% trading and 70% holding is not bad idea even 50/50 not bad . So long as you have a position in case she fly's. Monday morning and the rest of the week should be quite busy here at MOPN. Guess we will see what happens and hopefully we can start making some money and free shares on the ups and downs.
Have a good weekend fella's
Lot's to read up on now.
Jx (John)
thanks have bookmarked the page and will spend some time in school
nothing better than StockCharts.com - ChartSchool
http://stockcharts.com/school/doku.php?id=chart_school
try this...
see some of Claytraders chart video's. you can learn a lot from them
http://investorshub.advfn.com/boards/board.aspx?board_id=8765
also you can learn a few things from MrBigz
http://investorshub.advfn.com/boards/board.aspx?board_id=10118
Notes or no notes I really need to educate myself about chart reading support and resistance make sence to me the rest makes my head hurt.
Pretty sure the rule of wag will apply in this case.
What's everyones thoughts on Monday? I wonder if we see volume increase. If we get more than 1mil I will attribute it to the editorial, I'm really curious what kind of crowd watches wallstreetcorner.com. If we get to 12,s I'm gonna ditch some shares, I overloaded averaging down and need to scope in some profits.
I know what you are saying, his notes are good when he does them lol, Bert what time settings you using? I like 100day and 60min
lol will try to make them more understandable
Hope to see some of your great charts, I don't understand them very well but I like trying.
HEY ! so this is were you guys bin hiding. lol J/K
let me be the first to post in bold. great idea here got ya marked
After this editorial comes out we will see if there is any new info, after that if it is good I will be putting in a sell order for monday, price idk it would depend on what new news there is if any.
I have been trading this since early May I was riding all feebies with money in the bank to boot for a while. Greed got the better of me and I increased my position and burned up my cash + some. My total out of pocket cost is now a little under .02/share. Hind sight I should have unloaded in the 30's and should not have paid .24 when it was going down. The whole GOM thing was a roler coaster ride just as happy it is winding down.
haven't sold a share, See what happens next week but I like what your thinking about.
Jx
Don't know about hitting it on the head I haven't pulled it off yet how are you trading it?
Gopher, you hit that on the head! we can't break .10
got a 30% gain today. The big question is does it retrace?
Hmmmm
Jx
I am sticking to my game plan pretty much I have acumulated some extra shares beyond my core position. I was not able to buy more cheapies yesterday but have one lot purchased few days ago at .065 that I will let go at .105 have another bunch that I paid .085 for would like to see around .15 for these. If I can pull this off I will be pretty much riding freebies.
Beyond that I am pretty much befuddled as to what to do. I will certaintly try to sell more if we hit the 20's and buy back on dips.
If we gap big time like 30's and beyond I think I will unload the boat and try to buy back when the gaps fill.
Open to suggestions GLTY go 4 broke
So what do we do with this news? First I would say wait for the article to come out and see what it holds but I get worried MOPN could hit us with another pr ah. Any thoughts?
Ya it is very possible to pick up some .05s if I had money right now I'd set a buy order for probably .055
Agreed .10 will fall in a heartbeat if the news is huge but IMO we are more apt to get a little fluff. I am still hoping to get a few at .05 I think weak hands will fall if we don't get news before the opening bell tomorrow and the MMs have not shook the tree hard for a while. If we get big news my .10 sell order will be wiped out but what to hell you can't go broke makin a profit and I will still have a few left to sell at a higher level.
Based on the last 3 weeks it is very possible we close in the 7s tomorrow. We have held up fairly well considering.. We might see 5s but IMO I don't think we will close there. We might have another green day today. But with news IMO it will be big news so we could blow through a dime up into the low .20s. When news hits we will probably gap right to a dime depending of course where our pps is when news hits
How low do you guys think mopn will go by Fri. with no news? I am betting .05 at least that is what my next buy order is. I have been buying on the way down since last pr bought at .085 .065 now hoping for five. hope to flip them all on next pr.
I feel we will have a hard time breaking a dime on news unless it is a whopper.
Much agreed, this isn't a place for negative BS and since I created this board I can delete posts at will :) so the naysayers will not be welcome here. As you said this is a place for strategy first and foremost. Not a place to pump or bash any particular stock..
My guess is that everyone here wants to toss around trading ideas and stay away from empty retoric, pumping, and bashing. If this is the case there are some MOPN board members who would have a negitive effect. Having said that I think it would be to our advantage try to add members by invitation. This is of course a public board and all are welcome but it would be good to build up a core group of members interested in discussing trade strategies first and foremost.
I hope so!!
I think I am just more disappointed in the company not keeping us up to date . They are a small company and they need to keep our confidence up. I know some don't want to hear that but it is what it is.
will talk soon
Jx
For sure!! As soon as I can free up some powder I am game!! I'm in MOPN at an average of .137 I think, so it shouldn't be too hard to at least break even. I am thinking the next pr will be meat and potatoes and we will actually make a profit, but unless they address the IR issues I am not sure how much I will keep in for the long term
Hey fella's , Yeah I think once we get some news and she starts to run up we can kinda start on our sessions
Good start though we have a board!!!
jx
LOL I am sure it will have a slow start, also some people are out of posts for the day.. This will just be a good place to toss around trading ideas and strategies
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