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http://docs.google.com/document/d/16qLgKSlDTPnFZOltmVHp1WLCTwe1SOE9XpWlC1vjC04/edit
Have sold all trading stocks and placed cash in a long term dividend stock for income. Not trading at all for a while.
Just can't justify the market (including the $SPX) continuation. Also to many 15% daily individual stock pops and drops lately. IMO just not a trading atmosphere.
M&Ms & broker dealers have REG SHO defining the time frames which they can not deliver shares traded. As I recall (should re-read) some of my old posts to refresh my senior brain now days. 3 days to show up on failure to deliver short list and 13 days till penalties.
So answering your question is they can naked short, but not for ever, like they use to, 70's 80's 90's, in days of old.
Shorting penny stocks.
Thought I should let you know there isn't any shorting of OTC stocks, that all the message board posters post about!
1st you can only short stocks (big board or OTC) from a margin account. Few penny players event have margin accounts.
2nd if they do it requires $2.50 for each share shorted, on stocks priced under $2.50.
If one did short say a .01 cent stock for 10000 shares or a $100 short investment, they would need $25,000 in their margin account.
Now try a double or triple zero stock. It just doesn't happen! People don't short OTC stocks !!!
Now I know someone is going to say what about the websites which report short sales volume. Short sales volume is NOT short volume. It's volume which was not cleared for the day. As I recall M&Ms have 3 days to clear their daily traded volume. And I think 11 or 13 days before it's reported as actual naked short on REG SHO. So basically short sales volume is temporary naked short volume until cleared. It never has anything to do with actual shares held short, betting the stock price will fall.
I will add, if you see anyone talking about a short attack on a message board, disregard their opinion about anything. Because they have little knowledge about the market they trade! IMO
After watching, opinion is, he's a talking head which doesn't help one learn to trade or invest. Could just watch MSNBC.
Although he's the first one I've seen discuss (Cycles) during chart evaluations. I do feel using those half circles, defining pattern lows, can be helpful in reading future chart pattern projections. Either success or failure expectations.
Could have been the negotiations when Diamantis converted debit to series M preferred. After all he got a $3.2 mil dividend for doing so, when he received 22000 ($1k value shares) instead of 18800, which was the loan debit & interest owed.
Don't know if this fact has been discussed here yet or not. But noticed this in the last 10k.
On August 13, 2020, Mr. Diamantis entered into a Voting Agreement and Irrevocable Proxy with the Company, Mr. Lagan and Alcimede LLC (of which Mr. Lagan is the sole manager) pursuant to which Mr. Diamantis granted an Irrevocable proxy to Mr. Lagan to vote the Series M Preferred Stock held by Mr. Diamantis , Mr. Diamantis has retained all other rights under the Series M Preferred Stock.
Keep remembering the insiders are inside and see where value is and where it isn't. When stock is more valuable then debit then what can we say.
I say my RNVA has been a dead money stock loss for over a year, why dump now? It's been a mental loss for ever. I Want to see what's on the other side of death. LOL
Diamantis bought $18.8 mil worth of stock.
RNVA
A month before the reverse split which Mr. Diamantis excepted, he completed extinguishment of the Company’s indebtedness to himself totaling $18.8 million, including accrued interest, on that date, in exchange for 22,000 shares of the Company’s Series M Preferred Stock.
Series M Preferred Stock is a poison pill guaranteeing controlling interest in the company. Seamus Lagan Chief Executive Officer, President and Interim Chief Financial Officer run the company, but Mr. Diamantis controls it.
Reading farther in page 33 we see the hospital operation is NOW being payed for by the US government. $2.4 mil from Cares act and $12.4 mil from HHS. With probably more to come.
READ page 33
https://ih.advfn.com/stock-market/USOTC/rennova-health-pk-RNVA/stock-news/82880729/quarterly-report-10-q
So here's my take; Do what the big guys do !!!
In for second rounds @ HL, VBIB, OGEN, NAK,& OTLK And fifth @ AWH.
Finally took profits at my divvy ORC for 90%+ 3 divvy's payments, looking for re-entry retrace.
Having good year, portfolio up 125% year to date.
As always Success to all!
What can I say? Being one of the most unlucky guys I know. My LUCK has been excellent with VRML / AWH. NO skill involved at all except my first entry. Back around 90 cents as I recall. On a small weak flag pattern.
Posted update 4 days ago then closed my third trade from 4.25 to 5.25 yesterday. After that close, I placed a silly buy re-entry order @ $4.00 and it closed today with a weak volume breakdown day. My crazy buy order close 10 minutes before market close today and by market close 10 minutes later, Price was up to $4.11.
LOL it's like the trade gods are helping me with this new nonlogical romance I have!! LOL
Just a heads up; OTC stocks which list on multiple exchanges (especially Frankfort) tend to be manipulated and naked shorted during run and dive days. Also if you see differences in price value from exchanges, it's a caution flag for a pump & dump trade.
Remember VRML well it's changed to AWH and still running like a scared cat.
I'm in for my third trip. Still have no idea for such a climb. But take a look again. It's still alive. Steady volumes with no emotion either!
AWH
http://schrts.co/WSaJnbhu
M&M's involved in the triple zero area always make out ok without large runs needed. The large arbitrage amounts with huge volumes from .0001 to 0002 or 0002 to 0004 (etc) always equals good ROI.
You just don't need a 5X or 10X run in triple zero land, to bank a chit load of cash.
RNVA
Spinoffs and free millions and it can't climb more then 2 days.
Hope SEAMUS is working on a news pump program so he & friends start taking profits. I'm holding back a strong portion of my .0001 accumulation, for those future insider profits being taken.
Haven't bothered to follow. Just keep selling for doubles and triples so far. Looking forward to continuing selling for 5x 10x ETC. Doubt I'll ever break even.
I have no idea what's driving VRML. As I mentioned when I decided to mention it last week.
This one fits into the I'm just lucky bucket, rather then the I'm smart one. LOL There was a god / logical reason I bought, but not it just keeps climbing.
VRML another =25% today, a TRUE Wonderment!
VRML up another 20% in past 3 days from heads up. Today closed the weak flag @ $3.25,and I plan on finally exiting on first red day ahead.
http://schrts.co/MqXbsakp
Don't normally mention a stock which has run for so long BUT ! LOL
Been in this one since 90 cent in April. Have no idea why it's still climbing.
But it is.
Weak flag pop today should break top resistance and continue.
Play at your own risk. VRML
Anyone else notice all the talking heads are becoming negative on stocks?
May soon be time to nibble in again!!
Averaging down/ your last nibble in /climbers, would be nice. LOL
tanks; done years ago mostly.
Use to do a lot of teaching here.
If one's trading in the big boards they should have picked a sector and traded it's bounce back for a while now. I made 30% swing trading a few financial REITs and hold my major one long; up 30%+ & working on 20%+ divvy.
Healthcare & materials are strong still.
The S&P is today testing the next gap needing fill. 2885 to 2955. Personally don't see a retest of last months low. But if some event causes problems; Charts and TA seems to be saying 2500 +/- will be it's low, not 2200 +/- again.
Have an hour to kill???
click YouTube to see full screen
Basically Chart patterns tell me what to play. TA supports a buy decision and resistance break triggers the entry.
TA indicators and overlays show change in the stocks momentum, volume, and trend. Entry/exit indicators I use are DMI and 5.10.20 MAs, Support indicators are StochRSI and CMF. MOMO and volume, support trend change breakout entry/exit signals.
Chart patterns present target prices for breakout runs or retraces. And because of the historical relabilty of stocks preforming during chart patterns, the likely-hood a stock price will move in a certain direction increases. More so then charts without patterns.
Trading on technicals; I want a chart pattern first. That way I know the odds for a move are in my favor. Next I want positive TA indicators. That way I know retail sentiment is in my favor. And last I want good volume. That way I can expect increasing support for any breakout.
I teach study chart patterns 1st, TA indicators 2nd, and support/resistance 3rd. 4th understand how gaps effect future.
IMO PASO .032 is the resistance level needed to be broken.
Sounds better with this new info.
Chart setup and present flag pattern with supporting TA indicators, signal confirmed entry.
Flag pattern breakout target, in mid 50 cent area.
Emotion GAPS suck!
Usually funding creates darkside plays. It's the millions of extra new shares bought low; being sold into the manipulated run, that feeds the retail emotion buying it higher.
Without millions of shares for sale, any run dies.
Was there any funding news closed in FEB.??
I wish all worrying; some peace.
Learn to be happy with what you have! Not upset about what you don't. And you'll be happy your entire life!
Within the 4 corners of my property the world is clam , loving and safe. I wish your family the same.
What can I say? Some how, I'm still happy with my life.
And I'll trade the market on chart & technical data presented, as I always do. A Rules based trading style is a RULES BASED TRADING STYLE.
Todays S&P chart & TA: is not calling for a lower market or actually second bottom either.
BS meaning BULL SHIT
With knowledge, one can find data to back their personal opinion. This outfit seems to want you to sell to them. LOL what the hell does E-minies have to due with more then 1 day market projection?
RULE of thumb:
As long as the second bottom of a bear trend reversal ends within 5% of the first. The overall bottom should be safe. Triple bottoms / bottom channels are rare with strong sentiment shifts during reversals.
If second bottom is 5% past the last bottom, expect 1/3 lower from the over all fall possible.
If bottom bounce reversals are 1 to 3% daily, a bottom could channel. But if they are 5 to 10% daily, bottoms reverse.
Basically; emotion begets emotion.
As mentioned last Wednesday $SPX Now has 2 of the 3 needed green days in a row, under it's possible bottom signal belt.
If it continues tomorrow and breaks the 1st resistance level at 2540. We can expect the worst behind us.
There's always a chance for a double bottom, especially in a freaked out market like we have. But the possibility of continuation will be in place with the third green day breaking resistance.
EPR financials look safe, but will suggest looking for a REIT with A LOWER PRICE POINT.
The lower the price point, the larger the Gain!!!
No help from me on insurance sector. Never have liked it since 2008 AIG corruption and bailout.
Nice website for dividend info;
https://www.dividendinvestor.com/monthly-dividend-directory-2/
IMO only; not impressive