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Soon is 3 more months but nice try!!!
THANK YOU KEN ASH!!! We are #14 on IHUB!!!
Nice to have you back... Awfully quiet here without you!!!
I'm already trying to think of a way to increase to 25mm shares!!! I can't let OB and Dangus do all the work:)
After capitulation selling, it is thought that there are great bargains to be had. The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that true capitulation is the sign of a bottom.
From investopedia
Think CAPITULATION!!! I think today could be that day!!! The volume is there, now we just need the price to turn!!!
PZ
here's the 50dma... Time to go north!!!
Today might just be the day we are all looking for... CAPITULATION!!! I'm hoping we touch the 50dma on high volume, turn and close green on the session.
PZ
THIS GOING CONCERN CRAP HAS GOT TO STOP... Every pink/otcbb company that I know of includes the "Going Concern" clause in there financials. It is there way of protecting themselves and shareholders. If you think I'm making it up then please start pulling up otcbb's and pinksheet listed stocks at random. I promise you more than 95% (Of the one's that even bother to file) have that clause attached to their results. You will see it in there, quarter after quarter, until they no longer rely on financing or shareholders to cover their everyday operations. Truth be told is even if financing is not available, as long as they have a market in their stock the company can get the cash they need for at least a little while.
I hope this helps..
PZ
I didn't read that anywhere. Please post your findings. They are already fully diluted with 2billion o/s and floating, with 6 mo share moratorium not to dilute for 6 mo's. There are still 3 mo's remaining of this promise!!!
PZ
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=3176630
The actual acquisition occurred April, 2009, through a reverse merger...
PZ
Read the company info on pinksheets...
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=owvi#getCompanyInfo
PZ
I did read that in the report too but 1world ventures did not exist until Feb or March of 09. I need clarification on exactly what reversed 1-200 because it wasn't 1 world ventures!!! Quantum did and I do not believe tha Prior was associated with them prior to the reverse merger...
PZ
They did not do a reverse. Quantum did and then 1 world bought the shell through a reverse merger!!!
PZ
The Bullish stick sandwich pattern is the closest 3 day candelstick pattern I can see for OWVI... Please view the chart and compare to this...
Thoughts???
PZ
http://www.candlesticker.com/Cs54.asp
You're preaching to the choir. I made all of my purchases at the offer. After all, most of my buys were for 1mm+ at a crack!!!
PZ
Why not??? I bought at the ask and I'd buy more if I could.
LOL!!!
I think it's safe to say they we have a VERY strong conviction in where the price action will take us. There are many more on this board who hold north of 10mm shares and have bought at the ask for the team. It's up to new blood to keep it going unless you are OB Jan Kenobi or Dangusbeerbelly!!!
PZ
I think I can answer that question... Alamo and I are both tapped out. He's sitting tight with 15.6mm shares and I have 17.95mm shares!!!
PZ
19mm buys 6mm sells!!!
Many brokerage firms are market makers!!!
I think I just saw a Dangus Ping!!!
It's unbelievable how thin it is to .0046
They are a market maker and will do whatever they can to get your shares from you. It's how they maintain inventory. That said, people operate by fear and greed. If the stock goes up, we want to go for a ride and therefore will not sell it, but if the market makers walk the stock down then fear kicks in and weak hands sell out increasing their available inventory to sell to someone else...
I hope that helps...
PZ
Don't discount power hour!!! I'd love to close at .0034+
PZ
Welcome aboard... Glad to have you here!!! It's not a fast mover but slow and steady wins the race and that my friend is exactly what has occurred since June!!!
Good Luck!!!
PZ
17mm buys vs 5.9mm sells and NITE won't move!!!
It's all good... I'm just happy the flippers are gone!!! We'll definitely need them to step in for another 10-20% every now and then while we grow exponentially.
Do you have any idea if Toucan, RULiquid, or Claytrader are still here with us???
I wasn't referring to the DD they used. I was referring to chasing a stock based on a recommendation of a promotion in which the promoters were compensated $100k (in stock) to get the word out. The promoters and people in the know were the only one's who made money!!!
PZ
Do I have to have an ETRD account to purchase their L2?
Thanks for the response!!!
PZ
Buys outnumber sells 1.5 to 1... That's refreshing!!!
Great synopsis... I agree that it's VERY encouraging to see us hold .003 on very low volume. Flippers, daytraders, and sellers appear to be gone... If you are planning on selling, please don't let the door hit you on the way out. And for those who listened to a stock promoter and took a loss instead of doing your own dd, I hope you learned your lesson.
Best of luck to you...
PZ
Thanks... Will probably go with IHUB but will also check out alpha and equity!!!
PZ
OK... I'm still blind. I upgraded to L2 on Scottrader but it does not include pinks, therefore it has now been deactivated. Who offers the least expensive L2 service for pinks??? Please let me know!!
PZ
They needed capital to buy Intersolar Tech!!!
The Penny Zen is no longer blind... I took the plunge and upgraded to L2 this AM!!! I will be blind from 10-1 but will post L2 often for your viewing pleasure!!!
PZ
The last time OWVI saw .008 was in early August. The resistance level was not .008, it was .0095. Are we talking about the same stock?? I was also a holder back then but I only owned 5mm shares and my average buy price was about .0014!!!
PZ
A few things I noticed while studying the chart...
1)RSI is no longer overbought. We are currently sitting at 54 and I thoroughly expect a bounce here.
2) MACD is still positive, above the 0 threshold
3) It looks as though we are in a cup formation that started at around 12-23. A break above that .004 at the close would have thrown this baby into the stratosphere, which is why I was SO bullish and even bought more at .0044.
Where do we go from here???
1) My hope is that create a handle attachment to this cup here and stay within this new channel for a few days or maybe even longer to provide confirmation of support in this new channel. That .004 resistance is looking like a REAL problem area to break. We are going to need a lot of fire power to take that out for a close but we have a good group here and it can be done. Should we close above this .004 resistance, I'm looking for all hell to break loose to the upside. That .0046/7 resistance and .0058 resistance is not that strong and can be EASILY broken. The .004 resistance will act as support once we plow through it.
2) Our .0029 - .004 channel does not hold and we fall to previous channel of .002/.0029. The .002 would be a worse case scenario.
If any other chartests would like to throw in their .02, I am the first to say that I am not all knowing. Reading charts is a fun little hobby of mine much like playing a musical instrument. I am not the best but certainly not the worst!!!
Let's have a phenomenal day today!!!
PZ