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If you look at the last couple of years the 1Q reports has come out in the second week of May.
I agree it is really suspicious. Nothing has changed with this company since the last PR and since the Asia conference. I don't see the negative in this 8K. We received 200K and then dropped the other company for breach of contract. I'm like you, I think this was really suspicious in nature and I think this was planned in the manner of getting cheaper shares for bigger players prior to a big announcement. We have the Asia partner announcement and the P2 results on the burner right now so It doesn't make since why people were running today over this 8k.
Another scenario! Let's think about this in a timing since. What if PWRM dropped this 8K with the hopes that several scared investors would not understand what they are reading and starts to unload shares for the sole purpose of the "insiders" or the ones "in the know" to start accumulating on the cheap just prior to a big announcement. Think about it! What If? This could be a planned walk down just prior to something big.
Mad,
I have learned who not to converse with on here for obvious reasons and I would have to say that your charts and Tech Analysis has been pretty spot on. I may be off by a few cents here and their but I'm close enough to limit losses and make better gains. I do know a downward or upward channel when I see one. Hopefully some on here are following your charts and at least considering the obvious. Good luck to you!
I can't imagine why Madtig would give his opinion on the charts to just get blasted so I'll go ahead and expect to take the heat.
IMO: The current trend is down even though IMGG is having a green day. If you take a look at the chart, the PPS is staying in a downward channel and will continue in My opinion unless we hear some really good news soon. Today it is testing the 20 day MVA which will be a lower high (in the downward channel) and tomorrow you can most likely expect a down day. If we break through this downward channel to the upside on a close then maybe the trend will reverse. Again, IMO.
Chime in if you think differently. I expect a bunch of you to have something different to say about this.
Joe,
we did actually pull back more from the Jan 15th date you speak of when it was hovering at the .38 200 day MVA. I believe we pulled back to the low .30's for a couple of days there. If I recall, everything I posted was again my own opinion. If you have read my post I said we will continue to move lower "without good news". Now, if that means we have a couple of up days before we go lower ( as the markets usually do) , it's all the same. Just as we have days of a pullback or days of consolidation before we go higher it works the same way on a downward slope. (Pullbacks will happen regardless if it is up or down) OOPS >>>> IN MY OPINION. let me not forget that!
How many moderators do we need on this board?
Here is what I think took place today. again IMO! IMGG was so oversold (due for a correction) that when it crossed the 30 RSI yesterday in the positive direction it sent out some alerts. How many alerts went out this morning from penny stock subscription services which brought in new buyers? Look at the Yahoo board and you will see that a few services sent one out. This increase in new buyers and volume and oversold conditions caused this "artificial" inflation which will pull back after the new buyers start taking profits. NO NEWS!!!! THINK ABOUT IT!
Good Luck
Madtig,
It's amazing how many people want you to post your charts and ask for you opinion but then go on a rampage about you being a basher when you try to warn them on a possible big pull back.
Nope, just thinking some on here could use someone else's perspective and realize there is another way to go long on this company and jump in and out to make profits while we are waiting.
Yeah, let's make it clear. I didn't all anyone dumb on here and yes I did say I think we wont turn around until we hit the teens and possibly as low as a dime unless good news comes out soon. I also stated the gap will get filled. I DIDN"T SAY WHEN DID I? Read the whole post and not what you think is bashing. No games here Shak, just realistic.
Shak,
my trigger today was at .40. when the volume came in and it crossed the 200 and 10 day MVA, I new I was in for a little ride. I just didn't know exactly how much so I placed my sell target at a penny over the 20 day MVA (resistance) and it hit. What do you know, I just clocked in a nice profit and now I'm out for the next low (in the GAP). You can make profits on the way down too you know!
Madtig6,
I know! And the sad thing is we get accused of bashing the stock. I'm a believer in this company as much as the next guy, but I do like to take profits when I can and reposition for the new lows. Oh well Madtig it is what it is.
I do know something. I've made profits off of IMGG now for the second time. I was in at .42 and out at .55 today for a nice profit. All I know with the current market situation and the lack of good news from the company you must always go with a sure thing. Right now that sure thing was to lock in profits from todays run while it was up. A few days from now people are going to regret not taking these profits off of the last two days run.
Smart money will lock in profits before the bell if they bought in the low .30's and .40's. No news! We are moving up for a couple of days due to it being way oversold. This is a nice uptick prior to the pullback for a lower low. good luck
it happened back in late December also to be followed by a series of lower days.
Nope, I take total responsibility. I did the one thing I said I would never do and that was to ignore my exit rules and went with the hype. (Greed) If I had just followed the charts early on I would have got out much earlier. You have to admit Dean did blow a lot of smoke for three solid months and now nothing.
Up and Up,
I did the same thing. I was in at .15 and out between .75 and .80. I only wish I didn't get caught up in all the hype and the smoke Dean was blowing up our butts and sold above 1.50. See you at .15 again.
No, I don't but it really doesn't matter what you or I think does it. At the moment I3 isn't worth more than what it was trading back in August since Dean for some reason wont show updated images and given the negative sentiment the last CC left with the investors.
:) bouncing predictions? I've only made two predictions. #1 the gap .25 -.30 will get filled and #2 we will see .10-.15 before things turn around. We all know that no news is coming until late Feb or March and until this happens we will continue to bleed.
oh it's just a head fake. Bottom in the 50's
.25 by friday and a bounce off of .10 to .15 in two weeks before we stop the blood bath. IMO
I'm Just waiting on a better entry. .40 isn't it. If you are buying here then expect to take an initial loss on that entry. Wait a couple of weeks and you can double your shares for the same cost.
Madtig,
I agree with your analysis. I see us hitting the .25 level and filling the gap, but if no news comes within days or weeks of the gap being filled then I see us moving lower.
Let's be realistic here and use factual information. It clearly states in the FDA guidelines that the company has 30 days to respond to any questions the FDA had and it clearly states the FDA has a guideline of 60 days after additional information for a decision. Can the decision come earlier? Yes. Can it come later? Yes, because we are dealing with a government agency. We will not have a clear decision until April.
Madtig,
I totally agree and I did the same thing with this stock. I also let the hype get the better of my emotions and had a mind lapse on my rules of trading but have also salvage a pretty good profit. I will get in at a much lower price.
Ok Joe,
If you want to buy at this level then fine. I will double your position with the same out of pocket cash at a lower price.
You would be wise to hold on buying at this point. We closed below the .38 (200 MVA) yesterday so I would expect this to keep going down. Today is just a small correction before we go lower. I will be surprised if we close above .38 today. We will see .25 and unless news comes out soon this thing will see a dime before we go back up. Just my opinion. The charts at this point says it all.
Madtig,
I see what you are saying. I just ran the fib for support and as you can see from the .41 level and below we are in negative territory. If you place the top fib line at the .41 to use as a guide for any further decline is shows filling the gap so it's pretty much a wash.
Thanks for the reply
Joe,
I agree, but my point is why not limit some of your near term downside now by getting out for at least a profit and jump back in at a lower price. The writing is on the wall. Look at the chart, look at the last CC (more delays), and take a look at investor sentiment at the moment. We haven't found the floor yet.
Madtig,
So you are saying I should start the 100% line (top line) on the .61 level and the lower line on the bottom of the chart?
I can agree at times with your statement, but each scenario has it's differences and in this case with all this wishy washy news you have to go with your gut and what the charts are telling you.
Dont get me wrong, I have total belief in the product, but the FDA is it's own beast and one that has their own agenda and I believe we actually took two steps back since last submission. Over the next few weeks we will see how stong the .40 since level is. Hell, just look at each and every drop after we missed a hypothetical deadline at 15 days and 30 days and now 60 days. A 50% retracement from here is not out of the question.
Kingfisher7234,
I sware sometimes it fills like you're in Vegas at one of the slot machines. LOL! chaching chaching chaching
Here is your definition of a Fibonacci Retracement Lines:
1. Fibonacci Retracements
Fibonacci retracements use horizontal lines to indicate areas of support or resistance. They are calculated by first locating the high and low of the chart. Then five lines are drawn: the first at 100% (the high on the chart), the second at 61.8%, the third at 50%, the fourth at 38.2%, and the last one at 0% (the low on the chart). After a significant price movement up or down, the new support and resistance levels are often at or near these lines. Take a look at the chart below, which illustrates some retracements:
Maybe I'm missing something here but this looks like I marked pretty close to the high and the low of the chart. Hell, My lines pretty much mach up with the lines from your chart.
Be it as it may, we will see the gap filled.
Sorry that my opinion pisses you off!
After making a few bad choices on timing a trade I decided to take a look at some editorials and watch videos on youtube. I've picked up enough to limit my downside on a pullback. Check out the website that my chart is from and look into the editorials they provide. You can get some pretty good info from that site. The one thing I did learn with this stock is to never get emotional with a certain stock and hold on to it when everything is going the other way. You can always get back in at a later date after you have sold for hopefully a profit. I wish now I had sold above the 1.50 mark. Chalked this one up as a lesson learned. I got caught up in the hype but still made a pretty good profit.
Let me restate my opinion in another manner. When the news is not good and we are in a downtrend like we are, most of the time the gap gets filled. Yes,breakaway gaps get filled, but that won't happen in this case until we start moving up again on good news. With the current news we are in a downtrend. It might not fill tomorrow, but in a matter of days or weeks with no positive news we will continue down until this gap is filled.
Chart for anyone that wants to see what I'm looking at.
Gap will get filled and if this happens, I see panic selling which will bring it below the gap momentarily until is settles and trades sideways in the gap until we get good news or get closer to the new decision date. I'm not bashing. I'm just stating the facts of the current situation. I'm long on the company myself, but wasn't going to sit back and watch it go all the way to my purchase price of .15. Sold all at .65 and will get back in below the gap. I believe in this company and the technology but at this time you need to play it smart and not watch your current profits disappear.
GLTA
http://stockcharts.com/c-sc/sc?s=IMGG&p=D&yr=0&mn=4&dy=10&i=p25361512778&a=186136740&r=392">">http://stockcharts.com/c-sc/sc?s=IMGG&p=D&yr=0&mn=4&dy=10&i=p25361512778&a=186136740&r=392">" />
Gap always gets filled on a down trend especially without good news.
If it breaks .37 which is the 200 MVA then look out. At that point it will fill the gap between .25.30 and could possibly see .20