is...Either trading futures or fishing
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My friend there is nothing easy about it. You can get ripped apart if you dont know what your doing and alot of times even if you know what your doing lol
The way the charts looking it shouldnt be long. Im gonna do what i do and look for a tripple bagger then dump it. I believe it will go alot higher but you know how i play em. Caught a nice little ride in gold futures this evening so im about done. gonna watch a little tv then hit the sack
I use it for big boards,pennies as well as i use the same TA for trading futures contracts. Been doing it for over 13 years now. I have never traded on hype or news. I have been very successful in my trading career. I trust nothing that i cant see.
Here is my take on this stock. I only trade technical plays and this one fits my criteria very nicely. I dont care what a company is or what they do. I only care about what a chart can show me. I took a very large position in the stock last thursday when it hit the lows. Look at this chart. Since January this stock has risen very nicely on a strong volume decline. Thats speaks alot to me. Right now its holding support around .0065 and has a tripple top at around .015. Everything about this screams breakout. the two big block buys it had last week also speaks volumes for it. I see this breaking out hard.
I remember you from another penny i played a while back. ATRN. Not even trading anymore. This one also caught my eye. Loaded heavy last week into the dip last Thursday
Then how about we turn off the automated spam? Then i wouldnt have to bother with removing automated spam from my mailbox
Yep but i collected and im done. This is just another stock of the year pump and dump
Did you mean .02 first week of august? I just shorted it
Your right. There have been many times i made 3 to 4 dollar pops in a day on 1000 shares. This one can explode when its ready. Have had many times made over 10 dollars per share in a 3 day trade
I have alot of faith in the pattern this stock is taking. I have banked huge on this stock as well as other big board mining stocks. We are in the burning season as the weather gets hotter so coal stocks will start doing good also. I am a coal miner so i really like to swing major coal stocks
MCP 2 day candle chart.
MCP is looking real good on the 2 day candles 3 year chart. Came up and tested the 200 period EMA and broke down through the indicators. Its next target price is 38.00. Stochastic are way oversold. This is a nice 1 week hold or better for a nice swing trade. Notice on the chart where it broke out of the upper trend line in the downward wedge pattern and came back down to test it again. Its lines up with the upward channel pattern where it is bouncing off the lower trend line of that pattern. I have banked major money in the past on this stock. This is easy money and this is how you bank on the big boards!
So your saying you own roughly 5% of the company? Man but the stuff you read on these boards
That would be swing trading it and it aint moving enough for a seasoned trader to swing it right now either
This aint being flipped. 12 candles on the 1 minute intraday chart in 1.5 hours of trading and you guys are sqawking that its being flipped? How funny
Happy Easter to everyone! Peace and love to you and your families
Buddy im not saying it wont move it up. Im just saying they will drive it back down until they are ready to let it run.
The MM's are gonna do what they do and thats manipulate. Dont matter down here if you hit the bid or ask. They will let it run when they want. look at this chart on the daily. It had over 45,000,000 shares traded on March 15th and where is it now? Right back down. How many people slapped the ask that day?
Damn sure aint based on slapping the ask. ;)
You do what you gotta do and dump it for profit when it runs. ;)
Sorry but i dont play the what if scenarios
Buying on the ask or the bid makes no hill of beans about anything. I notice about all the people squawking about buying on the ask and the price isnt moving up? It will move when the MM's allow it to move. People keep talking about slapping that ask and where has it gotten anything? Nowhere and never will. Your best off getting shares cheap as you can
Probably not gonna see anything this week because of it being a short one. But the wedge is getting tight and running out of room. Should see another pop soon
Only way to play em imo
Just dont take my word for the gospel. I have traded on the professional level for years. As far as pennies go i will only trade one in a strong pattern and GDSM fits that catagory. But with pennies it can turn on a dime. Thats why i take profits when it hits and buy back in with free shares. You cant lose with free shares
2hr & daily charts. Some of you guys need to relax and have a little patience. Weather you are playing this for the charts or for company news its going good. The charts on GDSM is looking great on all time frames. Look at the 2hr and the daily charts i posted. Been consolidating very nicely in a strong wedge pattern with strong support on the 200 period EMA. Also the same with the daily chart. Nice strong wedge pattern with very strong support on the 50 period EMA. Its all good
2hr,4hr & daily charts. Very strong support on all three time frames. On the 2 & 4 hr charts you see strong support on the 200 period EMA and it pretty much can be used as the lower trend line. On the daily chart you see strong support on the 50 period EMA and it can be pretty much used as the lower trend line.
The statement you just made contradicted the hell out of it self. They dont work but the only reason they work?
Yes and from the charts i belive it will. I have had a sell order in for 1/4 my position at .10 for almost 2 weeks. I just lurk around on ihub looking for chart plays while im trading futures. GDSM is an excellent chart play and im in long at points
Your right. There isnt one person on here that wouldnt dump this in a minute for the right money
The sad thing is that is the cold hard truth. You can read 100 boards on ihub and they will all say that their stock is the one to be in in 2012. Or that this is the grandaddy of all breakouts. 99 of those boards are wrong so which one is right. I belive only what i see on a chart and none of what i hear from anyone. I wish i had a dollar for everytime someone told me i would be sorry i sold. Or that i was greedy for selling. Thats the craziest thing i ever heard. The ones who hold and wanting more are the greedy ones. This market will never change so there are only two ways to go. A person can go with it or against it. There is no one that will ever win against it
It aint gonna stop. People like me will make our money. I got in this game over 11 years ago to make money. Everyone in this game got into it for one thing. To make money. I didnt get in it to be an investor or anything else. Some are gonna try and hold because they want more. Seasoned traders like me are gonna make their money everyday. I rarely ever play pennies unless i see a chart that tells me something. I make my bread & butter in futures. But when i see plays like this im gonna flip the hell out of it. If your tired of people doing this then you need to stop trading because it will never stop. You choose to try to sit on it and hold long. We choose to hammer it out all the way up. Either way we are here for the same reason
Very nice day! Held 8 contracts over from friday. Just exited the position and waiting for a pullback on the 60 minute chart. It was getting a little over extended
Thats why i trade gold futures. Easy money
Right now its $1681