looooooong gone !!!!!!!!
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Chart update - YESSSSSSSSSSSS!!!!!!!
This is the strongest technically this stock has been for some time.
Since .15 was such a strong support for so long, it will be a strong resistance. If the pps CLOSES ABOVE .15 for a few days running, that would be a strong signal for trend reversal.
The momentum indicators today have a fairly strong positive bias for the first time in a long time.
The significant finding is the breakout of the (red) downtrend line and
the 10 dma - look back on the chart to see how long those two kept the price down.
Let's hope there is some news out there that we don't know yet and that this is the start of some better days ahead.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p51125780790&a=195071609
Like it or not, I am quite sure there are "friends and family" who are in the know re what is really going on. I believe they are holding on to their shares ( probably purchased at a very low price) and all those who wanted to sell , either at a loss or a profit, have sold.
Therefore, there are no sellers out there, so the pps is remaining in this very narrow range.
When you see buyers come in and the pps starts a true reversal, you can bet it's the same "friends and family" adding to their shares.
Be patient, wait on that event, and buy along with them.
Of course, we all have stop losses set in case it goes the other way - right?
lobcrab and Lambster-thanks for the kind words.
I also read your posts - can't say that's true for some posters here though---:o))
Glad to hear my tech posts are helpful - and , yes, trading technically does keep the emotion out of it. That's not to say that the Tig doesn't get emotional on occasion, but it is at a minimum, as that's when I make the big mistakes!!
I like the effort being made to break out today.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p23120965596&a=195071609
Article only a year old !!
Great dd on your part.
Chart update.............................
This looks good so far. Want to see more volume.
Breaking the downtrend line is a big deal and reversal of the STO also.
If it breaks back above .15 and stays there, I will consider that the worst is behind us
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p65134618076&a=195071609
Thank you AT and Mugs................
.......for keeping us all on our toes as to just how corrupt this company and it's CEO, the nefarious ( –adjective -- extremely wicked or villainous )
Mr Dean Janes, really is.
You are performing a great public service by bringing your highly professional input to the board.
Please continue to post your insightful due diligence, as I am sure most of us are interpreting your posts in the manner in which they are given.
I know I certainly am.
bb-It's not that simple
There is a lot more to TA than a chart like you posted.
I have 3 other charts on IMGG (and all my stocks) that I consult before drawing conclusions and/or trading.
It is NOT a given that the PPS will go down from here. It MAY go down, but it is not a given.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p41555843239&a=195071609
KF-I posted this earlier(Chart)
The momentum is trying to shift -- I want the STO to cross up and over the red trigger line.
Note to bb - notice how the PPS wanted to get back inside the BB range. Doesn't mean the PPS won't slide down a diverging lower band, but it usually slides down on the INSIDE of the range. Spikes occur to the outside aspect of the ranges, and trends on the inside with occasional short lived spikes.
.14 is forming a nice support.
If .14 breaks with a diverging (downward pointing) 20 Bollinger Band (orange) then we could see a major downward movement along that lower BB
The next resists are the downtrend line and the 10 dma
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p41555843239&a=195071609
Chart update........................
The momentum is trying to shift -- I want the STO to cross up and over the red trigger line.
Note to bb - notice how the PPS wanted to get back inside the BB range. Doesn't mean the PPS won't slide down a diverging lower band, but it usually slides down on the inside of the range. Spikes occur to the outside aspect of the ranges, and trends on the inside with occasional short lived spikes.
.14 is forming a nice support.
The next resists are the downtrend line and the 10 dma
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p41555843239&a=195071609
Ever hear of attorney-client privilege?
Good luck with that phone call
bb-so you wanna' be a technical analyst eh?
When the a BB is breached to the OUTSIDE of the band, usually there will be a correction coming to get it back INSIDE the band's zone.
Notice what happened when it broached the upper band on Jan 9 and 10?
The pps may go down from here, but not for the reason you state.
Better do some more study before posting your "TA" !!!!!
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p20765430391&a=195071609
Chart update-I agree with the Chicken.......
The breaking of the .14 support will be the death knell of the PPS, IMO, of course.
The Bollinger bands diverging are a big deal at this point.
All the momentum indicators say that momentum is clearly falling off.
Here's a daily chart and the weekly chart shows support levels below .14
Daily:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p20765430391&a=195071609
Weekly:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=9&dy=0&id=p12333521328&a=207192102
hh - Chart update
So far it is ----:o))
Breaking .15 is a big deal. I sold 1/2 my remaining shares yesterday after the recent news broke
AS of now it held at the .14 - new support.
Basically, to put it technical language - the chart sucks !!!!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p26661207578&a=195071609
Every "incident" that is uncovered by private investors just looks worse and worse for DJ's ethics
Gives a history of cover ups and partial truths or downright lies, rather than only one incident.
"Fool me once, shame on you. Fool me twice, shame on me"
How much more are investors willing to accept from the CEO if , in fact, he has been lying all along.
The reason I say that Bogdan's posts seem ominous is this line from his post here on this board:
"The October letter is outright shocking to me"
Since Bogdan is the lawyer who has started legal action vs. DJ, I think that his willingness to post info on FB says that that info is damaging to DJ.
Of course, until the info is actually made public, I am going on a "gut feeling" re the tone of the posts
Here's the link to the Oct 29th CC
http://www.imaging3.com/media/conferencecalls/State_of_Company10-29-09.mp3
Bogdan's messages on this board and on FB, sure do sound ominous
If so, and once circulated, could do serious damage to the pps at a time when it is already in peril
Lots of shares moving at .151
http://s944.photobucket.com/albums/ad282/madtig/?action=view¤t=CAPTURES2.gif
bogdan-please let us know when you post on FB-thanks
Verificaton please or is it a fabrication?
Chicken-again, thanks for feedback. I was taking exception to the word "screaming" ...... I like your phrase of loud whispering much better---:o))
I would feel a lot more comfortable if we would break up thru the downtrend line with some conviction......otherwise we are in Limbo waiting for some fundamental news.
If we have to wait too long, I don't think the .15 will hold and then it's anybody's guess where it will go. See weekly chart below for supports
I definitely don't like the momo ind on the weekly ( weakly) chart, esp the STO
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=2&mn=3&dy=0&id=p72009441884&a=207192102
Lamb-You are not so challenged!!........
That is exactly how I am playing it with the 100K shares at .06 that I have left
BB-so you wanna' be a technical analyst eh?
The Bollinger bands are NOT SCREAMING anything. The pinch indicates a probable break of trend, BUT DOES NOT DEFINITIVELY INDICATE IN WHICH DIRECTION.
An experienced technician could make an educated guess at the direction, but it would only be a guess.
Are you that experienced in TA that you can make a statement like "screaming"?
Testing the .15 support again
http://i944.photobucket.com/albums/ad282/madtig/scsIMGGp1yr0mn0dy3ip62342198082a219-1.png
Good advice, as usual, Wise Owl.
IMGG is, at this point in time, a "high risk / high reward" stock.
Still a very speculative situation...... if FDA approval comes this round, then we should see the reward side -- and if purchased at .15 or below, should be a very nice reward indeed.
OTOH, if another rejection letter is received, this COULD drop like the proverbial lead balloon. Must be prepared with a trading plan and ( hopefully) some form of stop loss strategy, in that event.
Or be prepared to lose it all. Not a pleasant thought, but must be considered a possibility--- and should have been considered a possibility BEFORE share number 1 was purchased.
Chicken-thanks for the input. I know you like the BBs and have studied them in more detail than I have.
What you say makes sense.
Today it did close ( weakly and with a doji - doji indicates indecision) above the downtrend line and the STO has crossed over and up. Williams %R also crossed the lower boundary, possibly indicating a break of the oversold condition...... note the last two blue circles and the following days. Same goes for the STO
No conclusions yet, and tomorrow will probably tell the tale.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p14953367411&a=195071609
Lamb-still here.I don't participate in these "discussions" as I find them non productive.
Chart is quite interesting and today's close should reveal some technical info.
Higher volume - yes, but a "red" day as shown by the volume bars. Up as high as .158, but pulled back from there and touched the all important .15 support.
It's been oversold ( williams %R) since early this month. It's playing footsie with the downtrend line and the lower 20 Boll Band - something's gotta give.
I haven't the slightest idea which way she'll go !!!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p14953367411&a=195071609
Re drpolk-I can verify, thru my own sources, that
drpolk is, indeed, a legitimate shareholder of long standing
and is an "upright guy"
I place my trust in what he has to say over the rambling, repetitive and unverified accusations on this board.
I am a very careful investor and spend lots of time researching any company I invest in.
I have profited significantly by trading IMGG over the past 4 years and still hold a fairly large position at .06, which I will continue to hold as long as feasible.
Will history repeat itself?Chart update
Compare blue circles.
Will we see a temporary spike as in the past?
Will we see a breakout that holds?
Bollinger Bands squeezed in quite tightly.....which way will it break?
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p14953367411&a=195071609
vibe-"madtig6, aside from the technicals, I don't believe this will break below .15 as it has proven to be a VERY STRONG SUPPORT LEVEL"
That, my friend, IS a technical statement---:O))
I certainly have never claimed to be able to predict what happens with a stock price ( esp this stock !!)but the ODDS are in favor of a breakdown without some good news.
Just my opinion, as usual.
capn-that's true and I personally, would like nothing better than to see a breakout on the upside of that DT line.
However, with all the other indicators taken into consideration, it is MO that we will see a breakdown - unless there is some positive news and FAST !!
capn-I think you meant Jan 6. Compare the two black vertical lines.
Note the difference in the STO and ADX esp.
In Jan, the STO was crossing up over the red trigger line and the ADX had a cross also with the uptrend strengthening.
Also, there was no concurrence of all those moving averages.
I think this time the result will be different, but who knows ????
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p07526295676&a=195071609
Chart update..................
Things are about to get "interesting"
The pps is getting squeezed between the heavy resistance above and the lower (orange) Bollinger band. Notice how the pps has bounced up off that lower band at .141 and .142. The 50 BBands are also starting to pinch in.
The pps has been eyeballing .153 since about 1:45 this PM
That "pressure" will be relieved one way or the other.
I know which way I would bet on !!!!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p14590300565&a=195071609
All of these "What if's" are answered with the question ---
"What is your trading plan?"
If you don't have a trading plan, then you are at the vagaries of the markets, over which you have no control.
Set a stop price at which are you are not willing to lose any more -- sell it at that price.
Chart update-since the board is unusually quiet today, thought I would give you a chart update. It is truly "underwhelming" !!
A load of resistance at .16 ( approx) area due to convergence of the multiple moving averages.
Momentum indicators mostly neutral, but the STO is heading lower.
Note the note on chart re the Wm %R.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p00290956755&a=195071609
kimble-whenever I see "100%","always" or "never", my skeptic kicks in
I went back a year and checked some of the present day detractors ( I can't name them due to TOS violation) and I found that your 100% was not accurate. Several that I checked were singing the praises, "going to $5.00" etc. etc.
So, perhaps your "facts" need to be verified before posting.
Minestrone-technicals are technicals and fundamentals are fundamentals.
Each has to be looked at and evaluated as separate entities, but realizing at the same time, that they are related.
This may sound like double talk, but it's the truth.
My forte is the technical aspect. The .15 has proven, without a doubt, to be a very strong TECHNICAL support.
So, no matter what is going on with the stock, insider buying/selling, Market Makers etc etc, as long as the .15 holds, the .15 holds.
And, because it is so strong, if it breaks, then there is big trouble ahead for the pps.
.16 is now building a base for a new support at that level - not yet, but working towards it
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p79516529219&a=195071609
HELP!-can somebody interpret the pursuant tos and the wherefores and whatnabbits, and as amended ases for a cotton pickin' English speakin' peasant like me?
In plain language- does this mean a crapload of new shares are going to be released for NO MORE THAN .20 per share?
What else does it say in real talk?
Chart update-like watching paint dry.....
Notes on chart self explanatory. Ho Hum !
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p36113384006&a=195071609
kimble-I hold 100K pp shares at .06
I have sold all other shares , which totaled many times that number.
As long as .15 holds as support, I consider the risk - reward to be worthwhile
If .15 breaks, those 100K shares will be history.
Greed? I think it's just good judgment on my part
But useless at this point for any serious investor