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You have to be kidding me!!! The 50 MA has been toast for several days now, and the 200 is broken also. Do you SEE the chart that I posted, or check your own....
I will not waist time or posts on this. Facts are facts when it comes to TA. UNDESPUTABLE.
Wow, did not expect to see this!! I thought that they had already dumped. The volume is pretty big this morning, and the price of gold has nothing to do with it today.
Buying opportunity = sheesh, now not so certian.
OK Luke, here is a little TA 1 hour chart going back to before the run up. (see chart below). And a couple of my fundamental's opinions as follows.
1. The quarterly earnings, while impressive, still show a bottom line loss for the Q.
2. This company went thru a REVERSE SPLIT a while back, and in the penny world, that is almost always a negative. Wash, rinse & REPEAT.
3. To me, the Gahana news is not as hot as many here would like to believe. MANY better markets for the company to be focusing the attention at... I hope the ceo is not spending more than about 20 minutes a week on Africa.
4. These new aquisitions require dilution, but the GoEz venture was at least restricted shares. Problem is, I have not found the terms of the restriction lift date. Yes, the price is at .135, but for how long??
5. EXCESSIVE to the moon and other PUMP style posts hitting this board BIG. Lots of kind of brainless pump style posts. And now seem to be drying up a little bit.
5. I am certian that I could find more, but time is money.
ON THE POSITIVE SIDE.
1. The ceo likely is good, and seems to keep investors informed.
2. Insider buying is impressive.
3. All filings seem to be up to date.
4. Palo Alto is in the middle of silicone valley. So contacts with great tech. people are close at hand.
A LITTLE ON THE TA SIDE, other than what is seen on the chart.
This stock's general pattern at the present time does not make for a good ability to do TA. The standard indicators are going to be blown out of proportion due to the big spike.
Big support should be at .03 If it closes below, it's TIMBER time.
Golden cross has been broken.
GU news today looks mostly like a wash. Or at best slightly in favor of the dollar.
My ADX indicator is slowly closing the gap on the reversal level set at 26 (presently at 25.316. Needs to touch. Crossover spread still a little wide, but falling. And angle of decent on the fast indicator is not as steep as I would like to see.
Still uncertian about direction, so likely more or less sideways for a while.
Yes, but decided that I do not want to get into eorif.
Luke, I just shut my trading platform down for the day, but will get back to you in the morning. I just put a friend of mine into a very small starter position this morning, and I have a very small position. That being said, we will pull in a hurry if this thing keeps dropping early on tomorrow. I can tell you that I will have a couple of pretty negative things to say though, and regarding what penny stock CEO's say, well, I have absolutely no faith left in them.
it's likely because it's a pump & dump and now being diluted to death...
Chart for GU. Some hope here. Added a custom adx to a 2 hr chart going back about 2 1/2 months. Tweaked the numbers a little (lot), and came up with this.
Correlation with crossover system is good (4 of 4)with one directional change missed, but the crossover picked it up. This is the area where the rectangle is seen. It is a longer term trading system.
The lower indicator shows the parameter touches and are marked. And right now it is comming up on the top parameter. A touch of this should indicate a certian directional change forhtcoming. It can lead by a few bars, maybe 3-8. But at least things are looking better.
Covered my long GU for 70 pips. Now naked short my carry trade GU.
Can not find that sto-histogram at TDAmeritrade charting. They do not have it. Playing with some other stuff tho. They have quite a number of different indicators that I have never heard of. Platying with something called a spearman. Lower indicator with just 2 lines, but takes forever to calculate a change. Had a write up about it in stocks & commodities magazine some months back.
Evening guys. Wow, damn GU. I held my shorts over the weekend, and added a little long going into the close Friday just for insurance. Kinda had a feeling about a gap up. Now I gotta figure out when to pull the longs!!!!
SG, saw your posts regarding the sto histogram. Gonna throw it at my TD Ameriturd charts here pretty soon. Interested in seeing how it stacks up against my stuff on that chart.
GU BLUES AGAIN..
That would be the best fx trade of my lifetime!!! I'm just holding on like a tick on a dog, waiting for the numbers to get so big that they blow the side of my calculator out!!!
Thanks for your input pennies. appreciated.
Fortunately I'm not in to deep on it. And have not seen the whites of their eyes, so can't pull the retreat trigger at this time. I see a level of resistance comming up shortly, so will see what happens.
It's just slowing me down regarding whanting to take on any other skalps at the moment.
I can be a tough nut to crack, just like they are. Held one for 3 1/2 months one time in the last year and rode it BIG out of the money. It caved in and I wound up making a nice profit on the trade.
I just hope that the Brits. are not wanting 2 lb. to the dollar back again!!!
Yes. And the Prelim. U of M sentiment will most likely be a miss at 9:55 also. 8 out of the last 10 have been missed to the negative side. And some really bad ones thrown in.
C'mon Ben, make me a believer and call the U of M and give them the # that you seem to believe in. No problem, it's just a prelim # anyway. You can fix it later!!!
Need a little help with my GU shorts here. Priced high enough that it has to crack to the downside sooner or later.
Thanks cork for your input. I did my homework tonight on both Brigus and MEAOF. Only downside I see with Brigus is a LOT of debt. But they are producing a lot of gold. Gonna take a while to eat thru the debit unless gold goes up big as you & others allude to. It's a maybe for me right now.
My personnal all time favorite is GORO. And I recently started buying back a little. But as usual, I seem to always be early with most of my entry's. No debt, big grades, open pit, low cost & a little div. thrown in. First bought it at around $2.50 some years ago, and sold at $9. Wow, what a mistake. Went to $31-32 a year or so later. Now back to about $7.75 and trading big swings with the daily price of gold.
Another more speculative play is NBRI. Have profitably held it for a long time. BUT I will admit that I took about 80% off the table on this one in the last 2 weeks. And now have cash to but into something a little less risky. The reason for this change in risk is because the proven producers will gain immediate benefits from rising gold, and NBRI is a long way from being a solid producer. In other words, my thinking is that gold will likely go higher in the near term, so want the producers NOW, not so much the spec. plays.
That being said, (and now I'm contradicting myself already) I believe that I will take some MEAOF's within the next week or sooner. Depending on what gold does day to day. Really like the fundamentals and price. Will likely layer into it a little at a time. Found that to be the safest way to enter new positions.
Regards & may all your trades be home runs...
stkjunky
Good post cork. Appreciated. Question, are you still watching, or invested in TGD. I made some nice low risk profits on it over the last 3-4 years but have sold all but a few shares. Just enough to keep it on the radar. Want to try to time an entry back into it. It (as you know) is beaten to death along with most all gold stocks.
May the dead dog rest. "0" volume today... First time in over 5 years of my experience with this stock. Good job Keevle. Now you will not be getting those pesky questions from all those potential new shareholders, because soon, no one will even bother to look at this. First glance, then gone with the wind..
Oh, almost forgot, no sellers today because everyone that wanted out has sold long ago...
Sorry longs, and I truely mean that. This stock has crapped on a lot of people along it's tedious/time consuming path down AGAIN to this level... I was a believer myself at one time.. No more..
Yea, I tried calling them, and got no answer, and no return call so far.
Called the phone # on the web site, and got HELLO, This is John. And don't call me unless you want to talk tires. No formal greeting, Like Hello, this is cambertech tire's inc.
Looks like SCAM PUMP & DUMP TO ME. And price reflecting such.
Stock is not going to go untill people can buy it, period.. When is this restriction going to be lifted so electronic trading can trade. I.E. TD Ameritrade
Looks like the A part of the A/U is in trouble here. My daily chart looks real close to kicking out a turn, but needs another bar to be certian.
Japan machinery orders no good tonight also.
A/U problems helping my G/U shorts right now. Don't know why, but ok with me. GU seems to be pretty overbought on it's own, sooo will see.
Sorry people. Dumped 75% of my shares today at various prices on the way down. Can not risk losses. Took some profit off the table. Been in this for a LOONG time, and still hold a core position. And no, I did not sell enough to cause this sell off today. Been selling a little since above .07
A few things are not adding up positively here for me right now. Will buy back when I think the time is right. Maybe lower, maybe higher. Does not matter to me.
Have a couple of others that are way out performing. And a couple of already highly profitable gold issues that are hammered down way below what they deserve. Bottom line, better opportunities elsewhere.
Nice short term decending channel for the last 60 business days, counting today’s bar. Williams daily %r running in the upper range suggesting overbought. And here is a weekly chart that shows both the long term and short term trends. Also, the accumulation/distribution for the last year is indicating selling, commensurate with the downtrend in the stock price.
The 50/200 MA (not shown) are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 60 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .047 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know. first posted on 8/13, 20 business days ago.
Well, here it is. Setting on the 50 day moving average now at .043 bid side. Williams %R is now 100% oversold. It's show time from here. It either bounces, or crashes. Looks more like crash than bounce to me!!
Can you provide links for the 8-k's showing this insider buying?? When I look at pink sheets, it shows nothing. Are you getting this from the TSXV, and if so, where??
Don't blame you. It could get to be a pretty rough hold.
Not me. I'm gonna hold untill I see the whites of their eye's (GU).
Just need some good news from the U.S. But that might be expecting to much.
OK, gotta agree!!!!!!Bernanke the ring leader & puppet master..
Yes, just gonna set back & watch now. Catch you later.
Just sold another GU, but being conservative. Been watching it. Could be/hoping for a good carry. Certianly looks toppy and up against resistance here.
Git. what is the circus??
Pennies, you out there today? What do you think about the G/U this morning? I am still short & would add if it cracks to the downside. It's been running pretty much right on my entry line for the last 24 hrs. Shure like the long term downside picture, but??
Covered my U/J long last night for a few pips profit. Feel like I was dodging bullets on that pair yesterday, but came out alright.
Wow, that chart certianly looks primed for a drop (cad/chf). Hope you knock it out of the park with it.
Yes, I am short at 1.5693. Been in it since this morning.Hope to make it a longer term hold, but not certian right now. I think pennies went short this morning also. But not certian if he is still in it.
I posted a chart on it this morning (12H). Looks like a nice pullback can happen.
Here are the facts. I said sept. of last year. Not some other longer range custom fitted timeframe to show what you wish to portray. This is a relevant timeframe to consider.
If you think that their could be something wrong with this (strategydesk) software, then probably you should contact TD Ameritrade about it.
It's also resting SG's 441 MA sown with his recently developed fib system. Coin flip at this time for the shorter timeframes.
"Seems if things are as you portray them than there should be massive selling but yet there isn't in fact accumulation continues to rise?
Something is certainly at odds here?"
Yes, this is so strange. When I add accumulation/distribution to the chart, it is showing NOTHING BUT DOWN since sept. of last year. It is now at NEGATIVE 19 plus change.
Holy cow, you will likely claim that the numbers in my charting software must be all tangled up/ computer corrupted/ aliens playing with my brain causing me to see things backwards/ or whatever other perversion that you can come up with.
Covered my last UJ shorts for 10 pips profit, and went short GU. Still long one line of UJ out of the money a little bit right now.
Nice short term decending channel for the last 58 business days, counting today’s bar. Williams daily %r running in the upper range suggesting overbought. And here is a weekly chart that shows both the long term and short term trends.
The 50/200 MA (not shown) are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 58 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .048 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know. first posted on 8/13, 18 business days ago.
Morning pennies. Thanks for the "cool". I have TONS of work to do with the TD Ameritrade charts. Did my first work with it just this weekend. I see potential in it. But certianly will not abandon MT4.
Will try to incorporate more annotated charts with posts in the future.
Kudo's on the revisions. I suspect Bernanke just calls the Bureau of Labor Statistics (or whatever agency involved), and tells them what number to post. Lets him control the U.S. currency markets to fit the Fed. Reserve's whim & fancy. """ we will just change it later""" at our convienience.
Wow, just check out the miss on the Canandian building permits. About 16% above expectations. Last 6 weeks have been rediculous with big misses.
UJ and likely your GJ shorts now looking good again. But I am looking for the big turn up, that is going to occurr sometime in the future. Just have to wait for the charts to tell us. Then I am going to hit it hard on the long side for a carry trade.
OK, I have it now. It copys the text, but when I submitted the post, it came in as a picture. Been a long time since I did charts in posts. Gotta get used to it again.
The uj price has touched the lower std dev. line 2 times recently. And the price is traveling along/slightly above the line now for several days. This is a small margin account that I am going to switch over to fx trading thru ameritrade. I use FXDD with mt4 for my main account. Also have a much larger IRA with ameritrade, but can not trade FX with a 401k or ira account.