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iHub L2 shows it was a 25,000,000 trade at .0011 (below the bid) and not a hit on the ask. These huge blocks have been going through nearly every day for a while, usually just below the bid.
I have AGIN (AGINE) on my chart list on stockcharts.com but it stopped showing any data a few days ago. I thought it had been haulted or something. What happened there?
Well, he was moving OK earlier today with hits between 1 and 2 million. He seems to go wherever the retail volume takes him. If somebody sells on the bid, he'll jump down. If people buy the ask, he'll jump up. BMAK has been a pain, but has shown a relatively good deal of control. Even on the run that we all wished was going faster and higher, BMAK let it go up some, then would follow it down to logical support levels. Yesterday when retail sell-off hit heavily, BMAK followed, but didn't push to take it below the lower bollie (again, a natural support). I just think if BMAK was only there to dump, he obviously has the shares to take it to the 000's in a heartbeat, but is willing to let it move in a controlled fashion wherever the market wants to take it. We had a nice trend going, then a bomb dropped yesterday, but let's see if the trend can settle back in. 2 positive points-- lower bollie held, and we didn't touch old low of .0012 (barely).
Back to waiting and watching. Too bad I bought the 20-DMA support again, just before it broke. We would be touching that upper bollie right now if not for the A/S bomb.
BMAK has been on the ask all morning, but upticks with a hit between 1 and 2 million. So, BMAK is there, but is willing to move either direction depending on where the retail volume goes.
Bottom bollie held. Would have preferred to stay above the 20-DMA, which is was doing nicely until the unexpected A/S bomb dropped. Let's see if she can climb back up there in coming days.
Yikes. AQUM dumped below my 2nd buy...below moving averages. I guess this won't be a quick one.
That's cool. But the chart is too high for me to buy at this point. Had I been following when it was bottoming near a nickle, I would have considered it, but as a bounce player, I'm not jumping in at this point
Yeah, that one looks like a mega-bounce. Blew right through the moving averages
Personally, I've switched to smaller targets lately. I flip out at 20% as frequently as possible. It has been more steady and safe for me. For example, flipped a 20% bounce in MWIP today. What it does next doesn't matter once I'm out because I made a profit. Usually I only "add" if I'm averaging down on a bounce play. I buy support and sell resistance and only re-enter on support if the chart shows a nice trend...so I can flip again (example...on third round with LVGI right now).
Anyway...that's what I've been doing lately to avoid losses I've taken when holding too long.
Yeah that thing shot like a rocket off the bottom.
Testing the 20-day moving average right now as support. If she holds this "higher low" then it will fine.
PCWT...oops! Nevermind. Looks like it was suspended after close. Looks like I'm caught in a suspended bounce play again. Twice in one year! Sheesh. Becoming a pattern?
Yeah, I was considering at .0003 for a quick flip to .0004 or .0005 but the bid fell right to .0002 and then to .0001 so fast that I didn't get in...and at that point I reminded myself why I made a personal rule never to touch triple-zero's again. As tempting as they may be. A simple .0002 to .0001 loss cuts you in half, and the more .0001's they dish out, the more difficult it gets to sell them. Maybe she'll still dish out some easy money to a few traders, but I won't be one of them.