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We will need a reason for that. We need the company to give us that
Keep in mind this is a low float stock. If such little volume could bring us down 50% imagine what higher buying volume can do...
Lots of us are.
They have a pretty good idea... They just want to release as accurate information as possible to shareholders.
Regardless, they have brought major assets to the company.
What are you talking about? They are announcing only the important accomplishments. Recently they have issued 3 PRs. The first was announcing their LOI, the second was announcing they closed the acquisition, and the third was announcing the name change. None had fluff. Would you rather they didn't say anything?
Precisely. So far the big money in the stock already has not been selling, the big money has been catching shares on the bid from the weak small positions. IMO big money won't be ask smashing until the company gives them a reason to.
I agree. All of the inexperienced investors are like
"omg everybody sold $27,000 worth of stock in the first hour and it's down 10% omgggg it's tanking sell!!"
Blue sky is fib territory.
I would agree!
So now we are calling people names for taking profits? Is that it? Oh my
I can wait a while. No particular rush for it to boom
Probably more consolidation IMO.
Nobody else thinks it's odd that there is no price reaction to MASSIVE buys?
These pivot points were drawn well before there was a top to run a fib retrace on IMO. The .47ish line in particular.
Fibonacci is solely based on an arithmetic sequence where the ratio between the numbers is what is behind this thing, and I don't really think that legitimately provides a support/resistance point. In my opinion it is a psychological thing and can be a useful tool. I have seen many stocks where a retrace can nail a bounce point. I still can't figure out if you are implying that these fib fan/extension/retracements are actually support/resistance points. I've followed your charts for a long time and a lot of the time it seems the points you chose for a fib fan were almost arbitrary, and selected just to make the fib fit the chart.
I don't find the fib fans and extensions very useful. I think the fib retrace holds the most weight here. But then again, maybe I just don't use it correctly. It just seems fib extensions/fib fans are only used by you in hindsight to describe price action where you finally find a set up that works. I don't recall seeing you create a fib fan/extension that you used for weeks. It seems you always change it to match the price action. Maybe that is your goal, as I said before maybe I just don't understand it correctly.
On a side note, very cool extension you did with MYEC. More so if you were able to see that on your first try and not having to keep trying different points to make the lines line up.
Keep making these charts. Very cool stuff when it all comes together.
Alright. Switch shifts same time tomorrow?
Watching
Perfect. It pays to be original
Please stop saying cheapies. Find another word please.
2 of my biggest pet peeves
-All caps
-"cheapies"
Lol
Nearly 20 million shares were purchased above .06
Most are holding so far. We are just poking along down here on low volume, any real increase is buying volume and we shoot up rather quick to our base at .07 area.
I disagree that they are issuing fluff PRs. They announced a LOI and then announced that they have completed the acquisition. No fluff there. They also announced that they are evaluating their properties. I am anxious to see what they are.
I'm long 211,000 shares.
Geez, enough with the accusations
Beauty is in the eye of the beholder
I've been contributing DD. I'm sorry if I Come off the wrong way.
Interesting series. If there is excessive failure to delivers, a stock would be on the REG SHO list am I correct?
You're welcome! Always good to ask questions if you need help in your DD where ends don't meet up. Have a nice night.
-DWS
An office is an office. That is just their headquarters, remember they have division offices in Utah. (How big of an office were you expecting?)
We are headquartered in Las Vegas, Nevada and maintain division offices in Salt Lake City, Utah
If you could please post the factual occurances you say you can cite here please I would greatly appreciate it. I am eager to learn if you have something to teach.
I know market makers, have watched level 3 and can site multiple factual occasions of pay offs made to SEC officials, FINRA, and the DTCC.
Thanks in advance.
-DWS
Save it with your condescending tone
Ok I feel you misunderstand my position. It is my firm belief that market makers do not bring down a stock. The only reason a stock will move up or downward is because retail investors buy or sell. Market makers sell/short when there is upward momentum, and when there is selling pressure they are buying and covering, keeping the stock up. Many people neglect that second part. They act as if market makers only exist to bring a stock down. It's easy to blame the market makers for a falling stock and pretend nobody is selling...
Lets use ORFG as an example.
On the 26th and 27th the short % was really high (44% and 38% of the total volume was short http://regsho.finra.org/FORFshvol20140226X.txt , http://regsho.finra.org/FORFshvol20140227X.txt ), as there was impressive buying pressure, so the MMs were shorting to make up for the imbalance.
Then on the 4th, the day many said was a "market maker low volume short attack" and "tree shake" where the price dipped 22% red below the close of the previous day the short volume % was much lower. 16%. http://regsho.finra.org/FORFshvol20140304X.txt The market makers were indeed covering their positions and keeping the price up.
Micheal Naumu, COO of Daniel Energy
http://www.danielenergy.com/about.html
I heard quite the same last week. Let's hope you are right about this week
As a shareholder of ORFG I hope we see our holdings appreciate healthily but I dare say that your claims that the FINRA, SEC, and DTCC are "in bed" with market makers and are criminals as well as that I am "in" with them are preposterous. I am sick and tired of the market maker conspiracy theories.
How am I in with them. Lol.
I think it is funny you are calling the SEC, FINRA, and DTCC criminals. MMs don't do anything besides slow the movement of a stock, be it up or down. Can they hide bids? Sure. Can they hide trades? Yes. Does that in any way affect the long to growth of a stock? Nope.
Please don't use all caps, very hard to read and take seriously.
I have no idea what you are talking about. "Buys printing as sells" Market makers don't control that. If the most recent trade is at a price lower than the previous it will print as red, regardless if the transaction occurred on the bid or ask price. Technically no trade is solely a "buy" or a "sell".
Please stop the conspiracy theories..
-DWS
I'm not sure I understand your question. The only way to artificially inflate/deflate a price is with wash trades. If somebody bought shares someone was selling then that is the price.
It's not going down because of market makers. That's ludicrous. The market makers are keeping it afloat
You want evidence? Look at the short volume % on any stock with good volume and you will find the short % is actually LOWER on the days where it is dropping hard. Market makers don't attack/kill stocks. Only people selling can do that.
Market makers hold a stock back when it is rising and hold it up when it is falling.
I have preached this time and time again.
Another example: I bought into SGLB when it was dropping. It was dropping from its high of .12 and I bought in around .07. It continued to drop down to .04ish where it rebounded, and ran all the way up to .27