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Good to hear, that means you got what it takes.
I just printed out a couple different chart pages and drew some trend lines. Today's low stepped just below the lower trend line and then closed sitting on it. That's a good sign of support when a stock does that. Also helps that the lower channel line also coincides with the 50 day. Looking better..
Either way I'm making money on this SOB soon when it pops, but damn I'd like to see a pretty I-hub board representing this dollar bound gem.
I like your style and thinking. Many others obviously just don't get it. All we have to do is wait, the reward is coming.
It was possible to make a lot of money here.
Was? You mean it "is possible to make a lot of money here!" There's absolutely no question about it. Technicals and fundamentals are bleeding dollar signs here. All we need is just a good green day and momo could easily return. This company is so much better in so many ways than PHOT it's stupid. I made my money in PHOT. Now my money is here. The share structure, the companies products and recent non toxic spiral financing convinced me. The chart breakout on volume and then a retracement on lighter volume is a precursor to a retest of the old Jan. $1.20 high at some point.
What many fail to see or realize is the consolidation phase of any breakout stock. This is a breakout stock. Price and volume do not lie. They mark the trail for the next run. Problem with consolidation is people's nerves and their inability to recognize what's going on with a consolidating stock. Each stock consolidates differently almost like each person thinks differently. Stocks and people are different so it's never easy to predict what each may do or not do. Waiting becomes a valuable asset. It could mean the difference between big losses and huge gains. To wait though, one must not be afraid of his holdings. Know your stock and feel secure in the fact that eventually it has to turn on fundamentals or other reasons you believe in. How do you think Warren Buffet has made all his money? He knows his investments and sticks with them through down-turns.
Sorry I'm sour. Just can't believe after all my years of learning my lesson on these pennies, I broke every rule I made for myself and gave MR a chance. My own fault on so many levels.
So now you just cry and whine at others on this board. Failure to plan in not anyone's fault but your own. Do yourself a favor, either sell or take control of your emotions. We don't like it either but the market is in control, learn how to ride the waves.
No one knows when this will reverse. That said, the 50 day should be strong support. Chart indicates a reversal should be near. Willing to wait? My plan is to add no matter which way it skates. I suggest you get your head on straight. Money is easy to lose when you are scared.
Stocks go up and stocks go down. Then, believe it or not, stocks go up again. Funny how that works. Funny how many people lose money on such a simple process.
This stock is not a mutt. The stock is just consolidating and retracing some of its massive early year run from under .02 cents. The market is never wrong. Traders and investors timing is what fails us. Our head and emotions causes us the loses, not the market. Guess wrong and you lose. Guess wrong with a good plan and everything oftentimes comes out okay to great.
My plan is to buy on the way down. That was part two of my plan, part one was to sell for a profit first day in on Runners call. That part of the plan failed, so on to the second part. Most of the time I use stops for a few pennies or up to 3% loss on any new position. I let winners run 10% or more and my average is 4 wins in 10 trades which makes me great money.
I've decided to hold and add on sector strength, the chart, the low share structure and fundamentals going forward. There are no worries here. This will turn and run. Until then, I'll be here and waiting.
One precursor to owning HHSE is a very active imagination. Without that, one would be absolutely bored to death. Right.. :o)
This stock might be following PHOT down. That said, the chart looks like it will provide support at the 50 day. Last time it came close to touching the 50 day on Mar. 10th it turned up. Look at the Stochastics and the RSI. Last time the Sto touched just below the 50 line the stock reversed. Last time the RSI touched the 50 line the stock reversed. I think we are close, at least that's the way I read it.
http://stockcharts.com/h-sc/ui?s=GRNH&p=D&yr=0&mn=4&dy=0&id=p92733868748
It's about due to come.
This stock did not take off on the runners alert. It started to but many sold into the run and others decided to wait. The stock needed this retracement. There was some dilutive effects with the recent news but most of those shares seem to be restricted.
Going forward I think this will pick up steam. From deep in the red on Friday to green and then only settle red by a penny equates to a very bullish move. Watch for a run either Monday or Tuesday, it's coming. Money runners say they are a hundred thousand strong. They alone could easily get the momo rolling. All we need is one group like that to start and many others will follow. Perhaps even some PHOT sellers will buy knowing that stock is way over the top cap wise and chart wise. PHOT really needs a big retracement and rest. I have made two buys here so far and will buy again no matter which way it moves. The $875,000 gift for shares with no death spiral financing puts this company on solid ground.
See ya's at a buck or higher.
I saw that too. It is being promoted and probably diluted considering today's news. But, the share structure is laughably low
for a pot stock. About 150 million outstanding and only 26 million float. Compare that to PHOT at over 711 million outstanding and from what I understand a couple more BILLION shares of dilution is coming.
This is a real company with real products and expanding sales and revenue. That's why I bought the stock. It may still have some more down left, but it will recover and surprise when things settle down a bit from today's financing. Thing of it is, no one seems to understand the importance of today's news. When you have a company like this and can exchange shares for money in a closed a non-brokered private placement raising gross proceeds of $875,000 with no death spiral financing, is it really dilution? The funding was completed with accredited investors with the issuance of restricted 144 shares. That $875,000 goes directly to the bottom line. The money now belongs to this company to grow operations. The only thing I don't like is we don't know how many shares are in the deal and how many many of those shares are locked up and for how long. What is the exercise price etc.
But, the share structure is so low for this kinda stock, the deal would really have to suck to hurt us and I doubt that has happened.
Stay strong, give it at least a few days or a week before suffering a loss. I think we will all be happy.
Some patience will pay off big time here money RUNNERS!!!!
I understand you have no real power to control this stock if your followers are not faithfully following. I think that is what's happening. Perhaps after some consolidating, the stock will correct upwards.
If Runner's have a 100K following like advertised and your people were buying, this would be moving up nicely. Stocks are like a forest fire when momo hits. Your group starts pushing it up and many others follow, kinda like how PHOT was.
Anyway, this is my first following of your groups picks. Lets be successful together. Luck to all of us tomorrow.
I agree with your post and that's why I sold this deadbeat stock. Future looks bright but it never seems to get here. There are way too many stocks running to sit on this junk. Luck to you guys..
It's a tactic to scare the masses.
I was long PHOT but I also thought the valuation was absolutely nuts. All one has to do is look closely at the numbers and it is very clear why he is short. If this sees a dollar, people better start pushing the profit button.
Thanks TL, another good post. I do not participate in online personal public sites like Facebook, Twitter and LinkedIn so I cannot befriend you on any such site. I like keeping my personal life private.
Since you are new, perhaps you don't know how to member mark some one yet. It used to be called member mark on this site, now it's as simple as clicking on the link in some one's profile that says follow this member.
Looking forward to reading more of your informative posts, keep up the very good work.
Anyone else that appreciates TL's posts, give him a member mark for all his efforts.
Very good post. I gave you a members mark for that effort. Hit me back if you care to.
Didn't last long though, gold down $2 at 9:40 Eastern time. That doesn't matter that much though. This stock is ignoring gold prices at present. Other forces at work here. Hopefully we see green tomorrow, should get a follow through even though our down day volume was almost as high as the previous up day. Our time is about upon us no matter what happens tomorrow.
Well, for one thing, the 7619 ozs. of gold production per month in the last Q equates to $29,714,000 gross for the Q figuring about $1300 per ounce. Times 4 Q's equals about $119,000,000 for the year and from what I am understanding they're just getting started with getting all their production on line. That tells me they will have no problem paying expenses on this money. Some one else like spencaround can probably explain it a little better. Here is a recent post link of his. Hope he doesn't mind.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97782280
It's always the good ones that seem to lag the most sometimes. According to Yahoo, this is trading at .38 times a $1.94 book value and only 1.55 times price to sales. They have 35 million in operating cash flow and last years revenue which was over 118 million which should be much higher this next year. They're making two cents a share and that should go way up. We're only trading .29 cents off the 52 week low. Hard to believe we aren't seeing a nice follow through today.
It has to be because of what I said in my previous post. All we can do is wait.
You could be right, that's what I am hoping for. I read charts and often times when you get a big volume up day like yesterday, you will see a red candle the next day that pierces 1/2 to 2/3 into the big white candle. The big volume day was the key.I always felt on a low volume stock like BAA, the pullback could very well be the M&M's covering their naked short positions they had to create to fill buy order demand previous day because they were short on inventory shares. I've seen it many times. It'll be interesting how this shakes out. But up is my bet, exactly when is the question.
his is SOOOOOO frustrating and can't express it in words.
I hear what you are saying. Technically, we need to break green today or this run might be in trouble, at least for now. Look at the chart link and look at the several multiple run days BAA has had in the recent past. Then look at what happened after the first red candle, then look at yesterday and today. If we don't see green today this rally could be dead for another unknown time frame. No matter what today or tomorrow brings, I'm holding my shares because eventually value catches up with price.
Dark clouds are coming with Ukraine, China slow down, our markets near a top and ready to turn. All that and more will drive gold and BAA upward. Yesterday's volume surge says it will run again.
http://stockcharts.com/h-sc/ui?s=BAA&p=D&b=5&g=0&id=p55098779423
Gold hit over $1387.24 this morning! GO BAA
Up $13.30 today and $92.60 for the month so far. Hurry up earnings. I think that's what the bug boys are loading and waiting for. They always know chit before we do. It's called money under the table very quietly.
http://www.kitco.com/
It's not just the 200, there's a whole cluster of resistance around .73 on the daily, see link. Run a straight edge across the chart to see it clearly. Another volume day like yesterday would do it. That said, that's a lot to ask for.
Hopefully we just consolidate here for a while and move up later in the day. Hard to predict though considering the strong market forces that was holding steady in a trading range for weeks. Maybe they're not done yet. Most of the time though, when you get a break on volume like yesterday, you see an upward follow through.
http://stockcharts.com/h-sc/ui?s=BAA&p=D&b=5&g=0&id=p55098779423
Selloff on heavier volume, maybe they the big boys let it
run yesterday so they could short it today and scare lose some shares. Hold tight, we all know the value here. It's gonna pay to hold.
According to Ameritrade, they say in order for you to stop borrowing from your account, you must call and put a block on your account. Your sell order does no good.
It's nice to see a plan come together, isn't it? I'm smiling today.
With today's 4.7 million volume, the breakout is for real. Also, 3.059 million buys to 1.6 million sells. Looking good!
Edited
Don't get me wrong, I'm in PHOT. But the chart is way overbought.
The leading indicators like stochastics are turning down.
http://stockcharts.com/h-sc/ui?s=PHOT&p=D&yr=0&mn=3&dy=0&id=p64444883203
Experience, and the evidence is in the price movement. It couldn't break through the 52 week high of .575
I don't know man, but the price action looks to me like it wants to break down.
Damn!! I'm afraid to jump. Where did you get in?
Was there news for HTM? I'd like some but jumping in up a .11 is usually suicide for me.
Clonefan, I think you are over thinking the situation. I used to do that and it cost a lot of dollars. You and others need to look at the chart and look at where this is heading. It is going up on strong volume and there are no indications that will change. It's hard to find a better chart.
Today's pullback just confirms this stocks direction. It needed this rest. We could consolidate here for a day or two but I think the underlying strength in this stock shown by the increase in volume to the upside just confirms the upward direction. Sell and go if you want, but eventually this will run again easily past .60 cents and beyond. I've studied this type of chart before and rarely has it broken down this early. Money and force is to the upside.
This is my 15th and last post today.
Luck everyone..
http://stockcharts.com/h-sc/ui?s=PHOT&p=D&b=5&g=0&id=p91924686537
In case you bored. I found some reading for ya.
http://www.bollingerbands.com/
http://www.bollingeronbollingerbands.com/chart/main.php
http://www.bollingerbands.com/services/bb/
http://en.wikipedia.org/wiki/Bollinger_Bands
Hello LAmerica, we will have to agree to disagree on today's close. I still think this stock needs to close in the red under the upper B band. It needs to rest and consolidate to move forward with strength. Just go back and look at the chart using the B bands and how the stock reacts to the bands.
As far as books, I can't remember what I have read in the past. I know Tom uses the Fibs and volume as much or more than the actual chart for predicting movement. The chart really helps me in the short-term mixing in the Fibs at swing points.
As far as reading up on chart indicators, short educational versions
can be found on stock charts.com and move to bottom of page and click on site map. Then click on chart school. Then click on chart indicators. Have a good one.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
Need advice, looking to buy more, should I buy here, or wait for lower?? What is a good entry point now??
Who knows for sure. That said if a couple cents are really that important to you then I'd wait 45 minutes to an hour or so before the close, this is usually the low afternoon point. But, if the stock breaks above .53 cents on a volume spike then you better pull the trigger. You can never know for sure, but I think we will be here for a day or so.
i'm on the fence in re to intermediate (1 month). thats why this stock & today are very important if you are playin the sector.
I hear what you are saying and I understand your thoughts and concerns. That said, you being a Tom O'Brien guy like me should have no problem figuring out and answering that exact question. The whole sector has risen on higher volume therefore the sector is trending up and PHOT and TRTC seem to be the leaders. If pullbacks like today are on lower sector volume then the sector is healthy. Just do the math.
Luck to you and I like reading your posts, you are a thinker.
liking what i see w/ that if it can close up today.
I could be wrong, but I think we need a red close. It needs to close under the upper Bollinger band. Looks like about .50 cents would do it. The chart needs a little resetting. A couple of red days would do it. The link is for a one month chart to help with clairity.
http://stockcharts.com/h-sc/ui?s=PHOT&p=D&yr=0&mn=1&dy=0&id=p37293270107
That's SOME volume for not even two hours of trading.
I could be wrong, but I think you are seeing a lot of double trade volume. What I mean by that is perhaps many who sold have bought back their shares hence, double volume by the same trader.
Ya, but that's happened to every trader at some point. You have to just suck it up and buy back in after your head is straight. With a stock like this you have to plan your trades to stay emotionally balanced. Over thinking or over trading on emotions will lose money for ya every time unless luck happens to be on your side at that instant. Believe me, it's taken me years to get right and I still make the wrong decisions at times. But, I'm making money now and that's all that counts.
What is wrong with people on this board today? Yesterday it was like everyone was high, talking about a dollar soon and new houses etc. I posted the stock was due for a pullback and we're getting it, you being a Fib guy, which I am too, should understand the stock is doing what it is supposed to.
There's nothing wrong with the sector or this stock. People need to control their emotions (not saying you don't) and learn technicals. I had an order in before the bell for 40,000 shares at .463 because I did the numbers and read the chart.
People, this stock will be fine, just give it the time it needs. Those under water won't be there very long IMO.
Watch after hours today - there will be at least one large t-trade posted at .55+. That my friends is solid evidence that the company is diluting your shares.
After hours "T" trades are not usually dilution, but they can be. If you watch a big board stock trade after hours, they are often times "T" trades, no dilution at all in that case.
Now, on a high volume trader like PHOT, M&M's don't always have enough shares to keep up with demand like yesterday. In that case he can either naked short the stock and fill the order or fill the order with air shares and and wait for a later seller to complete that order. In the mean time that order/trade did not get registered in normal order that day. So, to register that order the M&M shows a "T" trade after hours. Definitely not dilution. The M&M must clear his records in the after hours.
I was in HHSE recently and there was no dilution according to the un gagged transfer agent yet there often times after hours "T" trades.