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HLXW pinching good here.
Thanks. Looks good.
Where is this from?
SHIP is pinching
USCO doesn't look like a pinch to me.
Ehh. These pinchers seem hard to catch at the exact bottom, and they usually bounce around a bit before they shoot up, so I would not feel too bad about that.
I think that's more of a function of the low volume than anything else.
I am in at .695. It looks ripe in my opinion.
I like the chart for MDOR, but you're right it needs some volume.
I might try some BQI tomorrow.
Not sure. I have been applying the same rule as you thus far. Though I am new to pinchers, so take that for what its worth.
Yeah CCTC is very dangerous to buy now. Too unpredictable now in my opinion.
I am in at .019.
HLXW
The run already started, but there seems to be room left for a nice upmove. Also, it bounced off 0.46, which is where some newly developed support was. I am considering getting in tomorrow if it looks good. Anybody else like this chart?
http://stockcharts.com/h-sc/ui?s=HLXW&p=D&b=5&g=0&id=p29296619612
I liked NVLX because of the high volume that came in. I will give it a little bit to see if it does anything. If not I may exit to wait for a better entry. We shall see.
How do you know when to sell pincher plays?
Wow. That looks ready to explode. Good luck!
Ok thanks for the reply. Good video by the way. You did a nice job explaining everything.
How reliable is the pincher play?
So does this mean the dilution is over?
You are right. I dont think it will run until it hits .008 though, because many people are waiting for it to touch support before buying.
lol :)
If they let it. But I think you are right.
Just a warning. Its more likely dilution that panic selling.
I hear ya. I am a flipper and I lost so much on this one. I resorted to my old ways of thinking that its down so much that it has to go back up. When really, if it was gonna go up, it would have responded to the technicals in the first place. I definitely was not thinking clearly. The lessons on trading. You definitely pay for them :)
Chivito, I would say that .008 would be a great place to look for a bounce, as many others will be doing the same thing. However, there have been many legitimate support zones before this, as well as the technical indications to go along with the support that would have suggested huge bounces were coming. Thus, I think that a bounce is possible, but as long as all the buyers are consumed with with dilution, then the technicals really don't matter at all. So I would not be afraid to go for it, but at the same time use very strict money management. Your number one priority should be to protect your capital.
Cruel indeed. I would call this the bottom, but with dilution who knows anymore.