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According to my chart it doesn't appear that it will hit .01 cents today and if it does I believe it will go higher .011. What is positive is that the RS Momentum rose above 100 and it is taking the RS Ratio with it, the RS Ratio is now over 90.
RS Momentum is rising, over 102 from yesterdays 100 and the RS Ratio is following over 90, when it gets over 100 the chart will give me a sign top determine which way it will be heading.
Stock prices move up on future expectation of the company, once the news comes out I probably sold my position.
Let me throw this in the air, maybe Qualcomm is interested in Ironclad Encryption. Now, why would I say that? Maybe Qualcomm wants their phone hardware encryption.
I con't recall who was it that said it, but someone on this board stated around August 8, which I think will will see a nice move that week.
As I stated two weeks ago, according to my chart the last week of July would be interesting, then I extended it to the 4th give and take two.
RRG, the RS Momentum just went over 100, and the RS Ratio is not about 89. All we need is for the RS Momentum to hit 120 and we will have .06 cents.
I stated that not to badmouth which I made that clear, just that many penny stock tend to dissolve and the owners of the company tend to come back under another name.
Let me make something clear, I am not frustrated, I play speculative stock expecting to lose it all or cut my loses. As I stated, I am not badmouthing the company, and as I been stating, it is a beautiful chart for a penny stock company, and like the way the RRG Momentum is looking.
Yes, he is an inventor, but he should not be filing an encryption patent outside the company knowing that he is working for an encryption company.
Whose name is Daniel Lerner filing this patent under, because I see no mention of Ironclad Encryption. If he is not filing under Ironclad Encryption in my books it is a red flag.
They came our with an atrocious 10-K, and to hear that Daniel Lerner appears to be filing a patent, but not under Ironclad Encryption says a lot where IRNC is heading, SOUTH and probably under.
I am not badmouthing the company, I am just construing this carefully.
By the way, I do not care how many patent they filed, if these patent are not being licensed they mean nothing.
In my opinion it appears that they did this and will do the following... they used investors money to file their patent, then they will file bankruptcy protection, do away with old shares, while issuing new shares, Guess what? All shareholders will lose.
I am holding on due to the RRG, Momentum, but if I see it go down again, I will dump it all and take a lose, I will be a winner for cutting my loses.
Currently, IRNC is in the state of lagging, when the RS Momentum goes over 100 then one can say it is improving, strength will be seen when the RS-Ratio is over 100, and the fact that no news on IRNC have been released it will continue to lag.
I am just posting what I ran into, but my chart has this stock on the run way. Many will disagree, but my target is .21 cents or better. I will take out my initial investment once it double, the rest is their money that I am playing with.
Just in case you did not read this analyst like... https://newsplanets.us/?s=irnc
The RS-mom is rising and it will take the RS-Ratio up with it.
Two weeks ago, I stated that July 22nd through the July 29th would be interesting to see according to my chart and the way my chart move I extended it to August 4th if I recall. The chart is beautiful, the price of the stock is on a run way, and with this week chart I can see the price of the stock hitting my target, which is .21 cents or better. When? I cannot tell you, but a piece of really good news will do it, moving it higher than .21 cents.
Hold on to the shares, they have good products, meaning not just one product, and remember this that a company with one product is a company that just generates income for the person in charge of the company, they care less about the shareholder.
IRNC is a good with products.
It finally showed, but after about 1/2 hours, but the other charts were okay.
Strange that on Stockchart the clouds disappeared on IRNC.
59,990 shares sold at about 10:55AM
I don't hype stocks, but I have to say the following... the past two week from looking at the chart, I said it will be an interesting week this week. Yesterday, the stock was up with good and new website appearance from what was posted on this board, and today, 1 hour and 25 minutes and no trades.
Maybe we'll see .03 to .05 cents today? <--- Some will say this is a laugh, but I say, it my be a laugh for you now, but later it might be a laugh for shareholders.
I recall about 15 years about or more, I purchased TRAC at $1.00, I held it, and for one week it did not trade and I found that odd. I sold my 1500 shares and the stock price rose that day to $15.00 - a lesson to be learned, if you buy with the expectation of the stock price rising, why sell? I needed not to cut losses, I was not losing money.
Since the opening of the market, its been 55 minutes and so far no trades, guess no one wants to sell their shares.
I use Stockchart for charting the stocks I invest in, and last week posting that this week will be interesting do to the chart I am reading. Today, I decided to look at barchart which at one time I thought they were good, I see that in everything they have sell, sell, sell, but I guess no one is willing to sell.
Interesting, it's 10:15AM and no trades.
Even though not all brokers have the capability of shorting every penny stock, penny stock can absolutely be shorted as long as the broker can find shares to short.
The danger with shorting penny stock, something (even fake news) can cause the stock price to run so high that it will ultimately squeeze the shorts until they burst in puss, the bleeding comes afterwards.
I am certain that companies like google don't like the encryption technology. Don't you think your emails are being read, especially if you don't sign out of your email?
Even though I was aware of it, it is a good link for others to see.
Shorts are minimal, but they still short stocks. The difference in shorting in penny stocks is that there are restrictions.
Being that there were a lot of buying last week, I believe the shorts were being squeeze and had no choice but to cover. At present, it does not make sense for them to short the stock being that they bought to cover.
Look how beautiful this chart is for a penny stock company... It's on the run way appearing to be lifting
Interesting...
was... Bid: 0.007 Ask: 0.0087 Last: 0.008 Vol: 2,882,425
went to... Bid: 0.0077 Ask: 0.008 Last: 0.008 Vol: 2,882,425
Notice that the bid went up and the ask dropped. Can it be that they are trying to get shareholders to sell?
As I stated, this week will be interest, the price of the chart was on a run way, and today the price of the stock is higher than the previous high while on the run way. It appears as it will enter the clouds this week. Not to mention, the +DI crossed above the ADX on an uptrend.
Grand, if you understand that penny stocks are speculative stocks and high risk, then you are investing in the with the expectation that you might lose it all, right? If so, then one must go in to penny stock with that attitude this why it does not hurt if you lose it all.
Most likely, one will lose it all or won't be able to sell unless they want to take a lose with penny stock companies. Is that a correct statement to make? This is why, as fast as they go up that is how fast one has to sell, unless, they take a gamble hoping that the stock will hit higher and in the case of IRNC, I am willing to wait until .21 cents, I will take my initial investment out at a profit then pay with their profits, the profits I did not have in the first place.
You really think so? I don't, and if one invest in penny stocks with the expectation of losing it all, it won't matter how long it takes to hit .21 cents. I invest expecting to lose it all, with that being said, I have the
patience.
Will it hit .0128 this week? I will hold until it hits .21 cents or better.
One cent will move it into the cloud, then it will be interesting.
Sean, what happened to your buddy ChefPhil2012? He appeared to be young and a hypster, hoping that he could make a cents. He was posting every day several times then he stopped. If he got out hope he broke even, or took a small lost, one that would not hurt.
Ace,I said this week would be interesting due to the say the cloud was set up last week, but looking at the cloud with today's chart, I will have to extend it through August 6, and it might go through your August 8th. Presently, it is on a run way.
If the chart stays the same this week then I see it staying on the run way until August 19 when it will start moving, unless they come out with a good press release. Let's hope it hits the cloud this week and it appears that way.
I will check it out now, though my chart appears to be bullish. Here is this small click news came up on my cell phone... https://newsplanets.us/is-on-the-brink-of-profitabilityironclad-encryption-corp-otc-usirnc/