Feeding village children in Mindanao Philippines and watching my boy and girl grow up.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I added some more at .034 and will add in .02's with all in at .015 if we get there. There is no bottom picking strategy for catching a falling knife
I thought it would have happened already. It has been a premium sucking markrt. Dcrewing bulls and bears.
The market looks 6 months out, so its looking at November, which SHOULD put us smack in the middle of the recession. The overall market has held up remarkably well considering the rate hikes, bank failures, etc.
The one negative for the market is that Jim Cramer is bullish. I am a big inverse Cramer guy.
Saw that posted on Twitter.
Yes, i am looking for opportunity to buy lower if it happens.
Perhaps, but I have seen stocks do their own thing, ignoring good news in a bear market and ignoring bad news in a bull market. I find it difficult to believe that we are in the 3's because of a name change that we all know is coming. I lean toward the belief that this is part of the bear market that the other otc stocks have been experiencing for awhile and Cathie Woods has been experiencing for over a year in some very good companies.
200 day sma is .047. 200 day ema is .0519. Both have been broken. Tested them last week and held then definitively broke them today.
https://stockcharts.com/h-sc/ui?s=GDVM&p=M&yr=4&mn=3&dy=10&id=p86339660684&a=1404420838&listNum=1
Previous two corrections were 80% and 70%. We have now pulled back 70% from the .13 high. 80% would bring us back to .028.
The monthly MACD has not crossed down as yet but the PPO and PMO have. There is not much that a TA guy can hang his hat on now that the 200 day sma has broken and if the .0366 is broken it will create a lower high and lower low scenario. Therefore I think TA followers are cutting losses rather than one guy.
I am still looking at the uptrend line and the "time in the barrel" on this correction and banking on that holding, but I believe it will still be a few more months of patience before this turns if my scenario is correct. I would love to be wrong on the timing though.
Broke thr 200 day sma after bouncing off of it last week. Panic selling followed. This is what I thought would happen last week.
If .0366 breaks then we could see more of the same but RSI is under 30. Oversold.
I dont understand the Kent bashing on Twitter by some. He is not selling.
If we come down to .015 and nothing changes fundamentally, i will break a personal rule and be all in $gdvm as I will sell all my other positions.
I have followed John for years. I will match his net worth with yours any day.
This is no different then the previous 2 corrections which lasted 6 and 10 months
It is a great opportunity looking a year out, not a month out.
A stock goes up 4000% but contracts 60% and its the end of the world?
Look at the 2 year chart, not the 2 month chart.
Also John Kent's job (in his prior life) makes him very knowledgeable of the industry, which I find valuable as well.
I totally respect the time and work you put in here, and as I said before, if my current contrarian, unpopular posts upset people I am happy to go mute until things turn rainbows and unicorns again on the chart (as I perceive it).
Peace.
Lol, nah I do not like blood in the streets. I just use what I see to guide me in my decisions about where to add.
We shall see if I am correct about this consolidation lasting another three plus months. I am used to my consolidation/correction posts not being accepted well. But if I am correct we will consolidate/correct with .06-07 being resistance. I am still bullish 12 months out.
BTW I view consolidations and even blood in the streets as being overall healthy in charts that have made a 4000% run. Just as I view this 13 month bear market in the $spx as healthy after a 13 year bull market.
https://stockcharts.com/h-sc/ui?s=GDVM&p=D&yr=10&mn=3&dy=10&id=p61375109690&a=1400342989&listNum=1
The previous two corrections went sideways for months before the next leg up. We are a considerable distance from the uptrend line so I am prepared to be patient and wait it out.
I see the glass half full. No one is selling.
Most otc looks the same.
Well, i agree that it is fundamentally a choice otc company. However otc has been weak and there are some very good companies that have gotten hammered (ask Cathie Woods :)
However, tech has been a safe haven (i.e. MSFT earnings last night) so that may provide added support.
I still believe that more consolidation time is needed to digest the massive 4000% run that has taken place in 6 months. If I had unlimited funds, like someone I know ;) I would not nitpick over .005 price and just add here but prudence tells me to be satisfied with my mill for now.
Broke 200 day sma intraday but closed above it. No panic selling on the break which I had thought might happen.
If a stock goes ex-dividend ten cents a share the price opens lower by 10 cents on ex date. How much will they ex the price of HNRC tomorrow on open.
Then opening tomorrow will be "ex" the price of the dividend. How do they determine the value of the spin off company to "ex" the price. It will be interesting.
https://school.stockcharts.com/doku.php?id=technical_indicators:accumulation_distribution_line
Scroll down to "divergences", it explains.
RSI 29. Oversold
This is what I referred to the last 2 days. It is technical imo. Broke the 200 day sma which is key to many.
Fear is greater than FOMO.
I do not believe anyone is lying here.
The Japanese symbol for catastrophe is the same as it is for opportunity. If the 200 day sma breaks (as I believe it will) then it is only .008 to test the the .0368 low from November and December. 2022.
We are close tO having another bank failure with $FRC and we are entering the historically negative time frame (sell in May and go away) for the market.
I plan to scoop up what I can as (if) market sentiment gets more fearful.
I am in $HRNC which has been under selling pressure as their announced dividend delayed getting approved. Well, today it was approved and BOOM it was up 200%. The chart looked like crap also.
Same thing can happen here despite the less than attractive technicals.
To be redundant, if I had no position I would be buying here but I am adding so I am doing it at oversold, blood in the street levels, if they come. GLTA
Ouch. Did not age well.
Actually, .0365 is exactly where my order is. Tested twice.
Pre-warned is pre-armed.
My position is 7 digits so I would not hold that size if I was bearish. However I am realistic when certain technical indicators denote less then positive signs.
I am prepated to weather another 3-6 months of a possible corrective market.
I have never been a chartist who always waved pom poms. Some have disliked my posts when I do not say what they would like me to say. Also no human is right 100% of the time and I am no different.
I understand if people want me yo keep my commemts to myself but
I have no agenda.
Hope you are right Tothe but from what I have seen going on with other "popular" otc plays, it has been foreboding that several of them have already broken their 200 day sma.
Based on the last two consolidations, 6 months and 10 months, I believe we have more time in the barrel.
But fundamentally I agree with JK and the rest and if I did not already have a boat load I would be getting a starter here. A year from now I believe we will be higher. In the short/mid term, not so much.
https://twitter.com/search?q=%24gdvm&t=EsX8rRj_KU_YIQ_8IJLKQw&s=09
I posted monthly chart under latest posts $gdvm
Trying to upload monthly chart. Uptrend and monthly middle bb at .03. Could be a few more months of patience.
Tested 200 day sma today also.
Someone dumped a million shares in the .045-.046 area. Could be someone watching TA.
If we were to turn green today it would be very bullish. We have volume.
Tested 2/24 low
We are at a crucial support area and macd, ppo, pmo turned down. Could be someone either being cautious or hoping support breaks and buy opportunities are created as some other TA followers throw in the towel.
I will ride out the (possible) hurricane, as I have been in most of JK's picks over the years.
Largest volume in 2 months.
If this follows the same pattern we should make hh by May 11.
Welcome back. Getting one's hands dirty in nature has a destressing effect.
Or so I have been told.
Very astute. You're correct, that is a very legitimate reason.
Its in FINRA hands.
Yes but he was putting over a million in to make 3% some days. He has said that was very stressful. I know it would be for me.
I agree, he has probably taken some time off.
I DM'd him but got no reply. He usually responds quickly so I think he is just destressing.
He may be just stressed out from this market. He was trading options and this has been a very difficult market for option players.
If I were him I would be cruising in the Bahamas with my family.
I dk. He has not been on Twitter since April 2nd.