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.
MACD is barely turning too.
Technical reply again... Buy support, sell resistance. There was support on top of the 50-day moving average. There will likely be resistance at the 20-day moving average. If the price pushes above a resistance, that becomes a new support. If a price falls below a support, then it becomes a new resistance.
In BRND's case, there wasn't a lot of support at the 20-DMA on the way down, so there may not be a lot of resistance on the way up. The more obvious support line which fell looked to be around .016
I'm not bashing or pumping, but just giving a little technical advise. If, as you say, you are in at .028 and hoping for the shares to get close to that price so that you can get out with minimal loss, then it would be wise to make it a lot easier on yourself by averaging down.
Let's say that you have 20,000 shares at .028 (cost = $560)
Spending the same dollar amount at .01 buys you 56,000 shares.
That would bring your share count to 76,000 with an average cost of .0147
As a result, arriving at .0147 would allow you to sell and get out without a loss (other than trade fees). Without averaging down, a sell at .0147 would net you a loss of $266 (nearly half your money lost).
You probably know this, but "averaging down" can save your skin in a volatile stock. With that being said, averaging down can also be deadly if a stock is on a death spiral into the abyss. But rarely does a stock fall without some technical bounces along the way. Playing the 50-DMA bounce on this stock would have helped quite a bit. From our example, buying $560 in shares at .007 yesterday would have brought your "get out of this stock" price down to .0112 which looks to be hitting very soon
And now SGLB getting a little bounce back up to the 50-day moving average.
PMCM up over 100% now. Nice
It kind of did the 50-MA thing once at .046 (very close to touching) but I bet she can get a bounce off that MA again.
PMCM getting a bounce up 32%
I'm a long way to break-even, but it's a start. I bought way too soon as it feel through the moving averages.
Sheesh. Played PMCM all wrong. Never sold the spikes. Had my sell targets too high. D'oh!
In PMCM at .0059 and again at .0079 when it got some momentum. Trying for .01 break.
Flipped NHUR .49 to .62 today
I do not see in the filing anything about an "unlimited" number of shares. There always has to be a defined number. Looks like around 200 million from what is in the filing.
The point is...nobody should "invest" in an OTC stock for an extended enough period to care how many shares are available in the long term (likely the number will increase as long as they keep needing funds). Just trade them. Wait for the selling to stop momentarily and trade the bounce. Make 20% - 30% on the bounce and move on to the next stock.
Any change in share structure must be filed with the SEC. There can be quite a lag time between when the share structure is updated and when those shares are sold into the market.
A couple of tihngs...
First, companies on the OTC and Pink Sheets are usually start-ups or conceptual businesses. They need capital to operate or put their business plans in motion, so sellings shares is a regular part of that funding. Why does any company sell stock in the first place? To raise money-- even if you're Facebook trading on the big boards, the initial public offering is to sell shares of stock to raise capital.
With that said, there are also companies that are frauds,or at least deceptive in that they don't really have any business plans or intentions-- they exist only to sell shares of stock over and over again until the game is over, but to do that successfully, they must promote their ticker as if it is legit, though they must be careful because releasing a PR with lies is illegal.
I'm not saying what CWNM is...but it cannot be assumed that simply because they are "diluting" that they are involved in some horrible, illegal practice, because that is why they trade publicly-- to sell shares of stock.
Here is the other point I'd like to make...shareholders are not having their money "stolen" though it may feel like it. Why? Because anybody who owns shares WILLINGLY invested their money. It may not have been a wise investment, or the shares may not have been purchased at a time that was favorable to the buyer, but they purchased shares of their own free will. Nobody from the company walked into your house, or your bank, and grabbed your wallet. There are HUGE risks in buying stock from startup companies trading on the OTC, and anybody buying shares here is taking that risk...willingly. Thus, no theft is involved. If the company is being fraudulent in their claims, then yes, there is illegal deception going on there, and it could be said that money was taken under false pretenses.
So, if you chose to trade a stock, be aware of what is going on-- if the stock is being promoted, then you can know with near certainty that they plan to sell more shares (or at least a third party intends to do so). If that scares you, then don't buy it. Wait until the shares are dumped (sold) and trade for a short-term bounce...or choose to invest in big board stocks and mutual funds, where the risk is much less.
Dust has to settle a bit before anything happens. I can wait a few days for a 20% - 30% gain, if I must.
Wish I'd got some .007's and .008's. Would be happy already. About back to my buy now and VERT dump seems to be over (for now).
Yep. Looked good for about 3 minutes...then plop!