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Lol, why? Because someone bought $1500 worth at .005 and .0055? This is a thin stock that moves easily either way. Even without news, all this would take is probably $10k worth of volume to bust through the .007 peak, and then it's likely to get the momentum started.
SIOR (Update) - Solid Flag Pattern Trading Right @ Resistance
http://onlycharts.com/2011/10/24/sior-update-solid-flag-pattern-trading-right-resistance/
The chart is showing some clear strength in the price action, I can see this puppy breaking out and running fairly soon. .0073 - .0074 is the line of defense before this officially hits breakout levels, but I loaded up some already because the trading is looking very healthy. Positive bullish sentiment + low float tends to = a great chart, which is the case here. Good luck everyone.
http://onlycharts.com/2011/10/21/sior-low-floater-with-a-great-chart/
SETS with a gorgeous long term setup going for it.
http://onlycharts.com/2011/10/19/sets-weekly-chart-is-revealing-some-long-term-potential-here/
This is starting to see some action here near resistance. This could come to life and run hard.
http://onlycharts.com/2011/10/18/gaptq-starting-to-test-key-resistance/
Thank you, sir.
What site are you checking that at? Thanks.
This Recent Pullback May be an Inviting Buying Opportunity
http://onlycharts.com/2011/10/04/gspi-this-recent-pullback-may-be-an-inviting-buying-opportunity/
This bounced off of resistance at .12 and has come back to test for it's new support. The 15 EMA is holding so far and I think there's a good chance of another breakout rally after this consolidation and pullback phase.
http://onlycharts.com/2011/09/30/hpgs-the-resistance-being-tested-right-now-is-the-15-ema-at-07-if-that-breaks-and-volume-picks-up-as-a-result-then-i-think-this-can-make-a-push-into-the-overhead-resistance-cloud-i-wouldnt-min/
This broke a key long term resistance level, so now we’ll see if the price stays above it and accepts this new price level. It’s a lower risk trade to buy the lower end of the consolidation range or the other option is to wait for the next breakout to try and enter.
http://onlycharts.com/2011/10/03/itns/
I always love it when a stock breaks above a clearly established and long term channel, and that’s the case on ORMP. If I don’t catch the actual breakout as it happens, then often I’ll keep an eye open for a lower volume pullback to start a position. In this case, I think any pullback to the .32 – .36 is worth considering, and I can probably get by with a pretty stop loss at this range. If it does dip below the new .34 support and I did buy into that weakness, it would be critical that the stock recovered and got back above that line in a hurry. Right now the price is testing this new price level, so it’s important that we recognize if the test fails (price doesn’t accept these prices).
http://onlycharts.com/2011/10/04/ormp-getting-close-to-new-52-week-highs/
Probably because of all the momentum that you saw today and the incredibly strong close near the high of the day.
Beautiful bounce/ breakout setup in progress, volume looks to be ramping up for some nice momentum.
http://onlycharts.com
AUSI - Take a step back and this appears to be a dip worth trying to buy.
http://onlycharts.com/2011/09/30/ausi-take-a-step-back-and-this-appears-to-be-a-dip-worth-trying-to-buy/
The chart here looks very promising with the price testing it's 52 week highs.
http://onlycharts.com/2011/09/27/rgrx-breakout-setup-approaching-its-52-week-highs/
800k+ shares.
A flipper who becomes a bagholder wasn't really a flipper in the first place. Just saying.
Stuff like this I don't get.
You wrote:
"if you are thinking of purchasing shares of KATX, I would first read the May filing and pay attention to the "A Going Concern" part. This will save you in the long run. Just my .02"
I've been trading pennies now for 6 years, and that Going Concern is section in the filings is virtually a standard in any penny stock filing. They are penny stocks for a reason, and the risk is highlighted in the filings with those statements. If you want to trade/invest in stocks that don't have that high of risk, you need to go trade the big boards. In reality, I don't care about what the company does in the long term, I'm only focused on profitable trades, which means following the momentum and timing the swings based on the charts and sentiment. I think if more people took this approach, there would be less marriages to penny stocks, and less angry bag holders. I'm sorry to anyone that lost money on this stock, but just because you feel like you got taken for a ride doesn't mean that this stock can't run and run hard. Good luck to everyone, but imo the people who diligently post here to dissuade would be investors could be doing much more productive things with their time. Let it go. Don't marry a penny stock and that way there won't be a messy divorce. Follow the momentum in the charts and learn to time the swings. Just my 2 cents.
Ummm. Ok? Don't forget to take those meds, buddy.
Flag or pennant, virtually the same thing either way. Good luck.
STAU with an attractive long term chart, for a lotto play. Love to see these long bases of sideways trading form, then watch for volume and a break of resistance. .001 is the line I'm watching.
http://onlycharts.com/
Textbook flag forming at the moment, all that's left is the textbook breakout. ;) No guarantees, but that's what I'm looking for.
http://onlycharts.com/
Long term channel has recently been broken, I can see this one going higher still.
http://onlycharts.com/
Solid chart on this one, broke out of a mid term channel recently, now consolidating.
http://onlycharts.com/
Wake up people! Heavy volume and positive price action today, closed above the 50 MA. Could be a Q runner coming up.
http://onlycharts.com/
My 2 cents for what it's worth (probably literally 2 cents). What moves stocks, and especially stocks like KATX isn't fundamentals, though the perceived fundamentals can and do effect this, but investor sentiment. I've been following and accumulating KATX for months now, so I've tuned into the board and have enjoyed all the back and forth battles between the bears and bulls. The mix in sentiment makes sense. The stock has been beat down for a solid year+, which explains why there would be so many bears, but the cheaper prices are drawing out the bulls as well. It's a stalemate at this point in time, but the battle on ihub has been going on for a while, which perfectly correlates to the battle being seen in the price/ on the chart. Ever since the stock bottomed in March and rallied, it's been hovering in this general range, and every swing gets tighter and tighter. It's called consolidation, and it occurs while the stock is trying to find value, but when it finally picks up and chooses a direction, you tend to get a big move. We're looking at almost 6 months of consolidating, so if we get the break of resistance finally, we could be in store for a big run. The action could always come to the downside with a break of support, but my personal criteria is pointing at a break to the upside as being more likely, but obviously there are no guarantees. The first big line in the sand is at .016. There's a big seller posted up there on the L2s and you can see the importance of the resistance on the charts. I also see the .018 range as being some key resistance, so I won't be totally convinced until that is broken. Overall I'm highly optimistic, and often these consolidation periods are assisted by a spark of well timed PRs, but who knows. I do know that the consolidation and other indicators are showing a great deal of accumulation, which is why I believe a break of resistance is more likely than support failing.
http://onlycharts.com/
Not sure what you mean, but those shares are available to short.
I apologize, meant for the question to be directed towards Binks.
I've shorted pennies cheaper than this and know traders who also do so regularly, and none of us are MMs.
Not sure if you're short this stock or just looking to entertain yourself. If it's the former, then be careful buddy. This is a setup that will squeeze the shorts when/if it triggers.
Imo, we're nearing a tipping point for this stock. If there's enough push in it to get through the sellers at .015, then this will start to gain attention and momentum.
But if this wall can get knocked out here by the bell, it very well could open the floodgate for some major momentum. We're looking at a very extended consolidation period and those phases are marked by low volume, but they tend to lead to sharp price movements with surging volume. If the bulls can gain control here, this play will see a huge increase in volume (buying volume that is). One way or another all this tightening is going to lead to a move, but the direction remains to be seen. I'm banking on up, but we'll see.
It's not a chart play...... for you. It's a chart play for me. That's the only reason I ever play a stock, and I play Qs all the time.
Thank you sir. Loving the looks of this break of the 50 MA.
I can tell you for a fact that it was one single order.
Any who, I'm thankful for whoever was selling because that allowed me to get in without pushing things too much, and the same goes for this 006 seller. Good luck to you (and through the transitive property, myself).
Did I say that? Nope. I said that NITE wasn't putting up that large order as a front to scare sellers. He was honest to god selling. Big difference. Now don't be so sensitive.
Sorry, but that's not what happened. A retail guy had shares to sell and they eventually got absorbed. If his intentions were to get people to sell, then why would he have actually sold 1.4m himself? He would have pulled his bid. Plus don't forget that MMs like NITE are very often just retail joes like you and me, so don't assume that everything they do is manipulation or some trick. There was a seller who had a decent block to sell, he sold. Heck I personally bought a chunk.
No offense, just telling you what's up.
$6k now to get through .006. I don't like it when all it takes is piddly little orders to make it jump that much, those moves are so much more likely to retrace. The action looks great and I see the potential for pennies, and I actually prefer the overall chances if there's a fairly tight spread and sellers keeping things honest.
Starting to test a break of this pretty big resistance level, which may yield some momentum if it gets sparked.
http://onlycharts.com/