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TALK is getting a nice morning bounce.
CWNM knife-catcher. I'm in at .01 and hoping for a quick flip. I'm not where I can see L2 at the moment so it could be bad (VERT is the axe...and I don't know where he is right now).
CWNM is dumping pretty hard. It's tempting to try to flip .015 to .019 but I don't think there's enough buying to get it. I'm waiting for a .01 play there. Maybe .01 to .013 would be sufficient Probably won't happen today, but at this rate, .01 could hit soon. Knife-catcher play for sure.
Thanks I don't have any interest in pumping or bashing...just post the charts, look for bounces, and try to make a little money. Of course, I lose some too, since bottom plays also have some risk. But risk is part of the game.
Have a great week, my friend!
FNMA = boing! Whenever other stocks get me down, I can count on FNMA for a nice profit.
Lots of OTC promo stocks are getting suspended or moved to greys lately. NORX just went. BIZM (before a big crash), BOPT (got caught in that one), and GOFFE, etc. Wow. Playing bounces is fun, but not if you buy in, then get haulted and cleaned out. Promo stocks always crash, and playing the bouces can be risky, but profitable because of the high volume and all the eyes watching, but "yikes" if this is going to happen more frequently.
I was going to say, watching L2 it looks like ARCA started the covering, and now a couple other MM's are having their triggers pulled. No real bid support yet, as the ask has been cleared out, but hopefully some bidders will follow.
Long term or short? I'm thinking she'll hoover around 14,500 for a while, riding the lower bollie a bit, then bounce back to 15,000 for the 50-DMA and then we'll see what happens next.
I should have bought it in the .05's today when I bought LOTED 200-DMA instead. Oops! LOTED dumped hard below the moving average, and I'm missing a nice little pop EXMCF. D'oh!
LOTED dumping into the .50's I guess that 200-DMA is far away now. D'oh! So much for a bounce off the moving average.
LOTED trading in the .60's on the throw-down. Hopefully she closes on top of the 200-DMA for a bounce in coming days.
Back in LOTED at the 200-DMA (.71). Fingers crossed.
Risky...bought some PSON at .78 to see if 200-DMA would hold it...but trading below that moving average right now.
I think tomorrow should be a good day for LOTED.
For Monday I'm watching for another FNMA bounce off the 50-DMA