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Beautiful, beautiful chart on MONA. I guess one person's garbage truly is another person's treasure. Just wait til this breaks .0004, it will run very hard.
jmo
Your quotes are wrong, current spread is .0024 x .0025, it's been that way since yesterday.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=xhua
You can get some of the basic info from Pinksheets.com
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=knos
Just tried to add a million shares when there were MMs at .0011 and .0012 on the ask. Got a very small partial fill, then someone else go a few shares, now the best ask is at .0015. This actually has a strong longer term chart to it, and I have a feeling the short term pullbacks here will end up being pretty profitable. Lot's of upside and little resistance if any sort of catalyst pops up.
This has nothing to do with the recent 10Q, pretty much has been trading on technicals alone since Feb 09. That huge burst from that period was from info in the 10Q that said they sold off one of their subs and used the proceeds to pay off a debtor. The stock put in a floor and has held up nicely since then, but there hasn't been any news since then to move this, just a solid chart thanks to all the accumulation.
My favorite reason is that the chart is setting up and breaking out beautifully. Very excited about this one.
You flinched.
Give it time and my guess is that it will break a penny. The last run took this to the .009 range, and a break of that will imply to me that it's got a good chance of going considerably higher. A break of .009 and my guess is that .015 is a reasonably target.
This is all just some weekend speculation for fun, don't base any decisions off of my posts. GLTA
Beautiful daily and weekly charts, here's a link to the weekly.
http://i40.tinypic.com/jb5hqq.png
-You can see the green trendline which has been holding down the price for about 4 years now. Trendlines are generally rough estimates opposed to precise points, but depending on how you draw this one you can even say that the price has now come back down and tested it successfully for support.
-The green zone is major support at this point, and look at where it is in relation to that run-up in Feb 09. Under most circumstances, a sub penny stock that's in such a downtrend and rallies that hard will give back most, if not all of the gains. That move in Feb put in a definite floor, and that green zone is the area where the vast majority of the volume has been at (look at vol by price on a 1.5 year daily chart to see this). Trading above that is incredibly bullish on this time frame.
-The red zone is where the price got knocked down last time, and where there's very likely to be more resistance. What I'm looking/hoping for is a move into or even above that range, then consolidation before it breaks out to new multi-year highs.
-Price closed above the upper bollinger band on both the daily and weekly charts. We've had a couple of fakeouts on the daily chart in the past w/ the price closing above the upper band, but not with such a nice overall chart. The weekly on the other hand isn't as likely to juke you, and the last time we had this same bollinger setup on the weekly it ran for 2 months. I think this overall setup is better though, but we'll see.
Last thing to mention is the volume, which obviously needs to ramp up, which I think is exactly what's going to play out. GL to everyone and enjoy the weekend.
.0021s getting hit for the first time in a while! .0022s up now
I picked up .0002s last November and haven't been able to get .0001s since. I'm feeling real good about those .0002s.
Could have been retail selling to a MM. Every person I know who's had orders in at .0001 for months now haven't gotten a single share.
I don't expect everyone or even anyone to understand the method to my madness. Yes, I did say 60 million, and I picked them up in Nov 09, you can see the vol spike from then. And yes, everyone is going to think I'm nuts for playing a stock w/ virtually no volume to speak of off of the chart, but believe it or not that's what I've done and am doing now. If the volume never picks up, I'm never selling. Simple as that. What I see in the charts though is a long term downtrend broken last year, a sturdy base put in, and now the longer term moving averages have turned bullish, thanks in part to that last significant rally in 09.
This is a lotto play, and one characteristic of what I call lotto plays is that you get in when you have the signals, and this is done during a dormant period. You get in when the stock is dead quite, and you sell into the noise. If this stock comes alive, getting rid of my position on the way up will not be a problem.
Everyone can think I'm nuts, but I got the money to buy this position from other lottos blowing up. When they run, they run hard, and one runner will make up for many lottos that never pan out. MONA may or may not pan out, but even if it never does it was purchased with profits from other lottos (XHUA, RMDM, IVIT, and PMDP are the ones off the top of my head that paid off for me last year), so no love lost.
BTW, I am not just looking to flip these shares for a tick or two. Lottos are homeruns for me, or nothing. :)
I've got the cash to play others, so locking up this $$ at the moment isn't an issue. As for why I don't just wait and play it down the line or when it shows a sign of life, one of the possible scenarios for shell stocks like this is some sort of positive AH news release, such as a R/M taking, which would cause the stock to gap hard and run. I want to be holding in that case, not chasing.
I know R/S are very real risks for stocks like this, but in my experience they don't come when the chart looks like this one. I won't even go into details about what I mean by that, mainly because I doubt anyone cares, but I have yet to hold through a R/S and I play a lot of these types. I appreciate the constructive debate and wish you the best of luck as well.
Agreed, I am thinking/hoping that this run could eventually break past that last peak as well, since it will have a nice weekly chart trend working in it's favor. I've been playing this one since last year. Bought the pullback after Feb's huge run, averaged in around .002, then sold on the way up with the majority getting let go in the .008s. I reloaded a little too aggressively and now my average in the low .003s, though I could afford to let this one try and bounce since I made $28k on the first swing. =) Down about $5k or $6k on this one, but I'm very optimistic that I'll be seeing this position going very green too in the not so distant future.
One other response, since you're telling me that everyone is not saying to sell but instead not buy, then what will they tell me since I've already picked up 60 million shares? Sell or hold?
BTW, I'm not telling anyone to buy. I'm playing this based on my situation and risk tolerance, and of course the chart. I personally like to take some calculated high risk shots at setups like this, and last year I had a few lottos that panned out enough to let me take an even larger risk on a few this year. I could lose every last penny in this play and not flinch, but should it run I'm going to pretty darn happy.
"They are not saying "Sell, sell, sell" They are saying "Don't buy, don't buy, don't buy!""
Well buying would still be a contrarian play then, wouldn't it?
Yes, it's when you sell at the bid. People putting in bids to buy at the bid (or anywhere below the ask) are the only thing stopping bid whackers from crashing the stock. You need people sitting on the bid.
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This is retarded (referring to your telling everyone they need to buy at the ask and people supporting the bid are hurting the stock). I'm sorry but your post is nonsense.
That type of action may shake out some, but in the end it won't change the ultimate direction. If the stock is truly meant to go up, it will, so you can always use these events as buying opps. I just accepted this type of stuff as part of the game and learned to account for it. If trading was easy and obvious, everyone would be doing it. GL
Thank you so much for the information. I learned something today.
jmo
I was getting excited a couple of months ago when the bollinger bands started to tighten, now they're even tighter. I would love to see some sort of catalyst here, it'd be the perfect storm.
That's not an opinion, that's a fact.
I believe it, the chart is telling me there is something to this company.
No worries, easy mistake.
The 10k was from a month ago.
The chart on this looks amazing right now. This is going to blow up, imo.
I didn't mean to make it sound like I was strongly anticipating this moving real soon, but it's bottomed out and traded sideways long enough that I'd say it's ready to pop. It may still be months before this thing comes to life, though last week's little vol spike is a nice sign, but either way I like our odds on this one (as far as lotto plays go).
With lotto setups like this one, I really never know what to expect. The potential is always there for incredible rallies, like SRSR which at one point was a low trip zero subber. On the timeframe I'm trading off of, even a failed breakout could hit .001. You never know, when and if any news comes out will obviously play a part in the strength of any rally. Hopefully the stars and moons align for this one.
I think this is a good lotto play, unfortunately I got in at .0002, otherwise I'd have twice as many shares as I do.
I couldn't agree more. I also noticed that the price got back above the middle bollinger band for the first time in about 6 months or so, and a break of that resistance you drew should lead to a very nice rally. I'm hoping the trend stays up on this one for a while.
I'm here and holding. I think this is very close to making a nice move.
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The trigger I'm looking for is a break of .0004, and with the weekly bollinger band really getting tight, I am hoping to see that in the next month tops.
I'm not sure when it was trading under that symbol. And I hope everyone realizes that it was never actually trading at that price, but if you adjust the previous prices for all the splits, which most charts do, then it was.
Heck, the actual median would be way too high to realistically expect it to be a target, these stocks that have been R/S so badly will never get back to some of their old prices. Split adjusted this was once trading in the thousands. What does happen though is they get pushed down so hard and wound up so tight, that they will bounce very hard when they finally break free. So while the actual median is pretty much irrelevant here, the fact that it's so far away means that even a bounce that falls well, well short, will still be a huge gain from these levels. The setup on this chart is awesome and based on that alone I think this can pop hard, but whether or not the run would be news based is going to make a big difference. For that reason I can't just give you one target price range I have in my head, best case scenario would be in the pennies, maybe even a GOIG like run to .05, and the lower end would probably be .001 - .002. Obviously it may never do anything, but assuming it did breakout here at .0004, that's what I'd speculate.
One of the things about plays like this is they tend to be contrarian in nature. As you can see from the sentiment from a lot of posters here, this stock has made a ton of enemies. As weird as it sounds, it's when sentiment is skewed that much to one side that you see the greatest reversals. Once everyone is in and you hear all the cheerleading, that's when you know that there are already a lot of people on board. My most profitable trades have always been when I was on the other side of the majority. With sentiment being so low here, you've had nothing but selling now for years and years. Short sellers undoubtedly rode this down as well, and they'll be buyers at some point too. This is why any positive news on a stock like this could potentially spark a major rally, all the conditions are there. They often don't pan out when you think they will, but patience has paid for me more times than not. Believe it or not but on chart setups like this, I will use the amount of bashing as an indicator for confirmation, the more bullish the chart and louder the bashing, the better.
It's not through my broker, it's a program called Equity Feed.
That's wrong, you can still trade stocks on the grey sheets, there just are no posted bids and asks. It's very much a huge risk and always use a limit order.