looooooong gone !!!!!!!!
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chevy-on which chart? I don't see on any of my charts
I thought sure it would break UP!
So much for not seeing .25-what a beach!!
You are the one that quoted the 2 month's price range.
I just gave the ACCURATE information for the 2 month period.
If YOU are going to get "all technical", be accurate.
Accuracy counts in TA
bigbreak-for the sake of accuracy......
The price for the last 2 months has been between .525 on Aug 31 and .27 on Oct 6.
Better check a lot closer before making these kinds of statements
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p14095881752&a=195071609
Chart update...............
Significant finding here is the 20 Bollinger bands pinching in towards each other.
This usually predicts a major change coming, but must rely on other indicators to figure out whether to the upside or down.
Given what I see here, I would expect it to be to the upside, but
WDIK? I've been fooled before by this stock.
.28 seems to have established a strong support, and the 20 dma and the 10 dma a re being challenged strongly.
Money is coming in rather than flowing out ---CMF and On balance volume --- but these are weak signals at this point.
Overall, I am becoming more optimistic day by day.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p83317967414&a=195071609
Chart update(attn: bigbreak).....
I'm liking it more and more. Looks like .28 will be new support.
Notes on chart are self explanatory
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p83317967414&a=195071609
"its no longer science, but pure emotion"
And I know of no better way to lose money!!
Charts are helpful if you know how to to read them ... gotta' be better than emotional trading in any event.
longrun -interesting using the sma and the ema in that combo. I'll have to check that technique out.
Can you give me any links to help my research?
Always willing to learn new stuff.
Thanks
How do you figure a .31 close?
Would be nice to have it so, but also would be nice if you could provide a reason for that prediction.
I will be watching very carefully today.
As per my post last week:
Chart update..................
Things are starting to improve. The STO has had a positive divergence since the beginning of October, and has crossed the trigger (red) line.
The RSI is turning up and 3 of the 5 moving averages acting as resistances are being challenged.
ADX wants to turn up, which indicates that an uptrend is being established.
I know this will go against the "non emotional" approach somewhat, but sometimes when I have been following a stock for a long time ( this DEFINITELY QUALIFIES!!!) I look at a chart and I just get a premonition of which way it wants to go.
I am getting an "UP" reading here..... time will tell if my sixth sense is working.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p47535806771&a=195071609
Chart update..................
Things are starting to improve. The STO has had a positive divergence since the beginning of October, and has crossed the trigger (red) line.
The RSI is turning up and 3 of the 5 moving averages acting as resistances are being challenged.
ADX wants to turn up, which indicates that an uptrend is being established.
I know this will go against the "non emotional" approach somewhat, but sometimes when I have been following a stock for a long time ( this DEFINITELY QUALIFIES!!!) I look at a chart and I just get a premonition of which way it wants to go.
I am getting an "UP" reading here..... time will tell if my sixth sense is working.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p47535806771&a=195071609
bogdan-could you please disclose your rationale for that guess of closing price, as I see that technically that is waaaaay out of bounds
Unless , of course, you think approval will happen today !!!
Poppo-what you forget is the posters here are probably a cross section of the more intelligent investors in IMGG.....check out the Yahoo board to see how bad it could be.
So these are the people who own YOUR company, and how they think ( or not !!!) They are your partners in some small way.
It's a study in human nature in any event -- and it's humans in some form or another that move the stock price.
Consider the postings here to be an Xray ( although be it 1D) into the minds of your partners -- kinda scary, eh ?
Box-amazing how you know how I have traded this for the last 4 years.
I presently own no (zero) shares in my trading account. I sold long ago for a profit.
Sold all of my "holding" shares bought at .03 for a real juicy profit.
I still hold lots of shares bought at .06 , so am not worried too much about those. Holding those for "sale" of company
So I am waiting for a "low" to be reached and reversed - that's when this emotionless trader will buy back in
bt-speak for yourself. I have never been denied an answer to my questions, whether by email or phone.
Perhaps IMGG is choosing who to respond to and who not to.
Your stand is quite obvious by what you post here.
How many shares do you own? - it would make sense that the large shareholder might just get a preference over a small, negative speaking investor.
These guys are busy running a company for us. Why would they waste their time / energy answering every complaining or demanding communication?
adrian-I won't discuss what Dean did or didn't say, but you are the one who heard it, and you are the one who made a decision to hold or buy or whatever.
You are NOT a victim here, although by pointing the finger at DJ and not accepting responsibility for your decisions, that is EXACTLY what you are making yourself out to be.
If you want to make money in the markets, you have to be non emotional and use rationality -- being a "victim" is neither one.
Many people here ( including me at one time) chose to get into IMGG, both because it looked like a medical breakthrough, but also because they thought it would be the stock on which they could retire, or buy the big boat or a new house etc etc
Greed gets in the way of making good investment decisions, as does fear. But taking responsibility for one's personal decisions is what keeps one out of "victimhood"
Who is responsible for an investor holding a stock while it declines 80% in a year?
Oh, it must be Dean's fault !! He should "man up"
How about the investor "manning up" that he failed to set some sort of stop loss and selling a losing entity?
Money management is more than 50% of the game if you plan to be not included in the 85% of retail investors who lose money in the markets.
So, whose fault is it, really?
adrian- so I will ask outright..........
What are you doing?
Do you own any stock?
Are you buying, selling or holding?
Just curious, since you seem to be very strongly opinionated
I push the "recommend" button on this one
It seems the biggest sins re this FDA approval process are being committed on the East coat, rather than the West.
Corruption or ineptitude? Does it matter? This is OUR government -- for the people and by the people.
Make sure to vote in November ( and remember)
Boxster-I agree, the past decisions and actions have to be taken into account when making one's decisions today...... that's all part of doing due diligence. But to bring them up over and over and dwell on them does no one any good.
We all on this board have read and re read the accusations. True or not, nobody can change the past.
Today's decision comes down to this: With all that I know ( or THINK I know) am I going to buy, hold or sell IMGG stock ?
Simple as it seems, they are the ONLY choices you have today.
And today is where you start from.
adrian-I do not generally respond to posts of this nature, but I am, personally, not interested in your historical review of everything Mr Janes has ever said or done. It is a bit tiresome, IMO
How does this help your investing?
What is important today, and from this day forward is what YOU do with the information as it stands updated on 10/20/2010 re YOUR investment in IMGG
Whether YOU buy or hold or sell, is what will count for YOUR portfolio. Dean Janes will do what Dean Janes will do - you have no control over that.
What each of us has control over is how we respond to the day to day events around the IMGG company and its stock.
Are you interested in making ( or not losing ) money with IMGG ?
Then learn some technical skills, or just use my charts. Listen to what is posted here. Disregard what doesn't apply to YOU personally and use the rest to make YOUR decisions.
Do as much DD as you can, both on IMGG and investing advisory material -- there is plenty out there on the web for free.
You will be richer and happier for the effort.
Being in the present will be much healthier for you and your portfolio than looking in the rear view mirror and getting depressed about the past -- which you can't change anyhow.
Good luck to you.
Weekly chart.....................
Nothing to see here, folks . Move right along !!
Momentum ind are basically neutral
PPS degrading week by week down that red downtrend line.
All moving averages except 200 ma are above pps and will act as resistances to price moves upward. .24 is support
Without news, rigor mortis about to set in
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p19416540791&a=207192102
Lambster-thank you for that.
I try very hard not to present biased information.
I do not recommend buys or sells etc. but just relay what I see on the charts as an experienced technician.
It's just another piece of information that can be used or not, depending on personal preferences.
bb-I never said there would be a huge sell off. I merely stated that if we didn't get approval and the technicals stayed the same, that .25 was well within the realm of possibilities.
Just countering your "impossibility" of .25 ever being seen again.
And I don't really think I am in the same category as the other three you mentioned, as I back up my theories with charts.
So maybe you are smarter than the other three - I'll let them defend themselves.
I hope you get there is no ill will being projected here by me. Just presenting another possibility and view.
bb-"IMGG will not touch .25 ".......
Every time you make a statement like this, expect an answer from me re the uselessness of predictions like that.
As long as the technicals remain in their present state, and there is no approval, there is EVERY possibility of .25 being reached.
Thanks Kingfisher-
I stand corrected again - after "zooming in" using the minute chart, IMGG has in fact closed under .30 for 11 of the last 13 trading days (not including today)
That still tells me that .30 is more resistance than support.
I stand corrected - after "zooming in" using the minute chart, IMGG has in fact closed under .30 for 12 of the last 13 trading days (not including today)
That AIN'T SUPPORT folks !!!
Another correction: on Oct 4 it closed above .30, only to drop at the open next day
http://s944.photobucket.com/albums/ad282/madtig/?action=view¤t=closingppslast13days.gif
bb-if you are going to use charting / technical terms like "support", I suggest you do some more study, as .30 is NOT support.
It is resistance, and that is the total opposite of your premise that the pps is strong.
.30 has been broken 8X out of the last 12 trading days ( closing price which is the one that counts and not counting today)---- so it has NOT held support. And until it's broken clearly to the upside, it will be a resistance area, along with several others all bunched up.
Chart update...................
5 resistances all "bunched" together.
A breakout from the .306 20 dma would mark the breakout of the last of the 5. Breaking that significantly would go a long way to open it up for some gain.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p49331414346&a=195071609
bb-"Bigbreak is the only poster Tiger truly fear"
LOL - A GRRRRRRRRREAT line there, bb
Believe me, I hope you are right and I am wrong.
Friday did start a shift in the charts. I would like nothing more than to hop back on board - just can't justify it yet.
supercleetus-if there was a "recommend' button, you would get my vote !!!!!
Tech talk .............
Fairly strong attack on the resistances today.
Closed at .305; High .309
10 dma = .296 (broken)
20 dma = .31 ( attacked but not broken )
50 dma .306 ( attacked but not broken)
65 dma = .302 ( broken)
62% fib = .30 (broken)
Momentum indicators are wanting to turn up
A few more days like this and I will have to be buying back in !!!!
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p14052836657&a=195071609
I agree-with the penny stocks, low volume, MM games etc. you can get tossed around. I have been holding / trading IMGG for 4 years. I believe after a long enough time, I get a "feel" for the individual stock / chart.
Only way I can explain it. Yes, for swing trading, which is my main pattern, I like the nice cyclic type stocks that lend themselves to establishing chartable patterns.
All in all, I have done very well with IMGG.
I am still holding a large quantity at .06, which I will probably hold for the "big sale"
Depends on how you define "making money"
In my book, selling and buying at a lower price is making money. But so is just selling at a higher price than what you bought it for ( the usual definition)
I sold 1/2 my trading shares on Sept 1st after the big drop (candle formation was what a chartist calls a shooting star)
and the second half on Sept 22 with the black candle formation, and all momentum indicators going negative.
Both trades above yielded decent profits.
I have no trading shares at present. With the weakening chart -- (I know you think .30 will hold support - which has already been broken BTW ) I am hoping to buy back cheaper.
If we get a radical gap up on news, I might miss buying for less than I sold , but that's the chance I take.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p13869555461&a=195071609
demus-that premise does make sense.
Just don't know if we can count on it for any length of time.
Let's face it - the only real "moving force" we can count on is the FDA approval.
Until then, there are myriad number of forces at work.....all of which will be controlling the pps.
That's why I depend on charts for my personal guidance - less like guessing for me.
It's a buy stop order which will become a market order. I'll get them, but maybe at a higher price than ideal.
But if it hits 5.00 like some say here, it won't matter.
Meanwhile, I have made wonderful profits on trading this over the past 4 years, and I hold a lot of shares at .06 for the "buy out" by the big company
IMGG has treated me very well
I have my buy-stop orders in place.
And nobody's breaking down the doors to get in !!!!
The lack of volume and interest speaks volumes here.
When the word "leaks out", and I believe it will, there will be time to buy - and I think there will be shares made available by the holders of the low cost shares.
So if approval comes, will it matter if you held on to the shares all the way down, or if you bought them on the way up?
If it hits 5.00 or more, it will make no difference.
I prefer the latter as my strategy, but both will work in the long picture
Chart update....................
Momentum indicators are neutral or negative.
Notes on chart are self explanatory
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=5&dy=0&id=p55142053334&a=195071609