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.
25k shares just sold at .001, this is exactly what I'm talking about. That's 25 bucks, who is trading 25 bucks and why are we letting them walk this down? This is stupid.
because no one wants to contribute to the upward momentum, everyone is just sitting back and wanting to watch it go up without doing anything. Because of this the MM's manipulate and DT the stock.
I believe most people don't understand the importance of Momentum and Accum/Dist.. it's highly annoying.
really wish some of the MM's would move down to .0013, Think we already have a bullish engulfing today. Need to check the 3 month daily
If people want this to run up then we need to be buying at the ask right now. The MM's aren't going to get out of the way if people aren't buying. They'll sit on it until it makes sense for them to increase the ask.
This is why SREH downticks everyday, we LET them do what they want. slap it!
still have a bit under an hour and a half. Let's not jinx ourselves :)
sigh... no one have money to push it through resistance?
sigh... no one have money to push it through resistance?
dont let them walk it down with these piddly buy sizes.. slap it
I told everyone I just had a bad feeling.. but would watch morning. Had low volume which was a good enough indicator for me to stay in, bought a few million shares at .0007, now i'm really green today. lol.
come on people.. slap the crap out of it. It wants to run till EOD I bet.
I actually waited, right as I was about to put my .0007 order in I saw a shift in people stacked on the bid and moved to the ask. Waiting to see if .0006 hits; which L2's look like it may
putting in an order at .0007, good time for me to finally average down. Really digging the low volume.
Really liking the low volume, was looking for something to keep me in this stock and not eating my losses and this is good enough for me for now.
Hopefully we can keep it under 60-70m or so.
Am I the only one trying to keep this up? Come on people slap the ask, it wants to move.
I'm really liking the chilled out volume today. This is what we've been needing.
I'm with Zecco and Etrade. I like Zecco for it's commissions ($4.50/trade with 10 free trades a month after 25 trades) but it's downside is that I feel the web interface for Zecco is slow. I also use Etrade which has a pretty fast interface but the commissions are pretty hefty. I also felt Zecco is far more 'flexible' with you if you call them than Etrade is.
I'm still rolling around laughing from that one.. I got an extra kick out of it considering I'm a physics nerd.. lol
that laugh goes good with this beer. Good luck everyone, sending green wishes your way. :)
hahaha.. I really didn't mean it like that.
What I found funny here was that you were originally saying 1-2 years before anything happened.. Then I did a quick run through the chart read and you changed your time frame for 1-2 months..
Now in this post we hear you saying August and that you recently sold off. Really you recently sold off after it bounced off it's previous support at .0021? LOL, I took that opportunity to buy it up since MACD had crossed slightly and all other technical indicators started showing leveling off/reversal. Bollingers are also starting to come together which is another good indication of a bounce coming.
Fast forward a few days and we see nice consolidation and a strong base forming with volume slowing down with this reflected in the daily candle stick charts. It also upticks at the slightest amount of movement.. Pretty good sign that the float may be locked down or close to it. Also despite the gap that exists between bid/ask... you don't see too many people selling off at the bid.. another good indicator.
Either way your posts, which contain no technical data to prove your claims, really don't affect my decision making one way or the other. The way you contradict yourself gives me a good chuckle. lol
US market is closed July 5th but open the rest of the week. Stocks trade regardless if a company is open for business that day or not. Seeing as how I'm only concerned with what the chart tells me.. I don't really care how far they get.
Besides, I've heard rumors that they are already complete with the phase 1. Buy on rumors, sell on the news... words to live by IMO.
Because they took shares under other companies and didnt'report it under PSC. Then they would tout these huge gains on stocks they got free shares on, only to dump them. It's no wonder it's gone down.
Combine this with ENTI since SREH reported to be developing apps for them or something (sorry, I know some people love ENTI but personally I feel like it's a scam) and there appears to be a whirlpool of stuff that just turns me off from SREH.
Anyway, I'm not sure it means anything one way or the other. I was just putting the info out there for people.
I make 10% a day or more on $2k flips. $2k compounds to be a bit over $6k over the course of a month at that rate.
Different strokes for different folks, I'm happy with my broker who doesn't charge me excess fee's on partial trades.. who allows me to set stop/limit orders and only charges me 4.50 a trade and gives me 10 free trades each month. I don't like using my profits to pay for my commissions so whenever I can pay less on fees then the better.
This is also the reason why I just wait for bottom and pay the "ask" price or just above it if I need to.
Just so you know, I wasn't knocking your style, it just seemed odd to me but it's all about what is within your comfort level.
BTW for those of you that don't know, beginning of the month this stock was promoted by Penny stock chaser ( http://stockpromoters.com/view_promotions_by_symbol.asp?promoted_symbol=SREH )... well today here is a release direct from the SEC website regarding their fraudulent activity.
http://www.sec.gov/news/press/2010/2010-114.htm
combine this with the Caveat Emptor status on SREH
http://www.otcmarkets.com/stock/SREH/quote
I am posting this information not to scare anyone away or anything like that. It is simply to give the information to those who were not aware. I was aware of the caveat emptor status and promoters on this stock for a while... This afternoon however I saw the article on the SEC site about PSC and tied them all together.
Please make your own decision on this. I am not prompting people to act one way or the other.
Why would you modify if you're only looking for 4% gains, and if you're looking for more then why wouldn't you use a stop/limit order to protect profits/losses?
I'm still trying to understand your method I guess. Seems like there's not much room for mistakes, lots of room to miss trains that are taking off early into their profit zone and it seems like you would easily get shaken out of your stock at 4%.
Just for the record, I don't set my stop limit until I hit 10% profit. If I'm taking a loss without ever seeing profit then I sell manually dependant on L2's and what the 1min - 5 min daily charts say.
When I think of strong.. I think of actual transactions in addition to the bid/ask.. No one wanted to buy this at .0009 and closing at .0008 doesn't feel strong to me.
It could gap up in the morning... but strong closing, I didn't get that impression.
Exactly
Sounds like a personal problem, I can set stop limits on Zecco and Etrade although I've heard problems of some people not being able to do it on Etrade.
Funny, I just set my stop at 10% and limit a bit higher. For someone complaining about paying commissions it seems silly to do 2 flips when you can get 10% off of any intraday bounce.
shrug. I would've bought at .0025 today if I had liquidity to end the day even or in the green... the extra .0001 wouldn't of impacted much at that level.
good luck tomorrow.
we'll see, tomorrow before 11am I'll be able to see most of what I need to see. I'm pretty sure I could get out tomorrow near open at .0009 or higher and buy back in at .0008... if not then oh well. The fact that SREH drops on news is annoying. the fact that SREH defies it's chart is annoying... the fact that today's candle looks hideous and indicative of another downtrend starting (in my opinion that is) really has me turned off. Being in a 70 degree downtrend for this long REALLY has me turned off.
Opening tomorrow will determine whether I stay or go. I'll still hold a handful of shares incase it rockets... but the bulk of it I plan on getting rid of unless it opens strong.
So you want to make 4% profit? Well aren't you making super awesome returns... about as good as some CD's you can get at banks ;)
When the ask is that thin.. that's especially when you should slap it around.
You seem to not realize that if they can't fill 400k, then you will get whatever they can fill at the lower price and when it upticks you're automatically in profit.
amazing concept eh?
Transaction fees vs early position..... will a .0001 uptick cover your transaction fees? More than likely... <shrug>.
Unless the rebound comes tomorrow.. I'm out. Good luck to the rest of you, I'm a patient person but I just don't have the stomach to watch such a steep downtrend and today's candle and indicators don't leave me feeling much better.
Hope everyone makes profit. Good luck.
if I had some liquidity i'd close this in the green, but i'm tapped out.
a indicator today of reversal would jump start the uptrend.
ugh.. someone sold a measly 50k shares and ticked it down to .0023. Slap it hard! Close green!
yeah, I wouldn't take a second mortgage on my house to get this, but I did put a few hundred on it as a starter position at .0021 and will put more dependant upon seeing a strong confirmation of reversal.
You realize US market is closed July 5th, not all of next week. Stocks still trade regardless if a business is on holiday in their country of origin or if it's a regular working day.
You seem to have completely missed I am playing this as a chart play and could honestly care less what they are doing.
Is there a reason you're trying to jam your opinion down my throat when I obviously don't care or agree with it?
Then you must've misread my post because we disagree. I don't think this is going to rocket, but this is going to breakout. The channel is there and consolidation has been happening.
Technical indicators show just above oversold, might as well be oversold.. MACD crossed on the 21st, Accum/dist has started to level off after an upturn that happened on thursday, which it hasn't shown this yet.. means people are buying/holding.
While some indicators show that it may go down, majority of indicators agree that a breakout should be in the near future (1week - 1 month).