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Actually, I'm referring to most posts I've read on this board. Too many pumpers and no solid facts stopped me from buying. The DD I did suggested I stay away.
Oh how fast the worm can turn!!
A nice base is formed for the next leap up
It is kinda funny reading this board. With all this company has going for it, people tend to listen to a few negative posters and panic.
You are right about a nice base forming. We need this basing process to move to the next level. Shares are changing hands forming a stronger share holder base that will hold as the stock breaks resistance and moves higher. That will happen once selling starts drying up or good news hits.
As far as M&M manipulation goes, there really isn't much reason for it and IMO, much of this talk is bogus. We have people selling and locking in profits. Right now sellers have a slight advantage until volume picks up but that won't last forever. My chart and Fibs tell me this will see .18 cents sometime in the future. That's what I'm waiting for.
As of July 15th, there were only 770K shares short. To believe otherwise is being misled.
http://www.otcmarkets.com/stock/NTEK/short-sales
Everyone on this board just cheerleads. I don't see anyone bringing any substantial facts or DD to this board. Never seen anything like it.
Most want to argue with me on this subject, but that is not actual short interest. It takes about 3 days till a trade clears, whether buy or sells. ALL SELLS are considered short sales until they clear because the distinction between a normal sell and a short position is not made until it clears. Therefore, sites like that and that stupid Finra list that goes around iHub confuses most into thinking these penny stocks are being shorted to death.
To short a penny stock, most brokerage firms charge $2 and up per share as a maintenance fee to short a penny stock. If you want to short 50K shares of any penny stock at Interactive brokers, you must put up 100 grand as a security deposit first. The actual short interest here as of July 15th was about 770K.
http://www.otcmarkets.com/stock/NTEK/short-sales
Come on guys, is this stock a buy or a dilution trap that will continue downward. With all the cheering on this board you'd think some one could answer the tough questions.
Man, nothing but cheerleading on this board. That scares me, know what I mean?
Anyway, what caused the sudden and large drop to under .004? I heard the stock was being promoted so there must be massive dilution going on to drop the price that hard. Is the transfer agent gagged? Also, why is there a yield sign on this at OTC markets? Anyone..
TIA
I'm basing the .18 cents more off of Fib numbers than the chart. Fibs do projections of future movements while the chart tells you the trend of the stock and the likelyhood of day to day swings when one learns the prevailing pattern or patterns of a stock and the candles that most effect that stock.
As far as the Fibs go, A to B = C to D. It will have to get to the D point before anyone can say what the future holds from there.
I make most of my money relying on charts. I am good at it. Not bragging, but if you search my post history on this and HHSE you will see what I have posted to be 100% accurate to date. Now, that doesn't mean I am 100% correct all the time, no chart reader is. That's what stops are for.
As far as NTEK and HHSE goes, the volume has fallen since the spikes on both stocks. It is supposed to during consolidation. My chart analysis says that this will see .18 cents after this consolidation period is over. Patience and accumulation will make you wealthy.
I am long here, but how can people deny what is right in front of them? Perhaps it's not an actual stock promo, but QS has been hired by NTEK for 150 days of advertising, branding, marketing, investor relations and social media services for $25,000. To me, that sounds like a heck-of-a-deal. What's the problem? Perhaps no one has asked David the right question or perhaps he doesn't know everything. I do know that an all-out promo on a penny stock can cost upwards of $250,000. 25K is chicken feed for NTEK.
Isn't there also share buy back news pending?
You could be right. That said, I've seen many stocks run in anticipation of a good earnings report. That happens more often than a decline. But, as you said, it might just sit here and consolidate. The longer it consolidates, the more energy it builds and stores for the next leg up.
It's not all M&M's now. In fact, they have probably covered their shorts from yesterday's run and could be accumulating inventory shares for the next run. Consolidation is what's happening now, sellers and buyers are about evenly matched. This will move up over time, the chart indicates that. What is never clear is the time element involved. Nobody knows when a stock will run.
NTEK is stuck, will not raise over .07
You should get a refund on your crystal ball, I think it might be cracked. My crystal ball (the chart) tells me this stock will go way beyond .07 cents when it has finished its consolidation. To me, .18 cents will be the next move up over time before the next consolidation period starts again. It's only been about 3 weeks since it hit a high of .1395. Now is the time smart traders are accumulating when others are getting bored. Look at the beautiful flag pattern forming on the chart. If you don't get what's happening here, just stick around and watch.
http://stockcharts.com/h-sc/ui?s=NTEK&p=D&b=5&g=0&id=p27455723121
The gap is closed now. It did exactly what I expected it to.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90437509
Dead money? Are we talking about the same HHSE? Better look at this chart link. How about over 400% in less than 3 months. No wonder you have so many member marks.
http://stockcharts.com/h-sc/ui?s=HHSE&p=D&yr=0&mn=3&dy=0&id=p58639478128
I guess you just don't understand what you post. That statement is screaming future dilution. Think about it, if they doubled the outstanding in the last 8 months, what do you think is next? They will be increasing authorized shares and diluting like crazy. Bet on it!!
I really wish you luck dude.
The share base has doubled from 300 to 600 million shares in 8 months. This is a dilution scam and will fall faster than it rises.
Why do they always seem to put out 2 PRS of the same thing at the same time ... lolzzz
Maybe they're not as smart as you are Nitwit!
Could be true. But, I've been studying charts and trading the markets since the 80's when you had to call your broker and pay $100 a trade in commissions. This has a pretty tight float for the amount of shares it trades on a daily basis. When you get a gap like we had today, nobody is selling. That causes a shortage of shares. When that happens, the M&M's are legally able to naked short to cover buying demand. They must eventually cover those shorts. As the day goes on, buying starts to dry up so the M&M's work together to bring the share price back down so they can cover their shorts at a profit. I think that's what happened here today. Don't worry, this stock will be breaking new highs before you know it.
what happened today Please can someone fill me in
It's called the stock market. If it did what everyone thought, no one would ever have to work. When a gap is formed from great news, often times this is what you will get. Learn it and expect it but never bet big on it, that's how the few make money when others ask.....Why?
recinvestor, the gap is caused by an open higher than the previous day's close. It has absolutely nothing to do with the previous day's high.
day traders have to be out by the close i believe
Day traders cannot use their 4 times buying power on non marginable stocks like NTEK. Therefor, they do not have to be out at end of day using their own money.
Gap filled now
Gap isn't filled yet, not till .064. I hate gaps because this is what happens more times than not. Although we didn't close the gap today, we might be close enough to ignore a .001 gap. Tomorrow will tell, but a dip to .064 is really nothing. That said, often times, a day like this is followed by several nice up days reflecting the power of the news after the chart has been freed of the clutter caused by the gap.
As soon as the chart is fixed (gap closed) the rise will continue.
Everyone is content at .075..
Don't bet the boat on it. I see a wave of red since the opening. Looks to me like this wants to fill the gap at .064 and then test .060 for a little shake before moving back up again. At least, that's what the 5 minute is telling me.
Thanks, I'd be interested in one also if the price is reasonable.
Do you have a link to one? How much are they?
Geez, you must not have been here earlier this week when we had a 30% up day followed by >30% retrace.
I predicted a pullback to .06 cents after that 31% up day. The chart at that time just needed a breather and we got it. Today though could be different. I commented this morning how the chart was about reset and we had probably seen the bottom and it should start moving up soon. Contrary to some people's expectations, one can never predict a stocks movement with 100% accuracy, but after reading charts for many years, I have become dependent on them.
An 18% up day is not overwhelming or chart damaging after a pullback from .08 cents to high .04 cents. It's actually with in normal parameters for a high flyer like NTEK. Volume today was higher than the last 8 of 9 trading days. That said, that doesn't mean there won't be another shake like an opening gap down or a stop remover. But, if that happens, it should recover fairly quickly.
Today's bullish engulfing candle is a bottom and turn signal on the daily and a white spinning top on the weekly after two weekly red candles is also an indicator of a bottom and turn. Monday and next week should be interesting. I suspect this will retest .08 cents next week after a little resistance around .07 cents.
I own both this and HHSE. HHSE's chart is also looking pretty nice. I don't know what Monday brings, but I think HHSE tests its recent .0332 high by weeks end.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90350227
Don't worry, looks like it is building support in the low to mid 5's. Could bounce off the 50 day which is right at .05. Consolidation is good and it is letting the weak hands out. I see this moving up soon, the chart is about reset.
This pot is a pressure cooker. Eventually, the relief valve has to blow..
You just don't get it. We (most here) don't care about that audit. It will come in time. Lately the company has been cooking on high finding and building new revenue streams. Lets make money and worry about the audit later. The deal with NTEK proves this company is real and growing.
Like I said earlier, you're trying way too hard.
Neg .09 tomorrow easy imo watch the shareholder meeting video once again im loading everything i can before those fins come out
LOL, I've seen this film so many times it's silly. I wasn't absolutely positive, but as I said yesterday, this will probably dip to about .06 cents before the next move up occurs. After a 31% up day, a 13% down day is not uncommon. The momo here has subsided for the time being. It just needs to consolidate around this price range for a while. Nothing broken or hurt, just tired. I have both this and HHSE. HHSE is closer to a move upward just because it is not nearly as stretched as NTEK.
All sells are considered short sales on that short report until the trades clear in about three trading days. Most people don't understand that. The OTC numbers are correct.
I was unaware people like you and me could short penny stocks
Interactive brokers allows shorting of penny stocks.
I'm not predicting a down day. All I said was; don't be surprised if this dips to .06 again before it continues up. M&M's love to take out stops.
The only entities that can naked short (at least legally) are market makers to maintain an orderly market when there are not enough sells to cover market demand.
I'm long NTEK and HHSE. That said, after a 31% up day, don't be surprised if NTEK retests 6 cents again before moving higher. The M&M's like to shake longs to cover their shorts from a previous big up day. People get freaked and sell when they do that.