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Your interpretation?
And wild assumptions...
But notice the large bid at 52 cents. Market makers trying to accumulate at this price before they hike it?
We'll see...
Where price should really be...maybe
Taking the recent lows and highs created by gold and VGZ and taking the ratio that VGZ moves in cents per dollar that gold moves...VGZ should be roughly 59 to 60 cents per share with gold's price at $1335/oz. So unless market makers see something bearish that we don't see, the current VGZ price of 52 cents is VGZ on sale for roughly 12% off.
Price Sync Issues
June 22nd / 23rd
VGZ price between 52 and 55 cents
Gold price $1322ish
July 10th
VGZ price 52 and 54 cents
Gold price $1340ish
Really market makers?
Gold hit it's recent bottom Jun 3rd. VGZ hit it's recent bottom 3 days later. Maybe a lag effect. If gold holds this level for a week the MM will up it's price?
Earnings 7/31/14 after market.
Chaos! Gold breaks 1300! VGZ market makers still hold it below 55 cents when earlier it was bumping 55 with gold price at least $10 lower! Again...I call BS. Let VGZ rise!
Suberizedwrx
Let me see if I've got this straight. Gold's price today is practically the same as it was at yesterdays close but VGZ manages to lose 10% of it's value? I call BS.
Yeah. The volume sucks too! Look at the level 2...who is the market maker? It doesn't even have a name on Think or Swim...it's blank with $0.87 Bid and $0.95 Ask (rip off spread!).
Updated: Market Maker is OTC Other. :P
Be careful on this one.
Look at yahoo finance.
Check out CTCO's "total cash", "total debt", "operating cash flow" and "levered free cash flow". If any of those numbers look good enough to go long be my guest, but it won't be for long. Company also did a reverse split. Price could jump, but typically after reverse splits ...if they don't jump, they tank....and if they do jump, they eventually tank. Good luck.
Suberizedwrx
Only reason I'm commenting is because I received an email promoter which means it's being pumped...other than that, this company doesn't interest me. There's nothing worse than getting caught up in a pump if you don't know what you're doing.
I've been eyeballing END as a buy for a while....but looking at it's debt...man...it really better make a turn around.
Yeah, I'll hanging on to this one.
In 120.5k shares at $0.445 average.
Hope I don't get hit with another wave of stupid like I did with GSS. I was up over $25k in profits and watched it dwindle to $4.5k (in profits) before closing the position. And to make matters worse, GSS had a divi a couple days after I got out! Ha! Now it's back to what my average was with it ($0.52). Too funny. Anyhow, these stocks look like the ticket. I envy THM. It nearly freaking tripled in the same time that VGZ and GSS made 50% tops! Ugg...but something about THM had me stay away. I think it was because by the time the VGZ trigger hit THM still looked like it was going to shed some pounds....yeah...just confirmed...that was May 19th....and THM did shed some weight. Either way VGZ will produce good results...probably not THM results, but good stuff none the less.
Good luck bobhwang!
Suberizedwrx
Fresh off the press!
NEW YORK , May 28, 2014 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee on behalf of all persons who purchased or otherwise acquired the securities of Provectus Biopharmaceuticals, Inc. ("Provectus" or the "Company") (NYSE MKT:PVCT) during the period between December 17, 2013 and May 22, 2014 (the "Class Period").
The Complaint alleges that throughout the Class Period Defendants violated the federal securities laws by disseminating false and misleading statements to the investing public regarding the prospects for PV-10. The Complaint also alleges that as a result of Defendants' false statements, the Company stock traded at artificially inflated prices during the Class Period, reaching a high of $5.22 per share on January 22, 2014 .
The Complaint further alleges that on January 23, 2014 , Adam Feuerstein published an article on TheStreet.com stating that Provectus management had misled investors about the prospects for PV-10, questioning why Provectus had not yet started its promised Phase 3 randomized controlled trial of PV-10 and speculating that PV-10 may be obsolete in light of new skin cancer drugs being developed. On this news, according to the Complaint, Provectus's stock price fell $3.35 per share to close at $1.87 per share on January 23, 2014 , a decline of nearly 64% on volume of 30.5 million shares.
On May 20, 2014 , Feuerstein noted in an article published on TheStreet.com that on its website, Provectus had initially described its PV-10 drug as a "breakthrough" drug for skin cancer, but had later amended its description to "investigational." Then, on May 21, 2014 , an investment community blog on SeekingAlpha.com highlighted the failure of Provectus to commence a Phase 3 trial of PV-10 and alleged that the Company was tied to a stock promotion firm whose other stock recommendations had recently had trading in their stock halted by the SEC. On the same day, Provectus issued a press release purporting to refute inaccuracies in the blog on SeekingAlpha.com. On this news, Provectus's stock price dropped $0.22 per share to close at $2.02 per share on May 22, 2014 , a one-day decline of nearly 10%, and on May 23, 2014 , trading in Provectus stock was halted at $2.02 per share.
If you wish to serve as lead plaintiff, you must move the Court no later than July 28 , 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
Attorney Advertising -- Prior results do not guarantee a similar outcome with respect to any future matter. Please visit our website at http://www.gme-law.com for more information about the firm.
Source: Gainey McKenna & Egleston
Suberizedwrx
PVCT FAIL
PVCT will outline details of plan at ASCO on Jun 2nd according to TOS. Good luck!
HALTED! Officially from Think or Swim news!
For all you cool longs I'm sorry. For all you cocky ass longs that only see through tunnel vision, I hope this has opened your mind.
I'll have to analyze the long position a bit more.
ISR makes me skittish of it's long potential for the following:
1: It hasn't seen the $3 level in years. When it did hit $3 that was when it was on a downward spiral from a peak, not from a trough. So ISR started high around $5...worked it's way up to $8 and then collapse from that point forth. It just hasn't proven itself worthy of taking on this price level ever. So it either passes...or it fails. We'll have to see. It's weakening. It produced that beautiful high in March, then retested in early April, but couldn't exceed the March peak with the April retest. Then it dipped in late April, losing over 40% from it's March peak. From there it did another retest in mid-May. Again, this retest was even weaker compared to the early April retest. All this is red flags for me. There's plenty of room up. But there's also plenty of room down to push this stock back to where it started, or at least close to.
2: The climb to $3 was rather rapid. In three months it went from less than $1 to $3.5+. I guess I could say FNMA's climb was rapid as well. But the difference being FNMA is the housing industry that generates tons of revenue. ISR....different industry, thus I'm less trusting.
3: With a couple technical indicators as well...I don't trust ISR at this level and think it'll fall further.
4: I recently "bashed" PVCT when it was at $2.37. I got in short. I bailed out when it didn't collapse in 2 weeks. It did a little retest up into the $3. I was glad I jumped out. But just yesterday it tanked passed my conservative short target of -10%, down to the $1.55. That would have been a 50% gain if I'd stuck with it. Anyhow...I better stop here and let time/price do their thing. Best to ya!
Suberizedwrx
Pretty much. ;)
P.S. Got some idiots on this board who just can't keep their trap shut and watch. Lol. Good luck which ever way you trade this BooDog.
Lol. Seeing HUGE Bid support at $2.15. What does that mean to me? Market makers have a boat load of these shares they want to get rid of and are fooling you into thinking there is HUGE buyer support when there really isn't. It's really just the MM trying to dump their OVER abundance of shares on the unknowing "trader". It'll be a riot to see how this changes things in the upcoming days. Or this could be true buyer support...but with price not moving upwards...it's more than likely scenerio #1 with the MM's trying to sell their own inventory.
Have fun,
Suberizedwrx
I hope your last reply was "on topic". Your reply (instigating undue trash talk) and this one (my personal reply to your trash talk) will probably be removed.
The following posted on TOS (Think or Swim).
NEW YORK , May 22, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Provectus Biopharmaceuticals, Inc. ("Provectus" or the "Company")(NYSE: PVCT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether Provectus and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Suberizedwrx
Shorted this today. Very small position. Should have shorted yesterday prior to close...but $2.14 ain't a bad entry. Looking for 10% scalp in the next two business weeks MAX!
Suberizedwrx
Suberizedwrx once said that this stock would tank .... and there it is. Weirdest dead cat bounce ever....
Today was a "trigger" day for me. Buying VGZ at anything below today's close.
Shorts ain't covering nothing! It's not what you think. RETAIL accounts are not shorting this heavily. It's market makers doing the shorting and price reducing as buyers are probably getting the heck out and flooding other market makers with a surplus of this junk stock. When you have a surplus of junk...you mark down the price. Good luck.
Suberizedwrx
All you people going long right now are getting SUCKERED. As Fire Marshall Bill says "Let me show you something!". The following is just my opinion...not trading advise...blah blah blah.
Why MINE sucks:
1: What stock goes up 20x in a month? A pump and dump!
2: Have you checked the numbers on this stock? Look them up here: http://finance.yahoo.com/q/ks?s=MINE+Key+Statistics
3: What's their Operating Margin?! What's their Return on Assets?! What's their revenue?! What's their total cash?! What's their Operating Cash flow?!
Holy cow! If point number three above doesn't drive the fact that this company is going down in a ball of flames then you deserve to lose your money. You'll be donating to whoever has the power to short this stock....which is probably some illusive market maker! No normal person playing by normal rules would see any kind of benefit by shorting a stock that is $0.02 (significantly less than the $2.50 rule that brokers have for their clients who short (borrow shares). If you need a hand with the type of pattern this company is displaying and other companies that have been their and done that (failed in stock price), just look at GNIN and TALK to name a few. You can easily look up the rest by looking up pump and dumps on Google. They're all their. All the same price pattern. All the horrible financials. All the same suckers with a few pennies in their pocket that think they'll make it big. Honestly...I've been wrong sometimes...but on pump and dumps...this is pretty obvious.
You've been warned. If anything...wait for the dip buy. But don't marry this stock imho. It's rolling down hill...and who knows if there's any buy left in this one.
Suberizedwrx
If this stock stays below today's open before today's close, I'd be tempted to short it during the last hours of trading for a 10% target.
Suberizedwrx
Bought to Cover. No longer holding positions with PVCT. Price wouldn't budge. Too long to wait. Moving on. Good luck!
Uplisting might help with institutional interest and support.
Price is not a factor for all institutional support! I've seen institutions buy stocks for MUCH less per share.
PVCT is the target of price abuse in my opinion.
But I will say...if price doesn't tapper down more rapidly, I'm out.
If this closes down today it's more than likely downhill from here...for a while. Good luck!
Very close to being a short play...
If it holds $2.37 or lower on Monday before close of normal trading hours it's a short. Best to short prior to close just in case the next day has a gap down. Just my opinion. Good luck.
Yeah....I don't make the rules. The market makers do. Price action and financials are telling the story here for me.
To me PLUG is nothing more than a pump and dump. Went from $1 in Dec '13 to $11 in Mar '14! A 10x increase! No stock does that without receiving some form of price correction eventually. The main thing is that the climb to $11 was VERY abrupt and so was the price correction! It didn't trickle up over years or and trickle down over years. When you see this pattern, tune in and watch it move. I'm not revealing my tricks on iHub...but this stock has all the signs and symptoms of a pump and dump in post dump trickle down phase.
Good luck longs and shorts.
A measly 600 shares.
I'll probably never short again unless I can make a dent. I only use a fraction of my account to short compared to what I use to go long. Shorting is too risky imho. If you have $50k you can dedicate to shorting and only use a fraction of that for your position with the rest as a cushion then you'll reap the rewards. Not sure the threat of a margin call is worth it though. Brokers can close a position on you without you knowing with shorts. Plus you have to factor in the borrow rate with shorts, something you don't have to do going long. What I should have done was go long on another pick of mine (read my other posts if you want to know which one since I don't want to have this post removed for being off topic). That pick is up already up 13% in two days. I paper traded it with confidence. Should have traded it for real. Anyhow, probably going to bail at the 15% marker with PVCT and focus on long trades from this point on. I'll continue to alert on stocks that I feel will drop though. Shorting or holding off on a long position is up to the trader. Good luck!
Shorted at $2.37. Money where my mouth is. Target $2.01 (15%).
Big Ask at the moment (5000).
Big spread (6 cents).
Price action...
Hits high of $11.74 on March 11, 2014.
Makes two more high attempts, BOTH at the same price, $8.48 on March 13 and 25 of this year.
Makes another high attempt on April 21 @ $8.37.
Today (April 22nd) was the day BEFORE close anyone interested in shorting should have shorted. I called it 1 hour before normal hours close a couple posts back. I didn't expect it to tank after hours...but I guess that's what happens at times.
10-20% target from today's normal market hour close price.
Probably going to short this tomorrow if I can get it for $2.35 or better. 15% borrow rate and 250k share available at IB. Stock nearly at the $2.50 marker. Still hasn't hit the 10-15% number yet. High of $2.64 sign of weakness compared to all other highs beginning in March. Like I said the other day, the gap up with a down close is not looking hot either. It's the second sign. The first was a couple weeks back. Any shorter would have been squeezed...but not squeezed out if they were using highs as stoplosses. Good luck.
Unplugged? Looks like the perfect short opportunity for a 10-20% profit target.
Today's price action. Gap up. Close down. Definite short bias if April 22nd closes down. It still can't break resistance.
I think tomorrow is the day to scale in for this one.
That's the question of the weekend my friend...