is...Either trading futures or fishing
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Here is a chart for you on this play
I used the 60 minute chart. It pulled back into a nice consolidation pattern. This lined up with the steady decline in volume and a descending stochastics makes it prime for a nice pop up. It needs to hold this pattern for a couple more days for accumulation to continue then there should be a nice move north. Check your email ;)
Not making up anything. Read the previous post of others posters and you will find it like I did. If you don't like my post then your more than welcome not to read them ;)
The talk of Ragsdale running from GLER. Is there no honor among thieves?
A chart for you
See that we have a steady decline in volume after a huge explosion? That's what you want while a stock in in consolidation. Also you want a descending stochastics. I want to see it bottomed out while this trades at .0001 for a few days. Setups like this will really draw in seasoned traders like me who are looking for a strong pop. People like me do not trade fundamentals of a stock. We trade on TA alone
LOL. I kinda noticed that. A lot of people don't want to hear that but that's a good thing to happen for the pattern this stock is in
I don't think that was a mistake. The volume has had a strong decline and the stochastics are descending to over sold. That's exactly where this needs to be right now. I'm actually hoping it will drop and stay trading in the 1's for a few days to bring the stochastics lower. If you look at my previous post you will see charts I posted in this room
You wont get 1's. You can put an order in but it will never get filled. Even when the price drops to 1's the ask will still be at 2's. The only way you can get 1's is for this to go to no bid
Let him learn ;)
You should read my previous post to a friend of mine in here. I sold my core position at .0027 on the last little pop. You will be waiting a long time friend if your waiting on me ;) I have played GLER twice since 2012. But if this thing goes to grey's then by all means buy up the shares of people that will sell them ;)
I'm curious. Have you ever traded grey's?
No your on the right board. It is getting pretty damn exciting in here ;)
I remember SPNG. That was a classic. There was some nice bank on it. Also a lot of bag holders left wide eyed
Sorry but I have never posted on the yahoo message boards
Man im just a trader. I didn't trade this on fundamentals. I sold my core position the last time it ran to .0028. I got out at .0027
You can take it or leave it friend. But if it is a fact then how can it be based on a false assumption? Fact is fact! No need to reply. You have nothing to say that will interest me
Actually they will not have to cover at all
Here is a little info for you guys. Most can say what you want but if this hits he grey sheets its over. Wanting or hoping it will come back aint gonna make it happen. I'm sorry you guys lost money in this
Stocks generally end up as what is commonly called Grey Sheet stocks after an SEC suspension. Technically, it is the Grey Market.
Market Makers are warned, pursuant to 15c 211 not to publish a quote for the security without reviewing its information statement/clarified information statement
Other OTC or otherwise known as the "GREY Market" is the trading of a security that is not listed on any stock exchange or quoted on the Pink Sheets or the OTCBB.
Other OTC trades are however reported to the NASD so investors can still track price and volume, however bids and offers are not collected in a central spot so Best Execution of orders is difficult.
As of September 21, 2012: From January 2010 until today there have been a total of 1116 SEC Suspensions where ALL 1116 stocks were reinstated on the Grey Sheets after the ten day SEC Suspension ended.
Of the 1116 SEC Suspended stocks since January 2010 645 Registrations have been revoked.
The remaining 471 stocks are on the Grey Sheets (or still in the ten day SEC Suspension within the last ten days) and not one has made it off the Grey Sheets back to quotation by any Market Maker.
Of the 471 stocks that are on the Grey Sheets most are awaiting revocation on DEFAULT for failure to file Financials, wherein there were no other allegations that would require subsequent SEC Litigation(s).
Stocks that were Suspended for any allegations are awaiting SEC Litigation or are being litigated and those stocks will remain on the Grey Sheets and will NOT be revoked until all SEC Litigation has been adjudicated by an SEC Administrative Law Judge.
For additional research the links below comprise all SEC Actions back to 1995.
SEC Suspensions:
http://www.sec.gov/litigation/suspensions.shtml
SEC Administrative Proceedings:
http://www.sec.gov/litigation/admin.shtml
SEC Litigations:
http://www.sec.gov/litigation/litreleases.shtml
Administrative Law Judge Orders:
http://www.sec.gov/alj/aljorders.shtml
I answered your question using another stock as an example but it was deleted. I used the other stock because it had an almost identical pattern. Was explaining why I think it would run on this pattern
I have played tons of pennies similar to this one. Right now the price is in consolidation. That's why it isn't moving. As far as people pumping? Look at their past posting history and you will probably see that they are pumping nothing but air. These OTC stocks are for trading and not investing
I only took this trade on TA. I don't trade fundamentals on anything weather it be a penny or big boards. What this company has or has not going on has no interest to me. Its simply a charts play for me
I cant answer pm's. I'm not quite sure I understood your question
PM me your email and I will show you something
Man I wish I could answer that. But I always count on these to run to at least in the 002's. Alot of people look for homeruns but I just play these for fun. I would suggest that you sell half or enough of your position to cover what you have in it if it does run. You cant lose by taking money off the table
Nice to meet you also. I just enjoy posting charts and hanging around here. I haven't traded for my own in a while. I trade my grandkids account for them hoping they will have something in the future. But once you have been a trader its hard to get away from it. Almost like a drug addiction
Don't pay your electric bill of off my advice lol.
Yes sir! I have traded many pennies over the years and honestly cant remember one that was legit. I'm not saying they all are scams but until I ever see a legit one its best to dance with who brought you to the dance ;)
You bet friend
I would say its getting real close. Anytime I see a price consolidation with a strong decline in volume and a descending stochastics it means its getting tight and something needs to happen. Now grant it that not all pennies play fair when it comes to charts. But when I see a setup like this I pounce on it. And so do all other seasoned traders looking for a pop and easy money
It hit my scanner with a surge in volume. That's how I play these. Every POS penny that I made big bank on was the same as this one. A sudden surge of volume out of nowhere. These plays are not my bread & butter. I made my living scalping big boards and mainly the futures markets. As far as DD on a penny I could care less. For me DD means Doo Doo. I'm not pumping this up. This is simply a chart play for me. They may not work for you but a few million shares in the lower trips is very low risk and this garbage can pop on nothing. I have seen it way to many times ;)
I have had just about every platform there was. Once I tried this one I have never went back. Over 6 years now. You should try their platform with a practice account since your already with them. I trade off the ladder. Once I tried it I was hooked
I use the think or swim platform with Ameritrade. I guess everyone has their own opinion about charting but this has gotten me where I wanted to be so I have never changed it. I use the same charts when trading futures also
Similar chart I posted a few days ago
The only thing that has changed is the stochastics have entered into over sold and are still descending. This is exactly where I want to see this setup. Anytime you have consolidation you want a strong decline in volume and a descending stochastics. This stock in my book is just another POS in a long list of POS stocks. Im playing this for the setup. I am neither pumping this or bashing it
It doesn't matter to me either way. I traded this and dumped as I do all pennies.
This is why I preach trading POS pennies and not investing in them or believing anything about them. The trend continues. Welcome to the stock market. OTC 101
Chart for those that like TA
I caught this one yesterday on my scanner and took a position. These are some of my favorite plays. Nice bottom bounce from January. Selloff's on bad earnings usually last 3 to 5 days. After retesting a previous low this was an easy play for me to trade. Should see some nice profit next week
I don't understand why a person would spend so much time trying to find a way to not make money. I prefer to find a way to make it. I will admit that this is nothing but another POS in a long line of POS stocks. But I found a way to make bank off of them. If you have found a way to not make money on this one. Then go find one you can make money on ;)
I got ya
Your welcome friend ;)
You dump any on the pop? I unloaded the rest of my core shares at 27