I like the idea of shorting here. Hmmmmm

Looks like the 3rd wave down finally took hold. Now just looking for a corrective tick or two higher before a fifth wave to no bid which should complete this impulsive downside structure.

Weekly chart is looking more open to further breakdown now imo

I'm still looking for another low but I view this next decline, if we get it, as likely completing the pattern to the downside

Should see a nice move here within another week, imo. Hope it drops hard.

At least batman has some sense. People were calling bottom when this thing was at .001 and said there would be no more trips. Yet, here it is making its way down. Anyone surprised? I'm not.

Everyone getting bullish enough so this thing can drop again?

However, I do think we're getting very close to seeing a bottom. I don't have any intention to attempt shorting another move down but will add long if we get there.

They never do... It's the herd mentality.



Not to say this implies the stock will be safe to buy at any point.

I don't think the bottom is in yet... call me crazy

I think this will see just a little more downside, then I will look to start a position here

lol looking at the daily volume, I'm guessing somewhere between 1.5 - 1.8 billion. Either way, it's not hard to see this thing has put on a lot of weight these past few weeks.

Anyone care to speculate on the size of the float at this point?

VFIN doing a rain dance on L2?

Looking to close short position soon and flip long

If you're new to stocks as a whole, just be aware that penny stocks are a dangerous place to start. Penny stocks are a lot like leveraged positions in nature as gains or losses can be very significant in a short period of time, and trades ruled by emotion can be very dangerous and expensive. Even though they have a product that can be bought on Amazon, I still wouldn't be taken by surprise IF shareholders are let down. Take it FWIW, but I used to trade these things regularly and have witnessed some of the most ridiculous stuff in this OTC swamp.

Having said that, I don't think this is a terrible gamble, but I certainly don't see this as a safe investment. This company still has a lot to prove before they are out of the woods, imo.

GLTY!

Shorting again. 60 min BB getting tight so shouldn't be much longer before it makes a move

So you don't believe dilution is a factor here?

Look at 5/19/15(~855 million) and 9/08/15(~1.1 billion). Volume bars almost look like two hands giving us the middle finger on the weekly lol

I was joking. But in all seriousness, I don't see any discernible count in this overlapping price action. That's not to say that a spike higher is an impossibility, but these thing run on news and lose interest without it. The recent increase in volume is what really alarms me. Dilution. When does it stop?

Retraced nicely into fib support region and bounced off of it. Question is will it hold?

No point in trying to apply EW analysis in this whipsaw. But if anything, maybe it's in a 3rd wave to the downside... fast lane to no bid :p

Increasing volume tells the story here

Exactly, these things are only good for quick flips.

The float appears to be increasing judging by the recent record-setting volume spike. Dilution is not hard to spot when it is blatant. See you back in the low .000x region shortly, pun intended.

This might be a good setup to attempt a short

Looks like this could roll down a little here for a short side scalp

Breakdance!

Looks like a potential short setup here imo

This is a prime example of why sub penny stocks are such terrible long term investments. For a chance to quadruple $500, I would bet that this stock will RS before it ever sees >= .001x

Ha, the most thrilling news can be seen within this chart...

Notice how the market makers have lowered the price for us to load the boat?!!!! This chart doesn't do it justice! The decent from $1 has been wonderful!

Was that the signal to short lol?

Not looking good here at all

Broke 10. Heading down to the .618 retrace now?

Looks like it will hold at least for now

Think we will find some support here at 10. Break below 9.84 and I will stop out

Daily looks pretty solid now imo. I'd like to see it close above 10

I'm itching to buy some calls here, but I'm just not confident it's ready yet.

What have you been feeding my camel?!

Seriously though, nothing too surprising about today's action for me. The daily still tells me down unfortunately, but technicals are in line for a bounce. Trying to be patient here.

I'm leaning toward that, too. Hourly looks good imo but would like to see the daily follow through. Getting close

Reminds me a lot of the puking camel pattern we see in gold right now. Here's a perfect example from last year:



But yes, like vomit hitting the floor, it should make a nice splash!