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Not really, when you consider that MUCH of that float was purchased over the last 10 or so days and whats left to trade is flipping and shorting only...
yeah, sometimes It think every ticker just has some dude sitting at a terminal just deciding on whim what he wants it do... no sense at all. Not even legal. Oh well, its the system we play in.
Actually, that reminds me, I do have it with etrade, but I do this while at work and cant use the powertrader console, so cant actually use it... =/
Least we can see that mil sitting on the ask now... sometimes I wish I had level 2, then I remember the monthly cost! =D
Fully filled, no dent in the ask at all, still showing 20k...
HA, only filled 5200 and no dents in the ask at all, as expected!
srsly, 5200? wtf, at least give me 10K... sheesh
Just put a 35000 order in at 0054... them 54's gotta GO!
I dont know man, thats not exactly dumb, unless you think $300 or more bucks is dumb?
-1mil shares at .0047 is $4700
-1mil shares at .005 is $5000
assuming $10 a trade, thats $280
Multiply that by 4? Thats $1120 in about 30 minutes or so. Now, do that 3 or 4 days? Not a bad week? right?
Put on just before open, filled at 005 and 0052 for 100K and 400K right away. showed 4.8 mil volume at the same time if I member right.
YES. money cleared and I got another 500K. lower than I thought I would. Now I GOt just under a mil.
when we say it does? =D
heh, until they dropped that 2.4 mill on the 0056...
yep, pretty much.
Stocks like this, that can sustain the volume over a long period of time and quickly realize (for a day trader) 15-25%, over and over, day to day... its just going to be like this. Day traders and shorters will kill it for all its worth; and we see it over and over on every penny around; when they get momo and volume, they let it build some and ... WHACK!
But, once in a while, a penny comes along that really has something and can hold the interest of not just the newbies and momo players, but people who can really research and see whats coming... then its a fight.
I am really worried about Thursday, when (as I think it will) news hits and the 10K is filed... the whole buy on rumor, sell on news adage... hope this one can win the fight!
Thats cool, always a lot of hopeful over predicting when things are going well. =D Par for the course.
Very very seldom do runs like we think this is going to have happen over a couple of days... usually a couple weeks is fast, and a month or more is more likely.
Meh, what do I know! =D
Or Thursday I think...
here we go, RSI just reversed...
Heh, selfishly, I hope this stays under a penny till the afternoon on the 28th, when my money clears and I can buy more... stoopid me got a little greedy and ended up with a 90 day restriction a while back trying to liquidate and buy into MCET with a little extra oomph. =) Just dont have the 25K power needed in my account! bah.
On the plus side, the MFI and RSI are now oversold, the MFI is way under 20 and the RSI just hit about 30, so hopefully shoudl start to slide back up; thats been the pattern anyway.
heh, ok, how bout I post something with actual information and not my guess (which was wrong)...
Now that I looked, the Accumulation/Distribution is actually down, to about 735mil from the low 800's yesterday.
We're actually in the negative today; handed some shares back to the float today, so far.
The volume today, so far, is about 80% of the remaining un-accumulated float I think... Now the volume has slowed waaayy down. its a stand off!
BAM! 66's break'n 2 electric F'n boogaloo! MONEY!
almost 6mill support at 62 as well. Damn nice.
next resistance is over a penny if it breaks the 64's!!
ahh shit, its gonna hit the 64's!
Yep, really is a thing of beauty. WIsh I had more or that I caught wind of this when it was still in the 002's. But I like my 0045's.
I know its about of a stretch to find the relevance, but considering the time frames involved in the trails and fda approval process, it does have relevance, I think.
Its more than time that news regard results of stage II and the possibility of stage III even occurring be released. Or that's what I hope...
I get soon excited looking at this chart. I've never been in at the start of a breakout like this.
Seriously, go look up "rocket ship breakouts".
Constant testing of resistance over weeks, slow build up of volume and pps, then bam, it explodes over the 200 line on BIG volume. Other than the second red day after the break out, you could use this chart as the example when defining a rocket breakout.
They can hold momentum flow days or weeks and gap repeatedly.
I'm so excited.
IMO, I suppose.
.0055! WHAT!
and good support on the BID too!
HA! my BID X ASK keeps showing 0 x 0 ! ahha, MM's can't keep up!
hOly crap we're gonna see .0053s.
WOW. It broke into the 5s. Im so happy right now. =D
We should start to climb again here, we have finally dropped way way into oversold on the MFI and we are sitting at about 30 (oversold) on the RSI
hehe, kept wondering who you were all talking too... then I remembered! I have him on ignore. =D
but, im probly extra nervous cuz I bought in at .0045 thinking that was the bottom when it hit around .006 earlier this week. =D
Wish I had your guys fortitude and optimism!
I'm still looking at the RSI and MFI being waaay high right now. I think its gotta slow down a bit in order to climb again.
Im crossing my fingers over here.
and over 3 mill on the bid! nice! double the ask
heh, Also, its lunch time in trader land...
Needed a dip and slow down to rest. Was getting pretty overbought; RSI was sitting at just under 80 and MFI was at 80 as well.
heh, was about too say "wow, good Bid support on the .0046" then someone bought it. =D
lol, what! haha