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kokonutguy...I think I am one of the few
who is NOT screaming. I'm very calm, my friend.
Look, I know I am more experienced and I don't expect free chatrooms to be filled with seasoned and hardened traders but I was hoping I could fast forward the learning curve here.....but it all seems to be a "band of brothers" who for some reason don't want to follow the one guy who has bullets in his riffle. So help me god....I can take years off you're learning curve and help many here to avoid SO many mistakes. Why? Because I made them years ago.
All the best!
C1
streetstylz.....what is your benchmark...
for success as an investor on a stock? Let me give you a hint. Profit. That's it. Nothing more.
We all know the scorecard on that account. It's that simple. Long DD dissertations, building friendships and spending money to jump on a plane to listen to management is fine.....but PROFIT is the benchmark. In the end you have to ask yourself: "Did I find a good stock and did I get in at a good time and out at a good time".
It's that cut and dry....and no I am not a cold hearted bastard. It's just the simple truth.
C1
streetstylz...well said but....
missguided. I'm sorry, it's just a fact. Sure it's well meaning but the theory is foolish and would you not agree that the "brotherhood" has been a disaster on NEOM to this point?
I have nothing against any of you fine people....but I have seen this sooooooo many times from well meaning somewhat biginner traders. This is not the first.
C1
kokonutguy...I am well aware
of everything you say, including the exodus from RB and why. I know all of that.
Question: With all the DD here, how do you account for almost everyone being down VERY big on this stock? Was that good DD or bad?
You can talk DD all you want but if you don't know what to look for to get both in and out at the right time you are just shuffling internet paper back and forth.
Would you not agree that anyone who is bullish on a stock (regardless of that stocks prospects) can always dig up positive things to post by way of DD and ignore or downplay the negatives? It's called a bias. A very good stock trader and all the pros have absolutely NO bias. They just go Long or Short where the indicators say they should be.
So what's your point?
C1
woogerbear..a "brotherhood"?!?!?!?!
Why is it that the entire leaky boat on ANY chat board HAS to stick together? Are there NO individual thought capabilities?
So let's see...you either ALL get rich and agree to get out at the exact same price (ya, right)....or you ALL go broke and capitulate at the same exact price.
Brotherhood mentality is what makes pro traders salivate. They feast on that kind of "hear comes the truck, but I'm not moving" mentality.
Woogerbear, you are going to get HAMMERED if that is your stock owning/trading philosophy.
elliot....I really feel for many...
here on this board.
I don't know anyone in theirs stockmarket development who has not gone through something like this.
The only thing that matters is how you apply the mistakes and learnings from this.
C1
dlethe01....answer me this....
Why would you want me to go away when I am one of the VERY FEW people who has posted consistantly accurate, temporate, logical, unemotional, money saving information backed by facts and experience?
Free stock boards almost never get those type of players.
And you want even one less?
Nice move!
dlethe01.....I am largly here
(I have said this before, pal) for the people who do want to listen (and there are a few) to help them understand what is truly needed in your arsonal to be successful in the market.
News Flash: it's a lot more than the ever loved "DD" where you find someone elses information that was posted days ago...which means it was thought about weeks ago and means smart money already knows about it that far back.
If you spent ANY time reading my past posts you will see that I have said this in meany forms, many times.
I know you don't like my brash style, but who cares about style points when the person typing it is CORRECT with helpful info that can PROTECT YOUR money. Yah, I know that also just pissed you off.
Answer for that, delethe01?
C1
Doc....please listen to this......
It's time to get your focus off of TS (that goes for everyone). I have made many posts as to the true motives of stock market publishers.
The REAL ISSUE for you is this: You need to take the next step in educating yourself on the market so you can make INDEPENDENT discussions on what YOU should do with you money, and why, and knowing what to see so you can protect it when things don't go well. IT IS THERE FOR YOU TO SEE WITH THE RIGHT STOCK EDUCATION.
If you don't do that, you will be susceptible to the next sizzling temptation served up by someone who has money to gain by gaining your interest and money.
Please let this soak in and get off this board and go to stockcharts, read some books and learn all you can because you won't learn what you need to know here. TRUST ME!!!!
If you want to stay here for cyber friends, so be it, but don't expect any FREE stock board to be a place of critical wealth gaining information. That is NOT a knock on the members here....but it is just reality.
Chartist1
alwayswright....I Would always....
Buy breakouts above resistance and NEVER buy bottoms because(as I have said before here) you don't know how deep the water is.
I CAN'T BELIEVE WHAT I AM READING....
"Been waiting to get in NEOM at this range for years" ?!?!?!?!
"Doubling Down" ...catch a falling knife
"Averaging Down" ...catch a falling knife
and the best.....TS is responsible for EVERYTHING good and bad on NEOM....I am waiting for someone to say he dresses management in the morning and chooses their ties.
NEWS FLASH! Stocks behave based on thier prospects for growth or failure. Not because the pied piper is pulling his flute from his case and warming up.
It seems that denial runs right until the light switch goes out here.
I tried. For months I tried to be the voice of reason. Now you know the pitfalls of being blindly "Long and Strong".
Good luck.
C1
TECHNICAL UPDATE:
Many good things to report here:
1)Chaiken Money Flow rocketing much higher on the daily chart
2)50dma is turning up for the 1st time since April
3)Volume is coming in on the breakout above resistance
4)Broke free and clear of the downtrend-line and the 50dma that had been a ceiling on price since May
5)MACD soundly swinging positive on the weekly chart (big event)
We now have horizontal resistance at today's high (this is the congestion area of the July and Aug. highs and the May and June Lows)....line can be drawn through many common points from all these mentioned areas...hence "congestion" area.
What to look for tomorrow:
a) A gap up and close in the red would be bad news and a likely short term high would be put in
b) an open lower and close lower, BUT higher than yesterday's low could be healthy as this is called an "inside day"...body of the candle is fully inside the body of the prior days candle and this is often a good consolidation period after a good run
c)A run higher with strong close would really sound the bullish alarm as horizontal resistance would be broken and a run all the way to the 200dma at.0078 would not be out of the question.
All things are looking very healthy at this point....very different than prior spikes.....why? we have built a very firm base (unlike prior lows)at .004 that will act as very strong support for this rise and the other indicators I mentioned above are stronger than at any time since either April or May of this year.
Chartist1
Stockcharts is a MUST!
I have been a paid subscriber for 7 years and have a very complete understanding of Technical Analysis in part because of 1000's of hours I have spent (I don't exaggerate) tearing apart chart patterns etc....
There are many, many tools on that site. I use the Daily, weekly, monthly and even the 5, 15 and 30-minute chart views all the time.
There is also an area to help you completely understand Japanese Candlesticks and Candlestick patterns (critical to know this COLD) and many, many other indicators, RSI, MACD, Slow and Fast Stochastics, Chaiken Money Flow, Fib Retracement tools, moving averages, up & down volume and much, much more.
Truthfully it is a MUST.
C1
stock analyzer....
what's your point with the "Hmmmm"?
TECHINICAL UPDATE: (Part II)
Very important - The MACD on the WEEKLY chart has crossed over and is now positive for the first time since April. This is potentialy a very big development from a purely technical standpoint, BECAUSE, many traders DO trade on a technical basis so we might see some of them come in off the sidelines next week as technical bells ring on GZFX. That can create some momentum that could force short covering and we "could" see an explosive rise off this floor.
Just play what you see.....not what you want to see.
Good weekend to all...
C1
TECHNICAL UPDATE:
1)Chaiken Money Flow soared strongly positive again to close out the week.
2)Price holding firmly above the 50dma
3)50dma just starting to move up - - 1st time since May
4)Price ripped through the Upper Bollinger Band on the today's gap-up and as of the Friday close is fully outside the upper band. We will either have a retracement back into band (likely), or the band will try to catch-up with price if it continues it's assent on Monday.
5)Of importance - price is very, very close to being in the clear by moving above any downtrend line that can be drawn from the March spike high on down to the floor at .004. A clean break above this resistance line would likely get Technical Traders to jump in and force shorts to cover.
We will just have to see what Monday brings.
C1
TECHNICAL UPDATE:
Today’s action was a nice change of pace considering every prior spike high had been met with selling or gap up black candles the following day.
Of importance -- GZFX is above the 50dma on a closing basis for the first time since April of this year. Price is currently banging away at the upper Bollinger band on the daily chart. It will be interesting to see how that fight goes. The Chaiken Money Flow is still negative but trying to reverse back up again.
I like the complex rounded bottom/floor that GZFX is trying to put in at .004 cents. A continuation move tomorrow would really be very encouraging and could signal the very beginning of a trend change. Still a ways to go here...
C1
LmCliff...
You just earned yourself an iggy.
cagle10..no problem.....
I get responses like yours from free chatrooms and it's no big deal.
The only thing that matters is $$$ performance. That's it.
LmCliff.....
Tell me something I don't know. Gee? News moves stocks.
Yes you "can catch lightning in a bottle" that way but you can also (as many here have) keep "hoping" as price slides lower and lower and make the classic rookie move of averaging down which only accelerates losses while fishing for a falling knife bottom.
C1
Chaiken Money Flow Update.....
Did not hold positive today as I had hoped. It's very simple for me. I entered at about .0042 and will hold unless the floor at .004 breaks down on a closing basis....then I will sell for almost no loss. For me it's not about guessing or predicting (never understood the point of the prediction thing) it's about support and resistance and protecting profits and never basing ANYTHING on hope. Finally, I try to always ELIMINATE emotion from the equation (when trading)....hey, I'm not made of stone.
Chartist1
*ALERT* GZFX Chaiken Money Flow....
went positive today for the 1st time since March of this year. The CMF has been climbing for several months in a steady pattern and is now positive.
I know some here work their charts on faster settings, but my settings have done me very well for a long time. Over longer time periods I like to have smoother settings that avoid premature readings.
While this does not confirm anything it is noteworthy that accumulation might be happening even as price drifts lower.
Just thought I would pass this along.
Good luck all!
Chartist1
It's posts like that.....
that put everything into perspective.
While I can't say I know who this person was.....the response from the family speaks volumes about the man.
Very, very, very, very sad.
Chartist1
OT: Be thankful for what you have....
This was just now posted on the GZFX board.
Very sad.
Changingtmes,"aka Dennis Williams"passed away today after an automobile accident. According to state troopers he lost his brakes and was unable to correct his position on the road. His constant companion,a shih-tzu named booboo also perished in the accident. Dennis loved the penny stocks. The children, he said were going to never have to work because of his investments. He is survived by his two girls, ages 11 and 13. I only post this here because he seemed obsessed with this stock. Anytime i look, he was always talking to someone here. Thank you all for taking the time to read this. Joyce
Actually, I said......
It is about ready to TURN positive after being negative since March. He obviously uses a more sensitive setting than I do....but I am not going to go round and round on this one.
C1
xanadu....I am just reporting what I see....
It's clear as day....but I don't have time to get into a board war over it. Hope it helps you.
C1
FF - last post to you....
Your setting is different than mine. Of more importance was how childish your first response was to me. Unfortunatelly that is very typical of an "anyone can play" free chatroom.
You just earned yourself my first iggy.
C1
Frankie Fillet.....I have watched......
you antics on this board for some time now. All emotion and not much substance.
I am truly an accomplished T/A person and if you don't want to believe me it's your loss. I really don't care. IT IS NOT POSITIVE YET.....BUT IT IS VERY CLOSE TO A CROSS INTO POSITIVE TERRITORY. CHARTS DON'T LIE.
I don't spend much time here because I have better things to do.....but I thought the board would appreciate some solvant, tangable, non-emotional info.
C1
Note on Chaikin Money Flow...
The last time it turned positive on the Daily Chart was back in March....so this does have some significance.....IF it can turn positive here and stay there.
Chartist1
T/A UPDATE FOR THE BOARD...
It is important to note that the Chaikin Money Flow is about ready to turn positive on the Daily Chart of GZFX. I track the daily, weekly and monthly...and yes 5, 15, 30 minute chart etc.... as well. So, even though price has been falling the CMF has been on a steady climb. It appears the floor at 0.004 might hold so I have been accumulation shares here for the past 2 days. If it breaks below this floor, I will sell. Note: The best pros take losses....but never big ones. Why? They know exactly when and where a trade went wrong and they ACT by getting out right then. That's why I will use current support at 0.004 as my guide. No emotions....just fact.
Chartist1
OT: Jonesie....I think you just
opened the SRAM door more than the T/A door ;)
JB6...I would recommend......
Stockcharts.com You can look at charts free of charge and even make your own annotations. You can even see daily and weekly charts. For a fee you can get more detailed chart capabilities including monthly views and 1, 5, 15, 30, 60 minute views and much more.
Frankly it's must have info
They also have a section where you can learn about chart patterns and candlesticks as well as an area where chart folks have their own room where they focus on areas of the market, Major indexes and specific stocks etc....
C1
OT: Jonesie..was not trying to...
bash you on the fib stuff. Glad to see you have it in your arsenal. I have just never held any credence in a 1-candle pullback.
Hope all is well.
Regarding Fib Retrace...better news....
You are missing a potentially far more meaningful event. First let me say that I don't hold a one candle pullback as a meaningful Fib retracement. Personally I would throw that in the trash. Just my viewpoint, although Fib retracements can be valuable tools when used correctly. Stockcharts has a button that can give you the exact % retracements without having to do the calculations. Note: Stockcharts is a must...
But, I am a bit surprised that nobody noticed that NEOM has broken above the top of the downtrend line from 25 cents and is currently back testing that break as we speak. I can see it with a 5 second glance at the chart followed with confirmation by drawing the line with a quick chart annotation. If you look at the late June peak at 25-cents you can draw a steep downtrend line all the way down through the bottom of today's red candle. Now, this does not confirm anything, but it does show that NEOM has enough strength to break above the downtrend line that had been capping it since late June.
C1
EDOQ - Your welcome
I wish I had time to play golf. I used to when I was much younger (beers in the bag) hacking.
I know I did.
Yes, I shake things up without huging first. But what I type makes big money if you follow it.
I'm not here to roast marshmellows around the 2-dimential camp fire.
May I ask what type of law you practice?
c1
Andrew & Board:
You can actually PROFIT from the emotions of others:
While September 11th 2001 was a horrible event that shocked the world....me included....I made a killing in the market as a result of the natural emotions of the masses. Now I will start by saying that I am an emotional person but I have trained myself to look for opportunities and tune out my emotions ONLY when I play the market.
Here is what happened:
After the attacks on Sept. 11th the market was closed and re-opened the following Monday. It was actually somewhat stable that Monday because many bozos said they were going to buy as a show of faith. Note: Patriotism is great but throwing money down the drain is foolish. As the week progressed the market got weaker and weaker. On Friday the market collapsed as futures prior to the open were max down on the Comp and the Dow went -200 in about 6 minutes. I was watching about 60 stocks on my Market Trader screen during this time and I saw the following: Huge flickering (high volume) on my screen on all the stocks I track but price was no longer falling. Instead there was churning and churning and all the stocks slowly started to rise even as volume picked-up. What was happening? Smart money was coming in to pick up the panic sells. At that point I bought about 15 Big Cap Sox stocks as quickly as I could: BRCM; KLAC; GNSS; NVDA; MRVL etc....why?
Friday morning saw a capitulation bottom at the open because everyone called their broker on Thursday and said get me out at the Friday open "I can't take any more" and "I don't want to be in over the weekend when something else might happen". But, I was buying and buying all I could......but I had a clear, rational, non emotional reason to buy.....AND I was completely out to that point so I did not have to fight emotions of a crashing market.
This is how you need to be to be very, very successful in the market.
C1
Why my average buy on NEOM was 13.6 cents.....
I saw a meaningful breakout above resistance on high volume. I waited till the end of that day and I bought all my shares over the next 2 ½ trading days (confirmation of the breakout) with confidence because I KNEW what I was doing. I did not need to ask anyone else because I was trained with the tools that gave me my answer already. In short: I was very patient; I saw the opportunity; I acted quickly and decisively.....and there was NOTHING emotional about it. There are many other indicators that give clues as well, but for that particular trade....that was all that was needed.
This will bother some but "DD" while lauded in this room is not the key to $$$ performance. Frankly you are posting something that someone else has already researched and written which means is was general information days if not weeks before it made it to the internet. It is somewhat helpful for confirmation that you are not nuts with the stock you chose, but it is way down the list. But, most folks have that as their primary tool to invest so they go at it full boar and are applauded for it. Anybody mad yet?
C1
Andrew138....you have taken the 1st step
To invest properly you need to go AGAINST natural emotional tendancies in almost all cases.