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I took a 35% profit from yesterday's entry so I'm happy :)
I'll continue to watch for a pullback (which I think is coming soon imo) and then I'll re-enter. GLTA
Clay, care to do a quick chart for TNCC? Moving on heavy volume, 2nd day after initial resistance break of the 50MA (.10)
.278 paint on 300 shares was me.
.26 has some strong support and if this stock breaks through .29 and .30, we will run quickly to .4 I think.
There was heavy support and resistance all day in the channel we were in. All this stock needs a bit of a spark for the next leg.
.038 was supported heavily and .041/.042 was strong resistance. You'd be hard-pressed to find something higher or lower until a breakout either way (unless MMs do their typical first 5 minutes shake/pop, which regresses back into the channel anyways).
I'm glad to hear that more are loading the boat here. The volume looks like perfect accumulation and the next leg should be explosive.
The company has a recent propensity to file an 8k between 17:00 and 17:30 (5pm and 5:30pm EST)
We're basically in that window now. I expect an 8k will appear this week, so I'm on watch for one 24/7 :)
If you see the wall dropping at .042, you should help take it down to facilitate that run. I'm trying to free up liquidity for this purpose as well!
Anyone got $50,000 to slap the ask? LOL
Something interesting to note:
looking at the 15min chart for the past 7 days, I see a pattern. We made the run to .03, then we consolidated for a few days before the next run to .05+. Then after the sell-off, we've now consolidated for 3 days. Looks to me like the next leg is coming shortly. I don't like the incessant pumping when it's obv on L2 that nothing is happening but I think something is happening soon so be on watch :)
We could see EOD buying pick up based on this trading pattern, but don't quote me on this. Fingers crossed!
The bid build is insignificant until we push through AUTO's huge (partially hidden) ask. We will trade in this channel (.039-.041) until someone takes out that ask or the MMs decide a shake is in order.
Yes I agree, but someone could also load up big in the afternoon before a potential 8k filing. That would also propel us out of this channel that we're currently trading in.
More than likely, we will see news or new information very soon.
AUTO is going to keep downticking on larger bid/ask spreads until the large block becomes the focal point of the attack. AUTO also has another 500k behind the 250k block on L2, so it's going to be tough to move it. If AUTO is taken down, we have a huge support block behind us and it engages the next leg of the chart imo.
That theory went out the window when they issued their entire A/S to raise capital and remove liabilities. He would have to amend his theory to .05, based on the new O/S.
It's more likely that ATRN functions without kazaa, produces a net gain and equity for its shareholders and spikes to .5 (coming back to a trading channel around .25)
What's positive is that ATRN is shedding the dead weight from their bottomline, re-organizing their businesses to maximize revenue and as a result, THAT is what helps us. Their plan to re-list on NASDAQ is a long ways away - play the chart as it stands now and worry about that when news comes out about it.
We will see at least one 8k this week. Maybe an 8k and a PR. We're also set up for the 3rd run nicely. It should take us to .06 or .08. If the news is powerful, we could break for .25 (there's not real threat past .08 imo).
Open .038, run to .044, stall, consolidate, push through .044 to .05, end .05 EOD.
Someone didn't get in on the big dip to .033 yesterday and wants to plant the seed of another major shake so he can get in low :)
just slap the ask and help the stock run to .06...
Throw bid support on .04 if you want to stay above 4 imo
That's not an mp4 - how do we know you actually called?
Wait, next you'll say that the quote you just posted means the TA is gagged. LOL!
Anyone can "call" a transfer agent. Record your conversation with them and post the mp4 on the internet for everyone to hear. Otherwise, do your DD and don't take any external advice from those on both the pump and dump side of things. I'm comfortable with my position, so I can sit back and laugh at this ridiculous behavior.
The chart is struggling in 2 key areas:
.04 (38.1% Fibonacci retrace)
.0435 (50% Fibonacci retrace)
If we can eclipse these two numbers, it would put us back in a solid uptrend on the chart and help spur a strong finish EOD IMO. There's a reason why the MMs are lining up huge asks at these intervals - they want the consolidation to continue through the weekend to grab as many cheap shares under .04 as possible before the next run. Do the chart a favor and slap the ask at these intervals to break down the walls!
Will you be providing a chart over the weekend for things to watch next week or will you be charting when this breaks above .06? :)
I'm watching plenty of green slapping .04 and a huge bid behind it creeping up between NITE and CTSI :)
We're about to re-cross .042 imo. Looks like AUTO may try to cut us off at the pass on ask side though
I think you'll see the huge cover when we eclipse .06. That's a major wall on the long-term chart and long-term shorts will want to be covered by then. After .06, we will rise quickly to the smaller thresholds, but momentum will have to carry us up to .06 in order for us to see short coverings en masse. JMO
AUTO will be hard to push off .044
AUTO flashed a 1mil ask at .044 on my L2 earlier. It will be an effort to suck up shares below this level before the next break. We will need some momentum to take it out - I'm not sure that we will see above .044 today but if we do, it will be EOD buying that surges this upwards to .05
Well to be honest, I saw the setup on L2 and sold my position to flip for more shares at a lower position. I also added more to that increased position with additional funding. I'm taking profits on shakes and re-investing into my position :)
This could be the final major shake before we push through .06 everyone...then whatever highs we would achieve on top of that would be consolidated back to .06 and then we would move forward after that on the bluesky breakout.
This is trading perfectly IMO. Check the 15min, 30min, 60min charts. Chart looks ridiculously good for the next push either late today or early next week.
Clay, you were exactly right on the shake. We will test .03 today and then head north EOD, IMO. Based on the consolidation these last few days, a run to .06 is likely early next week.
Be patient on this shake. We need to test .03. We will pass this test and head north again. People will buy EOD to hold over the weekend because news could be filed AH or before the bell Tuesday.
I added at .035 as well EOM
Honestly, Kazaa is a win-win for us.
If ATRN still retains some ownership of it (which according to my DD is unlikely), they can sell it outright to BD and pay off their notes entirely (most likely). This would lead to a higher PPS value due to lower liabilities and more stockholder equity.
If ATRN doesn't have any ownership in Kazaa anymore, it will be getting rid of a negative profit company. As such, they will have a better bottomline and a high PPS value as a result.
Higher PPS regardless of avenue, so it's a moot point.
WOW COIN GOING CRAZY!
Under .15 looks to be a deal here. Based on positive revs and insider buying, we could be trading higher than this base. Combined with low float, this is a great play imo!
What we need is some ask slapping imo!
I've got 11k locked up here. If the float is only 1 million, it's easy to lock this float up. I'm holding for much higher. GLTA!
PS: Good call Blue!
Final post from me today:
This doji clearly signals a pause in the chart before the next uptrend. As Dr. Penny suggested (and I agree), the chart still has IMMENSE room to grow and even with the addition of 93M share since last quarter, this stock still has a strong valuation. If we simply treat the stock as status-quo and include dilution, I would predict a .15 valuation for this stock. But since the company is making every indication that it is paying off debt and restructuring to become profitable (net gain), I foresee a higher valuation. .25 is not out of the question if we get appropriate news. This is officially a mid-term play with long-term capabilities. I will be adding here when I free up more liquidity - I won't be caught outside of another run again :)
GLTA
Infinity, I'm not a paid subscriber so I can't answer PMs. IMO:
HDSI is a stock I wouldn't play. Too illiquid, don't really know it.
SRSR is another story. I played this stock back in 2009 before the .20 spike on the report publishing. The current chart looks like a descending triangle is forming but SRSR is a long-term trade. I've always believed in the stock, but I've never had enough liquidity to hold it long-term and wait for Scott Keevil to increase stockholder equity 10x. I think he can do it, but it's a long-term project and thus, you'll be channel trading for quite some time. I would say add as much as you can .023-.026 and just wait for news/the spinout. If I can ever gain enough serious liquidity, I'll be doing this same thing. Anything under a .023 break and you should probably sell because all major support in the chart over an 18-24 month period will be wiped out.
GLTU
30min or 1hr until heavy buying resumes. IMO
ATRN nHOD EOM
If we break .06 before power hour, we could see .1 by EOD. And I'm not just saying that to pump this stock...I think a lot of people are waiting for the .06 break and a blue-sky breakout. This is REALLY close to popping off. Just think of the PPS if ATRN comes out with more news that relates to debt payoffs or revenue projections. People will freak this out to .25.
ATRN looks good folks. There will be a huge wall at .06. If we break that, we won't see sub-nickel again IMO. Then we will test smaller resistances around .09, .15 and .18 before a HUGE wall around .25.
I'm not saying we will go that high because I don't want to jinx this. I originally had 130k shares and sold for 25% profit, but I could have made 200% profit by now so I'm kicking myself. I remain hopeful we can get to that level!
Alright, I'm back in around 5 cents. Freed up some liquidity from other plays and looking more long-term on this one. I thought the run would be slower than this but 5 cents still looks to be cheap when you consider that the market value for this company is still very large!