I think I found the video:

Excellent! Thank you :)

Yes, you should change to the 60 minute chart to see what we're talking about. Pharaoh already posted it and circled some important indications.

Secondly, even if you just look at the daily chart it gives you clues about a reversal. For example:

1. The candle on Friday showed indecision. When a candle like that forms after a strong trend, it can often mark a reversal.

2. The candle has a longer bottom tail AND bounced off the 25 MA. Another good sign that resistance there may hold and cause a reversal.

3. The Stochastic indicator just curled up and crossed

4. The RSI line also started to curl

5. If you look at the Accumulation/Distribution line, you'll see that it reversed and spiked up on Friday.


Now, having said all of that the full CEO interview is tomorrow morning. If real news is made, that could either strengthen the reversal or stop it from happening. But just based on the chart, it looks like a bounce up is about to occur over the next few days.

GLTY!

Ah, I see. Carry on then ;)

Not sure why his reply was so pointedly blunt, but he's right. The 60 minute chart shows a more detailed picture of what's going on. For example, it will show why Friday's candle was a Doji for Freddie and almost a Doji for Fannie.

Each level you go down (60/30/15/etc) will show you more detail, and a more up-to-date view of what's happening. But with more detail, comes more chaos. So we often look at the daily chart for the same reason people look at moving averages. Because they give a smoother high-level view of things. However, when you want to pinpoint when a reversal will happen or get a better understanding of how things are shaping up, looking at the smaller time frame charts can give you that.

GLTA!

I have a couple of follow up questions to steven's question:

1. Does having a margin account also remove the 3 day settlement restriction for OTC/Pink trades? I know that most brokers consider penny stocks to be non-marginable. However, if I restrict myself to trading within my account balance, will the margin account cover my settlement period and allow me to both buy and sell another OTC stock before the 3 day settlement is over?

2. With a margin account with less than 25k, are only trades that are both bought and sold in the same day counted towards the 3 day-trade limit? For example, lets say I do this:

Monday: Purchase stock A
Tuesday: Purchase stock B, C, and D and sell them all the same day.
Wednesday: Purchase stock D
Thursday: Sell stock D
Friday: Sell stock A

Would that be ok? And if so, when is the next time I could make a same-day buy/sell? Would it be the following Tuesday?

3. If you have a margin account above 25k and get the "Pattern day trader" status, are there no more restrictions? Or does that have its own set of rules?

FLPC - Just hit the 50 MA

Also, the RSI is only at 48 and the MACD/PPO looks like they want to cross the zero line.

As an added bonus, FLPC has posted news each Monday, in the afternoon, for the past few weeks. If that trend continues this Monday, it could really set it off.

Nice board BTW!

Don't listen to him. He doesn't know what he's talking about. He probably can't even really break through a wall. His advice on the chart is as fake as this video:

Nice close! Looks like we may be rounding the corner here.

Have a great weekend everyone! BMSN

Great news! Thanks for the update.

All in all, not a bad day. Lots of volume traded now in the .006~.009 range and a solid close above the 50 MA. Should set us up well for another leg up next week!

Have a good weekend everyone! FLPC

Yup, the falling days were annoying, but I actually don't mind chilling here in the 3s. Gives me some time to add more cheap shares. Eventually we'll get some news and start moving back up.

All in good time...BMSN

Oops, good catch. I meant FLPC! :)

Great day guys! I like how FLCP is rising up steadily, building a nice base at each move up. And the chart looks ridiculously primed for a huge run over the next week(s)!

But even more exciting than the chart is the news. With the water removal approved and more news on the way, it sounds like we could be operational soon! FLCP looks primed to be a long-running MONSTER play!

Go FLCP!

Yup, with big news in, more news to come, and a chart with tons of room to run, FLPC is gonna be a MONSTER!

Go FLPC!

This lower-sideways churn has taken longer than I thought it would. But it looks like it's finally coming to a head. In the next couple days (maybe today?), I predict a break out will occur.

My guess is that first we'll dip down a bit to shake people out, and then move up to new heights. Question is, do we test .95 again and bounce there? Or do we break past it?

Added some more today.

Love the chart!
Love the SS!
Love that news is on the way!

This thing looks like it's gonna go bananas!

FLPC

17 million buy and 43 million sell back to back. Weird...

Maybe MMs settling up or something?

A couple things. First, the dilution is over. People have been calling the TA daily to confirm that. Second, stop trying to pimp ENT* here. That company hasn't produced news in a long time. Regen Biopharma is the new direction of BMSN.

GLTA! BMSN

Well said. It really is a clever business plan, isn't it? Lots of bang-for-the buck potential. That's what drew me to BMSN.

I really do think that over the next few years we're going to start seeing a big transition away from taking pills that mask our problems, and into therapies like stem cells and gene therapy that actually fix our problems. Over the next several years, I plan to go long with several companies involved in this doing that. And BMSN seems like a great company to get started with. I figure some long term gains here could help fund even longer term gains across the sector.

While the recent activity has been tedious, whenever I think about the long term potential of where we're headed I feel centered and optimistic about it!

GLTA! BMSN

The only thing the after hours T-trades ever mean is that some two-bit MM has a broken dial-up connection and is faxing in the day's orders instead, or perhaps sending them by carrier pigeon. There are no after-hours trades on the OTC. Those "after hours" posts are just a bundle of trades that happened earlier in the day.

Here's a fun video:

Yeah, I hear ya. Honestly, I don't have anything against promos per se. And I think the Friday promo would've worked out just fine and brought us up to at least .008, if not over .01. The day-trade pitch is kind of scammy, to be sure, but even if there had been a bunch of flipping while moving up I think it still would've worked out fine. It was the whale sale that sunk us.

At any rate, I doubt the company is aware of those nuances. My point was just that since it back-fired on them, I doubt they'll try it again soon. And certainly not with the same people.

I'm actually surprised how well we held up today. With all of the doom and gloom talk recently, it wouldn't have surprised me if we had dropped down today. I think that us holding our ground here today says something.

The post Stoney linked to was from last Thurs about the promo last Friday. Given how that went down, I doubt we'll see a promo anytime soon ;)

That too! I heard that VNDM and VFIN are moon people. That's why they're able to moonwalk the prices down.

Yup, pretty much. I've come to realize that the sentiment on this board is a bit bipolar. It's either to the moon! Or, the sky is falling!

I also think too little attention has been placed on the cancer treatment so far. Cancer is huge money and a next-gen treatment for it could be extremely lucrative. I think once news for that starts cooking people will go from completely ignoring it to going bananas about it.

All in due time...BMSN

Yeah, the chart looks great! Nice close above the 50 MA and the 100 MA is way up there at .0125. And it sounds like more news is coming this week!

Go FLPC!

I picked up a starter position today.

Heard there were some mimes here. Or, maybe it's mines. Ah, who cares. Just slap that ask!

A shell company, with $600 to their name, and no solid deals in the works? And even if they had sales, the market cap is $75m to import wigs? And their filing says investing is highly speculative and risky.

This is what they've been hyping up for weeks? LOL! Pass...

Nice post!

There have also been some nice posts from other longs who also seem to get it. People who can read charts, understand how business works, understand how dealing with the FDA isn't as simple as signing up for a Sam's Club card, and have a clear focus on where this company is headed to.

Honestly, at this point I almost hope the stock does break resistance levels. I'd like to load up on as many cheap shares as I can before the train leaves the station. Because inevitably substantial events will begin to take place. I assume we'll get news when they:

- Acquire the Min patent
- Put studies for that up for peer review
- File the IND application for it
- Receive the FDA response for Hemaxellerate
- Address those issues and get that approved
- As well as news about trial preparations, etc

So I say bring on the doom and gloom! Buy me some time so I can accumulate down here. I promise I'll welcome you back with open arms when we start movin' on up again ;)

GLTA! BMSN

Google has ~330 million shares and Apple has almost a billion. Apples and oranges, I know. But just sayin...

Yup, as long as the company carries out it's plan, this stock should easily be at 10x ~ 50x the current price in a year or two. The day-to-day lately sucks. But, on the bright side, it also gives us more opportunity to accumulate at these low prices. And when I think of the returns in a year or two, that helps keep me sane ;)

GLTA. BMSN

For the people who missed it over the weekend, I wrote up some detailed analysis of why we went down on Friday, when we should've gone up.

You can read about it here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86533218

And some further details here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86556751

Vandervecken1 called and confirmed today. There's no further dilution. Today was left over uncertainty and fear from last Friday. This caused panic selling that day-traders played on to flip this over and over and over today.

There's no need for conspiracy theories. What's happened over the past couple days is completely logical. Where we go from here is up to all of us...

There was WAY too much hysteria in here today! The dilution is over, the sky is not falling, and there's no govt plot to get ya. We should've gone up Friday and I explained precisely why we didn't over the weekend. Yes, the MMs put up walls, but those walls will move up or go away when there's enough buying.

Here's how today worked. Day-traders had a field day with the fear. 34 to 37 over and over again for 10% flips. Pro tip: When the price starts rising DON'T sell off into the bid. Hold while we move up, or AT LEAST sit firm at the new ask price.

GLTA. BMSN

I understand that sometimes promoters get paid in stocks, and I assume they always dump them. However, there were a number of promoters and stock groups touting this last Friday. And someone posted the fine print of one or two of those and it sounded like they received $500, or maybe a few thousand for their promotion.

This whale purchase and sell-off was operating with a completely different class of money. The 30 million shares purchased at .0038, means a purchase price of $114k. Whether this purchase was made by one of the promoters, who knew news was coming, or just by someone who was ready to bet big on a penny stock chart play is immaterial. The main take-away for me is that this was clearly outside money. No promoter gets paid $100k+ to promote a stock. And since those buy numbers line up almost exactly with the sell volume on open Friday, I think it's a reasonable guess to say that's the same entity.

As for the V twins, yeah I was watching L2 on and off most of the day. And that does seem to be the way they operate. If X number of shares get purchased within a certain time period, they move up. If the sales are too slow or not enough, the stay put. If they're forced to move up enough, the other V jumps in. And if it continues to happen I think they finally give up and retreat to much higher prices.

On the one hand, yes people may have held off on buying more because the price wasn't moving. But on the other, the reason the price wasn't moving was because there wasn't enough volume. And with good reason. With normal "sell on news" or promotional dumps, we would've rebounded and then more people would've jumped in. And you can see on the intraday chart a rebound was attempted from ~9:45~10:00 am. But because that volume paled in comparison to the large sale it didn't push back hard enough. And so by 10:15 some people got cold feet and bailed, causing us to slide down to .0047. From the high at open, that's around a 25% drop. And that set the tone for the day. Anyone waiting on the sidelines probably turned their attention elsewhere and everyone else was in a pensive wait-and-see state.

So yeah, the MMs held it down most of the day. But I think that may have just been a side effect from everything else.

My hope is that understanding what happened will help us stave off some of the bad taste that was left in everyone's mouth from Friday. But that will only happen if the word gets out. We shall see...

GLTA! BMSN

I'm pretty sure I figured out what happened on Friday. Here's the post I put up yesterday:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86533218

Spread the word! GLTA! BMSN

Friday: Mystery Solved!

If anyone can poke holes, or add to my theory, please do. But I think I've figured out exactly what happened on Friday.

The short version
A single whale did a big $ flip and rained on our parade.

Here's some pictures showing what happened. Read below for a more in-depth analysis.



How did it go down?

Simple! Technical analysis was used to find a strong resistance point on the chart (200 MA) and ~30 million shares were gobbled up there in 2 minutes on March 26th, which started our bounce. Then just wait for some news to drop and put a sell order in for the next day on the open.

That dumping at the beginning of the day caused a tailspin of chaos in the market. Would more dumping occur? Nobody knew. Also, I think it short-circuited the MM algorithms. To them, it seemed like the market didn't want the price that high. So, they kept it down, not realizing it was an anomaly. And because of market uncertainty, there wasn't a big volume counter push to overcome that.

The bad news

Friday sucked! There's no two ways around it. And in understanding what happened, I feel bad for Koos and the company. It seemed like he tried to lay out a very transparent game plan to show the progress they are making and hired some promoters to get the word out. I assume everyone involved was feeling very optimistic about the day, and this event spoiled all of that carefully orchestrated work.

The good news

It seems pretty clear to me that this was an outside job. This had nothing to do with the fundamentals or direction of the company. It was a pure chart play.

The way I see it, the company, the promoters, and the market all went into the day feeling good about the news and the direction of the company! All of those shares being bought on the open tells me that. So I believe that once we are able to wash the stench of Friday off, we should correct course and head back up to a proper valuation. And I believe that is WELL above a penny at this point.

Moving forward

Unless someone can find fault in my analysis here, we should try to get the word out. The quicker the market realizes that this was a one-off speed bump, the quicker confidence will return and we can move on up.

Also, this reminds me of the old adage "Be careful what you wish for". This company is going places and everyone wants cheap shares. Well, guess what? The shares are cheap right now! Don't play games with the chart, or it'll play games with you.

I must say that I feel much better now that I understand what happened. And I hope you all do to! They can't keep us down forever. We will move up!

GLTA! Long and strong! BMSN

I'm with ya on the cancer IND and trials thing. I also thought that sounded a bit optimistic, given their current situation. My guess is that either they feel like they've learned from this IND submission or that they intend to submit the IND for cancer early Q4 and start trials late Q4. Or something...

I wouldn't be surprised if that takes longer. But I'm also excited about the cancer stuff. We don't tend to talk about it much, but the cancer treatment market is HUGE, and should add a lot of value once they get that going!