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That was to pay for my commissions on my 5 buys. Etrade charges me $9.99 a pop.
100,000
One little sell dropped this to .036
Let a few people make a few little bid whacks and it will hit .02's until someone buys 100 shares at the ask to paint a Friday candle.
It may run like you say, but who wants to be down 50% in the meantime? I bought in right about here, and made the mistake of buying more as the volume was drying up.
I'm trying to sell as hard as I can at the ask, but no one is buying. I can't wait to get out of this crap before it trades in the .02's
Regardless of where this is going and being "undervalued" the bid support is very scary.
Holy crap! 836,000 block on bid support!
Unfortunately, I think you're right. It will probably fill today even though I'll probably throw up if it does. I think there will be another speculative push on Monday and Tuesday. If the 8K is filed in time as alleged, I think we'll see it after hours on Monday, just like the PR on Wednesday.
I really thought the PR was going to push it into the .04's with support in the high .03's with a slow gradual increase to the .05's through next week. Oops.
How difficult is it to warn that a penny stock that gapped up on thursday would fall in price on a Friday? That's easy. The whole reason a lot of people buy penny stocks is in the hopes of a 5 or 10 bagged over a short time frame.
There's really nothing else to talk about. Everything has already been discussed at this point. Now we're just hoping some fresh money comes in today.
I'd like to see another gang of flippers come in here and have another 10 million volume day, that's good for business.
They have 4 business days to file the 8K, why does everyone think it's coming out tomorrow??? That's about as absurd as the "Friday afternoon PR on July 4th weekend" claims that some were making.
sure has been quiet around here. when are we expecting to hear something from ISML???
holy cow, look at that support that ETMM has at .0289
i've been changing my support order around trying to find the sweet spot, and it looks like there's $10,000 (355,000 share bid support just with ETMM) supporting us at .0289
as i was typing this, ETMM jumped on the bid at 184,000 shares. i wonder if it's the same person, or another investor who wants it to stay above .03???
edited message***
looks like etrade has it locked up. buying at .03 and selling at .031 the only way to stop this loop is to buy all the .031's and step the bid above etrade's. looks like it's gonna churn here for a bit.
unfortunately, no. i sat on the bid at .0301 because i thought .03 was going to be strong support. i tried getting another 25,000 at .0252 when she stalled at that .026 level, but no luck.
i think i'm gonna sit on this one for July and see what she does. i'd really like to see .03 sit strong on the bid before lunch, but people want their money and keep undercutting the ask.
how did you get a .15 valuation on the pps? is that just because you want it to be that?
are you saying that when the 8K is officially filed the PPS will gap up to .15??? that seems a little optimistic to me, but here's hoping to a .04 close today.
here comes the big sell-off. once that .027 breaks, it's all the way down to .02 again. at which time i will be buying more to ride back up to .03ish
anyone else see this .027 breaking in the next 5 minutes?
it's not looking good for anyone who bought in the .03 range (short term). probably gonna have to hold through a drawdown to the mid .02's again i think.
i think this .032-.033 level is going to take some time to get through today and then i think we can close around .04ish.
i originally though it was going to gap to .035 and hit a high of .04ish, but it looks like i missed that target a little.
but for sure, this .032-.033 level is the first short term resistance we need to eat through.
300,000 share buy at the ask, here we go again. hopefully it will push past that .033 top that we hit.
nice. ABC store isn't open yet lol.
ouch, now there's no bid support above .0205
i'm getting a little scared here.
yeah, unfortunately, i'm gonna be crying, trying to chase this, but i do think it's going to be a good one. i originally bought it based on the expectation that the 8K was going to be filed last week, or tuesday (possibly even AH on tuesday). i sold when it started falling, and BLAMMO i got smacked in the face at 4:53 PM.
what? i think you might be confused about what that statement means.
I hate that I sold this morning before the sell-off, but according to my pre-determined plan, it was the right decision.
I will be chasing and buying at the ask on the gap-up.
Unfortunately, I disagree with many people's predictions and think it will gap-up to .035 and run up to a HOD between .045 and .05 then gradually fade down to close around the open of the day.
I'll be buying shares at the open for the trade up to .045 for a very small profit to make up my losses on my early departure this morning.
i'm glad this is paying off for all the long holders here.
unfortunately, i sold at a small loss rather than holding the 15% loss today. i'm the person that's going to be crying while y'all are all laughing all the way to the bank. dang it!
y'all were right, and i was wrong. i'll be watching and rooting for everyone tomorrow morning. if it doesn't gap up too much, i'll jump back in at the ask.
i'm a realist too. i dropped out of this early this morning above .023
it sure is nice to see a big 40,000 share buy at the ask at the end of the day.
.025's could be gone soon -- again.
that's not a new development is it? it's been like that for a while, right?
does anyone use tradestation to buy and sell pennies?
holy christ that's a lot of books. have you read them all???
thanks for posting this link and for putting them there for us to read.
i read this one along with many others, and that's a great book for beginning habits. Also, Alan Northcott writes a great book on candlestick charting that's good for beginners.
I just finished "Trend Trading for a Living" by Dr. Carr and that was pretty good too. what i really liked about this one is that he gives you scanner criteria and tells you how to set up your screener to find stocks that match his strategy. obviously its up to the reader tweak the screens and make them your own.
did you get some good reviews on this ebook? i'd be interested to see the reviews.
the Level 2 looks really scary if there's any kind of selling at .043 -- there's no support currently under .0205 until it hits .0042
hopefully something substantial hits the market soon.
you still think this is a "shake"???
FBCD blew through the .0235 support like it wasn't even there this morning. the next real level of support is at .019, and then it looks like it gets really scary.
there were two big sells at .024 this morning, one of 90,000 and then another of 94,000.
here comes the big panic sell-off under .02
I'm out. can't take any more of this gradual decline. i hit my threshold and have to take a loss on this one. i should have been out last week at the high .02's
good luck to everyone, i hope that 8k comes out soon before this drops below .015.
there's 185,000 share support at .0238
Higher than average volume today, that's a nice thing to see.
Where did all this wal-Mart talk come from??? The company has never mentioned wal mart or anything similar.
On Fridays after the close they let everyone take advantage of the paid subscription benefits.
looks like we may have lost our momentum before lunch. hopefully people get back after their friday lunches and decide they want in.
oops, etrade level 2 was screwing up