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I use a Fib retrace tool that displays .382, .50. .618 & .786. So when I see a professional maneuver like the takedown a minute ago, the thing to do is to use the Fib chart tool and see if they are being guided to any of these Fib levels as their apparent retrace levels.
Sure enough, the move that started on the 14th had a low of .1285 & it ended on the 24th with a high of .2965.
So I get these retrade levels off it:
.382 = .2335
.50 = .2135
.618 = .1936
.786 = .1652
So my guess is that there are some trading desks messing around with this little player and they are using Fib levels to guide them as the manipulate us.
The 61,8% appears to me to be what they targeted in this shakedown. And the volume is not impressive, so its not like they managed to stampede a host of weak hands.
Sometimes, they actually try a stunt like this just to see how much saturation there is in the "weak" hands who get spooked at the first "BOO!!!" to get uttered.
If they try it again, look for the 78.6% retrace to be the next shakeout point. In the mean time, as long as the number of weak hands is this piddling ass low, I lll buy whatever shows up on a volume bar at the bottom of a mini-wave.
Peace.
Imperial Whazoo
Easy... they are shaking the tree to get weak hands out in expectation of news upcoming. Professional tactic to get in position with chea[ shares ready to run at the first whisp of news.
IMHO.
Imperial Whazoo
It will either do a Gartley Butterfly, which means we see a leg down to the 786 pullback level (.298 m/l), or it is a symetrical C-D leg of a larger ABCD.
My guess is that it will be symetrical because Gartley's are rather rare, and if it is a symetrical C-D leg, it will go to approx .90 topside.
Basic Gartley diagrams out to .87, BTW. The 786 is about .298 in a Gartley and the 127 in it is .87, M/L.
So, IMHO, whether it does it via a symetrical ABCD or a Gartley Butterfly, I think its aiming at about .87 to .90 topside eventually.
We'll see.
Imperial Whazoo
tres bien
:o)
IW
I did not realize there were new pictures. Could somebody be kind enough to supply links to them?
TIA
Imperial Whazoo
Yes I watched it. Twice.
And it made me mad, to be honest, because you are so smart in how you do things that I knew you would be listened to. I wanted to have people consider the fact that there were too few data points. I thought that using your excellent skillset as regards technical analysis was a mistake becasue of this and that it was an accident looking for a place to happen. I wanted to give people something else to take into consideration.
I think your techniques are generally well done, but in a case like this with so few data points, people should never employ them.
Never.
Only volume imbues support and resistance with the substance of which they consist.
You can't just draw lines and call them support. There has to be something there, and in the case of MIMV, there just has never been enough volume to draw lines looking back, except for the three days in July 2012.
Support and resistance are not theoretical concepts. They reflect points at which volume happened. Volume is needed to make for meaningful support & resistance levels. Simple as that.
And let me reply to your assertion that I'm a trader, so you and I are comparing apples to oranges.
Thats not true either.
I said first support was at .4495. You said .51 was first support.
If I bought at .4495, I could have made a profit yesterday but if I bought at .51, I could not have.
And if I were accumulating for a long hold, I'd be better off at .4495 today that a person who used your first support yesterday, wouldn't I?
On top of which, if they had bought using .51, they would have been trapped yesterday afternoon, wouldn't they?
Thats the reason it matters. Using my first level of support, people at least have a chance to escape. .
So, whether I trade it for 8.888% profit, because I'm not trapped and can get out, or if I should hold it overnight, I'm still better off right now using my first level of support (.4495) instead of using yours (.51).
So I think I gave people something to consider that allowed them to not be trapped. Even if they held, they would be better off right now having used .4495 than .51, IMHO.
Now as to the matter of whether .37 is better than .3857 for the next support level, I think they are close enough to make very little real difference for a long term holder.
cheche, you are right.
I like to think of them as dead fish. Use them when they are fresh because they spoil pretty quickly and begin to stink.
Generally, that is. MIMV may have legs. We'll see.
With news like this and with volume like this, I think its possible to watch the action and daytrade it.
There has to be volume and thats the key.
If this thing goes back to being dormant like was the case prior to this week's news, there will probably a lot of bag holders pissed off. Thats what often happens.
The November release event is on the horizon. There will thus be news in the upcoming month.
So I think money can be made here.
Trade the chart carefully and use real support & resitance lines that have their basis in the volume events of the recent event.
Thats the correct approach.
Good luck to everybody, and I even hope all of you believing in support at .37 & .51 get lucky, LOL
Until volume and chart candles tell you otherwise, the 618 is at .3857, the 382 is at .4495, and the only historical support to be found is at .305
Peace.
Imperial Whazoo
Sorry, not the case.
I said the buy was at .4495, and when it hit .442 and volume came back in, I was able to buy and make 8.888% by getting in at .45 and selling EOD at .49
The FACTS, you say? Hehe!
What fact matters other than being right and making money by calling it correctly?
Anyone who used .51 and .37 yesterday was hesitant and missed the buy that I publicly called out at the time it happened yesterday.
I've been respectful but don't see that my FACTS are even close to being wrong, especially since my approach enabled the 8.888% profit that saw folks using your support level of .37 & .51 sitting on their hands, hesitating.
I called it right, Clay.
Simply a FACT, like it or not. And I was public so I could have been openly wrong. I was sure of what I was saying, took the time to repeatedly explain, and I took a stand.
I was right, and those are the facts.
Score for folks using .4495 instead of .37 yesterday:
Imperial Whazoo's .4495: up 8.88% if they sold EOD
ClayTrader .51 & .37: Missed the money making opportunity
Good luck to you.
:o)
Imperial Whazoo
With all due respect, you might just read the post I just put up and you will see that actually, my .4495 & .3857 are more precise and better to use that .51 and .37.
Your are not correct IMHO for one reason only: your historical data points, of which support consists, do not actually exist in sufficiency to warrant them being bona fide.
Use .4495 yesterday & you made money (8.8% EOD)
:o)
Use .51 and .37, and not so much
Today, use .37 and you might get tagged because its a lot closer to .3857 than .51 was to .4495, but its still the same mistake.
The traders are using Fibs based on an ABCD of:
AB - .182 to .54
BC - .54 to .4135
CD - .4135 to .717
I generally like what you have to say. But you have to admit that, minus the necessary datapoints, .37 and .51 are threadbare in a big way.
Use them if you like but not me. Too few data points to act as actual support.
Good luck though. Hope you make money using the wrong support lines, LOL
Imperial Whazoo
I thought that .51 was wrong yesterday and .4495 was right. I think .4495 should have been used for that first level of support because it was the 382.
Today, the 618, which is .3857, is what is to be watched, not .37.
Just like .51 was wrong yesterday. .37 is wrong today. Use the 618 instead and you will have a better picture of what is happening. BTW, they took it to .391 so far today.
IMHO, the support level the takedown today was aimed at was the 618, which is not .37
I think waiting for .37 will result in missing the buy. As a matter of fact, the only real historical data that is relevant is a three day volume event that ended on July 13, 2012. Those three days, there were enough data point (volume) to use the HOD that day to extrapolate the actual current support that is below the present trading level. That HOD from back in July sets support at .305
Now admittedly, .37 is a lot nearer to .the 618 today than .51 was to the 382 yesterday, so they may tag .37, but if you has used the .51 and .37 supports yesterday, you would have missed the buy yesterday, and some folks did not make this mistake yesterday (and likewise, have no intention of making a similar mistake today).
I thought and I said that the buy was when they took it to the .442 low near the open. A buy at .45, for exampple, would have allowed you to get a gain of 8.88% by having timed this thing using the right support levels.
Had you used .4495 instead of ,51 ysterday, you could have bought at .45 and sold at .49 for an 8.888% profit.
I think the same will hold true today.
JMHO, but I have traded this thing that way because I put my money where my mouth is.
Imperial Whazoo
Didn't somebody say yhat the date for that is scheduled to be Nov 6th?
Can whoever posted that yesterday, if you are watching, please confirm the info again?
TIA
Imperial Whazoo
I'm not one who is hesitant here, LOL.
I think the guys who want to hold off are just being cautious. They believe that you can derive a set of demand levels (resistance & support) from the past trading history.
Usually you can, but not with MIMV.
I think that only the last three days matter here because the last three days were the first ones where there was any kind of "Demand" for MIMV shares. And it was a demonstrated level of considerable "demand" these last three days, wasn't it? LOL.
Prior to the news three days ago, there were almost no datapoints in the past that permit the use of well known technical tools for disassembling the trading the chart describes. I mean, without volume, how can there be anything meaningful described by what happened in the past? For all intents and purposes, the trading in MIMV has never had any kind of pattern until the last three days.
Look at it this way: since the volume kicked in three days back, there are millions of shares at levels like .46 or .58 and so forth.
The number of shares held at these levels because of historical trades are so few that, in the last three days, a typical minute saw more activity than happened in an entire day, most of the time.
The presence of a lot of shareholders at the volume points on the charts that have happened the last three days defines support and resistance for us.
Support and resistance are not abstract concepts. They delineate the points at which share activity happened, and share activity means that shares are held at the points called support & resistance.
So, look left back to May and call .51 meaningful, but I consider a day with that few shares traded as all but meaningless, given that most weeks, we saw days where there was no trading at all.
It simply takes volume to define where the action is going to play.
You can look left on a chart and see where support and resistance are if you have data points. And the only place in MIMV charts where we have datapoints is the last three days.
So I used only the data points in these last three days, and I'm not the least bit hesitant.
Here's what I see
There is an ABCD on the 15 minute charts (or the 10 or the 5 or the 30 and so forth) these last 3 days.
AB is 18.2 to 54
BC is 54 to 41.35
CD is 41.35 to 71.7
To use a Fib on it, use 18.2 to 71.7 and look at the 382 retrace. And the 50% retrace. And the 618 retrace. And so forth.
I contend that, since there is no way to trade using past data points, the guys at the MMs who are trading this stock are defaulting to using this Fib splay.
Thats what I think, and I also know for a fact that, based on that, the action today was VERY, VERY tradable.
Simple as that.
You can use .51 from May 10 and call that the first level of support if you like. There was a whopping 52 K traded that day. Big deal.
If you used 51 cents today, you were in limbo when we opened up and pulled back to .442 in the first 20 minutes. And there it held.
Guess where the 50% Fib retrace was today?
.4495
What is better? Knowing that .4495 is where it needed to go to do a 50% retrace or sitting there confused because it went past 51 cents pronto, and the other support (.37, rught????) was nowhere in sight.
You want to be confused? Call .51 the meaningful price level to have an eye on. You want to watch it dance like it was scripted by you and you alone? Do what I'm describing here.
I could trade the heck out of it today by looking at .4495 and the 382 and the 50% and at the Level 2 and knmowing what the bahavior meant.
And when they tried to take it down during lunchtime in NYC, I was able to comprehend exactly what I was seeing because it made perfect sense.
Using .51 made nonsense today.
Using .4495 worked.
If you don't want to be hesitant when it does what it did today, use the right approach.
In any event, I told everyone as it happened and I was not hesitant at all.
Simple as that.
Imperial Whazoo
Well its lunch time in NYC so the predators are scouting around to see if they can take it down on low volume. Trepedatioiusly poking at the bid and walking it down on low volume to see if there are any supporters at their desks, or whether they have all simultaneously slipped out for a few minutes to get a reubin sandwich.
They are trying to do a low volume sneak attack on the previous LOD from the first half hour. Testing the 50% retrace and trying to get close enough for one of them to jump in and sell when they get away with lowering the bid and thus opening the door.
So... lets see if buyers are at their desks. They need to get below .442 on the bid and somebody will pounce on it and then they lower the bid again in quick time and we are off on another leg of the bear raid.
We'll see.
Imperial Whazoo
The pros are not able to use the past behavior on this one because there aren't enough data points so that why I think they are navigating using stuff like Fib levels.
Yesterday. I wanted to see what they were doing vizavi the C-D leg so I drew a Fib splay on that basis. Today, with it settling down volume wise, and after a stab at taking it down that failed this AM at the open, I decided to run a Fib splay off of the entire ABCD, which means I use .182 as the low end and .717 as the high.
Guess what?
Using that splay, you get a picture of it that shows them using a 382 of .5133 and the .50 retrace is at .4495.
So basicly, what the pros did this AM was thay took it as far as they could, to judge by the tail on the low bar of .442, which is pretty much spot on as far as Fib level based trading goes.
So all they could manage was a 50% Fib retrace, which means that they failed to get it to fail. And anyway, after they failed, which happened in the first 15 minute with 362,999 vol, the buyers took back control and the next 15 minutes saw it climb to about where we now sit , on a bigger vol of 517,082 bought.
To sum it up then, they tried a 15 minute attack that failed at the 50% retrace and then more buy side vol hit them and we sit where a staging mechanism would logically be: at the 382.
Like I believe in Fibs, LOL. But even though that is often just gobbledygoop, I have decided that, with no past history to provide them a roadmap with which to trade, they are navigating using Fib levels.
We thus have a picture of there being more buyers at this level than there were in the deliberate takedown attempt.
And remember the 382 is .5133, so at .51 (which is where we sit), we are basicly working the 382 retrace line.
I think we did well.
Imperial Whazoo
10:20 AM
Volume at the ask! and they raised the ask, too. And the bid, up to .491 as well.
Methodical.
Imperial Whazoo
There was a hammer at 9:46 AM in these minute charts:
1 minute candles
2 minute candles
3 minute candles
5 minute candles
6 minute candles
A hammer is a bottoming candle. Oh, and since 9:46, the vol buying it is higher than the vol that attempted to take it down at the open.
And another thing.... the 786 Fib is .48 so a hammer at .46 and a takedown to try to breach the 786 is exactly what this looks like.
Imperial Whazoo
OK.. try #3 to state it as I actually meant it, LOL.
I used the LAST leg of my ABCD geometry... I used the C-D to draw the Fib I employed.
Wow. Tlak about word mixing! S-L-E-E-P-Y!!.
BTW, as we sit now, at .47. we are at the 786 of the C-D Fib I think is the one to use, and the support is at .305, coning from the HOD back in July.
Watch the vols and the meaningful ones will be obvious. I think the vol spikes, if they are at the lows of waves, can be bought. JMO
Oh... and for an example of a buy that I missed because I was typing this , look at it in 2 minute bars. The hammer at 9:46 AM (139,064 vol) is a perfect example of what I'm saying is a buy at a vol point. Again... JMO
imperial Whazoo.
Just in today. Go nicely baby!
I wanted to say that I noticed after I posted this
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79972516
I made an error.
I said that I drew the Fib using the A-B line. That was a mistatement.
I actually used .182 (A) to .717 (D) to get .53 as the 618.
Wanted to clarify that.
Imperial Whazoo
I do not agree with the analysis that was put out earlier today that says we have support at .51 and that we need to pay attention to the .51 level because we can draw a line back to May 10, when we last visited .51.
You can, in fact, draw a thin green line that connects to the high of that day, and thus allegedly illustrates that support is at .51, but I contend it does not matter, and here's why:
Here is the volume that happened back in May, when we last visited the .51 area:
May 3 - 27,515 shares
May 8 - 100 shares
May 10 - 52,105 shares
And here are the volumes for the last two days:
September 24 - 5,281,909 volume
September 25 - 5,453,891 volume
Because I felt that there was something wrong about the analysis to which we were subjected via the YouTube lecture today, I just spent 30 minutes calling up every minute in a 1 minute chart view going all the way back to May 10 so that I could be certain that I am right about support levels in the past for MIMV.
Actually, if you look below, there is a volume event from July 2012 that I think defines support, but in general, what is important is what the patterns are in the last two days, because there just never was volume that provided data points other than the last two days and in July.
By looking at it in 1 minute candles, I found out that there were only 30,555 shares at .50 and 2,200 at .51 back then.
Thats not support! Thats absurd, IMHO. How many of us traded more than that in the last two days? So there just is no volume at .51 to use to define support. Its just not there.
So, what I'm contending is that we do not need to worry about pull backs to .51 because there is nobody parked there with much of a position in the company. On the other hand, becaus .53 is the 618 Fib retrace level of the A-B leg (see discussion below), I do think .53 is about right.
And I think an examination of the 10 minute chart will show that the professionals trading this at the MMs used the Fibs to navigate by, since there is not enough volume in the past (as I've said above).
Basically, we had a parabolic yesterday so the normal thing is a pullback into the body of the parabolic day. MIMV was a red candle day today due to it closing below it's open. It was green in that it was up on close from yesterday, but in the day itself, it was red (down from the open).
Here was what I was looking at during the day; a comparison to a parabolic day on another chart, and I need to tell the symbol so people can pull it up and learn from what I was thinking could have happened to us.
Compare MIMV to ANTS to see two similar parabolic days. But we are better off, IMHO, and with that in mind, look at the run after the second day in ANTS & project what that could imply about MIMV.
If we had acted like ANTS, we would have closed back inside the candle body of the parabolic day on lower volume, and what had me worried all day about MIMV was that volume was so high in the morning that I was sure we were going to see more volume today than yesterday
And, in fact, we had that happen. More volume today than yesterday.
What worried me was, since the volume in the first 2/3rds of the day was so high, and since there is a tendancy to pull back into the body of a parabolic candle, we were highly likely, I feared, to see a higher volume day where the close was a retrace into the candle from yesterday.
Again, compare ANTS. The second day, which was inside the parabolic day, was on lower volume AND, then it did a three day run, big time.
So, with MIMV, I was concerned we would close inside the parabolic from yesterday AND have higher volume, which, IMHO, would have doomed us.
Look. Here's what I think happened and what I think matters.
We closed yesterday on 5,281,909 volume at .57
Today we had both a higher close and higher volume: 5,462,809 volume at .587
So we had a stronger day than yesterday, closing higher today than yesterday on higher volume.
What tends to happen is that we will follow a bottlerocket day with a pullback into the body of the candle. That would have meant we closed below yesterday's close, which did not happen.
We danced around in the body of the candle, and we saw attempts to take it down, but basically, with only two exceptions, it held at the 618 Fib line of .53 and, as the day closed, the vote was that it made better sense to be in this, even at higher prices, than it did to risk being out for tomorrow and following.
Thats just amazing. This is not bad.... in fact, IMHO its very good.
And lets cover another detail.
We had a gap up on open, Gaps are like windows. They need to be closed.
The thing I dislike about a gap up is the case where it gaps up and does not do the work of going ahead and closing the gap.
I hate that because its like it haunts me. I keep waiting for the thing to fail on me and so, what I tend to do is I hesitate at buying and thus, when a gap fails to get filled, I generally hold back & do not buy.
And the thing is: I think most people who work professionally as traders act the same way because they just do not want the vulnerability.
I like it a lot better when the gap work goes ahead and gets done.
And thats what happened today.
We gapped, we retraced & filled the gap, we closed back above yesterday's close, and we had higher volume.
Nice day. We can punch back up thru .60, which was resistance back in March 2012, and we can also aim at the HOD today, which was .717
Back in 2011, we say a small volume day or two in the .74/.75 range, so, if we work up thru .717, we still have to punch those levels to really take out all resistance and get into the open field.
I guess news will do that for us in the near future, and I think we may very well see some (or all) of these fall tomorrow (or Thrus or Friday).
We'll see.
Even so... nice day today. Poised just below .60. Go baby go!!
L8r
Imperial Whazoo
Exactly. Just to sell subscriptions, a site can jump on board and fake people into sending them a subscription. thats deceitful and it happens all the time, but thats all there is to the allegation that MIMV is paying to get noticed by engaging in a pump.
http://www.pumpsanddumps.com/p/directory-of-touts.html
Just go here and check all 5 alleged sites that this site says are touting MIMV ad there is not one word about MIMV on any of them.
And if there are sites that put it in their headlines, its to appear to have the magic ability to pick winners so people will subscribe.
Thats all
Imperial Whazoo
jim
go to this link, which is where the purported tout links are listed. Read it and do like I did.... go to all 5 allegations of pumpage.
http://www.pumpsanddumps.com/p/directory-of-touts.html
I spent 20 minutes and checked all 5.
Guess what?
Not a single one was touting it.
None.
Now, I do not doubt that certain unethical sites who want people to buy there services would fake the stance that they are one of the companies on board with some fake tout. the idea would be to deceive people into thinking that they are touting it, even though it went up on its own.
That way, if some guy is a newbie and thinks he needs to be fed choices in his email, he might just believe that the deceiver site who is claiming to be partially responsible is worth sending a subscription.
Not a good idea, but bottom line, go to the list on the link you supplied, and it is the one I supply above.
On it, there are 5 alleged tuots. None has MIMV on them. Like I said, I personally checked them all.
So believe what you want, but as far as I'm concerned, the only rson any site is claiming to be a touter is that they probably assume they will look like they have the majic ability to pick winners if they jump on board the winners of the day and fake things.
Thats my conclusion, ,and like I said, I went to all five listed sites and MIMV is not there.
Imperial Whazoo
http://www.pumpsanddumps.com/p/directory-of-touts.html
Apparently, http://www.pumpanddumps.com says its being pumped by DailyPennyStocks.com.
MIMV is supposed to be on this site, but just checked and guess what, jim1234?
http://www.dailypennystocks.com/
ITS NOT!!!!
Its not there at all.
So, how can it be being pumped by a pump site on which it does not appear?!?!?!?!
BWAHAWHAWHAWHAWHAWHAWHAWHAW!!!
Listen... just go to the site you say has it and yesssirreebob.... they SAY its being pumped.... but guess what?
It is not!
Gee.... go to the site they SAY is pumping it and its not being pumped there
AT ALL.
Just a little advice about taking that kind of rumor as the truth.... maybe it ought to actually be there where its supposed to be if you are going to alledge its a pump?
OK?
Hope this helps
Imperial Whazoo
Thanks for that link. I may mark that ihub page for future research. Nice of you to have posted about that conversation on MIMV over there. Thanx.
Also, in perusing that page, I noticed this, which destroys the allegation, twice made so far today, that MIMV is just a pump.
Check this regulation out that they employ diligently over at that ihub page
I think its holding here due to that inexplicable thing called Fib numbers.
.53 is the 618 pullback from the move that happened in the last hour yesterday.
Take your graphing software and choose the Fib tool. Put the chart in a 10 minute candle mode.
Place the low end of the line at the low of the 10 minute bar at 2 PM central time & the high at the high this morning.
The 618 is the level we sit at.
And this is a normal pullback. Nothing to get my panties in a wad about, IMHO.
There was a stab made just before the online interview was to begin.... a small bear raid at 11:55 AM eastern, but it was of no power because, basically, for all the bombast that has asserted that NITE and CSTI would be eviscerating this thing, there simply is no evidence of that happening.
IMHO, whats actually happening is we are seeing a staging for a power hour run today.
Thats what I think.
Watch the volumes. When you see a sign of strength in the 1 and 3 minutes, whether to the upside or the downside, that will tell you the direction they intend to run it in the latter part of the day.
Watch for a sign of strength.
Imperial Whazoo
Hey cheche and everyone else....
You need to give credit where it is due, if it is due. Lets consider the thought behind the attack that asserted that this is being pumped.
The thought is that a stock that only goes up due to pumping is suspect.
Well, lets give that line of thought its due.
THE PROBLEM IN THE CASE OF MIMV IS THAT IT IS NOT BEING PUMPED.
As a logical person, does anyone out there actually think that criticizing MIMV for a sin that it is not engaging in is fair?
I don't.
I mean, I deep 6 mailings all the time from outfits that get paid to pump a stock.
But the fact is that MIMV did not go that route.
As such any and all criticism of MIMV that is founded on the faulty application of the tar-and-feather routine of calling a stock a pump....
Well, it simply does not apply.
MIMV is rising because MSFT did a deal involving it.
A straight up deal.
Not a pump.
Simple as that.
:o)
Imperial Whazoo
This poster put that out late yesterday in this post. I'm not the one. Ask him and I guess its for real.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79936086
Imperial Whazoo
It ran a bit, gapping up on open, pulled back and did the work it needed to do to get the necessity of filling the opening gap filled, and then I just layed out a Fib fan and looked at the 618.
It was precisely on the 618 if you draw your fan starting at the 2 PM central time 10 minute candle. I mean, using the 10 minutes and it jumps out at you like a neon light. Connect the low of the lfirast 10 minute bar of the last hour of the day yesterday to the high today and you get a spot on 618 picture perfect Fib splay. and there is no volume here as the selling of the gamblers who took a quick position, cashed in on the muve up.
But even with that, the volume of the pull back was not all that upsetting. Put it up on 1 minute cancles and the volume bars dimished in a straight line as the momo of the sellers waned.
And right now, whats it doing? Creeping up, thats what.
The racehorses are stepping up and toeing the line and snorting and panting to be positioned to run once the deal gets the daylight of the conference call.
This is just a picture perfect thing this AM. Hold that 618, baby. hold that 618.
Imperial Whazoo
I need it too, LOL. Somebody posted it and I can't remember if I saved it to my desktop or not. I was moving too fast at the time and I think I screwed up.
Imperial Whazoo
I love it when it plays out precisely as it ought to do.
As regards Fib levels, we are looking at a 618 retrace of the wave that started near EOD yesterday
Guess what .618 retrace of the move yjat commenced as EOD approached yesterday?
.53
Picture perfect, baby. Like clockwork. Lets soak up that conference call, folks, at 12 Eastern time today. Watch what happens after the deal is elaborated on.
Buy here, I say. Play the 618 picture perfect Fib retrace and take the calculated risk that what is in the conference call is going to help ally any fears that are out there.
Microsoft is deliberate and calculated and well planned here. This move is well thought out and it will pay to be in at the 618 level. This was a deliberate, calculated, thought out, planned laser precision move by Microsoft that is part and parcel of its Nokia mobile platform news of the last week.
Imperial Whazoo
Hey... selling to grab that kind of profits is a no brainer, but stepping back in after that is based on an understanding of risk.... thats on you, my man. thats on you.
:o)
Imperial Whazoo
This is fun. And the first resistnce point is .60, but there is absolutely no volume substantiating the .60 level (or the .74, which is next up after that).
Imperial Whazoo
Yep. Volume in the sellers dried up at .445 (more or less) and that means.... LOL
So, I too have bought in here. I seriously doubt this thing is done Just look at the L2 as I type and as we approach power hour.
And the thing to remember about Microsoft and it's pressing into the mobile apss world. Remember that they are just out with their Nokia Microsoft phohe. I got a uVerse mailing on it just yesterday and its a nice looking phone. And the connectivity it afford me back to my Microsoft aps is a definite draw for a programmer.
I think its not the least bit surprising that Microsoft did this today.
And also... folks, if you want to see that the VERY LOW FLOAT number is accurate, just go to their SEC filings. They are recent and current, and they do, indeed, show this to be a very low float player.
Cool.
Imperial Whazoo
I just did that other one I mentioned and it was another big ass technology giant backing a tiny company with revolutionary technology. Such big time backing has a profound effect on the tiny company and the effect of such support is real.
You know how to play the chart volumes. Kind of threadbare, looking left, I'd say, LOL.
What passes as resistance has very little to it, if you ask me.
Buy the dips and wait for the charts to tell you to sell.
Go MIMV.
Man am I loning these little technology companies this week, LOL.
Imperial Whazoo
Hey HR.... nice to see you in this too.
Step back in, my man. The dips are not disasters right yet. Get back in and ride it again!
Imperial Whazoo
You are not too late.
If you want an analog of this, look a couple to four days back at ANTS, where IBM, rather than Microsoft, made an earth shaking decision in favor of a tiny little company's superior solution. I mean..... when these software giants take this kind of action, its not a short term event. No way.
I say that we are into a climb to at least .60 (late March 2012), if not .74 from Aug 2011.
Just pop the chart up in a weekly and check the past highs. Thats what has to be attained, IMHO. And notice that there is absolutely no volume to compete with looking back at ant past point like the ones I mention. As such, there is very little reason to assume there is going to be any kind of resistance at those levels.
This is not a flash in a pan. This has legs. I'm considering each and every dip as an opportunity to accumulate.
Imperial Whazoo
I'm in another stock too heavy to do this one unless something sells, but I'll really take notice if it punches thru .027 on volume. I'm never against a pump. Just don't walk down the aisle with a hot one. They are like fresh fish. They never stay fresh very long. Hold them too long and they start to stink, LOL.
Imperial Whazoo
I noticed it too. My screener caught it for me and I took a look, Will do a bit of research.
I thin it sounds real. Flash sellers taking advantage of the pop. I am now watching it trade at .244
We'll see...
Imperial Whazoo
Updated filings will be.... When are they expected?
TIA
Imperial Whazoo