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FTR
This is one I've just been watching and learning from...
Testing posting charts too, hope it works. This one is educating me pretty well as to why CCI confirmation is important. It looked to be pinching, but CCI never spiked and it just kept it's downward spiral. ADX confirmation never occurred either.
http://stockcharts.com/h-sc/ui?s=FTR&p=10&yr=0&mn=0&dy=2&id=p09203054372
Edit:
Ok, how do you guys post the real-time charts as images? lol
Float includes shares that are bought and held by average joes...it just doesn't include restricted shares, insider shares, etc.
So the reduced float suggests the company is buying them up.
Looks like it's prepping to tank?
They're not greedy (or greedier than what their initial contract establishes, anyway)...they take their profits immediately and move along.
Did they have to announce buyback prior to beginning or did they just have to announce it within so many days of beginning?
Recycling...lol
You might want to do some catching up...Steve has been gone for ages...
Since I have no money freed up, I'm doing all I can to find potential ones and get confirmation...sucks because I can't make any money, but at least I can get confidence I WOULD make money, rather than end up just losing it. hahaha
Thanks for the verification...which ADX indicator am I supposed to be watching, again? ADX(5)?
FTR - pinching?
http://stockcharts.com/h-sc/ui?s=FTR&p=10&yr=0&mn=0&dy=2&id=p09203054372
Am I reading this right...beginning to pinch, but still needing CCI to confirm?
Pilgrim Petroleum Corporation correct statement concerning outstanding and issued shares
Jun 19, 2017
OTC Disclosure & News Service
Addison, TX -
Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
On the previously released disclosure statements, the company had disclosed an inaccurate number of total shares outstanding. Management inadvertently used incomplete information resulting in the miscalculation. The company also confirms, no new shares have been issued since Oct 2008.
The corrected statement of the document is as follows:
Total Authorized and Issue Shares as 6-19-17: 2,000,000,000
Total Non-Restricted shares as 6-19-17: 1,696,325,480
Total Active Shares: 1,601,651,712
The current statement in the OTC Disclosure to be corrected is Section 3(a), with no other changes or Amendments.
No, OS is 1.6 billion, AS is 2 billion and yes it has been the same since 2008.
NFLX - thoughts?
This is one I often trade options on...I'm not trading any on it currently but in practicing with the new chart, am I seeing a potential STP forming here?
http://i64.tinypic.com/123r0bo.png
The state filings never show the OS...the OS fluctuates, the AS remains the same unless they file for an increase.
I do believe there is a mistake somewhere though.
The transfer agent should have an accurate OS considering that's their entire job and they of all people should understand the difference between AS and OS, BUT federal regulations also prevent PGPM from issuing shares under their current status and none have been issued for years so it doesn't seem like suddenly they'd just violate federal regulations and issue shares out of the blue. I don't see them risking jail time and jeopardizing everything they've done to become current all of a sudden.
This is something PGPM should be able to rectify on Monday during the course of a phone call or two.
And then to add to that...float.
Float is the number of actually tradable shares within the outstanding shares (outstanding shares - restricted, insider holdings, etc = float). The float will never exceed the number of outstanding shares.
I'm honestly kind of surprised to see some people so confused on what I thought was basic knowledge. No offense intended to anyone, just thought it was one of the first things a trader learns.
Question while I'm studying past charts...will every stock that had a large spike up show an STP prior to the spike or do not all spikes involve an STP?
Trying to practice identifying them and observing the indicators prior to the run.
If OS = AS, then all shares are issued so you know for a fact no dilution can take place. Not unless they reverse split or raise the AS.
With such a low AS, a RS is unlikely. Since they say there is no dilution, an AS increase is also unlikely anytime soon.
Ditto.
If I had money available I would have been buying all I could though. Argh
Possibly, but I have this feeling it's all legit...we're waiting on management to address it now. I'm down so much now I might as well hold and find out...lol
TA reported OS increased from 1.1 billion to 2 billion. AS is 2 billion.
May be management scamming us. May also be restricted shares issued to our $3 million investor, which isn't necessarily bad.
As a stormchaser... that's not a very good statistic to base your argument on. They're far more common than people realize. lol
I've seen a few companies subpoena personal info of anonymous posters making false claims on here. One company in particular can't even be said publicly on ihub. It's on their censored words list.
Wouldn't mind seeing some more SEC Form D's get filed...since PGPM is waiting for ce removal to release anything of substance, those filings would tell a really nice story on their own
Ok, time for bed...I just read every post from the beginning, graphed a number of those recommended as good examples of STP's or incomplete STP's to get an idea of what they look like when completed vs incomplete, and setup my charts for proper viewing.
Now gotta be up for work in 4 hours. Bah. Goodnight all.
Late on this but saw it wasn't answered...
If it's out of the money, it will expire worthless. If it's in the money and you have the funds available, many brokers will automatically buy the shares for you upon expiration...you either want to sell them or contact your broker before market close and have them set them to expire. It's dumb that you can't have that option set as default.
Ditto.
Pretty sure my girlfriend isn't speaking to me currently, but on the plus side, I've been studying charts since I got home from work 7 hours ago...
I'm loving that they work with everything...my trading buddy prefers options and I prefer OTC stocks since I always lose on options (note to self, AMD SUCKS lol). It will be awesome to be able to use these charts and reliably play both.
Thanks, I've got a lot more reading to do!
TVeyeGuy pointed out one reason I was getting confused is that charts posted here are real-time...so when I was reading them 30 mins late, I was seeing the completely wrong information by that point. Now I just need to digest it...
Going to spend more time starting at the first post in this board and reading forward to pick up more. The PPO indicators are making sense and I'm seeing how they show upcoming price swings...also seeing how they can fake you out and where your other indicators are necessary to prevent you from falling for the fake out.
I promise I won't stay this dumb...lol
Ignore button is great for silencing the village idiots. :)
So I've been looking at the CCI(20)...on a lot of the ones you've been posting recently, the CCI(20) is confirmed when it's -100 in this one. Such as at 10:30am on the chart in the post I'm replying to.
On some of the previous charts, it looked as if the chart was confirmed and ready to go when the CCI(20) was over +100.
What is the difference? Or should I ALWAYS be looking for -100 for confirmation?
Puts work very similar to calls except you're betting on the price going down and making money as the price goes below your strike price rather than above it.
You'll get the hang of them soon enough...I'm still pretty new at trading options, but the first couple weeks were crazy difficult to understand. lol
Now I'm just broke and stuck in limbo until one of my stock plays makes a move. UGH.
Are you licensed to give financial advice?
Yep... depending on how hard it is to register with their DOT, this is still a positive thing. Just not necessarily earth shattering.
I'm unsure...to be honest, I think we've got about a 50/50 shot here. That's why I reduced my position by about 60%. Paul knows it's a huge concern and I'm confident he's voicing that opinion with management. He also is not a big supporter of it and knows it will wipe everyone out.
But at the end of the day, it's not his choice and I'm not sure how much I trust management to listen to him.
So I think it's a possibility, but not necessarily a likelihood.
He can't legally answer that question. That would be inside information.
Please stop setting arbitrary deadlines for CE removal...none of us know when it's going to come off. To set an arbitrary deadline just makes people more impatient when that deadline comes and goes with no change.
I do believe this company is going to bounce "bigly"...but we'd do it a huge favor if we just patiently waited for things to happen without creating deadlines that cannot be confirmed as true.
aaaaah....maybe that's what's getting me all confused! I subscribed to Stockcharts...once I get off work, I'm gonna start plugging some of these in and see what I can figure out using a paid account. Thanks
On the plus side, per NVSOS, our OS hasn't exceeded 22.5 billion yet...otherwise they'd have raised the AS to 25 billion as has already been approved by the company.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=kOvnRWzGXDuNK%252byzUB70lw%253d%253d&nt7=0
OOOOOUUUUCH......
Ok, I totally thought I was understanding the charts, but I'm confused...right now I'm only watching the first few indicators you were teaching in the beginning. PPO's, ADX(14), and CCI(20)
This particular chart is showing the middle PPO pinching up toward the top one...but ADX(14) +DI hasn't crossed above the -DI (nor does it look to be imminent) and the CCI(20) is at -132 not above 100?
What am I missing here? lol
I had a few thousand dollars worth of shares in my Etrade account and $1000 worth in an old Capital One account. I sold everything in my Etrade account for a massive loss. After the RS, the shares in my Capital One account ended up devalued so badly, I got stuck holding the bag. They are now worth $.35. If I want to sell them, I'll have to transfer money into that account and pay Capital One just to get them sold. I'll probably do that at the end of the year just so I can get the tax write-off.
But no...technically I still have $1000 invested here, not counting the losses I realized when I sold the rest.