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FDBL
With todays large upper candle spike, I took it off watch. A descending triangle is forming. Till today, support had a chance of holding, but with sentiment falling and todays complete lack of ability to stay higher. IMO it's a dead duck.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=6&dy=0&id=p59585374708
I really wish you would conceders trading only positive price action, rather then accumulating on expectations during falling prices.
How many times have you seen me post this chart in the old days. 20, 50, 100? Well a flash from the past went thru without many noticing it. Me included. 6 month ago I hadn't looked at the OTC for maybe a year. Yea it took only 2 months +/- but lasted the old days 3 month/ The main difference was after it use to walk down to the beginning price over 6 to 9 months. Before we saw a second round of the OTC game. But it's now days. Every thing happens quicker.
The old days VS. now days on the OTC.
I agree the old days have left and the old 3 month pump flag up climb is more then rare, non-existent. That's why I haven't had a play active on the OTC for a long time. All you see now days are these traders groups create 3 to 5 day flash lightning strikes, which rarely hit 10X like before.
As for the difference between VC's and toxic financiers, I never saw the difference. Damn near every funding deal in the old days was a toxic funding deal. 50% discounts on issued shares was common before also. The only difference,, I think is the level of greed (lets call them angle investors) except when they sell shares for profits, now days.
You must be more knowledgeable about the OTC action now, then I, because I rarely ever look at what's going on. But I still looked for new issued funding shares, to try to play along. That's why I found CDNL and also FDBL. Both had a large percentages of the companies OS, just issued for funding. FDBL I'm watching and CDNL I'm in.
The reason I felt the old days manipulate for profit could happen at CDNL is I saw the old days chart picture 6 or 7 months ago, there. If it happened once, it could happen again. Especially since that 3 month 10x. There was another price pull down and this time 2 funding deals prior to this price run.
Take a look and tell me if that chart action NOV to JAN isn't exactly like what we both saw over and over and over in the old days.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=9&dy=0&id=p87767359104
A large price fall pull down for funding price levels. Then news of funding (in this case happened OCT) then a price and volume pop (to get retail attention). With 3 flag step up over several month after. The whole thing got over a 10X, just like the old days.
I will admit, to date, none of the new action has produced any big guy manipulation to indicate the funders are selling the shares they were issued. So I'm still waiting for a second round of the old days. Just like I've seen 6 months ago in CDNL.
LOL I'm thinking CDNL may be a flash from the past. If not, I still hold a nice sized position, with large natural driven gains for now.
Present retail mindset is at a decision point. TA indicators call for a hold. One should not exit or enter until the decision is seen.
Educational chart evaluation Video of CDNL.
It's over a 1/2 hour, so posted to my board. If you want to know what I see TA & Chart wise in CDNL right now. Your welcome to watch and ask questions pertaining to education there.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122830036
Direct comments or questions about the stock CDNL is for this board.
Lets not clutter up this board with off topic TA & chart questions.
Educational TA & Charting video on CDNL
Over 1/2 an hour, but lots of info on how to use swing trade tools.
They are mainly VCs, sometimes management and other insiders, sometime day traders or M&Ms. Basically the big guys which manipulate price for profit.
By the way in the last graphic I posted
COGS stands for "cost of gains"
If your going to talk about the large volume at the very start of the climb. I understand it and that is normal. Just insiders loading before the stock move. You always see a price pull down pre funding and a volume surge pre come back.
Yes I'm new here. But I've seen this many many times before. I feel the CEO is a strong business manager. And honest. But event those types of people do what's needed to get their business plan executed.
This thing has one thing others on the OTC doesn't. The DEC China deal. IMO that NOV/ DEC price move was actually created to show China; CDNL stock could run that high without much problems. Why else would one think China would except 10 cents a share when the stock price yearly true value was hovering about a nickel.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=1&mn=0&dy=0&id=p05470577187
Look at the chart; price walk down. .005 a funding level a VC funding deal for 11 mil shares. OCT. NOV China talks start price and a lightning strike run, confirming it's possible. IMO that was the 11mil 10% owner VC acting as I posted about.
A run for profits which also proved it could be done. DEC the China deal doc's signed. The price remain up till the company wanted some interim cash in FEB & APR. So the price falls back to funding level. Those close and China funds. Insiders load and the come back starts.
This all make sense to me. Seen it before. But why no VC selling yet is in question. Hope it's because they have inside info about odds of completing China. And Cardinal Resources reaching business goals.
LOL now that's a good question.
Since my original thoughts have been completely wrong. And I've been wondering the same thing for 2 weeks. Where's the BEEF !
Why aren't the VCs taking profits and driving atypical OTC game? I recall one of the two funding deals had a 15% of the daily traded volume restriction. I think the 51 mil share one. But I've been checking time & sale many afternoons looking for above little guy trade size to see when they would start. But haven't see it. 15 mil ADVolume would allow 2.25 mil traded daily by them @ 15%. Break that up to 10 well timed trades during the day and one would expect to see 10 225k bid or asks close. Which isn't happening.
I really have no idea where they are. But there are many things involved in getting a funding deal. Not excluding handshakes, unknown company disclosures, and promises. May be while negotiating in FEB & APR the underlying huge China deal odds for closing were much more then just maybe. And to get the needed NOW funding management disclosed 10 cents was what the big future held. And the much smaller VCs are waiting for the pot of gold at the end of the rainbow everyone else if waiting for.
At any rate; that would be a great way to look at NO VC sell now. Long & strong will be rewarded after the second trench of the China deal closes. And both management & insiders know that will happen, not just expect it. Because the VCs became insiders when their funding negotiations took place.
Ps; if anyone has questions which does not pertain to CDNL they should being them to my board and keep CDNL's board clean of off topic posting.
A companies A/S or (authorized stock 1 billion) is basically the amount of stock inventory the company can issue for cash.
There is also a PAR value assigned to stock inventory. Which is the lowest price their stock can be sold at. (issued at) Usually .0001.
So if we use these 2 figures which a company chooses in their corporate start up documents. Most all start up's begin with the ability to raise 1 billion shares x .0001 cents per share or $100k cash to start.
The O/S is the amount of shares already issued. And the float is the tradable shares able to be traded on the open market. The difference between the O/S & float are shares which were issued with some type of restriction to the issue. Like the holder can't sell until a date or stock price point is reach or only can sell a max of 10% of the daily traded volume.
These types of restrictions are often placed on funding, options, and warrant shares to restrict major dilution happening in a big bang. But for them to enter the open market in stages or drips and drabs. Eventually it is expected they will get there. Just not all at once.
You have to understand how start up / OTC companies grow.
They need capital with normally little or no assets to back a bank loan. So they have to go to the Venture Capital market for funding. Also known as angle investors.
Now allot of what I'm about to post isn't within a VC's operating structure documents. But It's how big money makes big money.
Since maybe 1 in 1000 start ups succeed, when a Venture Capital firm make a loan deal. They really expect the loan is a bad loan which the start up will not be able to payoff over the life of the contract. So they are issued shares from the company as collateral. Shares obtained become an angle investors assets to base any gain/loss risk, just like a bank needs.
Now if you loan someone money which the odds are will rarely be paid back. How can you make any profit from that investment. For a VC all they have is a promise & stock. The stock becomes their prime profit center for any start up funding. Not the 8 or 10% interest charged.
This tells me they not only want the stock price to rise, so they can sell it for their loan profit. But they become the BIG GUY seen on the OTC open market, who wants and causes that price rise.
It's a excepted fact about trading stock (big boards or OTC) if one hold 10% of the average daily trading volume, they can make trade orders which will drive price. That's 10% of average daily volume, not OS. And most funding deals cap is for 10% of the OS. Allowing the VC the POWER to manipulate price any time the care too.
So if the VC wants profits, all they need to do is invest a little extra over the loan value and buy the ask at well timed intervals. And cause the emotional retail to buy the run. That's what retail does. BUY RUNS. Then sell their large holding to feed that emotion buying at profits, as the buying comes in.
SO here's your answer.
1st; I wanted to play CDNL because I found 300 mil potential shares ready to be sold higher, by VC funders. And part 2; when shares are bought back, the company can do 2 things. Put them back into the A/S authorized inventory or cancel them out completely.
I must add. While all this gave me a reason to expect a large fast manipulated run for profits by VC's It has NOT happened at CDNL. CDNL is trading with out any major manipulation. Only M&Ms trying to get as much trade close fees as possible. M&Ms don't create volume, so in this case, they are just chasing it.
But if a large individual shareholder was wanting to sell higher they (Market Makers) would see the tell tail large bid/ask stacks when VCs are involved. And help drive price the way the VC stacks the bid/ask during a move.
It's the difference of seeing 3% daily volume to 10% or more of the O/S being traded daily. Large volume + large day traders and VCs selling. Also equals large volatility & continuing flag pattern runs; which we are NOT seeing.
RUBI up date;
There was a whiff of retail psychology change today. Chart picture mindset remains negative. Volume sentiment remains weak. But TA indications are turning. Thus the psychology of how to play this stock forward.
If one looks at the chart, all most will see is a nice pop in price, rather then small walk down. A change and nice one if only seeing price. Which most do. Event though it didn't come with increasing volume sentiment yet. Most traders see a possible bottom in the price. And often love buying bottoms.
The pop could change overall feelings about staying out and start the logic to come back in at the beginning of a move reversal. Over taking the emotion of the pain suffered, in the large gap down. As the need for being first greed, gets them back in early.
This is what we've been watching for. A change in feelings. Will it continue. Only watching closely will tell!
Let's take it off watch and put it on strong daily watch for a small first entry @ the $15 support/resistance level break, with more volume behind it.
http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=2&dy=0&id=p56725206472
Your 100% correct it's not an issue, for retail or stock price. It's a way for company owners to maintain ownership in hostile take overs on the big boards and after large funding partnership deals on the OTC. Nothing more. Just a way for the one who built the company to keep it his, if he wants.
By the way that blank check preferred showed me that management knew what they were doing. Another thing telling retail this is a good business savvy CEO.
Yet it was!
Nov 10, 2015
Before Authorized Shares Amendment
142,234,632 300,000,000 157,765,368 -0-
After Authorized Shares Amendment
142,234,632 1,000,000,000 157,765,368 700,000
(1)
Does not include 25,000,000 shares of “blank check” preferred stock, no shares of which are issued or outstanding.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11025412
Got you, I missed you point. A good one!
But the subject I posted about may be both interesting & educational for other board readers.
A/S increase
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11025412
poison pill
http://www.investopedia.com/ask/answers/050415/how-effective-poison-pill-defense-against-hostile-takeover.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch
Blank Check preffered
http://www.investopedia.com/terms/b/blankcheckpreferred.asp?o=40186&l=dir&qsrc=999&qo=investopediaSiteSearch&ap=investopedia.com
I wouldn't worry about our favorite CEO losing control of the company and it's direction. As when he raised the A/S, making room for the China shares. He created as I recall 25 mil of preferred. Which is a poison pill for him to maintain ownership control.
Read the filing pertaining to the increase in A/S. And research how a poison pill works if your not aware of it.
I am a technical trader, yes. But playing on the OTC is a little different then big board stock. I only use 10% of my cash portfolio on the OTC and usually play one's I expect to run based on share structure changes. Saying I go after large runs, not the average OTC stock play now days. Now days the OYC is much minder then the old days. So most have either 3 day lightning strike high price/volume surges. OR 10 to 20% run retraces like the big boards.
If I was trading OTC run/retraces. I would be only basing my trade on TA & Charting. Just like my 90% of portfolio at the big boards. Because there is little or no manipulation involved. But if the OTC play happens because of VC funding shares being sold, there is manipulation involved and I wouldn't use TA & charting. I'd be watching for volume in the run and for exhaustion candles.
While I also like everything I see pertaining to this companies potential. I'm not, and will never be, any OTC stocks long shareholder.
I'm, as stated, a swing trader which trades in and out stock plays based on TA & charts. If and when my trade plan points are executed. I'll be swing trading any advances. Protecting gain as I always do. Or gone, on to the next trade if advances don't come.
That 515 mil, not 215 mil OS as of last filing report, is what got me in CDNL in the first place. I've known that for weeks. This CEO disclosure should have been along time ago.
Why I felt I should play; 04/26/16
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122207665&txt2find=cdnl
Why I'm bored is, I haven't seen the VC's holding those 300 mil phantom shares, selling into (feeding) a continued run for profits, as expected.
Exactly same trade plan. Sell half @ double, ride any future move with OPM. Changed acceptable loss from 50% loss, to break even, protecting capital. Also agree it's getting real boring. Seems NO new blood will ever come.
The present retail mindset is true value is .016, the average of high/low boundaries of the last 2 weeks of run/retrace. The flag pattern is IMO officially NULL. And mindset is looking for a new psychology (or way to play this stock). Todays sentiment volume & lack of chasing the ask tier 1 signal, M&Ms wanted closed, screams everyone that wants in, is in.
I'm going to wean myself off watching this one every day and shift daily price action interest to my new entry @ LQMT, in pennyland.
Might do a video this weekend explaining why I'm losing interest in CDNL, due to what the TA & chart is telling me.
I just started watching what's happening and again see a M&M signal they want it higher. Many 1000 $150 closes at ask. Starting at 3 pm like yesterday. Came to the board and saw CEO buying at the board around 3 pm.
Guess what direction the close should be. There seems to be an ask build on tier 1 right now.
Ps; sentiment volume sucks BIG time. If my guess hits. watch the volume increase into close.
Yes based on speculation prediction, rather then TA & charting projection. The first flag pattern will actually become the play. This is the emotion stage before retail mindset is determined.
LQMT actually has no chart pattern, after the long 2 month stall price level. So one needs to treat the play like a lightning strike.
Enter small then large at resistance breaks, then watch for signs of run exhaustion. Meaning high candle tail spikes that signal end with a red day.
One could have the funding price levels in the back of the mind. This is completely guessing on my part, but funding shares are normally issued @ 50% discount. So I expect to see the first flag top around .16. Funding was at .08. From there we need to watch for retails mindset and trade the 1st flag. But eventually by late AUG if funding trench 2 is close, I'd double that for a target after.
yes
Just did some research on LQMT. Liking it more. While they are not news hounds, they are securing big funding. And are a full reporting OTCBQ company.
The funding looks like a increase in the A/S will come before AUG. As they closed $8.4 mil for 105,000,000 shares or .08 cents a share and are reporting the second 300,000,000 shares will close In AUG for $55 mil or .18 cents a share. Averages out to $63.4 mil for 405 mil shares or .16 per share.
The stock price is .13 cents today. The O/S is 582 mil and A/S is 700 mil. So if the total funding deal closes the OS will be above A/S.
Of the watch stocks I've posted about lately all remain on watch.
BAA, RUBI, FDBL, LQMT
I like LQMT action and have a trade plan again and placed it back on strong watch. Entry/exit indicators haven't signaled entry yet. But support indicators are strong. Like todays turn around and volume support for that.
Ouch
Trying to catch a falling knife there. Not a fan of that trading style !!!!! See nothing that says mindset has or will change with PTX.
Fundies shows management effectiveness sucks (+70% gross margins with -86% profit margins) and short interest is still about 10%. That's scary. 10% of OS shareholders want price to continue to go down, to make profits. With 10% against any comeback. That's usually enough POWER to stop any bounce from continuing.
Click my name to see my profile. Then click last 50 posts. You'll see 4 or 5 charts I've posted to the board the last few days.
Here's the last on volume sentiment;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122750060
Here's the last on chart pattern;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122684402
No way of knowing who's signaling the direction their tier 1 volume stack is building.
There are more then 1 M&M in this game. Your not seeing retail orders, your seeing M&M orders they don't want to close or can't.
What happens is when retail trading interest slows down. All the M&Ms will vote on which way they would like the price direction to go to close their tier 1 bid/ask stacks. If you see more smaller then logical trades close at ask, then the M&Ms as a group, want a price direction higher. If seen at bid, direction consensus is lower.
Remember your seeing the Inter-dealer Quotation system the OTC Link® ATS system. Which is the second tier on the OTC market.
Here's a post from last night on the subject;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122748780
LOL
tick by tick signaled move north, with 10+ $150 or less closes at ask in a row, between 3 and 3:45 pm. Signaling ask build on unseen tier 1. Then penny players bought the M&M created run for volume fee closing, like always. M&Ms chasing volume like always.
All and all nice close.
Ps; TA wise; the 5 day MA crossed above the 10 day, @ close yesterday. That signaled psychology was confirmed for an entry.
By the way thanks for buying the ask today !!!! Oh yea saw a M&M personal account buy low/sell high game pre lunch that was the over 1 mill closes. They drove the price down at end of rush hour and drove it up at start of lunch hour.
Busy day for M&M manipulation, IMO
No I don't think IHUB promotion will draw interest in jumping on board for new blood.
I mean today CDNL has 27,460 reads. 3rd in the most read board on IHUB. And they all are hugely positive posts. Spelling how great the companies potential & management is. Belief and expectation posts don't create desire to play.
Strongly supported runs do.
Oh yea I have my IHUB posts linked to tweeter. But don't follow tweeter. Can't reach me there.
Your missing my point completely. I'm looking for traders. Not investors.
LOL Food for Thought
I've been teaching trading since 2003 and to date keep repeating myself. Your 100% correct. Why can't they get it??? Why does saving $50 bucks on a little guys entry, mean more then helping drive price higher and get $500 profit higher later.
Came to the conclusion; I forgot the feeling how importance $50 was to me. When I had less the $10k cash to play with.
Little working guys, trying to help support a family with out pay raises for 10 years. Really value $50 bucks saved, more then risking it. I was the same way, when I had to play the OTC only. Because my capital reserve was small and family obligations so high. My family is grown and gone. Expense obligations reduced and experience producing more gains then losses. Have followed me in retirement. I swing trade the big boards with 90% of my portfolio now.
At my board I keep saying, a 10% gain on the big boards is the same as a 10% gain on the OTC, with 100% less risk. Never seems to soak in. Safe bit by bit trading the big boards can meet small traders wants, needs, and goals. It just take a little longer to double you cash. With way less excitement or depression.
Pennies are still fun. But if one gets 10%,20% trades now days at the OTC, with a flash big lightning strike here and there. I really recommend buying 1000 shares @ $5.00. Over 100,000 at .05. And only coming back to the OTC with beer money for excitement on those lightning strike.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122745565
Scoot all the way down to the bottom for my discloser. But IMO NEVER believe anything message board posters post.
Research more. You'll find CDNL has reported that's not top priority somewhere. I don't remember directly where to send you to find that. But I have see it in some official release. As I recall it's wanted, but not actually required. I May be wrong. But a share buy back means squat anyway. It does not increase company or stock value. It does help appearances though.
If your one who buys appearance of more value, it will mean more to you then me. Share buy backs are mainly good news for national exchange stocks. Because it improves fundamental things, long term investors make their entry decisions on.
I consistently wonder if any OTC message board posters understands the OTC trading platforms being used.
Do they know it's a 2 tiers trading platform. That what they see is bids and asks between M&Ms. Not their individual order and another retail order. Are they aware the M&M sees orders from brokers clients before those orders are closed. That M&Ms can close the order before it makes it to the Inter-dealer Quotation system. And if their broker account isn't with a broker/dealer covering the stock (a Market maker) their order is on a third tier. Brokers and non market maker broker/dealers have to send client orders to M&Ms. More possibility for collusion.
Really basic; There are brokers & broker/dealers. The OTC market is a place trades only registered broker/dealers can trade. And to trade, that broker/dealer needs to request and become a market maker from FINRA. To be a market maker they must hold a specified amount of company stock to be able to close matching orders they receive on the 1st tier, from a broker, broker/dealer, or which is not market makers. Or personal client. Also M&Ms can and do have personal trade accounts which they can trade in-front with. Close orders they receive, then close orders they place. Buy low, sell high on the Inter-dealer Quotation system.
An M&M has several options for trade orders they receive. They can close matching orders from their inventory or client order stack, before sending to the Inter-dealer Quotation system. Which is what retail sees. They can close orders from their personal account before placing on that system. They can contact any other M&M to negotiate a close threw e mail, phone, ETC. Or they can send the order to another M&M on the electronic system. The 2nd tier of the OTC platform, the OTC Link® ATS system.
All this naked shorting, placing up walls chit is chit from the old OTCBB days. Now days they have so many options on how to manipulate trading it's crazy. But since OTC markets "a privately owned company" inception, naked shorting become way way harder. FINRA requires more stringent reporting & broker/dealer rules.
I'm not saying M&M tricks aren't still prevalent. There is still small odd size order signaling, false bid/ask builds stacks, share swapping and the like to manipulate direction. But that manipulation isn't aimed at controlling price, as much as altering direction to close as much order volume seen on the 1st tier, as possible.
The old days M&Ms made more money front trading from their personal account then trade volume fees. That's why you saw the naked shorting and walls to drive price or hold runs. Now days FINRA reporting rules have closed the huge dark hole the OTCBB left open. Trading on foreign exchanges have something called ADR receipts reporting by FINRA. So M&Ms can't hide naked shares, saying they hold inventory overseas like before. There still is a FINRA OTCBB system, but it can only be use for companies that are SEC-reporting. NO pinks.
On the OTC soooo much happens before retail sees the Inter-dealer Quotation system quote, one can't ever know what is really happening. Why can NITE put up a 10,000 ask and you see 250,000 close at that only ask stack price? How does EFRD put up a 1,000,000 bid and it disappears, when CDEL has the 100,000 at the same bid order. It's all happening before the Inter-dealer Quotation system.
.