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Of course they would have a lawsuit, just have inexperienced newbees plotting conspiracy theories about the grassy knoll LOL. Johnnies vs. Johnny c'mon how ridiculous next PR this will rocket, especially in September, I am holding also.
I think this is the first time that I can recall the bid and ask were the same price 0.0009, any thoughts on this anyone?
The point I was trying to make is you cannot use gut instinct when trading stocks, you have to have a consistent discipline that you follow no matter what it is. Buying a stock on a whim because you have a gut feeling about it tends to lead to an empty wallet. LOL
You have my sympathy CL, I just went thru the very same thing on another board where I was a mod and posting technical analysis. The problem there was a few bagholders had their heads in the sand and did not want to hear when the stock was going down. I finally had to resign because of the hate PM and personal attacks daily. The stock eventually went from .0068 down to .0015, and I could see this coming in the T/A but 2 or 3 people where constantly attacking me on the board, it's just not worth the headache.
Inexperienced and uneducated traders do not understand the psychology of T/A and assume you are bashing or pumping when they really have no idea what they are talking about. They don't understand you cannot trade stocks like you play blackjack using "gut" instinct, you have to have a disciplined strategy.
GLTY - K
yes that does add to the legitimacy of the company.
Honestly, I think it will hit bottom again where it tested the last 2 times and rebound. I would not be surprised to see it go back to .004 and higher eventually. I would expect the company will release another PR before the end of year, this will most certainly have a positive effect on the pps. If that happens you will probably see penny land again. If they do actually get a contact then definitely you will see pennies, IMO.
Yes, and it is still dropping. I say 0.000X because that is where the previous 2 bottoms are, and yes the likelihood that the stock will see that bottom again is very good, unless there is a PR.
Why is it when things are going good, and I post some T/A saying hey, the charts look good it is going up everyone cheers... YAY, but the moment the charts show the it is going to drop, heaven forbid, I say something, I get attacked! LOL.
The difference between gambling and trading stocks is you have tools like technical analysis that can help forecast the psychology of trading, it is not a guess it is a science. Anyone who trades by "GUT INSTINCT" will empty their wallets on a daily basis. The only way you are going to make money is to learn how to read charts and do your own DD.
EOM
I only use fast settings for Fast STO, TRIX and MACD. The rest I typically use the defaults supplied by stockcharts.com. I use the fast settings for scans to target potential short term moves within a given security. This makes it easier to quickly identify short term trends and patterns when viewing many charts.
There is no pumping here, I only use technicals and do not need to resort to pumping techniques, so please do not lump me into that category. Any information I post is my own opinion and is an attempt to provide helpful information, I think sendo and I are both trying to be helpful and provide our own opinions here.
GLTY
How are you determining the buy line on the RSI (14) chart?
You are reading way too much into my post, I was not trying to say you were stupid, only that I did not agree with your analysis. Have a good day, and try to be nicer to people who donate their time here.
You are welcome to your opinion but I have to agree with CL, both daily and 60 minute charts are very much in agreement here IMO.
Excellent chart, can you make it sticky? Thanks, glad to see you back!
If you take a look at my post you will see the chart there, your arguments seem weak at best, we will see tomorrow, indicators are strong that we will begin trending up tomorrow, no doubt in my mind.
I don't know what charts you are looking at, but from my perspective, the daily charts looks fantastic. The Full STO and TRIX are ready to cross and are starting to uptick, RSI and Williams both show the stock is very oversold, not to mention today's Candle chart has a Bullish Hammer / Harami Candle pattern on a major support line.
Everything says this is going north!
The Bearish Harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether a bullish reversal or bearish reversal pattern, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bearish reversals after an advance and potential bullish reversals after a decline. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.
Here is the definition from investopedia.com
http://www.investopedia.com/terms/b/bearishharami.asp
Yesterday's volume was higher than today's volume, the pattern is a fairly strong indicator for reversal, especially on support.
I hate being the bearer of bad news, but after today's close we have what is known as a Bearish Harami Candle pattern. This is a good indication that we will most likely see the trend continue down tomorrow, and most likely will move closer to triple zero land.
Bearish Harami definition
A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. Such a pattern is an indication that the previous upward trend is coming to an end.
Ah... my favorite color green! This should be a nice close.
I feel honored to be the first to post on your board LOL. Lets see who, I mean what do we discuss? LOL
yes, unfortunately looks like we will be breaking 0.0015 support by EOD tomorrow and testing 0.0013 or lower.
lol winning bid on eBay $571.00 :P
Yes and subsequent PR's referenced that one LOL, there is no conspiracy, give it a rest, Johnnies and Johnny are the same.
I certainly hope so let's put this one to rest LOL.
It's just a typo picked up by other PR firms, as you can see both names are referenced here, along with the johnnyfamousshoes.com website.
NEW YORK--Ludlow Capital issues research opinion on Avitar, Inc. (OTC:AVTI), a holding company focused on investments in joint venture projects, with a valuation price target of $0.01 to $0.015 per share.
Overview
On June 29, 2010, the Company announced that it had entered a joint venture agreement with Johnnie's Famous Shoes, Inc. (www.johnnyfamousshoes.com) of New York for the purpose of producing and distributing its summer run of high end, luxury, Men's footwear. The Company is expected to not only back the summer production run, but will also be involved in the management of this project, and share in the profits as well. Upon successful completion, Avitar will partner on future production runs with Johnny Famous Shoes as new product lines roll-out.
http://www.wallstreetnewscast.com/news/2010/july/avti.html
This stock is going to soar come September!
It's just a typo, you are reading way too much into it. Even the radio broadcast refers to it by both names.
http://www.blogtalkradio.com/carlagardbooks/2009/09/22/real-money-real-issues-the-business-of-fashion
So does this PR
http://www.wallstreetnewscast.com/news/2010/july/avti.html
You really think Johnny Famous Shoes wouldn't sue Johnnie's Famous Shoes for copyright infringement, especially since they are both located in NYC? Come on, get real, think about it...
The last 2 financials reported negative growth, I do not expect to see anything different here. EVXA reported an operating loss of (69,834) for the quarter ending March 31, 2010 and an operating loss of (168,176) for the year ending December 31, 2010. If I were to guess I would say earnings will have a negative effect on PPS especially if the loss is greater than last quarter.
EVXA Quarterly Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=32286
GLTA
Thank you. No I am not worried about the typo, it means nothing. these companies hire temps and obviously nobody proof read it. I see it happen all the time, I have even put out ads in print magazines with bigger typos. It's embarrassing for the company but nothing to worry about.
Thanks my Siforus LOL I will wear it with pride!
Looks like Full STO lines have crossed below the 20 which is a strong bullish indicator. I would say you guys will see a couple of green days ahead. If it closes above 0.0024 tomorrow you should see a nice run to 0.0028 or higher. Crossing the Parabolic SAR (purple dots on chart) will be a strong bullish signal.
Watch for resistance on 0.0024, if you cannot hold above that level tomorrow, I would guess the trend will continue down by Friday.
GLTY
DD on Johnny Famous Shoes
On Friday, July 16, 2010, a U.S. federal trademark registration number 76703810 was filed by Johnny Smith with the name JF JOHNNY FAMOUS NYC with the description Traveling Bags, Hides, Leather, imitations of leather goods.
http://www.trademarkia.com/correspondent-johnny-smith-1-927659
Myspace Page
http://www.myspace.com/johnnyfamousshoes
D&B Company Listing
http://www.allbusiness.com/companyprofile/Johnny_Famous_Shoes_Inc/17214FE63158CEDF0FC82DC04BB6A74A-1.html
LinkedIn
http://www.linkedin.com/pub/johnny-famous/13/9B5/72A
From PR
08/05/10 -- Avitar, Inc. (PINKSHEETS: AVTI) is pleased to announce that its Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York is proceeding on target with product currently in production in Mexico and is expected to be shipped to stores sometime between August 30 and September 15th, 2010.
This is going to be huge come September!
I would of thought after the last PR last week it would of went up huge, but instead for 3 days it falls like a lead balloon, it makes no sense!
If the pps can hold above the .0015 level it may be a good reentry point, I would have to wait for tomorrow to confirm it, as the could turn ugly at any moment, barchart reference if funny tho you may have a point there LOL.
ok, no problems my friend.
looks like it could be a good time to reload. if it can break and hold above 0.0019 by EOD tomorrow it should signal a new run at least to the next resistance level 0.0023.
ok LOL thats pretty funny.
I can read, after all I did post the link LOL.
correct, you have to break resistance on the 5 MA and find support there before the next run is confirmed, otherwise it will just bounce off the top and continue pulling back. For all practical purposes the technicals are looking good at least for today and tomorrow. If it can hold support at a previous resistance levl like the 5 MA things may be looking up.