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Very good indicator. I did not see any insider buys recently, where did you confirm this at?
Morning all, made 70% so far and got back in at .0095.. looks like this is going to help me recoupe last week's losses on ELCR and SREH.
Hope they get a contract.
Should've dumped this last week.
They're still screwing with this stock a bit. It's hard to bounce when the MM's don't let it and the people buying keep selling at losses.
I could've made my money 3x over if I had sold out at first signs of dilution. I guess you live and you learn.
Then you got lucky. That's like saying you put 10k on 39 black on a roulette table and are now up 300k.
Trading isn't gambling or a crap shot in the dark.
I bet if you were to review the sales of this stock you would see nothing but MM's selling back and forth to each other; driving the cost up and down.
SEC really needs to tighten the regulations on the way MM are allowed to manipulate price and volume on pennies.
I'm out of SREH the next time it hits .0024. I'm tired of this horrible dilution and the massive wholesale dumping.
All I have to say is there was a 15% drop right after I said the charts indicate that it's overbought right now.
I'm not making this up and the chart reflected what it was going to do in the immediate future and it happened. <shrug>
play on speculation if you like. I'll play on chart analysis instead. good luck to you.
No, the chart is better than speculation on something you don't know is going to sink or swim IMO. :P
I don't play off speculation typically.
actually 5 minute chart says we may be nearing overbought, but if the momentum is there then you can push through an overbought state.
If it doesn't break through .0027 by 11am-noon I think we can expect for it to either remain flat or see a sell off. Watch carefully everyone.
Might be AUTO today.
This can definitely run to the .003 - .0035 range today if people let it.
Enjoy the ride guys, may see between .003 - .0035 today.
Lots of support on L2 and charts indicate we may seem some good growth this morning. Keep your fingers crossed.
except for the people who bought at .002 and under seem to be dumping now for quick profits.... annoyed.
good to know. One thing is for sure is that when it does bounce I'm going to make a killing, but it's going to take a while to do it. heh
I'll keep my eye out for that PR and for ARCA to get out of the way. :)
My fault. I'll keep a lid on it. If it makes you feel any better I'm stuck in both. It honestly makes too little sense at this point for me to get ELCR. I'm fully prepared to ride that one out a few months.
SREH looks like it has a better chance at recovering and bouncing hard. I wouldn't be surprised if we saw some good things in the L2's prior to tomorrow's open, if recovery doesn't start tomorrow/early next week then it will probably be the week of the 29th.
could be a falling wedge but mostly just looks like steady drop in stock value and dilution since Jun 3rd.
On the bright side the last time SREH was this low it jumped to .045, but that was after a steep 1 day decline; this is a bit different.
If they're done diluting the stock we can see it stabilize and either stay flat next week and have some recovery or it might bounce pretty hard. With the way SREH and ELCR have been acting I've given up trying to apply logic based off charts and just watch how the MM's are screwing everyone in the L2's instead.
LOL, I just want to break even and try again next week. Between trying to play the bounces on SREH and ELCR I've lost a crap ton this week. It's rare that I see 3 back to back days of dilution on multiple stocks.
I think I can probably break even close to open tomorrow on SREH, I was trying to play a bounce today off of the first time it went to .0023 and had setup my sell at .0028; looks like I got bit in the ass pretty good there LOL. ELCR though I think I'm stuck with that for a while. ARCA really diluted the hell out of that one.
If I can't break even looks like I'll be holding both of these for the next 1-2 months.. sigh.
They're trying to drive it down. See that buy for 60k and then an immediate sell of 60k?
Jerks!
Too many asks, not enough bids. Probably going to dip again shortly.
So buy an L2 service like the rest of us? I actually pay for 2 different ones because java based L2's don't work from my employer's offices.
It's going to drop to .0018. There's no support at .002 and too many people are stacking on the Ask, not enough people stacking the bid.
SEC has poor regulations on pennies when it comes to MM's. They are protected and common traders get the shaft. Nothing can be done until SEC rules are changed; which is likely never to happen.
Probably the latter. The correct O/S probably won't show up for quite some time.
Between ARCA and VERT I've lost quite a bit. Pretty annoyed; what's more annoying is that I've lost enough to where it makes sense to wait for the eventual bounce.
They just won't let these stocks breath
yeah, real nice. Look at all that dumping; it's what I wish for everyday :P
This is ridiculous, I put in a limit buy at .0023 and got it. Then the bottom kept falling.
sigh do pennies like to dilute at the same time or something? I'm taking a hit on multiple fronts due to dilution. This is craziness.
Apparently not. Here comes ARCA again ready to flood more shares.
shhhh, ARCA might hear you.
At least everyone appears to be holding today as opposed to selling off in fear like yesterday. We'll see what happens in the next 1-2 hours.
My jaw has really dropped at this. Can't believe they would abuse their holders like this. I'd expect this from a pinky... granted this isn't much better than a pinky
Yep, ELCR tends to bounce from a low once every 3 months and the gains are pretty incredible. I'm already down quite a bit on this since I got in at .0022. I'm in it for a bit longer now since I'm already down so much on it and reviewing the charts.
Besides, ARCA decided to sit on the ask again. 999k ask size @ 0.0014. This is getting really tired/old.
And now they're doing 195k in buys. ELCR only cares about diluting their stock more so they can raise more funds. Can't imagine why MM's would decide that ELCR is the stock they want to make tons of money on.
ELCR is still having the MM manipulate the volume and prices. SEC really needs to change the rules on the penny market. MM's stay protected while the rest of the common stock holders get screwed.
Speaking of
Looks like ARCA is starting their BS again. Sitting on a 20k Ask size at 0.0015; not as bad as sitting on 999k like yesterday. GIVE IT A REST ALREADY!
Well they were, I guess they saw the stock wasn't moving and went back to 0.0072. Looks like ARCA isn't done screwing people over with dilution yet on this one. Jerks.
It seems to me they are trying to force the price down. All they're doing is screwing over the momentum of this stock. Now ARCA is sitting on the ask at .0018; I am trying to understand why someone would do this?
with this kind of Volume you would think ELCR would have flown today. I can't help but think something shady is going on with the way they are stalling it out, obviously on purpose.
So why do people sit on the Ask the way some of these people are doing? What purpose does it serve except to stall the stock and drive people out at lower prices?
Is ARCA purposefully trying to force people out? I don't mind waiting it out but feels like a real jerk move. Was wondering how they benefit from stalling ELCR the way they have been?
wtf is with this one guy stalling this stock several times throughout the day with his 999900 ask size. The stock would fly if he'd just get out of the way.