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Management just spent a large portion of the CHINA investment cash to close their bad debit problem. Beside as I recall any buy back was reported to be the last thing management planned to spend invested cash on. And actually cash buy backs don't add value. They only increase fundamental standings. Like the EPS.
Your thinking big boards on the OTC. What's important on the OTC is debit reduction, & building fundamentals toward up listing requirement areas.
The flag target is .44 not .50. But many times momentum will carry price beyond target. So picking .50 is reasonable, but the risk level closing as planned increases the farther above target you want.
Gold had a bad day , GLD had a bad day thus BAA followed. NOTE that gap below I had concern about got filled. This is good. Still strong watch IMO. Costs nothing to watch.
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=3&dy=0&id=p87245329443
Break chart resistance points with stronger sentiment (volume) then the day before.
Presently IHUB has thousands of potential players. And CDNL is near the top of posts and reads. But they're is no increase in followers. NO new blood. Why you ask. Because all they read is I love CDNL's potential. But they don't see the price support for them to want in.
It's not new that there are:
good companies with bad stocks and bad companies with good stocks. The reason is always because of price action. Sentiment. Be it the OTC or national exchange. Volume support of price direction increase retail interest in the stock!
Example; I'm posting about 2 big board stocks at my board. RUBI; which has good management effectiveness and continuing beats on earning, with a huge gap down and price walk down after. GOOD company bad stock !
Then there is BAA; management sucks, they have large gross margins and negative profit margins. But their stock is climbing.
The difference can bee seen in the stocks volume. Volumes remain pretty level in runs & retraces at the good company with bad stock. RUBI
Yet volume increases and decreases in runs and retraces at the bad company with good stock. BAA
Volume and volatility increases the odds for large profits. Thus it increases the interest level of traders. Sorry I'm talking about trading stocks, not investing in them. Investment doesn't really effect price action as they are 1 time purchases.
Here is a long one, expressing an opinion, like all the posts on the board.
The problem with the stock price action is not the company, product, marketing, CEO, financial strength/weakness, news releases, timing or TA & charting. ALL that is positive.
It's audience!!!
Volume support is the most important part of a successful price movement. It shows sentiment of the retail audience. The chart shows mindset and technical indications, the execution of the mindset.
Volume is the problem and volume is the audience.
Three days ago I posted I didn't like the Friday volume lower then the Thursdays volume, in the retrace bounce. Lower volume in a positive move shows lack of support for that move to continue.
A day or so before that, I posted the average daily volume at 3 to 5% of the OS, was very small and felt this could cause problems, if more new larger investors didn't start coming aboard.
Monday that move to break the 2 cent top resistance reversed again. No new large investors came. Then today selling volume increased as the price fell.
This says to me, the audience pool has exhausted it's capital to invest and as time continues they are taking profits, not seeing new investors support the potential all here see.
The problem as I see it !
First: This audience is made up of little guy penny players. Seen in the very small average trade size closes. 1,000 to 10,000 lot sizes with average daily volumes less then 10% of the OS.
Second: Those type penny players tend to buy runs, sell retraces. What moves price action in pennyland is large day traders, (flippers) as every long & strong calls them. It's funny how much penny boards hate flippers. But without big money coming to a penny play. Price action stalls, once all the long & strongs have spent all their cash. This play is at a point of concern, with a highly positive flag pattern, turning into a possible stalled channel pattern or worst dive.
This is my tip to all. Start wanting flipper day traders interest, because they are the ones buying and selling with large amounts of cash. And IMO the way to get that is break top resistance on increasing volumes.
Third: IHUB, thus 245 board followers here, seem to be the only penny investors or traders interested in the company, CEO, or news timing.
Fourth: Most everyone on this board seem to be already all in and aren't buying more at ask, to support any run. So they are starting to take profit. As long & strong really only lasts till the run stops running. Seen in todays increase in volume in a price fall, as usual.
I just researched the 10 most active stock message boards and found only 1 which was talking about CDNL and that board had 2 posters.
So IMO what's wrong with CDNL's stock price action is there are little if any new to CDNL, coming ( 245 board marks are flat here) And mainly big money flippers aren't here, trying to manipulate gains. Because as long as Market Makers have such little volumes involved in the daily trading. They end up only chasing volume fees, instead of help drive direction to create increased volume fees.
Money chases money. $150 to $1,500 bid/ask orders isn't big money to an M&M. We need a new larger audience to break that 2 cent top resistance. Or at least all the long & strongs selling, to come back at ASK only, until 2 cents is taken out. Then we'll see flippers and runs & retraces in a climbing price pattern.
Here's what the 245 board members should do to correct CDNL's price action problem; Not post more positive opinions. Buy back in; with what they are selling, at the ask tomorrow.
Said it before, say it again! (STARVE the bid / BUY the ask). The only way to get what you want. Higher prices.
Once 2 cents is gone, sentiment will pick up with price and new blood interest & larger bid/asks sizes will drive price. With M&Ms starting to chase money (volatility), instead of small volumes (stalling).
Build it and they will come. LOL Let's make a concerted effort to buy the ask, starve the bid and break the resistance.
Ps; I'm a swing trader, not day trader. I plan the trade and trade the plan. I don't sell out sooner or buy more during any play entered. Basically my plan is sell half at a double. To protect my original investment for possible re-investment. And take my loss at 50%. So I'm basically an innocent bystander until those points in my plan are reached.
OK here's some info about something I've been thinking about and researching lately. GOLD's walk up, after FEB.s surge back to life, as a safe haven. The sector has been sucking up dollars from worried big guys. Checking the gold miners sector I've come up with what I feel is a good little guys way to trade this GOLD reincarnation.
GOLD
http://www.finviz.com/futures_charts.ashx?t=GC
BAA strong watch, After checking my portfolio status tonight I found, my 1st small standing flag pattern order, closed today. I expect to see price retrace and fill the gap up though.
To start it has a working flag chart pattern. It has confirmed entry/exit indications and improving negative support indicators, With increasing volumes. So It meets all categories I want for a play.
Next the ADX black momo line is turning up with the DI+ entry indicator, confirming entry. In the DMI entry/exit indicator. And that's from below 15, which calls for a large move. Plus the 5,10,20 day MA's just went confirmed entry again, with the recent 2 day pop.
All this says one can enter, but I would wait for todays gap up to fill. As todays 1st resistance break of the flag was on emotion. Maybe event nibble some if that happens. Low risk requires emotion to settle to find if this becomes a true continuation. But confirmed entry has been established, so one could enter anywhere, per TA indicators.
More info to support a strong watch or entry is the gold industry performance. Of the 42 company stocks only 8 have not had positive gains in the last month. And when I looked at most of the charts they were climbing up at a 45 degree angle. Very positive.
This made me check GLD, the gold spider and I found 1 more thing I like. Of all the stocks. BAA has been tracking GLD very well. Event though BAA's management sucks at producing profit margins from gross margins. This under a dollar American exchange stock seems to have become the little guys GLD spider. LOL
At any rate a Heads up on BAA. you can check the things I've posted about here;
BAA 6 mo chart
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=6&dy=0&id=p25834064020
GLD
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p45091625490
Gold miners performance;
http://www.finviz.com/screener.ashx?v=141&f=ind_gold,sec_basicmaterials&o=perf4w
BAA fundies;
http://www.finviz.com/quote.ashx?t=BAA&ty=c&p=d&b=1
Oh yea, basically NO short interest!!!
Play at your own risk!
LQMT is coming alive again, on increasing volume. Strong watch for resistance break entry points. 14 then 15.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p64055193282
FDBL isn't looking good. Yesterdays high volume and high candle spike says sentiment is waning. IMO if 14 support is broken you can take it off watch. Mean while I sold my closed faked out standing entry order for a tiny loss.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=3&dy=0&id=p05812980068
Can't help with lightning strikes, other then say sell by end of day, the first red day you see.
Just watched some TED talks on water again. This one focuses in on what Cardinal Resources is doing on a large scale. This is the should see one. Many of the others don't really cover pure water.
Actually would be great if CDNL's CEO could give a TED talk about Redbird. This talk was 7 years ago. TED would be a great marketing source to create awareness.
If any of you activist investors want to email him the link and suggestion. Maybe he'll conceder getting in-touch with TED and offer his services for a talk presentation.
http://www.ted.com/talks/michael_pritchard_invents_a_water_filter#t-110858
Your point about fulfilling a need is one of the main reasons I like CDNL product and business model.
I had been interested in water for some time and found a company called Lifesaver working toward the goal of helping solve a major world problem. Fresh safe drinking water.
If interested in the subject check out the talks on TED.
http://www.ted.com/talks?topics%5B%5D=water
Here's the lifesaver product, which I was interested in. The company has been growing since this 2009 TED talk.
http://www.ted.com/talks/michael_pritchard_invents_a_water_filter
But it's not a public company I could trade.
http://www.iconlifesaver.eu/
I personally am on the clean water band wagon and have been for a while. Very interesting TED talks, if you like Cardinal Resources you really should check out TED talks about the worlds water problem. It is a market just being tapped. Lifesaver is actually a competitor. But I found them first. Same goal, different product types and approach. Lifesaver C2 is a secondary product for them and the Redbird primary for Cardinal . The difference is a individual product VS a product for the masses.
About emotion gaps in price action.
Your correct gaps don't need to fill. But they normally do. Actually my experience says 90% of the time. And that's why I often trade gaps event if there is no positive chart pattern
As you said 5 to 20% step up gains, 2 to 1 buys over sells all support positive retail sentiment build. Only need another 10% day tomorrow to hit the 2 cent fence. My concern is with M&Ms chasing volume and retail wanting in cheap as possible. That bid starve, ask build may not occur. It is a fact new investors will buy in a run more then holding investors will sell out. So lets hope we get the expected influx of new investors.
Because after the 2 cent top resistance is gone. There is a emotion gap pulling at price to fill at 3 cents and another gap pulling up toward .04 cents and the flag pattern target is .038. Basically the battle higher becomes much easier above 2 cents. All TA & charting becomes blue skies. No more resistance for concern till .055.
After 2 cents is broken I just may charge up the hill in the open.. LOL
Never was one for fighting in battles. Seen to many friends die in the battle charge. I'm a find safety trooper. Moving along from protection point to the next. Shooting from behind trees or foxholes. Last time I charged up a hill in the open, having FAITH I'd be a victor, I got shot in the ass. I'm a survivor doing my duty. Not a warrior liking the battle. And I personally have faith in no one but myself!
But great way of thinking of things. Power in strength & strategic planning.
Actually over the 13+ years I've been around. I found capital preservation to be just as, or more important as gain. Since that realization I've swung in and out of stocks and given up holding for more based on logical expectations. Logic; I've found doesn't always win out in the market. Especially the OTC market. So I settle for bit by bit gains adding up and don't hold on retrace, expecting more. This style protects what I got and doesn't give it back. I don't get every penny in a climbing stock move. But I am completely happy with what I do get. Learned a long time ago making up losses is much harder then getting gain. So holding red after certain FIBs retracement levels just isn't in my trading business plan.
By the way I swing trade, not day trade. There is a large difference.
LOL I may be showing a bad trait. The trait of wanting, instead of waiting. I really want that dame 2 cent broken sooner then later. I'm a swing trader, not long & strong guy. To me this play is my piece of the pie CDNL has put on the table. I routinely leave the table and return. When I find a good pie. That's my trading style. A flipper you guys would say. Thus I would have liked to see more volume today. Because I trade TA & Chart patterns. Increasing volume, shows increasing sentiment. And it normally requires strong positive sentiment to break top resistance.
I love patterns and most all mechanics I post about were learned by noting what happens within a chart & it's TA when I had a question. I didn't have anyone to answer my question back in the day. Had to create a way to answer my own questions. Create my own knowledge base and business plan And trading style to fulfill my wants needs and goals. I spent a long time paper trading; after I lost my first bankroll being a newbie. Story lines & emotion SUCKS !!!
Chart patterns are nothing more then historical price actions over decades. The odds of patterns repeating is great. So if I didn't understand what TA indicator showed me the more reliable info. I would create a list of various indicator results as chart patterns worked their way out. Then choose the indicators which fit my trading style.
I'll put "is 50% volume increase a pre sign of direction" on a list and look at many many trades I make to see if a pattern of yes or no forms. Eventually, if I see that pattern happen enough. I'll start saying, You need 50% volume increase for a move to start.
That's how patterns became rules of thumb and rules of Thumb became things I followed to the letter. But for now I've never studied your question about that before.
Just looking for patterns that will help me get more gains then losses. And your question gave me something to study. So told you to study it also.
The doji thing (I just called to your attention) is exactly how I learned all the stuff I quote. Like FIBs 38%,50%,68% rule of thumb or the 5,10,20 MA crosses, or the conflict in StochRSI & CMF is accumulation. And on and on to every mechanical thing I post about. I'd watch for repeating things and rely more and more on them, the more I saw them happen. Eventually over the years I came up with my TA indicators and how they relate to each other. This started my realization I was seeing peoples action, not just price action. Then I really started to understand what the hell I was doing.
I was reading people and relying they would act the same each time I saw the same pattern. Be it a chart pattern, technical indicator pattern of volume pattern. Because both history & people repeat themselves !!!~
Love your default signature.
Take what you can, Give nothing back!
I'm not happy with the lower volume then Friday though. Within the flag pattern one wants to see increased volume as price rises, so momo can break that top resistance.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=3&dy=0&id=p15100491642
The simple answer;
As for volume increases to support any chart pattern move. I'm personally happy with any size increase. Because it just gives comfort that the TA & chart has retail support.
I want to make it official. Had mentioned this one in the middle of another post.
Strong daily watch on RUBI. My play on this undeserved earning gap down is small entry $15.25 first resistance, larger $17.00 top resistance. Target gap fill $19.50. Or 16.50 if top resistance isn't broken.
Plan the trade ad trade the plan.
Institutional owns 65% of the float and they have gapped it up on earnings and now down on earnings.
This time was DUMB IMO. The company beat estimates LARGE. 2nd time in a row. But they lowered next Q expectations. I expect Psychology to come back and take over sentiment. And when that happens, watch for the gap play.
20% +/-
http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=6&dy=0&id=p27324504986
Thanks for the help and great to see you.
Here is a video about resistance points.
Entry after a top resistance point is broken is safer because resistance is resistance.
Would you bet on a guy jumping over a fence before he does? Not knowing if the guy is a good jumper or how high the fence is?
Well price momentum is the guy and the strength of the price resistance point is the fence.
Normally one wants the next resistance level broken before small entry because you learn how well the move up is (guy) and to be safe you want to see top resistance broken before a large entry, Because it's the highest fence needing to be cleared.
When I see a good jumper clear the highest fence I'm pretty sure the run will continue because the hard part is behind instead of in front of any price increase.
Read about support/resistance;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance
GEQU
The first second I looked at this chart I saw it's a day traders stock. Note: the 25% daily price swings. As for it's future OK to watch. You need to research the share structure to see if any shares have been issued recently. But on the OTC when you see a price dive and then a pop. It usually means price was pulled down for a funding deal and the pop is insiders buying pre the VC funder starting their created run for profits.
So My guess, this one may run. And you may find new shares if you research the filings.
Pull up the chart link below while reading:
Also note in the StochRSI and CMF support indicators, there is a conflict in the past few days volume and price pop.
StockRSI saying BE IN or over sold and CMF buy pressure falling to zero. That conflict indicates someone is accumulating.
In this case I'd guess little guys getting out (StochRSI oversold) because of price dive and VC's & insiders buying what becomes available. (less and less available because it's only little guys)
Oh yea another thing the ADX black line in the DMI entry/exit indicator is below 15. This signals a strong move may be coming.
http://stockcharts.com/h-sc/ui?s=GEQU&p=D&yr=0&mn=6&dy=0&id=p15831638708
Entry if .022 next resistance is broken on increasing volume. OK
Just did a quick check of JNSH and found 77 mil issued Mar 3rd @ .0008. That's what has been sold in your stocks run.
Total volume in run 71 mil - 25% which I use as retail trade between themselves = 53 mil of the VC's 77 mil gone. Might see another 24 mil sold.
All my figures are ball park guessing when calculation number of share being sold into a run. Just a ratio I've come up with over the years, which lets me know when to expect to see an exhaustion candle end of the run signal. MY GUESS, 1, maybe 2 days left. How much higher, no idea. But @ .0008, 23 mil could be sold in retrace and VC would still be happy as chit.
Have only one comment, The #1 rule of trading. NEVER chase a running stock.
It's run too far, too fast. We call this "missed another one!"
This is one which fit's my mantra of "Trade what you want, NOT what's in front of you." As the retail emotion has already established a large run. What one expects next is the run to stop. Which usually happens the minute you enter.
On the OTC;
We want something which has just issued large amounts of new stock, before the run has run.
On the big boards;
We want a chart pattern, Positive TA indicators, Increasing volume.
nope no AH trade
thanks for idea
OK readers I need some help.
Was watching CDNL trade today and saw something I've never seen before.
I've been thinking and thinking about what happened today pertaining to Market Makers actions. Saw a trading stop that I can't remember ever seeing in my 13 years.
At 14:33 several trades closed at ASK .0151. The bid was .015, couldn't get any closer on retails mindset who wants to buy VS who wants to sell. There was no ramping up prior. So no possible desire for M&Ms to stop or hold trades from closing.
But that's exactly what happened. With the bid/ask .0001 apart no one would buy .0151 or sell .015. ???? Can't believe a retailer didn't enter and order for either for 50 minutes! I checked FINRA for system status or trading halts and found no halt or problem with the OTC trading platform. So it had to be 9 M&Ms some how not closing a trade for 50 minutes with a bid/ask spread of .0001. I've seen 9 M&Ms hold trades in a emotion rush higher to stop it. So I know it's possible for collusion, I saw it a lot back in the day when REG SHO wasn't being enforced. But this time there was zero need and the OTC is s different trading place since enforcement.
So here I am, hours after close and 13 years of experience and I can't come up with 1 reason that would benefit M&Ms, retail, VC's, or any other entity. And it's driving me nuts.
Has anyone ever seen this before?
For me it's like looking up to the sky and seeing a large passenger plane flying upside down across the horizon. I have that kind of personality. Have to understand why what I see happened. And I wouldn't understand that. And I don't understand this.
And I'm having a problem excepting "not one retail person" place an order either way .0001 apart for 50 minutes. But I have too, because I can't come up with another logical reason.
Here's the Time & sales for that time period; look at 14.33 to 15:23. No trades bid was .015 ask .0151
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=CDNL&qm_page=29263
Help; I want to get some sleep tonight. LOL
So far in this recent move the average daily volumes have been around 15 mil. With an OS of 515 mil that's only 3% or 215 mil OS as last reported 7% of the OS trading daily. Either are VERY small ADV'S. And shows there is PLENTY of room for increased retail interest in any continuing move.
Chart up date;
The retrace bounce happened as hoped for, so we now have a target price for a successful flag pattern continuation. The Rule of Thumb for this type of swing trade play is odds for success is greatest after top resistance is broken. Entry before increases risk.
PS; if you remember my last chart, todays bounce happened before 50% FIBs. Thus it bounce at 38% retrace. Who's Rule of Thumb calls for top resistance break on this bounce move.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122603619
This supports the odds of a successful flag pattern.
Faceless Man Response from CDNL board.
Lets take this to my board. There are allot of general info issues about trading education to discuss.
Eventually this info is reported in a companies 10Q's or 10K. CDNL is a limited info pink and the last pink financial disclosure was for Q3 2015 That's up to SEPT 2015 info. They have filed the Q4 10K 2015 disclosure will be late.
The info I posted happened after the last disclosure was filed. In Q1 2016. So it is LOL out there in space, until reported (up dated to the public). If one is going to trade OTC stocks. They need to research news releases between 10Q's and 10K filings.
All this info can be found under filings & disclosures here;
http://www.otcmarkets.com/stock/CDNL/filings
Both the FEB funding deal and the April were restricted to a max of 10% of the O/S. FEB issued 21,500,000 shares so the OS was 215 mil and APR issued 51,500,000 so the OS had to be 515 mil.
Just subtract the FEB from the APR 515 mil - 215 mil = 300 mil were added from FEB to APR.
FEB
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11199789
APR
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11311434
On November 6, 2015, the Board of Directors the consenting stockholders adopted and approved a resolution to effect an amendment to our Articles of Incorporation to increase the number of shares of authorized common stock from 300,000,000 to 1,000,000,000. Such amendment is referred to herein as the “Authorized Shares Amendment.”
Share Structure
Market Value1 $2,742,789 a/o May 12, 2016
Authorized Shares Not Available
Outstanding Shares 215,967,675 a/o Jan 14, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.001
my research;
Back in FEB they did a 10% shares issued funding deal limiting the shares issued to 9.99% of the OS, as usual. Note just before the funding the PRICE pull down to get that funding deal. They issued 21 mil and the OS still reflects that 210 mil in the reports. BUT April they just reported another funding deal with the same 9.99% restriction and it was for 51 mil shares issued. That says the OS is no longer 210 mil but 510 mil.
So reading between the lines there are 301 mil out there some where some how.
Has anyone seen a trade close since 2:33pm? Bid .015 ask .0151 and I don't see M&Ms closing anything. Wondering if my level 2 feed is dead.