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Of course, you 'added'
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128169954
Couldn't resist the L2 & pps action since late morning that developed!
;)
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$FLSR ~ Considering adding for 2nd time around .0009-.001.
It's really oversold.
First half of day the MM's have shown good support & accumulation at that level.
.0009 could hold.
It shows best signs on Level 2 multiple times today from that .0009/.001 level.
I think you should re-consider as new trading data appears.
That's what one would like to think. But it sure has had a major increase in selling volume last couple days. Hopefully it's creating opportunity (short term)
The .0009+ area is the latest support low.
Watch for that as a need to hold if we are to possibly start seeing upside anytime soon.
***Level 2 has shown best signs at the lows today .0009/.001. Decent chance it holds there, but it all depends on how much the seller /diluter) has to dump yet).
I'm a little surprised by the sudden increase in selling. I thought it looked close to done yesterday.
Otherwise I like the past chart history here for short term swings.
Level 2 starting to look good again after the morning shake out, you think?
You adding?
I started a position late afternoon yesterday. Considering adding more.
I see what it is now.
I've never paid attention to the 'BreakOut Board' area in the past. Never really mattered with my trading.
Where's the link to that 'Break out board' you refer to.
Not sure where on I-Hub you mean.
Thanks.
Yeah, CDEL came back late afternoon with a tough vengeance (for some reason) to sell shares.
$FLSR ~~ I just started a position @ .0013.
.0012 Ask appears to be on deck. That area .0012-.0013 seems like a good spot to start loading, so you could set limit order 2 .0012 and see if ti fills. Otherwise go for .0013 if no fill.
Below are some others that may be good to own (but I do not officially own yet personally):
$ONCI that I mentioned recently already, seems to be a good spot @ .0009 to start entry.
Looks like $SVTE (that you're in) finally showed some upside after hitting low of .0007. I hope you added near .0008. It may eventually prove wise in near future.
think it is due for a decent rally in near future, by early February in my opinion when comparing chart history and when analyzing latest shares that have been dumped/diluted so far making it quite oversold.
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***I'm still watching $PLUG as my next potential non-subpenny trade. It's been coming down into my lower end target area that I've been watching for ever since late December.
$PLUG historically has been a nice short term swing trade stock for me in the past. Has a nice chart (while on a down trend longer term) & makes for some nice oversold reversal plays about every 2-3 months. It's in process of developing a nice opportunity now. (Low of 1.10 so far approx)
$FLSR ~~ I just started a position @ .0013.
Some cross trades on last sale just now(?)
It appears
Base forming @ .0012 area?
Looks that way to me.
Just when many thought we'd seen bottom @ .0008, then .0007 hits.
That's just how it goes sometimes.
Must be getting close anyhow.
Such weak action towards the end of the trading day on $PLUG despite good news & guidance released in AM... (Not a good indicator)
~~Tempting for entry today, but till just Watching it~~
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128065114
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Subpenny Stock Trading Track Record Update:
It's actually 5 in a row of profitable subpenny trades after going back and fully retracing my steps (PSID, HCTI, ONCI, MJTK, DNRG), ever since November when I became more regularly active in subpenny trading again.
It's all accounted for here as evidence on I-Hub posts & at my board here.
($PSID in November, then $HCTI for a quick flip in November, then $ONCI in December, then $MJTK in late December, and the 5th is $DNRG for the low 10% profit in January, but still counts as 5th net profitable win in terms of my personal trades & posts in-out)
Check my board everyday for updates on subpenny trading:
http://investorshub.advfn.com/THREE-DAY-TRADER-29802/
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It's actually 5 in a row of profitable subpenny trades after going back and fully retracing my steps (PSID, HCTI, ONCI, MJTK, DNRG), ever since November when I became more regularly active in subpenny trading again.
($PSID in November, then $HCTI for a quick flip in November, then $ONCI in December, then $MJTK in late December, and the 5th is $DNRG for the low 10% profit in January, but still counts as 5th net profitable win in terms of my personal trades & posts in-out)
If you check my board everyday for updates on subpenny trading (as I have told you in the past), then you'd already know.
Soon I'll post any new possible trades there:
http://investorshub.advfn.com/THREE-DAY-TRADER-29802/
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FYI ~~ My latest update on $DNRG below at this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127990808
(I bailed on $DNRG for 10% gain only, but have noted that if .0009 keeps holding, it may still have chance yet to get toward .0018-.002 as I originally have hoped. But I personally decided to move elsewhere to find better action)
If you check my board everyday for updates on subpenny trading (as I have told you in the past), then you'd already know.
Soon I'll post any new possible trades there:
http://investorshub.advfn.com/THREE-DAY-TRADER-29802/
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Still been doing well overall on subpenny stocks, despite this lackluster $DNRG performance (which made me 10% personally)...
Can't hit everyone out-of-the-park 100% of the time.. No one can 100% of the time.
Nearly all of the subpenny stocks on my Watch List that I also gave you in PM back in late December performed well already with very nice % trade-able pops.
I'm not worried about a rev split in the short term overall at this juncture for trading it.
Put that idea out of your head at this point in time.
Just look for a short term capitulation point in near future in which to swing trade this based upon primarily oversold technicals.
If this sustains below 1.00 for 30 trading days, then it will only get its first NASDAQ minimum bid warning a week or two after that point. Then it has 6 months probation for more safe time to trade it with low risk of a rev split becoming a news factor until the 2nd period of 6 month probation.
Once it would eventually get toward a 2nd 6 month probationary period, then you can start worrying about any rev split news from the company. So I would not even start to worry about rev split being an issue to impact your trading decisions for a long time (such as after perhaps September-November 2017, if this gets to be under 1.00 for 30+ days in February-April area, for example)
Still watching it.
Not determining yet with any certainty a short term bottom (quite yet) in my opinion.
Could be close, & like I said, as of today it's crossing into my low end target area been watching for in past few weeks.
But could still see 1.00 or .90 (as part of what i've been posting)
Kind Regards
$PLUG coming down into my original low end target area. Low so far of 1.10.
It broke that critical 1.18 support that was being tested (for 3rd time on 1/20)
What I've been saying in prior days & weeks is proving correct:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128016570
1/20/17
"In terms of current state of trading trend direction along with RSI & other basic indicators, it would not surprise me to see it break thru below 1.18... But we shall see what happens.
If, however, the 1.18 area holds, it would likely be a very bullish sign in the short term."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127760809
01/10/17
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127525690
12/30/16
"been waiting to see if it sells off some more yet toward 1.15 or perhaps 1.00"
Considering re-entry on $ONCI. A solid.0009 ask available today.
Every subpenny played for entry is the result of these dilutive sell offs, keep that in mind. It's about playing them when we think they're oversold & will move higher short term after dilutive sell offs.
I personally have not bought into SVTE yet. I have mentioned it as a good idea at even higher levels (.0015 or less) than today's .0009-.001, and that said I think finally it's getting close to solid official buy.
I'll post when I'm entering anything
$PLUG on watch.
It is testing 1.18 again for 3rd time since November.
Interesting to see if it holds. Any stop-loss should be applied based upon that holding because it is such a critical support area that needs to hold. If it gives out @ 1.18, a good chance 1.10 or even lower toward .90 could occur.
I'm still 'watching' it.
In terms of current state of trading trend direction along with RSI & other basic indicators, it would not surprise me to see it break thru below 1.18... But we shall see what happens.
If, however, the 1.18 area holds, it would likely be a very bullish sign in the short term.
I'm still sticking to what I said in prior weeks:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127760809
01/10/17
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127525690
12/30/16
{"been waiting to see if it sells off some more yet toward 1.15 or perhaps 1.00"}
$PLUG is testing 1.18 again for 3rd time since November.
Interesting to see if it holds. Any stop-loss should be applied based upon that holding because it is such a critical support area that needs to hold. If it gives out @ 1.18, a good chance 1.10 or even lower toward .90 could occur.
I'm still 'watching' it.
In terms of current state of trading trend direction along with RSI & other basic indicators, it would not surprise me to see it break thru below 1.18... But we shall see what happens.
If, however, the 1.18 area holds, it would likely be a very bullish sign in the short term.
I'm still sticking to what I said in prior weeks:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127760809
01/10/17
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127525690
12/30/16
{"been waiting to see if it sells off some more yet toward 1.15 or perhaps 1.00"}
I exited $DNRG for 10% profit only this morning (from .001 back in January 3). It took a while to get all filled in AM today ~~ FYI.
I noticed after half of the day the Ask got larger & went lower to .001 unfortunately, and hence I scathed out just in time it seems.
***I simply got bored with the stock. I don't like sitting in something for more than 2 weeks. A couple days ago it really started to get some traction to .0013 close, and since then has frustrated me to watch it.
>>>There was at least 3 opportunities the last 2.5 weeks to flip it for decent yet small ticks at .0012-.0013 for 20-30% gains (and also many times at .0011), but I kept waiting for more.
I wish I'd have taken the 20% in-out a couple times or more, but that's in the past.
>>>Anyhow, so long as .0009 holds yet, this still can break out. I just decided to go where there's better action. Still is noteworthy support there & accumulation in the area of .0009-.001 by MMs, so understand I'm not bearish on it yet. There is still good potential in next couple weeks or so to pop toward .0018-.002+ as stated originally. If you've got the patience to wait it out some more, it might pay off while you pay some others, too.
$SVTE looks good for starter since .0013 or less (which I posted about yesterday).
I'm watching a few others, too. I'll post if in anything new.
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Personally, I'm on a good streak with the subpennies since early November overall, and got 4 in a row in the win column since December thru today. DNRG counts as a net profit among the last 4 of mine straight, although it's not exactly what I'd call a winner. The others yielded much better & yielded at or above my upside minimum targets.
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Your analogy is correct. That stock you quoted in comparison to $DNRG ran hard back in early November (& I participated in that awesome trade); & it was diluting worse than DNRG & had bad money fundamentals, too.
It basically is an analogy that shows DNRG is not necessarily too diluted yet in the short term to be capable of a run up.
So anyhow, we'll see what happens yet.
DNRG should be due for a bounce higher toward .002+ at least
You articulated some good additional in-depth detailed points as well, so good post by you on its own merits...
...And so No Apologies necessary!
Well stated!!
Basically like I was saying earlier here, too!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127961519
What are they all doing in this if they weren't aware of this ongoing dilution?? How can they be so surprised by the bad fundamentals (longer term) & the dilution in any prior recent filings, & then emotionally over react today??
Most of what's in the 10Q today has already been known.
In any event, these types of stocks are for short term trading only (not investing)... It's all about reading the Level 2 action & trading the oversold technicals in the short term caused by the known ongoing dilution.
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The dilution isn't a surprise & neither are the bad longer term fundamentals. I was aware of it when I recently entered this with some low risk 'mad money'. Similarly you should've already been aware of it when you entered it earlier today & before the 10Q came out today.
Fundamentals of the business are mostly irrelevant when it comes to short term trading. Trading these OTC short term for the most part only require focus on short term technicals such as Level 2 action, etc.
Anyone with successful experience trading these in the long term always assumes these OTC stocks are junk companies long term & have ongoing dilutive financing.
Trading these OTC subpennies is about taking advantage of sell offs caused by the dilution & trading them short term on technicals.
All OTC are usually best treated as junk & to be taken advantage of for short term trades/flips (& not for investing, so therefore longer term bad fundamentals mostly irrelevant).
Obviously you want to alter the subject I was posting about. You react how you wanted to by selling immediately in same day you had entered, and it is what it is, so be it.
I see no need to further validate your comment & debate the 10Q with you.
GLTU
...It was a 'good eye' earlier for a couple hours, and then (he) said sold break 'even' in same day... LOL.
An indecisive & fruitless endeavor that was.
Everybody reacts differently I guess
Yes, it seems NITE is the main Ask-seller at the moment holding this down
What you say is true & seems to make sense. I've been echoing similar, but it's frustrating to see it get whacked back down to .001-.0011.... Wondering when this will finally run above .0013(?).
Strange how early on the bid just dried up. There wasn't much selling until bids at .0011 & .001, so few were able to clear much of a profit if those were people bailing from .001 area entry.
And during this CDEL is still light on the Ask & BMAK has cleared away.
We have seen this type of action occur in the past before a stock runs later.
But again, it's frustrating so this so far this morning.
********************************$DNRG = Nice close {$}~{$}~{$}
...Level 2 has been showing increasingly good signs (as has been posted about earlier today & in prior trading days).
Level 2 action & Daily chart suggest that we should look for a good chance at a break out much higher yet beyond today.
Next resistance level is .0014. If it breaks above .0014+, then a good chance it flies to .0018-.002+ or more (as part of my original minimum speculation upside target area).
Nice close!! ...Level 2 has been showing increasingly good signs (as has been posted about earlier today & in prior trading days).
Level 2 action & Daily chart suggest that we should look for a good chance at a break out much higher yet beyond today.
Next resistance level is .0014. If it breaks above .0014+, then a good chance it flies to .0018-.002+ or more (as part of my original minimum speculation upside target area).
********************$DNRG***********************
Looking great overall. Plenty of buying volume early on in the day.
Level 2 looking very bullish (as have been pointing out in prior days), and BMAK moved up off the Ask; a great indicator so far.
I think those .001's that have been available will soon make others wish they'd have bought.
Amazingly nice to see BMAK move way up off the Ask.
CDEL also moved up some, and also has a bid @ .001 & .0011 (from prior .0009).
CDEL is clearly in mode to accumulate this right now!!
Level 2 looking very bullish for $DNRG.
Today is more evidence that MM's have been accumulating this in recent days.