Hello my name is Tom
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one day predictions in penny stocks extremely difficult but I would say we start a new month and the last quarter of the year so the potential for something in the UP direction is quite good IMO
dont bring them on yet! i still want to accumulate in the half penny range so i can more easily get in the milly share club lol
ADX directional indicators are flashing a huge buy signal.
lots to like here... seems they were not successful in breaking us under .0035
but it was tried 3 separate times and there was no major unloading at that level...
so if triple bottom, we should move topside again to attack .012 or so
the tape action over the last month or so is looking extremely constructive.
RSI looks outstanding.
we have a possible triple bottom at .0035
the potential for explosive action is very high IMO
finally a little nibbling at .0046
at some point one just has to take the plunge and pay at the ask... when u consider we are going to .10 cents .0046 is still cheap :)
it is remnant sellers and the MM's playing games trying to shake remaining shares loose.
.004 seems like the sweet spot to accumulate
SAGD can blast to .01 in one day at any time and catch everyone off guard
what is even more incredible is that we could have a one day rally to .009 in just one day as we did before around these levels...
it is so typical drift down behavior that just drips drips down and then a huge surge of a rally comes out of nowhere.. i seen it so many times...
the volume on sept 21st was only 225 thousand shares which is the lowest volume we have seen since the mega run to above a penny in mid august.
the correct interpretation may be that the final sellers are almost done
i think the mm's took advantage of the drop in the gold price today to try to drop sagd down too
this indicator
http://www.intrade.com/v4/home/
very accurate prediction results.. much better than the damn media and lousy national polls
It is looking like bama is going to win the election... that should mean the opposing side will oppose and do EVERYTHING to oppose any piece of legislation..
it might turn this fiscal cliff issue into a mainstream public type issue that makes the masses dive into gold and mining shares..
yea that was an amazing rally... it just shows that mining stocks are capable of huge upside runs if the conditions are ripe.
but it is also true that it is VERY hard to hold a mining stock on a big run through the entire duration.
just imagine if SAGD did a HUGE opening upside run away gap to .04 cents, most would sell right on the first day of the run when they should instead realize that such a huge opening run away gap is a huge surge or signal of initial strength that kick starts a big rally of duration.
20,000 gold and 1500 silver here we come lol
SAGD going much higher :)
http://www.gold-eagle.com/editorials_12/jordan092112.html
the fact that remaining float is very small and getting likely smaller means that price can swing even faster in either direction..
always possible they can manipulate it for a dip down again
i just don't see a crash
rather if we are going to continue down, then I am thinking it will be just a slow very slight drifting down that really discourages the majority.
these low floaters tend to do that.. they just keep drifting down until eventually they build up a huge rally and the rally is a sight to behold engulfing and making more upward progress in a few days than sometimes months worth of minor downtrend action
interesting in the SRLM chart that the run was kicked off with a HUGE opening run away gap
and then later in the rally there were a few more run away gaps...
i sure would love to see a huge opening run away gap that is not filled for a long time in SAGD
these huge run away opening gaps cause a lot of shorts to get tempted to short it right away and then just fuel the run higher.
I suspect if we are going to see a run away opening gap it would be after the handle portion of the cup and handle pattern is finished.
look at the run of sterling mining
in order to reap maximum benefits from the run on sterling mining you had to hold the stock a full 13 MONTHS assuming you were able to get out at the top
it is always so tempting to bail out of these penny stocks too soon to take a profit, but damn we may have a run to dollars on this baby... definitely want to keep some shares locked away and throw away the key IMO
it looks like went from a few pennies to 14 dollars but it is hard to figure out the exact low price that it started from...
maybe we are going to dollars lol
Huge Opportunity:
I really hope SAGD and management do not drop the ball on this huge opportunity.
If I was in the position of being CEO of a penny mining stock with a low float I would bust my butt like there is no tomorrow to try to define and expand resources of what is owned.
Even if only a small resource is identified, the gold price could double from here and skyrocket us up to .20 cents or more easily.
the potential here is too great....
accumulate accumulate accumulate IMO
the move from august 9th low to august 21s was 700% plus move
and it only took 9 days
so if we calculate an ABCD up move from a .004 low price then it could put us at .04 in 9 days again.
problem is right now we are basing sideways to try to discourage all to dump their holdings.
this basing can last a lot longer than initially thought, so your guess is as good as mine.
having said that on the PLUS side we have gold and silver wind at our backs and possible new LIFETIME HIGH breakout coming that should help SAGD along...
the more gold and silver go up, the more aggressively SAGD will be accumulated that should lead to a jump to .04
then a selloff to .025 or so and then the eventual breakout to .08 later on maybe early next year.
the GOOD NEWS is that the longer SAGD bases out sideways, the more eventual power that is being built for the upmove (and the sustainability of it)
we filled the opening gap from 9/12/2012 today !!
it seems SAGD likes to fill all open gaps
.04 for starters.. then sell off to .025
then rally back to .04 to create handle of cup and handle
then breakout to .10 + with good chance of .20 +
SAGD will cruise up to .04 and then there will be a violent sell off
then the price will make a handle for the eventual upside move to .10
beautiful action today guys, still holding
of course still holding and will hold and accumulate on all dips going into end of year
i hope he did, i was getting tired of his lousy rants
here is what is going on
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79468042
be sure to RADAR SAGD a tiny otcbb penny miner with a low float that could explode in sympathy with the gold price soon...
SAGD low float penny miner looks potentially explosive right now RADAR it
on the other hand maybe we just can't reach the point of a real mania in gold
maybe gold is just too boring for most investors.
the obsession is still with tech and gadgets etc.
in order to pull public and mainstream investors into mining shares en masse, we need to see repeated limit up days, day after day after day where it becomes perfectly clear that mining stocks only go up and never down.
we need a record breaking up day in the gold price to get things kick started
say maybe a 200 dollar up day in one day... that should get the chatter going...
I remember Franklin Mining back in 2007 it was I think or near there had close to a 70 or 80 million dollar market cap at its peak
it was an unbelievable run from .0015 to .15 cents. i think it was trading on the pinksheets
it had a larger share count so thats why the market cap was so high at the peak
so I would not rule out a move to .20 to .50 cents given a gold mania situation where we see gold price go up 50 dollars a day for many days at a time similar to the dot com era
lets just be conservative and say something HUGE is going to happen to SAGD share price between now and the end of the year
now lets to tell everyone else on IHUB the same story :)
i just don't see us trading to .04 this month... of course I would be happy to be proven wrong, but usually it takes a good chunk of time to stage such a big rally.
the longer we base out, the better the foundation that is built.
so at least for now this looks like a win win situation
most of the float should be bought up
so with few shares available for free trading the MM's will try to shake the price down as much as they can
fact is the MM's already know when future news will be released so they will know when to start marking up prices
right now the price is just making occasional small upward surges essentially building a running jog before the eventually real jump
i would not be surprised to see an attack of the .0085 level again only to see price sell off back down to .006 or .005 again
this is a process, slow and steady
keep in mind that SAGD could possibly even just trade flat from now all the way until DECEMBER 2012. that type of trading action would not invalidate the mega bullish cup handle scenario.
that would make most extremely bearish and cause to give up.. but i think it would allow the smart money to accumulate all the while and then be well positioned for huge upside explosion in JAN 2013
simply boring action today.. not unusual for a monday...
slow and steady sideways action near .005 range is perfectly fine for me even if it goes on a month or two more... a superb opportunity to accumulate more slowly for the eventual upside rocket launch
resource penny stocks tend to make their biggest moves when the underlying commodity makes a parabolic move...
so if the gold price goes crazy, then one tends to see the penny gold miners get a good run going...
but keep in mind that penny mining stocks are typically the LAST ones to move
i would use the gold price as your guide
I would DEFINITELY hold SAGD until the gold price breaks above 2000 an ounce and then zooms to 2500 or so
anyone who does not hold SAGD until and after gold breaks through 2000 an ounce does not really understand how penny resource stocks work IMO
too many traders in SAGD, and therefore too much impatience...
enormous patience wins the big money here IMO
this is going to be a slow grind up into end of year
the stock market will not crash before the election and may continue up after the election..
but gold and silver will still go up
wild card is if some type of huge inflation spike kicks in that sends mining stocks almost vertical
we just don't have that 'crisis' feeling now, but it could come at any time
wild card is israel striking iran and oil going up 100 dollars in a week or two and bringing gold along with it.
mining stocks would literally go vertical in that scenario IMO
we have not seen mining stocks trade yet like the dot com era of year 2000