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CERP would move faster if the MM SUNR would just give it a rest. He keeps selling large quantities at the ask -- probably financing.
I'll likely take profits here and there, at natural resistance points, then buy back at natural supports to build some inventory, so to speak. Of course, I'll bail if something catestrophic happens
MM SUNR just moved away from the ask. Things might move a bit easier now. SUNR currently sitting at .0815. Stay there!
The RLIA chart is very new with very low trade volume (10 trades today, mostly at .17). That's probably not something I'm going to touch. One trade took it down that -43%
Um....weeeeeeeeeee! Still in!
Well, whatever it is they're doing to that stock (selling), it doesn't seem to be finished yet. Every time it tries to swing up, another dump comes. Volume hasn't been great.
IMUN is toying with the two-year low right now, but heck, they may take this to the psychological floor of .01, so I'm going to wait a bit longer. Here's the weekly chart:
Yeah...I took a loss on that too. And on FARE too.
CERP = weeeeee!
CERP daily chart and weekly chart:
I'm really liking this one. They're still diluting, but we're talking about a real company that traded in the dollars now down at a penny. They have financial issues, but they are a multi-million dollar company.
(see http://investor.cereplast.com/results.cfm)
They cracked barely below .01 on Thursday and had large buys take out all the .01's so it's getting some buys down here. When will the dilution stop? I don't know...but if they let off the gas for a little bit, it should see some real bounce. Maybe this play will flop, but for now I'm feeling pretty good about the .01 floor. Fingers crossed.
Eventually there will be. I think the psychological .01 floor means a lot to bounce players. We knew they'd break the price below .01 to clear emotional stop loss orders, which happened yesterday, and then big volume bought the .01's up. Maybe they'll tick it below again for good measure, but there will be buyers waiting for it.
If MM SUNR can show some restraint and let the price come to him instead of filling bids, this can get some upward momo. I see SUNR moved to .0139 at the moment... good boy....stay.
Yeah, I'd been waiting for a break below .05 to add again, but got antsy this morning and bought more .058 Now I'm in the red even more and waiting. Fun knife-catching excersise, eh?
At least my CERP buy at .01 is up a bit now.
There's been a fight going on in the .05's for sure.
I'm in CERP at .01 with my starter.
FARE dumped some again after trying to break above the .058 - .061 range. Phooey. That's one is still a hot potato for sure. I should have waited before buying more this morning. I wasn't patient enough.
Here is that CERP break under .01 Time to make my initial entry...
FARE getting too much loving this morning to break below .05 so I bought some .058 just in case. Fingers crossed.
Still watching and waiting for CERP entry.
No stops...though I will sell is the volume leaves for a long stretch and I can't see any fuel left to pop it up.
Love CERP too. Again I'm watching for the break below the psychological floor to clear some stops...then boom!
I'm hoping for a .05 to .07 wiggle. Then watch the drop likely continue and do it again.
Strategy? What? On knife-catching??? Just don't go all in at once so you can be in a good position to add if needed.
I look for chart-based supports and "psychological" supports (.01 being the biggest on these promo plays). MM's will almost always force it below those psychological point to clear stops, grab the shares, then let it go.
On this one, 200-DMA was chart support, but didn't give anything but a pause. So...let's see about a nickle.
I have not yet. .05 is next psychological floor...so I'm waiting to see if they'll try to break it below that...just enough to clear some stop loss orders. In that case I'll add.
This will probably head to .01 before a mega-bounce but I was hoping to catch a wiggle or two on the way down. So far...strike one!