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FOGC I made 100% gain on 3/4 of my position and now up 200% on the rest , lets see where the free ride takes us now , I call that stress free trading , if it tanks I could care less , it is a big POS repeat offender , dont marry it , just date it , or it will give you the clap or something
That POS is now at .028 wait for it to get to. .02 and we might see a bounce to .04 before falling to .01 , CYBK just another pos koolaide play
That was a chart from April , look how long GGSM peeps have been milking that POS all the way back to .0005 . They all end up at no bid sooner or later so keep that in mind as you play the game
Another big part of hitting singles and doubles is keeping a current watch list stocks that are in favor ( have the momo) I watch on avg. of about 50 otc stocks on my platform. I pull my fibs and find the lower support channel on each one of them and I am always rotating in new tickers that I am seeing some activity in and deleting ones that peter out
Why The big pull backs You ask, after the initial big move ?
This pattern is normal in the otc world , imo what they want is to keep the conversation going to keep the buzz alive as it is pulling back, and as peeps are yelling kicking and screaming all the way down and then those who bought the top and still holding will want to cost avg. down when they see it start to get going again and buy more of the sellers shares , most of these DO NOT make it back to the recent high , they typically hit between the 38.2 and 76.4 fib retracement off the swing low bottom when we get it , so pay attention to the ask volume to out weigh the bid volume at the technical trader pivot points down at the lower fib pull back lines and the ones that coincide with the ma lines. Remember these guys trade big caps and they use the same trader pivot points as well
No one can predict how high a stock will go , it goes as high as where the buyers are willing to pay and that changes with every penny stock based on how much buzz is behind it, how paper (shares to sell) and when the sellers see that the buyers ave dried up they then chase the bid (sell the piss out of it) back down to technical pivot points and then wait for the poor bagholders to cost avg. down or jump ship altogether. Learn or BURN FOLKS it is your Life
yep, waiting lower myself for the next leg
waiting at .0008/9 area for AVEW, and yes RITE one of thousands that play that game
SWET continues to grind higher here at .0309 , next fib line at .0316 area, congrats if you bought the pull back alert
JustFlippingPennies Member Level Wednesday, 06/11/14 12:45:40 PM
Re: None
Post # of 38163
SWET at .019 here anyday now , pay attention
TSLA just hit my 76.4 target at 244, looking for a spike above that now
JustFlippingPennies Member Level Saturday, 06/28/14 12:17:19 PM
Re: JustFlippingPennies post# 3417389
Post # of 3418225
TSLA now at 239 , next week watch for a break above the 76.4 fib retrace line at 244 area , looking for 247 ish maybe hitting that upper weekly bollie yet before pulling back ,now if we see a retest of the 61.8 fib line at 231.50 ish that would be a nice entry if your not in it already
AVEW that repeat POS should settle back to .0009 to .001 before getting its 2nd leg
$EXSL watching for channel breakout here at .013
she will have another run a little down the road looking under .01 to buy in again
FOGC got my 100% , held a few just in case they bust out, but lots of paper
a week or so ago I missed it buy 1 tick, but I do not chase a stock , too many out there to choose from
That POS looks like it might be ready again , but could just dilute until the cows come home here , I grabbed some .001;s last week , chart shows a possible wedge breakout here.
I waited 2 weeks to get them on the pull back , I am just following my trading rules
holding some 3's here looking for 6's for a nice trade
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See how TWTR pulled back and held the 23.6 fib retrace lline on friday for the LOD at 40.18 ish , now we are looking for the mid fib line at 43.50 ish and use a stop just under the 23.6 fib line incase she wants to pull back , been a hell of a ride from our alert at 31 area.
SKYF hit my buy/fill target on 6/27 watch this week, follow the rules and see post from 2 weeks ago, this is why you need to understand support and resistance
JustFlippingPennies Member Level Thursday, 06/12/14 07:47:32 AM
Re: BigCheez post# 37713
Post # of 38072
SKYF look at .0005/6 for a re - entry imo , weekly chart still intact with a high mfi at 80 , she is just following the same pull back pattern most of them do , the 76.4 fib pull back line is at .0006
Just increased A/S to 3.5 billion from 2.5 billion. Not to bad for a Quad Stock here , could get into the teens with the right boys trading it
AAPL hitting the 50% retrace fib line here in the pre market at 92.36 off that recent 89.00 area swing low . Friday was also a upper trend line breakout . Looking for a continuation to the upper bollie this week to 94 , and using a stop just under the 38.2 fib retrace line at 91.70
I wrote it down thanks , will get tabs on it
Reason why small private companies turn to the OTC ......
Direct public offerings are primarily utilized by small to medium size companies who are unable to attract the interest of an investment banking firm to represent them in a traditional initial public offering. Investment bankers represent companies which can attract and support large financing from which they can earn a commission.
Any company following the applicable rules and regulations can go public by direct public offering. There are no sales, profit, asset or other traditional requirements or qualifications.
If your going to follow someone in IHUB and buy their stocks they recommend , make sure you track their post history and would I scroll back through some of their past posts and check to see if the ticker they are touting went to .01 or to the Moon as a lot of them announce they are , you will be surprised.
My post history , go ahead read it , you just might learn not to be the sheep that get slaughtered
http://investorshub.advfn.com/boards/Profile.aspx?user=178570
Some RULES of the OTC .... When you see a one day high flyer and it DOES NOT hold 50% of it gains for the day, that is not a good sign it will continue the next day, those are front loaded momo plays ,play at your own risk
I some times can buy with the front loaders and sell to the bagholders, but mostly get in with the 2nd tier peeps and sell to 3rd tier peeps aka bagholders
when you watch time and sales and you see large share sizes being traded on the bid vs. smaller size ones, that is normally big boys dumpin, now on the weekly chart you do have a rising MFI but a weak rsi , so you ave more money coming into it vs. leaving it , so imo accumulation , but you must understand you always have folks who got shares at huge discounts selling them to other folks in the open market that are going frontload it and then pump it to sell to the third tier peeps , we call those folks retail, those are the bagholders , in the otc you have 3 tiers of peeps
It is the wild west out there , do you homework and dont spend real money until you learn the game. Just paper trade on paper and be HONEST with yourself
ALWAYS Check The Share Structure and if you cant get a to the day current on it, then assume the worse and watch L2 to confirm that there are no whales parked on the ask side call the Transfer Agent or company and if you cant get the current SS , then trade it as if the A/S was maxed out
A repeat offender and alot of paper , good luck to you there
Shares Outstanding 10,486,661,000 a/o Mar 31, 2014
Float 4,535,661,000 a/o Sep 30, 2012
Authorized Shares 12,000,000,000 a/o Mar 31, 2014
Understanding Form T trades after the closing bell you see so many times , Please Read the links Provided below, and no those are NOT buying shares for the next day. They are the shares the MM's sell and hide for the seller throughout the day until after the close at 4 pm.
http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=4410
http://www.finra.org/Industry/Regulation/Guidance/p038942
There is no luck with pennies , its about charts, trading patterns and reading the filings and knowing how to trade those readings and the momo (buzz) level. 90% of these you will not see posted in a month that are being posted today and most of them end up at .0000 land
At least you know what my agenda is , thanks
Yes , I make money off the un-educated, it is no different than a college grad making more than the high school grad