Hello my name is Tom
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a few weird trades today however..
bid was .015 and ask was at .02 on LEVEL 2
and yet a trade for 200,000 went through at .008
weird
Nice action today in IRCE
Should mark the bottom today of the correction...
i have to admit that the gold price mini crash we saw yesterday does bother me a bit..
i have been looking at the long term charts of gold price
it could be a one day fluke, but i am not sure yet...
something to keep an eye on
yes thank you.. if i see anything important to add in the ibox i will do so..
it is nice to see some more followers.. i would like to see 200 or more and see us creep up into the top 10 on the Ihub home page.. but that could take quite a while
indeed, and the 'average' folks i work with are not talking about or excited about gold...
but the second I hear hear any one of them start to talk about gold, the top will be in..
also noticed that the WEEKLY MACD now has an official buy signal. this basically means that the trend bias will be up for the intermediate term (next few months) regardless if there are some daily declines.
to be fair though, a weekly macd cross can also mean the stock price just trades sideways for a long time... i can't rule that out, it is all about probabilities
if we assume the worst case scenario, to me it would be that we go sideways for many months and then build up into a much stronger eventeul upside breakout...
peronally i am going to try to accumulate on pullbacks if i can
something very important did happen on 2/23/2012 however
we tested the previous shelf near the .20 range on greater volume
the volume on 2/23 was 630,000 shares
this means that .20 will eventually be exceeded even if it does not happen instantly
we are pushing higher with greater volume
i would be a fool to say no. Sure this can pull back sharply at any time and this one is especially volatile..
ADNT could even see an intra day move down to .12 cents
I have seen crazy moves in penny land before and this one should be no exception..
do i think it will go down that far? no
the issue is though if we cannot break up and through .22 next week then it could mean we will head back downtown to see what kind of support exists... it is just the nature of the beast..
we are holding near the breakout zone but need to grab the opportunity otherwise it might slide back next week
it is a guessing game.. mining stocks seem to have reputation for moving slow and somewhat volatile.
it could be that we are simply moving higher now to work off the oversold levels
getting to much higher numbers like 2,3,4,5 dollars is going to require a lot of leg work by the company.
the last run from .05 cents to 5 dollars took a year and a half... so we are already two months into 2012 so April looks way too early for any high dollar ranges...
right now I am thinking by the end of this year it could be near the 2 to 3 dollar range assuming the gold price cooperates...
we are just chewing through resistance at the current level
we will finish this week strong
slow and steady as she goes...
MM's are trying to walk the tape down and shake the tree
i doubt it will work
most that entered are waiting to much higher prices
that is usually what i like to see in any penny stock or normal stock, that no one cares after some initial moves up
it simply means (to me) that there will be eager buyers at much higher prices
wow, ADNT could bust loose today
i did not think it was ready yet
i know we are not supposed to mention any other penny stocks on this board,
but i just mention G*D*S*M to point out another another penny gold mining stock that since December 2011 did a 3500% run up. it seems the environment is ripe for these kinds of moves now
if we were to do same percent move from the lows it would put us at 2.88
all I am saying is that when the gold price super spike occurs it can cause a stampede in all the gold miners and penny gold miners
if you look carefully at the g ds m move you will see that MOST of the gains occurred in the last 20% of the move, before that was just a slow crawl up
i think that is what we could see with ADNT as well.. a slow boring back and forth up with a light upward slant, and then a surge
do not even think of selling ADNT until gold price is WELL above 2000+ per ounce
Agreed... almost no one cares about this board and this story right now.. this has a LOT more upside in it this year
nice move , glad to have you back on the gold train...
all I can say is buckle your seat belt
multi day run coming in my opinion but in slow motion.. hold on tight for most of the ride to 2$ +
please help me to keep this thread going and at the top of the HSM board by posting new posts into it so that it stays at the top of their main board
http://www.hotstockmarket.com/t/196962/adnt-gold-mining-penny-stock-very-low-float
thanks in advance
i see three big blocks on the bid
100,000
150,000
and 28,000
i dont recall seeing big bid blocks like that during the entire last several weeks
someone wants to load up big before the big run
gold mining penny stock chart breakout ADNT
break out in progress
http://www.flickr.com/photos/46088927@N00/6881727683/lightbox/
almost no one is aware of this penny gold mining stock breakout currently in progress ADNT
it is a slow motion breakout in ADNT
http://www.flickr.com/photos/46088927@N00/6881727683/lightbox/
breakout is validated by RSI
the best part of ADNT is that almost NO ONE cares about it!
that can mean only one thing... the herd is still not into ADNT but will be down the road..
that means prices are on huge discount now
one would think that gold price at 2000+ would help to open the bankers deep pockets, funding and Venture Capital deep pockets to gold operations and gold projects
not to mention private gold investors who want to privately fund certain gold projects
slap that ask! slap that ask! lol
the gold price is breakout out today !!!
gold next leg to new all time highs!!!!
the wind is at our backs
Chart of a penny gold mining stock
just wanted to pass on the good word...
1+ billion gold in the ground in Brazil
a .14 cent penny stock
6.5 million trading float
http://investorshub.advfn.com/boards/board.aspx?board_id=19433
SEE CHART
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72151950
i cant wait for the super spike to $1.00 +
a bare minimum 38.2% fibonnaci retracement from the $5.00 highs would put us at 2.80 or so
what is almost scary about this stock is that it can get to $1.00 in just a matter of a few days with all the right conditions met...
CHART of gold mining penny stock in breakout mode
risk / reward looks outstanding at current juncture
see chart here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72151950
nice sneaky action today so far...
steady as she goes...
looks like accumulation to me
on balance volume and accumulation distribution look like they are about to hit new highs soon, a great sign
we are literally inches away from crossing above the 50 day moving average
and the 8 and 21 day exponential moving averages are within inches of a bullish crossover
the 'someone knows somethign' crowd is probably buying.
the float is almost all bought up
i think there are only 5 million left in the float if we add up total volume for jan and feb
would love to see a close at .14 into end of power hour today setting up for a nice buying panic tomorrow
you are now membermarked :)
CHART inside major ALERT on gold penny stock ADNT!!
ADNT ready for a HUGE upside move, 10 DOLLAR price target and 1.5 billion gold in the ground
$10 stock selling for .13 cents!!!
RSI BREAKOUT!
[url=http://www.flickr.com/photos/46088927@N00/6881727683/][/url]
[url=http://www.flickr.com/photos/46088927@N00/6881727683/]ad[/url] by [url=http://www.flickr.com/people/46088927@N00/]trc4949[/url], on Flickr
HUGE buys at the ASK, ALERT ALERT!!!