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Nice! I am really liking my .18s now
Smart move! I think u've got it dialed! Enjoy the day off!
Thanks! Otherwise pretty boring sideways day sofar...
I am Sitting and waiting here, watching how it develops. Maybe buy half a position of low 90s. Being cautious never hurts.
Next resistance at .23; blue sky after that!!
Awesome! Congrats! Profit is profit! That's how you play.
Probably a little relief rally is needed from this heavy selling, but I think the general trend is down. According to elliot wave theory: If this was wave 2 up that topped at 1363 a few days ago, then we are now in wave 3 down (4 up and 5 down still to come). If This is wave 3, then the initial target is low 1100s.
Wave 1 down: 1426-1266=140
Wave 2 up: peaked at 1363.
So wave 3 target is 1363-140x1.62=1120
Enjoy
I am short since 1340.
Bingo!! Close at .21: HOD. Houston are we now cleared for lift off!?
Given that markets are down more than 2% for the day, this is a very strong day for ONCS. IMHO!
I just sold all my shares, just to be on the safe side: when in doubt get out (or it's better to wish being in the market than to wish you are out...) THIS IS NOT TRADING ADVICE!!!
I just want to see what happens tomorrow, and if all looks good to me, I'll renter. Nothing lost! Right now I am enjoying a 32% profit! Weeeeeee!!!!
IDNG Mid-Day Update: Forward Split Confirmed
Congratulations Members,
To all those who were betting on the approval of IDNG's forward split, congratulations! Moments ago, news was released confirming that the forward split was approved by FINRA and will take effect on June 22, 2012 at 9:30AM EST.
Read the full news release below, "IDNG's split is a go"!
_________________________________________________
Independence Energy Corp. Announces Effectiveness of 5 for 1 Forward Stock Split
SEAL BEACH, CA--(Marketwire - Jun 21, 2012) - Independence Energy Corp. is pleased to announce that the Company has received confirmation from FINRA regarding the effective date of its proposed five-for-one forward split of its common shares.
At the market opening on June 22, 2012, the Company's common stock will begin trading on a post-split adjusted basis under the new CUSIP number 45343Y 205. The Company's ticker symbol of "IDNG" will remain unchanged as a result of the forward split, although a "D" will be appended ("IDNGD") for approximately 20 business days to indicate to investors of the recent reorganization.
As the result of the forward stock split, each shareholder is entitled to exchange their existing shares for five times the amount in new post-split shares, payable upon surrender. The Company expects that shareholders holding common shares at registered brokerage firms will have this forward split transaction processed automatically in their accounts over the next few days. Shareholders holding physical certificates representing their shares are NOT required to submit their certificates for exchange to receive full credit for forward split shares. Physical certificate holders may contact the Company's transfer agent, Holladay Stock Transfer Inc., at (480) 481-3940 to facilitate the exchange of their old certificates for post-split shares should they wish to.
"The completion of this forward stock split follows several months of strong IDNG share-price performance and underscores our commitment to continued pursuit of attractive shareholder returns," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "We expect that the implementation of this stock split strategy will place our stock price in a more attractive trading range for a wider-range of long-term investors and have a positive impact on our ability to fuel the future growth of the Company."
Read the full news release here.
_________________________________________________
For more information about forward splits, visit Fool.com/FoolFAQ/FoolFAQ0035.htm.
I am still not sure, could be a trick, or legit and i think its the latter. but the forward split will NOT affect your amount invested, it will only INCREASE the number of shares you own: 100 shares at $5 will be tomorrow 400 shares at $1.25. With the lower price, many can buy in again! A 25c increase will then be 20% green in your account instead of 5%.
Maybe, note that they always write/wrote; we INTEND to buy, etc. never a firm statement...
I feel sorry for those who sold today. As This was coming; warnings were given, trades posted... Etc. GLTYA, see you at the next play
Go to: www.worldstreetfundamentals.com
There you can register.
Note the ascending triangle that's now in place, a bullish pattern, with the top horizontal line at .200 (going back to late May, or even to mid April if one pleases so), and the lower ascending trend line starting mid May as well. Prices have tagged this ascending line nicely ever since.
Break out is often accompanied with increased volume, which we may have seen today, though today's closing price didn't get above .200, but HOD did!
yep, it's removed on mine too. .21 is HOD. Getting awfully close
WSF email this morning: A very important update,
We want to bring everyone up to speed on the current trading within IDNG so each and every member understands the massive opportunity presenting itself right now. These are the days that define us as a newsletter and have historically resulted in tremendous returns for our members. We are talking about a massive short squeeze about to be triggered.
This is the type of situation that has made our members millions on past profiles.
Let us explain quickly.
Today's action confirmed our belief that there is a massive short position in IDNG. As everyone is aware by now, Independence Energy Corp. (IDNG) released major news this morning of increased production on its Quinlan Lease Oil Property interests.
This development proved many "naysayers" wrong and added pressure to institutions who had been betting against IDNG's track record of successful and consistent development. With the 5:1 forward split only 2 days away, today's trading confirms these institutions want to cover before the split.
We knew this day was coming, although we were not exactly sure when it would happen, we knew it was inevitable. It is no coincidence that an attempt to instill panic in the market happened moments ago, only 2 days before the forward split.
What happened?
At about 10:20AM EST this morning, institutions who have been betting on the wrong side of the trend on IDNG (from as early as March), tried to bring down the price and trigger a panic. Their goal was to show weakness in the company but instead, they found a strong shareholder base and much more support than they ever anticipated. As they tried to push the company down, a major influx of buyers came into the market. These buyers bought up these artificially reduced shares, as they no doubt knew there was no substance to the panic. Within 30 minutes, IDNG was back in the green and is currently trading positive on the day.
What does this mean?
This means these institutions have tried to sell shares they do not own. They sold these shares at artificially low prices to try to spark a panic sell-off. Well, it didn't work. IDNG has already recovered to establish new highs and now these institutions are left with a massive short position, even bigger than before. They must now cover at higher prices and are no doubt feeling the pressure from their losses. A massive buy-in could be triggered at a moment's notice.
When will the cover begin?
These institutions just showed their hand today, demonstrating their desperation to cover and buy-back shares. It is our belief, and has been our belief all along, that they will not hold through the forward split. These institutions will most likely want to buy back their massive short positions before Friday as they do not wish to risk IDNG running even higher after the forward split. Based on our own due diligence conducted, technical analysis and past performance in these situations: we believe that once IDNG trades above $4.75, a massive buy-in could be triggered and IDNG could quickly trade well into the $5.00 - $6.00 range.
There is no doubt in our mind, these institutions are now scrambling to cover. We knew this was the case, we knew this was coming, and today has confirmed what we have been saying all along. They are desperate and need to cover. Members, could this be the catalyst that presses IDNG to OGA's $7.25 target?
Based on our due diligence, when IDNG breaks above $4.75, we could see the beginnings of a buy-in. A break of the $4.90 level could see an absolutely massive short-squeeze, potentially forcing millions of dollars to come flooding into the market.
Keep in mind, our estimates of $5.00 - $6.00 are based upon past patterns, historical trading, and projections from the current trend line in IDNG's chart. Historically, these projections have proved highly accurate in recognizing probable patterns in IDNG and as a result, we believe there is a strong probability IDNG can trade into the $5.00 - $6.00 range. For more information, please refer to our chart reviews from previous alerts. One thing is certain however, we are more excited than ever before for what is to come for IDNG.
The above statements are based upon our own due diligence conducted. We encourage members to use this as a starting point for further research into Independence Energy Corp. (IDNG) and to draw your own conclusions of where you think IDNG is headed.
For more information about short positions, visit OTCShortReport.com/IDNG.
A massive opportunity is building. Once IDNG breaks above $4.75, we could see a massive short squeeze into the $5.00 - $6.00 range.
_________________________________________________
Good volume, .20 finally broken, .30 is confined trade but probably a fat finger indeed, looking all very bullish to me! Weeeee.
Thanks! I am going to pound my self on the chest here, but lately I've really been in rhythm with the market. Nailing profit after profit.!!! Feels good.
A lot better than late last year where I was totally out if sync... And lost a lot... Happens to us all ya!? And that's how we learn!
I so agree! No volume, no buyers, stock goes down. Simple. I Sold my SPYs for nice quick (3 day hold) profit this morning !!! (not trading advice)
I am Sitting on the side line now to let the real big boys determine the fate of the market. Once they make the train go North or South I'll jump on it too at the next station (as there are plenty to come). Right now the train is still standing still, time to get off, and bask in my lill profit. Weeeeee!!
I hope nobody panicked during the shake out, and that several of you who were on the side line grabbed a bunch of low 4s and are now enjoying the train back up again?
Those who haven't been in IDNG long yet (I've been since early May): they shake this decent at every key level.
Sit down, relax and enjoy the days to come!
I know! It's showing .21 on my brokers account! Weeeeeeeeee
I call it a crash since it is green everywhere else. I have +5-10% on other tickers and GWBU is at -10% that's off by 20% cause that money in GWBU could have worked much better somewhere else... Glad I sold yesterday! If it goes green for real I may reconsider entering again. Right now my profits from yday's sell are making more profits somewhere else. That's investing! Everything else is called loosing out...
Remember: seatbelts are needed for crashes! That's pretty much what GWBU did today! Green everywhere on the markets, except GWBU. Glad I got out yday and bought more SPY: weeeee!!!!
Interesting! But, up is up! Green is green. Keep fingers on the (sell) trigger: Bernanke is up next!
Exactly: on to the nxt one we go! Don't marry a ticker! Green is green and I take it! 10x less than I'd hoped for, but 10% is still nice (better than my 0.1% at BoA savings account) lol!
I was already wondering when u'd sell! I sold yday and announced that real time here too. Nobody noticed... Profit is profit, alas it not being as expected. But, such is life! Now we live to fight another day with an even bigger portfolio! Awesome!
Everybody here who joined late(r) to the party said kinda same thing, but each has made coin so far... Just saying.
Maybe a combo of both? Namely; some Serious blocks (30-50K shares) have been bought lately. Looks like front loading to me!?
Parabolic SAR flipped below candle today: bullish! Price pushed up against upper BB and BBs are widening: it takes (serious) strength to do that! Looking good IMHO!
I announced yesterday in real time I sold all my shares! Which I had promised to do so; I keep my word. I hope everybody took notice!?
Great news! Yesterday saw the expected down day since on the 30min chart there was negative divergence on the MACD and SSTO. That has now been worked out and the uptrend can continue. On the 30min chart the 8MA is about to cross the 34MA from below: bullish!
Question is: sell on Thursday to lock in profits and rebuy on Friday at 4x lower prices due to the forward split or keep position as is? Any thoughts/comments?
I sold all my shares today. As promised I would announce this! I sold for a 15c profit. That's 10x less than i'd hoped for but profit is profit. Reason I sold is that
1) it's getting really late in the promo
2) getting really tired of all these red days
3) this is NOT how a promo is/should run IMHO
Will I re-enter? Maybe, but only if I see solid gains. GLTYA!!
From past promo lengths I expected the same, but given APS rep to screw every one, maybe they'll just run it 2 more weeks!? Wouldn't surprise me either, lol!
Nice day yesterday. Increased volume and good gain. Let's see if MWW can now stay above its pivot points 50d SMA etc!
I got this chart in my emails too. What's not showing is that the forward split will reduce the price by a factor of 4... Or!?
Impressive chart Jeff! I agree with all your comments. Of further note is that the MACD is crossing the 0 line, which is also bullish. Same goes for the TRIX. ADX shows not much of an uptrend, but neither a down trend; that's IMHO because the uptrend has been very gradual and is just coming off a big drop. Pps has been above 20 and 50d SMA for some time which is good and the former crossed the latter, which is also good.
0.20 is indeed key and once that goes mid 20s are up next real soon with 30s insight!
Garyst! Yes on all accounts!
Was I surprised by today's slightly red day: YES! But again no dump! That's a strong sign.
Would I have liked to see GWBU (much) higher by now? YES. But, it is what it is.
Do I think GWBU will run much higher? YES. APS has been holding this one on a very tight leash for what ever reason.
Is APS/WDCO in control? Absolutely! Otherwise it be trading at a few cents by now.
Will I take profits soon? YES, most likely somewhere mid next week.
Will it runner higher then? Probably, but profit is profit and it has been long enough by then.
Have a great weekend!
I agree! Higher highs and higher lows: Looking good. Once .20 breaks its going IMHO. Have a nice weekend y'all!
Another 2% green today! Weeee! Enjoy the slow grind up till the 22nd! Have a nice weekend y'all!