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OTC short reports over the years in my opinion have always been off so I wouldn't be concerned, nor will I trust it until some concluding evidence points to their accuracy.
Lol bought plenty of October 14th 112 puts for nothing today, it is easy money if you understand the position as well as chart from my perspective. I posted it after hour's as well with intentions to simply watch where it would continue to intraday to get a perfect entry, and have also been profiting off of it very consistently 100%+ each trade and will continue. 2.79 for one right now, with potential for it to move back down to 100 with little upside left, I'll take that position every time I can with that risk/reward profile. Also I take a top down approach, in my opinion as well how many alg's trade when a stock isn't confirming with it's pare's that's a divergence for the stock to rebound to match with them, not stray and miraculously continue as a lone wolf.
$RXMD Solid Buy, Chart included
(chart's at bottom)
This stock has performed to the textbook on how a stock should move. Click on the chart, which is annotated to help explain, from a technical and fundamental point of view it's setup perfect.
Supply and demand has been balancing in equilibrium, selling pressure will wither away, demand and mark-ups will occur after this, and then everyone vested will be happy.
Trading dependently on news, and expecting big moves to come immediately especially on a stock where people's vested interest ranges in such huge proportions especially with the amounts they could hold relative to the float isn't reliable, news is always a great time to take profits due to liquidity.
This chart is from yesterday, posted it on here, not realizing the original got removed, so made the edits necessary to repost, also a compilation of a few other prior posted things, but was posted to late so got passed up once morning started, so if they don't flow well that's why
Oh two other things, Fundamentals don't drive stock price, price action does, fundamentals contribute to people's perceived value, better fundamentals higher perceived value which in the longer run result in higher prices, but on a intermediate term where the stock is at in it's price movement is the most important, the stock just went through a 150+ day move with a 900+% move, I don't care what fundamental new's come's out during the last month and a half, the stock has to cool off and find a balance prior to moving forward further to grow organically, much rather see that in a stock than no consolidation, because when an OTC stock doesn't cool off, that's when your going to see a 50% decline in a day or two.
Second your not going to find a better investment considering the equity market's current position, the OTC market is pretty uncorrelated with what's about to unravel, and well RXMD performing to the textbook, delivering those gain's and that length of time in a move, I don't see a relative stock for comparison to this.
a 50% retracement is healthy but looks drastic in this case due to the fact that practically the whole share prices status was derived from that major move, a 50% retracement almost corresponds in this case to a 50% drop in the share price, also without knowing how many shares were held from the 2's and under the profit taking from that could take awhile to establish a new majority base averaged in high 2's and low 3's drying up most of the demand and allowing it to run free again. I won't say it's broken unless it breaks .025.
I'll be straight forward also I haven't been following the company much in regards to how it's been flowing other than just now casually charting it to stop by for everyone, I no longer play in the OTC market, only do future's and options these days, as I can turn consistently a much higher profit from that, but figured after being around for a year, a casual checkups always fun. I think that regardless the next month will be critical and is a solid investment with a stop at .025, it'd leave you with a 10.71% risk, and if you did a minimum price objective of just 100% that'd leave you at a 9.9:1% reward to risk ratio which is pretty solid in my book.
Click to enlarge
it's pretty explainable
A little off topic, but what about AAPL as the only dow30 stock in the green, gapped and is sitting at almost recent high today while the rest of the tech sector is progressing to new recent lows... Talk about an easy money put position..
But I guess time will tell (:
My thing about that is, a 50% retracement is healthy but looks drastic in this case due to the fact that practically the whole share prices status was derived from that major move, a 50% retracement almost corresponds in this case to a 50% drop in the share price, also without knowing how many shares were held from the 2's and under the profit taking from that could take awhile to establish a new majority base averaged in high 2's and low 3's drying up most of the demand and allowing it to run free again. I won't say it's broken unless it breaks .025.
I'll be straight forward also I haven't been following the company much in regards to how it's been flowing other than just now casually charting it to stop by for everyone, I no longer play in the OTC market, only do future's and options these days, as I can turn consistently a much higher profit from that, but figured after being around for a year, a casual checkups always fun. I think that regardless the next month will be critical and is a solid investment with a stop at .025, it'd leave you with a 10.71% risk, and if you did a minimum price objective of just 100% that'd leave you at a 9.9:1% reward to risk ratio which is pretty solid in my book.
Oh two other things, Fundamentals don't drive stock price, price action does, fundamentals contribute to people's perceived value, better fundamentals higher perceived value which in the longer run result in higher prices, but on a intermediate term where the stock is at in it's price movement is the most important, the stock just went through a 150+ day move with a 900+% move, I don't care what fundamental new's come's out during the last month and a half, the stock has to cool off and find a balance prior to moving forward further to grow organically, much rather see that in a stock than no consolidation, because when an OTC stock doesn't cool off, that's when your going to see a 50% decline in a day or two.
Second your not going to find a better investment considering the equity market's current position, the OTC market is pretty uncorrelated with what's about to unravel, and well RXMD performing to the textbook, delivering those gain's and that length of time in a move, I don't see a relative stock for comparison to this.
oh and hahaha at everyone trying to roast a good investment, because they got burned by buying at.05 and lost 40% due to selling, that has nothing to do with rxmd, that has to do with being an educated trader, lol if your plan is to trade a stock, entering at the top of the move is not the go to, and well if your an investor the dip doesn't matter due to your longer holding time you would've incurred no losses after the next move takes place.
This board cracks me up
Triple broadening top anyone?
Okay I may just be having some fun by throwing the third one in there, but as I've posted prior that until we see the next strong reaction, I'm pretty convinced that this is a broadening top, plus where were at in this large scale move, fits it perfectly....
Kinda looks like Pacmans eating each other.... or more officially broadening top fractals
SPY to 217.41-218.88 then we'll see 210-212 bounce to 214-215 then fall to low 200's
I guess we'll see (;
But inputting adjustments dependent on what a speaker says isn't capable in neural networks or alg's as they can't really process a speech due to fuzzy logic and such. They could in a sense adjust the likelihood or interest rates and such but that's still a grey area.. they depend primarily on clearly stated rules that are specific, not anything requiring thought to process.
Edit: Nvm, thought you we're the person who commented stating that the speeches made a big difference...
In a very simply written way, supply and demand. Supply and demand level'd out over summer and found equilibrium, and well now supply's taking it's turn in distribution.
over under on nikkei 5.5% decline by close
Future's looking to open down 3%
Couldn't something of this, disqualify her for the presidential position?
stock charts back up btw
Really interested to see monday.. If the VIX flies into a new channel and the SPY makes another 2%> move to the downside we may be looking at a 10%+ move down in a matter of the week, comparative to the last two sell-offs, hoping for a nice move down though a solid bounce to reset the risk of the upside then load extremely strong on Longer term puts in the 216-217 range and watch a collapse deliver 3-500%... or even pick up a light call load at 208-209 let it bounce up then just roll all of that into puts on the topside
Way overdue, finally some excitement, about half of the dow have already began retracing to the 50% marker from the move of brexit to overbought peak, likely to see the SPY head down to that level then see a bounce or just full continuation to low 200's high 98's
http://www.zerohedge.com/news/2016-07-10/over-13-trillion-negative-yielding-debt-pain-1-spike-rates-would-inflict
"there is now $13 trillion of global negative-yielding debt. That compares with $11 trillion before the Brexit vote"
Already an 18% increase in just a few months, this will be fun to watch unravel.
Of course it will, honestly the stocks a no brainier. This stocks setup perfectly on a technical standpoint, the fundamentals have always been strong, now the company's growing nationally. It undergone it's tarpon transaction of paying off debt through share financing while returning for me personally over 500%. It's one of the few penny stocks that also could handle a perfect correction, not some wildly volatile sell off. Then it also held its pps through the penny markets seasonality, while releasing news on national expansion with clears signs of heavy accumulation,
Easy money $$
RXMD Primed for explosive move,chart included
Did a simply one just cause you brought it up haha,
But Volatility has been on the low for to long time for it to snap up.
Looks to have undergone a perfect ABC reaction, landing right on the 50% retracement mark, breaking out of the downward pressure. $RXMD's looking good!
Click to enlarge
Just not in the OTC markets much anymore, trading a lot larger scale on futures and such so been a little preoccupied, I think with the basing in rxmd, the risk currently involved in the larger general financial markets, we could see a nice mark up from the accumulation, and money flow from it running counter to the equity market. Rxmd flies S&P dies
It's been here way to long, accumulated enough, mark up to come soon just wait, doubt it'll break lower, it's stayed here for a reason.
guesses on when italy's banking system will pop?
lol also whats going to happen to all of the derivatives and such that's been bought through quantitative easing and other monetary policy that governments hold, when everything crashes, they can only support so much, before either their currency begins to fully devaluate, or they are forced to sell off what they own as well. The amount of accumulation and large holdings currently in portfolio's is currently stupid, once this pops the level of distribution that will occur, will be very interesting.
Obviously this is going to be quite subjective, as this is just a open minded assumption/ hypothesis we'll have to see, but whenever I look at patterns and notice them on a smaller scale, I derive them to the larger to help point an idea maybe to scale to what's going on now. This is also to kinda spark conversation,
If you notice on the smaller scale, we have your base consolidation/reaction at the top, Down-Up-Down, then instead of breaking out and continuing up, it looks like we get marked up/ overbought and then sold off, into a major bottom, well if you derive the smaller pattern and scale it to the much larger picture, it looks pretty similar to what we've done over the last year...
Interested to see everyone's thoughts, and hopefully everyone's primarily on the same page about human behavior is fractal, and scalable, if not read into behavioral economics and such.
Click on the picture to enlarge.
A long term hedge which will be very profitable, is buying Dec. 21 2018 Puts on SPY @ 170 for around $11 each, easy money to accumulate those and save them, we'll hit 115-130 after the next bear market within the next 2 years, and well having a savings account with those will make you 500-1000% depending on how quickly that bottom comes, and how great volatility increases.
Saying it should do much more than that. Even if it was breaking out, which it's not, this is a false move which will be fun to watch reverse, it'll pullback regardless of which direction it's go to 209-211 area. So you should be in good shape with those.
I like it, double your money on a 1.5% decline, which is far under what it's looking to do.
The south sea bubble (:
Lol people are borrowing so much debt against their liquid assets forgetting that all of the stock and derivatives they own have a factor of volatility. So that when everything finally pops, and people's liquid asset's that they mentally accounted toward some debt or other cost, all of a sudden disappear, and lose a significant amount of value, leaving them upside down, this should be very interesting. 7 1/2 year bull moves don't end pretty
lol we'll see where the crowd takes it, and how high they want to mark it up before the next line of selling occurs, but it seems to be right here, I don't really care about being to specific on price, it's just a marker to profit off of when it gets radically out of line, with where it should be at relative to technicals and such. So I am bearish would be the correct answer yes. lol people are idiots, I give up on calling tops with a price, because how mindless general investors and traders are buying things up lol is now just a comedy show to watch.
lol everything points to this being a textbook top, and your response just makes me feel even better about that. Ihub's a fun contrarian indicator.
lol and that's why you buys puts and let the rest of the uninformed do their thing lol..
Lol SPY is currently up on lack of selling, b/s pumps prior to openings through gaps, currently vertical, technicals aren't quite confirming, and are downtrending. Looks like an exhaustion move, higher it goes harder it'll fall.
Picking up some more put's on the peak of it..