Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Me too, navvin. Case in point.
Makes a good case for something better, huh?
Good thing I pay so much for such unreliable service from MCT, and then have to pay Alphatrade to verify MCT all the time.... yeah right....
It is my understanding that the iFinix product will have checks and balances that compare L1 and L2 data, and when the top bids and asks of L2 don't match L1, that top bid or ask would be detected and removed from the L2. FRAN should have been removed from .0018 a long time ago.
All IMO, LONG on INXR.
Dip is getting bought bigtime. CMF on 15min and 30min interval chart shows a lot of strength. Congrats to those who managed to pick these up here under .002. Gotta love the Friday bargain hunt.
Agreed. Exactly what I just said in my latest post.
http://www.investorshub.com/boards/read_msg.asp?message_id=18150975
I agree that it's the same situation as prior to the last run.
They bring us down on low volume relative to the volume that it took for the short-term uptrend that preceeded it, perhaps covering some shorts, and then they let it fly.
From 3/7 to 3/21, we traded even or up overall, with an aggregate volume of 909M shares. Given that about half of yesterday's volume was neutral, I'll add in 1/2 of yesterdays volume, bringing the total to 925M. Today we're down 2 ticks on a Friday on less than 8% of that overall volume. We went from a low of .0011 to a high of .0021 (I'm excluding the 2 .0022 prints at less than 500K volume), for an 11 tick move. So this is an 18% pullback on less than 8% volume of the move.... On a Friday. Even if there was parity between the volume and the size of the pullback, it would be normal, IMO.
Looks to me like some cheapies are being had from a relative few. No worries here. One man gathers what another man spills.
All IMO, LONG on INXR.
Nice open, guys.
Nope... you know what I know.
All I know is I'd like maximum assurance that the release of their L2 product will be stable and well supported, and if I have to wait a little longer for that assurance, I'm prepared.
Because the last thing I want to see are issues with the service once they are live. Especially since I want to use it myself.
In the meantime, I guess I'll have to keep shelling out the dough for MCT and Alphatrade.... ho hum....
As long as they keep making positive progress on all fronts outlined in their PR's, I'll be a happy camper.
All IMO, LONG on this sucker, and liking it.
INXR: A sweet stair-step chart a-buildin'.
Looking great here.
Tomorrow is another day, and the story keeps getting better.
Looking forward to product launch and further advertising and maybe even a broker deal.
I'm so sick these slow browser based L2 programs like Alphatrade & Microcaptrade. Every day it's like, "hmmm, which one's working better today?"
While I'd always like to see more, one uptick a day or even is all I ask. We're building such a strong base as we go, with support continuing to build ever higher beneath us, I think we could start to see bigger increments very soon. If we end up continuing to build that perfect stair-step chart like we've been doing for the past 12 trading days, I think just based on that alone, we'll have so many new faces coming in to get their piece along the way. That could make it easier for everyone to achieve better profits along the way in a more measured and sustainable fashion. Of course, "free" shares are always nicer if the stock they're in doesn't get crushed while you sell to cover your costs to begin with. Because free shares are really not free.
I wish all the newcomers the best, and appreciate the company of all of the patient longs who have been here since January and beyond. While it might be turbulent at times, I really do think we have a great board here, as well as a solid company.
As usual, all IMO. Don't let me think for you. Think for yourselves.
I think you may have misunderstood where I'm coming from. I'm not against T/A, and yes, they are indeed crucial. I agree with you 100% on that. I find T/A to be extremely valuable, as well as fundamentals, and money management. My point was, I encourage people to use *their own* T/A... to create their own charts... Ones that suit their own trading styles and timeframes... Because they are *that* crucial. I thought I made that clear in my post--my apologies if it was not. I would never intentionally suggest otherwise.
mjc1, you're absolutely right. And indeed, I follow my charts.
And I'm glad you got out of those other plays with profit.
1. Breathers can be built in along the way. HMGP, prime example.
2. Ask yourself these questions: Is a DMA of *exactly 5.0* always the best number to use on every single stock out there? How about 5.5? or 4.5? or 5.3141592654....? And is it good for every purpose? At every moment? Does it ever vary on a stock? Do you adjust your intervals and time periods to accomodate changes in share structure? Do you match your parameters to the volatility of the stock?
Perhaps if you could use a different MA, or a different sampling interval, you might better understand the price action.
Wow, dude, that wasn't intended to be personal at all.
Was more of a joke than anything... Just making the point that there's good support.
My apologies if you took it differently than I meant it.
LOL, Please, bidwhackers and fools, hit me on the bid.... please!
To the best of my knowledge, I have never hit the bid on this issue. Anything that I've sold, I've sold at the ask, or in the spread. Of course, because MM's play their games, the bid quite often may very well be in the spread, and not properly represented "on the L2 box."
And frankly, I've sold but a small fraction of what I've bought, and I've bought back the majority of my shares by catching bidwhacks. That's the way I play the game when I know what I hold. And I do.
Like you, SWFfileman, the majority of my position was built by hitting the ask, because I have confidence in the play, and the shareholder base, and because it would be counterproductive to do anything otherwise. While building a core position in a stock, I like to give it a push along the way, and support it after I'm in.
So the answer to your implied question, is that I believe I'm part of the solution, not part of the problem.
And I should add, I don't think the bidwhacking today has any real acute longevity. Bidwhackers don't have unlimited shares.
Fortunately it's just a small part of the mix here. Goes with the territory, I guess.
All IMO, LONG on INXR.
Don't let me make up your mind. Make up your own mind.
Yep, seen that. Quite funny actually. We're up 900% and since day one "trendspotter" on that site has said it was a sell.
Kinda useless, huh?
The rest of the stuff on that site has been moderately accurate.
YMMV... I do my own T/A...
All IMO, LONG on INXR.
Well said, mimurray, my point exactly.
OT: Lexey, and others who want to learn T/A from one of the true pioneers?
try "Come Into My Trading Room: A Complete Guide to Trading"
By Dr. Alexander Elder
# Hardcover: 320 pages
# Publisher: Wiley; 1ST edition (April 19, 2002)
# Language: English
# ISBN-10: 0471225347
# ISBN-13: 978-0471225348
And if there's one thing that book taught me, it's that using the most popularly used indicators and following other chartists is not the most profitable strategy.
GLTU.
Oh, and can we please take general discussions of T/A to another board? There are many other boards more suited for this stuff.
I've had a buy order in at .0019 for three days. No fills, no partials.
You want .0019's Dart? You better get to the back of the line, or hit the ask at .002+
And to anyone who is not experienced with the L2 behavior on this issue, just because an MM backs off the bid, doesn't mean he doesn't have shares to buy at the bid. That's just part of the games these MM's will play.
See my previous comments on this here.
http://www.investorshub.com/boards/read_msg.asp?message_id=18131660
and
http://www.investorshub.com/boards/read_msg.asp?message_id=18094507
As I posted yesterday, the wick to .0027 is inconsequential.
There's no resistance at .0027. The resistance is where the majority of the trades took place on the highest candle, A.K.A. the candle body. It only takes 1 print of 1 share at .0027 to make that wick. In this case, there was no significant volume anywhere near .0027.
IMO, We'll move up when Mr. Bidwhacker is done, which should be soon. In the meantime, there's no question in my mind that the majority of folks in this are not selling here, and that it's just a few impatient clueless newbies that keep moving their ask down 1 tick or bidwhacking, rather than sticking to their plan and waiting for buyers to come to them. I mean, think about it... there's only 1 other MM on the top ask all day. Selling at the ask has never been difficult when everyone else is holding fast for their target prices.
In any case, these micro-movements mean very little in the grand scheme. You could calculate the average price for the day and it would probably be within 5% of yesterday's average price. We moved up 2 yesterday, and today we got our micro-retrace. This is totally normal trading pattern for the past 12 trading days, and is a great sign of strength. I've also said many times, I do not believe that daily charts are a good way to properly reflect price action on INXR. All stocks have their cycles, and taking snapshots of price action at the wrong intervals will give the wrong impression. For short term action, INXR would probably be better represented over the same period at 6 hour intervals.
Again, this is the "unfocused lens" that I keep talking about.
Hopefully all those people out there who blindly follow the charts of others will stop and think about how they may be being misled by those charts, and perhaps instead start doing their own TA. I'm always amazed at many people's willingness to cast doubt on the words of others on message boards, while at the same time taking other people's charts as unquestionable gospel. Then again, I guess that's why the runaway majority of people lose their $ in the market.
I believe that true success achieved by the 5% club comes only when you do your own charts, when you do your own research, when you make your investment decisions purely on your own grounds, when you use your time wisely, when you find your own plays, etc.... There's not a trading book out there on the planet that says the best winning strategy is to follow the charts of others on I-hub.
Getting hung up on the minute to minute action on INXR is a giant waste of time, IMO.... time better spent looking at other plays that are obviously shorter-term plays, frankly. The weekly charts, the daily*4 charts, the daily *3 charts, the strong shareholder base, and the fundamentals and potential of INXR, all tell a truer tale and give me the real clues I need to be able to step away from the screen with great confidence.
If 5-10 short-term retail flippers out of hundreds of shareholders want to bidwhack for half a day, let them. I know what I hold, I've got additional buy orders in place to do my part in absorbing/taking advantage of some bidwacking (and I know I'm not the only one), and if the stock wants to take a short term excursion to test support levels, I'm confident that iFinix has given enough of us reason to hold for greater gains regardless. The last thing that I fear is a mass selloff to the point where I lose sigificantly long term. In fact, fear has no place in the winning trader's mind.
And if you're here for a short-term flip, then you must be a novice, because there's very little in the charts that suggest that this is a good short-term flip. Novices, exit stage left, please. Or just stick around and learn.
All IMO, LONG on INXR.
Don't allow me or anyone else to think for you.
Think for yourselves.
Ha ha ha.
Looks to me like he's finally getting ready to cover his short position.
It's about time...
I know BAND had bought a boatload of shares very early on, and sold a good quantity several weeks ago now. Honestly, I don't think they have anymore, and I really don't expect them back.
Also, keep in mind that it is possible with certain brokerage accounts/brokers to buy with 1MM and sell with a different MM.
Exactly what happened yesterday jk21. Great observation.
I do think it's VNDM short covering of some kind... only because the behavior and sizes of the buys are so similar to yesterday.
When VNDM thinks there's enough of a lull, he goes to town with covering, slowly at the ask, in small increments, in hopes that he'll get lucky and someone will dump to him at the bid while he makes his small covering orders at the ask.
That's the way I read it.
Cee-It, LOL, the last place I ever thought I'd come across an IBM Websphere Redbook is this board. Over the top.
Nice addition, well said.
Oh man, now I'm sorry I asked. Good thing I know you were not talking about this stock. LOL!
You beat me to it duelittle!
Great minds think alike. Excellent point.
Didn't notice your post including HMGP until I finished my response to TFN.
I'll tell you something else about that chart. It proves to me that perhaps daily RSI(14) is not the best interval and period to apply to the price action of HMGP if you're looking for maximum effectiveness of the RSI indicator. Simply put, daily RSI(14) is akin to a view through an "unfocused lens" on the HMGP chart, as I believe it is on the INXR chart as well.
All IMO, LONG on INXR.
Charting isn't as simple as many would have you believe.
Learn to do your own.
Well said, TFN. Further...
The first time the daily RSI(14) went into the powerzone (70+) on INXR, the PPS went up for 8.5 days before retracing hard. My chart shows that today was day #2 with the daily RSI(14) in the powerzone. Furthermore, this latest leg we're in is climbing in a more controlled and measured ascent than the first leg. This time it may very well be possible for the daily RSI(14) to actually bounce around inside the powerzone over many more days without the huge kind of retraces we've seen previously. I attribute much of this to the idea that people's entry and exit points have recently become more staggered, and the money flow more fluid and less volatile. If we continue to build our retraces in as we go, the daily RSI(14) can stay inside the powerzone for several months.
HMGP, *prime* example.
BTW, TFN, excuse my ignorance, but what's a KOD?
With an alias born on MONDAY, I'd like to welcome you to a place where people are extremely observant and aware of transparency... A place where posters get taken to task for making negative posts without qualifying or backing their statements up fully. Expect it.
And for the record, "Everyone" is not "on pins and needles".
Speak for yourself. I know what I hold. Most here do, and we're all adults, and we know how the game is played.
Good luck to you.
GREAT post SA. I see it everyday, people foolishly trying to imply that bollies have anything to do with future support and resistance. I applaud your description and willingness to share a dose of reality.
You know, dude, if the RSI(14) (which BTW, you failed to mention time and time again the specific period of RSI you're talking about) were at 85 or higher for several days and then started to drop off, I might agree with your assessment. BUT, an RSI(14) that just hit 70 IS NOT OVERBOUGHT.
Your "warnings" are alarmist at best, and minimally inconclusive. If you want to talk tech, then let's first talk chart intervals, indicator periods, and chart timeframes, and justify why you think your choices for those parameters are specifically valid and well matched for the price action. Then, and only then, will I take such comments seriously.
Needless to say, having spent a loooooooong time watching the PPS action on INXR, I don't agree with a thing you're saying.
All IMO, LONG on INXR.
I encourage everyone to think for themselves, and beware the agenda of the popular (and not so popular chartist).
Because of the way we've been moving up, nice and steady, I do not believe we will see any resistance at .0027 at all, especially since there was hardly any trades at .0027.
Our true resistance on daily charts was at .002, from the top of the body of the last highest candle. Been there, done that, slayed that demon. From here on out, I think resistances will not be visible on daily charts. They will be *intraday resistances*, and no daily chart will show it, no matter how hard the "popular chartists" try. And no, Bollinger bands with randomly chosen periods that are not properly matched to the price action (e.g. 20.... wrong!) will not indicate or imply future resistance, especially since Bollinger Bands are indicators of volatility, not support and resistance as many would like you to believe for their own purposes.
Anyone that says that .0027 will present any amount of resistance is probably either totally full of crap, or is trying to manipulate the sentiment of the board in an attempt for cheaper shares, IMO. Skaka, that's not directed at you, even though I'm replying to your post. Just taking the opportunity to make what I believe is an important and valid point about .0027.
All IMO, LONG on INXR.
What's obvious to me is obvious to me.
What's obvious to you?
GEGP, wrong L2 screen SL.
It just goes to show, doogle, that if you can get the price action in proper tune to the float and sentiment, you can build a chart that builds slowly but reliably with retraces built in as you go. I liken it to being in harmony with all parameters. We've all seen that perfect chart on other stocks. The 5MA that many traders use is not always the perfect line. Sometimes it's the 6MA, sometimes it's the 4MA, that best reflects optimal price action for a given stock.
All I know is, if you can get the buys and sells to be in harmony with the float and shareholders, amazing things can happen that end up having little to do with anyone's conjecture of what is overbought and oversold according to conventional indicators and intervals that are almost never carefully and properly tuned to the price action.
All IMO, LONG on INXR.
Somewhere around 12-12:30 today VNDM was at top of bid.
I'll go a step further and say that I perceive the fact that VNDM is a bit more active on the bid today than usual might be a sign of imminent capitulation.
I've said it once, and I'll say it again.
We don't need volume to move up.
We need reasonable, controlled sellers, and a majority of shareHOLDER'S, which is what I think we've seen for days now.
Nothing to do with huge volume.
One tick a day, keeps the pressure building.
Just the way I like it.
All IMO, LONG on INXR.
I'm not worried about VNDM. I think he picked up a small amount of shares today, but I think it may have been short covering. Anyway, I don't think he's got too many shares to sell. Just a stupid scare tactic, IMO. He can have 1M shares to sell, and he'd still be there. Can't really tell.
All IMO, LONG on INXR.
OT: No, it just means that there's hardly anymore shares to sell at .0021. The price doesn't have to do anything other than *approximate* the PPS for which people are willing to buy and sell.
Key word... approximate. Reading L2 is only valuable in the context of MANY other factors outside of L2.
Listen, you really gotta read up on L2 and watch it for a while on a number of stocks. There's no point in discussing it here, as you're likely to learn nothing in 5 minutes.
1 MM left at .0021 on ask. Thin baby, thin!
Great action today guys. Tomorrow could be even better.
This sucker is tight. Small retraces built in.
Stairsteppin' it up, building a wonderful chart...
Holy sweet pressure cooker, Batman!
One tick a day, that's all I ask.
Steady as she goes.
All IMO, LONG on INXR.
Don't listen to me. Listen to yourself.
You're way off. There's much more to L2 reading than just he balance of MM's. You have to take price action and history into account. You can't just take L2 at face value if you haven't been watching it for a while.