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That $1 break was huge. This thing can move very very quickly if that's what they want to do with it.
I understand what everyone is saying, I just need to see it trade. There was a lot of shares traded between where it is now and .90
I haven't heard anything about a R/S but this BK deal sounds a bit like what USU did. 8% of the company will be returned to the existing shareholders after the recapitalization date unless a better offer comes along. Which is almost guaranteed not to happen and I do understand your point about staying away from this. However for the more experienced traders this could be a very hot short term play in the near future.
NO. You know I held what I had for over a year and those we're freebies. I also cashed out some over $3 so I'm way out in front. Besides that I still don't think it's done yet. Yes; I could be wrong but it still hasn't invalidated the impulsive move off the lows. We're always on the other side wanting stuff to go up and waiting for the bottom to confirm but in this case the shoes on the other foot and the shorts need to confirm the top to make me a believer.
You know I've been kicking myself in the head trying to figure out why I can't get this damn VXX count to come out right. I've been over it and over it and over it again and it just wouldn't work. After I took those two phantom candles out from the day CME had that glich it all comes together, wow what an idiot, lol...
I just took a look. Just a heads up in case we wake up with a gap on our hands. If we open at 2.75 or above I'll most likely just take my profits and wait for the pullback. Depending on where we top it's going to make a big difference on how long it'll take to make the pullback and head higher again.
If oil plays out the way I think we'll have the opportunity to make some quick bank off the bounce. Looking at a lot of the tickers coming off the bottom and many are set up to play out the same way oil should move. More on that tomorrow.
Modified count in NG. Two levels I am watching:
- 2.719 - strong signal confirming the low is in (though the red alt 4 count still remains valid)
- 2.628 - below this level further impulsive advance becomes unlikely, and the count will be changed.
Holy Chit Batman, you guys see the volume on Nat Gas today. This is one of those plays that the fundamentalist can get their short handed to 'em if they're unsuccessful at holding this back.
INUV on watch for a $2.17-$2.20 entry.
I'm going to be changing the charts out in the ibox tonight. Everything will be futures based and on a 5 min update loop.
Yeah, I just posted on it. Nice close with 5 waves up off the low. Good volume today and close at HOD as well
MEIP finished the day with 5 up off the lwo, need to watch it for the first pullback.
You know if they have any slides from the Needed conference?
The chart does look bullish but it's smack dab in the middle of a triangle. As long as it holds the 20dma I wouldn't be too concerned. A break above the last high at .70 would light a fire under it for sure.
Some of these guys running around here on ihub just don't get. I'll take 10-15% all day over and over and over.
12% I wouldn't have any regrets either, lol
WSJ says "Nat Gas climb caused by traders who use momentum and charts".
Ya Think?????
13D from Mayor Trans LTD shows new 8.5% stake in NETE.
Low volume the last hour. Looks like a stalemate, lets see who blinks first.
It depends on where we close, have to see if they let it rip or not. I know today was a surprise to many that were looking lower.
I'm torn, not gonna lie. I see that $51CL target and I'm thinking that would be nice but I can also see this making one more high into the close just to make the longs feel good before they yank the carpet out.
Right now the shorts are sitting at their desk hoping it comes back down before the close so they don't have to worry about holding it overnight and it gapping up on them.
At least they kept the pressure on all day.
I'd really like to see NG squeeze up a bit so I can stop sweating it.
GC 1201 NUGT 12.03
Holding 0 shares of UWTI but will be standing on the loading dock for the next load. All out at $3.55.
GC close to moving back over $1200
NUGT almost back to $12
Oil is going to reach the top of wave 3 much quicker than I thought. When it turns down the market will go with IMO