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great post, those that know me, know i hate holding overnight..and there is a damn good reason for that LOL
yeah you have to pay, most of the time if youre trading pinkies you have to pay but if you wanna day trade OTCBB or NASDAQ you can use AMeritrade and make sure to make 5 trades a month and theyll give you Level 2 for free.unfortunately however Ameritrade does not have Level 2 for the Pinks.
so most of us here use Alphatrade and some use a much more expensive software such as Microcapfeed. The price difference is huge but so is the service. I go with Alphatrade, you cant trade with it, you can only see Level 2 and Real-Time charts. I'm still in my first free month, and you can go and sign up and get 1 month free to learn and see if trading is what you want to do. After the free month its usually about 50 bucks a month for Alphatrade. But if youre making 200 bucks a day or even a week, it sure pays off quickly.
Shake.
LMAO..
yeah, trading pinkies is like standing in a high school cafetiria lunch line...
agreed, this is the coziest corner ever LOL
heh well thats because stockcharts is all about charts, and MM is a market maker why would he show up on a chart?
there 2 different things people use to play stocks, either 1 at a time but preferably both at the same time.
Level 2 quotes and Charts.
go to investopedia and learn about Level 2 and youll understand more about MM's and so forth. If youre new i know all of this is confusing, but try to make use the net as best as you can. Search for every word you dont understand and so forth.
anyway to quickly answer your question, you will never know when MM like QUIN is making a move, unless you have Level 2 and you are looking at each stock specifically.
wow past couple of days have been a nightmare for pinkie players.. ECFL,SEC HAULTING, CBAY what next?
althought i was only hit by CIVX and AAPM, gonna go cry now. be back later.
seen the alert, but was too mesmerized by having both CIVX and AAPM haulted on me, down 1.5k now. woopieee
no problem, thats what this community is all about. when you have questions come to us and we'll always respond (at least i will)..but dont expect it to be spoonfed, you gotta do learning on your own too ;) GLTY (good luck to you)LOL
QUIN is my babys daddy
i know right .... jeeeeeeeeez
yes go to Stockcharts.com and go to chart school and READ READ READ everything and anything you see, most of us learn from there.
its usually not important to know what MM's are on what stock, except for the MM's that are known dilutors such as CLYP,VFIN,FRANC so on.
http://www.stockcharts.com will teach you what a wedge is and other chart patterns.
a good source for learning is also http://www.investopedia.com/
type in anything in there, including lingo and so forth..you can try it with "golden cross" and you will get your information.
yeah, i think you can become a much better investor if you use ALL of the tools available to you. i couldve just simply linked him to the board, but its not the same as showing a method of looking for something.
yeh..money changes everything LOL
man QUIN, i love you !!!!!!!!!!!
was thinking the same exact thing
thats funny they shut all of those down but now ECFL which has been a PROVEN scam?? weird dont you think?
REUTERS U.S. SEC cracks down on spam-driven small stocks [GVCFPZN]
By Karey Wutkowski
WASHINGTON, March 8 (Reuters) - The U.S. Securities and Exchange Commission suspended trading on Thursday in the stocks of 35 small companies linked to spam e-mail campaigns urging small investors to buy shares.
The SEC said it launched an enforcement effort to protect investors from potentially fraudulent spam e-mail promoting small company stocks with phrases like, "Ready to Explode," "Ride the Bull," and "Fast Money."
"It's estimated that 100 million of these spam messages are sent every week, triggering dramatic spikes in share price and trading volume before the spamming stops and investors lose their money," the SEC said in a statement.
The SEC said the stocks halted typically sell for less than $1 per share and are quoted on the Pink Sheets quotation service. The trading suspensions began on Thursday and will last for 10 business days, ending at noon on March 21, the agency said.
In one spam campaign involving Apparel Manufacturing Associates <APPM.PK>, the SEC said the company's stock closed at 6 cents on trading volume of 3,500 shares on Friday, Dec. 15, 2006.
After a weekend spam campaign distributed e-mails proclaiming "Huge news expected out on APPM, get in before the wire, We're taking it all the way to $1.00," trading volume on Monday, Dec. 18, 2006, soared to 484,568 shares with the price spiking to over 19 cents a share.
Two days later the APPM price climbed to 45 cents. However, by Dec. 27, 2006, the price had slumped to 10 cents on trading volume of 65,350 shares, the agency said.
The SEC said it suspended trading in the following stocks:
* Advanced Powerline Technologies Inc. <APWL.PK>
* America Asia Petroleum Corp. <AAPM.PK>
* Amerossi Int'l Group, Inc. <AMSN.PK>
* Apparel Manufacturing Associates, Inc. <APPM.PK>
* Asgard Holdings Inc. <AGHG.PK>
* Biogenerics Ltd. <BIGN.PK>
* China Gold Corp. <CGDC.PK>
* CTR Investments & Consulting, Inc. <CIVX.PK>
* DC Brands International, Inc. <DCBI.PK>
* Equal Trading, Inc. <EQTD.PK>
* Equitable Mining Corp. <EQBM.PK>
* Espion International, Inc. <EPLJ.PK>
* Goldmark Industries, Inc. <GDKI.PK>
* GroFeed Inc. <GFDI.PK>
* Healtheuniverse, Inc. <HLUN.PK>
* Interlink Global Corp. <ILKG.PK>
* Investigative Services Agencies, Inc. <IVAY.PK>
* iPackets International, Inc. <IPKL.PK>
* Koko Petroleum Inc. <KKPT.PK>
* Leatt Corporation <LEAT.PK>
* LOM Logistics, Inc. <LOMJ.PK>
* Modern Energy Corp. <MODR.PK>
* National Healthcare Logistics, Inc. <NHLG.PK>
* Presidents Financial Corp. <PZFC.PK>
* Red Truck Entertainment Inc. <RTRK.PK>
* Relay Capital Corp. <RLYC.PK>
* Rodedawg International Industries, Inc. <RWGI.PK>
* Rouchon Industries, Inc. <RCHN.PK>
* Software Effective Solutions Corp. <SFWJ.PK>
* Solucorp Industries Ltd. <SLUP.PK>
* Sports-stuff.com Inc. <SSUF.PK>
* UBA Technology, Inc. <UBTG.PK>
* Wataire Industries Inc. <WTAF.PK>
* WayPoint Biomedical Holdings, Inc. <WYPH.PK>
* Wineco Productions Inc. <WNCP.PK>
LOL its not a coincidence when RSI crosses 50 it means that momentum is coming back ..
yes i own both CIVX and AAPM, and with EVSA breaking support of .01 today..all in all my thursday SUCKS
just another Stinky Pinky, sorry to all the shareholders.
oh ok, i was wondering what you thought of that. and yes the PPO has to diverge or atleast thats how stock charts teaches it ;) !!
GLTA
gotcha, im still in the process of figuring out what i like the best and what works for me the best. ive always used MACD and Stochs, but after finding your board I have new found respect for the ADX and AROON, i've also learned the run-retrace patterns and the flag pattern and how to make exit targets for myself. There obviously isnt 1 ultimate indicator that will tell you the next definitive move for a stock.
just trying to learn as much as i can.
Shake.
you posted 2 60-min charts ;) .. plus do you see a rising wedge?
yes but a daily candle can also show a potential reversal ahead of time..before the indicators turn negative. correct?
errh, nice positive PPO and MACD divergence..but everything else is pretty bad imo. CMF went negative after being so huge..dilution?? bagholders getting out even??? whats going on?
ADX is pretty bad right now imo .. and so is AROON
lol..
gotcha, just like everything in this game it is not a certain thing..but just a guideline.
i have noticed that you barely ever use MACD on any chart..or the actuall candle sticks, for instance candles such as hammers and stars usually show good market sentiment. what is your stance on the importance of candlesticks? do you think they are a piece of the chart puzzle, each candlestick representing its own pattern? or do you find candlesticks by themselves unreliable and just a summary of the days actions?
you gotta admit scam or not, people rode the momo..if you got out quick enough you would've made some good cash..but i just feel bad for the bagholders...
lowtrade, i was wondering where that formula comes from. (run-retrace: double the # of days up and add # of down days)
just curious.
everything you do on this board is highly appreciated.
Shake.
rising wedge on the hourly chart for EVSA, it can still go higher but not after a couple days of churning unless of course there are huge news or QUIN decides to take it up..
we were trading under 20dma today, so many people that got in and had the stock drop on them @ .012 wanted to get out even before they lost their chance..and that obviously is what made resistance at .012
go to boards and type in QUIN
good to see you playing EVSA..
look for a possible NVMG run in the near future
lol i have watched Borat the same week it came out..and yes it is very funny, especially the NYC parts since im from NY.
and no i have not been following the WHKA board at all, i have a small position and i trade purely by charts. I noticed the bounce and so im holding for more, the charts look like we are waiting for a real big move..so im just holiding patiently. meanwhile trying to play EVSA and my NVMG took a nasty turn hehehe.
that sounds rather correct, but i think it would be hard for it to go below .01, im looking for a bounce off the 20 hour ma tomrrow. especially with the volume dying on the last hour it looks like a stall right now. if it does hit .01 im going to exit and look for reenty myself, but the PR of uplisting can come at any day and im sure that will kick it up a notch.
WHKA having problems getting over that 10dma, but looking much better for another run
ohh boy EVSA giving me a headache ! lol
whats your exit target? i havent figured out mine yet, EVSA is a roller-coaster, hard to pick an exit target. if we dont make an attack at .02 tomrrow i might take some off the table and free up some cash.
yeah, just dont like getting it under 20ma, if we got it earlier we couldve used the 20ma as a springboard or something..i dont know im drinking lol
i'm still in..waiting for a good bounce. we attacked the 20ma today, maybe we'll break it tomorrow