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I am seeing below par trades at .00415. Usually when you see that they are trying to keep a balance between bids and asks. When they can't keep the price at that level a new lower support level happens. Pps is back at .0041 as of 14:31 est.
Well if you don't believe them, go buy another 10 million shares. If you don't have cash laying around take out some home equity or margin and buy them. Or use your retirement funds (sell some of that retirement index funds) and buy mine. Don't be a stealth flipper and sell them. Hold them. Go mine.
Numbers don't lie. Looks like .0043 is resistance today. Remember technical analysis premise is that the direction of the stock has everything that is known and unknown about the company. That is why pps is king. The CPa's (I had one look at the 10Q btw) of the world have this at lower valuation. There is something in the 10-Q that they are seeing that average joe investor is not seeing. Otherwise the pps would be well above a penny at least .05 a share. The past sins of dilution have impacted the share structure. Those shares need to be bought back in tunes of 1 billion shares and retired.
Gracious sakes alive. Look at the recommendations today.
buy/sell recommendation
Yelp lower lows, and lower highs. It will be interesting to see the new trendlines that are forming in a few weeks. If we get to the .003s there will be a massive selloff where people will be locking in profits and capital because of fear hitting the .002s.
Traders cheat sheet has a worst case scenario of this stock hit .002 in 14 days.
traders cheat sheet
As of 12:07 the dollar/trades are
price Dollar(sum) trades
0.0042 $58,542 60
As of 12:23 pps is .0041.
I saw those huge purchases at .0041, .0042, .0043 yesterday. The key is what will they do. Will they dump again when it hits .0050. No one knows. I also saw those huge candle sticks on 5/26/2015. Unfortunately every time the stock makes progress selloff comes again. I will beat the dead horse again. A stock buy back needs to happen asap with 1 billion shares being retired. I don't see that happening anytime soon because cash is need for expansion. Until that happens we will all be frustrated with the movement of the pps.
We shall see if the channel remains intact. I have had technical analysis training from legendary technical analyst Dan Gramza. One thing he drove home was the RSI being under 30 before making a swing trade. What you say about channel trading might be true, that's not the type of trading I am into. Way too risky imho given the fact that support levels have been lowered as yesterday.
If a piece of news comes out maybe yes. Back in February last trading day of the month yes. Then in march 2015, the selloff started again. All the moving averages decreased yesterday. We have cross overs where the 5 day moving average is below the 20 day moving average. 20 day moving average below the 50 day moving average. 50 day moving average below the 200 day moving average. The stock is below all those moving averages.
moving averages technical analysis numbers.
If you look at the downtrend line is still in a down trend. The channel will be short lived imho.
Yelp. Also according to this video we broke confirmation and we are in a new down trend. The most hold level on a closing basis was .0046. Yesterday we closed at .0043. Ouch. Today is a Friday and many otc traders like to close positions before the weekend. It is the last day in May. Sell in May and go away comes into mind with many stocks as traders go on vacation this summer for stocks in all market sizes including sub penny stocks.
technical analysis video
Support levels have been reset lower. Support numbers .0033, .0037, .0040. Resistance .0044, .0047, .0051, .0054. lower because of a new closing low. Sell signal was issued 2 days ago after we did not have confirmation of uptrend. Bearish engulfing candle stick.
latest candle stick pattern
The fibs are negative for short, medium, long term.
fibs
Folks it is a buy signal. Happy days are here. Looks like the news yesterday helped out.
buy signal
charts
Mine trades (dollar amount) for 5/22/2015. Looks like the $69,063 that was exchanged today between buyers and sellers had no effect on the share price.
TIME price Dollars (sum) trades
10:19 0.0046 $12,831 27
13:59 0.0045 $49,699 75
15:01 0.0046 $59,886 84
16:00 0.0047 $69,063 95
What is your target pps if there is no actual buyback evidence mentioned in the 10-Q ?
Here is a few I capture today. Notice the 10,000 share trades.
9:41:00 0.0046 1609000 0.0045 1482600 0.0047 890000 9:45:00
9:51:00 0.0047 500000 0.0046 1397600 0.0047 975000 9:55:00
10:01:00 0.0047 1437000 0.0045 500000 0.0046 1955000 10:05:00
10:07:00 0.0045 1227000 0.0045 500000 0.0046 2180564 10:17:00
10:18:00 0.0046 1734400 0.0045 10000 0.0046 2798564 10:32:00
10:47:00 0.0047 469500 0.0046 1506400 0.0048 6284801 10:51:00
12:45:00 0.0046 1392500 0.0045 1823900 0.0046 8576638 13:08:00
13:53:00 0.0045 1268300 0.0045 10000 0.0046 10758703 14:14:00
14:58:00 0.0046 2337700 0.0046 1726800 0.0048 12928108 15:00:00
15:05:00 0.0046 1958000 0.0046 1008600 0.0047 13428108 15:16:00
15:46:00 0.0047 2091000 0.0046 958600 0.0047 13738108 15:55:00
15:54:00 0.0046 1891000 0.0046 958600 0.0047 13938108 15:58:00
Stuck in the loop because of painting of the tape with those 10,000 share trades. They do impact the price and people react. If the company was smart they would be buying shares when it gets at .0041, and return to treasury. That would help out the ss (share structure). Looking forward to reading the 10-Q to see if they have been nibbling with share buybacks.
Lets hope is like you say. Of course we don't know if the report will be negative or positive. Saying anything that is not public information could be considered insider trading. Lets hope for the best. Looks like after all the drama today we closed unchanged. Good to see you back. Make sure you get your rest. Enjoy a round of golf if the doctor says its ok.
The candle is Bearish Harmani. Not too much to worry about because pps could go either way up or down. Its the Bearish Harmani cross that you have to watch out for.
technical analysis
It is more of an alternative view to keep things in balance. Of course we all the fundamentals will be in the price of the stock. There are some positives with the bullish engulfing candle stick pattern
technical analysis
Of course that is in the short run. Long term you see Fibs are negative. My prediction the stock will be in a trading range between .0041 to .0048 until the 10Q comes out in a few weeks. If things are good will go back into bull mode and bottom out. If not the .0030s will be here.
You could see if if RSI gets down to 20 according to these numbers. It is possible that it could .0023 within 14 days.
technical numbers
The flipping saga continues. Looks like they figure out where resistance and support are and trade on those numbers. The avoid the pattern day trader rule by having more than $25,000 in their trading accounts. It will be interesting to see what happens on Friday, weekend and holiday on Monday.
Investors won't put any new money are return money back into the stock until the downtrend is broken that we have had since the stock hit a penny. Someone needs to buy a billion shares and stop flipping them.
That is support not resistance. Resistance is the upper level prices. Support is the lower level prices.
It is pretty sad to see what happened with the pps. Another beverage company was able to get private financing and after they got it the stock shot up to the moon. The company focused on getting the product out nationally first. Vanis stated in on of his prs that he will not be aggressive and be careful with expansion, meaning no new dilution. Just imagine if he was able to get private financing without having to dilute (last fall), this stock would be well over a dollar by now.
There is huge bid at .0041 with $34,926.67 of capital or 8,518,700 shares.
Looks like the painting of the tape wars have started with bulls in bears. Someone has a buy order in at .0043 for 10,000 shares, another has a sell order 20,000 shares at .0046. The bad ss (share structure) continues to plague this stock, such a shame with all the good news coming out.
Look at the after hours close at 0.00444.
On that I know with microcaps to the mega caps. The bears usually have more technical analysis knowledge and no more about the fundamentals. I bought in at .0037 and .0032. I bailed at .0049 to lock in my profits and preserve principle. I did manage to sell some at 0.0119. There were 2 prs that bought the stock up to above a penny, the kmarts deal and ad campaign on 1/15/2015(3 day in upticks until pps hit it peak price on 1/20/2015). After that peak all the press releases have had only short uptick in stock price before the downtrend returns with selling on the downside. My penny stock buddies where telling I should have sold all on 1/20/2015. I was saying no it is a long term investment. They would laugh back it is a "sub penny stock".
They are looking at the weekly chart not the daily chart.
Ok, tell them to get the website fixed asap. Potential investors could see that as red flag. And think the press release from yesterday is smoke and mirrors.
Here is outlaw energy drink website. Looks like they have some work to do.
link to site
I will have to disagree with your statement about pps (price per share). It is used as valuation method at a given moment time on what a company is worth. From the stock price you can extrapolate out the companies valuation and market capitalization and makes some calculations and comparisons to other companies and figure out if a company is under or overvalued. This of course gets into the p/e price earnings ratio. You can also do metrics about price per share with revenues.
At any moment of time everything that is known about a company is priced in its stock price. Changes happen when the price is below are above the fundamentals.
Mine trades (dollar amount) for 5/15/2015. Looks like there was a lot of massive selling at the day according to dollars traded (last 20 minutes), possibly a margin call.
TIME price Dollars (sum) trades
10:03 0.0049 $7,316 15
10:35 0.005 $13,449 29
10:56 0.005 $16,153 34
11:18 0.0049 $21,284 42
12:22 0.0046 $46,311 81
12:48 0.0048 $46,638 85
12:56 0.0046 $48,478 86
13:02 0.0046 $62,748 93
13:08 0.0047 $80,612 103
14:02 0.0047 $84,246 112
14:19 0.0046 $84,292 113
14:29 0.0047 $84,386 114
14:51 0.0046 $85,400 116
15:37 0.0048 $95,671 124
15:58 0.0045 $131,915 136
16:00 0.0045 $131,915 136
I don't know if people are trying to scare people to get the pps lower. I think they are upset that it is not over a penny and just complaining. One guy that many people (don't like his comments) admitted he lost $1000 last summer during the summer selloff. After he lost the money then he read the filings and concluded the stock price fell because of what was in the filings.
There is an old saying that says let history be your guide. We do know we hit .0040 not that long ago 4/2/2014. Then the next day we finally got a green candle (up day) and went up to .0066 and closed at .0050 on 4/7/2015. Then started selling off again to were we hit a intraday low of .0045 on 4/15/2015. We then rallied up to .0057 on 4/28/2015. Since that close we have selling of back to a closing low of .0045 today 5/15/2015. I brought up 12/29/2015 because that was the resistance level of .0040 as you stated. Keep in mind on the next day 12/30/2015 stock closed at .0045 and had a low of .0037 (which became support). If you go back in nov/2015 and dec/2014 you will see that .0037 was the major resistance level.
The one institution Putman investments dumped the stock last Sept 2014 when it went under a penny. It must stay above a penny for at least 30 days before institutions will risk capital on this stock.
Maybe he studied support and resistance levels extensively in the chart and thinks the statement is true. He might know about penny stock prices/cycles and based on past history he thinks it is a likely outcome. You can go back and watch claytraders videos on this stock and you can see clearly what could happen and validate the support in resistance levels. I will tell you this .0037 must hold otherwise the stock is in bigger trouble than we realize.
I saw those 10,000 share trade fights going on today moving the pps up and down.
Maybe some bulls became pigs and bought the stock on margin recently and got a margin call today. You can make money in bull and bear markets. Pigs get slaughtered. We come out with a press release this week and the pps goes down and down.