Charting
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Talonss; I've agreed with your posts about this stock, and today I think many here have over reacted to the news, thinking it was all bad, but when news about the merger come out and people realize the the "SMALL" Increase in the A/S was something that had to happen for the merger to take place, they will change their tune. I believe the chart is showing a double bottom, with two other Bullish Patterns as confirmation. This is going to move back up, and many who bailed looking for cheaper shares will be chomping at the bit.
Daily chart looks like a Double Bottom is forming after today.
bigt0689; I guess that would be the case for the guys who think like this because they don't have hardly any funds to play with. They have to bounce their lunch money from this stock to the next to make any profit. But when you have enough cash to Invest in something like RTGV and use your "Play Money" to Daytrade/Flip the other penny plays that are not worth holding for more than a day or two, then you see things in a different light. But when your using your Lunch money to Invest, Daytrade and Flip all at the same time, then I guess you would have a point. But like I said, that point only works with those who don't have much cash to play with in the first place. I don't need a Verizon or Alcoa to hold, I choose to hold RTGV.
umm...no offense but thats actually what day trading , and flipping pennys are buy on dips and sell on runs regardless of the day. why wait a few days is theres others out there that u can jump in early on and quick sell in a matter of minutes to a few hours. most people i know buy at 10-11 and sell on average at 3:45. unless a big run is made in a then they buy hold for sometimes a matter of seconds or minutes then resell before the drop, and move on. you want a stock you hold then goto verizon ge alcoa etc.
Three; Take a Look at the Intra-day streaming 1Min chart and look what happened once the News at 10AM had a chance to get out and around? The selling began drying up and it was almost all buying from then on, very good sign indeed.
JPT; Yes you are correct, I posted a couple posts that a cup and handle, as well as a symmetrical/ascending Triangle was forming on the RTGV Chart last week and on friday feb. 24th. Very BULLISH PATTERNS FORMING!!!
DD_xprt; Extremely well said! (In reply to).....
RE; Trading.jeff, I think you know the answer! These pennies are notorious for being undercapitalized. That is why the PPS is under a penny! When a company actively strengthens its balance sheet, it is essentially building value for the shareholders. More stable balance sheet>> higher PPS..it's as simple as that. This in turn makes it easier for business partners and banks to do business with them which encourages joint ventures, etc.
It appears the "Sell-Fest" is over (Hopefully)? I have noticed a Pattern on the chart over the past month on every leg up, and I think Next leg up is about to start from here, IMO.
Very True indeed.
Time for the updated balance sheet.
A close at 004 would be Totally Awesome for Monday!
Probably Both! LOL
With so many buying off the bid, I never put much reliance on the buy and sell volume stats, lots of smarts traders sell at the ask as well.
RtRock084; I know what you mean, I've been watching RTGV alot more than my other stocks this whole week. I'm not saying I don't believe in the signal theory or not, I do know that some of it is BS, because I have been told by people who have done themselves, with a bunch of commission free trades, just to mess with peoples heads, but then again I have watched in years past when MM's would post a 500 or 5,000 on subbers and then move up on the bid/ask right after posting it, so I know some of it has to be true because I've watched it, and some of it is definitely BS.
sharky; Folks, we are looking at a pattern on the charts that has formed on top of the Bullish Triangle that was talked about over the last week or so, we now have a "Cup and Handle" formation on the daily, I confirmed this with some other charters here playing RTGV, if anyone is not familiar with a Cup and Handle formation, it is very Bullish for a Breakout from where we are now.
Heres a link for the uninformed or do some research;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
https://www.google.com/search?q=cup+and+handle+chart+formation&hl=en&biw=1111&bih=556&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=YixRT9eiF8Hh0wHH9pCtDg&sqi=2&ved=0CG4QsAQ
MM's filling small partial 5k fills, shares have got to be getting scarce, ya think??
We know they've been fishin for shares, I wonder if they are covered completely yet?
jhnvtjll; Nice position there. Looks like I've got some Catchin'up to do! LOL
Strange, My TDAmeritrade Think or Swim T&S didn't post that print, but my Scottrade T&S streamer did? Hmmm?
Shorty's getting square with the house???
jhnvtjll; Thats called "Being in the right place at the right Time"! LOL.
I scooped up some nice chunks! :)))
Nice Time to add! Accumulate cheapies on this dip. These Pump & Dumpers that are boasting about selling in the 004's over the prior couple days are probably playing with "LUNCH MONEY"! LOL, They buy a few hundred Bux$ worth, then sell to make $50-100 Bux$ then bash to buy back in, it's a little different when your buying with tens of thousands. Several MIL shares are something you don't just dump and buy back very easily on a stock like this (unless it's on High Volume Days, but historically days like those are few and far between).
I'm sittin on close to 4 Mil now, holding for resistance points of 0064, 0077, .01 and .013 those are the resistance points I'm seeing on my chart (I don't use the basic 100, 200SMA on stockcharts), I set mine for Month intervals at 2,3,4,6,9 months (60, 90, 120, 180, 270 day), also 1 year, thats just my personal chart settings for T/A, I'm not knocking anyone elses T/A settings at all, just my 2 cents. Until then though, I'm accumulating and holding.
trading.jeff; The pinks are the "Wild West" of the markets and they are basically "Unregulated" by the SEC, BUT, in saying that, there are still Securities Laws that Brokers, MM's, Traders/Investors and the Companies themselves have to abide by and People can and do go to jail for Manipulating Pump & Dump schemes as well as short selling schemes, even in the pinks. It's true people get away with alot of crap here in pinky land, but they always run the risk of getting caught, and the SEC has been cracking down more and more than they used to. When I said that I believe they took this down Intentionally, I truly do believe that. Their is obviously a short position here that has not been covered yet and they are trying to cover their arses before they lose them. LOL
IMO, This dip is being done Intentionally, it's obvious the short is not covered yet, (Maybe FAR from being covered completely), and it looks like they are afraid of having to cover way way up there, like above .01? That must be keeping a few up at night right now? It looks like they are fishing really hard for shares, but most (The WISE) are holding onto them. They can't keep doing this much longer, I'm talking to some people I know in a couple trading groups, a multi-group play here would cause a margin-call on shorty if we broke out of the 200MA for sure.
pimping wallstreet; The 14 Day RSI has retreated nicely down below 70 to 65 during this little dip. Ready for the next leg up to pennyland!
trading.jeff; I smell something big in the works, alot bigger than 005 thats for sure.
Penn2; So what if you were wrong about closing at 005 so was I, the fact that we almost hit 005 today and we are up close to 300% in the last 2-3 weeks is amazing. The convertibles are gone, shorts are covering (in a hurry), and a new balance sheet any day now, along with news about a merger possibly is going to put us over the top. No stock just goes straight up day after day, and we are only down a couple points from yesterday. A little breather is actually healthy. Everyone holding has to be happy about where we are.
Intraday MACD just crossed, perfect timing again!
Come'on scoop, I want his big 162K shares, I'll give'em 0038! LOL, just kiddin, I'm sittin pretty with over 2 Mil right now, prob pick up some more if it's dips again, though I'm not expecting much of a dip, I think the EOD Volumizer is going to attack the ask (just a hunch).
OK, You can have 1/3 of mine at .011 we have a deal? LOL
RTGV #4 on Most Active Stock Boards today!
35K shares @ 42 to 48.
I'm with you on that, the chart is far from being overbought, (short covering must be taken into consideration here), lots of room to run still, if news comes out like they said in the last PR, and a "New Balance Sheet" as well, pennyland isn't far away, IMO.
I was in a stock over 18 months ago that had over a 1 Bil float and it ran from the 001's to almost .02 on lame news and stayed in the 01's for months, I was fortunate to get in on a dip to 0004/0005, and that was a lame duck compared to RTGV that has 10 times the potential and 1/3 the Float and RTGV is fully reporting and the one I am referring to was not even reporting anything. The run-up on that stock started WHEN THE CONVERTIBLE NOTE WAS FINISHED "INSTITUTIONAL SELLING PRESSURE WAS GONE"! Just like RTGV and the Numerous other stocks I've played over the years that had Toxic Financing deals. The Run-up took 2-3 weeks to get from the 001's to almost .02 so as far as I'm concerned, healthy dips on the way up, in an uptrend is nothing to worry about, rather time to add on the dips. Just my .02 cents.
That's what we want anyways, a nice gradual climb over several days/weeks rather than a few days spike and sell-off.
Look at EpicStocks live chart here, Need anyone say anymore?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72575793
More MM's coming on board on the Bid tells me everything, theres a bunch of Investors out there wanting in and the MM's don't hardly have any shares because someone is still short IMO. Nothing but good news here.
After lunch, you know it.
This dip is a "Fishing Expedition" for cheap shares, and dips like this are expected and healthy for a Bullish Uptrend when the stock is getting back to it's true "Intrinsic Value" after months of Institutional Debt Conversion.