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Things always happen faster then you expect in pennyland.
And QBID and IBZT were notoriously horrible diluters with much higher OS's. IBZT was near 4 billion and QBID went from 7.5-15 billion on those runs.
If this stock doesnt go higher then .04 over the next month then I shouldnt trade anymore.
If you really think about, ETIM's strange niche market gives it big board appeal.
AHHHHHHHHHHHHHHHHHHHHHHHHHHAHHHHHHHHHHHH!
Thats the funniest thing I have ever seen.
I remember when TNOG had a similar move a couple years ago. I remember buying it at .003 and there was a large run similar to the situation here with a dramatic friday sell-off. I was shook out and watch that stock go to .06 over the coming month.
Also take a look at MSEP and GZFX on the 3 yr as comparisons
To put your fair and accurate TA into perspective Fringe it was a friday on a stock that was up 800%. What did you expect to happen in the final hour.
Yeah just use the 1 & 3 min charts for a stock like this and you will be fine.
Thats what I am expecting .02-.04 with a test of that .04 at some point.
You have to remember this stock was trading near a 50 million dollar mkt cap early this year and its trading at less then 2 million dollar now.
The big kicker here would be Nascar and the NFL. If we get those annoucements this week watch out. I'm telling everyone right now if they annouce either of those this stock goes .10+
The fact we closed at .0055 rather then say .015 is a good thing long term.
I think the MM's inducing panic selling only to close it at the previous day's high sets this up for a huge run.
The thing to watch for is the gap up on monday, hopefully it will be minimal. A huge NOBO PR premarket could cause a huge gap up and that only hurts how high this could really go imo. I would rather get a PR during market hours.
TA is MOMO.
What nonsense are you talking about.
US Justice Dept? Printing lots of Stock?
The stock still has to punch thru that .056-,057 level if it gets back over the 200 day then we have something.
I disagree, the national coverage while good hardly indicates that ETIM is a stock for people to buy.
What the Media Coverage does do is improve business dramatically.
If we werent trading in the dungeon here we wouldnt have a clue about ETIM.
This is why this company is gonna be huge on the annoucement of sales and/or the annoucement of additional properties.
You also have to consider daytraders were flippin this back and forth all day.
Not to mention it's a friday and the stock was up near 800% at one point.
ETIM traded near a 50 million dollar MKT earlier this year. Its trading under 3 million right now. I think you could stretch that mkt cap out to about 10-15 mill .03-.04 cents.
A close at the previous day close would not be horrible at all. Monday could be huge for a number of reasons.
fridge is just giving you the view of a daytrader right now. I think you need to look at this for a 1-2 week prespective.
People May Buy Urns as gag gifts.
ETIM sells MLB caskets for $3000-$3500 per!
I want a ETIM TACO BELL casket so I can be buried in a Burrito !!!
I have seen so many stocks in this same position just left for dead after a huge run only to go much much higher.
GZFX,XKEM,IBZT,OMOG,QBID
If there isnt huge dumping going(dont think there is) on then I expect .04 over the next 2 weeks.
ETRADE PRO is FREE LVL 2
I'm just saying depending on the time in between trades determines which intraday chart is most relevent. When the stock is in momo mode its the 1 min on a day like today where we get 4-5 trades an hour I think its best to use the 15min.
Thats all I am saying.
Dart I think due to lack of trading you have to go to the 15 min on a day like today.
I usually divide the total trades by the time trading to get a grasp on which intraday chart to use.
STEVE! This is all your fault! :) j/k
Circle,
Is the company growing? YES
Is the company diluting? No
Eventually the pps is gonna move again. It may start to today or it may take capitulation at .03 like another poster said.
If your really scared about the quarter numbers sell now. You can always buy back later. Or have you already sold?
Wow the air has been taken out of this room.
VNDM is just a wholesale MM like ARCA no big deal. Like ARCA it buys and sells at market price.
Dart extend the 3min Chart out 5 days and check out the nice trend line we have.
.057 then .074 is our big resistence point for future reference
If we crashed back to the .03's today I would have been concerned however we didnt. Looks like a very short sighter move out of that guy
Shakerzz was responsible for breaking every resistence point on the last run. IMO his involvement back in the stock is a good thing.
Dart, I hear ya man. Its like the run and reversal never happened and we are back stuck in the downtrend.
I hate to sound negative Steve I am still as gung ho as ever on the stock, its just today's close may have set us back atleast a week which really pisses me off.
I 100% agree with you,CHDT will have its day but after today's close its not gonna happen monday. If it was a football game we were losing 21-24 and driving for the endzone and we threw an interception. We are back to ground zero.
The problem is we have had this move at 3 levels only to go lower. Also there is that unfilled gap which would have been an after thought with a close above .0468 and a confirmed reversal, that is now on the front burner again.
We need news badly monday morning.
King not one positive thing came out of today, right now there is nothing to be happy about going into the weekend. The Chart went from being golden to an total and utter mess.
All of the momentum wiped out like that. I'm in shock right now.
It needed to close above .0468 to confirm a reversal and it didnt.
Monday = Not Good without news.
Gap DOWN, after that fall without news monday morning its gonna get ugly.