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Go back and look at SNPK in th first week of the play. 150M volume on March 7th, then pps went up to .62 on the 8th with 100M vol, traded sideways a few days then tanked to a low of .29. After that it shot up. What I think is that RARS is at a similar place as SNPK was on March 16th. Do I think this is APS? No I don't - but I'm not an APS follower anyway. I think someone else may be trying to copy APS' success and stealing from their playbook and either screwing it up or altering the play for their own purposes.
Preferred and Select are both being paid to promote this and there are 13 other promoters on it. IDK - I'm kinda 50/50 on it. Could go either way. maybe it was just a 1 day P&D and all of us that bought and held are suckers (wouldn't be the first time and won't be the last) but the signs are there that it could be more.
thx for the invite
I'm a technical trader but IMO these indicators mean diddly-squat with a heavily manipulated stock like this.
Thankx Garyst.
While I'm not a total noob I have been away from the game (thx in large part to the economy) for three years. Honestly, before RARS and fining this board I had no idea APS was considered the best. I've only been a subscriber since mid April and all I saw was SNPK near the top. I paper traded a bit to test out the waters and try to judge which newsletters were giving good info, but did not buy in. I did get suckered into a few losers by other newsletters (FROG, FRCN) who I have now unsubscribed from. When I got the alert for RARS (from someone on this board I think so no names) it was after the close on Wednesday so I did what I thought was DD and perused the boards for info. Learned a lot but there were so many conflicting opinions here and being new to iHub I had no idea who to believe so on Thursday AM I bought on TMD @.37 - A good entry I thought - and for most of that day saw lots of green. With all the hype I decided to hold overnight when it dipped (also I am penalized for day trades so try to limit them). Yesterday after the gap I still thought it would bounce so I averaged down to .24. Just before the close as I was about to lock in my losses the pps started to recover and went above my stop level (.15) so I decided to hold. Whatever happens Monday I'll be selling no matter what. I hope you're right and we still get a bounce.
I still think there is a reason why the big guys threw so much volume on this. Maybe driving out the "little guys" so they can control the price?
Thanks for all the advice you've posted here - even if I didn't listen LOL
I used to watch the pre-market bid/ask prices to try and predict gappers but it did not work reliably. Bid/ask could be 10% up or down at 9:29 but by 9:30 right back to prev close.
BUT it can indicate that a gap is POSSIBLE...
It'll change by Monday AM anyway.
Same here - that's why we have 4 TV's - one for each family member LOL
Last:$0.183|Change:+$0.02(15.82%)|Bid:$0.12|Ask:$0.28
Ask at .28 in after hours doesn't mean much when the bid is .12. All depends on who starts off trading Monday morning - buyers or sellers.
I sure hope its buyers...
Hi ATA board. Very happy to have found this board!
Wish I had something like this back in '09 when I started trading!
And to anyone else with the balls to stick it out - GL!
Hey BoilerRoom - GL on Monday!
I think most sellers have been shaken loose. Should go higher Monday. if it doesn't then I'll take my lumps...
I was just about to pull the trigger on a sell order at .135 for a 40% loss when I saw the pps go back up over .15. thing is, I'm bothered by the fact that there is such huge volume being played in this. I have a suspicion that this was just a shakeout to drive the prices down so the big boys can pick up cheap shares after hours - and lo and bohold - pps is already over .18 in extended hours.
We'll see on Monday I guess. Glad I'm only in for 1100 shares - if I'm wrong I'm only out a couple hundred, but if I'm right I could see 100+% next week.
Look at that - back up to .37 - my neutral line.
It's just daytraders done for the day. I'm holding. Gap up in the morning.
Big volume in the last 10 minutes of trading - looking good for tomorrow.
Of course its good - lot's of buying opportunities opening up!
Beware though - DOW is showing a double top and is due for a BIG correction some time this year. I expect another bounce up to 13500 or beyond but after that...
good entry. I got in @2.15.
hitting major support at .1040
Hitting support @.046 - should see it bounce back. already the bid/ask prices are higher.
Oh really? where did you hear that?
I'm normally a technical trader - I only dabble in penny stocks because technical indicators are not reliable with such easily manipulated securities. I can't really say, but I think a bounce to .20 or more is not out of the question.
Investors waiting for financials to come out.
At least the light volume on these down days indicates a lack of sellers. Look like the price is bottoming out.
Time to start accumulating more!