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Yes, one can short pennies...but for the average trader, the cost is prohibitive.
And, yes, it's possible to lose way more than 100% of your investment if a short sell goes bad--especially for the individual trader.
It is difficult but can be done.
http://www.nytimes.com/1995/03/23/business/market-place-short-selling-penny-stocks-can-prove-a-far-from-simple-move.html?pagewanted=1?pagewanted=1
http://www.timothysykes.com/2008/04/how-to-short-penny-stocks-playing-it-safe-by-covering-short-positions-early/
http://theotcinvestor.com/how-to-short-sell-penny-stocks-121/
http://en.allexperts.com/q/Day-Trading-2242/Shorting-penny-stocks.htm
http://www.pennystocks.org/short-selling-penny-stock.php
you might want to view this video about shorting a penny stock, its risky but can be done.
http://www.ehow.com/video_4791021_short-penny-stock.html
Updated chart with comments in green for today. Congratulations to everyone on todays gains, more to come! GLTA
http://stockcharts.com/h-sc/ui?s=EVXA&p=D&yr=0&mn=6&dy=0&id=p41554418084&a=200335406
that already happened when we broke .0035 breakout in effect!
Sure thing will do after market close today.
Just hit .0036 and broke key resistance level! My friends welcome to breakout land!
If they get funding or contracts this will soar past .10 imo, you could see huge returns.
The stock is undervalued and that is why the price is moving, we are seeing a correction imo.
I think it is quite possible by August or September to see these levels when this stock begins to breakout it will run strong for price correction.
The stock is running from a double bottom which is a bullish trend reversal signal see:
http://www.thehotpennystocks.com/Learn-To-Trade/double-bottom-pattern.aspx
And not a double top (or mountain) which indicates a bearish trend reversal see:
http://www.thehotpennystocks.com/Learn-To-Trade/double-top-pattern.aspx
Please do not post misleading information here, thanks! EVXA has tested at support and will go up from here.
I think we can ignore the tall red candle for EVXA from the 3rd of June because that was a MM trick (fat finger) which should of been .0015 and not .005. I am not using that as one of the indicators in my analysis because it skews the SAR trend line slightly.
The first trend line we have to cross is the Parabolic SAR which is around .0035 (.004's with fat finger). Once this happens we are in a full trend reversal and this stock will soar to new levels.
The second trend line to test is the double bottom's neckline which is around the .02's from the previous run up. Once we break this line and it becomes support, this stock will run huge on the double bottom play.
The next resistance level would be around the .04's this is also a key resistance point, finding support here indicates we are going to fill the gap back to .10!
Looking forward, I would not be surprised to see EVXA hit these levels by mid summer. Hope this helps!
Not a problem, glad I could help!
Thanks for all of the positive feedback on my recent post, much appreciated!
EVXA dd and Questions Answered
After yesterday’s rally we retraced today and found support near the 20 MA. This was expected and is normal behavior for a stock after such a big run. We will probably see the stock settle around support the next day or two before it begins its next leg up. It is important to note that even after today’s pull back we are still up over 135% from yesterdays open and that is huge.
I have seen a lot of wild speculation on this stock, and read many comments that range from the angry basher to the happy pumper. I have been trading stocks for several years and learned you have to do it on technical analysis and known facts. It is important to ignore the hype and do the research.
I have done quite a bit of due diligence (dd) on this stock, and here is what I found.
EVXA Technical Analysis
EVXA has a huge upside potential no doubt. The technical charts look great and there are some key reversal indicators that tell us this stock is ready to run. EVXA has several things going for it now from a technical analysis point of view.
Double Bottom
The price has hit its 52 week low and is starting to retrace back to previous price levels. This low has been tested twice now forming a bullish reversal pattern known as a double bottom which is a strong reversal pattern. When the price breaks the neckline (resistance) and finds support there it is a confirmation the stock is going to run strong. This would be the closing price from the previous run up around 0.02's.
Pinch Play
A pinch play has started on EVXA. This is a very bullish signal indicating a potential breakout. The PPO and ADX lines have converged to form a narrow channel which is known as a "pinch". When these 2 lines begin to separate and the TRIX and +DI begin to uptick it is a signal that the pinch play is starting. This has begun to happen and is a very bullish indicator for the stock. Other indicators that signal the pinch is starting are Full STO and PPO lines have now moved down to converge with each other, the +DI and TRIX lines are up ticking, RSI is below the 30 and Williams is below -80 indicating the stock is very oversold.
Parabolic SAR
One more thing to note from a technical stand point is the SAR is currently around .004. This is a key trend line and once the price has crossed it we should see a full trend reversal. This is a very strong signal and something to keep an eye on the next few days.
Filling the Gap
All this being said, I feel the price could actually reach .10 by the end of summer. If support is found on the neckline I expect to see the gap filled as the trend continues to reverse up to previous highs.
I have created an annotated chart that shows all of these indicators in place, along with comments for the indicators mentioned above, you can view it here:
http://stockcharts.com/h-sc/ui?s=EVXA&p=D&yr=0&mn=6&dy=0&id=p41554418084&a=200335406
Can charts predict the future?
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
Is EVXA a Scam?
Enviroxtract, Inc., is an emerging technology company, and owns worldwide licenses for environmental clean-up and mitigation technologies. They acquired Red Bag technology in January press release: "EnviroXtract, Inc. Announces Acquisition of a Technology License for Biomedical `Red Bag` Waste Incineration and Remediation GlobeNewswire(Mon, Jan 25)". The website for red bag is http://www.redbag.com/ .
There is detailed information about EVXA on the otcMarkets website showing it is a legitimate company:
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=evxa
Is EVXA address an empty lot?
There several mentions about EVXA being located on an empty lot. This is misleading information because Google Maps shows an outdated satellite image of the address depicting and empty lot. If you check Yahoo! or Bing Maps you will see a more up to date image showing a home located at this address. Many pink sheets are run from a home office, this is not unusual.
Bing Map (I used tinyurl to shorten the link):
http://tinyurl.com/27ake3c
Related Links
During my research, I have found the following sites that feature EVXA hot as a pick or on a watch list. EVXA is without a doubt on the radar.
http://www.hotstocked.com/article/2251/enviroxtract-inc-pink-evxa-stock-jumps-the-crest.html
http://www.emailwire.com/release/41858-Stockmarketwatchlistcom-s-Hot-Stocks-to-Watch-EVXA-VIPR-SSWC-CVSL-XOM.html
http://www.i-newswire.com/deltron-says-it-has-prevention/41830
http://www.thefirstreporter.com/press-releases/stocksource-us-reports-mid-week/
I hope this helps and thanks for reading my post.
Actually yes it is, did you look? The Bing map is more up to date than the Google map genius, do the research.
Empty address? Again do your dd check more than one source.
This is Bing maps listing for EVXA
http://tinyurl.com/27ake3c
These are comments from newbies that do not understand technical analysis, ignore them. What they don't understand is charts and technical indicators can forecast future price movements and trends. There is no "pump", no newsletters, nothing, yet it has gone up because the stock was technically sound and ready to run. Gee seems like I have said this before lol.
Once price crosses .004 (Parabolic SAR) it will fly imo! I expect to see this happen tomorrow then, watch it go to .025 testing the neckline (resistance) for the double bottom play. Once it breaks .025 it expect to see it fill the gap back to .10 easily.
Chart: http://stockcharts.com/h-sc/ui?s=EVXA&p=D&yr=0&mn=6&dy=0&id=p31411310889&a=200335406
Here is the link
http://www.wealthdaily.com/articles/oil-spill-clean-up-company/2465
It used to say "Check Out this High-flying Stock..." they changed it now to say "Check Out this High-flying Scam..." after it has been posted on all the boards and they promo some other stock now, lol.
Seems they changed the article now to say "scam" bait and switch? waited for it to be posted then change the contents to promo another symbol? lol what a joke!
EVXA is on the radar new article!
http://www.wealthdaily.com/articles/oil-spill-clean-up-company/2465
They need to update the mention of the address however, Google maps is outdated, this is Bing maps listing for EVXA address:
http://tinyurl.com/27ake3c
agree, we have seen the bottom, now up from here.
I have been preaching patience here, the charts don't lie! double bottom, pinch play, gap needs to be filled @ 0.10 this run has just started!
0.0017 could be as low as it goes, has support on the 10 EMA.
EVXA bounce has begun as anticipated with the double bottom formation on charts. Heading up now, plowed thru first and second resistance levels!
Once it breaks 0.0013 first resistance then we will see this stock run in my opinion. It has found support at 0.0010 which has been tested twice now forming a double bottom. Charts indicate this is a home run, and is ready to pop soon, especially on news. Volume is picking up which also indicates interest is growing in EVXA. Just a matter of time, by August this one could be huge.
This is Bing maps listing for EVXA address on record http://tinyurl.com/27ake3c
looked like more than just tar balls, showed birds and beach covered in oil in Florida.
Waves of oil hitting Florida beaches, watching it on local news.
Wait don't give up, Obama bail out coming for EVXA shareholders LOL!
MM's fat finger dump, caused the panic sell off today. There is no doubt the MM's will buy back at these lows over the next day or so, expect a dead cat bounce IMO.
I will give MM the benefit of the doubt, maybe a fat finger and he meant .0015 lol.
Something smells fishy here!!! Looks like MM has an agenda, gaps the price up to .005 at open then pushes the price down to .001 making it appear like a huge loss for the day, volume is low!
What is this EVXA game today? Opens at .005 then drops to .0012, that seems very shifty!
Good point agree with you 100%.
Read some of the older posts on this board. Ironic what people were saying before the last run up. Sounds very similar to what we are seeing now. Go back to April 19 or 20 and start hitting next and watch the sentiment change.
This stock is definitely ready for the next up swing, hang in there. As I said before technical indicators are looking great and momentum is picking up again.
Agree 100% with you! I am down huge money also, but understand that is part of investing. No sense in complaining or arguing here, let's keep this board clean and positive.
This guy is obviously very young, and uneducated. He won't take the time to slow down and learn from experienced investors. Anyway, let's all move on now, no use in beating a dead horse.