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target for this week: 20$
was in at 13.82
-x
s&p bounced off upper channel resistance yesterday(1100)
looking good for FAZ today.
imho
-X
4.17$ AH
i hope your right. been waiting for this week for 3 months LOL
our volume has been low these past up days, unless we see a couple 500m-1billion share days early this week its going to go back to 3.50-3.75 (give or take)until government is out. then it will climb.
"big" investors know the government has to sell alot of shares, witch will bring the price down, and that is where they will get in. they know when, where, to who, and for how much the gov will sell the shares.
until then, this is an excellent swinger, and i ride the waves!
surf's up DUDE'S!
be careful friday.
the government said they will not sell shares until earnings is released, so that means they could start selling again friday. IMO you will see a dump friday, or monday. watch after hours on thursday for tech signals.
government still has 8 billion shares left i think? im guessing they will be all gone within the next month.
excellent swing trade since last week monday! in at 3.82!
target is 4.50, but i will watch charts like an eagle.
-X
zigzag, inverted golden cross50/200 on spx...your thoughts?
50ma crossed under 200,
this last week rally actually a head fake? or is the inverted cross a fluke?
i personally dont see a double dip recession, what else could possibly go wrong? LOL.
thanks,
-X
(EDIT) i just watched your last vid, it was mentioned but didnt get into it that much)
whoopps! doing-dd on 10different things, forgot to look@date.
sorry board.
-X
Charts look good eh?
seems like a good move up is in store.
we will see.
-X
in about 52 weeks.
eom
thank you!.
i appreciate the info, heres something you may be interested in:
is there anywhere on here for file sharing?
i have a wonderful excel spreadsheet i put together with multiple calculators and estimators if your interested, it works real good, i think its right up your alley, and may be a usefull tool in your online teaching classes.
let me know,
thanks again
-X
thoughts on holding this over tonight only?
i held overnight last night, and it worked out...
press my luck tonight?
i think so.
-X
that 16 resistance is heavy
18 if it breaks 16?
lol maybe.
-X
ZigZag, where do you find "live" updates for
your eco calendar?
i (at8:30) tried to find the results for the durable goods report, and couldnt find it,
any good links?
thanks!
-X
heres my link:
Eco Cal
EDIT:
FYI
by 8:40 it refreshed, but the info was out, the ETF FAZ (one etf I follow)had already dropped .15c in pre, by the time I could see the report.
temporary ticker NEXMD
hasnt updated in some systems yet.
$3.375 price per share as of monday
with todays closing of .225c
thanks for the info!
but i have always been able to short 1.00 and under stocks...
i use TD ameritrade, and as long as the stocks are on nasdq amx nyse etc, i can short them, if they on otb or pinks, they wont let me.
i am actually holding a short position as we speak, on a stock we chatted about a week or 2 ago. who is now (go figure) doing a 15-1 reverse split.
thanks for those etf's, i usually trade the russell index etfs, but these will give me more diversion. thanks again!
-X
a couple questions for the board
1. what happens if you hold a short position through a reverse stock spilt? will it force me to cover beforehand? or will it just get adjusted just like a long position
example:
pre stock split
XYZ trading at 1.00 and 10:1 rs is coming.
i short 100 shares at 1.00
after stock r/split
do i now have a 10 dollar price short of 10 stocks?
2. ALSO Zigzagman, i read in an earlier post you may short the $spx soon
what does this mean? i didnt know you could short a whole major market index, do you have an ETF that follows it? ar maybe a fund?
thanks,
-X
looks like you got out just in time..
good for you.
you were right, dogshit pure and simple. LOL
if people were smart, as soon as spit comes, make money back by shorting.
good luck.
-X
sorry to see you go spicy
better luck in future ventures.
i think this would have turned around for you later this week though... channel is on the "up"
where are you going now? any prospects?
-X
well, its 2:40, and the volume for today
SO FAR has beaten the volume of our big news day last week (cough..laugh)
and has doubled the avg for the past month,
so im thinking now is a good time to avg down if you havent already, because it is only going up from here(excluding bad news).
if we hit 3-4 mill today, a good sign for tomorrow would be double that (6-8 mill) and "price follows volume" get ready for the word to spread, and if we get more good news, the .35 cent barrier should drop, and well get a pop.
IMHO
gtla
-X
if it breaks 35 it couldbe agood start
imho.
35 is key resistance, then i think the gaps are filled up to about 40.
we will see.
-x
today was uneventful but the good news is...
we stayed above the old down channel resistance, which is now support, (about .30-ish)
we actually ended green for the day...
we havent had 2 green days in a row since mid march.
I believe today was mostly profit taking for the people who got in in this last week.
we should contintue a slow move up next week.
have a good weekend and hope for more news!
-X
in that case....
i charge a 10% fee. LOL
Thanks again but remember this...
please dont make descisions on my info, I am only speculating.
and, sometimes I tend to overthink things a bit.
we will see.
time will tell.
-X
that is a strong .33c green daily candle!LOL
good luck after hours peeps!
tomorrow will be interesting for sure.
hopefully this will echo through the grapevine, and volume will hit in the morning.
glta!
-X
i love it when im right!
just close over .33, and we got a reversal BABY!
That PR just shut someone down!
the company just said they werent selling "now"
they didnt have to say anything about "now" only when they are completely done.
they just sent someone a "get off my block" message
my take is:
so who ever is selling, cannot use the excuse
"the company is selling all these shares"
to hide them from actually selling.
i see a short squeeze coming soon.
watch after hours.
IMHO
-X
WAYYYYY OVERSOLD!!!! RED 32out of 35 TRADING DAYS!!!
10 million dollar dilution= @25mill shares @.40c
they have sold wayyyy more than that since april 21, when the 8-K came out,
april 21 8-K
selling should have been done by now,
it said in their latest 8-K that June 1st was the approximate date for completion of financing:
latest 8-K
Assuming a repayment date of June 1, 2010, the aggregate outstanding principal and accrued interest under the Bio-Quant Notes will be approximately $10.1 million. The Bio-Quant Notes are expected to be repaid on or about that date
.25? lowest since december of last year.
are you kidding me?
this is not even funny anymore.
pr anyone?
raising 10 million bucks sure is taking longer than i thought, and these prices, even longer.
nexm is even a BUY-IF at AB
www.americanbulls.com NEXM
thank you Siforus.
dont worry bout your .57, if your riding it just to get out even, put a sell in at .61 GTC + ext you may (key word "MAY")see it towards end of this week or beginning of next, as my charts read, now till friday is a make or break. we should see something before friday close.
this down channel has been a killer, its been more like a really sharp pennant, but if .31 support holds true, the pennant tip is comming with (hopefully) a bullish reversal. if it does, it should be a big pop, being so oversold, and as of 5/13 there were close to 3 million shorters at .40-.44c, so i think a good squeeze is in order. LOL
that 3 million should get us to mid to high 40's, and then the volume will bring us to the 50s and if good news comes, we will see 60's or higher, but im thinking the accumulation thats going on now at 31-33 (lot of buys lately) whoever is buying will want to double up, so im thinking .62-.66ish.
but, if the channel continues, .27 is next.
please dont make descisions on my info, i am only speculating.
and, sometimes i tend to overthink things a bit.
we will see.
time will tell.
-X
down channel resistance at .34today support at.31
tomorrow it will be .334 resistance (give or take .001)
.298 (give or take .001)support.
if it closes above .334 tomorrow, it might be a good time to buy in, or avg down.
if it doesnt, down channel resistance will be about .298 (give or take .001).
support stands at .31 now, if it goes below that and .298, we will see .27 soon without news.
this is wayyy oversold, so if we see news soon, we may catch a nice pop.
keep an eye on the hour chart for conf.
IMHO
good luck.
-X
i thinktheres only about 20million shares outstanding now
10 million or so after the r/s, and then another 10 million or so diluted after the fact,
so, its just cheap.
r/s scared the sh!t out of people, and mm's played it like a fiddle.
waiting on NDA news from 530, and 514 ...STILL.
a good buy back price is about 1.60-1.80$ IMHO
lol
-X
I-had some extra time on my hands, so-i
i just went back through the charts to april 29th, when the
8-k was released
i looked at my 5 min chart, took down every red spike (red=down=sell) of 100k shares or more and the lowest price of that spike, multiplied the pps x shares, and added them all up together, and it looks to be like the 10 million bucks they were selling the shares for, has made finally come to be done, at the cost of about 25 million shares at about .40 cents avg price
im thinking we will see a PR about "closing of financing" or something to the effect of them getting their 10million dollars worth of dilution in the next couple of days.
hopefully this means no more bulk selling, and a good pop.
-X
WoW. dogsh!t is right.
.31 freekin' cents?? come on nexm, wtf.
the last time it tanked like this, it shot up after hours.
maybe want to keep an eye out tonight.
-X
down channel resistance at .35-.352 today
if it closes above .35, it might be a good time to buy in, or avg down.
if it doesnt, down channel resistance tomorrow will be about .343.
support stands at .33, if it goes below that, we will see .30, then .27
this is wayyy oversold, so if we see news soon, we may catch a nice pop.
keep an eye on the hour chart for conf.
IMHO
-X
hey zigzag, question for you.
what is your take on (NEXM)
i am a chart guy, and think this is going to turn soon, any suggestions on an entry?
im thinking were there. 33.5c looks good to me.
ill wait for a bump to the high 40's low 50's and get out.
lots of dilution as of latelty (last month or so), and i think now they are done selling.
thanks in advance.
-x
not yet, i think the last i heard was 530 last q of this year... october? maybe?
but if all goes well, there should be back to back nda submissions, but they will probably spread them through 2 quarters, so expect 530 this year, and 514 in first q of 11'
imho.
news of either will bring a pop.
-X
1.80-is-key-support, lots-of low level buying now.
if it drops below that, 1.50 is coming.
BUT
if this closes above 1.91 were headed bullish
maybe a good time to jump back in,
lower bollinger is curving up on daily chart,
fast MACD is upticking above slow
CCI upticking through -100
wayy oversold,
update on FDA news should bee soon.
personnally, im in at 1.90.
IMHO
-X