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AXCG Triple zero plays info
Triple zero musical chairs plays can be frustrating. As most of the time the pops are trading groups buying low (between pops) and manipulating the pop only, to sell small accumulation high. And only a few times are they really dark driven, with large amounts of funding shares for sale. So the play doesn't continue up past a quick double.
It's just so cheap/easy to accumulate in the .000 area and quick sheer the herd, with a double. This is why I don't recommend playing triple zero stocks for most pennylanders. They think big but get caught small, when the trading group dumps all fast. And if there's no shares left to sell higher. The expected breakout run becomes just another trading group double play.
It's another example of a completely different playing field. With triple zero stocks, one needs to buy and sell as fast as possible. And usually they can't be as fast as the big guys, because the big guys bought a week or two ahead of the herd and are gone in a day or three. Mean while the herd is buying when the shares for sale are being sold.
You just posted the perfect example of;
Never believe the PR story, trade retail reaction to it!
Forget the long chart for 2 reasons. First retail doesn't invest long in OTC stocks (their around 3 months max or bag holders) Second the symmetrical triangle's break, depends on prior trend and that triangle has neither up or down prior trend. So the pattern doesn't help project direction.
Only retails emotion and the $300k's worth of new shares will determine when or how large any run will be. IMO Don't load up on expectations. Wait for something to happen. Greed is good, but only for the big guys. Do what the big guys do. Not what you think they will do!
Your stock chart deserves a comment about the TA overlays you choose.
The Parabolic SAR is a good TA overlay when used on trending stocks, to locate reversal points. But if one depends on the SAR in a box channeling stock, you will die from whipsaw, trading in and out frequently. IMO stick to the BBands in channels, to expect change when tight. Only switch to SAR's when trend is established. And replace the BBand overlay. As they both project change, but the SAR projects direction, while the BBand projects only change when tight.
The BBand is said to be useful with M tops and W bottoms. But I personally have only had good results with change when the bands tighten. Many times the bands will continue to spread at upper or lower extremes, making it difficult to nail down actual reversal points.
Basically I use BBands to determine a decision point, not knowing which direction, just change, when they get tight. And SARs is used to nail down trend reversal points. At least that's how I use the 2 overlays. But not together.
Out of all the overlays available I like these two best. But I use either not both at the same time for different reasons. I think there may be some Multicollinearity using both. And I don't like more then 1 indicator telling me the same thing. It over weights the decision process.
SAR
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar
BBand
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
Unless the firm is mentioned in a Q disclosure, news release, or files a 13g ownership report to the SEC, I don't think you can find out. Not sure if transfer agent will/can release that info.
Since I don't spend all my time playing the OTC the only VC firm I still know plays the OTC game frequently is Asher. But I'm sure other pennylanders could help with some sort of a list.
Not sure what your saying CNBC ads? But the NRBT chart has very low volumes for a darkside play. So one could trade the free trading chart & TA IMO. If you don't know how to chart a stocks chart or interpret the technical indicators. My suggestion would always be, take profits when they present. And they present on the first red day of a run. So one playing should have exited once with profits and just re-entered till the next red day. If following this trading style.
http://stockcharts.com/h-sc/ui?s=NRBT&p=D&yr=0&mn=1&dy=0&id=p26758404613
Learn to sell to protect gain, re-enter on continuation past top resistance / previous high.
Ps, chart pattern target is .225, I'd expect a red day around then. But still sell if it has red day, before or after.
It got your attention, didn't it. The question is why does one still have attention, weeks later. Because they are holding for more! My trading style on the OTC would never hold for more. It sells to protect gain and re-enters on continuation past previous high. It's low risk/capital preservation.
If your looking for logic on the OTC, I doubt you'll find it. There are things experience has shown me to help predict action. But predicting is what it says. A guess. No one really knows what any given dark master plans until it happens.
That's why I may expect, (watch for) but don't trade setups, till they happen. There is NO black & white, just gray, that varies based on the darksides un-known plan.
Some 1 day pop the stock, some 3 to 5 days and some walk it up over a longer time frame. What's good for one controlling a move, may be different for the next guy.
The real proof in the pudding is finding large amounts of new shares being issued for funding. Without a large amount of shares for sale. Runs don't continue. There is no one selling to the emotional retail herd. Feeding the run. And OTC runs need food.
IMO never relax when holding an OTC stock. LOL
There are many reasons Pennyland stock prices fall. But being shorted is not one of them, now days. They could fall because broker/dealers became naked short trading in a fast running attention pop and they manipulate price lower to cover before the 3 day cover period or 13 day REG SHO period. It could be retail herd boredom, just switching to the next hot stock. Day trader manipulation to re-enter lower. Or lack of expected follow up news from the company. Or just the plain fact the short term emotion bubble burst. But relaxing while any of those reasons exist is high risk. Because prices on the OTC can fall as fast as they pop. Getting caught waiting for more isn't pleasant.
One really needs to learn to sell while playing on the OTC market.
Also would like to suggest not using long term chart looks for OTC trading. The shorter the chart look, the more accurate it becomes to your eye.
BAYP 3 month.
http://stockcharts.com/h-sc/ui?s=BAYP&p=D&yr=0&mn=3&dy=0&id=p00853015124
Also experience says the longer a move drags out without darkside intervention, the stronger the odds for price fall becomes. The retail herd left on their own gets bored waiting and leaves for the next what's hot stock. IMO holding long for more, that doesn't come in a week, is high risk, on the OTC. I believe strongly in protecting one's gains. (selling and re-entering on continuation, if it happens)
Money flow TA indicators
SPX up date
I see the "V" bottom is working out as expected. Throw back completing.
Feb 28 heads up post;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98063783&txt2find=spx
Todays continuation start;
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p27073323153
Another example of why I trade chart patterns over what's in front of me. You can project future price movement with patterns. Keeping chart pattern stocks on your watch and strong watch list to chose plays from, will increase your odds for successful trading.
Study chart patterns and supporting technical indicators. Create a trading business plan. Develop a repeatable trading style. Your odds for success will increase. Playing what's hot is a gamble.
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Ps; SBGI in "V" bottom video, didn't reach target and followed FIBs bounce from 61% to 38%, until the bear flag took over. It should be on strong watch for double bottom bounce now! But bear flag could continue south to target below. Worth a watch.
Creating a trading business plan.
Old subject I thought would be nice to repost.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86806674&txt2find=
MDMT looks free trading to me. Play the chart pattern
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers
New
Old
I have no experience with intra-day gaps. But in general, would think all emotion corrects eventually.
It can take from 2 weeks to a month or so after an attention pop, before any real run starts.
Your gains, if you hold after exhaustion.
High candle spike, Gap below, 4 days green. You have three of my TIPs right there.
http://stockcharts.com/h-sc/ui?s=MINE&p=D&yr=0&mn=3&dy=0&id=p23175910769
TIPs:
First red day after high candle spike signals retrace.
90% of common gaps fill.
Runs normally last 3 to 5 days.
It could be as simple as they will get 2 trade fees for one order, from you. You should always use AON (all or nothing) orders when trading, large penny stock numbers. The thing to keep in mind is use the trading platforms options that direct how you want your order to close. Leaving it up to the broker could cost you more money.
It's impossible to look at the time & sales and see your order on the OTC market, as it's a 2 tier market.
a short explanation;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94525894&txt2find=tier
This is not new news. Everyone following commodities knew the iron, steel and copper accumulation peaked in 2012 in China, as the growth slowed. Stock piles aren't good for price.
INVA
Could be. I'd research share structure to see if I could find large amounts of new shares issued at bottom. To confirm possible darkside play coming.
There is an unusual amount of bottom accumulation. This sometimes indicates insiders & friends, but could just be other retail bottom fishers. Either way there is more then normal interested in this stock, at lows. Worth watching a few weeks.
Are they trying to get value from the company because it is actually a real company with value, and would that make it a worthwhile investment?
I stopped playing and watching weeks ago. Game over.
BRGO weekly watch
ATEC look elsewhere
With 2 emotional attempts at break. I personally would hold breakout entry till over $2.05.
IMO all 3 are done with their darkside manipulation. But worth a weekly watch.
There pretty small, so they could be M&M signals.
I haven't day traded much for years, but unusually small orders at ask or bid, with uneven share amounts use to indicate where the M&Ms client order book stood. They would throw these out to the open market to vote which way to take the price next. You would this this mainly at price stalls points.
It would take a long post to explain and I'm not sure it still happens as it did before. But in general, I'd add up the small orders at ask and bid and expect the odd number was strength 0 to 9. And which ever adds up to the largest, is where the consensus of direction will be/go.
EX: 3 trades at ask at 777 and 6 at bid at 222. This would tell me more M&Ms want price to fall then rise, But the guys that want it to rise, have larger client orders on their first order book, in the 2 tier trade system. Since M&Ms chase volume. I'd expect the 777 would get their books closed first, then a retrace for the 6 majority.
My thoughts about trading the OTC, is rules based. Buy after reversal or breakout, sell on or before reversal, is a pretty stead fast rule for me.
Look at the volume today. Does it seem the dark master is supporting continuation today. (selling into the run) All I can speculate is today is not dark. Will they come back. Who knows, till it happens. Who knew when it was going to pop in the first place.
Personally I'd take profits today, tomorrow for sure if it's red. But there's always a chance they come back.
IMO trade fees to exit and re-enter are well worth the gain protection.
Yea PCFG has a history of helping themselves, but isn't that what all OTC startups do.
The thing IMO to keep in mind is their management has experience fleecing the retail herd. They have done it 3 times before. They know how to play the game. And from being dead for all of 2013, there is now new life coming to the news.
Are they a scam out fit, sure. But that's what we look for on the OTC. Companies that issue large amounts of new shares to VC's & other big guys for cash.
Actually that Asher conversion restriction was completed pre OS increase from 27 mil OS to 49 mil OS 3 months ago. And Asher registered their 2.7 mil as 10% owners, back then. Since, 27 mil post reverse split, there has been 386 mill added to the OS. This is huge!
Business news is starting, opening or developing old mining claims. Also smoke & mirrors PRs about subsidiaries shifting cash loans, on paper, between each other. Hinting company management is involved with VCs this time.
The question now, is what will happen with those 386 million new shares issued. Will the big guys hold their funding investment in the company long. Or create a major run for investment ROI profits quick.
I was wrong about PCFG in 2012 when it dumped new issues like water for debit conversions. Then 2 reverse splits to clean the balance sheet. I was thinking the new shares were setup for a new OTC game.
This time all signs are in place. They waited a year for the bag holders to leave. Balanced out their financials, started PRing business news, and in the past 3 months deluded the OS 13 times for new cash some how. Plus Asher is a known player. The VC firm king of the OTC game.
I always think, why would a funder give cash to a non operational, year long dead company, for shares? Especially 13 times the original OS. And as usual; I don't think it's because the big guys feel the company will start operations again and become profitable.
I personally started bottom fishing at PCFG. Maybe they will PR their going to light up their mines and grow pot in them. LOL
Attention pops then break
BCCI
http://stockcharts.com/h-sc/ui?s=BCCI&p=D&yr=0&mn=3&dy=0&id=p24149859863
STEV
http://stockcharts.com/h-sc/ui?s=STEV&p=D&yr=0&mn=3&dy=0&id=p91433696522
BMSN
http://stockcharts.com/h-sc/ui?s=BMSN&p=D&yr=0&mn=3&dy=0&id=p64868249744
Attention pops no breakout yet
VGPR
http://stockcharts.com/h-sc/ui?s=VGPR&p=D&yr=0&mn=3&dy=0&id=p33155482809
HPNN
http://stockcharts.com/h-sc/ui?s=HPNN&p=D&yr=0&mn=3&dy=0&id=p53185944936
MINE
http://stockcharts.com/h-sc/ui?s=MINE&p=D&yr=0&mn=3&dy=0&id=p86323759415
PMCM
http://stockcharts.com/h-sc/ui?s=PMCM&p=D&yr=0&mn=3&dy=0&id=p28551973020
PCFG
http://stockcharts.com/h-sc/ui?s=PCFG&p=D&yr=0&mn=3&dy=0&id=p48431215184
PVEC
http://stockcharts.com/h-sc/ui?s=PVEC&p=D&yr=0&mn=3&dy=0&id=p00734515987
Have no idea what's going on with STBV, but it's worth watching.
http://stockcharts.com/h-sc/ui?s=STBV&p=D&yr=0&mn=3&dy=0&id=p83025405300
NO volume, can't trade if one wanted too.
Great work, you researched instead of looking at IHUB. There the OS is listed at 49 mil.
Ok my point.
PCFG had 27,250,000 Nov 1, 2013 after reverse split.
Nov 13 49,315,000 last disclosure filing. What you see at websites.
Dec 16 - 114,498,000
Feb 5 - 293, 863,000
Feb 20 - 395,366,000
If one doesn't research share structure, you won't know the real OS along the way. Knowing 395 mil OS without knowing it was 27 mil 3 months ago doesn't tell you HUGE dilution has taken place.
Large numbers of new shares in big guys hands is the first sign a darkside play may start.
IMO we missed another 1. The attention pop was weeks ago. This is the pump.
Not sure what is meant by reinstatement play. An attention pop is exactly what it says. There is no volume or price change. Then there is large volume and price change. Attention, Tada.
Don't rely on website OS numbers for OTC stocks. Those numbers change behind the scenes quickly and many times not reported on a timely schedule.
Example: tell me what the OS is for PCFG.
Don't post about which brokers to use. There are many discount brokers available. About the only comment I'll make is caution if trading Pennyland stocks. Any clearing through Penson could get HUGE chilled clearing fees Over $150 some times.
The thing is some cheap brokers will let you buy without a chill notice. Then when you sell, you get a surprise, the clearing charges are bigger then the trade value. Research deep into what clearing houses are used and Google user reviews.
Attention pops are price and volume surges out of the blue.
Positive earnings and forecasts driven. There will be a point retail feels true value is reached.