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PSID
If .085 gap fills IMO it's free trading now. (game over) If gap isn't filled watch for third dark flag breakout.
Game over
1,RIGH, 2,EFIR?
Any come backs require larger amounts of shares for sale, with these OTC game stocks. So if one sees any comeback bounces, if strong volumes are not involved, don't expect continuation.
Does this have anything to do with upcoming new SEC shorting rule? Do you see these stocks will start covering?
If you've been reading the board recently, FITX was one I had high hopes for and was surprised when my rule based trading style forced me to take it off watch with the retrace.
Thanks for the heads up of new life. I'll re-eval the thing for a new trading plan. As I feel the darkside still has somewhere around 1 billion share for sale. What ever motivated them to let the price fall so far before jumping back in, I have no idea.
Got the flag bounce. The trade plan is entry top resistance .014 for pattern target of .018+/-.
Ps; nice volume today. And I don't recommend trading expectations anyway. But tomorrow should continue, as the price spent most of the day at mid swing .011 today. The afternoon pull down is usually loading up low to run it at open the next day. If one sees price rise end of day the open should pull back to reload.
When day trading trades into the close up or down usually determines the next days direction the opposite. It's a load up low sell high thing. Selling high at close means big guys sold and need new share to sell. So the open goes down to get those shares.
While turmoil creates fear in the market, watch commodities rise. Both GOLD and OIL are working on broken out of double bottom chart patterns. Plus a nice place to get involved in times like this.
Just did a post about drillers picking up, pre spring positive cycle. And have posted about GOLDs come back, several times. This recent chit should help both areas strongly.
M&Ms cleared out their Friday naked short position, created filling orders in last weeks hot price surge..
You see this all the time. Walk it down in rush hour, stall trades, to make retail think, then freeze trading and when it is taken down first thing after a trade freeze, all the retail thinking "what next", panic sell. This is a typical M&M trick.
The Fri short sales volume was 47% of the total volume for that day. So they needed to get some cheap shares to report to the clearing house.
Watching Next week
Big boards $1 to $5
Just placed my plan trade for $1.75 entry @ FALC
Also placed standing orders at
SIRI Double bottom
AMSC double bottom with short term flag
ASM flag
OTC
Strong watching
FWDG
ELTP
FROZ
TTDZ
GDSM
BGNN
MINE
Hidden trade types are completely legal. Used on both the OTC and national exchanges. And buying up all the ask stack is also legal. For that matter, closing a large order in a series of smaller closes is legal. There is event a order restriction to avoid this from happening to your order. An "all or nothing" order AON. If you don't use it, the broker can close it in a hundred small orders completely legally. Same as you buying a large order I place, then me buying it back in smaller sized trades.
It's not the fault of the traders, trade strategy. Retail reacts to these actions in a way that benefits them. And all any broker involved is doing, is executing his clients directed buy / sell strategy.
Collusion, manipulation, IMO yep. Illegal no.
I have no idea what goes on in the gray market or during suspension. I wouldn't, haven't, don't, play there. But if you see volume when a stock can't be traded on the open market, my guess is that volume is taking place off market directly thru the transfer agent, then reported by them.
Wash trades or burst trades signal.
After reading my last post, it brought up another subject stuck in the back of my mind, I haven't posted about recently.
Trading group trade signals. Trading groups are also darksiders.
They buy/accumulate low and manipulate runs for profits also. But normally have less money involved. Thus they have less power then a VC funder. The goal is the same, fleece the emotional retail herd. Sell what you have accumulated large low, higher into manipulated runs, to emotional retail. Their plays are quick, a day or three and most often done in the triple zero musical charts area, with no news. Finished the minute the accumulation is sold.
You can guess a trading group is involved, when you see wash trades. A wash trade is when you see a large order close in the time & sales and minutes later an opposite side order equal close. Ex: 10 mil at ask @ 10.00 am and a 10 mil total at bid over the next 15 minutes to half hour. Sometime you will see 2 5 mil at bid. 1 at 10:10 and 1 at 10:15. or 4 2.5 mil at bid. You get the idea. totals match.
In this case it's the volume their after, plus the buy strong/sell weaker, to imply up side momo. They want the herd to see huge volume increases at end of day, with price increase, due to implied large ask buying during the day. When they don't have the cash to actually buy the ask stack and create the volume. They buy and sell to each other, during the day. How may times have you read at a message board, "look at that 10 mil buy at the ask" now we're hot ! You may have just gotten suckered.
This action will produce the same end of day price and VOLUME surge. The real beauty to this is how the synergy creates volume not really involved during the day.
Wash trading causes small misbalances in the swapped trades and here is where you can confirm the action guessed at, by a Small "T" trade reported after hours. That's the two or more traders in the group, settling out their arbitrage differences during the day. Small "T" trade, signals wash trading took place. And confirms ones guess.
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Then there are the less frequent, burst trades, which also imply direction to those watching the time & sales. Burst trades need help from a broker. So when you see them, odds are the trading group has a small broker, some where in a strip mall some where, with connections with an M&M. To close the groups request for closing a large trade order, in pieces. This increases trade fees and many small brokers and M&Ms, if needed, are happy to help.
The same thing; 10 mil gets close in 10 straight 100k trades popping up in the time and sales. Most of the time this will happen when the ask stack is not very deep/large and 10 closes will close the .0011 stack, the .0012, then .0013 stacks. Creating inexperienced day trading pennylanders panic BUYING. That's right panic buying. Pennylanders do get emotional and freak when they think they will miss something. If your good, you will see matching total volumes closed on the oppose side, in the next 15 to 30 minutes added up.
Trading groups with less cash manipulation power, still have techniques to drive price direction with a little more work, but less cash needed.
Wash trades (trade swapping) or burst trades; two signals a trading group is causing the manipulation.
A long one covering the M&M / VC relationship signal.
A 100 mil weighted average price dule trade went threw @ 13:40 today. 3 ticks below price, showing dark masters have an AX M&M, stealth manipulating for them. And reporting after the work is done.
Naked shorting shows manipulation. And manipulation makes it hard to trade successfully based on any kind of reasoning. Technical or fundamentally.
In the past naked shorting was so bad, NO ONE trading the OTC had a chance for continuous successful trading at the OTC market. Because it was completely under the market makers control. They could and did run any stock as high as they wanted. Or dove any stock as far as they wanted, by trading shares they didn't have, Nakedly.
REG SHO started in 2003 "I think" (maybe 02 or 04) and was so weak it did little good at stopping naked shorting. In 2007 the SEC finally put teeth into it and since, naked shorting at the OTC, has become pretty much a non issue IMO.
How does knowing what stock is on the list now days help a trader, is really only helpful to high risk day traders. Which expect a short squeeze as broker/dealers need to exit their naked short positions, to stop SEC fines. Day traders will create a strong watch list of stocks on the REG SHO list and jump in a stock which shows price and volume pops. Thinking that is happening because the M&M is buying his way off the list. To buy one need to buy the ask, It's the only effective way to be sure to close. And continuous ask stack buying causes runs on the OTC.
If M&M positions are large, it's hard to buy anything without a price increase and run, when one needs to keep buying the ask to accumulate enough shares to settle their naked position. That's called a short squeeze, Which forces price to run and day traders can jump in low and sell high for their daily trades.
Other then that, I see little to no reason to care about the REG SHO list. I personally haven't kept constant tabs on it for years.
EWSI chart
No problem on my part. Traders think differently. Always happy to see a polite individual trader, rather then some drown follow the herd type. That's what I try to teach here. Become an individual trader after learning as much as possible and finding what works best for your personal trading wants and needs. I wasn't trying to talk down to you, because I have more experience on the OTC, but was trying to pass that experience on.
I've heard, so many times, "this one is different" and here are the reasons. They may all be good. And EWIS may turn out to be that 1 that succeeds, by getting off the OTC eventually.
All I was trying to do was point out the odds for making money on the OTC can be repeated much more frequently, if expectations and hope are keep out of the equation. And in general, holding any OTC stock long & strong, for any reason, has produced many more losses then gains for those doing that.
I've gotten several others, private messaging me about how good EWSI is and how it will be the exception, for one reason or another. I strongly doubt it based on my experiences over the years. But thought I'd do a chart eval for all interested. So you-all can see technically, how the stock price future looks.
I see no short term play there. But mid term, over a few weeks, there is a mid term pattern trade (worth watching) for a trend reversal and continuation past entry lines for a swing trade.
Short selling on the OTC barely exists, because of the large margin account requirements. $2.50 for each share shorted in pennyland, in your margin account. Think of that; to short a .001 stock for 1 mil shares or $1k worth, you would need a margin account value of $2.5 mil.
Naked shorting has become the exception rather then the rule. It still happens in fast and furious runs. But now days, not as large as before, so it can be cleaned up quickly. I can remember per 2007 the SHO list having 25 naked short stocks over 90 days, up to 300 days, with out cover yet. And 200 company stocks on the list in general. Now days it has less then 25 generally, with rarely any over 90 days on the list.
The set up is there.
Means a large run may be coming.
One can not argue opinion to a conclusion.
My point is holding any OTC stock long, because you expect something to happen, is NOT the best reason to buy and hold. Let alone the most successful trading style.
The company doesn't matter. These guys could be honest businessmen, working hard to become profitable and successful. But to do that, they need cash and cash comes from selling shares to VC's and VC's play the OTC game to get their huge profits from retail. And the OTC game just doesn't last longer then 3 month MAX.
So on the OTC trade the game, because probably 1 in 1000 startup companies actually succeed. And in most cases that success comes after 3 yearly rounds of new funding, to progress from one business stage, to the next. Concept to execution to success.
If one wants to invest, not trade, then buy a REIT on the big boards. If one wants to make money on the OTC, then learn to sell and trade in and out of each OTC game that comes along.
That's not an opinion, it's a fact, proven over years with experience. Trade the OTC, Invest on the national exchanges.
Pennyland heads up BRGO
Not hot on IHUB yet. But trying. Hard work when it isn't pot related. Unless they announce making some kind of THC dispensing jewelry. LOL
Large amounts of new shares in big guys hands. A/S raised from 2 bil to 4 bil Jan and multi debit conversions PRd Feb. Second "no business news" price double, under the belt. No pattern or attention pop involved, a musical chairs stock running on dark power, so far. IMO when they need PR help it will come, timed to cause retrace bounce. A 100 mil weighted average price dule trade went threw @ 13:40 today. 3 ticks below price, showing dark masters have an AX M&M, stealth manipulating for them. And reporting after the work is done.
The set up is there.
Actually the last Q was unaudited.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9622287
Plus amended 4 times per SEC requests for clarification. And while rev's have increased + 8 mil from zero. The losses have increased to 2.5 mil from 610k over those 3 Q's also. So they are spending more then they take in, to generate those rev's which mean squat to profitability and actually increase losses.
Ewsi will be posting their audited annual within a month or so.
The CEO already announced he would reinvest all revenues for more growth so I wouldn't expect profits.
FIBs info and OTC game video
By the way; I was wrong about FITX darkside having more shares for sale. And have removed it from strong watch.
Interested in "What next at the S&P" ?
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p27073323153
Ps; the 6 & 8% envelope from the 50 MA rubber band effect evaluation on the S&P, has plenty of room for continuation.
"V" bottom video
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97598180
OTC Heads up on my FWDG strong watch. It's moving , but on weak volume.
Improving
BGNN
Flag FIBs bounce watch
ELTP
TTDZ
FROZ
GDSM
MINE
potential revenue
NO OTC stock is good LONG !!!!!!!
Chart looks like funding taking place. Worth a weekly watch for a month or so.
Don't rely on what people say. Company management especially on the OTC. Check yourself.
Learn to verify all statements before believing !!! If you can't verify it's a lie on the OTC.
Check the company filings, for OS changes. 1.3 billion OS No change.
June 2013
http://www.otcmarkets.com/financialReportViewer?symbol=LGBS&id=115019
Sept 2013
http://www.otcmarkets.com/financialReportViewer?symbol=LGBS&id=116681
So happens he didn't stretch the truth in this case.
In a nutshell: There's a damn good reason the yield is big... these can be dangerous investments. "
what do you think about this comment ?>
Ask Volumes in the level 2 are much larger then volumes at the bid. Positive. The stack is the number of M&Ms at the same ask & bid price.
EX; there are 3 M&Ms at highest ask with a total of 18 mill and there are 4 at highest bid for 5 mill. 18 mil want to sell and 5 mil want to buy. Closing the 3 M&M's at ask, will produce 18 mil in trade fees. So chase the ask. Which raises the price.
This is how the big guy darkside creates runs also. They can place large sell orders at ask or just spend some cash and buy up the ask stack themselves. Which ever fits their plan best. This manipulates the price higher, and higher. Till the retail herd takes control from M&Ms, front trading the ask stack and the run is on. Big guys manipulate, M&Ms control. The retail herd, trading without a plan, trades the emotion presented to them. Up or down. Led by the nose like cattle or sheep.
In the case of a fast moving manipulated run. M&Ms will chase the volume for increased trading fees. The larger the difference, the more brazen the M&Ms will go naked chasing fees. As the difference tightens, they feel time to reverse will create selling, hopefully in a panic. And a chance to cover their naked short position. All the time closing open market orders first, then their client book, for small arbitrage gains and continued trade fees, seen with continued down side emotion.
Looks for new shares issued not news expectation to drive continuation !!! Read some recent posts. Learn the OTC game. I just covered all this.
Because darkside money creates runs, not news. Retail doesn't have the shares needed to sell into (FEED) any run, to keep it going, news or not. Pennyland retail just doesn't sell runs anyway !!! They buy runs. Basic, simple and clean.
Big money Darkside with large amounts of shares for sale higher or the ability to naked short higher, feeds runs. Once the manipulation of buying up the ask stack starts a run.
Here's a chart of daily volume showing what I was posting about.
IT's the emotional wild west OTC. Obviously the dark master lost control of the attention pop, he was attempting to create. But when you get a bunch of dumb ass pennylanders buying the run and greedy M&Ms loving the trade fee emotion. You sometimes see these high candle spike breakout days.
As long as the bid/ask stacks looked positive, The M&Ms will naked short the run, taking the sell side out of dark masters hands. Feeding continuation till the buy higher frenzy slows from retail. As dumb ass retail emotions calm, the M&Ms will take the opposite side, front trading down, covering during the rest of the day.
It's all "where's the money". And IMO this one had the dark master lose control, to another big guy, the M&M., So they could reap the front trading small arbitrage gains and trade fees, in a high emotion, fast trading day. It happens. Who ever is the greediest of big money wins.
You just said it all. Switched business plan to fleece the retail herd with pot news. Exactly the story behind PMCM.
Day trade only, if your good at day trading. Don't like the high candle spike.
First I'll say grats on getting struck by lightning.
Next I'll comment on the fact that money drives OTC runs, Not news. Which I mentioned many times while discussing the OTC game.
This one/day is a perfect example.
http://stockcharts.com/h-sc/ui?s=TDEY&p=D&yr=0&mn=3&dy=0&id=p31576863469
The run started at 1:35 PM, the minute the news was released. BUT the news said nothing!!!! It was all darkside manipulation driving the HUGE price surge.
Looking for a new management doesn't cause 725 million shares traded or 263% gains. And BIT coin, well it's falling apart!!!
http://ih.advfn.com/p.php?pid=nmona&article=61252859
Was just posting about GREAT news, perfectly timed, being released at PMCM Feb 25, with large price fall.
http://stockcharts.com/h-sc/ui?s=PMCM&p=D&yr=0&mn=3&dy=0&id=p98155927564
http://ih.advfn.com/p.php?pid=nmona&article=61214477
The more you see something happening, the more you can rely on it !
Weak news huge gain TDEY
Strong news large loss PMCM
News drives emotion, darkside money drives price.
Learn the OTC game you play.
By the way TDEY could be a pump & dump. + over very quick.
APNT
Symmetrical triangle without prior trend. Could go either way.
Just trading group bought low days before selling high. Suckers play. No trading history. Should not be played, unless you know what your doing.