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It broke through it, yes. But that's not what I'm looking at.
For the 20SMA to become support, we have to close above it. I'm looking at something else that's showing me that EGOC has broken through a resistance trend. Hopefully we can stay above it.
JMHO
Does anyone besides me see the small technical breakout on the resistance triangle that's occurring right now?
.0020's are possible with any momentum.
JMHO
I'm seeing L2 ARCA at .0026 bid, and BTIG .005 on the ask.
Confirm, anyone?
Also, look on the charts for the accumulation / distribution for Friday and the volume accompanying it. Based just on that, if the CEO comes out and says that no R/S will be needed, just think of the PPS based on that hard accum.
This is pulled back like a rubber-band right now.
JMHO
Let's hope you won't be too upset if the opposite takes place.
I've seen stranger things happen.
JMHO
.005's on deck. ???
Hmmm L2 upticking? .0032 and .0035 on deck?
Accumulation on the 1 minute chart since 10 am AND increasing as the day goes on?
Glad I held.
You might have something there. I've been watching the 1 minute chart for the past 4 hours and it's been nothing but steady accumulation.
Someone confirm this.
I'll bet that after today he has even more. What if all this selling was just a clever way to take a large amount of shares off the market?
Possibility?
JMHO
Looking at the chart, the volume isn't bad today and looks like EGOC may close above the 50 day SMA. Good bullish sign in my opinion.
A close above the 50 day SMA (.00144) would make it support.
Bingo !
I disagree. It generates movement in both directions and increases my account value.
It's nothing personal towards you, I just believe in what I do because it works for me.
It's my account value that's important to me, not yours.
I trade based on my perceptions of human nature and it's reactions to market sentiment on any given stock......not my perceived stock valuation. I think this stock is worth $5 a share...but that doesn't matter much, does it?
JMHO
Flipping for $100 to $150 profit while averaging down is smart trading in my book.
JMHO
I sitting below the bid....and I'll get them too. ~wink~
Did you take it in the shorts today on AUCI? When you told me you got back in at .0037 yesterday I almost choked laughing cuz I knew you HAD to be full of it. :)
Nein !!!
Those punks wouldn't fill my order. LOL
LOL....oh, I don't know what to do????? <insert Mrs. Swan's voice from Mad TV here>
Should I buy 300k shares at .0017........hmmmm. Or should I wait until it passes .0037 resistance as confirmation.....hmmm?
What that .0017 was, was someone with a sell order at .0017 that didn't want to sell too soon and removed the order.
JMHO
EGOC!!!
Yeah...but they didn't say what you were holding. LOL
Sorry, I couldn't pass that one up!!!
Yup, I goofed. I meant .0007 - .0009.
Pesky zeros...... :)
He got the bill for the dinner...LOL
Just messin' with ya. :)
Next stop..... .007 - .009
JMHO
....and yes, even though I'm out I still have it on my watch list.
This is going to tap .0011 one more time and then bounce.
JMHO
Sell !!!
:)
Sell !!!
:)
If those are stop losses at .0021 it'll drop to .0018 fast. Time will tell, I guess.
JMHO
Gonna drop 50 - 60% from the high then either go back up or stabilize with bagholders in place. Look for .0075ish.
I'm happy you made some cash.
IF anyone is still in that AU** stock, I suggest getting out now while your in the green.
Up on nothing, down on nothing even faster.
JMHO
Yeah, that's why I asked if I was being stupid. It felt like a reach, even to me but I needed someone to verify my wishful thinking.
Thanks, I think? LOL
I'm looking at the 3 month chart and I say to myself "doesn't this look like a basic head and shoulders pattern".
Anybody? Or am I just being stupid?
Bigtoe, what's up with the increase in volume today? My lazy behind just woke up.
iBox numbers for share structure and O/S and A/S need to be updated to current status before anyone with any money is going to risk it.
JMHO
It was my "Christams" present :)
You should type faster. That way you can make more mistakes! LOL
Ultimately it's all BS in my opinion because the SEC restricts the little guy.
Slap that .002 !!!!
Don't be sorry for me...I got out at .0031 the other day for a profit. ;)
I trade with my IRA account. The benefit is that I don't have to take my trades to the tax man every year. When I buy and sell I don't pay tax on the profits.
Margin accounts are good as long as you don't borrow against your account and end up with a margin call.
Cash accounts are good as long as you make decent money...after taxes, and fees.