Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well said qas. I think I'll go learn some more stuff over on some of the other IHub boards, there are some great technical gurus on out there in IHub space (if you're into that sort of thing, which I am) ...
We will have our day in the sun here at ETIM, I believe. Just don't know when ...
GLTY
Opp
Well, at least I am reading the chart and trying to make predictions accordingly. Conversely, you simply post replies to me that consistently state "I am wrong", "Good luck LOL", and that "We will close at 0.0050 or higher today or tomorrow". You will be right eventually, I agree ...
You were saying, y0? I don't think the ADX was, nor is, wrong at all, at least not yet ...
Thanks for the L2s, Bee.
Anywhere around 0.0036 to 0.0039 and I'm buying back my other 1.2 million I'm guessing the MMs aren't gonna let this bleed below 0.0036 this week, but who knows? ...
Clint, put an end to this boredom and give us the AFs!
Opp
Yup, so far we are "finding out who's right" ...
Unfortunately, IMO things are very simple now for ETIM - it will be sideways at best, or dripping downwards (more likely), until we get a PR with AFs. I would imagine many people agree with that, and the chart has certainly been telling us that the last week or so ...
GLTA
Opp
Tech-Indicator: do you not use the ADX? It is one of my favorite indicators (check out lowtrade's board on IHub) - and the ADX for ETIM looks terrible, sorry ...
I'm long so I'm not bashing (but someone will still flame me, that's OK) ...
Opp
I'll agree with that. I'll also apologize for not seeing all the trades that you posted, my Streetsmart (Schwab) obviously misses some trades (I only have 1 trade at 0.0047 on my system, not 3). Also the tone of your note was conciliatory, and mine was not, so I will apologize for that too ...
I hope you are right with your predictions, I'm very happy to buy back my 'sold' 1.2 million shares at 0.0050 if I have to, once I see the chart technicals start to turn around (I'm still holding 1.2 million long). But I haven't seen the chart turn yet IMO, largely because the volume has been anemic and the MMs have been playing their usual games. But at least it's not a price drop on anemic volume either, hence the uncertainty we all share in the very short term (next 2 or 3 trading days).
Time will tell. In the meantime, I will not "get high" on anything
GLTY
Opp
What part of this don't you get? The candle from Friday's trading was contrived - do you think a closing trade of 680 shares at 0.0047, for a grand total of $3.20 (yes, that's three dollars and twenty cents), is grounds for building a strong case for a "Bulliish reversal" as you say? You gotta be kidding me ...
Now tell me who's high on what ... If I'm high on anything it's a huge dose of 'reality'
I too want ETIM to go up - but I'm not going to talk it up with 'smoke and mirror nonsense' ...
Opp
Correct, well said. (EOM)
That candle was contrived and you all know it. One measly 680 share trade at the EOD at 0.0047. The whole volume over the last several hours was also peanuts. Don't kid yourself, and don't patronize the board with bullish nonsense ...
What WAS 'bullish' is that for two days now, the bounce off 0.0039 was rapid and was not accompanied by massive selling. The MMs aren't dumping IMO - they aren't rushing to cover their shorts yet either, they are just playing with the charts while they wait for a clue about the AFs ...
... and also don't kid yourself about the MMs ability to get insider news about the AFs. They have ways of getting the clues that they need, to know whether they are in trouble and need to cover, or to buy more quickly because the price is going to take off upwards. Talk to someone who works in their business - it's their job to 'network' (or 'spy') and find out these things - no one ever said the system is fair, but that's how MMs like NITE are so hugely profitable every year (sadly IMO, I don't like their business model, but it is what it is ...)
Anyhow, the game continues, to me the chart says the MMs are are 'uncertain', but they are also saying 'we don't believe in Clint and his AFs - at least not yet' ...
FWIW
Opp
Sorry Bee, disagree. This is a pink sheet stock - investors here may own a chunk of the float, but we're not in the same class as Warren Buffet and his investment group We're a bunch of unaudited, for the most part self-oriented (moderators excluded!) posters on a message board, most of whom are not here for any 'common good' and most of whom will cut and run at the first sign of big profit, or big trouble ...
MMs control the game, Bee. They make the market and they make money - we either ride with them, or get run over by them. MHO based on experience ...
You know, all Clint has to do is shake hands with a couple of MMs and financiers, issue another 500 million on the OS, and everyone on this board is diluted and flushed down the toilet with the share price. What kind of clout do we have then as a group of message-board investors? I'm not saying he's gonna do that - but he could ...
For me, the charts are the only way I can forsee impending profit, or impending doom. Management's actions (or inactions) also give some clues.
GLTY, and thanks for moderating this board. I hope you don't burn out doing it ...
Opp
Lurker, you're back in my bad books, I DO NOT BASH ANYONE! I answer to a Higher Power, and He teaches us not to bash ...
GLTY
Opp
OK, THAT was a good one, I'll respond to that! Well said, yes, I have put tape on my cat's head a few times - but I feel sorry for them after 10 or 15 seconds, so then I take it off. What they REALLY hate is if you put a sock on their head - but they go so crazy that I can only leave it there for 3 or 4 seconds ...
Yes, I will probably buy a couple of urns for my 2 cats when they die ...
Opp
yup, why do you ask? Do you think what we're seeing right now is real, or is it a sucker rally like yesterday? I don't know for sure, I am asking honestly ... have you thought about it?
PS How much of the float do you really think 'we' hold? I bet it's peanuts ...
Bee - I'm only responding to what was posted direcly back to me, not preaching 'trading 101'. Hence I would disagree with you - judging by the comments I'm hearing ("we can move the market ourselves", "MM's hate low volume", "ADX is turning up so that is a good sign", etc), many here have not been trading for years as you suggest
But OK, I can leave well enough alone. Those who want to learn and discuss things will learn and discuss - I'm must say though, it's tough to do either on this board.
Thanks for your efforts trying to facilitate both here
Opp
Do you not think they LET you move the share price on low volume? They could easily stop it too! They control the game on low volume, believe me. They love low volume. When the volume gets big, THAT's when they can't do exactly what they want, because then they start competing with each other. Any other time, they take turns sharing 'the axe' ...
... Read up about it on the web, or talk to a pal who works in the business. It's actually a bit depressing - they hold all the cards, and are out to shaft us all. It's their business. They don't lose money - and in order for that to happen, some of us must lose money.
The best we can do is 'learn what they do, and do the same' ...
Opp
Mr 'bright' Sparks, I'm sad you think that "I have no clue", the MMs will take your money sooner rather than later IMHO
GLTY
Opp
You live a lot closer than I do - my phone call has to cross two oceans So I leave it to you, or someone else, to call ...
Opp
When MMs know something, and/or wanna work together in cahoots, you'll see a lot more volume - either real shares that they hold, or fake ones (naked shorts). Shareholders on this board have NO power, that's for certain ...
Opp
You're kidding, right??? This board has NO power whatsoerer to move the market - the MMs have it all. Don't kid yourself! (Unless you were just joking ...)
Opp
analyze and Bee - I don't wanna be picky, but if you can update the 'date' in the IBOX, to show the last date we knew that the OS had not changed, then that is actually very important info ...
Thanks
Opp
'Analyze', what about the OS, can you or anyone else update us on the numbers? Sorry, I only drop into this board occasionally ...
TIA
Opp
Thanks for the reply, NewPennies. At least you took the time to write, much appreciated. So many comments on boards like these are the kind that people would never make face-to-face, they wouldn't have the guts
My average is around 0.0033 - not sure exactly, I've bought and flipped up to 50% of my shares, 3 or 4 times. Have done very well on this one - recovered all my SLJB losses and more with my ETIM trades
But while I've been hanging out here with ETIM and their AF delays, I've missed out on the action with POWN and PDGT. Oh well, there's always another opportunity around the corner
ETIM is a tough call, one of the very few pinks that I am tempted to hold. Yes, I agree with you that Clint is on "strike two" right now IMHO. The quandry as I see it, is that his first two strikes were home runs that just curved past the wrong side of the foul ball pole way out by the left field home run fence
So there's potential that he'll hit the next one out of the park. But if he fails (or delays too long) with the AFs or with any other decent PRs for that matter, then we are below 0.001 again without doubt IMO ...
GLTY
Opp
Agreed 100%, thanks.
In theory, I should dump my remaining shares, that's my trading style. However, this is an unusual pink sheet stock - it has real potential and I actually do believe they are going to release AFs
I obviously don't want to be on the sidelines when the AFs are released. I also don't want to hold this in case we drip down to 0.003 or 0.002 in the meantime - because that's just holding 'temporarily dead money' which I don't like to do.
So there you have it - the joys of market investing in pink sheet stocks Knowing when to sell, and when to hold, is everything. If I had the answers, I wouldn't be on this message board, I'd be retired in the Bahamas
That's why I personally put a lot of weight on the charts - they have served me well over the years ...
GLTA
Opp
y0 ...
1) charts can be used to predict what's coming - you think I would be concerned if the chart is saying 0.0040 is the low? The chart right now is saying we are going much lower; we need a PR with or without AFs to stave that off ...
2) Yes, I can sell. I sold half at 0.0044 and 0.0045. I'm sitting on the fence with the other half. But indecision is not a good thing - you want 1.2 million at 0.0045 - I'll sell them to you
Opp
NewPennies - that was good, thanks! (Seriously) ...
I just 'wish' that Clint would take a little action here, I've worked in Sr Management of a small company once before and watched the MMs drive us into the ground while my Exec VP said "Don't worry, we're doing the right thing, we're building a company, think long term, yadda yadda ...".
Then we had 1 small setback and needed to raise cash to fix it - but do you think we could raise cash? The MMs and naked sorts had driven our share price down to one-tenth of our original value while we sat quietly on our hands, with no PRs during that time, "building our company". We couldn't beg for a partner for financing. We shut down soon after ...
It happens all the time. Clint should fight back IMHO, before we get to 0.003 (or 0.002), which could happen if AFs are delayed a week or two more ...
But that's just MHO. I can always sell and move on, although I think ETIM really has potential. Just don't wanna see the MMs steal that away from shareholders and Clint, just to line their own pockets ...
Opp
Share price is share price - would you post the same thing if we dribbled our way down to 0.001 on "peanut volume", and then traded there for several weeks?
That scenario happens all the time with pinks ...
Qas, some lurkers here neither understand charts, nor do they lurk All chart technicals are in the toilet right now - those who post otherwise are in denial ...
Unfortunately, I won't deny that I am still long over a million shares here. Sold half, now sitting on the fence - but that is proving painful
Opp
Let's hope so - and I really do hope so. But I'm afraid that's not gonna happen with this volume My screen says that there hasn't been a single trade since 11:27, is that correct?
Opp
Agreed. But that doesn't change the fact that the chart technicals are still bad - in fact, that kind of MM manipulation that you refer to is how they actually build a bad looking chart trend over several days ...
Opp
Bizarre trading day - 32 Million in the first 2 hours, and then zero in the next hour - weird ...
Opp
y0 - look at the ADX indicator on the chart. We need to close at least at 0.005 or higher just to undo the damage done by the last few days, and by that spike down to 0.0039 today. This indicator, and all the others, still say very clearly (right now) that we will go to 0.0035 ...
... I hope we don't drop that low again. But right now, the technicals are hanging on to a cliff edge by their fingernails. If we don't close significantly higher with some volume, then the downtrend remains intact ...
JMHO
Opp
The MMs are the game players, not us. I hope that's what you meant. The only other person with 'control' is Clint - but he is off fishing with Basser today ...
Opp
Hey Basser - is Clint already out there at the fishin' pond?
Opp
If Clint keeps quiet for the rest of June, this goes back to 0.001 ...
JMHO,
Opp
Agreed. (EOM)
Sorry, but you clearly do not understand ADX ...
You wrote "but the black line bumped also" ...
... and THAT is precisely the problem! The ADX is a trend indicator - when the black line rises above 10-12 and starts moving up, together with the red line moving up, THAT inidicates the start of a new, definite, DOWNWARD price trend.
Like I said, do not try to convince me (and others) with your posts (it's certainly not working with me), and don't listen to me either - go check out the definitions of ADX on "lowtrade's" excellent IHUB forum, or elsewhere on the web ...
Opp
Peterrush, try and understand ...
I am REACTING to the charts - I neither paint them, nor do I drive the PPS lower ...
I am not an MM nor a naked shorter, just a disappointed ETIM investor. Clint could actively try and defend his share price - but he won't. OK, I won't go there again, that's inviting more flaming ...
BTW, check out the difference between "there" and "their", as in "lose their butts" (not "lose there butts")
GLTY and your Gaitors
Opp