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IMO it's a short fight. While the stock doesn't have 10%, the short position increased from 2.3% to 6.7% in the early Jan run.
Volume and price in the chart looks like the last time it tried to break, volume increased also and IMO shorts stacked the bid, to hold it back.
Type in RNN
http://www.schaeffersresearch.com/streetools/filters/equity_si.aspx
Also see TTDZ is acting as expected. Retrace after red day signal, on exhaustion candle.
The more you see something happen, the more you can rely on it !
(link back)
http://stockcharts.com/h-sc/ui?s=TTDZ&p=D&yr=0&mn=3&dy=0&id=p55265532749
The potential is still there. Nothing wrong with taking profits, protecting gain, and watching for re-entry. Do that all the time.
I see RNN is trying ! A strong watch brought to the board by BONESPUR via Roo5guy and Topfuel. LOL
Didn't have a standing order or I'd be in early on the black (whooshy washy) candle.
(link back for chart) Continue watching
http://stockcharts.com/h-sc/ui?s=RNN&p=D&yr=0&mn=3&dy=0&id=p27253013795
DRRX from my watch list is trying also. $2.30 and I'm in.
http://stockcharts.com/h-sc/ui?s=DRRX&p=D&yr=0&mn=3&dy=0&id=p01218313679
I see DEWM is acting as expected. Red day following an exhaustion candle gap up, Filling now. Take profits if you have them. IMO (link back)
http://stockcharts.com/h-sc/ui?s=DEWM&p=D&yr=0&mn=3&dy=0&id=p58943943264
INAR is the same type of play, as the one that caught you. I don't recommend trading musical chairs stocks which tick up and down 1 tick at a time. And especially don't recommend trading any stock with no trading history.
Good luck. You may be OK if you take profits when they present and don't hold too long.
I see the same type of accumulation before the pop today. Looks like the trading group may have a lot of shares still needed to be sold. Watch the volume and when you see as much volume that was bought, sold into this pop. Get out!
Do what the big guys do.
Oh by the way look for plays which have a trading history and chart pattern to play. Your odds for success will increase trading what you want, not what's in front of you.
Here's a few to watch.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97006025&txt2find=ambs
Nothing positive with my OTC watch list. But I see 3 of my big board watches closed. In BRD,EXK,GSAT.
By the way Lowjack EXK is a silver large pennant play. Also see my standing buy order closed @ KGC today. Which I left off my watch list (forgot) by mistake, I had that one on watch before this weekends work. On a mid term falling wedge walk out. It's a gold play.
KGC
Yea I ended up taking a position @ .0075 the day after it gapped past me. Only small due to higher risk. Plan is to ride it till exhaustion candle exit signal. Bending my rules on this one. Normally I'd let it go without me. But had that their not done feeling, so went in little. Only used my right side of the brain. LOL
It means there were no trades higher or lower then when the CMF went to zero. CMF is an accumulative indication of daily price change. With no price change, no CMF change.
http://stockcharts.com/h-sc/ui?s=ECDC&p=D&yr=0&mn=3&dy=0&id=p88850942198
Ok everyone still around. It's been a LONG work weekend that has me at the computer all day and night this weekend. Researching, planning for, and adjusting my new year business plan. Answering many questions along the way.
Time for a movie and boat drinks.
You'd be amazed at all the chit I have somewhere in the back of my brain. Just need a question to draw it out. Independent recall is not one of my strong suites. LOL Could never write a book, need questions. Things are stuck in there and won't come out on their own. Ask questions and you'll open the book.
Looking for long term investments and added bennies of dividend.
Check out NYMT, ARR, CIM. I have shifted in and out of these for years. Rebalancing basis and reaping dividends that can only be found in REITS. 15% divvy average; plus swing/position trade gains and rebalancing. It get's involved for beginners, but still basic, simple and clean once you have your plan established.
How I rate chart patterns
For reliability at the big boards.
I like ascending triangles first. Retail pressure is hard to reverse once the lower trend line is established. Odds are the third top resistance touch will fall.
Next flags, Use FIBs overlay to determine odds for top resistance break and continuation.
Then falling wedges, but you want the price to walk out of a wedge, sideways, not pop out quickly. Pops tend to have throw back and re-enter the wedge. Sideways tend to climb like a single bottom bounce.
Next is a double bottom, (their nice for 2 entries; small at trend break and larger at main pattern resistance.
Then any channels, up/down/ or sideways, which have bounce off lower channel line for the third time. Until the third bounce, I don't feel the channel is really established.
And last a inverse heads & shoulders. These are mainly seen position trading a mid term 6 to 9 month chart. I small hold these and swing trade for target.
Next weeks big board strong watch list. OK I think it was Friday night or Saturday I gave my OTC list. Been working on re-entry at the big boards between posting this week end.
Like in the 1 to 5 dollar range
LIVE
BRD
DRRX
EXK
GSAT
VG
Hunch stock
SQNM at bottom of channel with 21% short. If it bounces off $2.00 and heads for 2.90 top channel. There will be one hell of a short squeeze to help! Ps; it's a Bio may need news to bounce, but worth watching close !
http://stockcharts.com/h-sc/ui?s=SQNM&p=D&yr=0&mn=6&dy=0&id=p40349815535
Look at the short increase from Dec 15th price climb; and it's still @ 21% short after Jan 2014 price decline per Finviz.com. Their not taking profits, must not expect the bounce. LOL Bounce equals surprise. Surprise equals short squeeze ! Strong watch IMO
Enter SQNM in "get chart"
http://www.schaeffersresearch.com/streetools/filters/equity_si.aspx
Lets cover your question first.
It's very common to see long term patterns, with mid term patterns in them and mid term patterns with short term in them. My rule about that is, trade the last pattern first and thank the larger pattern for support if it agrees. Think twice before entering if it disagrees. One trades what's now and invests in history. I often position trade (invest) in patterns 3 to 6 months long , but swing trade short term patterns while holding.
As for you stock you've got the knack at recognizing chart patterns. That's outstanding! Now you need to understand what they tell you. Don't think big board reliability on the OTC. That chart is a OTC pump & Dump which is over. The rest is retail trying to empty their bags.
The mid / short scenario there, says enter only with caution because of a larger negative mid term pattern and positive short term. But only at the big boards. IMO
If your interested in finding OTC comeback stocks research share structure to find new shares issued. Because no matter what the OTC chart says, retail not only doesn't, but can't, cause a comeback.
The only time OTC charts can be relied on is when the price action and volumes show a free trading stock. This means no resent darkside play occurred.
IMO EWRL is over and walking out of a falling wedge isn't going to cause it to reverse and climb again. That will take new funding.
SVFC
First thought was confused. The chart and thus retail have no idea what to do or what will happen next. TA is leaning toward down. Chart was a real messy pennant trying to find itself, which is positive.
No help either way from me. LOL sorry
http://stockcharts.com/h-sc/ui?s=SVFC&p=D&yr=0&mn=3&dy=0&id=p33087854987
Doesn't that suck. As long as it's not you (everyone else) buying. It continues. Then the minute you give in a buy. SOUTH is dives. LOL How many time before you realized to Never chase a running stock? LOL
Bet casino's love that definition. There full of prepared customers with opportunity right in front of them.
Ah shell shifting. Always a good reason to run it. Give the new owner a chance to hold the herd interest around as they work to get their funding. LOL
RNN Big board strong watch
Has an ascending triangle which cooler heads may walk up past resistance. Over 2 weeks to a month, which it took to form. Target is a buck higher. Nice. The Flag emotion obviously failed and started the true retail resistance level just below $1.20.
http://stockcharts.com/h-sc/ui?s=RNN&p=D&yr=0&mn=6&dy=0&id=p16315936830
Thanks
Shit I checked GLER early Jan to see if I should remove it from weekly watch a did. After trading the run in Oct.
Long story short; NO it's not a reverse heads & shoulders, but I dropped it from watch because it did have a heads & shoulders pattern. Meaning it should have fallen down farther, not run higher. But it's the wild west of OTC manipulation we're talking about. Chalk it up to missed another one.
reverse heads & shoulders
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
heads & shoulders
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t
Right now it's follow the #! rule for all trading. Never chase a running stock. IMO It's too late and will probably stall at top resistance. One could watch for re-entry on a new breakout then. But I doubt there are any new funding shares left for sale after Januaries run. Expect a flag retrace at top resistance, if it bounces and continues past top resistance from a flag is the question and reason to watch. Trade the flag not top resistance break without it. The minute you buy a running stock it will screw you and dive. At least that's my personal experience.
INVA On darkside watch
Almost missed you.
First thought was wow that's a lot of bottom fishers buying the bottom. Then wow where's the attention pop if it's a dark play. Shifted from 6 month chart to 3 then 4 month. Saw the attention pop. Dec 11 to 16. Also noticed huge accumulation on red days, Jan 22 to 25. HUMM, lets look at the company.
A functional company with employees. Humm Humm. What"s going on; time for my tin foil hat. All guessing and speculation mode.
I've posted about start ups needing funding that they can only get from VCs. And how sometimes good companies need to get in bed with the devil to grow their business. This one is looking like that. Functional company with 70 employees needs cash to grow.
There was a strong price pull down Oct & Nov. Usually means their talking to a VC for funding and got the price down to where the VC wanted for their funding shares. Hint #1
Someone buying up all the shares on down days in Jan, says an entity is loading up. Usually insiders knowing something coming accumulate just before a manipulated run start. Hint #2
July 2013 annual income statement show major spending on interest expense. Needs some debit conversation. Hint #3
June 2013 News starts with restructuring. Stock split and name change. PR blitz follows. Hint #4
I'm thinking a good candidate for a darkside move soon.
10Q September 16, 2013: 12,932,190
10K July 24, 2013 was: 4,569,375
8 mil shares possibly for sale. Since the company reformed.
Ps; Low OS usually means fast and furious. The whole thing may only last a week. Thus I'd recommend strong watching for the first double. But that could be weeks away. Low floaters make you keep on top of them because shares move out fast.
is that sell advice an attempt to create a new channel ...or what?... from all your educational posts?..I don't get your investment philosophy?..if any
how a sell dump taking profit is going to benefit the new investors that bought 500mils in the 00045 range friday alone...any advice for those people Proffesor????
any fundamental info to support that advice?
COHO
See nothing interesting in the chart. Just some bottom fisher entry months ago (Nov & Dec)
http://stockcharts.com/h-sc/ui?s=COHO&p=D&yr=0&mn=6&dy=0&id=p58450913283
And a month long low volume day trading period recently.
http://stockcharts.com/h-sc/ui?s=COHO&p=D&yr=0&mn=3&dy=0&id=p19952986592
OK you made me look. I searched financial websites for a chart on RVDO.
http://finance.yahoo.com/q?s=RVDO&ql=0
Found out it traded for 2 hours from 2 pm to 4 pm on the day you traded it, Feb 7 . You are lucky. And there is zero way anyone can evaluate 2 hours of trading. There was no trading at all in a 5 day or 1 month chart. How you found it I have no idea. But I can't offer any assistance on what may happen next, based on hours of trading at the chart I found.
Sorry I hurt your feelings.
Last thing a teacher should do is compliment what they feel is bad habits. And trading what's hot, lightning strikes out of no where or looking for them, is IMO a bad habit. Lightning is bright, strong and hard not to wonder at. But it happens so rarely in real life.
Day after day is where I am. Lucky to say OOOH/WOW at the majesty of a storms lightning strike once every few months.
As I stress frequently here. Keep the odds in your favor for success. Repetition breeds success. Luck failure.
Happy your lucky
There are 4 entities which work at the OTC.
Gamblers
Traders
Darkside
Enablers
Gamblers chase whats hot. Pulling out just enough wins, to keep them gambling till it's to late.
Traders know the OTC game a trade what others create. They do what the big guys do.
Darkside controls the action.
Enablers (M&Ms) regulate the action for arbitrage & trading fee profits.
Retail only has 2 choices. Nothing wrong with gambling if your good at it. Most aren't ! I wasn't, so I learned to trade.
Anyone can click "View Posters" at the top of the board and see how many gamblers are still around vs. the ones which became traders that are still around with us.
Being first is a natural first step playing on the OTC. Along with selling last. Trading after is the last step. Along with selling first.
Just trying to turn things around (flip flop it) for as many as possible. I wish success to board readers, not luck.
My point is, do you want to be lucky or successful. There is a difference.
I don't teach luck. It happens all by itself. Repeated success requires saying away from plays with no trading history.
Happy your happy
Pennylanders need to kick the "be first" habit. That's gambling, not trading. Both stock suck big time. Wasted my time just looking at them. Look for something with a history of trading action.
Welcome to the board and don't take this the wrong way, BUT. You just wasted a whole lot of time on RVDO.
There are 2 reasons I say that.
1, If stockcharts,com doesn't have a chart, the stock is not worth looking at.
2. One should not buy/trade stocks with no trading history.
There are just to many other OTC stocks available to research and trade, to waste time with something that's not even alive yet. If it ever gets born, you'll see it show up at IHUB some time.
Learn to trade, stick around and read old info at the board. Pennylanders need to kick the be first habit. That's gambling, not trading.
DEWN
http://stockcharts.com/h-sc/ui?s=DEWM&p=D&yr=0&mn=3&dy=0&id=p32120255328
3rd day has huge black gap open exhaustion candle.
price range start .0005 to ,005 gap open. (10X) Just posted about huge gap opens just don't happen.
Volume traded in 3 days 2.5 bil
My rule of thumb for darkside dump during parabolic run is 25% free trading 75% are dumped. Which says 1.8 bil dumped.
From Aug to Dec there were 1.2 bil issued.
I'd think the darkside has sold all. And may have actually accumulated another 600 mil in the DEC 11th attention pop. If os they held the entire OS when the pump started.
Parabolic run "rule of thumb"; Take profits signal is, sell on the first red day after an exhaustion candle.
OS
Dec 1.638 bil - price .0005
Nov 1.010 bil - price .0003
Aug 425 mil - price .001
1.2 bil new issue; since Aug price walk down channel.
http://stockcharts.com/h-sc/ui?s=DEWM&p=D&yr=0&mn=6&dy=15&id=p08720033464
I have to add, after all my posting about darkside plays and the OTC game. readers wouldn't know my thoughts about DEWM
SELL Take profits when they present.
It's, as always, only an opinion. A higher risk trader would put a FIBs overlay on it and watch for the 1st bounce play or a new flag and breakout. Could happen, I'm not always correct. And watching cost you nothing, as long as you buy after, not before! But personally, I walk away from plays I feel are over. And rarely look back. On to the next one happy with what I get !
TTDZ
Na that one already has it's 10X and more. Started at .0003 and went well past .003. It's just your typical 3 to 4 week pump & dump looking at the chart only. Expect the dump coming soon.
http://stockcharts.com/h-sc/ui?s=TTDZ&p=D&yr=0&mn=3&dy=0&id=p16170785626
Oh yea, keep in mind I only use 10% of my portfolio cash at the OTC normally. So usually all I need is 4 strong watch stocks. As I rarely trade over 2 OTC stocks at a time.
Since I'm on the sidelines at the big board I have been more active in pennyland. 20% LOL
By doing that anyone seeing a large number of sells over buys would be discouraged from buying and the price would be driven down.
Being at the ask means they wanted them. They or he wanting them, means they/he expects continuation. NO one is holding anything back when buying at ask, after hours. They are making sure their orders close, buy buying at ask ! Stealth is used to enter without increasing price. So he doesn't increase his own buy in basis! YES That's what he's doing. Getting in without raising the price he wants in at. STEALTH Thus I said "seems like a load up before action."
Put it all together and I'm saying no one is giving protected. A big guy is entering, behind the scenes, on future action they may cause! It's all greed reasoning only. Rich don't protect the little guy retail herd. They eat them for dinner!
Thinking of the OTC game and what you posted. I'd be thinking most, if not all pot stocks may run next week. And odds are who ever did these after hours stealth buys. Will sell all they bought and still hold, during next week. Leaving the retail herd holding the "I'm out of here bag."
110% speculation !!! From under my tin foil hat.