Actually it could be a OTC game play. As the chart pop looks like the typical attention pop in a darkside move. Funding usually follows and then a manipulated run a few weeks to a month or so later.

It's a weekly watch for a possible darkside play.

Read some of my old posts about this subject.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75250364

There's video's at my youtube site.
http://www.youtube.com/lowtrade

Look for large amounts of new shares being issued recently at XTRM to confirm the possibility.

If there at the ask, that's enforcing continuation, not holding anything back. Where they came from or why, I have no idea. But sounds like a load up before action to me. I teach buy at ask when you WANT in. Pro's think that way. Get it quick, don't get passed by looking for cheap!

BUT with my tin foil hat on; Maybe there is one main individual involved with the most or all OTC pot stocks also. Just like there was one for OTC mining. And the SEC hasn't caught him yet. And he wants that last hooray and out of the whole thing, before he's next?

The mining stock guy was in Cee-it's SEC link; There this guy had his hands in 20 stocks.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540716442#.UvUJUWJdWa8

A musical chairs play I say stay away from. But come back when it does. I teach trade after, not before breakout !

To be honest most from looks brought to the board. Others by checking IHUB hot lists. Some by accident. Haven't found a good free scan website (I'm cheap) that gives multiple charts like FINVIZ does for the big boards. Somehow I just always end up with something to keep an eye on.

Do just a little more reading of the board. That was answered just a little earlier.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97002105

I remember back in 2002/3 thinking/feeling the same thing. But I had no one and had to learn thru the school of hard knocks, repetition , and study. Swore if I made it, I'd be there for others, because I needed help so bad.

Well your welcome. As all are. Just passing it on, like several of my old students at IHUB. Check out MrBig, EpicStocks , BlackOpStocks, and BONESPUR also. Their passing it on also.

Thanks

I've been in & out of AMBS,GSXN, LQMT & MCIG before. Looking for re-entry. MWIP & BYSD are new.

By the way' kudos on picking the most likely of the watch list to move, at this time. As the 5,10,20 MAs are at decision point!

Lets take the board through a complete trade plan.

Yes symt triangle pattern in an up trend. Target .0095, small entry @ .0055 resistance to .007 top resistance, then larger from .007 to .0095ish

BYSD
http://stockcharts.com/h-sc/ui?s=BYSD&p=D&yr=0&mn=3&dy=0&id=p90202696901

Both entries have acceptable losses 1/2 the gain.
The small enter is a 25% gain so I put a 12.5% trailing stop on.
The larger entry is a 30% gain so I'll use a 15% trailing stop.

If the price breaks .0055 I'll make 25% or lose 12.5% on small buy
If the price breaks .007 I'll make 30% or lose 15% on larger buy

Hold timing is a 2 week swing trade. 1 week each. On a free trading chart pattern play that took 4 weeks to form.

The first entry has a standing buy stop order now @ .0055 and the other orders are in and waiting. I know what I'll make or lose before the play even starts. The work is done, waiting for breakout. I use buy stop orders, that trigger trailing stop sell orders.

Yes odds are all price spikes are traders mistakes. Why they override their trading platforms order confirmation step, I have no idea. Emotion does crazy things to the inexperienced.

If you mean the candle wick/spikes as shadow. NO there is normally 1 trade only involved. But you can confirm this by seeing the trade on in the time & sales, or referring to a daily minute chart after the fact. This one came at 15:41 and was a single bad order closed.

I really need to say parabolic 1 day moves is NOT something one should play? Well IMO they should not be played.

Seems no matter how many times I post lightning strikes are very high risk trades. They keep coming to the board.

By now most should be able to see the difference between gambles and trades. Gambles involved manipulation, trades involve chart patterns forming over time.

Or put more simple. 1000% gains in three weeks is the pump! Watch out for the dumb.

Cleaning up big board re-entry list this weekend, As it seems the reversal has reversed at 1740. Poor economic calendar results and weak earning still gave S&P 2 day strong bounce. Looks like buy the dip has gotten hold. Time to get off the sidelines.

Hopefully I'll get a S&P flag to enter on next week. Love Monday & Tuesday a small pull back/stall @ 1790 S&P resistance level. Then big board re-entry after, on an resistance break up day.

Speaking of un-manipulated chart pattern trades at the OTC. Here's my strong watch list for them.

AMBS
GSXN
MWIP
LQMT
BYSD
MCIG I'm in

Darkside

AEGY
ILIV
FITX I'm in

I use OTC markets for most other things. But they include gray market that OTC.com doesn't. And I personally don't consider gray markets as a real market. It's IMO an area for mentally challenged to trade.

Either way it's rare you see a mid day halt on the OTC for a FINRA Extraordinary Event Halt.

FINRA are U3 halts and from what I see rare! Found no U3 halts from AUG 2013 to now. Maybe you have another listing site which shows FINA halts only? That can happen mid day.

http://www.otcbb.com/news/tradehalt/haltcodes.stm

I uses OTC.com for halt history info;
http://www.otcbb.com/dynamic/marketwatch/tradehalthistory.stm

Actually I've wanted this SEC action for 10 years. IMO it would be fine trading un-manipulated chart patterns at the OTC. The lower the price the higher the gain. You could still make good returns and thousands of retail herd newbie suckers, with little to no experience trying to help their families, wouldn't get screwed by rich VCs and promoters. All that would go away is the 5x and 10x plays. 25 / 50 / 100% trades are fine with me.

From what I gather FEB 3 action was mainly on non operational companies. Those not under darkside action yet. There trying to take the empty shells away from the darkside VCs and promoters before the retail herd gets fleeced. With that action.

The other H10 halts were probably after the fact, like OLIE & HSCO. And the fleece had already started.

Also note the US SEC halts happen ay 9:30am at market open. So day trade exits daily will protect one, but increase trade fee's. If one is worried about their stock being halted. My guess is you'll see more halts on these out of the blue lightning strike plays. Which have no trading just weeks before. The ones I keep saying don't trade stocks with no history. Ones which have trading history probably will slip under the SEC radar. I THINK (stress) THINK. Still increased risk as I have no idea what guidelines the SEC is using.

Here's a OTC history link; the U1's are foreign exchange halts with F at the end of the symbols. The SEC actions on US securities is H10.
http://www.otcbb.com/dynamic/marketwatch/tradehalthistory.stm


And trading suspension list at the SEC;
http://www.sec.gov/litigation/suspensions.shtml

As you can see in 2013 halts increased each Q; 13 in Q1 and 23 in Q4. 2014 they already had 8 and the Q just started.

OTC halts

http://www.otcbb.com/marketwatch/

I'd call FEB 3 a signal of SEC actions increasing.

A should read "food for thought" post.


I think Cee-it meant reduce the number you swing trade (hold longer then a day) at the OTC. Not don't play them at all.

I also noted that OTC stocks are getting attention from the SEC lately! He just documented it ! That means, if you continue to trade these with entry and exit plans, as I have been teaching. You may start to have your position halted and get stuck.

Per the links he provided, I'd feel that keeping a trading target, as I teach, continues to be a good strategy. But day trade and stop holding more then 1 day for target or exhaustion candles. The extra trade fee's may just be worth the protection from halts, which normally start at the next mornings open. Not during the day..

THINK ABOUT what fits your trading style and adjust as YOU feel needed. IMO

One can start protecting your darkside OTC plays from SEC halts, not just profit taking at the darkside stopping selling into the run exhaustion signals and getting caught in the dive, that way.

Thanks Cee-it. That heads up should be food for thought for all. Time to consider a different OTC trading style. Before a halt catches you with your pants down. A trading halt can be as detrimental to your portfolio, as an out of the blue bankruptcy. Both force you to hold a bag of worthless stock. Because the stock stops trading!

Daily exit, protects against opening day trading halts. And if they become more frequent. A change in trading style may be logical.

What happened at OLIE could be seen more often. Think how that may effect your cash on hand. Especially if your a typical "ALL IN" pennylander.

http://stockcharts.com/h-sc/ui?s=OLIE&p=D&yr=0&mn=2&dy=0&id=p21057881059

I picked up the 20cent special dividend and a 6% swing. I don't hold CIM as my divvy play any longer. My divvy position trade is NYMT. And this year I added some ARR. Only played CIM (which is also an outstanding divvy play) for the planned dividend capture and swing trade.

Happy 2 readers weren't struck by their lightning strikes, but were there to grab their part. ILIV & HESG; way to trade, in and out. Good luck today also. Don't get greedy and turn a day trade into a hold. Lightning storms end as fast as they come, normally.

Trade them correctly and be happy with what you get. IMO

Volume today less then half the day before ! TIP: Very weak retail support for continuation.

http://stockcharts.com/h-sc/ui?s=RIGH&p=D&yr=0&mn=3&dy=0&id=p08086386841

Gapped way past my standing buy stop order. And I don't chase emotion for any reason. To many other plays sticking to chart expectation with patterns. I like MCIG & FITX this week.

Flag target $2.08

Watch out for the 2 small gaps below and decrease in volume support today.

No idea. I Have a small bag for sale there. Hope it is a real turn around so I get my $500 bucks back someday. LOL I won't get into how I got caught watching my starter position retrace without dumping. Just another mistake of lazy.

Check symbol can't get chart at stockcharts.

Lost internet for 2 days. Snow storm took down a tree branch, which took down my cable line.

Actually someone else has done that. I have posted this link many times. I feel it's a good educational site with ALL the things one trading should learn and know.

Mod#2 is chart patterns. but the others are just as important.

http://www.informedtrades.com/index.php?page=freetradingcourses

Actually ARR has filled the gap at 4.25.
http://stockcharts.com/h-sc/ui?s=ARR&p=D&yr=0&mn=4&dy=0&id=p02891318340


Ps; it's a residential REIT, paid monthly, which I recommended a while ago for a divvy play. It has been gaining popularity with the price fall and channel and will probably remain in the 14 to 15% dividend channel.

Chart wise I have posted 2 plays a mid term double bottom and the short term swing trade, which has just reached target.

Personally I'm leaning toward dividend players will try to keep it in the channel. And the double bottom pattern will fail. Watch for short interest increases if it breaks the double bottom resistance @ 4.30. To try to hold the dividend up and price below 4.30.
Present short interest is 4%+/-,; could go to 10%.
http://www.finviz.com/quote.ashx?t=ARR

Old Mid term position play chart


Old Short term swing trade


New Divvy channel 14/15% chart

Ps; huge PE vs it's industry peers. 59th highest out of 61 with positive PE. Expensive ! Even after the retrace to $188. Na I wouldn't call it a buying op even with good earnings.

http://www.finviz.com/screener.ashx?v=121&f=ind_assetmanagement&o=pe&r=41

AEGY

That damn huge gap scares the logic out of me ! Decided to check share structure. And not consider re-entry.

Dec 31 2013 - 2,628,664,355 shares Late Oct 31 disclosure
June 30 2013 - 523,137,304 shares
----------------------------------------
2.1 billion new issued.

Same huge amount of shares issued, like in my FITX video, but most, if not all, accounted for in move from .0005 to .01 SECOND huge gap up day today.

IMO this was the kill stroke. Sold out.



Those not out, Think about taking profits quick ! IMO

Need to correct an omission in my S&P chart. And correct support projection from 1660 to 1700, if gap fill doesn't hold.

I missed a weak support price level, now in blue on the new chart.

MY AEGY starter position closed for 50% today. But my standing larger buy at .008 got gapped past. Don't hold any AEGY now.

SPX

Hear comes gap fill. Hope all are on the big board side lines with me. None of my big board new entries posted last weekend closed. LOL

1750 broken

Look out 1660

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96431169&txt2find=spx

AMG

That's a gamble in this market. Earning out Feb 4th. I'd want to know if this retrace is market driven or performance driven. See how earning looks first IMO. This one could be throwing the baby out with the bath water or a buying OP, depending on earnings tomorrow.

Understand.

That's how beginners trade. Lucky once in a while and not so lucky most of the time.

Just buying what's hot, in front of them. Not looking for a trade they want for logical reasons or planning anything.

Success comes randomly, not repeatedly.

Read some old posts, ask questions and develop a trading style, rules for trading and business plan. That's how random becomes repetition.

AQUM
Increase in A/S means their talking to funder. Any play could be months down the road. Weekly watch at best.

KGET
Has potential, FIND those funding shares for sale, or no potential. Weekly watch. Could place a standing GTC buy stop above top resistance, to catch any action sooner then expected.

BBDA
Musical chairs, IMO waste of time.

TFER

Not in my opinion.

I think;
Never believe the PR story, trade retail reaction to it.


Since the stock has no trading history, Only day trade this play. And if your not experienced at day trading. Save some heart ache and find another stock.

I honestly don't recommend looking at any stock which doesn't have a trading history. Unless your good at day trading and do day trade each day individually.