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All the doomsayers are gung ho on yesterday's drop, but this is normal price action for a rebound after such a fall. There's hesitancy which slowly evaporates as we bounce around the bottom. This is basic stuff.
I'm seeing the breakout potential here at this point in time and I'm long. I'm figuring it will get noticed within the next 5 trading days.
What does everyone think the RS will do to the price short term following it? I can understand why they are often negative, even if only due to perception, but in this case it could be extremely positive if debt reduction/elimination news goes along with it. Any opinions?
Have we stopped trading? Or are stock holders just refusing to sell for the last 30 minutes? Yeah, the latter.
Not really that much pain. Plus, this thing is going to .05 very soon.
All I know is there's a lot of smart people on this board and that tells me something.
Here is what I think may happen: .049 by Monday or Tuesday, then up to around .075 by end of week or early next week, followed by consolidation period where we drop back to .05, finding super strong support at .05. Consolidation continues for some time with base of .05 then launches up to .187. That's right over 18 cents nearly 19 cents. The consolidation around .05 base will take 2 to 3 weeks, so I'm thinking mid to late May when we hit .187.
Higher candle body today, plus we had good support at the .027 MA and separation from it, which shows nicely on the daily chart.
Nobody wants to sell. When you have filet mignon, you don't take a nibble off the end and throw the rest out.
NHOD coming soon. I smell .035 right around the corner.
Are the bears suddenly now in control? Truth is they were in control since .0985. So does crossing below the 50 day make them more in control, or simply accentuate the oversold condition, acting as a pivot? When we were at .0985 nobody said we were in bear mode, but we were.
Nobody wants to buy at the Ask. They're afraid of that fake wall popping back up and rightfully so! Guess we will mind numbingly sit here for awhile until the whales decide to jump in.
Let's see... 13 consecutive 10% drops followed by 5 consecutive 50% increases = 93% gain.
The longs are disinterested and walking away. Then the shorts will play with themselves.
Everybody is starting to hate ICLD. How are shorts going to make money when everybody hates it and the volume disappears? There are much better plays for them right now. Eventually they will wake up and stop beating a dead horse.
Might as well sell the company at this point. I'll take .20 a share.
Where's the news? I'm asking for the news. I think we need some solid news about now.
You know it
C'mon hit me again shorts. Hit me again. You aint so bad.
It would be awesome if this thing went to .05 this afternoon.
No, it dropped down there to bounce off the 50 day SMA.
I guess the shorts won. Time for all of us to short and put this company out of business.
PR Please! And make it a good one, so we knock out all the shorts.
ICLD will be at .12 in 2 or 3 weeks from today.
What a great price right here! Amazing! It's like someone is leaving trails of gold and all you have to do is pick it up. Talk about second chances!
Yes, let it happen quickly. A nice precipitous drop in a fit of panic. That's the way to do it. Then back up to .035 just as fast. I think we all know what follows from there.
They are holding onto news until it's needed. The capitulation is just about setting in. Let's do a sudden drop here followed by a complete reversal. Will make a lot of shorters very horrified and broke.
This board is about ICLD only. It's important I say this so we don't have chaos.
I think the big day doesn't come until mid April.
I think the quickest way for this to go up is for me to short it every day.
For those on TDA, does your Positions page show a loss for the entire ELTZ position? Really messed up to display it like that.
I see the same on my TDA. The alarming thing is the market value is not displaying, so total positions has the entire market value subtracted.
.043 to .044 very possible here before the close with further advances tomorrow
Yes, we want to ease a little down from .037 then comes the breakout to .04+ today!
Good observation. I've noticed the same thing. Sometimes though they even break below support and then begin the 2nd leg. There are forces here that have the ability to change the charts in unexpected ways to the upside.
Perhaps, however the shorters cannot control a stock when there's upside surprise due to improving fundamentals as we have brewing here. At some point in the not too distant future their fun will be over with ICLD, so I'm not too upset by it, except when they start spreading false information.
The 50 day SMA on the daily chart is between .025 and .03, closer to .03, and we're still above it. Clay's 30 minute chart analysis doesn't give the medium to long term picture accurately, it's very short term. Let me repeat, the daily chart that EVERYBODY looks at to get the big picture is still showing bulls in control. The bleeding effect is normal and happens with many penny stocks with similar price action, that a month or two later run 10X or 50x or 100x or more in a very short time. When it starts, it happens very quickly, and there's no going back to those previous levels. The retracements will be way up there at high multiples to today's price.
Why do some websites say ELTZ is Elite Books Inc and others say it's Elite Group Inc, an Oil and Gas company?
Value stocks have a way of messing up the charts when you least expect it, changing the dynamics in a heartbeat, especially when they are set up for an easy 10-bagger. But what do I know. It's none of my business what you do with your money.
MMs know they don't have many more chances to steal your shares. They're pulling out all the stops.