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Can someone tell me:
Is NTWK forming a classic cup and handle formation here or is it something else?
How do you read the breakout of such a formation?
Can someone with charting skills and TA knowledge tell me:
Is NTWK forming a classic cup and handle formation here or is it something else?
How do you read the breakout of such a formation?
How in the world is that bashing? Letting us know the kind of financial agreements they have gotten into and the impact on what shareholders my be holding, can only be helpful. I, for one, like to have all the information possible on convertable debentures and CDs when I'm considering trading a company. Just because information may be negative in some ways, does not mean it is bashing. It is still helpful information.
Chambers,
Those are great. I'm going to copy some of them to another board.
My interpretation is Yes, they would get the dividend because they bought before the ex-div date and held through the date. However, that is all talking about a CASH dividend
With GMDP, we are talking about distribution of shares of another company in which the ex-div date is handled differently according to this article.
What makes your (Chambers') interpretation so hard to be completely sure that it will be necessary to hold through June is this part of the article: "The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date)."
Now, the question comes into play in the fact that GMDP, or the exchange, set an actual ex-dividend date of March 3, which was 2 days before the record date. This is totally contrary to what this article states as to when the ex-div date is to be set.
So, the question really is, did they have the right to set the ex-div date as March 3? Or were they out of line, thus making that date invalid due to them being noncompliant with the regulations in doing such. If this is the case, then the rule in the article would be in effect, and the ex-div date is actually the day in June (1 day after distribution of the dividend), and the date published by the company or the exchange is in error and they should correct such so that we know where we stand.
That is how I read it. Now someone needs to have the company address this discrepency directly. Were they noncompliant or are there some exceptions that they are allowed in setting the date? If so, what are the exceptions they applied, and reassure us that the date they published is the actual ex-dividend date in which we are entitled to the shares, free and clear, without any IOUs or due bills.
Sorry about the belated reply. My computer locked up so I have been doing scandisk and defrag and, in the mean time, have been talking with the re-organization team of my broker. Very arrogant attitude and they say "if bought before ex-div and held through ex-div, then will have all rights to the distribution of the shares of the other compnay". However, they REFUSED to look at the sec document you provided (excellent DD, by the way, KUDOS!), so I am still uncertain and still think you may be correct. I will continue to investigate and when I know for sure, I'll get back with you.
As for the reverse split, thanks for your thoughts. I sure hope not, RSs sure leave an AWFUL taste in the shareholders' mouths. BLAH!!!
Excellent explanation!
Thanks.
Sounds like a great indicator to have on charts. I will definitely start paying attention to such.
Van__h3776, or chambers 52,
What is the chance that GMDP meets this $1.00 minimum requirement to be listed on NASDAQ by doing a huge reverse split. You write "Remember, the minimum PPS to become fully listed on the NASDAQ is $1.00."
I have been in other companies fighting for their NASDAQ listing that achieved such by doing a reverse split when they could not get the share price high enough to achieve the goal on its own merits. Is this not a likelihood with this stock? If not, why not? I have bought several hundred thousand shares over the past month and I'm starting to get a tiny bit worried that I may have jumped the gun here without thinking of the other possible scenarios that could play out.
Also, I thought I read somewhere that NASDAQ lifted the $1 minimum share price requirement sometime this last year - am I wrong?
Chambers, My broker says that the dividend is ours, we do not have to hold until June. Now, you make a good argument, and I'm not fully convinced my broker is correct. There may very well be a requirement to hold till June to get the dividend. Where can we get absolute verification of the requirements?
BB,
Thanks for the GMDP chart.
I have noticed something new in your charts as of late - What are the fuscia colored squares? SAR?
If so, what is SAR?
Go ahead and re-post it since our curiosity is piqued now, lol.
So, is it going to bust through it or stay held down by it?
I think it will break through and go up a bit. Holding the 5dMA quite nicely.
What happened with IPVO today?
It had 2 positive PRs and ended up the day down.
Were these pieces of news insignificant? or was it just a shake up before better prices to come?
If it were sell on the news, I would think it would have gone below .90.
I think I'm going to add about 7,000 shares to my position in the am if it is trading in the .91 to .92 range.
IPVO: Doesn't look like it would go much higher than 1.10 if it did break .92.
I hope I'm wrong, I have shares at .82 and .84
Why NTWK, of course.
Omni thinks it is not one that I can apply the 5, 10 dMA, and 50% rule because this is not one of his breakoout plays, I guess. He has stated that he considers it a channeling stock and has posted its chart on his board with a comment or two about the chart. That gives me a little info, but I have NO IDEA of whether he thinks it is moving into position to be a momo play or not (he only states that the stochs and MACD are too low to be considered a momo play), but they are just on the verge of being high enough. So, I do not know if once these 2 move up just a notch, is this then considered by traders to be a momo play and are they likely to be jumping on board for anticipation of a nice move higher?
I have no idea how to read this chart to get info on what to do here. My problem is, I SOLD IT, right before the move up, to get into some other stocks while I waited for NTWK to do something. You know how long I have been holding it, and waiting, so I figured I had a little time.
Can any of the experienced traders on this board tell me how to play a stock that has been in a channel for over 6 months, and may possibly getting ready to breakout?
What are the best indicators to use and what are the signals?
What are the confirmations for a move?
If this is the wrong board to ask for such information, could someone please tell me if there is another, better board that would be able to give me some direction?
I need some feedback on using the 50% rule.
Could some of you tell me if I am thinking correctly and correct me for areas in which my thinking is of base?
These are my thoughts:
Is it appropriate to apply the 50% rule on the same day as the run?
OR, do I wait until the next day and look at that day's close? If it does not close at the 50% mark or better, then is this the indication that it ia heading lower rather than higher?
Also, if the stock starts out the next day moving above the 50% mark and trades around that range, but breaks the to the downside at some point, is that an indication to sell the few remaining shares I have intraday?
This 50% rule is great, but it takes so much more to learning how to apply it than looking at a chart and seeing if it gives up 50% of its move.
Are these thoughts wrong?:
1) You use the ENTIRE range of the day of the move, even a 2 minute spike, AND you include the amount of a gap from the previous day's close.
2) You start out at the close of the day on the day PRIOR to the move, not the open of the day of the move. This would keep gaps in perspective as a part of the total move, whereas, if you use the open of the day on a gapper, you lose the part that the gap contributed.
3) You are looking at if the stock gives back 50% or more in SUBSEQUENT days after the move, not THE day OF THE MOVE.
4) If it gives back more than 50% intraday in subsequent days, you either sell it (when it drops below the 10dMA), or consider adding to the position (when it holds the 5dMA).
5) However, If it CLOSES below the 50% level, you want to be out of the stock.
6) These things can happen over the next day, 3 days or even 15 days. You continually keep your eye on the 50% mark of the last major move, and the 5d and 10d MAs, and sell or add accordingly, until the next major move up, or it drops too far, or closes below 50% of that move.
Now, have I figured out all of this correctly, or have I missed something?
OR, am I making it too complicated?
"5 and 10 day MAs and 50% rule", and "if it gives up more than 50% of the move, sell, or add to your position", comments make it sound SO simple. My brain needs more explanation, sorry.
Someone, please confirm or clarify.
OK, your stochs and your MACD have ot be much higher for it to get the momentum that you find of interest in a trade, correct?
Since, in the chart, they have both turned upward and both look like they are getting ready to break into the area you find worthwhile to trade, is this one that you would be getting ready to jump in on as soon as the stochs get above 30 and the MACD turns positive?
I thought you did not like to jump in on these long consolidation phase breakouts until the stochs got to 65? I'm Soooo confused, are you thinking this is a buy or a sell right now?
or a hold?
or maybe just one to put on your watch list?
Also, many traders have posted that this held its 50% mark (3.10) but I see the 50% mark at 3.42 - where did I go wrong on seeing the 50% retracement,
or am I possibly correct?
So, how do you think it will affect the stock price?
Any effect at all?
No, Sorry.
It come up on my news alert with Schwab Street Smart Pro. They do not give a way to copy it or link it that I can figure out.
The company that initiated coverage is ManageSource Research. That is the best I can do.
From what I understand, on many stocks, ex-dividend is a couple of days before the record date.
Record date for GMDP is March 5.
IPVO: Coverage initiated with a buy rating and a 12mo target of $2.21 to 2.45.
Anyone think this will move this stock a bit today?
Could you explain why?
what you are looking for?
Hack, Crumbster,etc.
I need some input on how to play TISA. I got in at 4.20 about 10 minutes before the close. Is it likely that it will go back into 5.05 to 5.15 range tomorrow? Do plays like this that run up on good earnings usually hold up for a while, and do they tend to build on their gains day after day or give it back on subsequent days. TIA
Thanks.
Also what do you think of the possibility of CNLG holing its move tomorrow? Think it will move back up or drop like a rock?
I was thinking of buying in at around 3.75, but do not know if I have already missed the run and am being foolish to try to get in now.
Latino,
What is your take on GMDP for the next few days now?
Is there likely to be selling in GMDP tomorrow now that everyone has their dividend locked in, or is it likely to continue with its move?
Not sure what to expect with a dividend payout. TIA
By the way, thank you for turning us all on to this one - I now own about 150,000 shares. Avg of about .045 after today's buys.
Could someone post a chart on GMDP, IPVO and RNKE?
Also, Is there likely to be selling in GMDP tomorrow now that everyone has their dividend locked in, or is it likely to continue with its move?
Can someone post what the ask was for GMDP at 15:48 or after?
I think I'm due a fill.
Excellent pick - I wish I had seen it.
I'm in GMDP right now, will watch this one for a pullback.
Can any one post what the Market cap is for GMDP? Does it change on the third when they issue the dividend?
Well, I am holding also. I almost sold a few of my shares on Friday but I refused to offer them below .046 and they were not interested in buying them at that price. So, looks like it was better for me, caused me to hold strong.
Holding on for the run-up.
Justastock,
Do you mind if I copy this to another board on Yahoo for a stock that I have been in for several years? The naked shorters almost forced this company into bankruptcy and we are always on the watch for what is going on with the short positions. You have expressed this situation so expertly that I would love for the people on this other stock's board to read it.
Thanks, Charlie
Like I say, I am the best indicator you guys can find for when a stock will move one direction or the other. I finally got out of my last shares of HQNT yesterday at .07......
AND......
LOOK WHAT THE POS DOES TODAY - So typical of my trading history. I tell you guys, just follow my trades and you will be rich; forget the charts, and do the exact OPPOSITE of me and you will be RICH! I have the anti-profit karma thing going on, you know, LOL.
Hey Evans, Great to se you in this neighborhood! Look around at some of the other boards - Break Out Trading (BOT board) (Bill Panetta - Omnitrader)
BB's Penny Haven -
The above are 2 I follow and have superb people/traders on them.
What is your take on RNKE. I'm in at .0093 and ready to get out. Hoping to get a sell at around .0102.
Do you think there is any chance it might get to this point?
Lowdawg,
I was able to get out of MOST of my position in HQNT, other than 2,200 shares. And I was able to sell it all at a profit, so far. We will see if I can sell the rest tomorrow at a profit. Right now, I am up about $95.00 - Phfew!!!
Thanks so much to you and DC for helping me to pick a good exit point. This board is GREAT!!!
The management is turning this company around and it will be a good investment some day. Right now they have such a bad history with the markets and maneuvering that had been done that I think they have a very hard time getting big investors interested and they cannot get their backers to support the stock price anywhere above $2. So, until they generate enough positive feelings in the market to attract some real big pocket investors, I believe this will keep trading in a trading range from $2 to $3, with the occasional pop up to the $3.40 range.
Now, they could generate such interest with their next press release and that could be tomorrow or next month - who knows. It could also take another year. They have DEFINITELY improved their fundamentals over the past three years and are making definite progress in the area of having some nice products and services to market to the financial/leasing industries.
The management leaves the impression that they HOPE to be EBIDTA positive by the end of this fiscal year (June, 04) - but I have seen them have hopes before and not be able to achieve or MAINTAIN them. Maintaining levels that they reach from achieving goals is a BIG problem in my opinion.
All this is JMHO.
OOPS!!!!
Well, I am obviously still quite inept at choosing a stock to jump into because I fell for the HQNT ploy. I have heard of pump and dump ploys for years. However, I had not learned how to anticipate such ploys by what you see in the charts until late Friday when I was reading this BOT board. I had already bought into HQNT early Friday - another lesson learned. I was not going to post my mistake, but then I figured you guys might have some recommendation of how to get out of it in the morning. I got in at 1 and 1.01. I will be trying to sell first thing in the morning. Is there any chance that it will go to 1.1 or 1.12 again in your opinions?
MartyMan or Chipped, (or anyone else who uses the Price by Volume indicator),
Could you explain what the difference is in what the first color (Green in Marty's charts) is telling us and the second color (Pink) is tell us on the horizontal bars generated with this indicator?
Also, it seems this indicator would give traders a hint of where the MMs are going to drive the price to - Am I correct?
Reasoning here is that I have read that the MMs try to have the stock trade as much as possible because they are making much more money off the buy/sell ratio the more the stock is trading. Higher volumes bring in more money in profits from differences in the buy and sell sides, and they generate more commissions.
So, if the price by volume indicator shows that the stock trades at much higher volumes when at 1.08 than it does at 1.24 or .90, can you anticipate that the MM's are going to drive the price toward 1.08 to take advantage of those higher volumes? I may be way off base here - just thinking, maybe too much, LOL.
Thanks MartyMan.
It doesn't look as bad as I expected. I do think the front loading has something to do with the resistance, just not as much as I thought. I just cannot decide how to play it.
I did not have the confidence to sell my entire position on this last PR - I get caught up in all the stuff I know about the company. So much of my information on NTWK is so, so much more positive than it was 2 years ago and I know the fundamentals are improving every week, I just cannot bring myself to sell it all. Once I do finally let go of my position, I vow never to get so tied up with a company again. I may invest long term in some companies, but it will be for the right reasons, and then I will not have a problem selling when I see those reasons disappearing.
However, my plan now (after finding these wonderfully knowledgeable and generous people here on IHUB) is to trade 80% of my portfolios, and invest only 20%. Thank you so much Omni, Cap, Chipped, BB, MartyMan, Latino, DeeDee, Hack, Rivet and several more - You guys are AMAZING, and very kind to offer your knowledge and skills up on a silver platter for us newbies to learn from as you have done. You have no idea how much your kindness is helping change the lives of many of us who have struggled for WAY too long.