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Looks like this will take some more time.
Going Green!
.044 coming very quickly!!
We are getting close to jumping over that hurdle. Here we go...
Sounds about right. We've hit bottom for the day at 11:31am, on our way up. Trend lines have rounded up nicely.
I don't always do a slight fade before I fly, but when I do, I always tell you first.
I loves me some sideways action on lower volume.
.16 is good for starters, though if this is truly a turnaround, I'm looking for much more than that. Still I wouldn't mind doing a bit of trading while I'm waiting.
Yep, I was tempted to sell some at .046 today, and buy back on the dip, but was afraid of a late jump to .048 due to strength most of the day, plus I'm expecting mid .05s to .06 before week end, possibly by tomorrow. So I just held on. Not sure I would sell any at .06 either because that news could be coming any day.
Glad to see you're still with us! Was hoping you didn't bail like a bunch of others. Looks like we have a wave of fresh money... Uh, I mean people.
Could be insider buying. Even though the chart was already set up, but that could be due to insider buying too!
Nice double bottom forming on the 5-day. Right side of 2nd base forming now...
My prediction- move to .0375 around 2pm, then move to .04+ around 3:15 to 3:40pm
This is what you call a classic Yo-Yo pattern..
The reversal occurred at 9:35AM EST yesterday at .0302. We are range bound for a little while but not for long. This thing is going to RUN higher around 3:15 to 3:30pm today. Green day. Tomorrow even better. I added a good amount here. Get your helmets on. We're taking off!
Multiple support lines converging around the .04 line
If we bounce off .0348 we're going straight through to .044 at which point we will have new support at 4. IMO
If we come back down to the 50 SMA on the 5 minute I'm thinking it will bounce off it and then come back up quickly to burst through .04 up to .044... New up trend started with this run to .04
about to test 4. Looks strong.
Yep, the volume is right where it needs to be. We'll get where we're going quicker with the volume in the sweet spot. If it's running too hot, there's going to be a pullback. Nothing unusual there. A nice steady climb until just before it breaks out when everyone rushes to get back in at higher prices. Then it will form a nice base up there over a dime and never look back. The next major reflection point should be up there in the .60 area (pre-R/S) so a lot of room to run. You may see pull-backs around .25 and .40, but nothing major. And I still think we have a good shot to hit 1.00 in six to nine months.
I like the way volume has decreased as the price has fallen.
Thanks. Great info. I was reading this old post on naked short selling --> http://investorshub.advfn.com/NAKED-SHORTINGMUST-READ!!-7636/
It seems your statement conflicts that lengthy post on exactly what powers the MMs have in the OTCBB. What's your opinion on that post?
I also noticed that ICLD is listed as NasdaqCM (on Yahoo Finance) though as OTCMKTS on Google Finance, but I'm wondering what that means exactly as far as protections from naked shorting vs the OTCBB. Do you have any info on NasdaqCM vs OTCBB in this regard or are they synonymous?
I have a question (or two). Seeing how the MMs can just issue pseudo shares that the company has not authorized (if the info I'm reading is correct) what's to stop them from beating down every bull run by selling unauthorized shares, and committing massive theft? Why do they EVER have to leave?
And does this mean that getting back on Nasdaq is critical to stopping them?
Definitely. Management has to start backing up their claims with facts to prove they are actually succeeding. They are saying all the right things, but to regain investor confidence for the long haul it needs to be tangible. The only way I see this not happening is if the management team is actually engaged in shady business and pulling a fast one on their shareholders. They seem to be focused on the right things though and making strides towards a recovery. But you're right, we need more than a 1.6 million contract to move the needle.
I'd like to see the management team volunteer to take paycuts until they return value to shareholders. Also some announcement of how they are increasing margins would be nice, with some concrete examples. And obviously some debt restructuring and elimination. Expense cuts as well. I'm long here, and as Clay's chart analysis indicates, we are still in a long term bullish mode, though it is tilting closer to the bears favor.
Still, I look at it this way. The manipulation is strong with this one BECAUSE of the great bullish force, not the bull force because of the manipulation. When a good number of bulls become bearish and drop out, that's when the way is cleared. The manipulators are preying on our enthusiasm. The consequence is that only long term bullish investors win big with this one.
What we saw during Thursday's trading session was a bullish harami reversal. AKA, the end of the 2 day downtrend. You're welcome.
I'm actually hoping the shorts keep the pressure on for a few more days so I can load up some more. I'd like some in the .03s somewhere. Thanks.
ICLD right now is like Lebron James BEFORE high school.
If we close green today I think we have a so-so to nice day tomorrow followed by a big pop on Monday. If we close red today I think we have a day or two more of churning then the pop.