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As for your other question, Front loading and pumping are often tied together such as when the big buyers at the much lower prices are ready to get out they will try to pump up the stock, almost always timed around the the release of news, and then as the strength from the news builds and is reinforced by their pumping, they dump their massive numbers of shares for a nice profit. Thus, you will often see the share price drop shortly after the initial rise stimulated by the press release. The front loaded traders are out with nice profits and us new investors are left holding the bag because we were so anxious to jump in on this positive sentiment they built up and take their shares off their hands, 8>(.
I am always concerned about whether or not I am going to be the stooge when I buy a stock around a press release - be careful! This is a very sly ploy and the pros have so many advantages in such situations. The only DD that I know that would give some warning of such being set up is to look at the volume/price indicator, IF your charting programs have it. Also, you should look at the history of the way the company's share price behaves around release of news.
IF anyone else has other DD that might expose such ploys, I would be greatly interested.
I am in no way an expert - this is something I just learned today while reading this board. Check out post number 43432, by Chipped2003. He does a superb job explaining frontloading and how to see evidence of it in a chart. Let me know what you think after reading it.
Now I like that VRDE chart - I will be watching it closely.
That XYNY chart is an excellent example of the worth of having those volumes at certain prices charted. It beautifully displays that XYNY is heavily frontloaded while at the same time it displays that VRDE is not heavily frontloaded at all, thus having a much better chance at a stronger and higher upward move.
Could you do one of those charts for me on NTWK? I have a feeling I will see HUGE frontloading, but I would like to see the charting to confirm my suspicion.
OH MY GOD!!!! Are you writing my story or what?!?!?!?!? My situation is so similar to what you describe other than what pushed me into trying to start trading in the first place was an act of desperation from a horrific tragedy. Then on top of all the mess from the tragedy, I compounded it all with HUGE financial losses. I put my first trades in, in March of 2000, LOL. I finally took a breather about a year ago. I could not seem to ever buy into a stock that would not drop precipitously virtually MINUTES after I bought in, some even within seconds. No kidding! And the reverse was very frequently true when I finally decided to sell a take the losses - up, up ,UP the stock would go, almost immediately.
When looking at the bigger picture; notice March of 2000 is when the markets started tanking so badly and about 9 months ago is when they had some semblance of recovery. I get in in March 2000, wait for years for them to recover a little and finally cannot take it any more and get out, RIGHT BEFORE THEY MAKE A NICE RECOVERY!!! It is so sad it is comical, LOL. This is a PERFECT example of how my timing has been - get the picture?
I'm sure hoping this great gang here can work some of their magic for me and I can finally figure out how to make some more appropriate trading decisions. I love this way of making a living but, BOY, DO I NEED HELP! As it stands from my past history, if you see me get in a stock, your best bet is to exit and vice versa. My trades are the best indicator you could find for a run, lol.
Omni, I think I have my plan regarding GMDP backwards here after reflecting on your strategies.
Using the 50% rule and the 5 and 10dMAs as indicators for support and placement of stop losses:
I bought in on the 11th at .029 and .031. If I use the move on the 11th as my basis for my decisions, a give back of 50% of the move would be right at .03, which also happens to be the 5dMA. I had planned on adding to my position at .025 to .028, right in between the 5dMA and 10dMA. Is this a good plan or should I be more cautious and see if it holds the 10dMA before jumping in? Also, I think it would be wise that I have a stop loss in just below the 10dMA(.20) at .19, correct?
Am I correct in using the 11th as my candle for basing my 50% rule decision on? Or, should I have paid attention to the move on the 12th more closely and when GMDP opened up below 50% of that move, should I have dumped it right then and there.
I could learn alot from hearing what you would do (or would have done) regarding this situation. TIA
Thanks, I'm planning on trying to pick up more at .028 on Tues. The chart helped a lot.
Wow, now that I see that it touched the 5dMA, it changes my plan a little. I thought the 5dMA was around .018, and I was waiting for it to pull back to there before buying more - guess I need to up my buy orders to .028 and .031. Very helpful.
Thanks.
Do you happen to know what the 5 day MA is on GMDP?
Could someone please post an updated GMDP chart with indicators, especially the 5, 10 and 32dMA, Bollies, MACD, Stochs and OBV?
My charting software will not set up a chart like this for me.
Could someone please post an updated GMDP chart with indicators, especially the 5 and 10 dMA, MACD, Stochs and OBV?
"changed their shareholders on the 16th because of holiday."
Did you mean to type changed their shareholders' meeting on the 16th?
I'm in HQNT today at $1. Should move nicely early next week.
OK, Great. I'll wait and buy more then. I was thinking of getting a bit more today but if you see indications that it might test the 5dMA, I can be patient. Thanks.
Sorry Omni, I forgot that you need the symbol on each post.
In reference to GMDP: What do you see in the story now. Is it basing enough? I got in it yesterday at .029 and .031.
What do you see as the next upside target?
In addition to the benefits chip mentioned, you can keep posts and messages in your mailbox and set up files for grouping subjects together. For a newbee, these are great features because you can compile a series of posts that explain trading strategies and show you examples of how things are done. You can then peruse through these messages after hours to better enhance your trading knowledge.
HQNT: I was watching that (down 50%+, touched the 5dMA), I got in at $1 on way back up.
Do you think it will do much today or is it in a holding pattern here?
What do you see in the story now. Is it basing enough?
Omni, could you please explain how you set up your 66 stochs?
I see your charts say (66(5),3), and I have been trying to set these up on Schwab's StreetSmart Pro Trading software.
Is the %K set at a period of 66
and the %D set at a period 1 = 5,
and a period 2 = 3?
Also for MACD, does the C at the end of 12,26,5C stand for using closing prices?
Thanks. More helpful than you know. I just bought in at .029 and .031.
BB, is RNKE too tisky to be in now? I noticed you posted that you sold it. I just got in at .0094, and then read your post.
What is your opinion on GMDP - is it too late to get in? Do you think it has run too much already?, or is it just getting started?
GMDP, is there a recent chart on this with the OBV, Stochs, and MACD posted?
I keep checking.
I sure wish they would post the charts here and make some of their comments here, but most of the other traders just stay on the board they are posting to and will not update here. You can usually get a tidbit of info on the BOT boart and BB's Penny Haven every few days or so. Just keep checking there and you might get something.
I have been told three round trip trades in a five trading day period. If you do more than three (four or more round trip trades within the trading day) within 5 days, you are subject to the pattern day trader rules.
I use Schwab, and am considering going elsewhere only because the commission is quite high - $14.95 a trade for up to 5,000 shares or 3% of priciple if trading a stock less than a dollar. Schwab has the money available immediately once the sale of your shares goes through but, as I'm sure you all know, you must sell before you use the money to cover a buy of something else.
I am considering Scottrade, or Freetrade or any others you might find to inform us about. I am no longer considering E-trade after reading this tidbit about their account manipulations. I might check with Scwab about getting in Cybertrade, from what I hear, it is supposed to be the most superior trading platform of them all.
Any information to help guide me would be GREATLY appreciated. I have Medved quotetracker, and I am considering setting up e-signal for my feed, I am also set up to use Big Easy Investor, and I LOVE it and Medved Quotetracker.
I'm about ready to buy in to PTSC here at .0614.
I would appreciate your thoughts.
I was also considering EENT at about .25 or .27.
That's fine. I knew you had a big night on Super Bowl Sunday so I assumed it would take you some time to get your brains back in order and get caught up, LOL.
The chart looks good except I noticed that the Stochs are at about 35 (not good) and that they are trending down - these two things about the stochastics are what set off warning signals in my mind, so I would think a bit of nervousness is appropriate here.
I had decided to wait on any buy in here and watch the chart for a few days to see of the Stochs would turn around and confirm my buy-in decision (Before I bought something else, that is).
When do you use the 32dMA?
Just curious:
Why did you use the MA4 and MA9 instead of the MA5 and MA10?
Why the MA50 instead of the MA32?
I'm trying to learn how to set up charts also, just want to get any hints possible.
BTW - GREAT chart!!!
Omni and MartyMan,
Take a look at NTWK today.
I do not want to appear as pumping, but:
News out today, vol up, price up, crossed the 50dMA, and the 200dMA, MACD turned positive and Stochs are hovering around 80, OBV is nicely positive.
Sounds pretty good to me. What's your take? Did I miss anything that I should be looking at?
Now, the question is, how long do I hang on?
Take a look at NTWK today.
News out today, vol up, price up, crossed the 50dMA, heading for the 200dMA, MACD getting ready to turn positive and Stochs are hovering around 80, OBV is nicely positive.
Sounds pretty good to me.
BB, Check your PM's regarding NTWK
Thank you so much for the chart. It helps a lot!!!. I think I may finally get some of my long-awaited rewards.
Hope you might feel it worth getting some also, since you are helping me read this thing and it looks mighty good now. A lot different from a week ago, huh?
If you don't mind, I would like to keep picking your brain to finally decide how to get out of this puppy after 3 long, LONG years. I'm still WAY too much of a novice to trust my read on the movement, and I have no way of charting it as of yet.
Hey BB,
My stock, NTWK, has made a bit of a move this week. I was wondering what you or Marty might see in the charts for it now? The much anticipated news does not seem to be developing but something is causing some strength here. I think it has something to do with a PP 6 or so months ago and recently the shares have become available for trading. Any thoughts would be appreciated.
Hey Show,
Good luck on the board. I will be checking in every other day for ideas and info.; studying the charts and comments posted on this board. I am a novice, and at this point in time, I am merely gathering insight and giving it time to congeal in my brain before I jump in and lose any more money. I have been trading for 4 years now, and really need to bone up on the technical indicators and charting, so I greatly appreciate your time and efforts on this board.
Mostly, I follow BBs Penny Haven and Omnitrader's little seminars on the indicator of the week. I love looking at the charts produced by BB, Omni, MartyMan and now, you. I hope to learn a lot and start contributing my ideas within the next 6 to 9 months. My interests are stocks trading from $1.25 to $10.00, I'm still too scared to jump in on penny stocks.
OK, thanks for the clarification.
You are saying you think DNAP will get up to around 3.10 from trading now around $2. That would be a nice, solid 55% move! I'm considering taking a position if it goes back to 1.90, maybe I should go ahead and jump in here.
Thanks.
That sure is a pretty move!!! WOW!!!
How do you view archived private messages?
I know to click on archive, but I only see 50 messages, I'm trying to view one older than those.
Hey BB, Thanks for the invite. I'm here and watching, hoping to learn what I can to become profitable with trading.
Could someone put up the RBIO chart? Sounds pretty interesting.
Congrats on your board and have GREAT luck getting it rolling.
Every time I do it, my messages are GONE - nowhere to be found :^(.