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Hey guys. Don't have much time! I have been really busy and no time to watch and post. As a matter of fact, my subscription ran out. Have to fix it some other time, but i have added another 1.5 mil. Photog, put me down for 3mil now.
OWVI seems to be setting up nicely. I like what Alamo has said about updating sooner than June of 2010. I think that this will show other investors that Steve is doing what its going to take to make this thing go.
I know a lot of investors that will not invest in anything that is still a pink. Maybe this will draw more attention that we have yet to have. GO OWVI!!!
The one thing that we do know is that their soon is not soon enough for us. "Santa needs money!"
I think Suddengold can answer this a little better than I can. If I am correct, SG contacted MVBY and the Q3 should be coming out soon.
Sounds like you waited too long. Two months ago, this was on the bottom and very few people (that I know of) were getting fills at .0006. I got one fill at .0006 for 75,000 shares back in early October. If you get an .0007 fill now before Q3 comes out, you'll be lucky. Some sells going through here and there at .0007 but not many. JMO.
Interesting. I was not aware of anything like that. But there could be no rule with me buying 20M here and there and gaining more than 100M? Or is there? Not that I have the funds to do so, but....
That makes two of us. I'm just about all in on this one. I should be able to add some more soon.
I wish that I knew. This has happened several times this week!
100M buy would not be filled all at once. Yes it would raise the pps. But you would get fills all the way up as long as it did not exceed .0035.
Just remember, when you get your fill (buying the MMs shares causing them to be low), they have a way of lowering the price again to stock back up.
IMO, it would signal a reversal; not a morning star, but a reversal. Today's doji would have been black instead of red showing that the bulls have a little more control than the bears. Today's (doji) would have had less of a tail than yesterday's. I would rather have a doji with a tail than a gravestone though. Gravestones tend you be tainted with bearish signals.
But, we didn't close with a doji. We got a candle though not a very large one. Really would have liked to see this a little larger.
A red day here messes the candles up. A doji day is okay; still undecision. A green day confirms the turn around.
It is my understanding that we cannot ping it up that far. The MM would have to move the ask up in order for it to go through. Pennies are limit buys. If you ask for 5,000 shares at .0027 that means that you want 5,000 share but not to exceed the .0027 price. It will be filled at whatever the ask is at the current time (.0026).
Pinging up simply is hitting the ask again with a low amount. Someone pings this down with a 5,000 sell at .0025. You, or I, ping it back up with a 5,000 buy at .0026. There is no way that we can get it higher by asking more for it. Otherwise, lets ping this up to .0035 or higher and make some serious green candles.
Closing anywhere in the green confirms the reversal. But the higher it closes signifies the strengths that we have. If we close at .0026, it really does not show us having much control. That is only one step from being a doji; meaning undecision. Good strength: .0027 Strong strength: .0028
We'll see.
Financials! Now that is key!!! I think that the financials will be bigger news than the bank news. JMO, but I really do. Think about it! We have had good news. Even wonderful news! News that should have propelled us big time. Even the higher ups have said the same thing. This is not just you and I and some Johnny come lately talking out our butts.
Snow is connected to some bigger people with contacts. How many times has his contacts said, "This is the last time we see .002s!"? Why do we have TX Chris at 40+M and others holding 20M and 10+M???? Because we all know that this is way undervalued! The news we have should have this thing in pennyland NOW! Not when bank news comes out. NOW!!! Bank news should be putting this thing to .02+!!!
With that said, I see bank news vaulting us up some but it will be the financials that cause MORE of the big dogs to take notice and come hold with us. Slowly we are eating up the shares and sooner or later it will have to go up. Give us the bank news, but I am really looking for the financials!
Photog, how much do we currently hold now? Let us know what you can and we can put the rest together.
Today is only day 2 of a reversal pattern, BUT, this sets up a morning star pattern which is a very high probability pattern. Yesterday's high of the day was .0027. We need a .0028 close to get a good morning star pattern.
I don't think that today's candlestick opening inside of yesterday's doji really matters. The main thing, to confirm a morning star pattern, is that today's candle closes higher than it opened. We need green today to prove the reverse trend. Not only do we need green, but it would be very helpful if we could see good green: like .0028 green. Closing at least halfway up on Wednesday's red candle.
Yes, it would be nice to see today's open gap up giving a clear morning star, but not totally necessary. Still lots of trading left today.
Here it is in a nutshell...
The stock was on a downtrend. Wednesday's close showed us that the bears were still in control. Thursdays doji tells us that the bears were able to take it down some, but the bulls pulled it back up. The bulls pushed it up some, but the bears pulled it back down. Therefore, the bears have lost the control, but the bulls may (or may not) have control. The third day is always key in a pattern like this.
What we want today is for the candlestick to close as high as possible (of course, duh). But in order for this to be a strong signal, it needs to close at least thru the halfway point of Wednesday's candle. This will show that the bulls are gaining strong control.
To answer your question, we still need to close higher than the .0027 to show we have the momo on our side. A close of .0028 would be good.
Is this an opinion or something you read somewhere? Just wondering...
I've pinged this, as well as others up before a couple of different times just trying to protect my investments.
Check out post 11504.
I have fallen into the same trap that you did. I have been anticipating the bank news and ignoring the down slide of the indicators. If I would have paid attention, I could have added 200,000 more shares on this little dip. 200,000 shares is going to equal a lot of $$$$ one of these days when this does go!
In all honesty, I really am glad that the bank news was not released with the indicators high. I think that would have hurt us by not allowing us to get the most out of it. Now, it is setting up nicely. Monday or Tuesday news would be good with me.
We really were not (too) overbought last week. What we saw last week was a total week sell off due to the fact that the week before (the week of the 23rd), the CCI was up to over 300! That started the sell off, but even the start of last week (the 30th)was still almost 200. Last week closed with the CCI at the 100 mark. 100 is the magical number of a stock being overbought. Therefore, IMO, we continue to see the downtrend and the CCI now sits at -63. At -100, it then becomes undersold.
The RSI works the same way with a slightly different formula, but stating the same thing. According to the RSI (14), this stock was never overbought. But that is why I would rather watch the CCI (20). I am liking the positions of the indicators right now gearing up for the next run. They will be more supportive of a longer / higher run. But, this is all my opinion.
I use the RSI 14 (normally), CCI (20). I haven't used / depended on the trix, but I will look into that as well.
A Morning Star Candle Pattern would be good and it is very possible. I have been looking at some other indicators and they all are setting up nicely.
The RSI is currently sitting at 43.48. 30 means it is undersold.
The CCI is sitting at -63.64. -100 is undersold.
According to the Bollinger Bands, the stock is trading closer to the bottom band signaling closer to being undersold as well.
Now, as of right now, the RSI is showing signs of turning, but the CCI is still pointing down. We could still see more sells than buys tomorrow.
BUT,
Here is what intrigues me:
On our run to .0058, the RSI was a little lower and the CCI was a little higher. If we would have had a run last week, we would have been overbought and then a sell off would be happening. I don't know if the run would have been as significant. As of right now, (especially after tomorrow), the indicators should be ready to support a nice run.
i got 20.125 (not on my first try though)
Hey Alamo and everyone else,
Remember when we were down in the low .002s? This same type of manipulation happened every day for a while and then BOOOOOMMMMM!!!!!!! We shot up quick. I see the same thing building right now. Could very well be this week that it goes boom again.
I agree! I'm here long and have a statagy that will pay for my shares (while adding more as we go up). But I'm here for the long haul. We can discuss this at the crawfish boil next Christmas!
I dont see .0033 being a bad thing. Of course, no one wants to see it go red, but we have had DAYS of green or no change. It was due to happen sometime or another. Just means that the real run is going to last longer and go higher. CCI indicator is down below 100 for the first time in a while. Not a bad sign leading up to the run.
You and me both! I'm debating taking a loss on a couple of others and recouping my loss right here with OWVI. It would go against my investing rules (too many eggs in one basket) but would be worth it in a couple of weeks with no problems. all imo
Keep it up Alamo! We are in here with you! I've got more guys coming looking to invest in OWVI. They have stable hands and stable money.
Don't wait on me! I'm here with you. Let's clean out a few more of these grunts.
Today's news was not for the flippers. They scrounge around hoping for something a little more than crumbs to be dropped. When they see that nothing is falling (the news isn't great) then they jump off allowing their shares to get into safer hands.
Today's news was for the long term holders. It was for us, letting us know that $$$ is being made. These numbers will be reflected on earnings sheets later on.
"Grunt hard OWVI and poop out the rest of these flippers."
I think that .0035 was a good support level, but true support level is listed at .0032
http://quote.barchart.com/texpert.asp?sym=owvi&code=BSTK
What's up with all these doubles????
Buy: 143,540 143,540
Sell 143,540 143,540
Sell: 131,450 131,450
Buy: 131,450 131,450
Buy 131,310 131,310
Sell: 199,900 199,900
Buy: 1,140,000 1,140,000
Sell: 1,000 1,000
Sell: 1,000,000 1,000,000
Buy: 299,800 299,800
Buy: 60,000 60,000
Buy: 100,00
Buy: 500,000
Sell: 300,000 300,000
Sell: 80,000 80,000
Buy: 200,000 200,000
Sell: 110,000 110,000
Sell: 319,500 319,500
Sell: 100,000 100,000
Buy: 720,200 720,200
Buy: 777,700 777,700
Its all good! Red beans and rice, cornbread, greens, blackeyed peas, boiled crawfish with corn and potatoes mixed in, and don't forget the fried chicken! We'll eat and talk about the old days when OWVI was down below a penny and all the people were soooo nervous and selling at .0022 and .0035 ect...
Dat der is pretty funny! It'd be worth holding owvi just to have the crawfish boil, with some potatoes and corn.
Texan here! Go OWVI!!
A lil partial to the Aggies though! But if the Aggies can't be there, put those sawn off horns back on and hook em Horns!
I have been searching (but not too hard) on why was owvi up to .07 in June? Anyone know?
You have to wait for a couple of minutes to let it load. Does it everytime.
Don't the mms know not to rain on a cajuns crawfish boil???? Thats some serious stuff now!