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thanks Sonic for the tip . I got thrown off his site months ago for stating that the NNRI breaking 4.80 was negative. I was thrown off immediately.I could have used my wife's IP to get back onto the site, but since richard finally admitted that he was a consultant (50k shares received for some very small price)for NNRI, I could not know which shares that he recommended were real TA picks and which ones he was getting paid to promote, if he was getting paid. Therefore I felt it better for me to not use his site.
Of course I am in the minority as he is the most read site on
stock charts public chart.
Way back when his Stock chart site started it was excellent, and then he took to "promoting" these cheap OTC/pinkie/BB stocksthat have not done very well in general.
I know a lot of people that promote this types are looking to get the one home run out of many chances.
lol I donated a cavier and vodka lunch.
Allen I am surprised in your apparent negative feelings about NNRI's business accumen. Heck was it not you who last summer called NNRI a future Wall street darling????? Have you changed your opinion since the summer??? What have you got against the business practices of NNRI???
Sorry about the double post, I screwed up my edit.
Thanks
John
Allen I am surprised in your apparent negative feelings about NNRI's business accumen. Heck was it not you who last summer called NNRI and future Wall street darling????? Have you changed your opinion since the summer??? What have you got against the business practices of NNRI???
Thanks
John
you are very welcome
Blacksteer I honestly do not know anything about NNRI. I have no clue about Nuculear things (I am as dumb as a board).
I only go by charts and the reason I dumped was the breach of 1.80. It seems a lot of other people did also as you can see with the volume. Since last Friday I can see some at least temporary positive moves and hopefully for all a bottom has been hit.
Please believe me i am not a basher or shorter or anything like that. I have kept one hundred shares to remind me of what a Bozo I was/am to go away from my game plan , which is playing the charts. My NNRI purchase was not a chart play.
My only purpose of posting is to try to put a neutral perspective on this stock. If any "investor" believes this is a long term play and they have their fundemental ideas that is fine with me, I do not have an opinion one way or the other.
But to have somebody say that fundementally that this is a great stock and to use charts when it suits them, is just plain wrong. You can not do both. Stating things like people are fools to sell is also not right.
Hope this makes sense
John
Hi Blacksteer. The key thresholds at this time is to break 1.70 and to hold 1.55. Great buying action in the first hour and frankly not much since then. With about one and one half hour to go in the trading day the stock is trading about average volume. I will state that once the stock gets down under 1.60 there is some buying volume. All in all it was due for a bounce and I hope for all of you longs that it continues onward.
Where I will start to believe that it is starting to move back up if it can clear 1.80 with about 500k or more shares traded for the day. This would be a very positive technical point.
In regards to the news release it was strickly damage control . The stock lost about thirty percent of its value last week and something had to be done.
Please remember I am just stating what the charts say and this could be a dead cat bounce. Let us see how long this strength holds. Good news is thatit is up. Bad news is that the volume is not really that great and this could be a move up on news.
Best of Luck toall.
John
loodnar well put I agree one hundred percent. (I wish I could post as well as you do. <bg>)
Scorry let me make this very clear once again. Nobody is blaming the market dynamics on ST, what is being posted is all of ST's advice of buying because the stock is way oversold.
As mentioned many times, technically this stock is broke. It broke down at the 4.80 went into a consolidation pattern and broke down under 1.80 again.
Any elementary TA person will tell you this. for ST to speak of NNRI in a positive manner using the charts is just plain wrong.
If ST states that this is a long term hold blah blah blah, then do not use charts when it is conveniant to do so.
Scorry how many times in the last two or three months has ST stated that it was only a matter of time before this POS moves up.
I personally find ST to be ingenious (IMHO).
In plain TA talk this stock is broke and I personally could not see anything positive about it until it hits over 1.80 with volume.
ST please stop spinning. You have been saying that NNRI "is going to move" for months and months. This stock chart sucks. I am sure one day it will move up and you will say "I told you". You have been wrong so many times.
As mentioned your TA is excellent , and some of the stocks in your post are your TA reads.... but your"special" stocks have stunk the place out.. Do yourself a favor and stick to what you are good at.
Your constant cheerleading of NNRI is down right laughable.
Black steer I respect your opinion , but would you not agree that NNRI is "obeying" all of general techincal analysis rules??
I do disagree with you High volume buys and low volume sells, up until yesterday I have watched the trades and will state that it is high SELLING and low buying volumes.
John
Black Steer not withstanding the "true" value of this stock the fact is that it has been selling off for a long period of time. Up until yesterday I have always noticed that the up volume was very low and the down volume was higher.
I have no idea is your assumptions are correct or not, but what I do know is that this stock is going down down down. LOwer lows and lower highs.
If it is such a good buy why are the smart investors not putting their money down.
I personally go by what the chart says, but I wish you luck.
JOhn
http://stocktiger.com/ or try his update for the day
http://tinyurl.com/yvd46z
Hedgy I just heard ST's market update. when he gets to NNRI he mentions the conference and things as such, then he says it is selling off, he is going to mention that it is low volume and then with his nervous laugh he looks at the volume board and see's it is relatively high volume, he laughs again and mentions that people are foolish or silly (or something like that) to sell.
I recall once it was selling off about a month or two ago and ST says that it is the small investor selling shares one hundred at a time. Mean while I am watching every trade and seeing it waslarger blocks.
My only purpose is ... if this is a long term hold....great then hang on.... but if you are using technical analysis then please be truthful in ones' assement.
John
I am only saying what the chart says. even today ST is stating that people are foolish to sell,(how long hashe been saying this.) Blacksteer I am not asking you to listen to me, I honestly do not care, there is no joy for me to say "I told you so".
Naked shorts, inside selling, uplisting, blah blah blah, tell me something that NNRI said they were going to do has come to fruiation.
I did not read any of ST's chart spinning on this stock, but if you look at my post #3022 I clearly stated that after the big move to around the $10 mark, then the stock consoliated for a period of time as a Descending triangle. At this point any basic chartist will tell you that the LIKELY direction of the next move is to break the descending line ($1.80). This IS A BASIC as stating that one and one is two.
The stock obviously broke through the 1.80 range with volume . As we can all see the stock is still moving down and already has almost 120k volume (half of daily average) in the first 90 minutes of trading. This looks ugly.
Listen I bought at 3.04 and sold at 1.69-1.70 (except for 100) and you would think I would know better. I admit I was a bozo. the intention of my post is not to gloat or anything like that... nor do I short two dollar stocks, besides IB will not let me short this stock. MY ONLY motivation is add another voice . If you look at all my post on this board you will notice that the chart did not lie.
IN technical analysis news trumps charts and Ihope for all you longs that this turns around. If you believe the fundamentals of this company than hang in there. But please do not average down or anything like this at this time. If this stock could break $1.80 with volume I might look again (volume over one half million shares in a day).
John
Last trade 1.47. Can it hold 1.42????
Lemy I am not a member of investors hub so can not PM, but thanks.
Lemy no question he(ST) should stick to breakouts. Do you believe he sent me a group e-mail pumping so other piece of crap on the Bullentin Boards. Oh let me go buy some of that . <BG>
John
Hi Gibson. I thought you did well trading this one???? I do not think ST is a fraud, but he certainly is a pumper. I say pumper because he keeps a "glowing"feeling to any of his "special stocks". If they go down then it is a positive bottom. If they go up he tells you I told you so.
If you post the truth on his site he will ban you if you go against his "picks".
I have a lot of respect for chartist, I note that Matthew Frailey has posted here a few times and from his few postings you willnote that he is impartial. ST is not for his "Specials"
What amazes me is that he (ST) is the most read public chart on STOck charts.
Good :uck
John
I use the Stockcharts scans . I use scans for long, short, momo, and cheapies. Stockcharts allows one to develope or use their own formuli.
I run scans after the market closes and look for my best charts. I check for resistance and support and volume.
IE today I bought CBK near the close. Seems to have broken out of a triangle with some nice volume.
Gibber I am a swing trader. I trade only by charts (well except nnri <bg>)
I usually am not in positions for a long time.
Gibber I can only wish you and others the best of luck. At least the stock bounce off the low and some buyers came in after 2:30
Gibber you are always going to have people that want to cash out restricted shares etc. I have no problem with that . Remember there is a reason that this stock is on the pinkies. As for all of us you have to know that you are dealing with a hot potatoe with any pink sheet. You put your money down and you take your chances.
As I chartist I knew that somebody was selling off and have mentioned it many times. Anytime this stock had any strength it would sell off with much more volume.
again the chart looks terrible and it has $.95 cents written all over it. Some people will post that I am short or what do I care since I have sold off, but that is the nature of these kind of boards. If you notice all of my post you will see that unfortunatley am correct in my assesment. With that being said how much of a Bozo was/am I to have bought this.
John
Gibber why would the lawyers have a field day??? ST does not have to disclose anything.
As mentioned many times I think ST is an excellent chartist, and I always had the feelilng that he does believe in NNRI. I just felt that it was disingenious to call this a long term hold and yet bring something up about NNRI's chart when something positive happen, and vice a verso when something negative happened to the chart he would go back to the long term hold story.
When ST started his public site on stockcharts over a year ago I privately queried with somebody on what did ST have up his sleeve. I thought he was going to convert into a pay site but it sure seems obvious what his long term plan was.
I got banned because I commented when the stock broke 4.80 that it was very negative. I will never forget it as it was a friday. I was posting about the chart and at that time the 4.80 was major support. Since it broke below it that obviously was very bearish to any chartist, as I recall ST said I was being negative.
I responded to him as a chartist did he not think that the stock was going to drop. He really did not answer my query.
I then replied again that due to his "avoidance" of the chart action was he a pumper. At that time he did not disclose that he had "held" shares. Unfortunatley I was correct in all counts.
JOhn
Since I am banned from ST's message board, I am curious to hear what ST thinks of the recent chart action. Anybody know??
Gibber how can you believe these two. Has ANythING they ever said come true....name just one.
one hundred. I was going to keep two hundred as I had 700 shares left trying to sell at 1.70 on Wednesday afternoon. At the close one hundred shares got sold at 1.70. with the remaining 600 shares I sold 500 , Thursday morning at 1.69.
I am going to hopefully try and post a chart of this stock. Please note that this stock took the big fall in early summer and has been consolidating in a descending triangle since mid july. Note how in the last week that it broke down through the descending pattern with good volume. It has tried to retest the break.
As mentioned chart wise , this stock looks extremely bearish.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1871846,1&cmd=show[s116345422]&disp=G
"looks like link will not work but if you copy the above in your browser it should work"
JOhn
Gibber I can not tell you how displeased I am with myself.
Pretty impressive so far for a young company.
ST unfortunately the investor community appears not to agree with you. I think you will agree that breaking through $1.80 range looks extremely poor for longs.
John
Never felt so good after a loss. I sold at a loss and kept 100 shares so that I never forget how stupid and undisciplined I was. You know I have even traded better this week not having to watch and HOPE for something to happen. Any trader will tell you if you are hoping , you are in trouble. Good LUck to you all.
Solar of course you are correct. I have kept 200 shares of this stock to always remind me what a Bozo I was.
I hope it flys for all of you holders, but I sure feel better tonigh having sold.
I did not really care about the story. I foolishly thought that they would have promoted this stock up into the five dollar range or more. I absolutley "self denied" the ugly ugly chart. Never mind playing pink sheets, but to let my emotions govern my stock trading ... is just plain disgusting.
No question STock tiger will state something to the fact the it is over sold etc etc etc, but the truth is that this stock chart looks horrid. I might "play this at the ninety five cent range as the chart states that this might be strong support.
coops agree one hundred percent. I was just putting up my Christmas lights and am already feeling fifty percent better getting rid of half of these.
I do not mind losing but I am so disappointment in my lack of discipline. Honestly I do not play OTC/BB or anything like it.
All best
unfortunately I think it is going to $.97. I just sold half of my postion. Looks good on me for playing Pinkies. I know better and am very very angry with myself. Greed Greed Greed.
I know Iceman has a lot of credibilaty here. LOL
next stop 1.50
battle is on now. Huge volume in the first hour. It is quite a battle to see if it can hold the bottom. Either it is going to be a high volume reversal, or a high volume sell off. We will find out by the end of today.