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If you are telling me to look at the ADX, then it is very clear that you do not understand this indicator at all!
I would suggest you stop over at "lowtrade's" IHUB forum for a little education ...
Opp
MKA, MKA, come on now - YOU know these charts better than most. Why do you say "we could bounce to 0.005-0.0055 tomorrow"???
Almost EVERY major indicator on the chart is pointing lower: PPO, RSI, STO, and ADX which is a killer!
I still have 50% of my shares left - but I think I should have sold them all today - this chart looks REALLY bad IMHO, you've gotta admit that, don't you???
Thanks for your posts and insights
Opp
THAT gets a genuine "LOL", thanks jskibla!
Let's mark that post too ("never below 0.0041"). Since we're on a film kick today, we might as well add "Never Say Never", especially in the stock market
Glty
'Completely Stoned and Buzzed' Opp
Excellent - that was my 100k you bought at 0.0044. I have many more shares to sell if you want them
Thanks, that's what makes a market. I sincerely wish you success.
Opp
A lot of people like you are posting a lot of "LOL's" ...
IMHO, I don't see anything to be laughing about here unless you're short. Many of those LOL's are naive IMHO - technically, the ETIM chart is now in a world of hurt ...
JMHO
Opp
I waited too long - I have half my shares, 1.2 million for sale at 0.0045, if anyone wants them ...
We should be focussing on 'horror' films, looking at the tech indicators on the chart now. How about "Silence of the Lambs"?
If Clint's silence speaks for itself, as you say, what does this declining share price say?
Wrong - dump it all, and buy it back at 0.0030 or lower ...
GRIM!!! Clint is asleep at the wheel. All chart tech indicators now look terrible. Who said he "watches the share price"? He's letting the MMs and shorters get the best of him (and us) again ...
JMHO
Opp
Nice post funeralguy! IMHO, Opp (EOM)
Aaaahhh, qas, nice to see you here! There's that word again - "Flipper" Well, I'm sorry (to some people) to say that I'm a whisker away from having to flip some of my 2.3 million here, because the chart is telling me SOMETHING is gonna happen ASAP - and if I can sell a million now to buy back 1.5 million in a week or so, then I simply have to do it
Clint of course could change my mind by releasing a PR and getting that green line on the ADX to break above the red, and moving that ADX 14 black line above 15 to 20 or 30
GLTY
Opp
Agreed - but that doesn't preclude what I said about watching your share price chart and releasing strategic PR's from time to time
GLTY
Opp
Disagree, for reasons I've already posted. Life in penny-land is a battle with MMs, like it or not. If you don't admit it and fight back, then they win - it's that simple. Been there, done that, watched Management of the company I worked for sit quietly and use all those "long-term" cliches while our share price flushed down the toilet ...
Opp
Well, with respect Bee, you gotta keep your eye on the share price when you run one of these start-ups (I've been in one before), otherwise when you need capital you can't raise any and/or you get diluted into oblivion.
Secondly, appreciating share price indicates success and attract investors - the converse doesn't.
And thirdly, why let the MMs and short sellers 'steal' (naked-short) what you've worked so hard to build??? Especially if you can defend your share price (and screw these shorts) with a few strategic PRs from time to time???
People often quote that "we're in this to build a company", "we're in for the long term", etc, etc - but at the same time, so many of these start-ups have failed because their Management didn't keep their eyes on their share price, and naively let the MMs drive it into the dirt.
I don't wanna see ETIM's name on the last urn that they make
GLTY
Opp
ADX is at Rock Bottom! The chart says this is gonna break, but which way??? Hope it's "up" ...
... and hope that Clint knows how to read these chart indicators A strategic positive-news PR might just kick start a run upwards, before AFs come out. Otherwise, he speaks with his silence, and we head downwards in a hurry IMO ...
GLTA
Opp
Thanks Bee. There's no volume on this stock anymore - so I don't hang around the board much, no flipping now , I've just 'bought it and parked it'. Waiting for AFs like everyone else - until then, I'll just chill
It's only money folks - forget about it and go kiss your kids
GLTA
Opp
Hi Bee - I missed all the 'share counting' posts here, FWIW and in case anyone still cares, I have 2.2 million
GLTY
Opp
Hi guys - sorry I joined this conversation late ...
What's up with the selling at 0.055? Do you think that resistance will not break? You could be right (and if so, selling will have beeen a good move), but that close yesterday suggests to me that the 0.055 resistance could break soon, and if it does, we see 0.006, 0.0065, 0.007 ...???
JMHO
Opp
Anyone have L2 this AM? I'm shopping again
TIA
Opp
MKA: some people who don't understand charts - especially their value AND their limitations - are intimidated by them, and by those who discuss them ...
I enjoy your posts and chart commentary, thank you for it. Hope to see you back soon ...
GLTY
Opp
Hi Bee - been away on biz trips for awhile. Caught up on the CC info (thanks to all posters for that), but what's ETIM's PR famine recently? Is Clint gonna let the MMs drive the price down, or does he have some imminent PR's up his sleeve?
TIA
Opp
qas: why did you say this ...
AROON 8 Green line MUST stay above 70 tomorrow
Look back to Late Feb and March 9th - AROON 8 went way below 70, but no trend breakdown followed, the uptrend continued without problem ...
Opp
Hi qas - I guess I don't quite see this the same as you do, because the 'final candle' for today (or any day for that matter in a pink sheet stock such as this) is often completely determined by painters at the EOD ...
For example, the trades yesterday at 0.008 and 0.006 were mainly hoaxes , there was almost no volume at either price, so the final candle was MUCH longer at both ends than it should have been.
Similarly, today, we could trade no lower than 0.006 all day until 15:59:55, and then some MM can sneak in with a totally fake cross-the-floor trade at 0.0055 at the bell, resulting in a final (fake!) candle that will look technically disasterous - when it was really a solid support day for longs (50 or 60 million at 0.006 or higher!)
I need to see big volumes at both ends of the EOD candle, or else I don't take the shape of the candle too seriously - whethetr it's a doji, a MA-piercement, or otherwise
GLTY and thanks again
Opp
Thank you Ms Bee I'll try and buy 350k at 0.0056 ...
Anyone have L2 now? Has the bid dropped below 0.006?
TIA
Opp
Hi qas - technically (and IMO) there is no reason why this should break below its 20 day MA - the MMs have not driven the price below this MA since the run-up began, either because they don't want to, or perhaps because they can't ...
... if they want shares badly enough, they could take a shot at it and may even break thru momentarily - but for it to be a meaningful breakdown, it would need to stay there for awhile and then also close below the 20 day MA, and I just don't see why that would happen ...
They may get away with churning this at 0.006 (seems like that's their plan), but I can't see a break below the 20 day MA unless there is a PR with bad news (and why would there be?)
I flipped out mere 12% of my holdings yesterday at 0.007, mainly for fun - got a little back today at 0.006, but am not holding my breath for 0.005 or lower ...
Guess we'll see - just MHO
GLTY
Opp
It's a common trend to ask that question on these IHub boards I'm never sure what we can believe for sure, but many people are honest ...
I own 2,310,000 shares as of today (with 210,000 on the sell block right now at 0.0052)
GLTA
Opp
Agreed, can't flip ETIM easily at all, MMs have their own agenda with this one ...
Opp
Something's fishy with these MM's, as one of my experiments (I often try them at only $10/trade), I put 210k up for sale at 0.0052 this AM (with no AON restriction) - still haven't even had a partial fill as of 15:10 ...
Not sure what to make of that yet ...
Opp
shane67 - you gotta do better than that, at least tell us why Are you basing that prediction on chart TA, or what?
Opp
I'm not making an "observation", I am humbly making a prediction, there is a difference. Judging by your reply, I guess you are predicting it will stay in this trading range for several days without news? I predict it will fall without news, and soon, but that's only MHO ...
Opp
Yes qas, exactly right, we now need a big volume day with an upside breakout. Otherwise, share price could easily bleed downwards, and perhaps quicker than people think ...
... This is why yesterday's PR was a disappointment to me. The chart is telling me that 'something' is going to happen ASAP - either sharply upwards, or a break to the downside. Clint has it in his power to influence this event with a PR - but if he has nothing 'meaty' to say, then he HAS still indeed spoken (and the chart will respond accordingly) ...
Opp
Nice post al44, thanks
So my comment has a desirable effect after all - if I hadn't made the comment, Clint wouldn't have responded. You can thank me for my comment another time
I'll certainly give Clint credit for answering, that's a positive sign
So, should I ask him (via this board) when he will release audited financials?
GLTA
Opp
I found out yesterday dffhogs, much to my dismay, that the board has become strongly biased towards 'long cheerleaders', and that any opposing or even 'questioning' viewpoints are not really welcome. So be it, some of us will just lurk more than post ...
I own a few million of these shares long (would anyone seriously short ETIM other than a MM?) If (when?) something starts to smell, this doesn't look like a place where we can discuss it without upsetting several people ...
ETIM is still a pink sheet stock, so those who are euphoric about it right now have obviously not contemplated what so typically happens to the vast majority of stocks in pinky land. At a minimum, we need to keep our guard up with cautious optimism. At a maximum, we should be wary and distrustful A balance between these two is also good. Ultimately, it's about whether ETIM can and will make money in this business. The prospects look good, but it's a perilous journey to profitability
JMHO
Opp
Hi TFN - I got punished by the board here for calling it a "fluff PR", I even got some 'punishing' private messages sent to me (!) Oh well, it's a free coutry (thank God for that), it was JMHO. I see that you too had the same humble opinion
I 'm also glad the share price didn't get punished for that PR - that's a good sign, IMO ...
GLTY
Opp
Feeding us marshmallow PRs after we haven't eaten solid food for several days, and are starving for some meat (hard data), doesn't do the share price much good in the short term, IMHO. If Clint hasn't got anything better than that to say, I think he should just stay silent ...
Pink sheets are far too full of companies that release only fluff PRs. IMHO, we'll close below 0.005 today because of this ...
Opp
Is that based on fact or 'hope'?
I still would like to know what's up with the PR silence, if anyone knows thru discussion with Management ...
Opp