looooooong gone !!!!!!!!
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FWIW-chart-looks unhealthy..................................
Watch for the close today.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p02068955232&a=228499894
C'mon-you don't know how to copy and paste?
If you have this info re IMGG, then please share it.
That's what a message board is for !!!!
Make a commitment here, at least
Publish it here please. Otherwise it is useless "gossip"
Chart update-despite the naysayers re tech analysis.......
I have done quite well using it over the last ten years. So, if you want to dump on it, go ahead.
Won't matter to me. If, on the other hand, you can use this info, go ahead - it's why I post it.
Looks like a retest of the b/o is in order, as I mentioned before.
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=4&dy=0&id=p40373366923&a=230310732
IMGG is a penny stock...................................
I hope this won't be considered off topic, as it pertains DIRECTLY to the penny stock IMGG.
You will note many "warnings" here, and hopefully take your experience with IMGG with you if, and when, you consider another penny stock.
********************************************************
A Fortune for a Penny?
What makes penny stocks risky? Four major factors make these securities riskier than blue chip stocks.
1. Lack of Information Available to the Public
The key to any successful investment strategy is acquiring enough tangible information to make informed decisions. For micro cap stocks, information is much more difficult to find. Companies listed on the pink sheets are not required to file with the Securities and Exchange Commission (SEC) and are thus not as publicly scrutinized or regulated as the stocks represented on the New York Stock Exchange and the Nasdaq; furthermore, much of the information available about micro cap stocks is typically not from credible sources.
2. No Minimum Standards
Stocks on the OTCBB and pink sheets do not have to fulfill minimum standard requirements to remain on the exchange. Sometimes, this is why the stock is on one of these exchanges. Once a company can no longer maintain its position on one of the major exchanges, the company moves to one of these smaller exchanges. While the OTCBB does require companies to file timely documents with the SEC, the pink sheets have no such requirement. Minimum standards act as a safety cushion for some investors and as a benchmark for some companies.
3. Lack of History
Many of the companies considered to be micro cap stocks are either newly formed or approaching bankruptcy. These companies will generally have poor track records or none at all. As you can imagine, this lack of historical information makes it difficult to determine a stock's potential.
4. Liquidity
When stocks don't have much liquidity, two problems arise: first, there is the possibility that you won't be able to sell the stock. If there is a low level of liquidity, it may be hard to find a buyer for a particular stock, and you may be required to lower your price until it is considered attractive to another buyer. Second, low liquidity levels provide opportunities for some traders to manipulate stock prices, which is done in many different ways - the easiest is to buy large amounts of stock, hype it up and then sell it after other investors find it attractive (also known as pump and dump).
The Penny Stock Fallacy
Two common fallacies pertaining to penny stocks are that many of today's stocks were once penny stocks and that there is a positive correlation between the number of stocks a person owns and his or her returns.
Investors who have fallen into the trap of the first fallacy believe Wal-Mart, Microsoft and many other large companies were once penny stocks that have appreciated to high dollar values. Many investors make this mistake because they are looking at the "adjusted stock price", which takes into account all stock splits. By taking a look at both Microsoft and Wal-Mart, you can see that the respective prices on their first days of trading were $21 and $16.50, even though the prices adjusted for splits was about 8 cents and 1 cent, respectively. Rather than starting at a low market price, these companies actually started pretty high, continually rising until they needed to be split.
The second reason that many investors may be attracted to penny stocks is the notion that there is more room for appreciation and more opportunity to own more stock. If a stock is at 10 cents and rises by five cents, you will have made a 50% return. This, together with the with the fact that a $1,000 investment can buy 10,000 shares, convinces investors that micro cap stock are a rapid, surefire way to increase profits. Unfortunately, people tend to see only the upside of penny stocks, while forgetting about the downside. A 10 cent stock can just as easily go down by 5 cents and lose half its value. Most often, these stocks do not succeed, and there is a high probability that you will lose your entire investment.
Conclusion
Sure, some companies on the OTCBB and pink sheets might be good quality, and many OTCBB companies are working extremely hard to make their way up to the more reputable Nasdaq and NYSE. However, the flip-side is that there are many good opportunities in stocks that aren't trading for pennies.
Penny stocks aren't a lost cause, but they are very high-risk investments that aren't suitable for all investors. If you can't resist the lure of micro caps, make sure you do extensive research and understand what you are getting into.
iandy-American Bulls is a very unreliable site for charting.
They are a day late and a dollar short.
I have been charting for 10 years, and have found their material to be absolutely incorrect many times.
This is one of them, as that pattern is NOT a Bullish Kicking pattern.
Technicals look quite strong, but not because of a ficticious Bullish Kicking pattern
On which (period) chart do you see the BK pattern?
Not on the daily
Thanks
Chart improving nicely...................................
The momentum indicators are all attempting to turn up, or have turned up. May have to wait a day or two to see for sure. Another day like today should do it though
Nice breakout from the triangle - may come back to retest the b/o. I'll be watch for it, as that is a good thing if it bounces up off the red line.
All in all, a nice technical picture
Chart:
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=4&dy=0&id=p81823203075&a=230310732
Darned if I know !!!!!.........................
Just giving the technical slant here.
Ya'll will have to make up your minds what you want to do with all the info out there.
I have no skin in the game at this point. I am offering my tech analysis as a tool for whoever wants to use it for whatever. I feel a "kinship" with this board, since I am the "elder" here.
Just really want everyone to win, in whatever fashion that takes for each of you.
TA take.............
I am not addressing the fundamentals here, but from the TA standpoint, things are really looking up.
Closing above .11 by .005 may not seem like a big deal, but from the TA aspect it is.
This seems to be turning around from the technical viewpoint.
I'll let all the "learned" posters here, who seem to have inside knowledge of the workings of Dean Janes' mind, comment on the lack of character of the CEO of a company they once invested in.
I couldn't care less, as it is all conjecture and mean spirited, IMO.
But, I digress.
The momo ind are really positive now.
I am looking to .14 for the next challenge of a resistance, and see no reason why we shouldn't witness that challenge. How it will resolve -- I haven't the slightest idea -- but isn't this exciting ?
C'mon, even you naysayers have to admit that you are wondering why the PPS is climbing like it is.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p95165701140&a=228499894
G-dog-Let me explain..........
A poster asked for the next support levels. I gave him what I saw as SUPPORT levels.
That DOESN'T mean the pps WILL GO to those supports, just that if the pps goes down, you look for those support levels to hold the support, or break down......if it breaks, then you look for the next support etc etc
Sorry if I wasn't clear about that, but I can't impart 10 years of studying TA on a message board. Hope you understand.
SMF-thank you. That was a rational, grounded explanation of a good possibility.
Nice to see that kind of a post once in a while !!!
With all the negative posts here, can someone explain to me why we have a trend reversal (from down to up) with some significant gains in the PPS, and several resistances being broken in the past few days on decent volume.
A FACT that doesn't go with all the THEORIES being pronounced here
From Robert's Rules of Order............in answer to a poster's question re voting
My first question has to do with counting abstentions when determining whether or not a majority (in this case, 2/3 majority) vote has been attained.
There is no such thing as a 2/3 majority. The correct language is a 2/3 vote. Majority in law and parliamentary procedure always means "more than half." Abstentions are never counted, although in some cases the failure of a motion to receive a certain vote (e.g., 2/3 of the members present) an abstention has the effect of a negative vote.
I know that abstentions are not usually counted when determining what constitutes a majority. However, our constitution says that to overturn certain decisions requires a "two-thirds vote of the members present and voting."
"Two-thirds vote of the members present and voting" has a clear meaning: If there are thirty members voting and the vote is 4-2 (with everyone else abstaining), then the motion passes. "Two-thirds vote of the members present" would require 20 affirmative votes for the motion to pass.
Would that imply that abstentions would count in this case, so that abstaining was essentially the same as voting no (since the majority must be calculated based on all the members who are voting, not subtracting those who abstain)?
As above, in the first case no, but yes in the second.
Or does abstaining mean that you are not a "member present and voting?"
It means you are a member present but not voting. Abstentions are never counted.
Chart-what a difference a week makes!!!
The momo ind are all strengthening quite nicely
Today, the .096 resist and the 10 dma were broken convincingly
.11, the next resist isn't all that strong BUT the next resist at .14 will probably be quite tough to break - remember how long it acted as support?
Ditto for .15
Nice volume also
I hope this is the changing of the tide for you faithful ones
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p62690895734&a=228499894
It56--Different strokes for different folks.
Hopefully we all find what works for us . Doesn't exclude other approaches by any means.
I am 68 years young and have been investing since 1970, so I have a little bit of experience too.
Charting works for me -- doesn't work for you...... no big deal.
It56 ----Not wrong
A support doesn't mean the PPS WILL get that low - only that if it does go down to that area that it should be supported there from going lower.
If it bounces off support - great.
If it breaks that support, look lower for the next support etc etc
I understand that. And if legal action results in jailtime for DJ ( and others? ) well and good.
But that is a subject to be taken up in a court of law - not a "kangaroo court"
Hasn't the topic been posted about ad nauseum here ?
Time to move on with our lives !!
lllverson- I just finished this chart and came back to post it, and saw your post.
I agree 100% with your analysis - hope you are right about the turnaround by week's end
Chart:
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=4&dy=0&id=p01482157178&a=230310732
11 months?-2 years? - why quibble over details?
It doesn't matter because DJ is a bottom sucking , low life , carnival barker etc. etc. etc.
and I am a victim!
I had no control over what I did with my shares.
Dean Janes should go to jail for WHAT HE DID TO ME !!!
Don't you get it ? -- I am not responsible for my buying and selling of my shares in IMGG.
Dean Janes is responsible for what I did !!
I believed that I would become a millionaire by buying into this penny stock.
It's all Dean Janes' fault that I lost money here.
He should go to jail for what he did to me !!!
We should all file a class action suit against that no good, con man , Dean Janes.
Sign me up as I have only made six figures profit from this stock. I expected to make 7 figures. What a ripoff Dean Janes has perpetrated against the innocent stockholders of this penny stock.
lllverson-I wish that I had charted the weekly before I bought today- my bad !!!
I see lots of warning ( overbought condition) that it just might "get ugly",
but hopefully not too ugly
If a pullback comes, the 7.32 hopefully will hold it's support
http://stockcharts.com/h-sc/ui?s=ARIA&p=W&yr=1&mn=3&dy=0&id=p61454942502&a=231421968&listNum=4
Hello everyone,
New poster here, but not new to investing.
I am mainly a "trade by the charts" type. After doing my DD and deciding on the value of the company and the fundamentals, it's mostly tech after that.
I just bought my first shares today, after watching for awhile. I want to read more of the postings here, but see that there are a few other charting folks here.
I was told the board is NOT like a Yahoo board - thank you for that !!!
Here's my daily chart with notations.
Looks like the STO and MACD want to turn up. My usual MO is to wait for a definite
crossing of the signal line, but I decided to get in today anyway.
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=4&dy=0&id=p24292941286&a=230310732
Chart .......................................
Support is .07
Resist is .096
Momo ind strengthening
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p67378701607&a=228499894
.04 then .029 then IMGGeddon
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=2&mn=9&dy=0&id=p62667804998&a=228108388
When ( that's not IF, but when) .08 fails .......................
which will probably happen today, it will be a rapid ( hang onto your hats) drop to .03,
where it may eventually stop and bounce.
BEWARE of the dead cat bounce as some will see it as the last opportunity to get out before
IMGGageddon
Get your trading plan in place .
Of course, I'm assuming there is somebody out there who wants to trade this .
A fond farewell............................
There is no way this stock will pull the "Phoenix" trick and arise from its ashes.
It's done, finished, kaput !!
I will probably not be posting here much, as there is nothing more to say other than
I did my best to inform those here of what I saw on the charts.
For those who made smart comments re the value of technical analysis - hope you had a good laugh, but I had the last laugh, as I made a handsome profit trading by the charts. Hope you all did as well.
I wish to acknowledge all the SERIOUS posters here , who, over the years have added to my store of knowledge re IMGG. There are many, and many have since departed - I can't say I blame them.
So, in parting, let me wish you all well. I hope , no matter how expensive the lesson was, that you learned about the dangers of investing in speculative stocks. Take that lesson with you in future endeavors.
"A failure is a man who has blundered, but is not able to cash in on the experience." --
Elbert Hubbard
Re Dean Janes "body language"
I'm not saying DJ is lying or not on the MTV spot.
But to learn more about eye position and truth / lying
"google" Neurolinguistics
P4P-And what are YOUR conclusions from watching the interview?
The MTV presentation has done nothing to alter my perception of what is
affecting the pps here.
This is a dead end stock at this point. All the TV , Facebook - whatever - proclamations, will
do nothing to alter the FACT that the pps is failing miserably to hold its support levels.
1.7 mil shares ( a HUGE volume for this penny stock) and it has challenged the .096 support at
least 5 times today.
I expect it to fail by the close.
How does any (PAID FOR) MTV interview change what is plain to see?
The stockholders are now in "salvage mode" - that is, get out now with the least damage to
their financial well being. I don't see this exodus stopping unless some REALLY GREAT news is released.
The technicals are pointing to a "look out below"
Just calling 'em like I see 'em
1.1 mil shares so far....................................
and .096 support from yesterday has been broken, intraday. Intraday readings are a bit fuzzy, but I see no reason why this will recover any time soon.
IMO, .08 is a given at this point
Daily chart modification................................
There is now a support at .096 established yesterday
STO looks like it wants to curl up ??????
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p19295255796&a=228499894
The technical take..............................
Since it is obvious we are still month's away from submittal, nothing has changed.
Will there be an uptick this AM ? Possibly, but that will be short lived.
The basic structure of resistances and supports is still in place.
The pps will continue downward until it doesn't ---:0))
That's the best I can do at this point.
The way I would trade this ( and this is not to say I will trade it) would be to wait until the price bounces up from where ever, wait to be sure it's not a dead cat bounce, and then scale in as the pps rises...........averaging UP not DOWN !!
Some REAL news from the company might account for the bounce - doesn't matter WHY for the technicals.
May miss the low, but a few pennies down the road won't make a difference
The chart is still very negative at this point
Watch the .08 for support ( and possible reversal of downtrend)
Daily chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p33048897985&a=228499894
The weekly chart actually looks a bit stronger than the daily, but still weak. The MAJOR MAJOR resist above will be .14 - .15 ( remember those strong supports that held for so long ?)
Weekly chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=2&mn=9&dy=0&id=p62667804998&a=228108388
Can't say this hasn't been an interesting stock !!!!!!!
I try to remain neutral and non emotional, so I have to give my take based on the technicals.
Obviously, the technicals are based on the stock price action, determined by the fundamentals.
If that sounds like double talk to you, think about it for a while.
No matter what the Money TV interview looks like, the technical signals are still clearly down trending.
Can all that change in a "New York minute" ? -- you bet it can.
But this game of stock trading is based on percentages. What are my odds of winning here?
"Big Money" have all kinds of computers and algorithms to trade these penny stocks. Frankly, you don't stand a chance against that kind of money and power.
Technical analysis takes the emotion out of the trading.
So, based on what I see, the risk - reward ratio is not a good gamble here.
You all will do what you all will do , but be careful out there.
There is nothing here that tells me this is a "good bet" - if you are a gambler, you should know the odds !!
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p97032458503&a=228499894
Hoping for a re submission "bounce back" is overly optimistic, IMO.
The fundamentals here have turned totally pessimistic, time factor is totally unknown re resubmission, the price is going lower and lower so a comeback ( IF THERE IS ONE) will be lower and lower, faith has been lost in the CEO
I have been warning people here for the last several weeks that the technicals were indicating this. I am warning now that .08 is probable and lower than that is possible -- won't know that until .08 is reached and a re evaluation of the charts takes place.
Patience and observation is what is called for here.
fidder-you are a brave one !!!
I will continue to post charts and comments. I will not give a "buy" signal as such, but if I were you, I would wait for a bottom to be reached and wait for the rebound and be sure it's not a dead cat bounce.
You can get real bloody trying to catch a falling knife......take the word of experience on that one !!!
Chart update.................................
I strongly expect .11 to be broken today, and then a rapid decline to ???????
I hope for the sake of the "faithful" here that I am wrong, but odds are in my favor, IMO
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p88610787337&a=228499894
Homer-since you have labeled the BT "terrible" ............
please post your research on Comparison Studies on present day 2D scanners, radiation exposure, time to process images etc. Please include the comparison of the IMGG machine.
I'm sure if you can label something "terrible" you would have to have the info available to compare. I would like to see that comparison information.
Please post ASAP
I would say that the DVIS is no competition for the Body Tom,
since the BT is a product presently ready for sale and use.
I'm sure improvements will be made to increase processing time to nearer real time.
This product could be the death knell for IMGG
And you all know I'm not a basher....... this is just bad news !!!!
Heeeeeeere comes .11....................................
Have a plan in place yet ?
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p82725982592&a=228499894&listNum=4
Volume: 2 million and .12 busted as support
The chance of this closing over .12 in the near future without some REALLY GOOD NEWS is very low.
My educated guess is .11 will fall soon and then .08 would be in the sights rather quickly.
There is just no technical reason why this won't fall apart down here.
Again, news will probably account for a retrace, but , remember , if we start that retrace from a LOWER pps, the actual target will be lower.
For instance, if we were to start a retrace up from .11, the likely resistances are the Fibonacci numbers above-- that is .14 .15 .16
Example:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p27884873386&a=230351532
Now, if it gets to .08, and then retraces to the same Fibo numbers, they will be quite a bit
lower however.
I just don't see anything to be optimistic about at this point - people are going to lose money until an ACTUAL approval by the FDA takes place.
RE submittal bounce won't be enough to save most posters here.