looooooong gone !!!!!!!!
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fidder-you may have rushed in a bit early
The .12 support has been broken 3X so far today.
Every time it is broken, it becomes weaker.
Sub .12 by day's end looks quite probable, IMO
I hope it works out for you.
Daily chart:
Still very weak
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p41904863017&a=228499894
The new support is now .12...................
And it is being challenged right now
Can .11 be far behind? Not with the volume I see.
http://s944.photobucket.com/albums/ad282/madtig/?action=view¤t=IMGGmin.gif
kimble-"also i think we ALL agree there at least a couple IMGG employees who post on this board"
Now THAT I would like to see proof of..... and certainly to state that we ALL agree is hyperbole
at best, and something else at worst.
There are only a few employees in the company, so please state their board IDs, as I will follow up to ascertain the truth of the statement you made.
If you don't follow up and disclose, that will say plenty!!!!
Chart update...................................
Oh good heaven, will we see .11 ?
Price now riding on the down sloping Bollinger band.
With momo indicators all negative, we will probably see the PPS slide down those lower BBs.
If .11 doesn't hold, .08 is almost a "gimme"
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p07347724537&a=228499894
My take-this stock is not going to be static.
Going on the technicals, as I see them, the erosion will continue to a lower price - .11 or .08 or ??????
If, in fact, an announcement of a re submission is made, THEORETICALLY we should see increased volume and a rise in the PPS, as before.
I think most posting here have an inflated idea of how high that price will be. My guess is that .15 is about tops. The game will be played amongst the day traders and the MMs.
It will be fast and furious and short lived, IMO.
Long termers have to have a plan.
Will they continue to hold for the "big killing" which may never come, of course, and watch the price deteriorate as we have already witnessed in previous cycles?
Will the company go bankrupt before the "big killing" can become fact?
Will the long termers sell after the immediate price rise, lick their wounds and move on ?
Whatever is in store, the important thing is to have a plan in place. If you take a "wait and see" approach, you will be at the mercy of the " money changers" who are running the show.
You are no match for them with their computers and big bucks. Some have "insider information" being leaked to them ( this is DEFINITELY just my opinion, as I have no proof of that) but I recognize the trading patterns which are indicative of significant numbers of traders moving in the same direction, simultaneously, always before the "news" is announced to the peons ( us)
We retail traders are no match for these professional traders.
Have a plan in place, execute it and never look back and "second guess" yourself, as that is a direct route to self judgment and ulcers !!!
And , most importantly, learn the lessons you may pay for dearly, so that the "next time" you will have the experience to make better choices.
" A true failure is a man who has blundered, and failed to learn from the experience"
N.Chicken-I agree wholeheartedly with this statement:
"(this stock) isn't all that "well behaved" in a TA sense."
It has been "gamed" by someone or group of someones for many, many years.
I , admittedly, have been fooled several times by the turn of events.
That's why I decided to trade the living daylights out of it. And the ONLY thing I could count on for those swing trades was the charts.
I have traded millions of shares over the 4.5 years I have owned it, and have made a very nice six figure profit - not the seven figure profit I had hopes for - but why be greedy ?
We go back a long way and I have always appreciated your humor and your mastery of the BB.
I have tried to make it clear that in posting charts that it was , indeed, for the average member of this board, a FYI and FWIW - the info to be used in whatever way the reader saw fit.
I was very careful, as much as possible, not to give buy and /or sell recos. I may have slipped once or twice over the years, but I do have 1833 posts here, so I think that is a good record.
Thanks for chiming in with your charts.
A suggestion for any technical analysts here on board........
Since I put myself out there by posting charts and giving my analysis,
it would be informative for the board, and for me also, if you would post
YOUR charts and give your analysis of what YOU see.
Putting yourself on record, as I do, is a bit harder and more responsible
than second guessing someone else's calls.
I certainly don't claim to "know it all" and constructive criticism in the form of
posting your own charts and explanations would benefit all.
Thank you for your anticipated participation.
Chart: looks bleaker and bleaker
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p23652779389&a=228499894
I'm very curious....did anyone decide to sell back at about .15 when I first started the
"caution" warnings?
How about when .14 failed as support. Anybody sell then?
Just wondering if anyone actually uses my charts and analysis, or am I wasting everyone's
time?
Thanks
Mine-well, you're getting volume today.
Unfortunately, it's a DOWN day and gonna' get downer, IMO.
Chart update.......................................
IF I was thinking of buying some back ( and I may or may not), my strategy would be to wait to see if .11 holds support, price bounces off of .11 and for the momo indicators to turn positive.
Right now , EVERYTHING and I mean everything says she goes lower. How low is the question.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p23652779389&a=228499894
Every time .14 fails to hold, it becomes weaker. Kind of like breaking a door down - each hit weakens it a bit more until it breaks off its hinges.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p60673764592&a=228499894
If this drops below .10, it's all over !!!
I am limited to 3 posts a day, but I wanted to present this before today's close.
The CLOSING price is what determines candle chart reading protocol, but it looks to me like this pps is in big trouble here.
You all know I am pro IMGG, and certainly not what some would call a "basher", so I am giving as neutral an analysis as I can here.
Look at the chart, read my notes and if you think that patterns don't repeat, forget about this post completely.
But if you think there is ANY validity to patterns repeating, then use what you see here to your advantage.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p10881832877&a=228499894
Yes, I would have to agree with that.
I think the MMS and day traders took advantage of the "news" to make a few bucks.
IMO, the fundamentals haven't changed here, and the technical charting has been a good guide - for me anyway----:o)) - and until some real news comes out ( like resubmission) this pps will
continue its downward bias.
That's not a prediction, and I have been fooled before on IMGG, but that's what I see here
The .14 support has got to hold or things will fall apart.
Watch that .14 support verrrrrrrrry carefully.
Just challenged by a large volume trade
Chart is looking worse and worse
That big bad bearish engulfing candle was a strong trend change signal.
And look at the history of the williams %R indicator
Is anything fundamentally different this time ? NO
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p31424641062&a=228499894
Boxster-of course it is not Cranshire's fault
How could you expect a scumbag, low life, penny stock CEO like Dean Janes to be any thing but a con man, bottom feeding, dirt bag, huckster and con artist ?
I'm sure I missed a few adjectives here, but I think you get the basic idea.
Dean Janes is the cause and root problem for anyone who has invested (unwisely?) in this scam, rip off company and lost money.
He should be behind bars !!!!!
longas-the charts(I use 4 for this stock)are all relatively weak.
If .14 support holds until submission - all well and good.......then THEORETICALLY we should see a nice updraft to the price.
If submission date drags out, then I expect .14 to eventually break, and then a rapid breakdown to AT LEAST .11 again.
Below .11, it's look out below for .08 or so
The "be careful" was to watch for the break of .14
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p06578820221&a=228499894
Chart-be very careful out there !!!!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p52889778903&a=228499894
Don't say you weren't warned.
Good news will trump this chart, but without good news - well - what happened before?
What has REALLY changed?
Chart update................................
Well, here we are at .14 - critical support.
IMO, the share volume and jump in pps was due to MM activity and ultra short- term traders, taking advantage of the buy back announcement to make a few bucks. Nothing wrong with that - it's the way the game is played.
Now we have the "waiting game" mindset......time is the killer of the pps. No "real" news = price breakdown.
If .14 doesn't hold, IMO, we will see another rapid drop in price.
This is NOT investment advice - just MO on what I see on the charts
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p19079854330&a=228499894
A question asked of me by another poster:
He asked me what I was doing on this board, since I no longer own any shares. Seems this question gets asked a lot here!
My answer:
I have not rejected the idea of buying back into IMGG at some point in time. Could be next week or next month. Will have to see how the current re purchase issue "shakes down"
There are occasional informative posts here by some posters, so I choose to stay and read certain posters.
I am here to make a profit. Simply for the lowly motive to make a gain. Same reason I am invested in any other stock. Same reason as anyone is invested in any stock.
Does a machine that produces real time , 3D images exist, as purported by IMGG?
I think it does. Have I seen it? - No
Do I invest in IMGG to make a profit? - Yes
Have I seen the gold purported to be produced by the PM mining shares that I own? - No. Do I invest in them to make a profit? - Yes
I am willing to look at the technical evidence and invest in IMGG as I see fit. I sold the remainder my shares, which I held for a long time, at a profit of over 200%. I based that sale on the charts. Did I sell too soon ? Based on the reaction to the announcement of the buy back policy, yes - exactly one day too soon. Am I crying in my beer about it?
No, because I am happy with a 200+ % gain.
I will re-invest at a time when I think I can make a profit. That's why I am here.
RE: Mike Nessen...........................
I have spoken with and emailed Mike many, many times over the 4 1/2 years I have been invested with IMGG. He has ALWAYS answered my emails and phone calls. I am a good judge of character, and I judge him to be a straight shooter and a gentleman. I wish I could say that about .....Oh, never mind....... you know what I was going to say, but you know what would happen if I said it !!!
Maybe he isn't told EVERYTHING ABOUT EVERYTHING, but I trust what he tells me is the TRUTH, as he knows it. I wish I could say that about .....Oh, never mind....... you know what I was going to say, but you know what would happen if I said it !!!
He has never given me what would be called insider information, but has always answered my questions as honestly as he could within the boundaries set by regulatory agencies etc.
Yes, it's true I no longer hold any shares, but I continue to follow the news re IMGG, and certainly would consider re-entering the buying of shares if my technical and fundamental signals said "go"
Do I trust Mike's info over some other "info" being presented on a certain message board? YOU BETCHA I do !!!
bb-not back in YET, but seriously considering it.
I'm waiting a few days to see how things settle in.
I have always been a believer, but had to trade the charts--that's what I do !!
I have made plenty of profit with trading over the 4 1/2 years I have owned it, so I
have no problem waiting a bit and maybe paying a bit more.
If things progress in the right direction, still plenty of $$$$ to be made.
And you may have been real lucky to catch that falling knife.....time will tell.
If it weren't for the announcement, I'm quite sure it was headed to at least .08
Not quite sure what I make of the recent re-purchase, but I think a phone call
to Mike Nessen is in order for me.
Charts update..................................
Before I post the charts , I have to say this board is better entertainment than what I used to refer to as "soap operas" on TV. I really get a chuckle out of the postings here.
So much emotion and pathos !!!!
The daily chart looks pretty good.
Downtrend line has been broken to upside - see other notes on chart
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p37678208135&a=228499894
The weekly chart is looking much stronger, but still needs some breakouts to warrant buying new shares.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p68686141674&a=228108388
Have a nice weekend - or should I say "Break a leg" to all you "hams" ?
Mugs-
I'm wasting my last post of the day on you, but I hate to see misinformation posted as "fact"
"since I did not see any of them buying today!!" - and just how would you "see" those trades?
Even if you had access to that kind of info - I know I would use a "straw buyer" if I were in their position - just how would you "see" those straw buyer transactions?
I don't expect you to answer this, but thought for the sake of clarity on the board, I would give you a chance to do so.
For the last hour it is cycling between .145 and .130.
That is a big range for this thinly traded stock ( usually thinly traded)
I would not commit ( speaking personally here) to buying back in until the weekly chart broke out from the downtrend line and from the MAs noted on chart
News like this usually promotes "flash in the pan" trading ( don't forget about the MMs who have probably stockpiled lots of low cost shares ) Fun to day trade , but calling for extreme caution for longer term holding.
What has REALLY changed ?
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p68729561985&a=228108388
Jumping for joy?..............................
Just don't let an emotional response jump you back into IMGG too soon.
Best to sit back and watch the action ( like on a chart?) as the big players and the company do their thing.
This move by IMGG could go either way as far as PPS is concerned .
Caution rather than emotion is called for here .
We might see a small correction ( upward) to get theprice back within the lower Boll Bands
------approx .125, but then could stall there
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p88843677816&a=228499894
I've been limited to 3 posts per day, so won't be posting much
vibe-I don't recall posting that I was adding to my position, as I have not done that.
Please copy the post that you say I posted.
And I am not here to play games !!!!
moocho-as you know as a fellow technician, these OTC, penny stocks are a hard read on the technical side.
But when everything else is in uproar, I can only depend on the technicals to guide me.
To answer your question - the shares I sold yesterday were purchased years ago at .06 as a private placement transaction.
I'm not here to play games.
vibe-"If one truly believes in Dean and the DViS the current share price presents its self as a buying opportunity! "
I have been a "true believer" for 4.5 years, but reality has set in for me based on the charts / technicals.
To buy now would be pure folly, IMO.
I think we have a big drop ahead of us. Buying later in the sub .10 range might make sense,
but I will re-evaluate that at a later date.
Heavy , heavy volume on a down day. No support in sight.
This is nothing but trouble from a tech standpoint.
Daily chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=3&dy=0&id=p91199598548&a=228499894
I am out of IMGG - all shares .134 - .135
Repost of the weekly chart...................................
Weekly chart update.......................................
While the never ending story / debate goes on and on here, some tech info:
On a weekly basis, as you can see, since Dec 1, 1010, .14 has been support. We are now into the apex of the uptrend ( really a side trend) and the downtrend line. Price will have to "break" one way or the other.
There is no support below .14 based on the previous price-volume history. What this means simply is that not a whole lot of trading went on in this area of price in the past.
The next support area is .076 - .08
Momentum indicators are neutral to downward bias.
As Nihonto Chicken would say: The 20 Bollinger Bands are "pinchy pinchy" - meaning the pressure is on for a break - one way or the other.
My take: Because it seems to be the general consensus that any re-submittal could still be weeks away, and because the pps is running out of steam (momentum), my GUESS is that we will break .14 and rapidly descend from there - maybe all the way to that .076 - .08 support.
I have acted upon this info re some of my remaining shares for a decent profit..... still holding some - just not as many as before.
If no new info is forthcoming soon, I feel quite confident the price will break down
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p68729561985&a=228108388
DON'T SAY YOU WEREN'T WARNED !!!!!
chevy- I did extensive DD on this stock. I listened to Dean Janes' CC and read his press releases.
I listened to the members on this board who seemed to be "in the know", then I invested my children's college funds in the stock.
I just can't figure it out , after that EXTENSIVE DD, why I have only made 1/6 of the million dollars I planned on.
Yup, Dean Janes is a liar and a crook. Took us innocent shareholders in a scam operation. Yup.
Weekly chart update.......................................
While the never ending story / debate goes on and on here, some tech info:
On a weekly basis, as you can see, since Dec 1, 1010, .14 has been support. We are now into the apex of the uptrend ( really a side trend) and the downtrend line. Price will have to "break" one way or the other.
There is no support below .14 based on the previous price-volume history. What this means simply is that not a whole lot of trading went on in this area of price in the past.
The next support area is .076 - .08
Momentum indicators are neutral to downward bias.
As Nihonto Chicken would say: The 20 Bollinger Bands are "pinchy pinchy" - meaning the pressure is on for a break - one way or the other.
My take: Because it seems to be the general consensus that any re-submittal could still be weeks away, and because the pps is running out of steam (momentum), my GUESS is that we will break .14 and rapidly descend from there - maybe all the way to that .076 - .08 support.
I have acted upon this info re some of my remaining shares for a decent profit..... still holding some - just not as many as before.
If no new info is forthcoming soon, I feel quite confident the price will break down
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=1&mn=4&dy=0&id=p68729561985&a=228108388
SJF-when are you initiating your lawsuit?
Email from Mike Nessen..........................
I'm posting this without comment, as everyone will have to decide for themselves what it means
From: Mike <mike@imaging3.com>
Reply To:
To:"Mike Nessen" <mike@imaging3.com>
Sent: Mon, Mar 14, 2011 10:30 PM
Dear Imaging3 Shareholder,
We are in receipt of your inquiry requesting information about the status/time line related to the resubmission of our 510K application. We are totally focused on this goal and proactively involved with our consultants to insure an accurate and expeditious resubmission. We are constrained by SEC and FDA regulations from projecting a time line or detailed information relative to our resubmission. We will be announcing significant milestones, including resubmission, in a public forum. Please subscribe to our Newsletter or follow our press releases for any updates. Your patience and support is appreciated.
Mike Nessen
Vice President, Business Development
Imaging3, Inc.
PS: I apologize to all of you for my impersonal e-mail. We have been inundated with questions regarding the resubmission and it has taken far too long to reply to many of you so in the interest of improving communications I'm reaching out to many investors at once. We're working hard not only on the resubmission but for more effective ways to communicate to our large group of shareholders and your patience in this regard is also GREATLY appreciated. Thank you again, Mike Nessen
stockmaster-interesting how the written word can be misconstrued.
I never said IMGG was being sold short (naked) I said all kinds of dishonest and fraudulent occurrences take place in the markets, that being one example. The SEC looks the other way on many of these dishonest and manipulative procedures.
I am neither saying that Dean Janes DID or DID NOT do anything fraudulent. Just that often these practices occur in the penny marketplace. Let the investor beware.
But he should be judged in a court of law, not here on this board.
There are PLENTY of illegal happenings going on EVERY DAY in these so called "free markets"
Ever heard of naked short selling?
Is IMGG somehow protected against this type of manipulation?
Of course not -- and if you bought this speculative stock not expecting this type of crap, then you didn't do your homework !!!
If you got burned - well, I feel sorry for you - learn your lesson, lick your wounds and move on.