Now that I agree with. Sovereign funds, Hedge funds and big money world power brokers do speculate and pretty much control commodities prices. I'm sure everyone remembers oil @ $147 a barrel.

But we have to trade the market we have and when oil fell to the 70ties. Buying drillers or oil on the way down wasn't a good trade. Just like buying gold or miners before the reversal.

I know you have a different trading style which accumulates for reversals and holds longer term, on many of the plays you post about. But calling a bottom and being correct doesn't have the best odds for success.

Will gold reverse SURE. IMO that's when to buy in.

Success to us all, you out traded me on NBRI for sure. I missed that one due to my rules trading style. Ran and still running 10 days later. Watch the volume. Watch for the red profit taking day. Sorry but I still believe in protecting profits. Out at the first sign of a stall or retrace, back in on continuation past top resistance. I would have traded out and back in once, so far in the 10 days. Todays volume looks like another out is about to happen.

Ps; I traded GSS last year on it's bottom bounce. Will keep an eye on it this year. Thanks for the heads up.

Gold keeps falling. They have little motivation to open any operations, is my delay guess.

I'm in the mood and am going to take this 1 step farther. I've posted in the past, how to determine how long a darkside play should last, by adding up the accumulated shares involved. could be free shares for funding found in the filings or accumulated in the chart volumes.

SVFC had aprox 3.5 mil bought in those 3 days.


manipulation TIPS: #1 25% of a manipulated days volume is trades between retail, 75% from dark master. #2 It takes at least 10% of the average daily volume to run a stock. At least twice during the day, usually 3 times.

So lets do the math.
Accumulated 3.5 mil. The average volume then was around 150k - 10% - 15k x 3 = say 50k to buy the run.

On the spike day volume was 5 mil - 25% = 3.75 mil.

So ball parking my guess, it took 50k of buying, to produce 3.5 mil of selling @ doubles and triples to 5 cents and my TIP ratio shows 3.75 mil sold. Close enough IMO.

The next day showed 2 large trades during rush hour for 1.3 mil around high and all stopped. No one had shares for sale to feed the buying emotions and price fell.

Under this evaluation what factor caused the emotion buying to stop. Because no accumulation shares were left for sale. Later during the day you saw drips and drabs sold as price lowered and old holders took advantage, knowing the pop was the best they would get to empty there resent bag on the price dive from 8 CENT TRUE VALUE AVERAGE PRICE SWING PRIOR. .025 TO .035 WAS BETTER THEN .015 BOTTOM BOUNCE AGAIN

Agree on a hold play, fundamentals, financials, management performance and pipeline reports are a necessity, not luxury. Needed on top of mid term chart analysis.

Studying the reliability of each pattern is good. Even though this divvy play stock is involved in questionable operations. Chart history should display a true underlying retail sentiment for trading. Unless there is manipulation involved. Pattern odds are still reliable. My experience is the bottom bounce is not as reliable as the channel play. Don't like trading resistance levels over chart targets.

Paper trading another excellent decision. Nothing better then experience the risk free way.

SVFC

An experienced guess. I have no proof. But I always look at 2 things on the OTC. Conflict in the StochRSI & CMF support indicators and sell side volumes before any pop. Prior strong accumulation indicates prior planning. And planning on the OTC means someone is about to get fleeced.

Look at the volumes out of no where during the early June price dive. NONE to millions. It's not who's selling the bottom, it's who's buying it! Bang 2 days after the trading group stopped buying, a 1 day IMO manipulated pop.
http://stockcharts.com/h-sc/ui?s=SVFC&p=D&yr=0&mn=3&dy=0&id=p67233703912

My problem is they own nothing. So their paying the new with cash from the old. What's underlying the projections are smoke and mirrors, not assets, no cash flows.

Same company different trust. That play would be a channel swing trade. IMO forget the divvy hold all together. A blink of an eye could take the divvy away now days, since the real story is reaching the Ponzy players. Madolf revisited. Thing are great till they aren't !!

There is really something strange at WHX. They are reporting huge dividends with zero cash flow for years.

Never mind. Looked to good to believe and probably is! The numbers add up like a China plays financials. or Mr. Ponzy with a zero termination value. LOL No new cash inflows should produce a collapse of the company results.

http://finance.yahoo.com/q/cf?s=WHX+Cash+Flow&annual

Bottom bounce swing trade at best. NO buy and hold. One could think about playing dividend capture in Aug though.

WHX

How the hell has it fallen so far with 100% fundamental margins. ??? Strange

WOW thanks, over 30% ave 5yr divvy ??? Especially for an oil & gas trust. Aug 16, 2012 (+/-) next EX date. I'll be thinking about and researching this one !!

http://www.dividendinvestor.com/?chk=cb8da1372277877&symbol=whx&submit=GO

http://www.dividendinvestor.com/historical.php?no=37918

http://www.finviz.com/quote.ashx?t=whx

It's a common error most make when they start on the road to TA & charting. After studying chart patterns, they scan for them and when they find them, they over look the volume many times. It's normal, keep looking. Now you will remember to check the chart patterns volume. We learn from mistakes. Keep studying.

My rule of thumb to find possible action stocks is;

Triple zero stocks need an average daily volume of 100 mil.
Double zero 10 mil and single 1 mil.

One can trade less, but don't expect any climb, just pops, as volume interest levels have a great deal to do with continuation on the OTC.

It's easy to multiply the ball park price and ball park volume the past days or weeks, to see if enough cash is changing hands that you could trade in and out with ease, at the size of the position you want to play.

TIP:
You WILL have trouble trading out if you own more then 10% of the average daily volume !

Those 2 were an interesting study. Both had simular pops but one continued and the other didn't.

NEWL didn't pop the second day trade day.
http://stockcharts.com/h-sc/ui?s=NEWL&p=D&yr=0&mn=3&dy=0&id=p77342536171

FREE did follow thru the second day trade day.
http://stockcharts.com/h-sc/ui?s=FREE&p=D&yr=0&mn=3&dy=0&id=p88104162781

I posted about these 2 because I planned the trade and traded the plan. I teach try to bracket ones plan with an acceptable loss 1/2 the gain target. That way it takes 3 losses in a row after 1 win to lose money. Making your trading odds in your favor.

My gain target was 30% at Both NEWL and FREE and acceptable loss 15%. 1 won 1 lost I won 15% over all because of this trading TIP. And wanted other to see this trading style in action.

Hope some learned something.

TIP: keep loss (1/2 or less) then the gain wanted.

Doesn't really matter if bottom is in or NOT. NO volume, you can't trade it and make any money. Total cash traded on an average day is $4 to $4.5k TOTAL.

Actually the first time NEWL came to the board. I posted about it on the 1 day pop day. And it fell after. Causing me a 15% loss, when I made 30% on a similar chart at FREE. Day trading. Guess you thought you mentioned it to the board before, but didn't.

http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=3972&srchyr=2013&SearchStr=newl

Always happy to hear back when someone gets a win. Let us know.

As I said, good luck

Sorry I hurt your feelings by not agreeing. Guess I'm a basher. But I do appreciate any heads up which have potential, seen in the chart. What was the last play? I don't see potential in this one..

Good luck

The .04 to .05 was a trading group selling shares acquired at .01 to .02, days before the bottom bounce IMO. If retail wanted to take it higher it would have by now. If the big guys wanted to take it higher it would be by now.

Watch for large volume days back at .01 to .02. And get ready for the next pop. Is my opinion.

Chart shows nothing except a suckers trade day and new blood interest. Doubt you will see .035 resistance broken, until the trading group which bought between .01 to .02 reloads down there.

http://stockcharts.com/h-sc/ui?s=SVFC&p=D&yr=0&mn=3&dy=0&id=p67233703912

Never believe the PR story, (message board DD), trade retail reaction to it ! Every one needs to stop reading these message boards for positive support on an OTC stocks future. The future is in the hands of the big guys, not retail herds expectation based on what they call DD. They don't even know what DD is.

Due Diligence is the research of financials, fundamentals, and reported pipeline, to judge company value. It's not what was published in PR stories, as most pennylanders think.

Yep A shorts fight is going on at MM.

http://www.schaeffersresearch.com/streetools/filters/equity_si.aspx

PS; bookmark this site link. Best place to see short interest action I've ever found!

ELTP

My darkside play petered out in 1 day. Shame my entry was on after rush hour reload. I missed my expected target at .085, when it ran to .09. It was hit during rush hour gap up past my lower entry number and not revisited. LOL Ouch and my trade bracket closed at break even today. And I missed my 20% play due to gap open. POOPY

Plan the trade and trade the plan.

Back on strong watch though.

1st thing I notice with MM was the ascending triangle My friend from Germany mentioned. We trade the last chart pattern first.

Also will note it's an island reversal pattern and those require volume in / volume out, to break into the gap down area @ 9.80+. Most island reversals form a channel along the bottom. And this one hasn't yet. Add all this together and there is a strong possibility, if triangle target is reached it may reverse back to 6.00 unless the move to target involves large volume support. That's what signals there has been a complete mindset change in retail, about the companies long term future. Major structural company problems cause the island reversals gap down and it takes something as positive to change investors minds that it has corrected those problems.

Thus it's logical to research the fundies and financials on any island reversal before expecting a come back continuation into the gap down area. Thus the rounded bottom, mid term pattern, has little to no over all expectations past 9.80 IMO. If you find good improvements in the research, the rounded bottom could be support for continuation after the shorter term pattern target is reached.

Remember the rule of thumb. When you see both mid term and short term chart patterns complimenting each other. Only trade the last pattern, using the first as comfort support.

But this involves an Island reversal which needs more research then just TA & charting.

Here's the trade and the volume isn't looking good. Event if it does reach target @ 9.80, the rounded bottom you found would add little comfort unless the DD shows strong improvements at the company.



Ps;
You know after reading my post and looking at the chart again, Check the size of the short position. Looks like something keeps holding it back volume wise. Bet shorts over 10%.

A descending triangle is forming. Study chart patterns to judge what to expect next.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_

http://stockcharts.com/h-sc/ui?s=HEB&p=D&yr=0&mn=3&dy=0&id=p60359739437

That's what happens every time one trades without a plan. But there is one hard and fast rule which is never wrong. Take profits when they present.

Have posted TIPs on how to trade these parabolic pops many times. Look for exhaustion candles, take profits and re-enter on continuation, is the process.

Chart looks that way. Next real support is at the 1520 area and lower rubber band 6% red line. There is a sloppy support area around 1550 though. The correction turned into a reversal, when 1585/80 last support broke down. IMO

Sucks - No technical or fundamental reason for it to break the 50 day, other then the self fulfilling prophecy of it can't go up for ever. LOL

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01173360344

FAZ

LHTP no chart GVIT no volume for a double zero stock.

ELTP manipulation example.


IMO they have an M&M helper.

Found at least 20 mil for sale, probably 36, as of June 11 filing. About 10% of OS.

Watching the rush hour run before the earnings call. It was text book. Then they stepped back to see if management spin could keep it going, after the call. Which it couldn't. Message board herd loved it, but as usual they only by runs, not create them. The stock basically stopped trading once the dark master stopped leading them. This will not run on words, needs dark master buy manipulation.

Yep trouble in River City. 1585/80 support broke down. Fridays strong volume hold on a weekend really faked me out. Today was a surprise !

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01173360344

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89291376

My pre open buy order closed at lunch @ .076.

Nice continuation and re-entry at NBRI today. I personally don't trade what is known as free shares, as they are profit shares to me. And I like my profits in the bank, not on the table. But I can't tell you that is a better strategy then holding free, because people are different. My trading style may not be correct for your goals.

I'd call it a channel from 3.55 to 3.75. The flag would be a mid term pattern. Trade the last pattern first.

yes

Current ratio is short term. Liquidity, can they pay their bills. Debit ratio is over all. total debit vs total assets. is the company worth more then they owe. Both use 1 over under as good bad.

ELTP management had a plan.

They announces earning call for the 24 th, on the 19th. Before Q release on the 21 st. Proceeded to pop the price on quart loss increasing large with manipulation and smoke and mirrors News release. And are ready to spin the emotion in price, the 24th, Monday.


Smoke and mirrors;
Released Q report at 1 pm, then knowing the herd wouldn't dig in, followed up telling them what to focus on. At 1.45 the PR said huge rev increases and slipped in a single line about 1.6 mil in negative consolidated loss.

Explaining this, they even said this; LOL
Elite's operations incurred a $1.9 million negative cash flow, due in large part to the financing of a $1.4 million increase inventory and receivables generated by the rapid increase in revenues.

How the hell can weak receivables, causing a loss, be thought of as positive, due to increasing rev's. The epitome of smoke & mirrors wording, to misdirect retail understanding or belief. Increasing revs had nothing to do with bottom line losses. The lack of increase receivables generated, with increase in expenditures in the quarter, did.

But once again the herd was reminded of increasing rev's in bad news. And management knew they wouldn't dig into the full filing if they spun the story good enough.

Pennylanders, a bunch of suckers, I'm sorry to say. What came out of a large consolidated loss. The retail herd buying the increasing rev's PR, while the dark master fed the frenzy shares for sale.

Time for a retailers trade plan. Trade the pattern first. Then strong watch for continuation. Is mine.

ELTP

I like this one for a darkside play for many reasons. But for right now their is a double bottom chart pattern which has broken out on increasing volumes and a bad Q report. Just after 80 mil shares, with incentive, go up for sale from the treasury, to back a 10 mil VC funding deal. With a VC which has been funding since 2011. Also management has been flipping their own stock for profits. Add no attention pop is needed because the average daily volume is already 1 mil, for a single zero stock. And the Pres. & COO was let go. The good news story is in place, with a second patient attained.

My point, who buys large on poor Q report news, with out trade manipulation. I'm sure management will spin financial spending causing large losses, as a prerequisite to growth. The second patient increases rev stream potential going forward. Thus the future is rosy. In their Monday call.

Never believe the PR story, trade retail reaction to it!

Check the 3 year cycle chart to see what has occurred with Lincoln Park Capital Fund, LLC funding the company.
This is the 3rd year and funding just announced.
http://stockcharts.com/h-sc/ui?s=ELTP&p=D&yr=3&mn=0&dy=0&id=p07054798944






----------------------------------------------------------------



Why did my old single bottom chart fail? Because funding was NOT in place yet. Funding deal announced Apr 22, how does the price fall after a 10 mil funding announcement. Trade manipulation.




The share sale perspective, backing funding, news came May 10. Guessing transactions took place since. Now trade manipulation on a bad news Q report June 21. Causes a pop.

The stock is under control IMO.
Double bottom target .085



Trade at your own risk ! IMO the dark master has the herd by the nose ring. What looked free trading, before the dark master stepped in, has become A darkside play. IMO

Book value is basically the net asset value of the company. BVPS divides this value by the OS.

One compares Book to market cap to determine over under valued. Or BVPS to stock price. A financial valuation vs. a fundamental evaluation seen in the P/E ratio.

Berkshire Hathaway Inc. Created a series A & B to open up ownership to those which couldn't afford the old common share price. (Actually I'm not sure if they are tradable series preferred shares or just two classes of common. I think common) Because Warren Buffet didn't want to forward split the historical prestige of the original stock. But wanted to give retail a chance to get in and also overcome a problem with gifting tax wise. I think when Warren Buffet created the 2 classes he determined the "B"s to be 1/30 of the "A"s. And they had 1/200 voting rights. A few years ago the "B"s had a 50 to 1 split which made the price difference 1500 to 1.

They should track well. Only varying due to the level of investment community involved in the different price levels. "B"s trade more and "A"s are more long haul.

As for why 1 is undervalued and another over valued, I'm not sure where you found that info. I thought fundamentals were only given for "A"s. And the "A"s have a BVPS of 120525 with a stock price of 168200.

You be da man!

Shame the board didn't know about the double bottom pattern before break, on a free trading OTC stock.

Caution

5 days green and at resistance; volume not increasing any longer with price. Add it hit the double bottom target of .35

As always; Take profits when thy present !

??? What gap? IMO if it hits $4 the sky will fall. As with all mid to long new positions. One should enter in steps though. If I'm wrong A new buying op will appear lower. I doubt it, as the market is just starting to return to logic. Interest rates won't increase large without the FED reacting to that. AIN"T going to happen. This market event was bull chit. Neither technical or fundamental reason called for this week.

The REITs will come back from the negative exuberance of tapering. Because tapering is only a story and we don't believe in the story, do we? LOL

1580/85 held @ the S&P on a Friday on strong volume. Tells me the herd doesn't expect more south or they wouldn't have held it up over the weekend.

Expect 1630 gap fill next week, then back on track for this post.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89020820