chilling at support
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KWK... chart really shaping up now... won't be long before this puts in an ignition candle imo... prob early next week... watch dips for long. This grind up towards 1.90 resistance is exactly what I look for. MAs geared up to support a 200 day attack at $2.30. Best part is limited downside risk. Center bollie line been supporting the bottom of the candles for a month and a half now. TOP WATCHER next week.
Another strategy would be just to stick on watch and buy a $1.90 break with vol confirm for $2+ quick rip. Given the market environment being so bullish and all these cheapies ripping, I'm thinking it won't take much to get this one rolling with this chart.
This broker is based out of the bahamas... I would think you'd be fine, but not 100% on that.
Suretrader is my broker of choice. Great for intraday shorts under $1. Get's around that pesky $2.50/share margin requirement that US brokers have.
welcome littleharoldeh... we try to keep things fun around here. No BS just straight chart plays. Feel free to post plays, questions or comments. georgie18 and I are available via pm as well if needed.
IVAN getting some taps this morning in pre... 1.02s printing. Hopeful for a big vol burst/squeeze outta the open to unload into. Currently up .05 on 5000 shares or $250... If I can bank $500+ outta the open, I will be very happy for a chaser/gap trade. Each penny is $50 profit... helpful to think in those terms sometimes... at least for me.
Doesn't take a lot of $ to make a decent trade if trading the momo stocks... just take your slice and sell while everyone still wants it and on to the next.
IVAN if there was any question this is going over $1 tomorrow, it's now gone. lol A/H trading on this thing has been hilarious. I's like an OTC stock where they flex with bids to push it higher. I'll be happy with a 1.10 pre-market to dump and move on. Would be more patient, but my avg is horrible and so risky chasing these things.
EWSI chart... not bad... figured this would be a slow one to really move. Nice candle with vol off the 50 day kiss. We'll see next few days... I'm targeting .05-.06 maybe .065 for the bounce. I like to capture the meat of the move and leave the very top for others to duke it out over.
Scooped .041s then .04s today ended up with 70k at .0405 avg. Up $378 dollars at the moment. Ideally .055-.06 take it off and walk away with $1k+ profit for just a few days work... we'll see.
Great call I actually chased some towards EOD for a gapper mañana. Actually getting bid up a/h with 40k parked at .99 lol. I'll be happy for a $1 poke thru tomorrow.
EWSI congrats guys we nailed bottom... .045s up
agreed... added .04s just a few minutes ago. Bottom in imo.
PWEI i'm short
EWSI scooped .041s starter
TNIB... BOOM thru $1
U guys down with da weeeeeezzzz yet?
Just a quick note... I've been vacant a lot of the summer, but plan to be here full-time and daily from here on. IF anyone has a question about anything, PLEASE feel free to ask away... either on the board or via PM. We are here trying to do something that is rarely done on this site... teach folks... please ask away.
Believe it or not, you can make money trading these stocks if you are familiar with what's going on... Going to be doing a lot more chart posting to illustrate trade ideas, etc...
If I can capture some live L2 screens real-time, that is something else that will help out a lot... lots of stuff to indicate bottoms comes from L2 and shifts...
Awesome feel free to drop either of us a pm with questions etc. Door is always open!
TNIB... intraday chart... this chart hopefully will explain why I like the trade to begin with. Anytime you are dealing with a mega-tanker you have to be thinking it will bottom. So we start looking for signs of the bottom. This chart flat-lined at 0.70... so I was looking at any perk off that level. Not ideal, entry-wise with 0.80 avg but... I was late and coulda had a way better average if I was patient.
But look at the base set yesterday and confirmed this morning... then note the higher lows from late morning on and close at a buck... this is what makes money if you can buy when nobody wants and sell when people start to like it again... name of the game.
TNIB chart... not what you expected eh?
Called here yesterday... join us :)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91877260
Well I suck at sub-pennies and have a distain for holding long periods of time. Everything I post is typically ready to move soon even when people are like wtf did you buy that. But yes we are having a blast and I'm hoping the posts help folks...
XIDEQ, TNIB, LQMT, NVIV, etc all in just a few days... Tomorrow EWSI... Get ready....
Pretty cool to have no-nonsense board with straight up chart plays? Kick the DD to the curb and promos and trade pure stuff... All imo. Charts never lie. Big props to georgie for showing me the way.
I had bids in but no fill. Hopefully AM sell-off for cheapies. But EOD trading suggests bottom maybe in for now. We'll see.
What other board has daily wins like this one? And yet only 98 folks read it lol. Only going to get better from here. BEAST MODE
TNIB... weeeezzzz knocking on $1
TNIB thru .90s... weeeeeee
CERE sick
TNIB decent headline out this AM... let's see if this can help spark a reversal off the .70 base set yesterday.
http://ih.advfn.com/p.php?pid=nmona&article=59161875&symbol=TNIB
XIDEQ... ok guys about to rant here for a bit. This stock had one of the best charts I've seen lately that just screamed breakout. Memorize this pattern. It's one of my favorite to look for. Rising wedge with .23 as resistance. I bought in ANTICIPATION of the breakout for a few reasons. This thing was coiled up and ready to bust out.
However it did trade very thin with wide spread, and low volume pre-breakout. So the trick is to identify the pattern and accumulate on the bid-side while waiting for the break. If it doesn't ever come that's fine... You have a low risk setup to exit if needed, so no big deal. But once you get the break the VOLUME comes in and you want to sell into the pops when everyone wants it. In this game you gotta be 1 step ahead of the sheep... bigger profits and less risk imo.
If you go read that board people will be talking about DD this and DD that. Well that's all well and good, but all that matters is price action. Who cares if the DD is solid? lol. Q's are awesome because they typically run big before the common get jacked, so funds, insiders, etc can exit before they pull the plug on everyone. So knowing that when you see a chart setting up to bust out, you can react with that knowledge... EKDKQ, PCXCQ, ABKFQ, KVPHQ etc... patterns repeat over and over and over again.
Anyways just a few thoughts and hope the few that frequent here find this helpful. Understanding the "process" of a Q stock lifeline once it earns the Q is key to making money on these. They are risky, but can be very lucrative as well. No different than any other penny stock imo. Both can give huge gains or put you in the poorhouse for overholding.
I was really hoping panic down to .10 range but nice trade. Quick 500 bux on 20k shares. Just hope they cut the cord and give us a real play.
Great call on NPHC... I'm mad at myself for taking this off radar...
XIDEQ raaaaampage into the close. SICK