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I HATE to see people that are really trying to find gems down here in the OTC land get 'scared' out of trades way too early by 'those that are allowed to say anything' out here. I am sure that you will agree that percentage wise, OTC trades do not have a great track record and we need to milk ALL we can out of the ones that 'pop'.
I do not like this 'straight up and straight down' stuff from some of these stocks. I would much rather be able to 'read the charts' and make educated trading decisions. I see that in this one and we are only beginning IMO. Like I have tried to convey... we are only laying the foundation here and there is much to go. Someone going to be satisfied with sleeping on the 'cold concrete floor' when they can inhabit the house when it is finished?
Makes no sense to me. Some of these people out there get 'scared' into taking tiny profits from the 'thieves', 'dilution', 'crooks', 'POS', etc.
Breaks my heart sometimes to see it. BUT, we all get to say our peace here.
I just hope some are listening to real information like the DD and technicals.
SM
At what price? And WHY? This just taking a breather IMO. If you have a chance to get back in at a better price than where you got out... I would not wait. Going over .01 easily before EOD IMO!
Do not let them scare you with there little bit of 'trading' and the "dilution' crap. Do your DD.
SM
I would bet money that is not happening any time soon (.006). Next stop is .02 within the next week IMO.
SM
I will not believe it. The trades that were done down there were 900K+ each. .0064 was washed @ .0065 seconds later. I believe the only one filled there was the MM.
I guess the concrete is cured. We ready to start building the walls? Needs closes above .012 to start the walls IMO. Seal plates go on starting @ .01. 33% not bad for the morning!
SM
What happened to all those 'Stars' that were posting the other day? There is not one star left. How long or how high will this have to go before they return. Just wondering... tick tock tick tock...
SM
So you are now out of those .0065 and you are done with this 'tird' so we will no be hearing from you anymore?
Maybe we will catch up on another symbol some day. Good luck with your trading and congrats on the money you made this AM. Not bad for 10 minutes work.
SM
I think I remember you said the mid .005's and below is where you said you are going to start getting back in. Am I mistaken and now it is .006? This AM low is only .0064 and they 'washed' that the very next trade. I do not know if I would be splitting hairs with such a powerful move the other day and what they have in the pipeline. .007 was good enough for me yesterday to add. Good luck getting filled though.
SM
Time is getting close to see who is correct. The 50 SMA for the hour is now @ .0071. The 5, 10, and 20 are .0074-.0075. There is going to be a 'meeting of the minds' shortly.
If this is really strong, then we should see a nice bounce shortly. If the 5, 10, 20 stay off the 50 we could see this thing jump. It would not be uncommon to see them touch and maybe cross to 'level out' the 50.
I am really excited to see how this is going to perform. If you really love this and you are not just 'trading' but investing for the long term, it is my opinion that .007 area would be the area to continue adding. That does not mean that you will not get anything lower, but there is a chance that in just a couple of minutes (top of hour), could be one of the last times we see the .007 area.
Hang on to your hats!
SM
To put this very simply... the business is not even close to being the same. The last time the RS happened and a change in the symbol was when they were in the 'hip hop' business. As has been pointed out many times, Labarre has not had a successful track record in the businesses that this company has been engaged in.
BUT, this is not the same business nor business model. The B2 Fight series business has only been around for a few years. Labarre is not in control any longer. That was made sure by the new players (CEO,etc.). Labarre will profit from any success, but he is calling none of the shots. Some like to point out that at one time he made a bad decision and was held accountable, but that does not mean that is who he is, it just means that that is what he did once and paid the price. I would hate to be held to a standard of one of my not so good moments in history for all of time.
As I said several times before, the early investors in this might not be the ones that make the most money because there could be a RS coming in the future if they do not turn a profit in the next 24 months or so. But, I do not see a symbol change again. They have too much invested in the B2 brand.
The business is not the same as before, Labarre is not running things, Bell is, and they are a growing business that has a real chance of making it something. Time will tell.
What really needs to happen is an open discussion on the financial statements of where the losses are coming from and are they going to be dwindling over time. As I look at the financials ( and I am not an expert), a lot of the expenses that caused the major losses are 'one time' and they are not to be expected on every quarterly report.
Up to now there has been not interest in detailed analysis of this, just stating of obvious facts.
The business is not the same as before and can not be compared to past history.
SM
Looks as though I was ONLY about 10,300 miles away.
Decent close as the concrete is curing. 50 SMA for the hour has now climbed to .0068.
US Virgin Islands?
OH YES... SLAP THAT ASS. .0078 and up! Go baby go!
SM
OOPS! .007's ALL gone. Hope you got yours.
SM
PS. Anyone want to hit that .0076?
People have told me in the past that I am goof for a laugh. Not sure whether they are laughing WITH me of AT me... .
SM
I think this has more to do with the 60 min. SMA. They need the 5, 10, and 20 get down closer to the 50 quicker. It will make the chart 'healthier' in the long term. This will allow the next leg up to start quicker. They also know that with where the price level is at, there will not be any real buying volume. If you look at the trades, they are 'matching up' the buys so they stay neutral or adding in trying to do this. All just my opinion though.
SM
ALL you can eat of .007's for the next few minutes.
.008... Floating the concrete now! Already put in the rebar and mesh for rigid strength. Preparing the seal plates of pressure treated wood so no rot. Building the pieces 'off site' in a prefab manner for quick assembly.
SM
A solid floor being poured right now in my opinion. A couple a weeks ago they were digging the footers @ .004 area. This week the floor is going in and needs time to cure. After this we are going to raise the walls above that .012 area... Then WE ARE GOING TO RAISE THE ROOF!
Sure glad I got some in the footers and the floor...its going to really appreciate my house when we raise the walls and roof. As most times in the housing market for a good neighborhood, it is going to appreciate until the time to sell the 'bubble'. Then wait to buy back in for the next ride.
Oh Yes!
SM
.0077 close would be acceptable IMO. Would not want to see anything lower, but would take it going higher though.
Good weekend to all.
SM
Look at the action going on. I think we are going to stay here for the half hour close. Then we will see what happens in the last half hour of this week. It would not take much to push this.
5 minutes and counting...
SM
It is go time 2:35PM... if this is going to rally today IMO.
SM
I do not agree with you on your assessment of the charts. It is too early in the day know how this is going to end. There are a lot of trades that are 'swapping' back and forth. I am not sure what is really going on behind the scenes, but just a few ticks up from here (.0073 or above) gives us a solid daily close. Even if it closes here it would be the highest close in 3 months.
We will have to wait and see. To much positive going on with this company to see if fall back IMO. Did you notice that in all the volume over the past few days there was NO dilution?
Patience.
SM
My 2 hours are up. Might take a little longer today...
My prediction is with the SMA's for the most part with a few other things.
But, I am not sure that I agree with your statement. I have seen many 'rallies' at those times, but have also seen the fake outs where the PPS falls by the end of the day in the case of 'after lunch' and opening lower the next day for the 'power hour'.
What has been an interesting thing I have noticed is the 'lunch time' rally. They do all their business in the morning (loading), wait for the public to scoot off to get that Whopper and then with hardly any volume....BAM! Then those that were 'waiting' to get in are left out in the cold when they get back all fat and 'happy' (or not) and all the MM's have to do is keep it steady from there on out.
Then, if that happens and they do not give 'Joe Public' an opportunity (like some kind of pull back) to get in, and then they will have a 'gap' opening to the upside the next day and let them chase from there.
I am sure you have your reasons and ways for entering and exiting markets so what I have said might not mean much to you... but my call has to do with the SMA's IF this is going to continue the advancement for the day and close the week strong.
Great luck with your trading!
SM
We are going to wait around these levels for another 1/2 hour to maybe 1 1/2 hours... maybe 2. Afternoon rally going to take off IMO. Hold on for the ride for a great weekly close.
It would really say something if it was .014 or above.
SM
At what PPS are you talking about? You talking about this last run to .0088 this AM?
I am just wondering because I know that I am not in this one to get out @ .0088. I think this is going much higher.
I just want to be able to look back and see if that would have been a good move in say a week or a month. If you are right, then there is nothing wrong with taking a 30% profit. But if you leave 270% more on the table in the next few weeks, then that would not have been the right call.
I personally am betting that this will be substantially higher than these levels soon.
Thanks,
SM
Today is the day! We will erase those losses from yesterdays gone by...
Hope you all got in for the ride and did not wait for those .005's that did not come.
A close for the half hour and hour SMA of between .0078 and .0085 or above will be HUGE for momentum for the rest of the day.
What a WEEKLY close we might have today. Great for all those that stayed the course.
Happy trading!
SM
That is only 4 ticks away so it is very possible. When I talk 'flat' I mean no major moves. In light of the swings and volume lately, 10% to the upside I would still consider flat.
I hope that we pop 200% today, but my hoping is not going to move the market.
I think patience is key here. So who cares if it does not go today but goes tomorrow and closes the week on a really good note? I would much rather have a strong weekly close than just a strong daily close. It does much more for stability IMO.
Good Luck,
SM
If we clear the .008 for this half hour we could see a good push to .01 level
I agree. If someone is not taking notice of the sheer volume that is being done here, they should not be trading. I am in no way in control of what is happening here hope to be along for the ride.
I think that it takes 'time' to make the charts look 'healthy', and the pace at which this exploded the other day the 50 SMA for the hour has to have time to catch up. That is why they can mess around with big swings and not affect the over all momentum.
The .0066 was KEY this morning. If we do not go and test that again today I think we are looking really good. I do not see why there would be any reason to do this at this point.
Next, I think they will try to induce more buying around the .01 area and let it come back and settle to a flat day. Just MO.
SM
This would be very productive if this can close the hour @ .008 or above.
I think we will probably be 'treading water' for the rest of the day... maybe either side of flat.
We could test the .01 area again today, but I think they are going to sell what they bought down 20% and sell it up 20%.
We will see, but do not mind if I am wrong and we end up another 200+%
SM
This is now where we see if all the trading in the past 2 days was BS or there are 'whales' out there that know what they are buying.
If you believe NOW is the time to buy (.0069) IMO
That was exactly a 50% retracement from the high 2 days ago.
Next stop... .0095 IMO
This should not close a half an hour below .0067. I do not think it will get to the .0055 range and still be going higher in the short term.
All this for the last couple of days would be a 'fake out' and they will try to test the .003's again.
All my opinion though.
SM
key areas to look for today:
I am going to use the 30 min time frame for the SMA's.
The closing price yesterday was even with the 5 and 10 time frame @ .0084 which was a 'neutral' close.
The 20 has leveled out and is going sideways @ .0093.
The 50 is still on a 'straight up' path @ .0065.
So yesterday was a classic 'pause' in a start to an uptrend. There could be trading in the range of .0093 to .0065 and all is still 'neutral'. We want to keep an eye on the 20 @ .0093. We will want this to stay sideways and not turn down. Any consecutive closes for the 30 min time frame above this will be considered constructive to the uptrend and will probably be met will much more buying action.
If there is a turn to the downturn of the 20 and in conjunction with a close below the 50(for the 30 Min.)...that would not be good for short term.
All my opinion only.
Good luck!
SM
Looking from where we came from yesterday... (.0032), a close of .0084 to .0093 would be very positive. Looking at all the info, it would set up nice for the end of the week trading.
Up 272%... down 20%... up 272%... up another 272% close for the week.
Sounds like good math to me.
SM
PS. My feelings would not be hurt if we close today @ .0184 either.
Now that was a nice close for the hour! 10Mil BID came in. Lots of interest in keeping this steady! We back @ .009 already? GO $PSRU!
I only have so many posts per day so I try and save them for when they might count so I hope you all do not get offended by me not responding back to every post.
That said, I got all I was looking for in his response. Not willing to make any specific stance on his thoughts. Just goes with the wind... things going his way he is a 'cheerleader' rubbing it in. Things kept going up yesterday and he acted like he was in the forest and all we heard were crickets.
Like I said, I have only so many posts and can not... nor would not want to... respond back to 'useless' chatter. I gave him his chance to explain in detail where he stood and why. Nothing.
Looks like we are seeing some push to the upside now. Probably will be 'capped' around .0089 for the half hour to the hour IMO. Could stay steady here (.008's)for a while today.
Sm
Only 15 minutes left until go time!
Two consecutive closes in red for the hourly SMA is all is needed IMO.
I see a close around even today... which in my eyes would be great for the momentum of the stock and a great win for all that bought down here in the .007'and .008".
SM
Nebuchadnezzar
I am not sure that I know exactly what you are saying.
Are you saying that buying in the .007's to .008's range is not going to work out anytime soon?
Are you saying that those that bought in the .004's and sold over .01 yesterday did not due well?
If this is what you are thinking, then I ask you where YOU think this PPS is going to end up?
At what point will you admit you are wrong? PPS @ .01 or .015 or .02?
At what PPS would you say that you are correct? PPS @ .007 or .006 or .005 or below?
Just interested in where you are coming from since you seem to have plenty of time to post about this one.
Thanks,
SM