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Alrighty then! Even better.
Cool beans! Does this mean I can toss out my eSignal subscription, go buy a telescope and I'll be even more profitable???
Ah.... that's better!
Yes, the games do get to be entertaining... more so when I'm trying to buy than when I'm loaded up.
Probably will get another shot next week. It's ok if I don't though. I'm sure the many more tenured than I won't mind if we just march back up on Monday.
Nice! LOL
The reason I ask is because at 3:52 I placed an order to buy 5000 shares at the ask at 1.97. I chased the ask all the way up to 2.03 with two minutes left of trading before I gave up. I wasn't sure if others came in to buy at the same time I did and we were competing for shares, or if the MM's were covering their short positions with the shares at the ask before filling retail orders.
Sure is "funny" how sometimes you can pile in for thousands of shares at the ask and see the MM's actually drop the price afterward, but then other times they seemingly run away from a 5000 share order.
Did anyone here buy any in the last 10 minutes?
2.05 is the line in the sand for now, imo.
I almost always do! LOL
Yes, see it all the time. The sharks are so many and yet most have no idea.
Back to futures for now. Have a good one.
It's not all phony, but some of it is. I've been watching closely.
All the phony supply on LII is disappearing like magic. When someone goes in to buy any volume MM's raise the ask and make them chase. When they're done buying they'll put their phony supply back in and lower the ask back. Obvious and easy to see. What a game...
As long as we continue to close above 1.78, then yes. Above 1.98 even better, and at 2.20 or higher today even better.
There was RSI divergence at the low today on the interval charts... a very early potential sign of a bottom reversal. Too soon to tell for sure though.
Bear raid indeed.
...if not sooner.
I am 1000% convinced that there is some very determined shorting going on here. There may be a seller and that could be emboldening them, or they could have early info that some big news is coming. Those are the only two reasons at the moment I can think that they'd be pushing this hard.
Legitimate longs who want out of a position want top price for it. If they are smart they will show little size on the ask and not give away their supply. They would keep supply light enough to entice buyers to buy the price higher. They don't reveal 35,000 shares for sale at 1.99 like ARCA currently is...if that is even real supply.
People can cry conspiracy theory all the like. They're either dangerously ignorant or working for those doing it, imo.
These may be of some interest here. I offer them as an opinion with no desire to argue or debate. I am primarily an oil futures trader. Light crude oil is currently up .77 in the overnight session. JBII is currently looking at a small gap up open. At the end of the trading session for JBII I'll post the 1 or 5 minute chart of both oil and JBII to see if any correlation exists today.
Rich
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65205418
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65205777
Thanks Brent. Ditto!
Let it get crazy over there. I like the relative peace & quiet here!
Thanks for bringing my attention to it Harold.
Thank you Zardiw.
JBII & CL 1 minute chart comparison for today...
First up, JBII. CL underneath. They both began their decline at the same time, (10:30 am EST on the blue line), probably as a result of Bernanke beginning to speak at... guess what time??? 10:30 am EST.
Just gotta love that guy. He's making my PM's and mining stocks more valuable!
JBII chart comparison with Light crude oil futures (CL)
Ok, here we go. Top chart is oil futures. Bottom chart JBII. I think the comments on the charts speak for themselves, but I'll add a little more here. The arrows match on each chart, give or take a couple days for the most part, starting with arrow #4. From arrow #6 to arrow #10, JBII traded with more strength, but it still moved similarly up & down with the oil contract. From arrow #10, JBII made a climax move to 4.20 while the oil contract took a dump. And, now that I look at it, JBII traded much stronger than oil from arrow #4 on to #10. After the climax move that occurred right after arrow #10, JBII has essentially been catching up with the drop that oil took which started at arrow #4 on the CL chart.
As for what happens next, I'd say that it's likely JBII has caught up with the drop oil had and that today may prove out to be the climax bottom move of this decline. If the 1.76 low from today doesn't hold, then we're looking at the 200ma on the daily chart at 1.52. I'm not so familiar with JBII's trading at this time that I feel comfortable predicting what could happen, but I'll throw out a couple simple scenarios...
If there are shorts here, (and I believe there are), and they are looking to cover, then watch for a gap down open, a move down to the 200ma and likely below to around 1.47 in order to scare out desperate longs, and then a strong bounce from there back above the 200 ma and back above $2.
If the longs aren't crapping themselves in fear after they look at the stock price tonight, and instead respond with excitement and wire funds into their brokerage accounts tomorrow, then we'll likely gap up at the open. I personally would rather see a small gap down to flat open, then we don't have to deal with the psychology that "all gaps get filled" on a gap up in the morning. If we do gap up, then let it be a small one that gets filled quickly and let's get on with things. I'll go nuts if we gap up tomorrow and don't fill because the JBII board will likely fill up with the usual BS debates about how all gaps get filled. (Most of them do, but not all of them do. It depends upon the fundamentals).
Anywho, I'd like to see a flat open, (indicating we had a double bottom today on the interval charts), or gap down to maybe 1.60 - 1.47 tomorrow and then reverse back up on strong volume to >$2.20 in short order, like in the first couple hours of trading. This will be a good sign that we've had our climax lows and can start looking up again. (The reason for a move back above $2.20 regardless of how low we go tomorrow is because it is the 50% point of today's drop. The sooner and the higher we get above that the prettier this chart is going to start looking, imo.
Yes, this was quite a gift! Tomorrow could be interesting. Gap up above 1.97 and never come back, or gap/sell down to the 200ma at 1.51? I like choice #1 better, personally, but #2 would be ok too. I'll just have to buy more.
BOT 100 JBII Stock 1.89 13:37:52 1.00
BOT 1,000 JBII Stock 1.94 13:45:16 5.00
BOT 700 JBII Stock 1.94 13:45:32 3.50
BOT 1,500 JBII Stock 2.00 12:57:45 7.50
BOT 2,700 JBII Stock 2.00 12:57:53 13.50
BOT 500 JBII Stock 1.87 13:04:40 2.50
BOT 500 JBII Stock 1.85 13:04:46 2.50
BOT 1,500 JBII Stock 1.86 13:05:11 7.50
BOT 1,500 JBII Stock 1.80 13:06:03 7.50
BOT 1,500 JBII Stock 2.00 12:57:45 7.50
BOT 2,700 JBII Stock 2.00 12:57:53 13.50
BOT 500 JBII Stock 1.87 13:04:40 2.50
BOT 500 JBII Stock 1.85 13:04:46 2.50
BOT 1,500 JBII Stock 1.86 13:05:11 7.50
BOT 1,500 JBII Stock 1.80 13:06:03 7.50
No sir. I've got plenty of shares, but am happy to buy more if it dips below my basis at 07.
BOT 49,000 MDMN Stock 0.1321 15:55:14
BOT 41,500 MDMN Stock 0.1321 15:55:35
BOT 9,500 MDMN Stock 0.1321 15:57:31
BOT 1,900 JBII Stock 2.550 13:03:45
BOT 1,000 JBII Stock 2.37 14:23:54
Thanks Harold.
Here are some fib retracement levels for support, imo...
2.25
2.13
1.72
1.57
The two in red are 62% retracement levels... potentially strong support areas.
Picked up some JBII today at $2.55.
No reason to be sorry GG.
It wasn't that the article wasn't legit. If you listen to the recent interview link I put up yesterday, the interviewee mentions that whomever put the story out added some numbers in there that the academics had not.
I honestly don't have a good idea of the when, but I'm sure the political movements of the world will continue to be the signpost.
And by that time there won't likely be the energy available to make doing it cost effective even if they do come up with the tech. Rather ironic, considering a lot of REE's are applied to green energy technologies.
Do yourselves a favor and listen to this. There is a very interesting discussion about rare earths that you are going to WANT to hear...
http://www.financialsense.com/node/5825