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Same here.
BxA gap is too big. Not enough pressure
Understood. I find it odd that many of these companies seldom update their web pages with current news events or goals/achievements.
It obviously wasn't down so they could update it. News page hasn't been bumped since January.
23x24 2x2
23x24 2x2
One would be a fool not to take some profits at this point regardless of where they entered. Sell at the ask
Oh my Lord...18. Someone get my nitro pills
As much as I'd like to grab some .01X's, I'd rather this moved in an upward direction.
Unless we see a substantial increase in volume the MM's will fill the gap.
Ah, Good point, Thanks Kharl.
Indeed, the bulls are in command. Good to see the wackers aren't getting many either.
I disagree on the next resistance. I believe it is at .033. That number has been tested twice now.
File all that under "Market fluctuation".
Look, I don't pretend to know everything about markets, trading, stock analysis, etc. and if I could predict the future I'd be a weatherman.
What I do know is that as a stock increases in pps, there is at some point, retracement.
Difficult to say where it's going exactly, my crystal ball is in the shop for repairs.
Today is a result of profit takers and panic sellers. Before the news yesterday, this was trading at 17. Probably where most of these people got in. They held today to see if it would keep moving up today and when it didn't, they sold at the bid causing the pps to drop, which in turn caused others who would normally have held to sell also. That is why it's where we're at now. Cause and effect.
Throw in the wackers and traders selling at the bid and it will not be able to sustain itself.
What this needs is a better class of trader. One who buys and sells at the ask.
Yes, some of the locations are in and around Columbus and Cincinnati. Anyone else find anything that fits the PR? It does say "expanding its product distribution and marketing to 69 stores in the Midwest" and "a 69-store chain in and around Cleveland, Ohio".
Nice work Roman.
Actually, I did, counting the corporate address. Let me do it one more time.
http://www.discount-drugmart.com/storelistall.asp?#
You very well may be right, they do have 69 store locations in the Cleveland area.
Dang it, you weren't supposed to see that. I posted the wrong link. Still trying to deduce which retail chain it is...
Wish I could stay here and idly chat, but it's been suggested that I go do some productive work and DD...
Sounds good Fiji. Guess I'll bail too. We'll pick it up again in the mornin. Tomorrow's a brand new day. See ya
Tell me about it. I was almost in disbelief when I saw those 17's come up. Damn I wished I'd been able to dump something and free up some $
You, know, I hadn't even looked. Word-of-mouth is the best advertisement.
Exactly. The one thing this has going for it that it ISN'T a pump n dump. There's a SOLID product and company to back it up.
Dips are to be expected especially after a substantial increase in pps. Profit taking will always occur, but without new buyers or new $ coming in, it will be difficult to move up steadily.
No doubt. We need a steady, daily increase in vol and pps to maintain a balanced progression and pressure on the sellers.
Of course, that's all subject to change. We could find new res as it moves up but I feel they would be few.
Hey Fiji! There IS someone else in here!
I agree Fiji. We need to have substantially more volume on this one. I would say over 5m?
From what I see at this point, after the .033 res the next aren't until .04 and then .0475. From there it's wide open to .08. Anyone else see anything different?
LOL! Too funny. We'll have to be up early and load the board with posts. Right now the HESG board is kickin our a$$
ECHO....echo....echo....
I'd like to see it hit .185
I have considered that scenario. I suppose, by releasing PR's midday, they reduce the effects from flippers and the subsequent panic selling when the pps drops too rapidly.
HAHA! "No wackers". GL with that! Seriously, I agree but it WILL get wacked. I just hope the serious and experienced traders will do the right thing and keep the momentum moving.
Then again, if the MM's start to play their games...
It's quite possible, yes. My point is that after the last 2 days of trading between .019-.022 and the decline in volume, they could have released the PR before hours today (rather than midday) and MAYBE it would've had more room run and close at or above the .03 resistance. Maybe.
Imo, these midday PR's are not fulfilling their complete potential. Anyone?
We did make #49 on the Breakout Boards
Hold onto your butts...
I concur
I hate wackers. Trying to save $15 on a $500 trade and actually kill the run, costing themselves $150...