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Well ... ocnf went down down down .. just like I said and like you contradicted. How many people have lost money because of you?
Imo there are better plays out there with a better risk to reward ratio.
This thing isnt trading normaly.
and ? is it 15 allready ?
http://stockcharts.com/h-sc/ui?s=ARTX&p=D&yr=0&mn=5&dy=0&id=p81863090990
I used to trade this .. then i found out why this thing is trading so badly. Someone on another board was so kind as to explain it. As a disclaimer: this is all just hearsay.. so read the following as entertainment only.
Their financing is done by Yorkshire.
When there is convertible debt there is often a minimum price against which the debt can be converted.
This means that if i lend you $100.000 that i can chose to either get $100.000 + interest from you OR i trade it for shares that you write. So i trade the debt against 100.000 shares at $1 at some point.
As I said there is often a minimum share price for the conversion meaning that even though the current market price per share might be $0.30 that I would not get shares cheaper than $1.
So if you owe me 100.000 i only get 100,000 shares and not over 300.000 shares because the market price is at 0.30.
The debt construct between ocnf and yorkshire does not have a bottom price. They get shares equal to the outstanding debt at the current market price. So if the stockprice is 30 cents they would get 333.333 shares. If the price is at 10 cents they get a million.
So they short the stock into oblivion. They totally and utterly drive this thing into the ground. Why ?
well ...
at some point they must cover the shares short. So they simply convert debt into shares and use that to cover. The stock dilutes like mad by the conversions.
Stick to realistic targets will you, im in, heck im in big. But there is no need for posts whining about 400% gainers. It's not realistic.
I dont care what you will reply, what i care about is that stock movement doesnt get into problem because of insecure holders that bought into pump.
All the technicals indicate a reversal (check the daily macd pattern, everytime it crosses the stock runs to a higher high).
I cant believe the amount of BS targets people post here. If even a fraction of all the golden promises would turn out to be real then the whole world would be millionairs.
So how is ANX working out for you? Is it $2/3 to $5 yet?
By the way, next time that you decide to react to a post of mine, then I suggest you react to the contents. I wasnt looking for a trading 101 on FDA lotto plays.
It's kinda cute how you were able to extract all that knowledge about me from my single reply. How i'm young, that im a daytrader (err what?) and the cutest of all .. that I apparently do not have an understanding of pharmaceutical companies.
offtopic :
Im in no way interested in a pissing contest.. but I just hope that not too many people were hurt by your overly bullish posts.
Feel free to reply, i check ihub about once a month. Not because im *cough* so busy like you, but because the board quality is just so very very low. Too much hyping, too little sense.
Truthfully, I use these boards to pick exits. When the kids are having a fight over how good or bad a particular stock is, then it's time to do the inverse. Ihub and Yahoo boards are excelent tools for this. When a stock price loses track of its value, then boards such as yahoo and ihub reflect that.
Take a very good look at BQI for instance. You can easily spot the bottoming and that topping out on wednesday.
There is major dilution going on at bqi, this is currently running. So im going to wait for that to end or watch for a definite breakout.
The chart looks really good, technically its very sound, too bad that the real world is mixing in busting the technical (dilution).
Ive been watching for a bottom on this one for quite a while now. It will come and it will make bqi run like a monkey :)
added yesterday at the 1.34 .. expecting some upside momentum related to the upcoming bio ceo meetings next week.
Keep your nonsense to yourself. There is no need for these kind of hype bullzhit posts. Spare the lies and hype for ihub .. oh ... wait ... errrrr
Sure this will go higher, but not like that. You are long and you want a higher share price. Thats why you post such unrealistic targets, you hope to sucker people in with golden promises.
I want whatever you are smoking. Hey why not claim that it will go to 50 or .. or ... OVER 9000!!!!
Your post is just littered with pumplike statements. Kinda pathetic. Comparing it to other companies, claiming institutional traders are loading up, etc etc.
Keep things realistic. And as it stands now its not even going to the $3 you posted earlier.
kick azz volume now. Very nice!
This is indeed looking proper. Looking for a decent gain to double based off of the equity to market cap difference. This one is looking to reverse for the longer term and it will present some interesting scalping opportunities.
Check the baltic dry index for signals that the shippers will romp. The baltic dry index is the index that kinda dictates the shipper rates. If that goes down, so do alot of shippers and ofcourse .. the other way around.
OCNF has been consolidating for a while now and it broke the 1.01 resistance with volume. Looking for a test and run setup.
it fell through support lines
The fundamental setup has changed.
The run up resulted from positive court rulings. That was the trigger. The court rulings were related to contracts.
Now we have a downmove related to 2 factors. The stock running out of steam and the cancellation of contracts.
The cancellation is what fundamentally changes the mesa play.
Any reference to "this used to be at price XYZ only months ago" is void of any validity.
Im watching this one waiting for a technical move, this might take a long time. This isnt a long hold anymore, not untill the renewed valid uncertainties have been solved.
Very usefull post, insightful and backed up with proper dd.
Pumping only screws up the natural movement of a stock
The chart is looking better and better btw for a nice scalp of about 3 to 4 cents.
yeah its at support, adx is below trending so we might see a bounce. But i dunno how increasing oil prices will affect mesa. Also the market is topping out bigtime. With mesa so close to support and the market crapping out (it will the next few days) I really dont know how it will react.
ok then not. i;ll just stick to the charts.
burp
here is a chart
http://rt1.t.prorealtime.com/ProRealTimeNew/tmp/img_12557174751499.gif
imo this is close to breakout, but there is a HIGH chance that this will go to 0.03 first.
Pump and Dump Schemes
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
Pump and dump schemes often occur on the Internet where it is common to see messages posted that urge readers to buy a stock quickly or to sell before the price goes down, or a telemarketer will call using the same sort of pitch. Often the promoters will claim to have "inside" information about an impending development or to use an "infallible" combination of economic and stock market data to pick stocks. In reality, they may be company insiders or paid promoters who stand to gain by selling their shares after the stock price is "pumped" up by the buying frenzy they create. Once these fraudsters "dump" their shares and stop hyping the stock, the price typically falls, and investors lose their money.
http://www.sec.gov/answers/pumpdump.htm
hmmm .. looking wierd. Its stuck in between the daily smas. Im gonna put off adding back my scalp shares for now. Need to get a clear signal first.
MACD is vital along with OBV
MACD indicates trend just make sure that the slow line is well above 0. Also make sure that new highs in price do NOT have lower highs on the macd. That means that the new high was not with strenth.
When the price drops hard, the macd still is above 0 and the OBV isnt dropping then the stochastics can be used to signal a bounce only when the price is at support.
Weekly cahrts are vital
buying at resistance? And you think that is smart? Either buy a retrace or buy a breakout. This is a good way to lose money.
On the 30 minute chart there is the 200sma around the 0.273 .. the price has been hugging it all day. This is pretty big resistance.
That must be taken out asap or we will drop.
There is proper support on the 0.26-265 area in the form of a channel support.
Kinda wierd that the volume today was this light.
The dump was related to the possibility of nasdaq delisting, their deadline ended the 2nd of Oct.
Total and utter BS.
There is no golden theory that works, there is no one formula. The buy and hold is a flawed mechanic that in no way delivers a 10% gain. The drawdowns and inflation have never been taken into account. It would have taken someone around the 1930s over TWENTYSEVEN YEARS to break even using a buy and hold.
With proper trading the buy and hold strategy is utterly useless.
If you believe that it's wise to buy and hold a falling stock (im not referring to mesa, i mean this in the general sense) then that problem will solve itself soon enough. It's called an account wipeout. But hey its good that there are people willing to load up on shares when we are trying to get rid of the shares.
(again not referring to mesa)
The stochastics dont allways show oversold or overbought when below 20 or above 80. It depends on the measure of trending. In a stronger trend the stochastics can remain in overbought and oversold for extended periods of time.
Perhaps an idea to add the Directional Movement indicator (ADX) to the charts to decide whether or not one can reliably use the oscilators such as stochastics.
Also im missing the weekly chart here, that shows another support at 18 cents.
PM dump, news?
Just look at the technicals and the intraday charts.
If the breakout is clear then get back in, wait for some buying pressure. It has to break the interday downtrend before one should take an intraday upmove seriously.
Then draw in resistance lines, those are guaranteed to give you at least 2 to 3 cents scalping range in a day.
If unsure, then juuust wait for a breakout and confirmation. Untill you see proof that people are buying, that the stock is decisively moving up.
for what its worth, mesa has broken down from its channel. It will have to confirm tomorrow. better to wait for buyer strength before adding here. No need trying to catch the bottom, let the bottom form and buy with confidence.
Orrrrrrr you just have patience and dont hype a stock. As allways the best healthy moves are steady and not spiked.
Mesa is at support and personally id like to see quality holders in here and not emotional chasers. Not when the stock is right at support. Overreactions to the upside will result in overreactions to the downside. Such downwards moves can do long lasting damage if support lines are taken down.
40 cents is not a logical price. 39 and 44 seem better targets.
short term 29 31 and 35 are resistance.
Im guessing 0.29 will be the usual bitzhfight area. 0.3 might be a transition area into a wedge where the price might pingpong between 30 and the lower support.. but i doubt it. in the past 30 has not been a problem. its more the 29.
30 will be the obvious area for a 2 cent retrace which would correspond to a nice 1k scalp :)
It has to be said that the ADX is making lower highs while the price IS making new highs. This is negative price divergence and im not really used to this pattern, so cant guess what that is telling me
All in all the trend looks healthy, higher lows higher highs.
Even with these mixed signals I am strong bullish here for this is very undervalued and mostly due to the usual dead giveaway of price retrace wihtout confirmation by OBV.
This thing is a bloody ATM machine WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
even though the ax is showing negative price divergence I dont think this will retace down that far.
MACD is turning red as well, but its not unlikely that prices can increase even though the macd is turning down (as long as its strong above the signal line).
ADX is clearly trending, RSI is also in the upper range (yes ofcourse it went down due to the down days, but it didnt drop below 50).
the reason why I think that 0.15/0.18 is out of the question is simple, have you seen the weekly chart? Not only would those price be below weekly support it would also bring the rpice far below book values (worth)... not gonna happen,
intereting days coming next week
Clearer chart:
weekly chart - check the MACD on this one hmmmmmmmm
JP Morgan sees improving fundamentals in Airlines space, shuffles ratings
JP Morgan believes fundamentals in the Airlines sector are improving, and demand, although weak, was better than feared in July and August. The firm upgraded UAL Corp (UAUA) to Overweight from Underweight, believing sentiment on shares will improve as the company begins to raise capital. JP Morgan also upped its rating on US Airways (LCC), to Neutral from Underweight. In conjunction with these upgrades, the firm downgraded Airtran Holdings (AAI) and JetBlue (JBLU). In addition, JP Morgan upgraded its rating on Airline sector credit to Overweight from Neutral, reflecting the firm's improved outlook on the space. :thef
Theeeere we go .. chart was hinting movement :)
it's done to coax people into chasing. Same thing happens when they drive the price down on only a few shares to scare people out of shares. In after hours the spreads are alot broader.
Allways check nasdaq.com for AH and PM volumes.
You mean the technical selloff on volume that wasnt able to move the stock more than 1 cent ?
haha! Im sure you will! Those were some sexy gains.