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I'm still in, I am just not active posting when boards get all irratic. Its annoying to make posts when there are screaming kids around. God forbid that I would post something bad about the stock, now that would be a whine fest. So hammer, just put me on ignore or something. Your posts arent usefull imo. You are going onto my ignore for now.
When it is possible to post without whining or overly useless agreeing/disagreeing then I'll post some more.
Just look at the price behaviour and activity on forums. So am just sitting back till peeps just forget about this stock and then it's time to load up again.
So hammer, just leave me out of your childish rants. Such posts are a waste. Goodbye.
Just take all caps posts, illogical conclusions and "omg we WILL head through XYZ" or other 'truths' as exit signals.
The more a stock gets hyped, the more the quality of forum action and more importantly the average stockholders deteriorates. Holders with less sense, more emotions and more often than not that have anxiety after buying a top.
Are you really trying to say that a short squeeze of 2.5 million shares was what drove mesa from 0.17 to .30 on an average daily volume of 25 MILLION shares per day? That means that in those 3 days the "shorts" could have covered 30 !! times and then some.
Shorts have noting to do with it.
in the first 3 minutes of the weekly chart breakout were enough to cover all those shares. Those 3 minutes moved the price ohh maybe half a cent ($ 0.005)
I will just stick to my theory that we have witnessed a total and utter euforia rush that atttracted tons of volume from people that had no clue what this stock is about. The chasers that just bought in after the stock ran up alot. The kind of peeps that buy tops and sell lows.
I have a feeling that mesa is tracking the market atm. So that might be usefull for scalping bits and pieces.
Posted alot earlier about how a stock starts to mimic the market when a more diverse group of holders are present. Quite annoying imo. Quiet boring moves as in market independent.
IA Global Announces Delayed Filing of Form 10-Q and NYSE AMEX Deficiency Notice
http://www.yachtchartersmagazine.com/node/1077303
By: Business Wire
Aug. 19, 2009 04:15 PM
IA Global Inc. (NYSE AMEX:IAO) (the “Company”) announced that it would not be able to file its Form 10-Q for the three months ended June 30, 2009 as required by August 19, 2009. This delay is due to the late filing of its Form 10-K, which the Company expects to file on August 21-28, 2009, and the late and incomplete receipt of June 30, 2009 financial records for Global Hotline and Taicom Securities Co Ltd. The Company expects to file the Form 10-Q on approximately September 3, 2009.
Preliminary Results for the Three Months Ended June 30, 2009
Preliminary results for the three months ended June 30, 2009, before any potential audit adjustments related to the filing of the Form 10-K for the twelve months ended March 31, 2009, are as follows:
Total assets- $29-$33 million as of June 30, 2009
Total liabilities- $26-$27 million as of June 30, 2009
Total stockholder equity- $3-$6 million as of June 30, 2009
Sales- $11-$13 million for the three months ended June 30, 2009
Net loss- $1-$2 million for the three months ended June 30, 2009
Additional details will be provided with the filing of the Form 10-Q for the three months ending June 30, 2009. The financial results are subject to adjustment.
IA Global, Inc. Announces Delay In Filing Of Form 10-Q And NYSE AMEX Deficiency Notice
4:15pm EDT
IA Global, Inc. announced that it would not be able to file its Form 10-Q for the three months ended June 30, 2009 as required by August 19, 2009. This delay is due to the late filing of its Form 10-K, which the Company expects to file on August 21-28, 2009, and the late and incomplete receipt of June 30, 2009 financial records for Global Hotline and Taicom Securities Co Ltd. The Company expects to file the Form 10-Q on approximately September 3, 2009.
TEN-Q AND TEN-K .. dont mix it up :)
Very valid point on the stochastics. One will do to know the formula by heart (well at least the first part of it).
there are some interesting results.
When a price movement is absolutely flat the stochastics stay flat as well.
But did you know that the same thing happens with angled increase? Meaning that when the stock gains 1 cent every day for eternity.. the stochastics will be flat.
So take the same candle repeat that same candle every day, but increasing the position of that candle with 1 cent as well.
think about it. It has to do with the look back period, the lows and the way a candle is defined using HLOC.
a stock can increase every day and everyday the stochastics would be oversold.
There are many loopholes in many technical indicators :)
Knowing that helps alot to identify when certain manipulated bearish pricemovement is bullish or not hehe.
anyhoo im glad to see the board is dieing down a bit. In due time we will see a sensible move up.
Totally forgot to check the daily charts. We closed above 200 sma daily right? Today would be the confirmation day.
BTW the 200 sma is flatlinig after a descent. So that bodes well for trending.
Volume isnt all that great though.
Meet the king of techincal trading books
technical analysis:
Technical analysis (Magee) http://rapidshare.com/files/163396934/Technical_Analysis_of_Stock_Trends-8th__20Edition_By_Edwards_AND_Magee.rar
STUDY THIS .. like there is no tomorrow. Understand it.
Then there is a book by kirkpatrick - techincal indicators or something.. I read that book 9 to 10 times or so. Wrote applications to test the formulas of the indicators. What happens when the price is flat, goes up or down at a steady rate, what happens with parabolic movement etc etc.
http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0131531131
This is that kirkpatrick book. That book earned me thousands. Not for the faint hearted though. Will be missbuy for most. Check google.com/books first.
Trading in general
* High Probability Trades (Marcel Link) : http://www.4shared.com/file/78158071/969e1760/High_Probability_Trading_Strategies.html?s=1
* Welcome to my trading room (Elder): http://www.4shared.com/file/26362749/cb2d9492/Elder_Alexander_-_Come_Into_My_Trading_Room_-_A_Complete_Guide_To_Trading.html?s=1
* The little book that beats the market: http://www.4shared.com/file/54590478/f61bede9/The_Little_Book_That_Beats_the_Market.html?s=1
* Entries and Exits (Elder alexander): http://www.4shared.com/file/64271691/86c642f2/Alexander_Elder_-_Entries_And_Exits.html?s=1
* Trading for a living: http://www.4shared.com/file/19926906/96de04f6/Elder__Dr_Alexander_-_Trading_for_a_Living1.html?s=1
* Trading in the Zone (Mark Douglas): http://www.4shared.com/file/37472626/46b25690/Mark_Douglas_-_Trading_in_the_Zone.html?s=1
* Market Wizards (Schwager): http://www.4shared.com/file/58753732/2dc9f63a/Jack_D1_Schwager_-_The_New_Market_Wizards.html?s=1
* Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders (Curtis Faith) : http://www.4shared.com/file/96526796/1fed3992/Way_of_the_Turtle.html?s=1
* trend following ( Michael W. Covel ) : http://www.4shared.com/file/88642046/b52f3ac0/Trend_Following_-_Michael_Covel.html?s=1
* A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Bennett A. McDowell) : http://www.4shared.com/file/65275072/acd4de97/A_Traders_Money_Management_System_How_to_Ensure_Profit_and_Avoid_the_Risk_of_Ruin.html?s=1
Swing trading
* The master swing trader (Alan farley): http://www.4shared.com/get/26360270/351e7595/Alan_S1_Farley_-_The_Master_Swing_Trader.html
* Momentum, Direction and Divergence (William Blau) : http://www.4shared.com/network/search.jsp?searchmode=2&searchName=Momentum, Direction, and Divergence
* Pattern_Cycles_-_Mastering_Short-Term_Trading_With_Technical_Analysis (Alan farley): http://www.4shared.com/get/18997017/9e08636e/Farley_Alan_-__Pattern_Cycles_-_Mastering_Short-Term_Trading_With_Technical_Analysis__Traders_Library_.html
* Swing_Trading_20_Rules (Alan farley): http://www.4shared.com/get/26207186/80686c8a/Alan_Farley_-_Swing_Trading_20_Rules.html
* Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups: http://www.4shared.com/file/65207787/464034c9/Mastering_The_Trade_by_John_F_Carter.html?s=1
Technical trading
* Technical analysis of stock market trends - 9th edition (Edwards, Magee)
* Technical Analysis (Kirkpatrick, DahlQuist)
* Chart your way to profit: http://www.4shared.com/get/61888692/1334c7d2/Chart_Your_Way_to_Profits_-_The_Online_Traders_Guide_to_Technical_Analysis_-_0470043504.html;jsessionid=D659613348192D39ABA0045A41A26CC1.dc137
* Encyclopedia of Candlestick Charts:
* A Complete Guide To Technical Trading Tactics, How To Profit Using Pivot Points, Candlesticks & Other Indicators (John L Person): http://www.4shared.com/file/23300582/84bfc4f4/Wiley_-_A_Complete_Guide_To_Technical_Trading_Tactics_How_To_Profit_Using_Pivot_Points_Candlesticks__Other_Indicators_-_John_L_Person_-_2004.html?s=1
* Encyclopedia of Chart Patterns
* Japanese Candlestick Charting Techniques: http://www.4shared.com/file/32562168/642d7da4/01_Japanese_Candlestick_Charting_Techniques_Second_Edition_-_Steve_Nison.html?s=1
Fundamental trading
* Security Analysis (Graham, Dodd) : http://www.4shared.com/file/48029557/44f7d0f/Benjamin_Graham__David_Dodd_-_Security_analysis.html?s=1
* The intelligent investor (Graham, Dodd) : http://www.4shared.com/file/17137343/b6ff074e/the_intelligent_investor_-_benjamin_graham.html?s=1
Options
* Getting started in Options - 7th edition (Thomsett) : http://www.4shared.com/file/57992895/f31057d3/Wiley_Getting_Started_in_Options_5th.html?s=1
Bear markets
* Bear market strategies (Harry D Schultz): http://rapidshare.com/files/206366684/Harry_D_Schultz_-_Bear_Market_Investing_Strategies.pdf.html
* Crash Proof (Shiff): http://www.4shared.com/file/59324723/51c45ae6/SCHIFF_Peter_D_-_Crash_Proof_289p.html?s=1
read PDF files using:
http://www.adobe.com/nl/products/reader/
PROBLEMS WHEN USING ACROBAT READER:
Adobe reader has a feature that automatically looks for updates, this mechanism is rather broken and it will slow down your computer.
open the install folder of adobe reader, that is probably similar to
C:\Program Files\Adobe\Reader 8.0\Reader\plug_ins
Where in my case I see reader 8.0 since im using the 8.0 version of the reader. When using other versions that number will be different.
Look for the file "updater.api", right click it and select rename. Now change the name and press enter.
The file cant be opened by the reader and thus it wont start to slow down your computer.
Chart reading is essential. There are patterns that get confirmed using technical indicators. Highs and Lows are callsed pivots. You should not look hard for em, they should be obvious. Then use trendlines and moving averages as your guide to future movement.
When certain levels are touched (like the top of a "wedge" or "ascending triangle") then you use all kinds of techincal indicators and volume to decide whether or not we will get a breakout of that resistance line or not. Intensity of price movement is imporant as well then. L2 will give alot of hints on the resistance.. will the current buying pressure take out all that resistance before the moving averages catch up with the price? If not and the volume is faily low then one can decide to sell HALF or so of the position.
All this logic works exactly to the oposite on the downside.
Why did we break up this morning? It all has to do with the moving averages. Look at the intraday moving averages yesterday they were all close. That means massive resistance.
This morning we saw a sharp spike down which basically spread out the moving averages *why would that be?* . So the price could take the moving averages one by one.
Volume analysis is important as well. Not only the trading volume, but also the types of owners of the float. Are the holders high quality holders or people that enjoy typing junk with the caps lock on. Is the main type of holder emotional or not.. if so play contrarian. BUT ALLWAYS BACK IT UP WITH A CHART!
And allways and I mean allways use multiple time frames.
Just for fun you should look at the weekly timeframe and open up a symbol of the SPY (index ticker for the SP500)... you will then see that all the news on tv is BS when they say that "investors sold off due to bad expectations in the market".. whatever, the chart tells you something else.
Charting is essential but not exclusively. So if you want to scalp out shares you should REALLY start with charting. And spend a good deal of time on it.
BTW another good way to support your suspicions is lookig at the rate of change on the stock. Does the price move fast or slow. Compare it with the movement of a Sine wave. (no im not saying that its a trading pattern). But notice how as the time moves from left to right that the distance traveled up or down slows down and speeds up. When the price movement slows down it will mean that the moving average will catch up with it.
I think your capslock is on. Just a guess though.
and you might want to read this
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40647902
Let me put it like this. Who the heck are you to shout at someone that has been scalping this since the second the lawsuit results came out. I dont know if you have seen what the stock has done from then till now... There are loads of peeps here that put in alot of effort into this stock and the dd around it.
Just hush up and read back to understand the play instead of overstating the obvious. Some of us here cant make a loss unless this stock decides to the sub zero values...
But congrats you actually managed to peeve me off. So my appologies if this post comes across as arrogant.
Thanks for being a tool.
There we go. Mesa attempting to find suport on the 1 minute 20-sma. Lets see if that holds. 50 is next. Then a small downmove. After we hop over the 50 and the 20 again we will go for the 200 sma.
Will be a tough cookie to crack but we'll get there.
Just wait for the default stock bashing posts as your buy signal :) Gotta love being contrarian.
yer, fibb retrace. Only issue is that there is no real clear support on higher timeframes. There is a clear downward resistance line on yesterdays chart. That needs to be broken for a reversal. That starts with loosening up the MA's
nah .. did you check nasdaq volumes? That low was 300 shares. Just manipulation.
When everone expects this to tank it wont :) Gonna add back my remaining scalp shares today. Moving averages were too tight on the downmove yesterday, tough resistance. With a gap down open we will get a spread out of moving averages and enough breathing room to break through em.
Let people sell, its emotionally selling and not related to fundamentals.
I find it hard to chart when there is "news" involved. We havent seen it yet, but we do notice the anticipation of it.
Previous days seems to be positively biassed. But I remain at my stance that most of the spikes in the past were PURELY technical.
Anyhoo, I wouldnt have added my hold if this looked crap :) Might be worth it to make some quick scalps of $1k a piece. Gonna scalp for priofif and not to increase my hold just yet. Need more DD for that. Did the same thing with mesa, worked out swell :)
Volume, the flirt with resistance and the obv are all hints that this might be a mover.
Why is it a must? Perhaps a WANT, but why a must?
We still have more than enough chasers to shake out.
Im seriously glad that we have a pullback. The way this was moving was like giving steroids to a kid.. it totally messes with the natural growth.
Red back posts .. I posted on this multiple times weeks ago. It's so damn predictable. I might not have been trading for all that long, but this is a totally predictable pattern. As long as the overall major trend is still pointing upward it means that we are still going up. But the bigger the overreaction to the one site the more voilent the down moves are.
The more energy we pump into a stock the more violent the reactions... up to the point where the overreaction is so strong that it breaks supports (which happened right after we hit 30).
Now we just wait for the chase float to flip and scalp the spikes. This is THE time to get free shares. Yesterday added over 25% free shares to one of my holds... over 15k shares in total for free, just because people chase and make this stock insane.
Did the company change due to the price rise? Was there horrible company news the second the price hit 30 cents? Or could it just be that 30 is a mental barrier that leads to profit taking -> leading to loss for the chasers -> leading to pain and anxiety -> leading to selling pressure?
So what I mean to say is: This is a good opportunity to go long .. but time your entry well. There might still be downside
ok this is looking might fine. Thanks for getting me on board and damn sweet dd all around.
If we close at this 0.053 here we close above a crapload of moving averages on multiple timeframes. Very bullish !
Wheeeeee added back some. Amazing 26% free shares on this lot :D
5 minute candles are showing improved volume. Last 7 candles were good. Was rather flat before that.
haha ok. I wat thinking it was childish leet speak :)
this kind of stuff
http://randazza.files.wordpress.com/2008/08/lulz.jpg
BTW weekly OBV is gonna try new HOD soon
Stochastics curling up
RSI nosing around near the 50 level and seems to be rising.
Chartwise this is looking good.
Notice how on the weekly chart we now will close above the 20sma
1 move up will
- be breakout of the falling resistance when you interconnect 2007 april high to 9 august high (both on weekly chart)
- take out the 50 sma as well
thank you for making sense.
last bits of my position are dripping in. Nearing 100k hold. Crap to add on an upday though.
Big blocks selling, they might want to slam it down before spiking again
Not expecting such massive volume today tbh.
It was my buy smarty ... My OWN buy. Nothing short covering. MIIIIINE .. Posted my mistake down here.
haha i know i know .. just having some fun :)
I wonder who that idiot was that bought at 0.05 lol!
Market orders make wheee cry :)
Congrats peeps, nice steady gain. What a madness this stock :) Glad that the closes arent all that insanely high, that would really ruin the stock movement.
the more reading about it the better its looking. Would have been nice to have kicked off at a lower price though haha.
I meant that MM sold me for max price :)
And that was the shakeout. Those things are allways scary, pushing it down juuust too much. With such pricemovement hard to keep in mind what the play is about.
The order sizes cant be trusted. When someone posts a 100 sized order at 10 cents it might have been a sell 100000 at 0.09
shakeout :) Load up cheap shares.
yeah, cant readily use sub penny orders how suck is that. Have to specifically request to trade sub penny .. for EVERY stock i trade.
Sub penny should be activated in a day or 2. Then I will add my hold.
Scalping the price down isnt that hard
added 25k and got screwed on the order .. sigh. Oh well. intention is to add more when it moves down.
Dunno if we break the 30 today. Which is kinda good because that means PING PONG time.. scalp scalp scalp. Gimme your shares mr pennyflipper.