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Wow!.. we've barely taken a breather.
It's funny you should say that because I had a $10 entry target that I'm kicking myself for allowing to pass as long as I did.
It really looks overbought now but with the strength of the last few days i'm not sure it's done yet. We may see some consolidation but that was a huge move with some serious money piling in to NVDA. Clearly the market likes the prospects for the Tegra 2 chip.
Looks ripe for a breakout. All we lack here is volume to crush our 200ma ceiling.
C'mon LNGT! Just give us a delivery PR and a followup sales PR with figure$
That makes a lot more sense. I'm curious to see how high this news will take us. Today's strong close made it look like 19.33 is just warming up.
Well you missed that prediction pretty royally.. along with the biggest move and highest volume NVDA has seen in years.
hope you were joking..
Yes. But probably not a good idea.
You'd be better off with a limit order on OTC and pinks because the MMs can use market orders in all kinds of creative ways. They guarantee you'll get a buy or sell but you can't cancel them and the MMs will execute at pretty much whatever price they feel like giving you. And if its a big enough market order then you could bring a good stock down hard as they scramble to drop the bid in order to grab your shares for as cheap as possible.
But what do I know..
A smart buy on your part.
It may not be so much suspicious as it was annoying as hell to watch. I had a limit order open for several days at .28 and then watched a pile of orders executed at .274 ish and below. It even closed at .27 while my order sat in the corner with a dunce cap. It wasn't even AON. Then Zecco gives me some garbage excuse about market order priority and low volume.
Zecco dropped the ball for me yesterday so I was just venting. I think jacktrades had it right when he said you get what you pay for.
Nice grab though. No doubt those 27s will pay you back soon enough.
POWN
Well.. Zecco gave me an answer.
Their reasoning for bypassing our limit orders @ .28 yesterday amounts to... "if your order doesn't hit the ask price then we can execute at our discretion.. and ..market orders always take priority"
So it looks like either every sell yesterday was a market order or the MMs at Zecco are royal scumbags.
POWN's price reaction today doesn't look like we'll get another stab at the 20s this year. Nice solid base at .30
At least we're trending up again. It suggests we have something more than another episode of MoneyTV to look forward to in the near future.
This isn't the first time they've stalled an order but certainly the first time they've flat out ignored it. I always try to put in some stink bids on my favorite plays this time of year in hopes of catching a few loose shares but came away empty handed today.
Oh well.. there's always tomorrow and POWN will spring back in no time. Too many good things in store for 2011 to worry about this dip.
Exactly!! I just wrote a complaint to Zecco because multiple buy orders that I have above the executed prices are being completely ignored.
Looks like they are intentionally bypassing orders to drive the price down. It's pretty disgusting.
I got POWN'ed
This run seems to be the spitting image of the last run that we saw here earlier this month.
If the daily pattern holds true and this move isn't based on some kind of news then we should settle back into a slightly higher trading range in the .06 to .065 area before making an attempt to break the 200ma. May even get a brief dip back into the 05s if we have some weak knees among us.
The chart is definitely looking stronger and it looks like we'll get another shot at a strong breakout sometime in the coming weeks. I'm surprised that our resident poo slingers haven't shown up yet to try and knock this back down. They are usually pretty predictable.
C'mon LNGT sales news!! Make me feel like a pink charting fool!
Ha! The Mean Beam face definitely brings back some memories. I used to have Mr Yuck stickers on everything so I hear ya bud. As cartoonish as it may be, sometimes the simple stuff is the most effective form of branding.
Well volume is definitely picking up and there seems to be an urgency to get in with people hitting the ask over the last few days. Seems more and more like some sales related news on the way but I don't want to get my hopes up too much.
Hopefully Mr. Yuck will lead LNGT longs to good fortune for the new year.
Nice strong close. Hope we get some news to help justify it. Seems like an odd time to buy if it wasn't based on something more than a technical move.
But who knows with this one anymore...
GO LNGT!
Nothing meant by that.. it just always seems to suddenly drop below the bottom bollinger just before a spike back up to the top. It usually amounts to the potential for around 80-100% gain if timed well.
For example.. We had 7 days of a slow crawl from .05 to .055 and then a single day drop to .044 followed immediately by this rally back to 07. All on low volume.
It's just an observation of a pattern we seem to have with LNGT. If anything, the bottom bollinger is a good buy indicator here. I'd love to see some news but I don't think that's what is driving this move. Looks more like someone having fun with our trading range.
It's interesting how this always seems to get beat down for no apparent reason just prior to a run.
Several orders waiting on the nellies to scare a few my way. ;)
I don't really think they'll get filled but we'll see what happens.
Agreed. Many willing to let it relax a bit before the launch into full trading again next week. Too many flippers trying to give this a haircut today to worry about propping it up. I would think we'll see some EOD loading on the anticipation of monday merger news.
But isn't that part of their strategy?
no FUD is no FUN
Ha!! A well spun jingle indeed.
I'd claim to believe but you'd think i'm on weed.
lol. No doubt! Tomorrow is going to be a wild ride.
Sell low.. buy high..
stupid is as stupid does
Weak shake. Give them nothing!
VYGO
These MMs are pigs. They are just sitting on ask orders twiddling their fat fingers.
such drama..
its no wonder you're bitter
Clearly your last investment strategy didn't work so why would anyone want to take your advice?
You would have to prove that the intent was to mislead others. And good luck with that.
With the amount of manipulation happening on OTC stocks daily, any retail investor attempting to fight the MMs by stacking bids would be completely insignificant to the SEC. Besides, that would be a fruitless effort for most unorganized retail investors anyway.
lol. despite your efforts
Looks like a lot of sharks in a bloody kiddy pool here
Spittin image of another VY** play
Wow. Nice close here. GG
Gap, drop, and run style fire drill tomorrow?
If only someone would buy us back up to 35 and make our seller at 30 feel silly. Or just go ahead and sell me some 27s. I'll be happy to take them off your hands.
POWN
I totally agree with you. Not dismissing bid support at all. Sometimes it just seems like we're all sitting on the same number and stagnating when we've got quite a few on the sidelines just waiting for POWN to pick a direction.
Patience isn't my finest quality ;)
I suppose I should just enjoy the opportunity to load the boat.
Much better
Now everyone here needs to spread the word.
Go POWN
Anyone else care to slap the ask before we close? Closing above 35 would really help show strength for POWN on a slow tuesday.
Figured that would happen.
Can't blame them though. At least its volume. We need some of that to encourage the fence sitters to get off their keisters.
POWN
Now we just need to encourage people to quit bid sitting and scalping it for a penny here and there.
Buy at the ask... sell at the ask. Nothing less.
POWN'd!!
Done deal bud. In it to win it.
Go POWN