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Good night Darby. me too, in a little while. "The confident mind does not shirk the real" Peace to you---see you at the open.
Let's just buy space on the the cruise ship "The World" and let our families figure out where we are? Peace.
and he died by his own hand,,,some cannot handle success or failure. Our greatest challenge is to stay real and trade within our own strengths. Livermore said he didn't need charts. His mind was trained in a different manner. All could fall, as he did, if we fail to recognize success when it strikes us. I mourn him only because he didn't realize he had finally won. sigh.
You sound like Jesse Livermore. Buy on strength.
All time frames are valid. Everything we see in long term trends are as valid in the short term. That is the beauty of the chart of prices. It doesn't lie. Better than someone elses hopes and dreams! Peace
When I flip, I am looking to increase my number of shares---not going to Vegas. Peace
I apologize, I should have been more specific. My opservation was based on a 60 minute chart. The features I mentioned are apparent to me. I see this a resumption of the trend. Monday was a confirmation, for me, IMO.
Regardless of the new upward movement, .25 has been tested three times and not been breached. We break this resistance, then the market will take us to the new level of resistance. Patience is needed. Peace.
Flipping is dicey. I have done it in the past, but I am leary of getting caught chasing the price up. Self-defeating, IMO. Waiting is good. Let us wait and then do the math. Peace.
Darbyflier, are you still there? I have a great deal of respect for you charting. Do you see this as a resumption of the trend? I regarded monday's open and friday's open as very similar to the "flagpole's" seen during the earlier rise, last month. IMO they look very similar. Is this valid, in your opinion?
amen...got shot down for that opinion, but after losing tens of thousands in any market.. getting real is a necessity..otherwise you don't survive to trade again. On this stock I am a convinced long. It looks great!
I agree about the gap fill. On stocks that trade other than pink you can see this. In my opinion any "gap" is a nonissue. That range was traded on the way down. Again, I watched the open and I waited for this beast to appear and there was nothing to fear.
.25 is the resistance to overcome. Three times it tried to break .25 and each time with less volume. A drawback in price was predictable.
To quote Lefevre : "He that sells what isn't hisn
Must buy it back or go to prisn."
not a prob!
CHDN SSGI PUMA NOBL LFCM STXG
roflmao!
biotechsector.com/?p=70
Looking For Confirmation
The Rat Pack: Traders and Investors are not the only players in town we also have what’s called Market Makers, maybe some of you guys have heard of them. Market Makers are traders as well. They supply liquidity to a stock on a regular bases on thousands of stocks. With penny stocks we noticed especially when a stock is over .50, that a certain group of market makers will come into a stock which we call the Rat Pack These Market Makers are seeing the same thing as many smart traders are when a stock is getting very overvalued based on market capitalization.
We have identified the Rat Pack as follows: CHDN SSGI PUMA NOBL LFCM STXG. When a penny stock especially when it’s over .50, you begin to notice the Rat Pack starts to swarm or move in for the kill. They know and you know especially when a stock is heavily promoted and has a very high market cap they will come in and try to make their money all the time from the short side.
We have seen this on many stocks time in and timeout. So if you see the Rat Pack on your level2 screen starting to show up it’s because there’s a major pump going on and also Traders know the market cap is way out of whack. These guys are smart and will take advantage of it. It’s very simple for these guys to short a stock because of who they are. We don’t have access to the same tools as these guys but we have been told that there are a couple of brokerage firms out there that will grant you to short penny stocks. One of them is Interactive Brokers and the other one is Sink or Swim. You can verify it yourself.
..citation to follow
Good thought. Probably unavoidable. I want a nice boring trip to dollarland without any daytrippers.
True. I was lucky that I had money clear on tuesday and caught that dip. Had more clear today and got into it @.24....Could be the last sub .25 day this month....or ever.
don't you ever sleep?
I have seen the effect of the market, today. I profess to trade the markets. My interest is to have the best position that I can create through my own trading.
For those who profess "to da moon!!!" Get real. This is now a very public issue. Now we are faced with the vageries of the traders. Like me. Those who thought that this week would yield one dollar....sorry. not going to happen...time will tell.
I would like to tell all of you dreamers the harsh reality of the markets. Get real. Trade your positions...increase them. Never forget that you can lose your butt within twenty minutes. My sole interest is that one trader reads this and takes it to heart. It has been said that the true tuition for trading is in the amount we lose. By losing we gain an experience that can't be measured. This is true. Never forget this...profit rules. peace. Jeff
With..... "Therefore, there are actually only approximately 500,000,000 shares available for common issuance" in mind (ty Birdman!) Institutional investors are willing to hold till their perceived top. Good news for us because they can take out alot of shares.
Beautiful......just beautiful!
Hi everyone. I agree with you. Nice support @.19 with a glass ceiling @.20. A breakthrough would be possible today if volume would match the previous run-ups. On my tick chart the steady ping-ponging between the two is a good thing. When we acquire some momentum (volume) it should (could) be impressive. Peace.