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I am done answering your questions, you don't listen just argue pointlessly. You have been provided with facts, links, reference material, even firna data, but still you want to argue senselessly I really do not feel like engaging you in another pointless discussion. Read the facts or leave it alone.
liable, your posts have been entertaining here on this board, and I wish you the best also. I hope you have some protective stops in place so you don't get caught in the short squeeze next week as the pps begins to rise. Good luck to you!
You seem to argue a mute point, it has been proven to you over and over again, but you choose to ignore the facts. I wish you the best and hopefully you have some protective stops in place on your short sells next week so you do not get caught in the short squeeze as the the stock begins to run up. Good luck to you.
I think we can understand your concern here. If I were short on this stock I would start to worry also, maybe even try to convince everyone that the stock is doomed. Your best bet is to at least have a protective stop in place so when the price begins to climb next week you can cover some of your losses. I think we all know this stock is headed for a huge run over the next few weeks, it would be foolish to continue holding short positions at this point.
I agree, AVTI is just getting started and the short sellers on this board will be forced to cover, thats when the real fun begins. Looking for some nice action next week, a lot of anticipation over PR's and when the shoes go on the shelves. Going be a nice ride between now and mid September! GLTA
That means nothing, the majority of the day was spent in the 8's, who cares if the MM's shuffled the price EOD, they obviously wanted a green close for a reason, proves nothing. There will be plenty of green days ahead, no sense trying to cause doubt anymore. Next week we will see more green days the stock is ready to run. Especially as the PR's start rolling in and the shoes hit the shelves by mid September. That's when the real party starts, LOL!
I agree 100% with that!
let me guess, on the other Gelmon boards? LOL
Sure read the link in my previous post and you will learn. I think you have learned a lot from me so far, lets see, we never seen 4's or 5's today, we held support on 6's as I predicted, and oh yeah we ended green today confirming trend reversal as I predicted. No need to say thank you... you are welcome LOL.
The post you reference was how old? Oh yeah 4 weeks ago when we were trading at higher levels before the pull back, not even relevant for today's action LOL. Oh and just for the record, we did break support and pull back as I mentioned it the post you referenced.
I think she was being sarcastic saying we never hit the 5's as many predicted. We held support nicely and will continue up from here as I stated in my earlier posts. Today was a good entry next week we see fireworks like you said. GLTY
You need to first understand what support is, from reading your post you clearly have little understanding of technical analysis, let me try to educate you a bit.
Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction with a lag. Moving averages lag because they are based on past prices. Despite this lag, moving averages help smooth price action and filter out the noise. They also form the building blocks for many other technical indicators and overlays, such as Bollinger Bands, MACD and the McClellan Oscillator. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). These moving averages can be used to identify the direction of the trend or define potential support and resistance levels.
Hope this helps you to understand a little bit that yes we do have support, pretty solid in fact along the 100 MA good luck.
Here is some further reading
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages
Cheers.
Wow and we discussed this all day yesterday, with verifiable facts showing the short interest, links to where you can short penny stocks, and yet.... still trying to cast some doubt, unreal.
See post #14787 and #14793.
By the end of September we will see 0.0050 (half penny) for sure. This is going to rock next week and into mid September when the shoes hit the shelves. These low prices are a bargain, anything under .0010 is cheap, this stock is very oversold and really undervalued at the moment.
10 is the next resistance point, if we can break thru that then it will continue up from there, testing previous support / resistance levels. We should see a strong run next week. Things are looking good here.
LOL thanks I needed a good laugh today! We are headed up from here, and will see nice returns when the shoes hit the shelves by mid September. I would not be surprised to see 0.0050 by then.
No doubt we see a PR next week as anticipation keep building. The shoes could hit the shelves in just a few days. Going to be a huge run up, big time! GLTA
You guys are cracking me up also with those 4's, its good to have hopes and dreams but its also good to be realistic. Today is confirmation the trend is reversing and the bulls are ready to take charge. We should see a nice run up from these levels.
Agree 100% as I stated yesterday it should be up from here. Looks like MM's are moving off the ask now so we should see a nice run, GLTA.
After today's close we have a Doji Candlestick formed on support. A Doji indicates that the forces of supply and demand are becoming more evenly matched and a change in trend may be near. A Doji alone is not enough to mark a reversal and further confirmation may be warranted on the next trading day.
A: If tomorrow closes at or above support there is a very good chance it is up from here and we are in full trend reversal. Also the MACD is preparing to cross, that is a very good sign that the bulls ready to take charge.
B: If tomorrow closes below support then most likely we will see those 5's and 4's you mention as we pull back to the 200 MA to test support levels there.
Other than that, I dropped my crystal ball yesterday so we would have to wait until closing bell before I can get back to you on taking that to the bank LOL.
Cheers.
LOL keep dreaming its up from here! GLTA
You are right, it did say between August 30th and September 15th. I was being conservative and using the later date, but yes it could happen within days. Now is definitely the time to get in while shares are still cheap. Thanks for pointing that out.
You are absolutely right, these things take time. We are all waiting for mid September when the shoes hit the shelves. Right now is the perfect opportunity to get into this stock, it is only up from here. As I mentioned in my previous posts we may touch .0005 which we did today, but most certainly we are heading north no doubt about it.
look again, I only post when I see support or trend reversal. If you notice from my post earlier today I said today could go either way, but for now it seems like we are holding support well @0.0006 as I have been saying. Also reversal patterns take more than 1 day to form LOL. It sometimes takes several days when a stock is consolidating and usually requires a second day for a confirmation.
After a few years of trading you will learn how to pick up analysis. I myself have been doing this for several years, so I know what I am talking about, and have nothing to prove.
If you don't understand how to read charts you can find a great resource on stockcharts.com and some other sites out there. Be patient you will get it.
Yes short sellers will be forced to cover soon, I think they are getting nervous here as seen by the many posts. Come mid September we should be seeing plenty of green I have no doubt. GLTY
You are welcome glad to help you learn, TA takes years to understand. I love your satire and enjoy reading your posts on a daily basis, they are very entertaining.
We have touched 0.0006 2 times already July 21st and Aug. 15th and recently over the past few days, see the chart. Support has been holding well there for several trading sessions. If today closes below 0.0006 it will confirm support has indeed been broken. If today closes at or above 0.0006 then it will confirm support is holding and we will have a Doji reversal pattern forming.
We will have to wait for EOD to know for certain, let's what we have at close today, could go either way. GLTU
I wonder if you will still have words to say when it hits 0.0050 in 2 weeks like I said. LOL
LOL I don't agree with you but that was kind of funny. I think we will be just fine, the price will correct soon and there is a lot of anticipation about the PR release and shoes hitting the shelves in September. We will see some nice gains then. Cheers.
Support is still on the 100 MA just because we touched 0.0005 it means nothing, EOD determines if support holds or not. And right now support is still very strong on the 100 MA a tick either direction means nothing LOL.
If you are interesting in learning more about T/A try stockcharts.com they have some good information there that can help you learn how to read moving averages and determine the importance of trend lines. As you said, 2 weeks will tell the rest of the story here.
Has it been 2 weeks already? LOL the only thing I see is the stock consolidating nicely on support @ 0.0006 nothing new there, we new it would do that. As I mentioned a trend reversal is near and price correction will take place sooner than later. By mid September the shoes will be on the shelves, we will have a PR and the stock will be in the 0.0050 range. Who's right, who is wrong? Only time will tell, but charts don't lie.
Market Makers are permitted to engage in naked shorting.
U.S. exchanges employ several competing official market makers (MM) in a security. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers. They typically do not receive the trading advantages a specialist does, but they do get some, such as the ability to naked short a stock, i.e., selling it without borrowing it. In most situations, only official market makers are permitted to engage in naked shorting. Recent changes to the rules have explicitly banned naked shorting by options market makers.
A market maker makes money by buying stock at a lower price than the price at which they sell it, or selling the stock at a higher price than they buy it back. Ordinarily they can make money in both rising or falling markets, by taking advantage of the difference between "bid" and "offer" prices.
Stock market makers also receive liquidity rebates from electronic communication networks for each share that is sold to or purchased from each posted bid or offer. Conversely, a trader who takes liquidity from a bid or offer posted on an ECN is charged a fee for removing that liquidity.
Here is some reference material, please read it.
http://en.wikipedia.org/wiki/Market_maker
Yes that is correct at the top of a run up MMs will short or naked short, then walk it back down. This is a well known tactic. You can check out SEC site for more information on how MMs short and how they are regulated.
As I mentioned in my last post this would mean for the trade volume yesterday (6,500,753) there were (4,564,583) short sells most likely all MM traffic. If you do the math (short / vol * 100) thats about about 70.22% of the trading activity yesterday were short sales.
A short squeeze could happen at anytime and run this stock up fast.
GLTA
You can short penny stocks through Interactive Brokers in USA but not all penny stocks are shortable.
This would mean for the trade volume yesterday (6,500,753) there were (4,564,583) short sells. If you do the math (short / vol * 100) thats about about 70.22% of the trading activity yesterday was short sales.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=19477672
I was looking at BUGS and it looks like you might see some nice green action if it can break and hold above the center BB line @ 0.0047. btw...I can not respond to PM my account is free now.
Thanks, I am no longer in this stock, but feel if they actually establish a product or service I think it can do well. Short term I think you will see some nice green action.
Yes things are starting to look up from a T/A point of view. The short term moving average is ready to cross the long term moving average (golden cross) Full STO has crossed above and is upticking, very nice bullish signals. If the Parabolic SAR is crossed (currently @ .0017) you should see a very nice pop back in to lower to mid 2's soon, this seems to be a key resistance point right now. Looking good, might be a nice time to reload.
GLTY
Sorry but MACD shows a bullish trend reversal is upon us. It is preparing to cross its signal line from below, this is a strong bullish indicator. Also it is important to take more than just one indicator into consideration when determining trend reversal such as Full STO, Candle, Volume, ADX, PPO, TRIX all are very important technical indicators.
I think you will find once you learn more about technical analysis and how to read charts it will become very beneficial in determining trend reversal and possible entry and exit points.
Stockcharts.com has some great information and a chart school where you can learn more, go check them out if you get a chance.
GLTA
Light volume pullback is normal and healthy for a stock. You only have to worry when volume increases on a decline, and not decrease. An increase in volume on a decline would indicate trouble ahead. An increase in volume on an advance is a good and does precede price.
There are some great sites out there where you can learn more about technical analysis, reading charts and how important volume is when determining trends. Here is some great information from Yahoo! Finance site.
http://finance.yahoo.com/news/Use-Volume-To-Chart-A-Stocks-ibd-1529067484.html?x=0&.v=1
From Yahoo! Finance
When a stock is building a base, it can be OK to see some distribution on the left side as long as there's much better action in the days and weeks before the breakout. At the bottom of the base, you'd want to see light volume. The low turnover tells you that institutions have stopped unloading shares...
GLTA