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Based on what exactly? The quickly deteriorating technicals or the incompetent management?
I suppose at some point, sure... after all they have gotten the dreaded 'caveat emptor' rating from pinksheets.com...
But what the hell do I care? There is a market for it and the trend is currently up. STRONG up. Looks like another big day could be in the works tomorrow...
You are right to beware though... When this thing drops, it probably drops HARD (think JAMN)
Best of Luck!
BORK This thing is getting scary good... expecting another big rally in the next day or so
CVSL looking good for Monday Entry
Wow... This setup is SICCC... where she goes nobody knows!
Really nice setup here. Thanks!
Finding it very tough to get shares. Putting my second order of the day in for another 25k but it wont fill...
After some quick digging into the Mar 2011 Initial Company Information and Disclosure Statement, it's making sligtly more sense what could be next...
B. distribution methods of the products or services;
Our patented and licensed Environmental and other Niche Technologies held by our subsidiaries will be marketed and sold worldwide and are on the leading edge in their respective markets.
C. status of any publicly announced new product or service;
Since the company has just entered into negotiations with a potential group to buy their business plan and opportunities, there has not been any public announcement on its activities but expect this the happen very soon.
D. competitive business conditions, the issuer’s competitive position in the industry, and methods of competition;
GREEN/RENEWABLE ENERGY TECHNOLOGIES AND OTHER NICHE TECHNOLOGIES have extensive competition at the Technology development level. Therefore we have positioned ourselves to acquire leading edge technologies far in advance of anything else in its respective categories or markets.
Not sure what exactly is going on here, but this looks to be one of the most potentially explosive charts to come around in a while... People should stop and take note.
WTCT No doubt.. Looks tremedous for early next week!
Wow... this thing is getting ready to blow up... for real!
AMZG it's time! Amazing chart---
That's one ugly double top on UNDT 60 min chart...
VNDB Check out this technolgy, chart is rolling!
VNDB Monster Chart, promising technology
EMLL It's pretty funny... They seem to be a 2 person operation, one of which is the accountant and one of which is the CEO. They borrow money from relatives to support their 'operations'... and have defaulted on three sub 10k loans over the last few years. They have one of those scammy looking websites with their ticker listed front and center... never a good sign. They have no product, no mines, no mining rights (contrary to all the hype), and have had no sales of any type... ever. They even got some sort of out of the box ready to go cigar company a couple years back and coulden't sell a single one of those...lol... Best as I can tell they have obtained some sort of a license to trade and export gold out of Africa... who the hell knows what is actually involved in getting that sheet of paper. You tell me what the hell good THAT is going to do them with a big fat 0 in their assets column... Maybe the CEO can take out another loan from his mother in law to purchase a few nuggets and resell them in HK... who knows. Their main focus in every SEC filing seems to be their 'dire' finacial position and a continued effort to pump their stock to the public with press releases (it's right in the filings, check it out) They go on to talk about how great the market for Gold will be in Hong Kong over the next 10 years and all that... well that may be, but how exactly they plan on getting a piece of the pie Im not really sure
Yes, the technicals seem to be setting up for some sort of run here, but how long could a person actually hold this thing with any confidence?
BGOI A few things separate this company from 99% of the phony OTC Pink companies out there right off the bat. They have no scammy website with thier ticker pasted on the home page. They don't put out a bunch of pumpy nonsense 'news' releases through marketwire trying to create investor frenzies. They have and have had a REAL ability to raise funds (not $1000 loans from company officer relatives like most other pink stocks). And most importantly? They are actually CONDUCTING the business they claim to be... which in this case is oil exploration. Yes, they have accrued some debt to get to where they are today. They do, however have something to show for it. How many pink stocks have you seen that take on millions and millions of debt over YEARS and the company never generates a sale or has anything to show under the 'assets' columns in its filings? These guys are not only selling what they produce, but they have 11 million in proven reserves, and have only been around about 3 years. They had the unfortunate luck of becoming a going concern at the absolute height of the oil boom and very likely way overpaid for their oil properties, an especially taxing experience on any exploration company, let alone one just starting out. They were forced to sell all of their output in the last couple years at very depressed prices (25/bb and 54/bb). They have shown an ability to actually get oil out of the ground and get it to the market, and actually have proven reserves, which puts them leaps and bounds ahead of their OTC exploration peers. I believe the market has already severely punished them for these previous facts that I mentioned (overpaying for property/large debt) but they keep plugging away and just keep producing oil and selling it. With the continued upward pressure on oil prices not likely to subside at any point in the near future, you can bet these guys will not only be able to slowly chip away at that debt, but also be able to secure financing for new projects as money once again pours into the exploration game. It will be very interesting to see a much improved financial picture from them in June. Technicals lining up right now, and it may just be time to buy... with both fists
Going very high? I hope you don't mind my saying so, but I'm seeing this thing quite differently. I wish more people would give alternate viewpoints on certain plays that are posted. Lord knows I wish I'd been steered clear of a few stocks...I'm not sure if it considered 'breaking the iHub code' or something but since this is the best board in the iHub universe, and people tend to say it like it is here, and you posted it (for feedback?)I'll tell you what I think. It was a nice ride, but this play is done. D.O.N.E. The last and final chance will probably be a slight pop at the 50 dma on the way back down, if it happens, but I think that's it. Looks like it's destined to match it's 2010 lows in a while. Technicals are gargabe and if all we are banking on fundamentals wise is a proposed name change, then we have big problems here... best of luck. I hope I'm proven wrong if you're in.
Looks to have potential upside in the .10-.11 range... nice find!
GREAT chart!
nice call for you also Ataglance... gotta look the other way now (Euro strength) after that short term dollar kaboom
Really nice call on that support level AceTraderfx... The only way to look now that the USD has had it's rally (EUR/USD 1.3891) is renewed Euro strength over the next couple of days (from what I'm seeing) Keep up the great work!
awesome... If there was some sort of an organized voice out there... people would get behind it. Well, people with a brain anyway. Most of the populace probably woulden't get it even if you handed it to them on a silver platter... "Operation discredit the Fed and the banking cartel elite" hope it doesn't die out after phase 1...
No doubt about itJBII Things will start looking up sooner rather than later!
Villas, please excuse my igonorance, but can you please explain your X's in the charts? I guess somehow it was obvious that you were calling a 'buy' on the EUR/USD with this posted chart... but I just dont get it... how am I to see what your call is on your posted chart? Or are you simply waiting and playing supports and resistances?
Quite the change in opinion on the JPY through the early morning hours... one of the reasons trading on news alone can be so difficult imo... Our prayers are with those affected by this devastating quake...
NVLT been dead money seemingly forever. Looks like a great spot to bottom fish!
Wick'd down hard today as it tried to cross the upper bollie and fast down-sloping 200 dma on MASSIVE volume... where will the continuation impetus come from?
looks like it's 'boxed in' by the upper channel as resistance and the what is that? 50 period ma? as the support...LOL... I really thought we had a nice chance to follow through with the decline last night and it traded flat/choppy/up most of the day after the only real profit taking opportunity of the early morning fell by the wayside... I think USD still headed up, even short term, but I'm not totally sold on tomorrows setup... Think Ill wait to see what happens in tomorrows action, we will get something one way or another, a break of that channel or a break of the support...
LOL... I like those "activate stop loss" and "freeze chart" buttons... CLASSIC!
Nice posts. Have you used this method with any success? Only problem for me in implementing something like that is that fact I'm not a day trader, nor do I ever intend on becoming one... Too much work and too much tension. I like to enter my trades on hourly candle trend continuations or reversals (knowing ahead of time which pair/direction I plan to trade in... NEVER doing it on the fly with candles alone) then I live with the trade results through the morning, win or lose. I never have more at risk than I am comfortable losing so I can sleep just fine knowing I won't wake up owing my house to the broker or something...
LOL... good stuff. I love that lightning bolt price push down zapping all of the retail traders then the $$$ signs floating into the bankers' pockets. Seems about right!
LMFAO... thanks Ataglance. Great stuff. I needed that before a long day at the office
Hey Kitt... yes. Very observant. This goes on in the equities market as well. It's called legal thievery if you ask me. I would liken it to a bank in a city that had a band of robbers sanctioned by the chief of police that could come in and rob the customers blind anytime they pleased, as long as they were careful and didn't dip into the Police Pension fund... I choose to bank at the adjacent city, the one without the sanctioned band of brigands... The city without stop losses. People think it's imagined or overblown, but it's absolutely true. MM's will go after and 'hunt' stops... I think it's a bit of a sport to them. You can place your stop as far out as you think they possibly can't find it, even with a very small position, and they will STILL get you. And they tend to do it at the worst time too, right when the market is about to make a real move in your direction. I think they use the added volatility and the volume of the true move coming in, and attempt to wipe out all of the positions with stops in them just for fun, so those people don't get to participate in the real move. I can't tell you the number of times this has happened to me in the past. I would wake up happy to see the market had moved nicely in my direction through the early morning hours, only to realize that I had been stopped out at 1 am and had seen none of those gains.
Each trader is diffeerent, and has different tolerances for risk, and eventually will learn how they want to trade for themselves, and most likely learn some very harsh lessons taught by an unforgiving market along the way but a few things I would recommend to any new trader;
1. DO NOT USE STOP LOSSES. To me, if you are using a Stop Loss, it is a clear sign of 2 things, a. You really have no confidence in your position and are basically guessing. You probably shoulden't be putting on a trade b. You are risking too much capital
2. When I enter a trade, I am very very confident that the outcome will go in my favor, but of course it doesn't alway work out the way you thought it might. But as you get better, you will realize that you are guessing wrong less, and not only that, but when you guess wrong, your losses will be much smaller than your gains when you guess correctly. In order to have no fear when entering a trade, I use a three tiered system, and the maximum number of contracts (10,000 lots) I will ever open up at any one time will be directly related to my maximum daily loss threshold... For everyone it will be different, but think about it and honestly ask yourself what is the MOST money you could could lose in one day of trading and be OK with it? I would set this up as your initial account balance. Then you open up your position sizes in relation to that maximum loss threshold, of course sizing appropriately and remembering to use some room for margin, as this is another annoying aspect that can work against you when your account gets liquidated right before a big move. You may find that you are only able to open up 1 or 2 contracts at first, but so what? It's not a race. And there is plently of volatility in just that amount anyway. I will grade my confidence in a position between 1-3, with 3 being what I view as a slam dunk no two ways about it trade, and a 1 being I still like the trade, but I can see the other side of it also. I will open up contracts tied to how well I like the trade. Obviously I'm not going to open up 3 contracts if I'm so so about a trade, but I might if I really really love the position. The other thing that I like to do is cut my account in half (take out half of the money) When I double it (which would be twice my maximum daily threshold loss). This system works quite nicely for me. Happy trading!
1.
Oh man, Im so sorry villas. I did have you mixed up. It might help if I took a second to actually check who I was replying to
:) Sure, call me BSS till you're hearts content...lol
Anyway, keep those nice charts coming, and by the looks of it, what you have posted may fit in quite nicely with what I am seeing with that declining channel, Eur/USD down tomorrow then possibly reacting back up as it hits that 'daily resistance' line..
That's one sweet chart...
Hmmm... A little tough to believe based on you coming out before and being such a wise guy with me. But OK. Fine. I like the chart you posted and if you come in here and post your opinion once in a while of what you believe next days moves are going to be (or weekly), I'd be glad to hear it. I get a lot of them right, but I get them wrong also. Multiple outlooks and opinions are definately good. They might cause me to rethink a trade if there is a good opinion against it, or just stay out entirely. I try to weigh as much of the evidence as possible on each currency that interests me, make a case individually if they will gap up/ down/ or be flat and go from there. I'm not 100% that USD is gapping up AM, but it looks awfully juicy. One thing I do know for certain that the momentum in the DOLLAR had changed short term and we will just have to see where it takes us. Charts can change dramatically in one day. ANyone remember March 9, 2009? I know I do...
Great. Then you should be making money tomorrow. BSS.. you're really quite witty. You should put it to good use somewhere.
USD The setup to me tonight looks brilliant for another USD gapup tomorrow. Tentative outlook... Gap up tomorrow, then possibly slight consolidation/pullback, then continuation to the upside... anyway, later this week is of no concern to me quite yet. Selling the EUR/USD double time tonight!