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You bet. Be nimble in this sector especially at this time, choose selectively as not to get hung out to dry..................no patience or tolerance for red whatsoever.
Every sled bounces opposing primary trend, sucker rallys or bull traps prophetess as you well know. Agree at this time 2016, market conditions warrant hedges in addition to selective outright short positions...................
Sector is not only a great hedge (2016 S & P Bear is growling) but a very profitable one thus far this year. The top 2 year over year are RIC (I'm long) and MUX at the present time. I'll take a look see at SA and run some comparatives............All the best.
If 4.75 is broken resistance, 5.10 becomes the monthly breakout target with new resistance in the upper band range at 6.00................love it $AVXL$. Starting to remind me of last year..........
I happen to prescribe winning strategy vs speculation and wishful thinking. The prophetess and Mr Market have this one pegged to a tee and I agree...............
Still holding the 3.95 re-entry's 4 accounts, my guess and hope is 4.75 resistance before we re-analyze this rascal...............
Unfortunately trial progression, management, pipeline, potential, etc. does not equate to successful trials or an advancing share price. Mr Market knows this quite well $$$............
We're in the zone where risk/reward % allocation kicks in, and has all the bad news already been priced in. For 2016, risking 1.00 to the downside 3.00 stop vs 8.00 conservatively to the upside...........a -25/+100 profile.
Sell volume 40% greater than buy volume tells stronger hands still control this stock i.e. suckers rally. Available pool to buy keeps going up is unsustainable, look for a bear market break to new 52 week lows..........
All my accounts were up over 300% for 2015 in part due to AVXL, know when to hold them know when to fold them, rinse then repeat. And this is a hobby of mine, I have a full time job.........
Made a ton of $ for sure. Bought in again today at 3.95 on the open for 4 accounts, the monthly is just starting to turn up again.....................$AVXL$
Bear markets like CTIX end when constant relentless selling exhausts itself. And usually that's -90% from the highs for no revenue stocks. There's a ways to go yet I'm afraid............
The island of OBV speaks volumes, it's a picture worth a thousand words.............follow the money.
There is no confirmed bottom in place. Quadruple bottom should be broken down into the 2.40 - 2.70 200DMA zone on a washout, which should be a bottom. A fool (not you) and his money are soon parted...........
CTIX massive triangle formation on the daily and the weekly translates and usually means a continuation pattern in the overall scheme of the best is yet to come..............
Two weeks I want to see soon,
Weekly Death Cross
How will the smart money resolve?
From tonight's high, April Gold is only 22.00 away from it's 52 week high..................Wow! I'm beginning to sense the once despised and ill forgotten miners to be the sector of the year.
Continues to break to new 52 week highs, and Richmont continues to be of one of the strongest on the board. This looks to be the sector of the year.................
Careful trying to pick an ultimate bottom, drawdowns can be a bear unless one is swing trading this rascal.............
Well, he we go again. 96% strong sell rating, -70% year over year and a curious case of Benjamin Button PR. The only lock on this stock has been to sell, and sell short until further notice, welcome to a classic bear market.....................
Bear markets chop off 90% of small cap no revenue sp, and this one should be no different. I'll buy some again at 50 cents if the pipeline doesn't get worse.............
Sorry about that, "in the last 30% of it's time duration." i.e. parabola lower, sector and prevailing market forces.....................
Agree 100%. Here's a stat to ponder, in a bear market 60% of the move is made in 30% of it's time duration.................i.e. fall faster.
"USD Double Top, Gold prospects brightening rapidly", Clive Maund on The Market Oracle this weekend is par-excellence..................
A couple of issues out of the company's control right now is that it's in an out of favor sector in the the beginnings of an overall bear market. The transports are leading the way lower and have already broken down severely to the equivalent of dow 15500 breaking down............it's only a matter of time.
Massive H & S bottom on all time frames, target 5.25 USD on it's own merit............
Hopefully it is, going along for the ride in RIC.....................so far, so good.
It trades on pink sheets for a reason, take a gander at the price chart............
With a bearish wedge and a downside target of 50 cents that's hilarious............
If you had followed 1 basic long term trading rule, you should have sold CTIX in May at 3, but I waited for the bounce in July above 3.40. Sold REGN in early Jan just above 500, same rule, it's almost 400 now. Moral to the story, regardless of the stock and how great it is, follow the rule, not emotions and you won't get burned...............
The adenoa zinc pipedream is finally coming true, can't say I didn't warn the fellow synners...............Oh well.
I'm patiently waiting for buy 1 get 6 free, then a CTIX bounce to resistance at 1 dollar...........reminds me of the chicken or the egg story.
The volume is too low to sell any large position for this micro stock based on current average volume, if I tried with 150k shares I'd tank it..................
It would be yet another black eye set back for this company, a no confidence pipeline vote and back to whence it came, 50 cents on massive bear market volume..............
H & S bottom almost confirmed, 65 breakout and it's blue skies...............$TPIV$.
The 2016 bio bubble has just begun to pop, and most no revenue small caps lose 90% of their value in bear markets, where all good news rallies are sold or shorted .....................going on 14 months.
The disparity is small cap/stock related reflective of bear markets. Since 2014, CTIX -36% (56% advance to breakeven) IBB +10%, XBI zilch net 0 (2 years of gains wiped out in 7 months)............
When it's official, it will be too late. The majority is always wrong at major turning points, and the market always leads the news many months in advance...............Good luck to all.
My fear is this 2016 bear market (I think it is) will take everything down with it. The market is in wave 2 snap back mode to probably 1975 s & p then wave 3 down. If/when it breaks 1800, it's gonna get even uglier everywhere, especially no revenue small caps.............
aruda, aspire, bear market, cult stock, pink sheets, retail only is weak, and sherlock holmes.........LOL.