Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BTSC is a bitcoin stock. ETH is a type of cryptocurrency. You can download an app called Coinbase and buy ETH "coins". I bought 13 coins when price was ~$140, (which I thought was a high price, and in the couple of weeks that I've owned it, it jumped to $350 per coin. I also bought some bitcoin (BTC) and LTC (litecoin). The stock has been very volatile, but my impression is the valuation in the actual coins is much better. I'm up 60% on my investment with the coins. Some have made much more in the stock vs coins, but it all depends on timing.
You are missing the decimal points.
Smart one guys. This P&D is going to subs it looks like. Other bitcoin stocks held supports, but this one is almost falling straight down.
Thank you, Obit!
What is your experience tell you with respect to this play? I see 50 million shares on the bid and 310 million shares on ask
It's probably going to keep going down, but nobody knows for sure. People that took a major hit today are pumping the stock saying they're buying more – I call BS. Nobody is buying more after the major loss today unless they bought in the 2,50 or 2.60 range. If you are down big and haven't sold yet you may want to consider holding long-term as eventually it may head back up again. If you haven't lost that much it might be worth taking your losses now and jumping back in later. Obviously you run the risk of missing out on the next run if you do that, but you may sleep better at night.
I think we might hit $1.50 or even $1 before it goes back up. I cannot give anyone trading advice, but I am sharing my perspective having been through this before and having been down over $100,000, which was not fun. I had to hold for over a year before I was able to make my money back. Now I'm good because I am locking in profits after major runs, even though I am risking missing out on the big news. Today I'm happy because I was completely out and did not lose a single dollar. Go FNMA and good luck to all.
When the real news hits, it will hit after hours and you would not have a chance to buy before the major gap up
Great analysis! Thanks for your input!
Gap up or gap down?
My guess is it stops at $2.57 a few cents below and then bounces. That's the 200 day simple moving average
Price precedes news. Somebody on this board taught me that. Maybe we get news after hours today or before the bell.
Yes, you are absolutely right. However, after not realizing over $200,000 in profit the last time it hit six dollars, I learned a very important lesson. This year I'm way ahead and sold my entire position in the high fours, and then made more profit playing the balances and swings. When I buy back in the 3s, I stand to make double. I don't believe anything major will happen before January 20. I could be wrong, and I'm willing to take that risk rather than watch my profit dwindle. There are always more opportunities in the stock market. Good luck to you. If you are already way ahead then you're in a pretty good position and it's not as hard to hold.
It will head back up but it's gonna go lower before it does. This stock can make you sick if you are over invested. I agree with those that responded to you. Take a break from the computer for a few weeks, at least until mid Jan, or closer to inauguration. Those that are giving advice have been there before. GL
Look at the weekly and daily charts for the last year. When you look at the big picture it becomes clear. All of the moving averages are in the twos. There are several resistance points on the way down. Again the stop today at $3.41 was predictable as a second resistance was at 3.44 (panic selling causes it to go a little lower sometimes). My guess is that we will hit 3.15 with a bounce, then 3.05 with a bounce. It depends how much they want to take this down but it's possible we hit 2.90s or lower until we get that heavy volume again or news. If you don't know how to trade the swings, sometimes it's better to hold, especially if you trade in a regular account where you will have taxable short term gains. GLTA
Typo. *pumps not lumps.
It's obvious to see volume and jump back in. Overnight news is a risk due to the stock opening at a much higher price. We are on a downward trend and people like to watch their profits dwindle day by day on the gamble that we reach release in Jan 2017. I did that in 2013 and partially in 2014. I learned this time around and made much more in profit. I don't believe we'll see release prior to March so I'm out and will jump back in at 2s, or when we turn back around. GLTA. Don't bet what you can't afford to lose.
You've been spewing nonsense for the last month. I feel bad for any readers that may take your lumps the slightest bit seriously.
The stocks are following the same pattern since 2013. They will continue to drop until there is positive news or until we finally reach release. I'm completely out for now but looking to get back in once we get some positive momentum up. I prefer it this way. I run the potential risk of missing the big news (as some claim this can happen overnight), but I believe we will have clues before the big release happens. Also, I get to keep my profits and don't have to deal with the aggravation of watching my money dwindle away day after day. GLTA
Somebody said previously that technicals play no role in this stock. This is where technical trading is very helpful. It was clear it was going to hit 3.15 today after 3.45 did not hold. 3.15 is the second major resistance point. For those that aren't familiar with technicals, just look at the Barchart traders cheat sheet. Go $FNMA and good luck to all.
This is going to keep going down unless there is additional major news. I'm not betting on any anytime soon,but I'm prepared to get back in at the right opportunity.
The whole take down was planned, just like it was in 2013 and 2014. I sold all of my 25k shares yesterday on the way down, but planning to get back in at the right opportunity. I missed the 3.50 dip today for a quick 30 cent gain, but something tells me this is going back to the 2s. Hopefully I'm wrong. I use BarChart and basic charting to see the resistance levels. It's been fairly predictable so far. I noticed that MMs usually take it down 2 major levels on big volume. Good luck to all involved.
Dragon, what's the price gap at? I'd like to put another buy order at that price in the event it fills. Go $$FNMA
I am with you. I think it will hit $4 and has a chance to hit $6 or $7 dollars barring any ignorant remarks from the president elect. I do not think that $6/7 are a sure shot. In 2014 everyone swore that it would hit $8 but at ~$6.30 it came crashing down.
I agree with your comments. People are fooling themselves into believing that this is a sure shot, but nothing is. Expect the unexpected. Bet what you are willing to lose. Good luck to all.
I agree, and to that point, there should be nobody on here trying to pump the price to persuade newbies into buying at levels they are unprepared to manage. I've been seeing too much of "we're going to six dollars by this week" or "$20 by next week," or. "$300 by end of year" which is all complete BS. I'm still long and Go FNMA!
Nothing is certain. The government has screwed people before and it can happen again. I am long FANNIE MAE on my core shares and trading the rise and fall's. if you were here in 2013, you saw the rise to $5.20 and an immediate fall to the $2 range. People were still touting uplisting, release of conservatorship, release, and "to the moon" back then. The only thing for certain, is that we are in a run, and when it stops nobody knows. Go FNMA!
Unless there is major news, I don't believe that it is going to hit $6 this week, but based on prior run patterns, it can potentially hit $6 or $7 in the next 2 to 3 weeks. I get it. You are pumping the run to have more people buying and potentially increase the PPS. But keep in mind that IHub is too little to run the stock. M&Ms and hedge funds are running this.
For all newbies and traders out there, keep in mind that nobody has a crystal ball and nothing is assured. Yes it can hit six or seven dollars, but if there is negative news, or Donald Trump says some ignorant remarks, it could also fall back down to $2 or $1.50. If you bought in at $3.26 last week thinking that it was going to the moon,you may be in for a temporary haircut on your investment.
Trade carefully. By the dips. Have an exit strategy.
Go FNMA!
Gentlemen, it's a matter of perspective. I use News to see when the stock is going to rise dramatically based off of particular news criteria (as in 2013 and 2014). Based upon the momentum of that rise, and determining market momentum and certain levels of resistance, I trade accordingly. I may sell, like I did at $3.21 today, or hold longer-term if I think it's going for a multi-day rise. Also note that most news are timed/manipulated with political agendas, and stock is manipulated by MMs, with shortselling. Over the last five years, I have seen the stock follow predictable technical patterns (I.e. as once news is dry and the
stock can't break a certain level of resistance (such as $3.20 for FANNIE MAE right now), the stock Will take a temporary drop to the next one or two levels of resistance (this may be a drop of 10%, 20% or 30%). Unless there is additional news, I see the stock going back down to at least $2.91, where I will buy back in.
Can I miss out on the release...potentially. Am I willing to try it right now...yes, because I believe we have at least 6 months, if not years to go. Since I am trading in an IRA, I am not paying taxable gains every time I swing trade or daytrade. I am up >$17,000 on this run, but also missed out on many price swings as swing trading and daytrading is not perfect. Trading the stock is beneficial to me and my accounts at this time. If I was trading in an individual account I would likely buy-and-hold because of the tax disadvantages greatly outweigh the risk (for me) and the huge potential in this stock. I believe long-term we will reach at least $4 before any negative news driving the price down. Possibly even $6 or $7 dollars Ultimately, I believe FANNIE MAE will go much much higher, at least to $18. Go FNMA and good luck to all of you!
It was day 5 and a Friday...today was expected to be a red day. It went into the bell flat and got stopped at the 1st resistance this morning. Monday it may fall lower to the next level of support (2.73) before rising again. I'm long FNMA and also flipping shares along the way.
On our way to $2.50.
Great call dude. What a joke you are to this board.
I've been here long enough (since Mar 2013) to understand the runs are based on news. Without news, no run. The market is down today due to the jobs report. FNMA was up yesterday based on the news that came out yesterday. I sold half of my shares yesterday to buy back more today or tomorrow, based on where the price goes. Always keeping a core, just in case it pops big.
I think we will see $6 by 3/15/16 IMO
Agree! Long n strong. We've seen this many times in the past. My prediction is $1.50 bounce, although I wouldn't be too surprised if we hit $1 again. Freeing up capital now to buy more at $1.5. If we hit $1, I will double my holdings. Holding Til we're at $7 or thereabouts before selling any.
I'm only buying at these prices. Awesome stock with huge potential. Very happy with my current amount of shares for the next run, but I may pick up more if the right opportunity comes. $$$BAA
I sold 30k fluff shares today for a small gain. Hopefully I will get to reload those a few cents cheaper. Go BAA!
I don't think it will hit .70 but I'll soon have a 20k bid at $1.5. These are gyms that will be in the $6+ range again soon IMO.
Loaded up - waiting for the run! $LIGA
I agree. My 120k bid at .008 only filled to 106k+ and then MM canceled the rest. Next thing I see is a sell at .79 and bid at .69. ODD!!
There is a lot of bashing on SLNX. Fact is this ticker has run huge several times in the past, and I expect it to run again. Holding for the next run! ??
I believe .54 was a resistance before it ran to $1.