I am a psuedo-positive long!
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As crazy as that posts sounds, it is no more crazy then a lot of others here, and actually could happen.
Last post for the night. Maker's Mark last night, Miller Lite tonight. Thus the life of a PPHM shareholder.
(there will be many more nights with bourbon in our near future)
GLTA
Chenzo
PS...rollison, when you get to the penalty box, tell the beerman we say hi
Thanks for clearing that up, I was away from the computer and TV most of the day. I guess one raid is better then two
Thanks shipbuilder...I wanted to say something real quick about T/A.
When a company such as PPHM trades 70 mil shares in two days, there is no T/A for such a move. When we hit $5.50 sept 2012, there was no T/A that said this is were it stops.
We are now in a tornado and the PPS can get blown all over the chart. Technical Analysis gets throw out the window for awhile. Best to let things settle and then a new pattern can develop.
I know this though, huge volume came in yesterday without a PR. And in 12 minutes, using only about 9mil shares we dropped only 10%. That was someones' plan. Someone with that kind of cash doesn't buy on Tuesday and sell on Wednesday.
The rest of the day was consolidation
GLTY
Chenzo
Agree, the baby raid was just for good measure.
It looked to me like the shorts were covering, shown in the upward stairstep pattern (I don't think it was actual buying) then they pushed it back down again
GLTY
Chenzo
I agree. We were up .89 yesterday and down .21 today. Volume was the same so it looks to me like a bear raid that lasted 12 minutes, and then some consolidation the rest of the day. Maybe some daytraders who got in late on yesterdays run or jumped in this morning got out and cut their loses.
There was non stop buying all day yesterday. Somebody knows something IMO. The same people that know something had 24 hours to plan the raid. Like I said, it lasted 12 minutes, then the rest of the day traded fairly normal
Still optimistic
GLTA
Chenzo
It's funny you brought up Sept 7.....I was stopped out that day when they took out my $3 stop loss. You can imagine how pissed I was when I checked back some hours later and saw PPHM in the 4's.....I literally didn't watch the market for a week.
They didn't get my shares today (im actually golfing today) and have no worries. When this turns positive today, look out! Just gives more validation what we have on our hands. That raid shows us how valuable our shares are
In hindsight, I have 4x the shares I had that day
GLTA (tee em up!)
Chenzo
I've made more money in a day than I have today, but this is the most fun I've had! I feel we are about to be vindicated and validated....God bless you all and congrats!
GLTA
Chenzo
If they mention PPHM, we go to $3.00 wook eom
2 bleeping 50!eom
It's pretty simple...Breakout on high volume!
GLTY
Chenzo
Loof, there is very little selling today. It wouldn't surprise me if we blow out at the end of the day and come close to $3.00
GLTA
Chenzo
Shorts are down 20% today. Pretty sure they will be having their lunch at their desks.
GLTA
Chenzo
Maybe there is a leak...if so, we have good news on the horizon
GLTA
Chenzo
Congrats ben! eom
Ouch DEBS! eom
Oh my goodness! eom
Mazel, I posted chart last night, you must have missed it..post #164019
GLTY
Chenzo
C'mon baby...PUSH! eom
Looks they gave it to him or her at $1.91.eom
Wook, If sellers are that rare, then we'd get to $3.00. Then we would see if all the games that EBS predicts actually will happen
GLTY
Chenzo
Here you go Mazel...
As you can see, we broke the resistance at $1.88 (which is now support, thus the green line) and are now in what I am calling the "Sweet Spot". From this "Sweet Spot" we are in striking distance for a breakout above $2.05, so things can get exciting!
Volume was better than average, but not astronomical. I feel we may be in the beginning of our next move. Look for even higher volume tomorrow.
What do I think will happen?....My guess is we bang our head against resistance at $2.05ish either tomorrow or Thursday but will not break through.
The market will wait and see what comes of the CC on Friday. A Positive PR, and we have fun Friday. If its just the same old same old, then we drop back down and start all over again.
PS.. With all the conferences coming up this month, the fall should not be all that bad,(we probably will stay in the "safe zone") but can certainly assist one more bear raid.
GLTA
Chenzo
This stock is being manipulated, so be careful. The hedge funds can easily push the share price 10% or so in either direction then let it move back the other way. First line of support is $1.41, after that, $1.18.
In the last six weeks, volume has been very high and PPS has increased 150%, so be careful.
I would buy $8k at $1.41, then the other $7K I would wait for a pullback to $1.18sh, or I would buy on a breakout of $1.52 if it was on high volume. I don't mind paying more if it is during the beginning of a breakout.
GLTY
Chenzo
Epic?...hardly. But I'll take very good for now. At least we know the first PPHM tent you hit was the one marked: "Hopium"
GLTY
Chenzo
195K buy at the close....nice.eom
Would be really great technically if we close above $1.88. That would put us in the "sweet zone"
GLTA
Chenzo
Yes, thank you. That's pretty close to screaming from the roof tops....Gotta love his enthusiasm. It seems as if he believes INO is on to something big....I like that
GLTA
Chenzo
I hope so. Just saying the article would have served us better if it was released Monday morning, ahead of our busy month, instead of a few minutes left in the trading week
Chenzo
You are probably right. I didn't find the article all that flattering to be honest.
They was some positive:
Thank you BKT and rev....now even the positive rag articles are buried late Friday afternoon...as Wook would say....jeez
Chenzo
CP...was the Motley Fool article posted after market close today? I did not see a time stamp on it showing what time it was released. I'm curious because if it was made public during today's trading, it didn't have any positive effect on the PPS. I'm curious.
TIA
Chenzo
My condolences CJ
Chenzo
Yesterday you said:
Profits are profits. You did well. Three profitable trades with INO this week and I cashed out of FNMA today. Bang! That big round number 5 stopped that run.
I will set very low buy orders with both tomorrow. Don't expect either to get filled and will be happy sitting on cash over the weekend. Now c'mon Tustin....time for you to Wook up.
GLTY
Chenzo
After a 60% run up, I'm out at $4.98 . Will wait for fnma to cool down a bit to get back in.
GLTA
Chenzo
You just received my vote for post of the year. I know its early, but that one is gonna be hard to beat.
Chenzo
Im not betting the house on that bullish call. The chart you posted shows that we broke through $1.88 support. Although we hit a HOD of $1.90, we did not close above $1.88, thus no breakout. We'll just have to see what next week brings.
Want to see a bullish move, look at INO. After five tries at breaking through the $3 resistance, it finally broke out with high volume....Congrats Adam
Chenzo