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I have a TDA account and beginning in May they began passing on to traders the FINRA fees when exiting a stock. depending on the size of the transaction it can cost up to 5.95 a trade.
btw, talk about parsing -- when i asked a rep about it she told me TDA does not charge an extra fee, its FINRA. they have nothing to do with it.
really?
my goodness. i told her it must be an invisible feature then, because, after all, it disappeared on its way to my TDA account. she then got a bit prissy and claimed it was just for structured entities, like ETFs, ADR's, options, yada yada. um, how about stocks, be they pink, penny, etc.?
oh yeah! gotta love 'weasel chat'. truth of the matter is any trades with TDA that involve an MM have that extra cost associated with it.
and not that she wasn't aware of my angst, but she closed with the ever dismissive...."well, everybody else does it too!"
**sigh**
anyways... just to reiterate. unless you negotiated a better transactional fee, if you're trading stocks through TDA, its approximately $7 to enter and $13 to get out.
best of trading to ya'
rich
being historically based, charts are generally good indicators of support and resistance.
on the weekly you can see there's very little support here. the 200ma at .0242 is a dampening line; its resistance. this has to hold .015. 01 comes in to play if it doesn't.
the low volume makes it that much thinner. as is often the case, its a waiting game.
best of trading to ALL
rich
OCLN a ppo-adx pincher chart
caught this one while looking through Georgie18's House of Gain.. board. for those few who might read this post, Georgie18 is one of my favorite Hub chartists. the man from Brooklyn is worth the follow!!
any hoot!
been awhile since i followed a pincher in action, and this has a very nice setup. i had a few dollars sitting aside, and though i'm not in buying mode -- sad to say, in a market that looks to me like a bottom feeders delight i'm working within a tight budget, and because of it i need to be a seller first -- and so i entered small, 50k @ .0026. general targets in this type of pincher are the psar, 20ma and 50ma, in that order.
iow, relative targets are around .0053, .0066, and .0174
key indicators to watch are the rsi's -- usually want to follow the rsi's 2, 5, 6 and 14. they will flip the order from being slowest to fastest on top -- and the turns for the signal lines of both the ppo and ADX.
Negotiating a good deal, one that is fair and balanced so that both sides come away with a win is not a task done easily. as they say, it takes two to tango, and in this dance there’s quite a bit of give and take that has to transpire before dotting all the i’s and crossing all the t’s. i’ve seen more than a few deals that were rushed through, and they were rarely worth their ‘weight’ when measured against expectations. amidst the many unresolved complications i've seen were sloppy due diligence, poorly submitted or incomplete (not to mention outrightly missing) filings, undiscovered debts, and overhanging shares, just to name a few of those what-nots that helped make those deals a desultory journey through a maze of misdirection. when a penny market train to fortune gets derailed, its the passengers that take the brunt of the beating. that’s why in this ‘particular’ game, time is not necessarily an enemy.
personally, i think the longer this takes, the better the odds of it being done right. i’m of the belief that we’ll know fast enough if things go south. for all the complaining of the recent trading, i take note that the volume is less than lethal. that the disappointment is more a matter of the current price and how the stock trades; but, then, i didn’t buy in on this story to sell short. as it has been previously pointed out on the board, there aren’t many r/m candidates with as clean a slate and as suitable a share structure that are also SEC compliant. and that part of the story has yet to be busted.
though it may be hard for speculators to understand, the one thing to keep in mind in this game is that buying and selling stocks is not a growth industry. its a redistribution scheme where there is ultimately a matching loss for every win. it is therefore useless to complain about being on the wrong side of the ledger.
when you pony up, ya’ take yer’ chances.
best of trading to ALL
rich
INMG chart
3rd up day in a row -- white candles with higher lows and higher highs, and a psar flip today to light the candle. stock broke resistance and took out the 3M block of shares sitting at .0077. once past there it ran on low volume towards the rsi14 powerzone of 70 at .0095 where (though it traded some shares above that) the bid could not garner enough support for a further breakout.
that was interesting, but because the stock had begun to trend up, todays candlestick -- a small candle with a long shadow above -- is better known as a 'shooting star, where it's generally seen as an indicator of a price top and reversal. given the three day pattern, tomorrow will be very important in seeing whether today's wick was a sign of exhaustion or a continuation of the uptrend. confirmation of it being a 'shooting star' will be seen through the close tomorrow if its lower than than the bottom of today's candle.
iow... a close below .0068 could open a trap door to lower lows.
that said, todays breakout was done on only 5% of the 'currently' known float. that's a relatively insignificant portion. what i see on the chart through the Accum/dist and ChiOsc are retail traders selling off shares. i would venture to say, that this looks less like a dump and more like the trading of speculators who either averaged down or entered recently and were satisfied to leave now, as versus hanging around to see what the near future brings. this, as i've said before, is because the word 'long' has little to do with time. its a verb signifying a yearning. pennystock holders have very low tolerance levels for biding their 'thyme'. they would rather cook and sing songs with 'rosemary and parsley'. unfortunately, it takes more than a micro-minute to make a souffle.
i look for this to test the 50 and 100 ma's for support. should they hold, i suspect this will trade the new range and consolidate near the top of the bollies before testing the new 3 month high. volume is key.
when i used ChoiceTrade my trades were routed through VFIN and i assure ALL that i'm as retail as anybody. maybe more so, afterall, i'm 're-tale', a story told thrice daily in Thrace.
as for this being a pump and dump, have you seen any newletters or promotions pushing this? or know of any group plays? when i pulled up a 5 minute chart during the spike it seemed to me that it was retailer shareholders who were taking the opportunity to exit. this volume does not have the feel of a large dump. its certainly not being pumped across IHUB.
and, though i am not suggesting there is no ongoing dilution, i did note that the issued in the filings for the end of March and middle of June was the same. and that the 360M fully diluted that has been noted today includes the 'presumed' conversion of the 32 preferred B shares -- 2.5M per. has that already happened?
seems to me then that assumptions are all well and good, but until they are based on fact, they are nothing more than a guess. and isn't that what the market is built on? i'm personally suspecting something is afoot. or it might even be something as simple as the sector or chart itself - i don't think these guyz do news well.
btw, if you take note of the suddenly current trading range on the chart below, you'll see the 200ma at .0087 is resistance, and the 50ma has a possible support line at .0065. more over, the 5/10/20/50 day moving averages are all lining up, fastest to slowest, and thats an early (if as yet unconfirmed) sign of an impending upmove. generally speaking, the 20ma through the 50ma is very positive. this has the look of a 'potential' runner.
of course, having said that, the RSI6 has gone over 70 so i suspect this will have to trade the bottom of todays range before it can move on.
as always, just my .0068-.0078 worth of thought. feel free to disagree.
best of trading
rich
had to pull out all my loose funds in Mid March and have done very little trading since. markets been ugly, but... no excuse.
so...
on my watch for sells last two weeks of August:
ABPR thin trader. 500M A/S just about fully used. breakout is current area. bid hold over .0008 should send it to .0015-.002
MLHC recent news. needs follow up with continued volume. looks to be building new base at .0002. break out is bid over .0004.
LCTZ custodial case in early Sept. thin trader. basing around .007. once over .012 could go back to .018 and on to .02.
VLNX triangular r/m in process. over .0055 sets up possible run to .01-.02.
SSWH been slowly trending up. break out could be somewhere here in the upper .50's
ugh... chart was looking good. but... ASKH isn't a flippable stock. its a longs play and right now it looks to be in accumulation mode for those interested. if i find money i may add on.
haven't done a lot of posting here lately. maybe that's because much as i enjoy 'righting', i occasionally pine for the company. but, then too, two can be too much too. so... where was i? probably in space, in search of Camelopardus. but i'm grounded right now. and i have some inert stock in my port that may be coming out of hibernation. no idea how long they'll stick around.
INTP recently woke and spiked up to where i could have gotten out with the last of my .002 shares at .005, but i have such a small position -- less than $200 invested -- and it trades thin, so i figured i'd get greedy and wait for a better run. then, of course, it went back to sleep. but i no longer think its dead. i await the Phoenix.
MAGP. took a quick almost 4 bagger on it. had 160k at .0022 and sold at the long standing order of .008. that was too early. should have gotten greedy and waited for my initial target of .02 -- it went too .04 -- but the news and move came while i was swimming and i never had a chance to change the order. no big deal. i had given it up for dead.
which brings me to LCTZ. it popped, went from .002 to .018 -- my pre-set order was at .02, natch -- and i could have exited at .016. i was watching. it happened after a swim. maybe i should stay in the pool more often during trading hours. anyway, i held. i've got 50k at .004 and i think there's the potential for a bigger run here. there are some stocks i keep a portion for a second sell. this won't be one of them. my order at .02 is still there. haven't decided if i want to hold for higher. prolly not! its a hijacked shell. new player, too.
sold 300 shares of TGRP. bought at .50 and when it finally came up to 2.00 on the bid, i let go of some. i was sitting with a small offer at 2.50, but a MM cut me off to sell his shares at 2.49, and i decided it was never going to fill my sell at the ask unless it was running, so i waited for the bid. for most of the last year the spread was something tight, like .11 x .89. naturally it was inert. but then the ask ran away and suddenly it was .50 x 2.50. and then the bid went to .51, .52, .53, .55, .75, 1.00, 1.50, 1.55, 1.70, 1.75. none of it with any size, mind you. so when the bid finally ground its way to 2.00, i said 'thank you'. of course, i didn't sell enough to tank it, just enough to cover my leftovers, 700 shares, and given how it doesn't look done, bid simply dropped to 1.80, i undoubtedly sold early. now comes the waiting game. its a stock not yet two years old and there have been NO promotions for it. i think its going to at least $4-5. but if it doesn't, i've already covered it.
another dead one, MLHC, had news today. there's huge bid at .0001. but... i'll pass judgment for when the bid goes past my hold at .00018. its a lotto play. i have 5M shares.
and EMBT finally traded. spiked up from .20 to .27 x .35 on a few thousand. its uber thin. and currently SEC delinquent. so.... we wait with trepidation. i'm carrying 1.5k @ .47.
well..... that's enough finger chatter for now. who 'nose'? maybe i'll be back on board sooner than later. that is if i can 'sea' past my 'knows'.
oh, fer pete's sake. are you sure you haven't been drinking his rice wine? fifty cents? right! most brand new issued stocks start way beyond their worth. you're paying to get the first tranche of shares.
fact of the matter is, this stock has been trading actively for only one and a half years, yet the year high of .0812 is a 4 year high. as for the likelihood of going to the trips, it has never been below .0025 and that's when there was literally nothing on the horizon other than the talking of strategy.
i don't suppose you've ever seen a stock running up tenfold on a gazillion shares in a real pump and dump that's 'dun' and over with in no time at all? no! that would be pennystock normal, wouldn't it? and no big deal. but this... this price correction from .07 to .02 on less than 13M shares done over a 6-7 week time frame is all the sign you need to know its a p&d. may i ask where is or was the pump? maybe i missed it, cause i've been here for a year and this stock took months of slowly churning upward on low volume just to get to that high of the year.
guess these 'promoters' weren't that greedy. or maybe they don't exist.
when i had an account at ChoiceTrade my trades were all executed by VFIN, and while i may need to be institutionalized, my 'righting' leads me to believe i'm all re:tale. its the story of my life, told over and over again. sorta like how the penny market works. rinse, lather, repeat.
best to ya'
rich
oh! regarding 'pete'. i know its probably for his sake, but don'tcha think he should be careful drinking that rice wine? just a thought
most (if not nearly all) of those custodial cases are all about hijacking an otherwise dead stock. the ONLY foundation those stocks have is that they haven't been trading, and thus haven't been diluting. but been and has is not the same as will and is. once pumped those stocks invariably burst on the hot air that blew them up.
and here's something else for the board to keep in mind....
it is both expensive and extremely hard to make a 15-12 filer SEC compliant. ASKH is the real deal. even if this merger doesn't go through, a clean SEC reporting shell can be worth its 'wait' in gold.
best of trading to ALL
rich
swannie me boy, the ASKH chart was very positive today. ALL the indicators on my chart turned north. as i noted on that board yesterday, it looks like it hit a bottom and began to turn. it doesn't look like there will be shares for me around .015.
its easy to like todays chart. for one thing, slow or fast, it sets up beautifully for an upmove. the stochrsi has an early buy signal, and the impending positive convergence of the macd points to the direction. moreover, a close tomorrow over .035 flips the 200ma from resistance to support, and sets up a test of both the 100ma at .05 and the 50ma at .055.
i suspect we will soon see a psar flip that lights a candle.
best to you and yours
rich
a good filing could and should send this past the highs of the year
though it can be prone to being too early, i usually use the rsi6 as a basis for considering bottom buys. its quicker to the tick than the rsi14. it, too, turned up today.
there's a lot of room for a bigly move here. the rsi14 on the daily doesn't enter the power zone over 70 until this gets to .087, and isn't overheated until .14. of course, chart reading is only a projection into a possible future. but hey! there's a reason they're used.
pasted below is the 1 year weekly. i notice this closed bounded by the 50ma on the top of the candle and the 100 and 200 ma's at the bottom. how's that for chart inference?
all the best of trading to ya'
rich
seems to me a lot of "playa's" worry too much about daily price. but, then, silly me. i always thought that in this game 'long' was either a noun or an adverb, and it was a reference to the increments of time. then i began reading posts and discovered its a verb as in 'to yearn'.
::SIGH::
maybe i'm wrong, but in looking at the charts and reading the trading logs i haven't seen a daily trade or flip here. this has been controlled by the mm's and is still range locked. so you're either in... or out. couldn't be simpler. personally, i like both the potential and the odds, and, to me, that's what counts. after all, its a game of chance and it doesn't have to be more complex than that.
now, i know that on the daily ledger .02 and .03 doesn't look as good as .07 -- unless you're a buyer -- but if a double was or is all you want to settle for, a fine trade on its own, i think grousing on a board is over the top. but... its just my opinion. and what do i know? i'm still holding a small core. and waiting to see if falls as low as .015 where i'll average up.
btw... obv turned up today. and the sto's and williams moved out of oversold territory. chart still needs confirmation, but today might have heralded a bottom and a turn for the better. then, again, given the trading here...
the music must change!
ASKH first came into existence with 2 form 3's -- these are the initial statement of beneficial ownership -- and an S-1 -- the ensuing notice of effectiveness -- in early Sept, 2012. it began selling shares on the market late that year, and Mark Richards made his entrance as President and Director in Feb, 2014. at that time they were calling themselves an acquisition company strategically looking to acquire companies working in the Nantong Region in China. for example, they pr'd the announcement that they were looking to enter the Industrial Hemp sector through a series of acquisitions ultimately to coincide with the launch of Nantong HZ Hemp Co. Ltd.
iow, this was essentially a start-up company 'searching' for a business, and the Nantong business model doesn't seem to have ever materialized. that, fwiw, would explain why there's no accompanying 8-k for it on record.
btw, as Puffadder just inferred, this potential r/m -- i like to think probable is the better noun -- only began to come in to focus last year. some times these things take longer than expected.
anyways, can't say that its always true, but it is often written on the Hub that 'patience pays'. if this plays out!!!!!!!
best of trading to ALL
rich
this week there have been so many matched 10k trades, bid to ask, and, interestingly enough, there hasn't been a trade larger than this mornings 40k sell -- it was an unmatched hit on the bid.
hard for me too to believe the retail side trading in this fashion. there's been some obvious accumulation. chart sez retail is buying. so where are the bigger blocks? or the unbalanced sizes. nearly everything is in 5, 10 or 20k packets.
looks to me like a transference of shares is underway. but, hey! its just an opinion. in this game, the proof is never disclosed until its already a fait accompli.
best of trading to ALL
rich
context is everything. or is that con (the) text? hmmm....
ah, yes. its the pink-penny world. ya know'. story, story, story. a tale scribbled for an idjit. then there's the 'reality' of today. if you drop the i -- no one wants to look too closely -- its just some more 'realty' to sell.
the only question is: are you buying it?
::sigh::
awfully hard for me to look at the current world and stray away from sarcasm. anyways, at least that board served fodder as food for thought. glad ya' enjoyed.
all the best,
rich
you should think of the promotion for Normal Daily Volume: None in terms of cost efficiency. there were nearly 530 posts over the 13 days culminating in 1750 shares traded. off the top of my head -- going to concuss myself if i'm not careful -- i find this equates to the daily equivalent of 40+ posts resulting in 135 shares, costing approximately $100. or, to be more concise, $2.50 a post. considering the quality of posts -- a plethora of stunningly articulated drivel -- i have little choice but to assume that those 1750 shares were the total outlay for the promotion.
good god, man! where else could you find such a compact usage of funding for a promotion? did i tell you i'm in Awe? small town. no mailbox. no phone. but plenty of spam. i've had my fill.
best to ya'
rich
the OTC is all about the illusion of 'potential' as versus the reality of 'actualization', and its a lot easier in the game of stock trading to sell a story not yet written than it is to sell one previously published. you need only to think of the relevance of today on t.v. and soundbytes to see that the universe has become one giant market; and, where there is always room in shallow for the phantasmal, a place built on the elusive 'what if?', there is never any such space when wading amidst the depths of the factual.
sad to say, the truth, when applied in pennyland, is a limiting factor. imagination, otoh, is boundless. there's also the matter that the stocks with defined values and fundamentals tend to be range restricted, relatively non-dilutive, and don't do a lot of promoting. these are the kind of stocks that will often take years to play out to the upside.
but.....a stock with nothing but a story is a whiplash candidate that when its fed -- with shares, natch! -- can go bottom to top, and back to bottom, in the blink of an eye. and what could be more fun than riding a roller coaster with the aura of a titillating cash register at the top of the ride?
::sigh:: don't get me started here. LOL!!
best to ALL
rich
i think the critical point is that the chart gives credence to our thoughts. its one thing to think something, its quite another to prove it.
i'll be sorely disappointed if this doesn't play out to the upside. you are right on point in regards to the importance of the 10k. they had a late filing note in the beginning of 2016, and it took them 8 months before they started to catch up. i can't imagine there being another delay of that kind of length.
the rest of this month could be interesting.
best to ya'
rich
first test of the slowwwwww line since it broke out. in the last two month's this has not only tested the support at the 100ma, it made it resistance, and did so on relatively low volume. now that the pace has picked up, it might be interesting to look at the reflects the action of the trading.
obviously there's a seller. most of the indicators show the down trend -- price, sentiment, momentum. its easy to be concerned. but this is the OTC, where the game is played at a table inside the squared circle. for those who dare to position trade, there's a table for a game counting cards in black jack; and for those who go long, there's a table where the game is 5 card draw, and the cards are turned over one at a time. its not particularly complicated, but... the problem therein is in filtering out the noise. playing the OTC is something akin to going to a casino and finding oneself inside the ring of a WWE event with faces, heels, promoters, refs and on-lookers, all performing in a script written by a Vince McMahon devotee. i have more than once found myself inside a cell during a paper ladder match. the idea is to climb out before the shares get burned in a massive split. but hey! what do you expect from a gambler's game? someone always loses so that someone else can win. 'peers to me, the trick is in learning how to survive.
so...
i've posted a chart below. its the two-month daily, and, as always, it tells a story already past. iow, its a map of what has already transpired; but, though it can't guarantee the future, it can infer it.
to start with, it seems fairly obvious that there's been some pressure put on this to drop. no stock should go be going south unless the selling is greater than the buying, and watching the action via L2, i've seen multiple 10k trades, and wash prints and 50k blocks that keep popping up on the ask. it certainly looks like there's a controlled seller here. more to the point, though the last two days has seen it taper off, volume has picked up, and there have been lower highs to go with lower lows. but....
there are always three sides to every story. there's the one you tell, and the one they tell, and then there's the truth. in the game of pink and pennies, the truth is an after thought. take a look at the chart. WHAT? you thought i posted it for a diatribe? WRONG? i'm here to render an opinion. feel free to disagree with it.
firstly, a non chart related fact to point out. at this moment, the OS is still the same. so where are these tradable shares coming from? to this i must point out that dilution is not necessarily the case of newly issued shares. nor does it have to be shares coming in to the float. it can be a short, prolly a covered one, or it can also be about AVAILABILITY. when posters post of the float getting locked up, they are inferring that most bought shares are being held long. well... longer than momentary. after all, its the OTC.
so! lets get back to the chart that i'm offering for the circumstantial evidence on which i draw my opinion. i'm looking at the CMF, which examines the pressure on the ask. its rising. iow, buyers are willing to pay the dips on the ask. but, of course, i can see that by matching the trading with L2. what i can't see elsewhere are bottom three indicators. they offer two differing purposes that tell one story. the ChiOsc, which shows the direction of the retail, is climbing; as is the accumulation line; but the OBV is dropping, and this is insider driven. what this implies is that the size of available float is growing. and those extra shares can be seen in the sto's and williams, where the selling is stronger than the buying. but it has yet to go into oversold territory, and there hasn't been a large enough spread from bottom bid to top ask to make this a daytrading stock. ergo, the abating of the selling could turn those indicators to the north very quickly.
finally, there's one other non-chart fact that matters. its one already mentioned on the board. and that is there has yet to be an 8-k to announce the failure of the merger.
of course, there's always the soft underbelly. there's no real strength of support below the 200ma until .015ish. just sayin'.
anyways, i remain cautious, but confident. the future is not yet past.
best of trading to ALL
rich
it dovetails, too, with your thoughts of IQ and financing. this is most surely an interesting week for ASKH.
best of trading to ya'
rich
nice to be back. been recently stuck in Limbo. nice town, but no phones, limited email, and the roads are unpaved. before that i was in Cognito, a town under a perpetual haze. lost my whey, which curdled what little i have of my hair, and well... its just another story in a life on a one floor planet.
thanks for the link. will have to check it out.
i don't know... every once in awhile in the age of TV reality, life being the imitation, i have to suspend most of my beliefs and bow down to the wisdom and ingenuity of the new world order. having been keyboard-less for many months -- call me prehistoric. i can't handle virtual keyboards, and texting makes my fingers itch to run away -- i've finally dropped some coin to get a notebook, installed Linux, and whoa! thought i'd consider some posting. but then i read that whippercrack board and realized just how inadequate my knowledge base must have become. despite my having had my market parodies published in newsletters, even had one at Motley Fool -- hell, actually met and talked to promoters, CEO's, IR guys/gals, etc -- as well as having been the chartist for two pink stocks, i've come to realize through the Hub that my day is long gone. posting on the NDVN board is way above my pay scale. LOL!!
of course, its awesome to see how a promotion can be so well done. i'm in awe. nearly 300 posts in just less than 7 days and the volume is incredibly galvanizing. i mean the posts. not the trading. ya know... 3 or 4 trades totaling 1650 shares. at least $1200. wow!! now that's good promoting. or is it? what if they're locking up the float -- its made with root beer and has a cherry on the top -- accumulating so quietly it can't be heard? or is that 'herd'. yeah... that must be it. they're shepherding a new flock. surely all those new born posters are hip to the whip, and they're the best read on the Hub. ya' think?
::sigh::
i miss the old days when you actually had to drill through the filings to get your fill of laughs. one time i saw a stock run off of a filing that stated that for the first time in seven years they were not be newly sued. i kid you not!
oh, well..
best to ALL
rich
5 min ASKH chart.
though its 20 minutes delayed, this chart shows exactly 2 full trading days, and what i see here is simply a continuation of the speculation in my rendering of the 2 month daily chart. once again we have a stock trading in a tight range, with a rising A/D line, and an OBV that continues to fall. interestingly enough, the ChiOsc only just now turned negative. some of the previously eaten float has begun to leak back in. shares are still available here.
i have the feeling we won't be long in hearing news of some sort.
best to ALL
rich
hey!!! a blast from the past. nice timing ya' got. after being relatively keyboard-less -- been Android Tablet restricted -- i finally bit the bullet and got a notebook late last week. spent the last days installing and setting up a Linux partition. i have little nice to say about the big W, and when my brother, a lifetime user of the Op, starts complaining about the Mac, well...
so, where was i? probably adrift in the ether, but its possible i'm back. and speaking of back, ASKH you ask. got a couple charts for you. pasted below is the 2 month daily. its rather interesting, and, of course, i'm to going to offer some thoughts. perhaps another chartist will pipe in.
good to catch ya' here, old buddy!!
as is my wont, i generally post far more indicators than are necessary to tell a story. but the narrative based on the details of them can often be reflected in using just a few. on this chart, i see a range bound stock in the midst of a consolidation following its recent retracement, one which began when the 50ma became a line of resistance. on the 25th of June this closed at .063 and it has not traded above that point since. that is where we begin our exploration of the chart.
though ASKH closed on the very next day at the 100ma, that line of support -- one which had been duly tested and held for nearly a month -- was quickly flipped into resistance when it was subsequently broken on the down side. the question is 'what does the chart offer in explanation?' we can obviously see through the cmf the falling pressure on the ask, the waning to negative momentum via the ppo and macd, the changeover from buying to selling as pertains to the williams abd the sto's, and the dropping sentiment in the rsi, but none of them have entered oversold territory. why not? the answer is there on the A/D line. ASKH doesn't lack for buyers, its being accumulated, and, as the volume increases, its being done in greater numbers. so why isn't it moving up or breaking out?
for me, the relevant indicator here is the OBV. i generally use this to gauge company or insider trading. take note that on the previously referenced day of June 25 the signal line for the OBV began its down turn, and yesterday saw a spike down on the daily. it looks to me as though these shares might be part of a covered short; one in anticipation of the coming merger. in the case of a cancellation, these shares would have then been sold above the anticipated price drop, or, should it go through, those shares might have been accumulated by insiders confident that the deal was closing. as is always the case, there are two sides to every coin. iirc, i believe the share structure is going to change with the merger.
anyways, having written all that, my chart rendering here sez' that retailers, as seen via the ChiOsc, have stepped up and they are the accumulators. this has the potential to get quite a bit more interesting.
next post: 5 min chart.
best of trading to ALL
rich
where there's only one reason to hold -- to make more money -- there are many, many more possible reasons to sell. and when you consider this spent a year or so trading below .03, plenty of time for quiet accumulation, its not too hard to imagine there are a few of those holders/traders who for whatever reason still see fit to occasionally exit or pare down. personally, i don't know how we would all live without sellers. hey! someone had to give up those shares i either wanted or got. and bless those buyers, too. i know i'll eventually need them.
that said....
given how everything about this stock screams thin -- the chart, the trading, level 2 -- it isn't and wouldn't be that hard to see the price here go up and down in whiplash mode; but, in trading almost exclusively to the upside, its held the high end of the range like a real champ. of course, its been rather obvious that there haven't been a lot of shares to be had at once, and those few that have been available have been disappearing in what i suspect is eager anticipation of the nearing event. so that brings me to a small ponderment.
charting stocks that don't do a lot of volume doesn't make for an easy reading of the tea leaves. anybody notice that other than an early test of the 50ma this stock hasn't really tested a bottom since it broke .06?
the rsi14 has come back to the midpoint at 52, and i think that's a nice retracement place from which to take off from. i get no sense of this being overheated and needing a further pull back. but... ah, the ubiquitous 'but'.... today, the williams, fast stos, chiosc, obv and a/d indicators all showed a seller emerged. though i think these shares will be worth a lot more than what's being asked now -- i know i'm not selling what little i have, certainly not here -- i would not be surprised to see this retest the 50ma that is currently at .052.
are we all certain that good news is coming? the setup is awesome, but..
ah, well! can't make the claim unless you play the game
best of trading to ALL
rich
given that there appears to have been no (or rather minimal) change in the O/S, i find it rather interesting that everytime this looks to be busting out there are always more shares to stack on the ask. not sure about my math but i tally over 200M shares having gone off at .0003. with this volume and news shouldn't this by now be testing .0004?
though i love to skirt the boundaries of what is or isn't reality, i'm not generally a conspiracy theorist -- my craving is for more than supposition. so what's with this beast?
wishing best of trading for ALL
rich
AEMC -- thecandlestick pattern on this chart is that of the 'three white soldiers'.
though this might take a moment in some consolidation, this pattern can be very positive. its usually at its strongest when seen as the reversal of a downtrend, but it can also occur in an uptrend, signifying an increase in the momentum of an ongoing bull phase.
otoh, it can also signal the end of an uptrend. tomorrow may tell the tale.
RJDG -- a bullish engulfing candle was formed on yesterdays chart. this is a two day pattern wherein a white candle engulfs the previous days red candle, and, when it comes at the at the end of a downtrend, it signals a potentially powerful reversal as it represents a capitulation bottom.
as always, confirmation is needed before jumping in, and this is generally seen when the next candle has a close higher than that of the engulfing bullish pattern
looking at todays small, tightly compacted white candle, i take note that it a) traded all day in the upper quadrant of yesterdays white candle, and b) bounced off the support line at the 200ma.
as for the indicators on the chart, there's been a positive divergence on the macd -- an absolute abating of the negative momentum -- and both the williams and sto's have come out of oversold territory. while this is not enough for an absolute confirmation of the reversal, its a favorable portent of what's coming.
on a break of the resistance at .014, this should test the 50ma around .017. and, should that happen, a trade above .0175 offers a parabolic buy signal. an indicator to watch here is the CCI. when it gets over 100 this will in running mode.
of course, other chartists may disagree with nearly everything i wrote, and keep in mind i didn't expect this to drop this far under the 50ma, so play accrdingly.
that said, i think this is getting ready. i suspect a run towards .02 - .024 is in the offing.
best to ALL
rich
a shout out to my 'bud' Ian. ALAD!!! zounds!!! those were Ian's last hundred at $8. small, but not bad if you're finishing a journey from .30.
seems to me when a dormantly thin stock gets some liquidity, it can be like adding a rocket booster to your engine.
mark me impressed!
btw, he and i have small 10k holdings in AEMC. its uber thin and rumored, but... $8? i'll be happy with .10 - .20.
this, however, is not a recommended stock. at least, not by me. i'm simply suspecting a near term promo is in the offing, and, of course, i could be wrong. this might have already been the pump.
http://www.profitspi.com/stock-chart.aspx?id=AEMC&ca=675591612
INMG... did you add on? btw...
'sediment'? are you inferring that there's been some erosion there? or that its not weathering the 'daze' very well?
how ya' doing these days?
INMG daily chart
because stocks trade inside of defined channels -- we see this on the chart by looking at the top and bottom bollies -- it is a general rule of thumb that when a stock breaks down sans news, in a sudden drop under the bottom bollie, it represents a good buying opportunity. the reasons for this are twofold. one is that its simply due for a bounce; this is the very short term flip play. the other is that the recent trading range is a more honest reflection of the markets sentiment, and, as such, the price will correct to once more play inside ghe bollies.
as of this posting, bottom to top, the projected channel for INMG runs from .0069 to .0103. though this seems to be a very wide range, the reason for the exaggerated width is that this has recently played at both ends.
which brings me to todays dump. it looks like a flush out. someone exited. so far there's only been a little less than 2M shares traded below .007, and that's not even 2% of the current float. iow, its a small offset that offers little in the way of impact except for those who waste their time in worry while watching the minute-by-minute price fluctuations within their accounts. i can't speak for anyone else, but to me a hold is generally measured in days unto weeks unto months unto. unless, of course, you're minute trading.
btw... i added on today.
to my way of thinking, the 15-12g and its brethern has become a nearly indispensible tool for any trader wishing to stay alive in the pink and penny world. other than the occasional suspension for the egregious promotion, which is mostly flagged due to excessive money volume, the stocks most likely to incur the wrath of the SEC are those who are deliquent in their filing, and though you'd think the scam stocks would be more prevalent, that's not how the game is managed. fact is -- death by delinquency is not only more likely than anything else, its also a finality; there are no ashes from which the Phoenix arises. because there is no deniability built in to not filing, market makers will not re-represent a stock that has been suspended for such a failure. otoh, a scam stock is one that has probably been profitable for nearly all but those still holding when the shoe drops. and, just as importantly, there's a built in deniability in claiming third parties, etc, etc. a stock that goes grey in that case can come back. that said... the 15-12g(d) seems to be the panacea for all missing filings.
are you still in RJDG? on the daily chart below i see an oversold stock that looks to have found a bottom. there's some very strong support here from both the 100 and 200 day moving averages. and i take note, too, that the negative momentum -- ppo and macd -- has begun to wane, and the volume for the last four days has been below the 5 day average. i don't think this has a lot of consolidating left in it. if i find the loose cash, i may consider adding on to my second tranche. i already covered my core and bought the drop, but i mis-timed it and had my order in at the 50ma. who'd a thunk it would retrace all the way to the 200ma. oh, well!
i'm suspecting this will run shortly. lets just hope its not a short run.
best of trading to ya'
rich
a lifetime ago -- before fast chips and algorithm trading became de rigueur, in the days when market makers were numerous, and with only three digits to the right side of the decimal there was no such beast as a trip zero stock -- i did some charting for a small Internet related pink sheet company that obstensibly claimed to earn its keep via the advertising on its webpage, but was in reality a vehicle for the share swapping that we've all come to know and see as the game itself; they made the bulk of their money by carefully selling and then buying back shares, all the while making sure to keep the float as tight as possible. these were professional traders and there was no sense of urgency and no big dumps, just the steady rat-a-tat-tat of the back and forth flipping of the only liquid asset they had. it was all very controlled and my charts were used to time the filings and news releases, as well as determining when to sell, when to hold, and when to buy. back then we worked on the assumption that a proper gestation period for a stock to play in -- from the pregnant pitch at the bottom to the birth as the high -- was approximately 8 or so months, and during that period there would be 2 to 4 rolls where the stock would run, retrace, consolidate, and run again. nutured properly these usually occured every 2 or 3 months. mind you, all this was predicated on the idea that history is generally repetitive, which, btw, is the basis for charting. the reason history has meaning is that the patterns by which it exists often play out in much the same way over and over again.
so... using that as a prelude to a chart, let us look to see what i would have made note of in those 'daze of yore'.
below is the 2 year weekly chart for INMG and it offers a story for the parsing. if you go back to August 12 of 2016 you will see there was a high noted at .01, and then over the next eight months this stock drifted southward, ultimately falling to a relative bottom around .0015. on April 12 of last year this erupted and began a two week run to .032, before retracing and consolidating, and then ultimately culminating with a run to .043 on August 29 of last year. obviously then, those are the indisputable facts. now lets do some extrapolating.
first off, a caveat. basic stock gestation periods have changed over the course of the last decade. more over, the down time has become significantly longer than that of how long it takes to go up; but the basic patterns remain the same. it took exactly eight months for this to create a stable bottom from which to make its turn, and then it had a four and a half month climb to the top before returning to a bottom. so, what does that infer for the future?
time to do some math.
the walkdown from .01 to .0014-.0016 brought with it a loss to a value that was between one-sixth and one-seventh of the high. using the same relative math for the drop from .044, we have here a seven month channel drift to a relative bottom that runs from .0066-.0073. iow, we have a near duplicate pattern, with some of the same rolls on the way down, as that of the previous drop. don't believe me? look at the chart. show me where i'm wrong. the math doesn't need to be an exact fit; it merely has to stay around the same parameters.
ergo... if the recent history is to be repeated, i would look for this to begin to make a move sometime in mid to late April. of course, as is always the case, the chart is simply a map used to project the possibilities, and it offers no actual guarantees. but that's only because charts are historical, while crystal balls are speculative.
in any case, i'm still holding my third tranche, hoping to yet add on in, and patiently waiting to see how this plays out.
best of trading to ALL
rich
market is all about perception. the actual value for a speculator -- we are not investors, we are speculators -- is in the trading and not in the financial fundamentals of the stock itself. if the latter were the case we would be getting residuals instead of having to liquidate to get back funds.
as for DCLT, there has never been enough consistent market here to make this more than the occasional one day, one hit wonder. and that's too bad, because there is a story here with a share structure basis for a better than standard return over both the long and short term holding periods for players who don't want to get locked up for too long. that said, this is a very manipulated stock and i have to assume somebody here has made coin. wouldn't be worth the game otherwise. the question is: 'who?'
when you dig deep enough through filings there's one that makes note that there was a previous one time debt payoff/conversion of more than 80M shares at .0001. its prolly close to ten years ago, but ever since then there has been an oversized blocker on the ask -- especially around .003 and .006 -- and now, after a return from Limbo Limboland this has once again seen a seller rise out of the ashes. why?
i believe the last two runs took this towards .012. could be thusly once more. but...
best of trading to ALL
rich
does it matter where others sell? i always thought in a thin playing stock like this one that the more relevant question was: 'where am i going to get filled?'
had a low volume technical test today on the chart of the 50ma. i think this is a healthy retracement. but, then, i'm holding core and wishing for more. so what do i know?
best of trading to ALL
rich
sorry i took so long to respond.
recently spent a couple weeks enjoying a late spring in southern coastal west, where the ocean is still blue. though there was no heavy warmth to the air, i did some outdoor swimming and, of course, went coatless. that was the norm. but then i came home in the near dawn to north coastal east, where excessive layering is de rigueur-- thermals, hoodies, overcoats, scarfs and gloves. many are the days where i carry a bare knapsack for the sole purpose of storing stripped extras. fact is, there is no true norm here. that is, if there ever was one. in any case, though i seem to remember a time when there were naught but a single hands worth of radical changes, and the seasons segued from one to the other, the weather is now written as a question, and not an answer. its also more aptly spellt as 'whether', which, speaking solely for myself, is rather fitting when compared to the extreme trends my moods travel. as a writer of prose i spend too much time inside my head composing the virtualized tales of my 'daze'. this would be best shown on a chart by the price whiplashing between the bollies, where i pierce both ends as often as once or twice a day. up is down and down is up, and while the sentiment and stochastic indicators are all in either overbought or oversold territory, the momentum indicators are caught in between diverging and converging at the same time. should i buy, sell or hold? that's the question.
which brings me in a roundabout way to where i'm going. and where is that? well, first i'll tell you a parable. i was riding the skiff of my dreams amidst the deep blue seas of the Mediterranean while on journey to Knossos, obstensibly to tour the labyrinth of my mind, when perchance i gazed upon Santorini in time to see fiery Thera erupt in all its splendiferous fury. the next thing i knew i was down for the count; out like a light without a bulb. and then i realized that that was the way of my portfolio. it had been covered in ashes and was nigh Comatose. a nice town where virtually nothing happens.
::sigh::
that's a long way of saying 'i took a break'. what!? i'm supposed to keep these posts short and pithy? fat chance of that happening!!
anyways, i think i'm back. at least, my fingers want to be. got to do some indoor swimming first. but charts are coming, as are musings waiting to be posted. perhaps some dialogue will also emerge.
btw... color me as curious. have you read Jill Paton Walsh's 'Farewell Great KIng'? its a novel based on your namesakes story.
best to ya,
rich