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This mornings run is the perfect example of how strong momentum can play in a chart. To those who stomached the halts and profited 100%s, congrats. To those who shorted to this point, congrats. To those who achieved both, I have nothing to say you are beasts.
When are you looking for the next bounce to occur?
You think it's a good thing that the investors here were not confident enough to hold and retain some of its gains today? Until news hits this thing is going to continue down. It is very clear there is dilution. Not bashing just stating the obvious
All of these shorts must be scramblin
Could you please provide a link where it states a $30 price target?
The way I interpreted your message was that my analysis/ opinion was outlandish. Many times when I post something that people don't necessarily want to hear i get aggressive responses back.
So maybe I overreacted, in that case I apologize for my reaction. You are right it is currently trading at previous levels. If you go back into the chart history a few years, more like a decade or so, you will see that 15.30 or so was a level the chart bounced off of many times. 21 has been a support in the past, so I do see this trading above that for a period of time. I think there will be a serious fight between the Bears and Bulls as the months move on and the election grows closer. If 20 does not hold the next level of support is 15, which should be the absolute bottom, news pending. I like when I have someone opposing my opinion, it forces me to back check my analysis and strengthens my DD. I'm not here to argue, I am here to have a conversation regarding my knowledge of analysis and your knowledge of the company. It will be interesting to see what catalysts get this thing moving in the right direction. In no way am I hoping this stock/company falls any lower, but my analysis suggests there is weakness in the chart and strength in the trend
I'm playing the chart. There is a clear down trend yes? Right, ok, well based on that and the major levels of support this has blasted through, my better judgment leads me to believe this may continue downward. The next major, super mega major, level of support is around 15. The fact that it fell through 21 indicates that it very well may not have found a bottom. I believe it will bounce off of 20 and find some resistance around 25. In which it may trade in the 20-25 range in search of news. This is a pivotal point in the chart. If news hits, and it has to be good, then the trend may reverse. If no news hits then expect a continuation. I'm not sure why you are so fired up. I am not guaranteeing anything, this is all speculation. But, hey chart structure and technical analysis go a long way. If you truly believe in this company and know for fact that it will bounce back, then what I say holds no weight. Keep averaging down and maybe one day you will be rewarded. Personally I like to see some support in a trend before putting my hard earned money on the block. I like this company I see major potential, but I will not act until I am certain there is money to be made in the short and long term. Take what I say however you like. I'm not forcing my opinion on you I am simply voicing my thoughts on how I think this will play out. If this magically shoots back above $30, then you can say something. Until then get off my case
I've been following this for sometime, but sadly never grabbed a position until recently. After the first gap from 80-100 I was certain it would pull back. Once it reached 105 I was certain it had found resistance. Right around 120 I was like this is it, we will finally get a healthy pull back and will continue pushing. Well we are trading above 150 with pending news of a Star Wars "partnership", or whatever you want to call it. Typically August and September are slow, but with increase in revenue and the recruitment of extremely notable celebrities this thing has no slow down in sight. Unless of course we hear of a lawsuit, but it seems that Skx are the ones suing people. I finally picked up a small position at 147 yesterday on the pull back. This chart is easy to play and has very strong support from investors and employees. Analysts rating are overwhelming buys with some holds. High prediction is $208, mid range is $160, and the low end is $125. I'm in for the long haul unless something devastating occurs. I would expect to see a split at some point and potential dividend offerings. Nike will be a thing of the past
If you can handle the trend with the knowledge of this climbing back up, then you are stronger than I. Personally, even knowing that this will eventually return to previous levels, I still wouldn't be able to grab a position until it levels out and the swing begins. Losing money is not something I like to do even if it is in the short term. I will be lurking along the sidelines until I see I good opportunity for a flip or a good starting position. Best of luck
I agree with what you are saying and I'm sure the news from nrg is good, but it is clear that the market as a whole does not feel the same way. I think this sector can compare to 3d printing, in that we see 3d printing being applied to many different fields, primarily and most importantly healthcare and design, yet none of the 3d printing companies are doing well. We know 3d printing is the future, it has definitely proved its concept, and is applicable in many ways, so why are we not experiencing a printing boom? Your guess is as good as mine. For the case of alternative energy, Obama just released a video stating that there will be a reform bill very soon, but I don't see any diversified utility company excelling on the news. There is going to need to be some hard proof and support behind this movement in order to restore faith in these companies. This will not happen over night, therefore this company along with the rest will continue in their trend until some sort of mega catalyst turns everything around. In the longevity of this chart it seems that the closest support is right around 20.25 or so. If that breaks, which I personally think it will, then 15.30 is the next and most important level of support. And to be honest that may even fall through, judging by the strength of the trend. For all of those who are long I understand this sucks, but average down. Nrg will be the east coast leader and will probably make partnerships or be acquired with/by some big name companies. This will be a $100/share stock within 10 years. All my opinion of course
What news do you see dropping in the near future? Until alternative energies start to pass in the senate this thing will continue to slide. If it breaks below $20, expect a ton of stops to trigger.
Finding support around the upper $20s. Without any news regarding alternative energy I could see this continuing to slip into the teens. It could very well find its final support at $10, which then I will load the boat.
Sorry to hear that, these biotech companies are tricky. I've been looking into the healthcare sector, because it has been consistently trending up and I was curious as to why it was so much higher than any other sector. Granted it is healthcare and will forever be advancing, but put that aside. If you were to take out all of the biotechs that have blasted off this year (og*n, ny*x, an*h) the sector wouldn't be nearly as impressive. Now I haven't been trading for all that long, but it seems to me that this s the era of the biotech, similar to the rise of the dot com boom and recently the "green rush". I'm not really sure what to make of my findings. I may just stay away from investing in biotechs and will get in for the swing. They are too volatile and unpredictable, hence the massive drop like in ATNM, sn*s, aa*l, and bi*d. Good luck
Not to be a nasayer, but what makes you think the dilution will stop even at these levels? It has been very clear that there is manipulation going on here. And if you think they will let it run just so they can sell at a higher pps then they would have done that awhile ago and let it go to $4 or higher. Unfortunately I don't see this going any higher. It will continue to trend down until some sort of substantial news hits. I'm just as upset about this as you are, I lost money, I just happened to get fed up before the massive sell off.
Expect continued dilution, only news will restore investors faith
Wow. After all of the dilution for the past 2 weeks I finally put emotions aside and took a pretty good hit to my portfolio this morning, nothing I can't come back from, but no one likes to lose. I made the decision to cut my losses at 2.12 with an avg. of 2.64 (my initial position was bought at 3.00). As much as it sucked to solidify that loss I could have been in an even bigger hole after the lunch time dump. I'll be on the sidelines watching and waiting for news. It is insane how quickly things can go wrong.
12 straight days of dumping. Something is wrong here
I think skx will surpass nke within the next few years, not value wise, but through global reach. They have a much more aggressive business plan and are constantly inventing new technologies for their shoes ie. hidden wedges and memory foam soles. Too many good things to come especially this year.
I'm going to start a position today. Upside is $208 and with the pending release of the Star Wars line that coincides with the release of the movie. I see it moving much higher. I can't believe they do not offer dividends.
When is this company finally going to fold.
Double bottom bounce plays are my favorite. I haven't done any TA on this one yet, but I will once I get to my computer. From the looks of it another 20-40% is very doable. I'll be lurking
1:10
A dividend is
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves)
Dividends are not additional shares paid to investors.
Hemp will never be a stock that pays dividends, not in this lifetime at least
What is your consensus of my previous predictions? This may bump back up a bit, but after that expect that .70 support to fail and fail hard.
I like how no one believes that this penny stock will go back to .01 range. Aside from the obvious pump and dump runs where has this been trading? Oh that's right in the .01 range. For all of those believers out there take your profits and do not invest in a clear cut scam. And don't tell me "well they have videos and press releases." Any idiot with a computer and some level of competence can right a bs release
Such a quiet board for such a hot runner
How has this company not been halted yet? Toxic dumping for months and no substantial news
You've been long in ATNM for 5 years? Have you been shorting for 5 years or holding shares? They have clearly been selling shares to fund their processes. It seems that is has found a solid bottom and with the funding from frost there should be some support to get this thing moving back up.
Is today the day that the bottom falls out?
If you are looking for a quick flip this thing should bounce off of the .0158 support for a nice little gain, but will continue to slide into oblivion
Be careful with this stock. Investing here will burn you. As you can see from the history of the chart this ticker is extremely volatile and manipulated like no other. It will bleed out for a few weeks with some minor recovery days, but most definitely will not pop back above
.024 anytime in the near future. All of the pumpers will tell you different, but the structure of the chart tells the story, not the people trying to get you to buy. I do believe this will pop above the most recent high of .30 again, but that won't happen until the presidential election.
Because the news doesn't actually pertain to this company. This run was also a dead cat bounce and will continue to bleed out until it reached .011 again. I feel bad for those who bought 1,000,000+ shares at .022. Buncha bag holders now
The inevitable pump and dump is the only reason I hold a position at these levels. With the right news and uneducated investors this thing will pop 100%s.
Gap up tomorrow above the resistance at .024, then the dumping begins
The ticker name is one of the big selling points. They made a smart decisions by getting the rights to this ticker, so eventually when Hemp is legalized they can sell the name. Very similar to the dot com era. This charts timeline tells the story, I'm not here to convince you. I know my plan and I will stick to it.
I'm not going to pretend I know the numbers. Judging by revenue made from the states that are legalized, we know that this sector is a multi billion dollar market. I don't know much about their products. I'm not an investor here, meaning I don't have any money in it, but I do have free shares that I will continue to accumulate.
I completely disagree with you. Although my current stance on this ticker is that it will return back to .011, I believe it will surpass its previous high of .35 right around the next presidential election. With the inevitable re scheduling of marijuana and the endless applications of hemp this ticker, related to the MJ business or not, will take off again. It's just a matter of time. Hype makes this thing run like no other. Just look at the last run that was generated from the signing of the hemp farming bill. It had nothing to do with this company or their product, yet the stock jumped 1000%s. Keep that in mind
So where do you see this going?
.025, .05, .10,
I'm not sure how I'm wrong. Where did it hit bottom? And where is it currently trading? I see at least a 40% gain from that bottom level. It was a great TA play. I noticed the volume slowly increasing days before as well as support at the higher levels. I may have been wrong about it coming back down immediately, but hey that's the market and hype goes a long way. I was being extremely greedy and wanted to get some shares to flip below .0116. I didn't get them and missed a nice jump. But I still have a ton of accumulated shares, so I'm not all too concerned. I will get more once it settles down from this dead cat bounce. If this starts trading consistently above .02 for more than a month then you can come back to me and tell me how wrong I was. Until then my predictions and assumptions are still on point.
I'm not sure how I'm wrong. Where did it hit bottom? And where is it currently trading? I see at least a 40% gain from that bottom level. It was a great TA play. I noticed the volume slowly increasing days before as well as support at the higher levels. I may have been wrong about it coming back down immediately, but hey that's the market and hype goes a long way. I was being extremely greedy and wanted to get some shares to flip below .0116. I didn't get them and missed a nice jump. But I still have a ton of accumulated shares, so I'm not all too concerned. I will get more once it settles down from this dead cat bounce. If this starts trading consistently above .02 for more than a month then you can come back to me and tell me how wrong I was. Until then my predictions and assumptions are still on point.