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Oh I'm not holding anymore, I dumped near the top. I'm just laying out some minor TA for those who think this thing is going "to the moon", because it's not.
Falling back down to the 90% retracement @.0049 then will trade sideways and bleed out
May need to cut my losses here soon. This thing is going to turn into a landslide
Just out of curiosity, what makes you think there won't be another PR or "catalyst" to start the hype? I don't expect this to be my ticket to the millions, but I have already flipped this for some nice gains, small and large. The only thing I care about is TA. If there is news, then great, if they come out with a bogus PR, then great, I'm just playing this to the best of my ability and judgement
You do realize that a pop to say .03, which is very possible with this stock, is roughly a 300% gain, 200% gain if you get in late. To be honest I'll take 10% gains all day, and this stock can give me that on the daily. You just have watch and see when and where the volume is coming in and when the mms are dumping. Personally I will be adding whenever it reaches down to .011 and below and will sell at .012+, while accumulating free shares along the way.
You're right, actually I would say this time the stock is going to run harder than it has ever before. Reasoning as to why: more states are legalizing/ decriminalizing marijuana, more universities have been granted the ability to grow and test hemp, the presidential election is right around the corner, and a bill passed that will enforce renewable resources which will ultimately drive out gas companies and industries that are bad for the environment (unless they can find alternative methods to produce their product). And lastly what do we know about Hemp? It is applicable to all fields of industry especially the big ones like healthcare, basic goods, and industry. This company may have absolutely nothing to do with hemp, but they have the name that everyone will want and that's what will matter in the end.
I'm not denying this stock is manipulated, because anyone with a brain and some trading experience can see this thing is a scam. The phrase 'history repeats itself' comes in handy when analyzing this chart. 1st run in 2010 went from .01 to .06 then fell back to .01. The second run in 2012 went from .01 to .08+ then fell to .03 and blasted off again to reach .15 then fell back to the .01 range. Finally the most recent run in early 2014 went from .01 to .32+ and has fallen back to .01. Do you see a trend? Also if you do the math .01 to .32 is roughly a 3000% increase. So those promoters weren't wrong, they just knew exactly where they needed the stock to be to make the profit they wanted. Yes the market is unpredictable, but when a chart lays out its structure so clearly it's hard not to take advantage of these opportunities. The great thing about the ticket is the symbol. Once Hemp is legal to grow nationwide you can bet that this name will be picked up by another company. Kind of similar to the dot com boom when people start buying up domain names.
This will most likely return back to the .011 support, you just have to wait it out
The volume has been above average the past few days. There have clearly been more buyers than sellers, the RSI is good for a run, the Macd is bottomed out, the A/D has been gradually turning to the upside, and this is the overall charts bottom. When I say bottom I mean that over the past few years this chart has been all over the place, but always settles as .011. Good area to flip and accumulate free shares for the next monster run.
Some nice buying pressure today, should be interesting tomorrow
Well you have clearly done some serious DD. TA is a marvelous thing though, and along with this charts history it is clear there are opportunities for monster gains. This stock is a scam, I'm not going to argue that, but if you look at the history of this chart .011 is the bottom, with an exception of one time when it reached down to .005 for a hot second. Each time it blasts off it runs hard and has exceeded its previous highs. We have once again reached the bottom. The volume has been increasing over the past week, the RSI is nice and cool, the Macd is shit, and the MFI is gettin hot. I see a few bumps for potential 50% gains then retracements back to .011. Overall this thing will blast off again it is only a matter of time. If you are a trader I would recommend playing the chart rather than trying to unravel the scam. Look how much dilution has been going on, I'm pretty sure people know not to invest, or at least I would hope they don't. But flipping this thing can make you come serious cash if you have the stomach for it.
.50 support broken, should see a nice bounce maybe after the market settles down a bit. Will be lurking in the meantime
The overall market is reacting horribly to the global economics (Greece/ China). Most of my watchlist (long plays) are in the red between 3-7%. Predicting the next few days or even weeks will be tough. Until they reach an agreement I can see the markets trading sideways or pulling back a bit. Luckily the healthcare sector has been running strong all year, but this particular stock is clearly being manipulated, almost like a penny stock, and that is unsettling. I will average down one more time at these levels and then will just ride it out.
I would hope that this is the bottom, but the way it has been trading makes me question the legitimacy of this company. I say this with restraint, I can't see a billionaire being involved with a scam. But then again you don't make that much money without fucking some people along the way. I fully expect it to trade in this range for awhile though. The shorts are in charge and there is nothing we can do until there is substantial buying pressure. It's really just a waiting game at this point.
Are stop orders public information? How and where would MMs see that information?
Stop orders are the opposite of foolish. It keeps people from losing more money.
I feel like stop orders are the oppostie of fooli
We are looking to hold the 2.39 support. If that breaks who knows where this will go
Just looked at the entire history of the chart and this seems to be the bottom. It did dip down to .005 at one point, but immediately returned to the .011 range. This will most likely trade sideways in this range for a few weeks if not months and then blast off. If you look at the entire chart you will see that each monster run pushed higher than the previous. If history repeats itself (which it has with this particular stock) we will see another monster run, this time higher than .30.
I will be flipping at the bottom while accumulating some free shares. Good luck
This stock is getting beaten into the ground.
You're right, this thing could get manipulated pretty heavily. With the presentation next week though I think it may go up a bit more or at least stay steady before finding its absolute support. If it breaks 3 I see stop orders executing left and right, which could drag it lower. I'll be holding and waiting for my opportunity to re enter on the side.
Shooting a little low there don't you think? There's a lot of supports this needs to break before 2.50. It may dip below 3.00 for a moment, but you can bet it will shoot right back to the 3.20s. I have a solid core I'm holding long and will flip in between, so I'll take whatever I can get.
In at 2.81, sold half at 3.55. Will buy on retrace @3.20 and will hold until $6
We should see a gap up tomorrow, depending on pre market activity. I expect a nice 10% gain out of the gates, then up and down movement the rest of the day. We may see $4 within the next few weeks, but I wouldn't expect $6 before the end of summer. Grab a long position and play some flips in between. This is a goldmine.
Holding up nicely so far this morning. I'll take sideways trading rather than a fall back down to 2.68, but with the way it has been trading 2.68 may be where it settles at the eod.
Blue skies breakout coming
Well considering we reached into the 2.58s the past two days I would have to respectively say that you are incorrect. From the most recent bounce we retraced to the fibs 90% mark (2.58) and bounced a tad back to 2.68. I'm hoping we can continue to move up otherwise we may see more dips into the 2.50 range. Wouldn't surprise me at all with the amount of shorting going on.
Is the stock halted? It's weird that there is absolutely no volume
SNSS in breakout mode. Has closed above previous resistance a few days in a row. Golden cross forming on all charts.
SNSS in breakout mode. Has closed above previous resistance a few days in a row. Golden cross forming on all charts.
SNSS in breakout mode. Has closed above previous resistance a few days in a row. Golden cross forming on all charts.
SNSS in breakout mode. Has closed above previous resistance a few days in a row. Golden cross forming on all charts.
Golden cross forming on all charts
I think we will see 2.50s this week. We bounced nicely, but we couldn't continue the rally. Hopefully some good news pours in.
Well, if you were to have seen a 200%+ gain in your portfolio wouldn't you have sold also? The thing about P&Ds is that there are people who profit and then people who trade on emotion and believe that this stock will bring them from poor to riches in a week. These charts all look the same and once you see two consecutive days of a run up you better expect a hard dumping. Stick with blue chip stocks they won't burn you as bad
The range has tightened up
Who thinks the shorts will cover the last hour of trading like last Friday?
I have no position as of yet, am waiting to fill at .02. These should be a nice fat bounce right around this level. It may dip slightly lower, but I would rather be safe and have the order fill than miss the bounce because of a couple of ticks
Yea you're right, that was the wrong board. That was foolish. I'm gettin all these P&Ds mixed up
The funny thing about these P&Ds is that if you catch them too late you will inevitably lose money. Clay doesn't cause these charts to tank, the massive sharks that bought at the bottom and then sell at the top while you buy is what causes this to go down. He simply finds a chart, off of his scanner, and then does some quick TA. That's it. He doesn't tell you to buy or sell, that's on you. Don't hate the player hate the game