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Shamrock building A LOT of roads...
http://shamrockgeoscience.com/projects.html
SHAMROCK HAS PROJECTS ALL AROUND THE WORLD, see this map below for yourself:
http://shamrockgeoscience.com/projects.html
SHAMROCK GEOSCIENCE OFFICIAL WEBSITE - http://shamrockgeoscience.com/index.html
Succesful, completed construction projects all over the world. There is always a need for construction, i.e. more revenue. They're already having a great year.
Check their wesbite for yourself @ http://shamrockgeoscience.com/index.html
If these .035's fall again, I think we could see a .038 test at some time today. This thing trades so hard when it moves above it's 500 & 100 Day SMA's
Wow you're still here man? Haha, I dropped back in to see what was happening at good ole DEWM these days. I had set a Good For 60 Days order at .0036 like a month or month and a half ago when it plummeted and saw today that I had better come and reevaluate. That .0036 re-entry was based on a technical support level at the the time, so I think it's no coincidence that .0037 is the low. I cancelled the order and am going to reevaluate. I literally hadn't looked at the chart in like a month...just goes to show us you that you can't beat strong technical work, I wish it had hit those .0036's for a small, quick flip at this point. I'll have to check out the chart to see if .0036ish still stands as a good re-entry level.
Nice due diligence on all accounts
I'm thinking that 5 mil on the ask at .0055 is a fake wall. If they really wanted to sell 5 million shares, they would split up the blocks and wouldn't sit so far above the bid all day. I only say this because putting up fake bids on both the bid and the ask has been a consistent trend here, everyone has seen it. I see no true selling motivation; I think it's a day trader shorting, hedging on both sides of the market. Why else would they throw up 5 mil, knowing in advance that its going to push the bid way below their target sell price? They obviously have no intentions to sell there or they wouldn't scare the bid away, it's pretty obvious. They'd wait and throw it up in incremental blocks when it got close. Anyone knows that throwing up 5 mil is only going to send it back down and their order will never get filled. SO FAKE!!! I'd like to see it get tested, I think it would flat ot disappear. We'll see...
Not a bold call, all you're doing is looking back to Thursday, March 18th and seeing where the run started. The trading has been a lot more technically in depth than that...a finalization of the Nova Scotia deal would make that an unrealistic near term target. Stocks like these can seriously retrace, but hardly ever find the bottom that you're looking for unless you feel like waiting a loooooong time. We'll see what happens in the coming days.
Shorts can only play the game for so long...what stock could withstand 35% plus short volume a day for over a month? These moves have little to do with the fundamentals of the stock and more to do with successful shorting/bashing. Just can't compete with 1 in 3 trades being short, good luck to anyone trying haha, only thing left to do is lock up the float, wait on the Nova Scotia deal and watch the short squeeze. A margin call would be nice; I've hardly ever seen this kind of short volume day in day out, it's kind of pathetic with the float only being 375 million, where are they even finding enough shares? Makes no sense: http://otcshortreport.com/index.php?index=slnx&action=view#.U34szvldWSo
This is the only penny stock I've ever been "long" in and the only penny stock I will probably ever be "long" in...With that being said, I don't keep up as closely here with the day to day as I do with the pennies I'm flipping/day trading. Is there newer news or speculation going on here? I noticed I've gained a few hundred dollars the past 2 days and was just wondering what's up without sifting through all the posts.
I wish I had more powder on hand to buy these lows today; I'd grab that 335k block at .0048 as we speak. I'm all tied up in other day trades right now though. The run after a finalization of the Nova Scotia deal would make some heavy profits from this range. It's coming any time now too...
Stop guessing, just play the chart. As always, .0065-.0067 will be the battleground IF the buying pressure keeps up. It was the first blue sky breakout before the 100%+ run up to the .013's and has served as both support and resistance in the trading this week. It's just a natural level here...break through it and you'll see another nice gain into the .007's...the key will be to hold there eventually. A Nova Scotia finalized deal would do the trick after a heavy week of consolidation. The support is now there if the fundamentals fall into place with it.
The key catalyst will be whether or not they finalize that Nova Scotia deal...if they do, then you'll see some nice profit from those remaining shares. I sure wouldn't sell a single one of them until I knew one way or another next week. I think the share reduction PR may be a lead into the finalization of the deal at the beginning of nxt week, all speculation of course. I've picked up lots ranging from 200k at .0063 down to .0051-.0053 today (265k lot averaging .0052) and a small 100k block at .0056. I'm ready to see what happens here. Just because I own the stock doesn't mean I'm going to be unrealistic. Let's see the Nova Scotia deal get hammered out next week, it would be a true catalyst and everyone who is buying in this loading zone will be feeling REALLY good about themselves. The float is only 375 mil, which is the main reason I'm here. I love low float x MJ plays; they have been really volatile this year, and I have tried to capitalize on that ferocious volatility. It's worked very well so far here...made $2300 the first time around in 2 trades (that's a really nice profit by my standards, the 2nd run to .019 was incredible). I would have shorted it from there if there were enough shares available. All I could find were 10k blocks & it's not worth it to me to put chump change on margin. Consolidation is nice, just needs a catalyst to move it i.e. Nova Scotia deal.
This is the 4th straight day of significant consolidation in this range, which is the level that the gap needed to be filled to after the big pop and 3 day run. The same way it was overbought and that RSI was red hot up to .019, it's now oversold and overshorted, natural reversal coming based on the technicals IMO. These are obvious trends...If you see these .0058's & .0059's start to fall, you'll see a significant increase in buying pressure that has already begun. A finalized Nova Scotia deal will blow it through the moving averages into blue skies. It's just a matter of timing to get in beforehand. GL all
That's just not true man...Over 30% of the daily volume has been short for a month. Basically 1 in 3 trades have been short...even more most days, just look right here in front of your eyes:
http://otcshortreport.com/index.php?index=slnx&action=view#.U3YYj_ldWSo
No stock can withstand that short term, but the good news is that when that drastically high short volume keeps piling up on top of each other, eventually they have to cover. I see a mega short squeeze coming if a Nova Scotia deal gets finalized. It's coming at some point irregardless...you can't have that much short volume without and eventual squeeze, it's just hnot possible.
.0065-.0072 is a loading zone before the uptrend to the .008's, anywhere in that range is a GREAT buy right now...0065-0066 had been the first resistance turned blue sky breakout before the big two day run to a HOD of .013 (Thursday, May 1st to Monday, May 5th if you are following on the 60 Minute chart. The following day, May 6th, it hit .019 to make an incredible 3 day climb). It isn't coincidental that we've seen so much volume at this level. Investors and MM's alike have been creating these smaller windows here to accmulate IMO. The rest of today's trading will be interesting to watch. There's obviously more buying motivation than selling at these prices, especially with the large accumulation and consolidation in this window.
That seems like a pretty good range for the near term battlegrounds IF the stock continues this uptrend. It's definitey oversold, so I think we'll see those battles sooner rather than later (not saying immediately). Finalization of the Nova Scotia deal would set it off. Just gotta get in before that happens. I'll probably buy every resistance break on the way when I see that target price on the ask. That's how walls get knocked down and big runs happen...$$$
She's holding up real well right here, all things considered. I think it's poised to make another run before the day is over. I don't know how quickly it's headed there, but an uptrend would point to a climb back up to the 100 Day SMA on the 30 Day/60 Minute Chart, which currently sits somewhere between .0085-.0086...Then we'll see how much strength this uptrend has. A finalization of the Nova Scotia deal would be the catalyst it needs to assault the 100 Day SMA and take off to test the 50 Day SMA at .011. This is all near term speaking and technical work. Need the Nova Scotia deal, would be a HUGE catalyst!!!
Like I said...look at this squeeze coming on a .0066 break. I'm not 100%, but I'd take my chances here for sure...chart work doesn't lie.
It does seem like the shorts have been getting a little greedy i.e. more than their 20-30%. I don't know that it will happen, but you're right, could be a squeeze coming to protect any profits. I bought in originally at the first blue sky resistance break through .0066 before I flipped that 200k the first time around at .013. This was an interesting battleground before and will be once again. That .0066 HOD is no coincidence, simple chart work will tell you what's happening there. If you see it start to fall again, then yea, short squeeze coming.
I don't buy runs unless it's a resistance break...with that being said, a lot of buyers in penny land do. However, they seem to always want to buy on the bid. I don't chase, so it doesn't make sense to me period, but if I were going to buy on a run up, I would think that I'd slap the ask to keep the momentum going, not let there be a red sell back down to me on the bid. That doesn't make much sense, you're virtually killing your own run. If the investors who bought at .0062-.0063 had started to chip away at the 1.2 mil on the ask at .0064, they probably would have caused more shorts to cover and other buyers to chase. Instead, they let it sell into them on the bid and made no immediate profits. Momentum is everything...if you're chasing for some odd reason, at least know the rules on how to keep your run going, not kill it. I chalk bid sitting on runs up to inexperience and a bad thought process.
Just a little food for thought for the day...
It's tough to tell how this thing is going to react, but here is my best guess based on technicals.
If you look at the chart, you'll see that the last gap to fill before the big run was down to .0066ish. There so much consolidation in these levels and below. In fact, my first buy was on the .0066 blue sky breakout. When I saw it falling, I jumped in. Now that the gap is filling, I'm going to make a bet and buy here. If a Nova Scotia finished deal pops up in the near future, then this thing will take off. These are great loading lebvels based on the technicals. Any loss I'll cut with the quickness, but I think an uptrend should start from here at some point, Idk when that is...the NS deal would speed up the process.
People should be nabbing these left and right, there aren't going to be a lot of motivated sellers at these prices, they'll all be closer to .007 and up, not a lot of peeps will want to settle for this IMO.
Technicals don't change whether you're in pinky land or dealing with a Fortune 500 company, same principles of support and resistance. The only thing that throws charts out the window is good press/pr (contract winners & revenues). You can throw all technical bets off the table when good PR hits, but every day trader knows that. Even then, you can still play the resistances as when to buy in before a blue sky breakout. Technicals run the market; if you don't study hard & use charts then you're already at a disadvantage, no other way to look at it.
No, simple logic is based on the chart, revenues & contract winners...not hopes, dreams & aspirations that are convenient for your portfolio. The chart never lies, people do...
Yea and 99.9% of those bad strategies are LONG...Long X Pink = disaster. Protect profits always in pinkie land.
I'll buy some in the .006's or if I see it breaking through the .008-.0081 resistance...only 2 ways I pull the trigger today.
Fair enough...I just want to see the Nova Scotia deal go through now. Everyone seems to have completely forgotten about it.
Flippers/Day traders don't chase...they hit targets for the bounce or buy resistance breaks into blue sky territory. "Chasing" lmao, nobody is chasing SLNX anywhere man. If it makes some parabolic run like you're talking about, great for you...I hope all you longs make a ton of money here. It's not going to hurt any day trades one way or another, maybe a few shorts, but not savvy day traders who play the market for a source of income. I just play the chart and come out on the right end more times than none (83% this year so far). I'm not unrealistic thinking I'm going to get rich overnight in the penny world; I just protect profits and make bank weekly.
Always gotta blame it on the flippers lmao. How about putting the blame on SLNX for not following through on the Nova Scotia deal in time? If they had finished that agreement, this stock would have shot through that 100 Day SMA. No one is to blame here except the company itself, there are flippers on every stock. Long X Penny Stock in the same sentence just sounds disgusting to me haha
Buying pressure doesn't just appear out of thin air...they need to follow through on the Nova Scotia deal that got pushed back 15 additional days. That would help things drastically.
bounced right back down off that 100 Day SMAon the 60 min chart, I thought that might happen...gonna have to pop through .008-.0081 to make any move. 50 Day SMA on this chart is sitting up at .0117. There is room to run if it can pop through that first resistance, but it will need more buying pressure...everyone wants cheapies in the new loading zone, a Nova Scotia finished deal wld increase the pressure IMO.
gahhhhh I just got home, missed the dip dang it
Incorrect, I don't chase anything. I keep 10-12 stocks on my radar all day and buy when it hits my target or starts to clip through a resistance into a blue sky breakout. I have a plan before I'm in based on the chart, and I don't shy away from it to a certain extent. Anything over 20%-30% profit just depends on how greedy I want to get...I'm usually pretty conservateive. If anything doesn't go my way, I cut miniscule losses with the quickness. I just protect profits and make a residual income...I would never be "long" on a penny stock.
With that being said, I hope you make a ton of money here man. I would never wish ill will on anyone. If this thing takes off and shoots for the stars then awesome for you man, it's no big deal to me, I don't "chase." That's just a disgusting word in my mind lol.I really and sincerely hope you make a bunch of money on this stock, all of you...and in the meantime I'll do the same while you guys are on the way up (and down). GL to you
I had only been buying 200k blocks, but upped the ante to 500k when it hit below my target buy back range sub penny.
agreed...made $2300 last week selling at .013, then reloading on the dip and flipping again at .019. I'm not a huge fish, but I have some powder to work with. It was a really, really nice gain by my standards...especially holding for the short amount of time I did on each trade. Let's make some more dough man!
Haha its funny that you and I were both predicting this huge pullback (far more than everyone else), nailed it despite all the hate mail we got...now we're both in the same boat in our thinking on the way up. I was never bashing the stock, I like SLNC and its future outlook, I was just being realistic about what was coming off that huge run. GL man, lets make some dough on another nice flip then do it again haha!
Wish I would have loaded up some more .008's off the 100 Day SMA from the 60 Minute 10 Day chart, would have been a nice flip.
How about you guys put some actual substance in your posts rather than "headed back to .02 soon!" or "this is gonna fly." That's all just cheerleading...add some technicals, chart work, dd...anything!
next test will be around .0117 if it can get back up there (Idk when but I think it can). That was a former resistance and is currently the 50 Say SMA on the 60 min chart...should be a battleground.
What should I wait on? 3's? 2's?
.0001's???
Still a loooooooong way to go here...about a 100,000,000 shares of .0006's & .0007's worth (not mentioning all the new sellers that will pop up). Going to need some substantial news abot contracts or earnings to move that big wall.
Thank you man, that's all I was looking for. I appreciate it.