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Faceless Man
See your still posting at CDNL. Please remember capital preservation is as important as gain. Maybe more so. It's harder to make back losses, then get larger gains, because you have less cash to do so.
CDNL has nothing but negative technical indicators, with a negative chart pattern. Plus todays red day was on increasing volume.
Caution
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=1&dy=0&id=p44314675710
A wealth of experience in these old posts.
Thanks to BOS creating this. All can read some old posts on different subjects.
Forget most of the info in section II. It's old OTC stuff, but well worth scanning through.
What I'd like those new to do, is read section I posts, on creating a business plan!!! Very important part of trading is thinking of it as a business, not side occupation.
https://docs.google.com/document/d/16qLgKSlDTPnFZOltmVHp1WLCTwe1SOE9XpWlC1vjC04/edit?pref=2&pli=1
Experience: The answer to most success.
Bit by bit gets you where your headed safely.
I've gotten involved with a few trades lately which were not TA & chart based. They were OTC & gold speculation. Not my normal MO!
Normally I swing trade chart pattern stocks on a 2 week basis.
But they all had target prices and acceptable losses, planed before entry. The portfolio portions allocated for swing trading, in my trade plan was distributed equally and trade style rules followed on all.
I am a machine. Only play what I want, not what pops up in front of me. Look for what I want. Find chart target price of chart pattern, determine entry price, gain target exit price and determine acceptable loss price. Enter, place round trip order as per plan. Only alter to preserve gain, not increase gain. Always be happy with what I get. Look for the next play.
It's a lifestyle.
S&P update
Link back
6/10
GOLD
I'm watching the S&P fall and gold run. My gold plays have been a mixed bag. What to do, what to do?
GLD is reaching top resistance, the S&P has filled it's gap below. We have several gaps above @ the S&P now and several gaps below with GLD. 90% of gaps fill
It's time to get out of gold!!!
I sold BAA the last week for -1% and got caught in breakout spikes, 3 days ago, in THM & VGZ. Sold out of all today.
Plans were looking for 20% at VGZ and 10% at THM. Closed VGZ for +22% and took -5% (half the planned target) loss at THM. For a grand total of +16% in 2 weeks.
IMO all should be done with gold.
It's called homework. Everyone scans for different things. And uses different scans to zero in on what they are looking for. There is no 1 all encompassing scan to reach ones goal.
All I can say is use what you are presently comfortable with but the end goal is to find unusual volume spikes. Then read the filings for that stock.
I use maybe 6 or 8 different approaches to find volume spikes. Not all relate to the OTC, I also check on the American exchange. you can find many under a buck there.
Hopefully you'll end up finding this; see the volume? read the filings! There is a reason someone wants to load up at stock price lows!!! Their in the know, they have a plan. Watch for them to execute that plan and "Do what the big guys do." Once volume dries up the big guys are gone and so should you be.
http://stockcharts.com/h-sc/ui?s=GTHP&p=D&yr=0&mn=3&dy=0&id=p81561791769
There are several types of deals going one. From funding, to warrants, to registration of shares for sale, to new Series C1 preferred stock.
But the main thing is the large volume spikes happening with little or no price changes.
This indicates someone is loading up under the radar (no news) so that someone should be an insider who understands all the reasons for the various deals happening in the last few months.
http://www.otcmarkets.com/stock/GTHP/filings
Only 1 thing wrong with that info. It says predicts future price movement. People predict, charts project. And charts project because history repeats, more often then not.
It's correct in says increasing ones ODDS for success is the game. And TA & charts is the best way to increase ones odds I've found. But success requires more then increasing ones odds for a winning trade.
You need a plan, rules and decision making basic, simple and clean. Don't become over involved in support of your decision. Clutter causes doubt and doubt causes indecision.
So to become a successful trader rely on TA & charting, plan each trade before entry and follow your rules.
What makes me check news & filings for funding is any large single price / volume occurrence in the chart.
Mainly it's volume I'm interested in. As that is an indication of increased sentiment. And the only thing which changes sentiment quickly is normally news.
So to answer your question, I'd say check for volume spikes. Not increase but spikes. It doesn't need to include price, but usually does. If you see one with volume spikes and no price along with it. You found someone (usually in the know) loading up before news.
Yep look for volume spikes.
I have 2 questions before we get started.
What made you buy in and what day.
Volume isn't indicating that. Also the CEO released another hype PR. So he's still trying to help his funders get there larger ROI.
I'd like to cover those subjects a little.
First: Of the 3 OTC stocks I found and played. I have not seen any unusual volumes indicating any funders are selling into the runs which occurred. I'm not sure what to make of that yet. But still happy I found a semi-reliable way to be there at the first rung of a ladder.
Second: Event though these days, aren't like the old days on the OTC. The human aspect to growing your startup remains the same IMO. Funding drives growth and all OTC startups need funding. So if I see funding deals close for share conversion, I expect management has been talking to their funders.
If their talking old debit, they're probably talking new debit! In order to talk VC's into conversions to close old debit, management needs to assure them some how that they will make a profit. Odds are new debit requires that profit to be realized before any new funding deal.
So management has a vested interest in the stock price to rise. This is why you always see an increase number in news releases, while funding is being discussed.
So if I see continuing news releases on management's part. I feel/think the VC hasn't seen it's profit yet.
All speculation and guessing that this aspect of the old days is still the same now days. How the VC trades it's new issued shares for their profit is still under research, on my part?
I'm thinking VC's buy that price run down. And use those shares to cause the first runs. Holding the new issued till price gets higher. But I haven't seen any help by VC's when the first run stalls. I use to see them use their new issued then, for the second wave. But not happening now days. So I need more info to understand their new OTC game.
I need some questions here. Come on new to the boarders. There is no reason for coming back and posting, if no one is interested in learning.
OK; OTC research update.
Closed my 3rd OTC stock for the 4th strong gain trade.
So it's time to say;
Looking for New funding; stock issues, on OTC plays before a run. Has now formed a logical pattern. I found 3 and 3 have been successful.
At the big boards;
Hope readers are following my plays. To see how I plan and execute, my rules based trading style. That's the only reason I'm posting about these.
I exited BAA for a small loss. That gap up that close me early, is filling below. Ouch LOL
BAA
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=3&dy=0&id=p79813084396
Entered VGZ & THM for 1st small positions. Both caught my standing orders on emotion today, in my gold plays. I hate emotion!
VGZ
http://stockcharts.com/h-sc/ui?s=VGZ&p=D&yr=0&mn=3&dy=0&id=p67060584813
THM
http://stockcharts.com/h-sc/ui?s=THM&p=D&yr=0&mn=3&dy=0&id=p82210222482
Watching NYMT as it retraces, as expected.
NYMT
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p96946182593
And holding (which may not be wise, down 5%) TA there is turning exit time. Give it another day. Then take my loss, while it's still small @ RUBI. We'll see. I love that unwarranted gap. So will keep watching. LOL
RUBI
http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=3&dy=0&id=p51971111838
FDBL up date
Just closed FDBL early for +53% @ .013.
Coming to the end of the 4th day and I don't like the 2 emotion gaps up. Protecting gain. Plan is to re-enter if .014 (Original target) (Support/resistance) is broken.
Plus thinking about my runs last 3 to 5 days Rule of Thumb. I may miss some, day 5. But capital preservation is always within my trade style. Hope readers grasp the logic in that style.
You can always re-enter, but you can't stop a down turn. So If I expect a down turn and have gain. I often exit early and re-enter on continuation.
I teach your allowed to alter your original trade plan to protect gain, but don't, to increase gain. This is an example of that Rule.
Now lets see if I miss any, how much, and if I get back in!
Welcome to my mind.
FDBL "hunch" up date
I'm half way to my .014 target in 3 days. + 27% so far and recommend any playing Strong watch Monday.
Todays gap open may just have been a little to early. May require quick action to preserve the existing gain. Then re-entry on any continuation north. Just a plan, within a plan.
Mainly because TA indicators have not all confirmed entry yet. So my comfort level is not as strong as it could be.
"Capital preservation" Realized gain is as important as Overall gain, in any trade along the way.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=1&dy=0&id=p88351195097
Ps; Expected todays S&P action. Never understood why the heads & Shoulders pattern failed. Or why the MAY 25th gap up didn't retrace and fill. Filling gaps is something the S&P rarely misses.
I find it possible the 2040 support may fall on an expected retrace. One may re-evaluate one's big board holdings. Watch out for the all boats thing.
Just a caution heads up.
Today the S&P's down day was to strong not to hint a change in psychology. Looking for retrace to fill that gap below. Hope support holds after, then a continuation climb to fill the gap down above, today opened.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p92832954176
At the big boards I've added THM & VGZ to my list of possible gold come back stocks, with BAA which I hold.
Looking for both to break resistance. Both had strong days on volume increase.
THM
http://stockcharts.com/h-sc/ui?s=THM&p=D&yr=0&mn=3&dy=0&id=p63215086532
VGZ
http://stockcharts.com/h-sc/ui?s=VGZ&p=D&yr=0&mn=3&dy=0&id=p05898864267
In Pennyland; lets put GTHP on "Expect A play to start."
http://stockcharts.com/h-sc/ui?s=GTHP&p=D&yr=0&mn=3&dy=0&id=p81561791769
Lets just say lots of under/behind the scenes action. Their reporting it, but no one is following it yet.
Also keep an eye on PHOT. To date it's a day traders stock. But I'm expecting something to happen there. It's a weekly watch for now.
While GTHP I plan to take a small hold for now.
Play at your own risk. These are guessing plays only.
Have no idea what will happen. I'm testing how to play the OTC again. So far I looked for new issued as a reason to watch for a play. That worked on 2 trades so far.
We'll see what happens on the 3rd. Look-in for a pattern to get me in pre run.
Yep; NYMT closed @ $6.35 target, for another 10% swing trade today.
Back on watch. Expect to see retrace causing new flag.
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p73102214832
FDBL is not a TA & Chart pattern play. If it does run, I'd plan on it reaching old support / resistance @ .014.
In Pennyland; lets put FDBL back to "A play is starting". They got active again. Meaning they had 4 new PR's. 2 pumps from the company, 1 paid for, on a small cap media portal.
And 1 about 2 new toxic 50% discount funding deals!!! 20 day ave price .016 = .008 their price. Should be aprox 27 mil for sale. $215k / .008 = 27 mill.
The stock price dove to the 50% funding level @ .008 yesterday. Can you say price pull down?
Just so happens the descending triangle broke south, 3 days after the funding. And ran down 3 more days, to funders price. Now the funder is at his starting price. So one can expect some selling into a new move. LOL; today had it's first green day on good volume.
Seems, "The game is a foot" Watson.
http://stockcharts.com/h-sc/ui?s=FDBL&p=D&yr=0&mn=3&dy=0&id=p84528078837
Play at your own risk!
Picked up some BAA today. Remember me mentioning; watch that one? Gold's been on a come back. It went into the gap above today. Target .34, next entry @ .37 if it gets there.
NYMT looking good for $6.35 target, may bank another 10% trade there tomorrow.
RUBI & LQMT are stalled.
I am a child of the 60's. Decided to show my Peter Pan side. Instead of business side. I'll never grow up, just grow older. LOL
Think this may be an error.
Ok here's another point I've been trying to teach pennylanders.
If you build it, they will come!
The more you try to enter with lower bid orders, the larger the stack gets. When large enough M&Ms WILL take price there to accumulated trading fees. It's one of the ways how they make money.
When there is low volume and thus little, big guy manipulation, the only way to justify being a market maker for the stock, is chase the volume order requests seen on the 1st tier of the OTC. That's retail orders. YOU
You can see it in the daily chart and volume. Without big guy manipulation. You are the master of your own destiny. Keep trying to save 15 bucks on a $500 trade. And you'll never see the long & strong paper gains you want!
Just did a daily trade evaluation @ 11 am run peak +/-. Vol 2.02 mil / numb of trades 54 = 38k. (Bid .0151 Ask .0155)
ASK .0155 x 38k = $589
BID .0151 x 38k = $573.80
By not buying the ask @ peak of daily run. The average trader today saved $15.20 and keep the price from breaking out over .0158 for run continuation. LOL really? Is 15 bucks on a $500 trade worth stopping the run you wanted??
FOOD for THOUGHT
Right now your $573.80 buy is worth $532 @ .014. So your $15.20 saved became A $26.60 loss.
Said it before say it again ! If you want in, BUY the Ask! Don't build the bid stack. Don't stop the run your wanted.
On weekly watch for Fridays gap fill to .85. Forget the large gap fill on the announcement day. It came from the 41% premium offered in the 100% share swap deal. If it happens, plan is pick some up. Merger sale in place, should close before Aug 31. I expect $1 plus by then. Worth a watch. Not a chart pattern play. More of a gut experienced one. This is a prediction, not projection.
Play at your own risk, and do research on both involved MGN & HL
MGN
http://stockcharts.com/h-sc/ui?s=MGN&p=D&yr=0&mn=3&dy=0&id=p27251263857
HL
http://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=3&dy=0&id=p20702903678
Yep Gold & the dollar are inverse. Your question is which came first. The chicken or the egg?
Check for golden crosses. Then Note the days action.
Golden cross: GLD crosses first (leading)
In the daily candle: GLD gapped up first; then $USD walked down.
IMO Gold change happens first, the dollar follows.
But we are talking chickens & eggs. Price action remains inverse. It's when they aren't, one needs to wonder what's happening. LOL Like in the red boxes.
There really is no rime or reason to these triple zero stock plays. All one can do is put your money on the table and hope. Normally who ever has the most shares wins. It's a game of false bets, emotion, and timing.
Remember the OTC is a 2 tier trading platform. And M&Ms see all the hands held, before a bet hits the table. They'll shift wins and losses around till the players with the most cash are drained.
They'll feed the $100 orders till a $1000 player comes in, then take everything on the table. And this could take weeks because there are so many wanting to sit down at the table.
About all anyone can say about playing musical chairs, at a poker table, is good luck! You don't need to know the company name, let alone the story line or share structure to win. Anyone can play. And all you need is a chance to sit down. So if your at the table and the dealer feeds you 3 aces; take your pot and leave quick. Don't hang around for a bigger pot and straight flush!
You nailed my point. The CEO has tools to help retail.
But he can't make them NOT need his help! LOL
Said it before say it again !
If you want in, buy the ask !!! Stop cheap-ing your way in, driving price down to bid. And stop bothering The CEO that has your interests already in mind! Let him work his plan!
Gold had a strong come back bounce, on increasing volume, today. I'm putting BAA back on strong watch again.
http://stockcharts.com/h-sc/ui?s=BAA&p=D&yr=0&mn=3&dy=0&id=p05971263268
GLD
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=3&dy=0&id=p83883368921
After my small loss May 20 @ BAA. There is no chart pattern to trade, but 1st gap filled and second up @ say .325, needs to. Yes today formed a gap open below, but many times the first gap in a new run is left behind. So with strong sentiment volume on reversal. I expect climb to continue.
My plan is in & out at resistance levels. .31 to .33 for gap fill, then .34 to .37 on possible MOMO.
Play at your own risk. This is an emotional stock & sector.
LQMT, NYMT, RUBI working pretty much as expected.
Still wanting more volume in RUBI to add comfort the huge gap play stands.
http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=3&dy=0&id=p84182195494
Flag morphing into Pennant at LQMT.
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p24450332808
NYMT has an expected red day, after 7 up. Lots of comfort in dragonfly doji and volume sentiment increase..
http://stockcharts.com/h-sc/ui?s=NYMT&p=D&yr=0&mn=3&dy=0&id=p49939784527
Just one more point about well timed PR's. PR timing is a tool for CEO's. They can't manipulate bid/ask like M&Ms to drive direction. But they can and do time news for the same reason, effect price direction. Drive emotion thus drive direction.
This 8k PR, with day before leak, was timed !!! The 2 deals took place May 17 & 19. So the news release sat on the CEO's desk until needed. Released Jun 3, 3 weeks after the fact.
This is normal OTC happenings. That's why I feel there will be more well timed news, about already closed debit.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123082450
PS;
EOD price action was all market makers. 3:45 started chasing volume. 3:44 lowered ask .0144 to .014 large jump. Then 3:48 lowered bid from .0136 to .013 large jump and closed 534k at .13 bid. This wasn't retail, it was M&M trading.
That was a slap in retails psychology for buying the ask all afternoon! The day should have finished between .014 & .0145.
IMO EOD was all M&Ms.
On the other side it was M&Ms which gapped up the open also !!
Agree; event though I'm personally not a OTC storyline believer/follower. This CEO is pretty damn pro shareholder, with info up dating. It is his job to reach SPA requirements. And he's active on so many levels to accomplish that.
Saw your post earlier about cash for debit, over share conversions. Agree probably saw the last of stock issuing for debit. This IMO is also very good, leaving room in the AS for china JV shares in the second tranche of funding.
But I still would love to and am waiting to see, where those 300 mil unknown shares in OS went to. The 10Q should answer that.
Sept 2015 Q showed either $500k or $622k in outstanding debit. The last 2 - 8k's cleared up $391k. Leaving $109k or $231k. And CEO said there's $10K left recently. So I expect to see more well timed 8k's about cash debit payments in the future. He got $1.1m, spent $391k; plenty of cash left to continue using cash rather the dilutions with more conversions.
Yet he decided to announce pre release on one of the worst trade days in 2 weeks. My guess was he felt yesterday's close needed help. So he tried to help ASAP.
Not criticizing his action. Actually like his concern. Just didn't help me much. LOL
That leak late yesterday about 8k today, did make me think, WELL TIMING on the CEO part. The minute I saw it! LOL
Who knows ?
News does tend to drive emotion on the OTC. So the change in psychology, from buying the bid, to buying the ask, could be a reason for todays bounce. So far volume is lower today then yesterday. So sentiment to stop retrace is weaker then yesterdays down day.
I will say that my standing stop limit orders that close was a surprise. For the previous 2 days candles were butterfly doji candles, which were positive.
http://stockcharts.com/h-sc/ui?s=CDNL&p=D&yr=0&mn=3&dy=0&id=p77040169137