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So here's another one to keep an eye on. UXIN I just took profits after the Mid term flag & short term cup & handle targets were passed and expect a retrace soon.
http://schrts.co/jWDjzxWs
May pop again after SEPT 23 q2 10Q.
ON watch for re-entry
DCGC WOW I was expecting a retrace but today screams the run was manipulated.
http://schrts.co/CneXGKwi
Thanks for the 40%, but my re-entry plans just went down the tube. Off my watch list!
Pulled the trigger on JCP for 40% +/-. Plan to re-enter after retrace and continuation, on volume.
http://schrts.co/jDksHtMF
Also been in and out of DCGD a few times. Check it out. Just had to sell there also today. Going crazy lately. Retrace due.
http://schrts.co/aeweWFuS
The R/S at .0001 didn't help last time. But it happened.
And NOW they have a brand new group of "to the moon" RNVA .0001 followers, buying like crazy.
I say it again; come on people. Who's selling you ALL those .0001 shares. Some really big guys wanting to miss a run?
Time for a heads up.
I picked up some JCP just after 5 management insiders bought at the .55 bottom. Doing well so far. Expect a flag reversal to come soon. Providing a new entry point.
http://schrts.co/ApygdinV
Keep an eye on JCP.
Remember; "Never chase a running stock" IMO too late till flag break.
Bet we see the 2018 10k & 2019 Q1 10q as the next news release. That will allow them to get past FINRA rule 6390. Then they can R/S as soon as the debit holders sell the last of their .00001 shares, @ .0001.
Now the lenders are OK again and shareholders hold the bag again. Now Jamestown can replace their inventory, re-up with Medicare and reopen. From the 6 months of the third hospitals billing. And the company is ready to operate as a profitable company in 2020. Out of debit, ready to fund normally.
Big guys are good, retail screwed again.
Scary theory isn't it>
To me, the past week of popping up .0002 for a few minutes a day is the same as the CEO doing an interview (stating all problems will be solved by the end of the month). Is to sell hundreds of millions of more shares @ .0001.
Where the hell are all these shares coming from and what insiders would sell them, if they knew good news was coming? To create a price run. Big guys sell into runs, not before.
As USUAL RNVA's actions make NO sense!!!
Why the hell are they pumping to sell more @ .0001? Could it be they hold their shares @ .00001 ? LOL
LOL Interview with not one question or word about the company's stock !!! But all other problems will be resolved in SEPT. Holly Chit, this is exciting.
And emotion running ramped. Micro pennyland is so funny!
I have a bridge, I'd like to sell. Anyone want to buy my .0001 shares? Come one / come all! Billions available at your local market makers store.
LOL
PEOPLE come on. Think
Your probably correct. They have the numbers and they are probably strong. Why else would they be able to get continued mil's of funding and Diamantis dumping mil's into RNVA.
Plus their looking at 6 months of income from the hospital that just got approved by the gov.
A point!!! How did they get continued funding at the same debenture agreements as before. When the funders got screwed with the 500 to 1 R/S also ??? ( that never made sense ) But then again, you can research all the funding debenture info and not find the price the shares were issued and converted at. That price had to be tiny, so funders weren't effected as large as shareholders.
IMO this last year entire cleaning of the books (huge debit) was made possible by keeping the stock price low. And how do you keep the price low. reverse splits, bad news and no continuing updates !!! All the funding deals since the last split were in the triple zero area. That's a new basis price for conversion selling to come. Stockholders have a high basis point from cleaning the last round of $150 mil of debit, with the price pull down after the last split. This round will give funders all the profit they want, with their basis @ trip zero. But we'll be lucky to get out with 50% losses, unless the stock price runs HUGE. And with funders at triple zero and shareholders at double zero. It doesn't need to run HUGE for funders to make out GREAT (pre & post splits) before shareholders start to see the top of the hole we're in.
2019 : new funding higher OS, new funding higher OS, new funding higher OS, new funding higher OS. Funders hold billions and will be selling into the market some day!
It's HOPE. But I'll be selling into the manipulated debit conversion run, some day soon, along with funders.
The link to the BEST educational video stock market trading series in my opinion. Haven't posted this for years.
Want or need to educate yourself. watch these vid's !!!
Basic;77
I can't find anything other then the daily list, which announces the processed company action. Not the pre action filing, 10 days before. So shareholders don't know if the split will take place until it does!
https://otce.finra.org/otce/dailyList
Actually I filed a complaint after the 500 to 1 split Nov 13 2018. I was executing my "GET EVEN" plan ( https://investorshub.advfn.com/boards/read_msg.aspx?message_id=106720994 ) and had a sell for 25% of my RNVA holdings @ .05; where the price should have opened.
It opened at .04. My sell order didn't close and the price fell to .02 that day.
FINRA said once they processed the split to the market, it was up to the market makers to determine the opening price.
How's that for regulating the OTC market! LOL
Actually the 10K for 2018 and the 10Q's for 2019 (Q1 & Q2) have NOT been filed!
At any rate we'll is if any of this matters soon. Logic to the previous actions, the company has made, is baffling (got away with). How could they do that, has too often become; WOW they did that! LOL could happen again, somehow.
After all; we're dealing with the wild west of the Dark side of the markets. The OTC, where loopholes abound!
Actually rule 6490 states it will find a "Deficiency Determination" for (2) the issuer is not current in its reporting requirements, if applicable, to the SEC or other regulatory authority.
And they haven't filed the last 10K !! That alone could cause RNVA problems with a R/S.
The FINRA denial was for possible manipulation and fraud of shareholders, not because of non active business or company rev's. It was due to the likelihood of debit conversion and price deflation caused by the large reverse split.
At any rate we will see soon. If it is approved, after what happened with the 500 to 1 split, that was exactly what was noted by FINRA for the denial in that case. Class action on approval possible.
They got away with it once, doubt a second time. As I said, we'll see.
RNVA 10k to 1 R/S could be denied by FINRA.
Your 10 day action notice filing for rule 6490 is correct, BUT
Do you have a link to see if the FINRA rule 6490 has been filed and/or approved or denied? (SEA rule 10b-17)(@ the SEC)
I found this legal action with a similar, .0001 stock, which was denied. So any large actual R/S from RNVA could also be denied for the same reason mentioned in this case. Especially after RNVA's 500 to 1 split, which did exactly what the denial reason was in the case in the link below.
Welcome to read; very interesting!!!
http://www.reverse-merger.com/tag/rule-10b-17/
In the 3rd paragraph check out the click HERE link also.
Any news, about numerous company subjects, would be REALLY nice !!! LOL
All retail actually knows, is DEEP POCKET big guys (board member & VC funders) keep dumping millions of cash into this thing. And that one fact should be enough. for hope.
I've been posting "Do what the big guys do!"; on IHUB for years. All that being said; I have no idea if I'll ever get my $25k back, on this one. Because logical business actions have not been a prevailing factor with RNVA.
Personally just holding my bag of worthless shares with hope! Like most still reading this board. The silence is deafening.
MGI was at a decision point and that decision happened this week as expected. Happy it went your way.
MGI
Actually 6 days holding near the $3.39 previous top resistance level, says trading phycology is about to change. And with no increase or support of up sentiment,volume/accumulation seen.. That resistance break gets harder!
Old news true value reached. Needs new news now. IMO TA at decision point! Expect one this week. Keep tight stop loss.
http://schrts.co/bXiJFZhS
It's my experience one can't apply TA & charting with sub & micro penny stocks. Because YES market maker manipulation drive price over retail or pro penny players.
The correct thing, to look at is the BID/ASK level II stacks for direction, during day trading. But success at predicting multi day runs can take years of experience and days/weeks of monitoring. While having knowledge of the possible stock pool available. To eval volumes.(it's complicated)
Down in sub & micro penny land, it's put your money on a number and watch the wheel spin. Sometimes your lucky, sometimes not!
By the way the gaps below, at the $SPX, I've posted concern about lately, have been filled now. Once any new up trend forms, it should be safe to enter big board stocks again.
Remember the first gaps in a new run are often left behind.
http://schrts.co/PczZKBhP
All your analysis may be fine. But the chart screams an emotion driven stock. Just saying use caution, it could go down as fast as it went up. IMO safety is seen if $3.38 top resistance broken. Until then, I'd protect gains with a tight stop loss order...
Looking at today, that high candle tail isn't great.
http://schrts.co/cbcGmZct
MGI
WOW looks like you finally did it. Threw logic to the wind. Betting on block chain money which runs and dives as fast as a whim. On a company with over 2 years of decline.
http://schrts.co/ekZkXAve
Success!! as always!
I suggest having a tight stop loss while your ahead. Very strong top resistance @ $3.38 +/- and the traders really react fast on trend change emotion, on this one. I personally just got caught on a major gap down of my divvy hold ORC, without having a stop loss target set. Because it was a long dividend hold. DUMB move on my part. Traders should always protect their investments as they do their trades. Do as I say, not as I do!!! LOL
http://schrts.co/REhxqZvk
VSTR
Are you in it yet or thinking about entry?
If thinking, I'd wait for a flag pattern to form. And enter on flag pattern retrace comeback, with increasing volume needed.
If your in, I like both trading sentiment & phycology.
Expect retrace to form flag, trading phycology has tried 3 times in the last 3 days. With the long negative candle tails below. But with the trading sentiment the flag should succeed, once formed..
Wish you success, as always!
So here we go. $SPX gaps below filling. Americans paying for our babbling idiot's whims. In the stores soon and at the market now.
Ps; Of the 6 under $5 stocks I hold, nothing is being effected negatively. Portfolio up 2.5% today. My 1 silver stock is up 10% today.
Don't own any stocks which are effected. Just saw the poor timing of the notification. And my straw of tolerance broke. He could have waited until the market corrected from the Fed move, but complete self satisfaction won out, AS ALWAYS !!!
Completely off topic !
This is not about politics, just about our babbling idiot!
Lets see? How many times did Trump declare bankruptcy?
WOW Three things just happened to our/his USA business in the last week. His .25% fed cut, and market dive. Then major increase in deficit cap. Topped off with averaging down farther on failed tariff deal increases, and Market crashing farther from a well timed, well thought out decision to tweet on anger he's not getting what he wanted from China..
Making America better. Just like his business history. If this keeps up, we'll be looking to Russia to help bail us out, like he did in his businesses.
Oh yea, other accomplishments; N Korea firing missiles again and Iran increasing nuclear enrichment. Obamacare not killed and boarder wall not built. Rust belt losing manufacturing jobs and Coal and steel industries weakening.
Just what the hell has he really accomplished.
Beside giving the upper 1% & corporations more money. Embarrassed the USA world wide, with thousands of lies and racist attacks. And driving the republican party from all their decades of positive morality & conservative spending platforms.
Improving economy was happening when he became president, Then the Corp's spent their tax cash gift on self improving buy backs, not Capx expansion for growth, as we were told would happen.
Love hearing him saying the people love me. I'm just NOT one of them. The man is Exactly what the US deserves. Someone increasing the swap with fearful temporary yes men. While he suckers the public to expect it cleaned out. LOL
Na I take it back ! I love this self promoting only guy !!! LOL
Did you see a come back after the last gap down. I wouldn't gamble it will this time.
http://schrts.co/FJPHVFJK
Picking a position trade (3 to 6 months) or investment ( 9 months to years) without understanding fundamental analysis well. Here's another good old post about investing, not trading.
Market cap vs. EBITDA vs. Book value vs. enterprise value, why 4 ways to state company value?
Operating margin vs. profit margin vs. gross margins, which is important?
EPS & P/E how do these effect buy/sell decisions?
Insider & institutional ownership and recent investment direction, is this the most important way to judge company future?
Dividends or share buy backs, what should you want as an investor?
Short term, long term company debit and share short position size, does this show strength or weakness in the future?
What does diluted earning per share tell you about the future company share structure?
Financial income statements, balance sheets and cash flow documents are a companies health report, are you able to evaluated them?
Fundamental analysis can be complicated. Many analysis don’t rely on the same subjects, looking for the same results.
Is growth investing better then value investing and what is the difference?
What is the best investment vehicle in the market, ETFs, Indexes, Stocks?
Should I understand trading platforms, trading entities, and the workings of broker/dealers roles in the market, to invest?
Why read the SEC filings, what will they tell me, what should I look for?
Is all this knowledge and more necessary , should I just hire someone to handle my money?
Investment can be mind blowing. And after studying and learning and understanding all the above and more, you still can invest in the wrong company stocks! Believe me, I can answer and understand the info in all the questions above and wrong is easy. Why, because humans are involved.
There can be good companies with bad stocks and bad companies with good stocks. Perception can over rule facts. Power & size can control price & direction.
So how can you pick a good investment?
First, rely on, most entities which have size and tenure, have large pools of knowledgeable employees. Big guys are big, because they know what they are doing. Here is my secrete to increasing your odds of successful investing.
Do what the big guys do!!!
If you ever watch Cramer on TV, he considers himself a fundamental analysis. He knows how to evaluate companies financials, pipelines and fundamental standing. His #1 rule is pick the best of breed.
That’s exactly what I’m going to cover. How to find best of breed, see if other big guys are investing and the basic things you should want from your investment. You scan or screen for best of breed, research for big guy interest and compare to find personal goals.
I say fundamental analysis predicts future price, technical analysis projects it. Don’t forget to use TA & charting for entry, once an investment is decided on.
So lets start how to find best of breed.
www.finviz.com is a great place to screen. Start buy finding the best sector.
http://www.finviz.com/groups.ashx?g=sector&v=110&o=name
Note the sector averages to compare with the stock you choose to evaluate closer. A peice of paper comes in handy.
Next you want to find the best performance within that sector.
http://www.finviz.com/screener.ashx?v=141&f=sec_basicmaterials&o=-perf52w
Within the top you want to find steady consistent growth over time. Look at the weekly, monthly, half, and year % of growth. Write down on your paper, the stocks which grow small amounts each time frame. Not the ones which have large growth spurts. You can click the symbol to check the chart. You want long term tight up channels. Good examples are #5 TGA & #18 APL.
Once you scan all the stocks and have a list, move on to check what the big guys are doing. Type your symbol list into the tickers area, using ownership.
http://www.finviz.com/screener.ashx?v=131&f=sec_basicmaterials&o=-perf52w&t=TGA APL
Shorten your list to include the ones which have the largest institutional ownership, with increasing purchases and the smallest amounts of shorts.
At this point you have found the best of breed, with the largest big guy interest. This list could be played for position trades from 3 months to 6 months. If you want to invest 6 month to a year or more, you should have some amount of ROI to help reach personal goals. That requires one more step. Checking for dividends.
Again enter your short list into the ticker area, using financials.
http://www.finviz.com/screener.ashx?v=161&f=sec_basicmaterials&t=TGA,APL&o=-perf52w
Along with cutting out stocks which don’t offer dividend income, you can weed out stocks with subpar financial ROI Profit margins, or large long term debit.
These things you should understand. ROI is the companies return on investment. It shows how well the company is performing. Profit margins show management performance, and LT Debit shows stability. A company with small long debit and larger short debit says it has managed it’s cash well. IMO the most important area here is the dividend size and reliability. You want to know you will get something back in return for your investment long.
You can evaluate the dividend performance here.
http://dividendinvestor.com/
So there you go. Using those which know what they are doing, to help you find a good position or long term investment, with little or no experience evaluating fundamentals.
You have the best sector, the best of breed, (slow steady performance increases), the most big guys which agree and at least a known dividend return on your investment.
OTC dilution vs big board old post when I use to teach.
Lately the board has become more about stock picking then education. I've received several private questions about sub penny trading action & share dumping.
I would like these types of questions to be brought to the board. That way by answering questions, more then one person can learn.
I'd like to spend a little time tonight covering a subject I feel needs repeating. The use of big board terms on OTC stock message boards. Specifically Dilution. By understanding the different reasons for a company to delude their stock. Maybe you can focus on trading, more then message board hype.
Dilution is when a company increases the shares outstanding! The reason this is done is for the company to raise capital. You see the markets you trade and profits & losses seen in those markets are not seen by the companies, but the shareholders which own the common stock.
If a company is not profitable or just needs cash to implement a business plan, to become more profitable, they may need to sell common shares from time to time.
Funding public companies can take many directions with big board companies. They can sell common, sell assets, sell restricted shares (preferred stock), or go to banks, private equity companies, or other large investors for loans. These loans, as with all loans, need something backing them to reduce the risk of loss.
Dilution occurs when common shares are taken from, the companies AS (authorized shares) and moved to their OS (outstanding shares).
You may hear of, or see the term fully deluded shares in a Quarterly, annual report, or news release. This is the worst-case scenario for the EPS (earnings per share) metric, including OS (outstanding shares) plus all options (contracts to sell common) warrants (guarantees to sell common) and restricted (common that can't be traded until released by contract) & preferred (unregistered common shares).
Increasing outstanding shares, increases the EPS denominator while the numerator (earnings) remains the same. The result of dilution decreases the EPS. Thus increasing the PE ratio (profits/earnings).
This one fact is where shareholders perceive loss in value. Actually by raising cash the companies future is probably increased in value, because it now has the cash needed to begin to activate the business plan, to increase profits. And actually the value of the company has NOT changed, only two ratios used by retail to evaluate value has changed! Book value, profit margins, EBITDA, Revs, ETC still maintains the same value for the company over all.
Within this behavioral finance perception lies the catch 22. Is it better for the shareholder for the company to delude the stock, by raising capital, lowering short term EPS, or stay stagnate without hope of increasing earnings, to increase the EPS in the future?
This is where past performance comes into the due diligence investors need to do. Can investors expect management to succeed with it's business plan?
If management is a good one, with a history of successful financial results. Then dilution should be considered good for shareholders, if management has not preformed well, then dilution should be considered bad.
Any time dilution takes place with a company which does not have profits (a positive EPS, thus a in-line sector PE ratio) investors need to believe (Trust) completely on speculation, that management & the company business plan will produce the results wanted.
Here we are in pennyland, the OTC. With big board companies you can evaluate the financial history. With OTC companies this evaluation usually does not include the financial indicators needed to evaluate managements ability.
Also because of this lack of reasonable historical financial data OTC company funding takes a different track form big board companies.
OTC companies raise capital by obtaining share backed loans from VCs (Venture Capitalist), large private investors, or sometimes M&Ms (Market Makers), needing to create an inventory of stock, to make market for the company stock.
OTC funding deals often include several types of share transactions within a single deal, to secure funding capital. Including out right issuing of common, with warrants and/or restricted preferred.
This is where the fully deluded share structure really come to play. Because unlike a big board company, the only thing backing the loan is stock. The company assets or historical performance does not exist. So big guy OTC funders need to know up front, they will turn a quick ROI (return on investment). With possible future stock gains to lower longer term risk.
From this fact comes the pump & dump! The run/retrace/channel setup seen in the PR story pop & then blitz!
My theory is in pennyland you will read about company restructuring, see a PR & small price pop. Then funding news. followed by a PR story blitz, funding deal and price run.
The pop is proof to the VC the company can sell the story. Once VCs get stock, the (OTC business plan) the sell stock story is implemented. Also note the pump is the story, the dump is the selling into the run. NOT the retrace after!!
-----------------------------------------
I will end this with this; Companies do NOT sell stock directly into the open market, to delude shareholders. As you read on every pennyland message board!!! They sell stock to large investors in large blocks. The dilution takes place the second common is issued, not when the issued stock is traded in the OTC market.
So you can forget all the hype about the company is deluding, by dumping common at or below bid. Big guys don't dump lower. they sell higher!! And these big guys are VCs which profit in one way. Selling shares to emotional retail!!!!! In runs created to do so.
Understanding and trading this is where money is made. Not by holding long & strong!! Never believe the PR story, trade the retail reactions to it!
Just happened to notice that one this morning. Not a good one to start a new position today, IMO, with pop at decision point of a negative descending triangle. Needs another few days to prove sentiment change, or 1st resistance actually broken, for new entry. Note; same thing happened end of June without follow through. It was added to my watch list.
The one I got into this morning was CDXC which I just posted a chart on.
But if your down on TTOO and looking to get even. Things look a little better since the descending triangle has popped, not dove. Personally I'd sell half or more if $200 high is reached. And the second half at gap above fill, on continuation. But if continuation stalls above $2.00, I'd think about dumping the second half on 2nd red day.
Wish you success!
http://schrts.co/aTEPhTGZ
Here's one of my latest to think about. Low volume, under the radar, flag pattern breakout, with no news. Indication that inside knowledge, possible action.
And flag came from successful double bottom and 2019 up channel.
long chart;
http://schrts.co/GuHXQZqd
3 month chart shows,
TA Chart indicators; ALL positive, with new highs and no resistance above top resistance. If this one does what the flag pattern calls for.
Also note: high volume days were buying days. Positive sentiment.
I like this one. Play at your own risk.
CDXC
The market is Dricules, another SPX high with zero earning growth supporting continuation. And continued high US dollar, head wind to growth. The market seems to be just like our president, a babbling idiot. With zero backing their actions, other then want.
Historic exuberance !!! SPX $3,000 with many many gaps below. Thus I continue to swing trade 3 to 5 day chart patterns on low price, low volume stocks. My new spot is working out OK so far.
Just don't want to be holding a market portfolio when the sentiment changes and chart history returns to normal. I've been wrong for too long on this. Correction way over do. Just have to continue warning as emotion always corrects eventually.
SPX
http://schrts.co/JBqIkTXg
Gotta comment about today. Hold 8 small caps and ALL are green. Don't think I've ever seen that before. A wonderment today. LOL
It's more of a extraction lab and starting growing & production. Just got major service agreement contract, which was increased, with Tilray.
NBR just went large on double bottom with stall resistance break today on increasing volume. with gaps above and analyst up grade.
http://schrts.co/qEQTnSmT
My pot play has been VGWCF. Just re-entered for the third time this year. Lower price point, larger gains possible.
http://schrts.co/dWdaxVsM
That's it for me recently May/June.
Event though I haven't been posting like in the past. I am still an active trader. Not sure if anyone reads the board any longer. But in the mode, if anyone has questions about trading as a business.
Not talking OTC hot stock plays, but will try to help with reasonable questions there.
Also watching ACB for double bottom re-entry, after mid May 5% gain.
and
GNBT for flag formation re-entry, after 20% gain second flag play.