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Oh yea also close VGWCF for 15% and TNK for 5%. Both back on watch for re-entry.
link back to original post.
Kind of in teach mode for some reason lately. Showing examples & charts.
So here's something readers may NOT think about in the "To the moon" OTC mind set.
If you earn a 2% gain a week, every week, you will double you cash year over year.
Getting singles, isn't as hard as home runs.
Closed NBR yesterday for 8% and LPI today for 10%+
link back
RAVE back to top resistance in past 2 days. Breakout tomorrow???
VPRB
Low float, low volume, weekly watch. Management buying, price bottoming, possible single bottom bounce. 1st resistance, 6 cents, break on increased volume 1st small entry signal.
http://schrts.co/vdjIuwru
So here comes the "V" pattern wash back. Look out for ALL BOATS!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149509876
LOL
sell the run when it comes
That didn't take long. LOL Thanks entered @ 3.10
I've altered my swing trade strategy in JUNE, because of all the S&P gaps. Been researching under $5 only, where the algo's rarely go. LOL
Instead of holding 3 to 4 stocks on 2 week patterns. Been finding small caps with 3 to 5 day patterns. So far closed CIK, KMPH, GNBT, along with RAVE 2 weeker. About to close VGWCF and TNK. Just entered NBR & LPI on double bottom breakouts.
Plan is to not hold S&P market portfolio stocks with gaps below scare! 2 week trades are just too risky IMO.
Exuberant market
SPX:
http://schrts.co/PZUzAZST
"V" pattern reached, leaving many major/minor gaps below!
Personally swinging in & out in days rather then weeks. Kool thing is, I'm finding 3 to 5 day opportunities lately.
Again Note: All Boats retrace probable.
Sold RAVE 3 days ago on a 2 week hold, swing trade rule. Didn't break top resistance and took profit as it channeled between 2.50 & 3.00 in JUNE. in 2.48 out 2.98
Keep an eye on it for me and let me know when/if it breaks out. Been busy swinging in and out 6 small caps. RAVEs just bored me.
Thanks ahead of time !
Can't reply to private messages my gifted subscription @ IHUB ran out. Check out prior V bottom video first.
So here's some info about dividend stocks everyone can benefit from.
Start with,
I've been in ORC for sometime, it's a REIT with a 15%+/- return and monthly payer. x date 6/27 Priced at $6.40 today, in a small comeback run, reaching 6 month true value price around $6.50.
http://schrts.co/jgYjmftX
I like monthly payout stocks and did some research on what's coming up with an X date this month.
Here's 3 to check out, in no order of preference, they are fund divvy stocks, not REITs.
1. CIF $2.50 with 9.5% divvy, x date 6/18. It's been walking down so basis isn't bad place for an entry.
http://schrts.co/JTMPSGdd
2. DHY $2.50 with 9.2% divvy, X date 6/17.It's been in a tight channel so basis ok to enter.
http://schrts.co/nHukQGuF
3. CIK $3.10 with 8.8% divvy, x date 6/17. It's also basing in a tight channel ok for basis entry.
http://schrts.co/SAwEXsmj
All 3 are working on midterm V bottoms, which have had it's through back and basing for over a month before expected up continuation. This indicates possible price climb continuation in the future.
1.5 year charts; showing V bottom
DHY, http://schrts.co/KTZCaKzg
CIF, http://schrts.co/FkKwTSda
CIK, http://schrts.co/AMiNIVpq
V bottom video; once running click you tube to see larger @ you tube website.
Next year is way beyond my evaluations. I'm a swing trader basically. Only hold and evaluate REIT's (dividends) for long term hold investments. Sorry, no opinion on SPY or $SPX next year.
IMO FEDs interest rates don't matter with stock trading, only matters to macro economy and talking heads, which need a reason to talk. With todays economy, companies have NO problem with funding. A .25% raise or decline in FED rate means little to the average company out there.
So there's my opinion. Low cost financing is available. Companies that need bank financing will get it. This macro bull isn't like a couple trying to get a mortgage. Talking heads will talk about any cut if the market runs, but not say a word if the market falls after.
Took a longer look at the chart and notice the CMF / stochRSI support indicators conflict and previous gaps above.
Kind of sways me from retrace coming to basing happening. Still feel gaps pulled recent price run closed large gap above. But the support conflict say accumulation, so basing while traders decide next trade phycology looks more logical. Will they chase the previous last gaps above or give in and close them below.
It's a hold with profit taking exit only if one sees red days breaking $192.50 support.
LOL
Oh didn't think of using a minute chart to confirm a theory. That's OK my problem is looking for support of a theory. Confirm says my decision is made. Support says decision will be made if I find a positive chart pattern. Don't know if you get it. But I've seen it too often where people change things to find a wanted result, rather then believe what's in front of them in the first place.
Talking AAPL the key there is all the gaps ups below. Just like the $SPX. those gaps in emotion need filling eventually. Looks like a top to me with 3 days of high candles, without higher price. The higher expectation phycology being traded has stopped. Tells me a possible change in sentiment.
1 month 60 min chart yes, Kind of. but usually the third top flag step up is the largest. Showing the exhaustion of positive sentiment. Kind of like a large high candle tail at the top of a run in a daily time frame chart.
Personally don't recommend using minute charts unless day trading using a 5 minute daily chart. That's because IMO picking different chart time frames becomes a search for a chart which offers the user a positive pattern to support their feelings about direction.
Stick to daily time on monthly chart or 3 month chart, when swing trading. IMO
Yes in as much as My favorite pattern trade is flags and flags normally come in 3's. When a flag play completes, your actually at the top of the Elliot's wave.
Just a heads up
Been watching the S&P gap up for 5 days. If you understand the ALL BOATS theory, it's time to take PROFITS with your big board portfolio.
Todays red candle is a major signal those gaps below are about to fill !!!!
http://schrts.co/FhAmjGdN
Jamestown is not going to close. And expect the deficiencies Medicare saw, is being resolved with the bridge loan, while we are typing.
Also consider the $500k bridge loan approved has to be from the same bank RNVA is trying to get the $30M loan from. And why would any bank give a short term bridge loan, when they expect to disapprove the larger long term loan.
Food for thought !
Personally wouldn't recommend adding RNVA stock at this point! Buying news emotion is one of the biggest mistakes OTC penny players makes !!!!!! In order to buy a mystery the book needs to be finished. IMO
Several things about the latest news and 8k.
First if RNVA is getting one bridge bank loan and applying for another major $30m debit loan, the large OTC toxic debit problem must be solved.
Second if the deep pockets board member continue paying settlement debit, the business plan financials MUST warrant profits in the future, to warrant that $10 mil investment.
Just wish the curtain covering up how management is pulling this off was lowered so I could see the numbers being shifted around. Because so far the only thing known is when money is needed, SOMEHOW they get it. What continues to baffle me is why the hell they let the Jamestown hospital get so close to loss of Medicare for supplies. They bought an expensive imaging machine month in.
As I recall the hospital organization Rennova bought the hospitals from, has a supply chain division which Rennova became a member. So this supply chain debit news make no sense. But nothing pertaining to this whole RNVA mystery makes sense.
All I can say, is what I've been saying about the stock which has given me the biggest bag of worthless stock in 15 years;
Do what the big guys do !!! I've done that. now it's their turn to reward me. LOL
Double the average daily volume today. Big guys still buying this FAILING hospital company. LOL Someone knows more then the local news papers.
Yep took it off daily strong watch, but notices todays action in time to take a first small position at 1st resistance break today.
Thanks for the heads up!!
I'm in with you after all. LOL
Also opened a position in FNMA today. It just broke top resistance.
PS; both on increasing volumes.
Also started watching fannie & freddie FNMA & FMCC
Strong top long term resistance @ $3,10 area. Both flagging after a successful double bottom trade.
http://schrts.co/uRBkgsRE
FNMA
http://schrts.co/dtIfdTev
FMCC
http://schrts.co/axujGXxH
VGWCF on watch, that's 3 watch stocks today and removing 1.
While I'm here today, would like to comment on pot stocks. LOL busy bee today.
I've been swing trading in and out this one for a while.
It's presently on watch for re-entry.
VGWCF;
http://schrts.co/AKKmZZXu
This one has moved from a flag re-entry to a second bottom bounce possible. I didn't get caught on the emotion gap yesterday. ( chasing an emotion gap day often bites your ass ) But now the gap filled so quick. Expect a positive move coming. Target would be top resistance $3.50. With $3.20 1st resistance break entry. On a possible channel play. for 10%
If top resistance broken, trade it like a double top with $4.00 target.
I really like this one as my pot play for a while. We'll see how thing work out.
SNMP on watch
While I'm here, would like to comment about trading gaps again.
I mentioned it's OK to trade them, but often while waiting for a positive move entry, much of the gain expected is lost in that entry move. Making the play a waste of time.
Watching for single gaps are more of a support signal for me. To trade gaps alone one should want several to be pulling price up.
To see what I'm talking about keep an eye on SNMP;
http://schrts.co/tndRdvxw
Once $2.25 is reached, it's an entry signal.
While I'm here today would like to comment on our posts about entry of a bottom bounce.
TGODF didn't break first resistance @ $3.20
http://schrts.co/jKrpPnsA
The rule I use to not enter until 1st resistance is broke comes from experience.
When I noticed something happen more then 3 times I'd call it a rule of thumb. If I see it happen 3 more times, I'd move it to a RULE of trading.
This is the first time for you! watch for 1st resistance stopping a come back again. And build your own rules of thumb and RULEs of trading.
Yep it leads to the post here;
Get even plan;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=106720994
I don't believe in averaging down for any reason other then a get even plan, on a long down trend reversal. Weather using saved cash (like in that post) or portfolio cash. The get even faster numbers work, in a comeback stock move!
Personally feel RNVA big guys are too busy figuring how much they can continue to dump into the business before they are making a mistake. Before anything happens with the stock or other business actions. (Reports, minor business diversifications, Reverse split size, ETC.)
Watch if Diamantis pays the next $8 mil +/- settlement agreement. If so we're OK. If not the hole is to big for the 3 hospitals they gobbled up.
My added concern there is the last 2 financial officers not lasting more then a month or two. Honest people are running once they see the game being played.
IMO everything hinges on the big guys still adding to their investment. If they feel they can still make money, I feel I can also, with the portion of the company I own.
Do what the big guys do. An old rule that still stands strong.
Ouch a little early there. Suppose to enter on down trend reversal bounce which breaks next resistance higher.
Todays action actually took RAVE off my watch list.
Personally wouldn't. When trading gaps, one should wait for a positive reversal and with only $2 to $2.40, any positive reversal could eat up much of that 20% wanted.
Remember trade stocks with a chart pattern (Gap is OK,) but you want positive TA signals and increasing volumes to enter. Don't see all 3 in the chart. http://schrts.co/nMCcdIZi
Play what you want, not what's in front of you.
Keep an eye on RAVE for a second of normally three; flag trades soon.
http://schrts.co/tjEJIQcz
Consider averaging down the original hold, once a come back happens. This would be a modified get even plan I've posted about in the past.
Can't give link as I no longer have search, subscription has lapsed. So search 2018, 17 for "get even"
I wouldn't personally invest long on a pot stock (start up) till it has several years under it's belt. Like ACB, CRON, CGC
I've been swing trading VGWCF; recommend doing the same for TGODF