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There was no halt in US markets. A stock trading at more than 1 dollar has to drop 30% from it's previous day's close within a 5 minute period to trigger a halt, so it would have had to hit 1.45 to halt.
Agree this was an unusually severe and rapid shakeout. With any luck it will precede an unusually severe and rapid rise in price.
The EPA stay ends tomorrow, May 11th, so we may hear something very soon. That timeline was likely a big factor in today's action.
Best of luck to all you longs, although shorts are probably the ones who will need it.
Wicked shakeout purged the weak longs and gave shorts (Kerrisdale?) one last chance to cover.
That it recovered so much of the dip and so quickly indicates more upside is coming (see also: Brexit, Trump Vote, etc.)
I had a stop at 2.18 on 50% of my position and locked in profits from my 1.51 average. It also gave me a chance to reload those shares at 1.76 average. A good day.
This looks like a good time to buy/cover from a risk/reward standpoint.
I got stopped out from my entry at 3.89. Sold 1/3 at 3.88, 1/3 at 3.87, 1/3 at 3.835 for an avg sale of 3.86 or a loss of 3 cents per share. Rebought at 3.86 and flipped 2/3 of the position at 3.915 to cover the loss. Hanging on to the rest, again with a tight stop.
I know nobody cares but since I posted my plan I figured I'd post the update. Just trying to keep it real.
If we hit LOD again I'm reducing risk. If this thing is any good it should stay above that level. My stop was at 3.84 this morning. After we bounced off 3.87 I moved the stop up on 1/3 of my position. I'd rather get stopped out and rebuy than be a bagholder. Protect your capital.
All aboard! Great low risk entry point for a long. Grab those 3.90s while you can, or maybe get lucky and score some 3.89s. Full disclosure: long @3.89 with stops at 3.87, 3.85, 3.84. Will look for a new entry if I get stopped out.
Why be short here with support just below. The 161.8 fibonacci extension from 6.38 to 3.84 coincides with a gap fill at $8. Classic .01 cent shakeout move today just below the previous 3.85 low before it pops. Disclosure: long @ 3.89 with a tight stop. Risk close to zero and reward is roughly 2x.
Is it just me or do the shorts seem scared. Next stop $8.
ScottradeElite lets you place sell orders on old shares, dunno about the regular website. Probably.
R/S will be announced this week, or done this week? Big difference. What is your source?
Awesome, that's 15.5 million shares that will be bought when this thing pops.
If they wanted to trap longs, it would have been much better to barely break .20 and close relatively strong. Lull 'em into a false sense of security then dump. Instead we now have a boatload of shorts scrambling to buy when Q4 results hit. That is, assuming results are good and the split isn't 20:1.
If I were an MM, I would have plans ready to go for each scenario.
And thank you, yerboss, for your contributions.
Great post about maximizing profits. I'm surprised this didn't get more comments.
That 500k bid at .148 is a good start! Prepare for lift off.
My bad, I replied to the wrong post.
Very nice buy. Of course they had to go and make my call wrong. I think we've got at least one big upleg left. A close > .106 would be a good start.
Very nice buy. Of course they had to go and make my call wrong. I think we've got at least one big upleg left. A close > .106 would be a good start.
.0975 was it, hope you got in.
3's filled today and a close at 6, that's what I like to see!
Interesting observation - This is the first time ECIG has had 3 consecutive days of higher highs and higher lows since it was over $10. Bear flag or accumulation? We're about to find out.
I bought 0005 for an intraday bounce play. Bet your ass I'm out by EOD, with my finger on the trigger if the bid thins out.
When I got in at .0005 I figured .005 was best-case, and sold 3/4 of my position at an average of .0041. This was based on the extremely unscientific but uncannily accurate chart "misprint" all the way back on July 2nd 2012 which just happened to coincide with resistance from 2008. Did anybody else use that bit of voodoo to help determine their target?
As far as I'm concerned this has had its run. We've got lower highs and lower lows on both the daily and weekly charts now. We may see a bounce from the .001-.0016 area up to .0022-.003. I'm not holding my breath for anything more than that, but will hold my shares in case news is actually released in which case I may raise my target.
Not a basher or a pumper, just my 2cents which is probably worth exactly that :)