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Morning spike then collapse?
Downtrend correction was long over due. Believe it's going below 100
Yeah the beautiful OS is particularly exciting. Won't take much volume to send it sky rocketing when the time comes.
Thanks for sharing StockHobit. Sometimes just a few words says it all. I like his straight to the point confidence.
$IBGR
I think you've nailed it; the pr only went out on otc markets. And this makes sense. Remember the ceo indicated in past emails that they specifically didn't want to do PR until everything was all ready.
It's still quiet because mostly it's just us who saw it so far :) Pretty common in RM plays I think, the FOMO chase doesn't begin until the official PR is widely sent. Like the symbol change etc.
Thanks for your analysis Chartmaster :) I agree, that's what I called monday but I was a little early. Now though after the failed bull rally bounce from the 103 area test, your scenario in the 90s looks imminent.
Unless the 5G has already been priced in like some analysts have been saying. Remember relative to the start of this year apple MC is still massive.
Regardless of whether it does go up from 5G sales though, I believe it's likely going below 100 first. We're in full downtrend now.
Believe they were around 95
Agree on all counts
The second test of 103 looks imminent tomorrow and after this failed bull bounce yesterday, breaking 103 looks likely.
If it breaks 103 it will test 100 and if that fails likely to finally fill the gap around mid 90s
Looks like it's time to go full bear catdog. It's okay, a correction to mid 90s is what it needs to reset.
You're welcome. That's what I did personally. And if $AAPL hits 90s like I think it will that could be a great place to switch to some calls ahead of earnings.
In a few weeks? Sure possibly. For now? Full technical downtrend in progress.
At this point buying puts into mid or late October dates could be an excellent choice. If this downtrend continues, which it looks like it will, those puts will be significantly profitable within the next week. Or possibly by tonight/tomorrow if it keeps falling off a cliff like this.
Well we will see but honestly I wouldn't buy here, this isn't a pullback anymore this is a downtrend. Expecting it to test 103 again
I think it's going to go full downtrend if it doesn't reclaim 112 today. The bounce after hitting 103 was inevitable but after that it needed to maintain significant volume to reestablish an uptrend.
And so far that has not occured.
I'd never short it. I'd buy put options though since those have limited defined risk. But shorting in this market? No thanks.
Still bearish on aapl right now though catdog. We must see 103 range again before 5g :p
Nevermind I just remembered wrong, my apologies. That seems like an excellent amount :) With the exceptionally good share structure here it doesn't need much buying pressure (or selling pressure) to move it.
So I think when the filings and then PR come after, it could pretty easily see .08 to .15 range. That'd me a nice million or two for you. I'm jealous haha.
Wait a minute! I thought you had 10 million and then sold some? What's going on?! :p
Personally I'm still bearish. I think it will retest the 103 range within the next week and then we'll see what happens.
Scot is right; with the close yesterday and then afterhours, then today the downtrend is still continuing on the chart.
Of course with the way the market/aapl is who knows it could have a bullish rally. But for now it looks weak still.
It is wise to always restrain yourself from getting overly excited before anything is 100% completed. I don't fault you at all for trimming off some of your large share holdings here; it's good to stay comfortable in your trading and if you need to trim a holding you've been waiting on, that's fine.
I'm pretty confident here though so personally I wouldn't sell any more before the filings come :)
$IBGR
That's always the question isn't it? :) I think it's great though they already have revenue, the stores in china, and they've already launched successfully before until the financiers screwed them [and multiple other companies] over badly.
So I think there's a good chance that there won't be any need for share issuing financing here.
True, RMs don't happen over night, these plays take time and patience to lead to the big paydays. It's great to know it's finalized now though and that filings are coming $IBGR
While I definitely think it could hit .28 eventually given the excellent share structure and Dryworld, the after hours level 2 will often show super skewed prices that as far as I know basically mean nothing.
$IBGR to DRYWORLD imminent :)
Definitely true, the OTC is like MMs own personal wild western playground. They have endless devious strategies to employ to get the results most profitable for them.
This I absolutely agree on.
Do you enjoy obnoxiously gloating? Lol calm down. I just respectfully shared my prediction. Not only that but I didn't say it would necessarily happen today and it certainly still could.
Great prediction for today cat dog :) Let's see if it holds up tomorrow
It'll rip when Bentley gives us the awaited updates/filings etc. But since he's behind schedule now on the timeline he gave, low volume dips it is.
You may have been right cat dog. Interested to see the close and then tomorrow too.
Little bit hard to understand cat dog, think you may need a nap :)
Agree that gaps don't always need to fill, but in this case support is so weak it looks like it will. We'll see.
I don't think it will close green. If you're long in aapl stock though I don't think that's bad :) If anything going down to gap fill in the 90s would perfectly set the stage for upcoming new iphones/5g iphones and earnings reports etc.
Might be better to fully correct now so it then forms a strong support to relaunch from.
At this point I think it will fill the gap in 90s. The upcoming positive catalysts are too far out and it's support keeps getting broken. Looks very bearish near term. Needs further correction apparently.
Hold strong and it'll be well over .03 within the very near future :)
I think a drop after the custodianship transfer was inevitable; was already priced in and everyone here knew it was a given, just a formality. The hearing took literally like 2 minutes.
Now we're ready for the real catalysts-PR, twitter, otc market current, and filings.
$UAPC
You're welcome :) He's also a multi millionaire who has a successful CBD product line/business already operational. $UAPC is going to be huge imo.
Even if they don't normally trade stocks, I'm sure when RVD tweets about it a ton of them will buy some shares. Especially with the stock trading/Robinhood craze among the average population who never traded previously.
With RVD at the helm, why wouldn't they grab a few shares? After all they know him and his product already.
$UAPC has built an incredibly bullish setup here, now that the RM is all official once we get PR and otc market current this is going to blast off.
Wouldn't be surprised by .05+ in the near future.
RM completed, custodianship court date was earlier today and the transfer motion was approved.
Now $UAPC belongs to RVD and his business. Expecting PRs, otc market current etc. in the near future. Wouldn't be surprised to see .05+ within a matter of weeks.
https://mobile.twitter.com/dangerzone322/status/1306638354398748672
He's clearly very excited to update us all. It's coming $UAPC
Court hearing taking place right now for custodianship transfer finalization handing UAPC over to rvd.