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"he made a comment that ALL of his assets are in the company and has to make this work........."
What human being talks like this to some random investor, no less the CEO? Parts of your tale were ALMOST believable until that dumbness at the end.
When the indicators say it does. To know your support levels is to know when to be on high alert for those changes. And we aren't there yet.
The next leg down will begin tomorrow. We won't actually GET there tomorrow, so please save the 'you're wrong' responses for the next week.
If it turns sooner, I'll be in, and I will say where I got in. That's it.
Thanks M. It's amazing that there are still posters on this board that think I wake up, see that it's red, and just call more red for the day. Nothing special. The trick is knowing when it makes that turn before the rest of retail does. Just like nailing the signal to sell, before the rest of retail does. It does take SOME skill.
Whaaaaat? I know you've been here long enough to laugh at the 77 call. Correct? I don't throw darts. When support breaks, it's on to the next WHILE ALSO finding yourself with a descending, sloping ceiling from above. It's dragging you down to that next level until the indicators turn. Has nothing to do with "Both of us being right within a year".
No offense, but wasn't 77 laughable a week or two ago?
Really, the only risk I see here, based on all indications, is a soaking up of the float. Accumulation is up and rising, and will likely be steady all the way down, as some real players start buying at every level.
I run that very risk, myself. I have some, but not as many as I'd like, as I look for the most discounted of buys. The day could well come between here and there, that your intended buy gets blocked out. Shit happens. And that's where the longs will have a monster edge. IF, that happens.
GL all.
Probably a good move. Can't see enough support there to hold this back right now. Just think, now you'll get twice the shares down there.
I agree. I have to go with the assumption of nothing until the next Q, and just look for that bump in sales. Lots of promises from this company. May still come to pass, but I'd rather just play the best bounce I can at this point.
Absolute low is .0018 but there seems to be the strongest support at 23's. Scary stuff, I know, but it'll all be over soon.
Will watch for the turn somewhere down there. It really won't take but a week to get there.
Not sure of any other way to interpret it. Below 77 brings next support at THE lows at .0023, with nothing but air in between. Sounds crazy, I know, but once again, this is the path we are now on. Plan accordingly. If it turns sooner, great. But I don't think so without BIG news.
I'm quietly watching from the sidelines. Not here to stir things up. Not buying yet. Several indicators now show a total break of 77's with 23's in sight in the next week or so.
I only say this for this that wish to make a plan if it starts it's drift below. And it will.
So no, this is not the bottom. 23's will be.
"...management believes that the Company expects to be close to profitability by the end of the fourth quarter of 2019."
Talk about CYA.
It seems that many have never been around after a ho-hum 10Q. A lot of this is no biggie, and yes, still lots of debt. Sales are there, but they have some serious work to do.
Investors are going to view that level of debt before anything else, followed by a delay in the deal. I'd tamp down your anticipation for .05 tomorrow. Nothing in here suggests an explosive move upward tomorrow.
Traders will likely dump it, then come back later. Today's spike was in anticipation for something bigger. And it's not.
And does anyone really not believe that if there were huge news in there, it would be tipped off to someone? Insiders know these things, and PCTL would have shown it in the accumulation and money flow prior to the release. This is ALWAYS the case.
Like I said this morning, money flow was tepid at best. Accumulation was on the slide. There was no hint of anxious accumulation this past week.
This 10Q will not be well received in the morning.
Nothing reckless about it at all. News won't come until this move plays out. It's a concerted effort led by the MMs. And telling when I flip is the fairest thing I can do for my followers, rather than staying silent after telling them I bought, then watching it drift down to 7's. That would elicit a lot of WTF's, yes?
We are all responsible for our actions. I'm as transparent (and detailed) about my moves, as anyone on this board.
What people fail to recognize, is between 'news', your stock is doing stuff. Technical stuff. Waiting on this open-ended news event, as with any otc play, will leave you broke.
I haven't sold everything, but I continue to build my position when that day comes.
I don't think anyone should post their trades, personally. I think it's none of anyone's business.
And if this is lotto to you, imagine what you could make if you knew what you were doing!
Done for the day. Let's see how it all plays out today.
Entertainment. OK. Well, it is an absolute given you will test 9 again. And 77's are outlandish?
Be entertained, or grab the best buy you can. Your call.
Gloom? No. Vindicated? Yep.
Shares are locked up? First day of trading? Accumulation and money flow are in the basement. Plenty left.
That's no secret. Yes it is, awesome. Won't be riding this wave down with the rest of you. Looking to 77's soon.
No, but by stepping in front of the ask with the predictable decline, I sold a chunk for as much as you'll see for the rest of the day. You?
"Hilarious how people are acting like they’re the shit here because of charting LMFAO. This is the otc and news can change this in a second. otc is a matter of putting money that you can afford to lose in to see if news and dd pan out it’s that simple."
For some of us that know what we're doing, this isn't gambling. You have much to learn, grasshopper.
I could have traded this chart without even knowing what this company does.
This is not bashing. The forces above you (coming down) are very strong right now. You will go lower throughout the day.
Sorry to rain on your parade.
OMG! Still? You are now settling below the last support you had until the next low is attained. No bounce. Not how it works.
Werd, I don't go with the crowd. This move today was 100% predictable. Friday grew progressively weaker from noon to close. It was painted back to .0145 (from .013)in the last two minutes of the day with 2,000 shares ($30). Only the illusion of strength.
Came into today trapped below a fistful of resistance, and declining accumulation and money flow. Not just because "Filings are late".
Watching for my next buy, much lower.
You seem to be unaware of the fact that prior to the run to .04 all of your accumulation and money flow indicators were cranking to the upside. They are now flat, to down. Do you even look at the whole picture, or is it just your gut?
Volume fell off the cliff as the day wound down Friday. True, genuine excitement would have had volume ramping into the close.
It's not about one days big, green candle. C'mon chart guy, gimme anything technical to support your claim of an imminent burst out of the gate here?
I am absolutely on board with those numbers.
We shall see!
Exactly, Strader. Although it did manage to stay above a couple of short term MA's, it closed below the 50 day, and weakened throughout the 2nd half of the day.
Volume was decent, but nothing compared to the 30M avg we had only a couple weeks ago. Didn't attract the bigger players on this spike.
Should be a very interesting week.
Great analysis, J. For me, I like to see if the strength of a spike is supported in any other way, like money flow or accumulation, as well as increasing or decreasing volume. After the initial spike, everything in this case, started heading downward by midday, and continued that way until the close.
So when we open on Monday, you have to wonder what will give it that extra push in all of those areas, to break out, without something real.
As always, watching closely for the opening action.
GL
Not about a few grand, Champ. About multiplying my shares.
Light years beyond you.
I would agree with that.
You first have to be open to accepting that MM's do more than just fill retail orders. They create a means for larger players to load, to flip, and the charts they draw for us gives timing to the end game.
So in a sense, yes, that process will often be allowed to fully play out before news is released.
It's why I never freak out about news with time still left in a chart. Been doing this successfully long enough to know where my odds are favored.
Never a guarantee. They can release news anytime they want. But I feel safe in this process. Suggests another week of safe trading until news.
Do what feels right to you.
They are not separate and apart from each other. MM's draw the lines for us all to see. You just don't know how.
Trend lines are very much TA, and that TA says the slide continues. Don't you think retail could have pushed it up and through a descending trend line?
No. Those are MM'S doing what they do best.
77s next. And if that breaks, maybe a quarter cent.
Back to the depths next week. I see sub Penny again without a doubt.
Good idea, P. Because things aren't always what they appear. The cheerleaders will get burned here if they don't pay attention. And they won't. Proving me wrong is more important than making a smart trade for them.
Despite yesterday's pop (which I did buy into, and have profited from), I came home to find we were still very much locked within the very upper boundaries of the current formation. No amount of ask slapping was able to break us through that. Evidence again, MM's will keep us within the field of play.
The ONLY thing that delayed the fall to 77's? Pi's move to spark a frenzy with her buys on the ask. It led to a false signal. The chart wasn't done yet. People went nuts thinking the breakout was here! I thought it was too early for that move to happen, but we did start clearing some necessary hurdles, so I was in.
The real action will happen this week. Hold or flip, but the trend back down has already begun on the intra-day.
Add to that, accumulation was awful, even with the volume we had, and money flow almost non-existent. These were not whales, but over-excited retail.
100% TA right there.
Prognosis: Given the move to the bottom has NOT yet been completed, news will hold off for another week. About the time it will take for all of this to play out.
Hold or flip. I've already made my decision.
GL
Sadly, I'm going to have to say no to all of that. But man, I really dig your enthusiasm!
Would love to hear everyone's opinion of what Monday will bring.
If you're already offended by my 'opinion', you're really not going to like what I have to say by the end of the weekend.
Damn that TA.
P.s. I realize now, as I've recently been told, that a child could predict what's coming. After all, it's easy, given that filings aren't here yet, right?
Let's hear where everyone stands here. For the record.
Thanks Mr B.
I try to give people something tangible they can work with, validate, and follow along with for themselves.
Some take it. Some discard it. Some are offended I would ever even suggest it.
To each his own.
Now let's make some cash here. :)
Very much appreciated, MJ.
Yes, that is the art to it. Ha!
Good luck here. Hope it's as good as many of us envision.
Couldn't have said it better, Strader.
People read what they want to read. Always said I will know when it turns, but that we continued to track toward support.
Nice to hear from someone who really gets 'the game'.
Thanks Mr. B. Never saw this as a scam, as some do. No one likes to wait like this, but with real sales happening already, why pass up what's behind Door #3?
It's charts that told me it's time.
You really suck at this.
Multiplying my holdings. You?
A close above .0105 at 11am, and I'll be looking to enter.
Never married to any one price. When it turns, time to get in.