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Old computers,laptops and probably all mobile devices have a problem with this site.
Lots of other faster forums out there, here is one: http://stockaholics.net/threads/stock-market-today-may-30th-june-3rd.1156/page-3#post-9652
This market wants higher, I think we push to new highs this summer, but risk of sell off into Oct.
I have no fancy algo, but Ill go long when I see this break out here:
http://stockaholics.net/threads/fnma-fannie-mae.1088/#post-8128
Over that $2 resistance should send it off.
Looks like its a strong possibility. This chart is pretty bullish:
http://stockaholics.net/threads/mgt-mgt-capital-investments.1002/page-3#post-8126
Just needs to hold that support and this could get a pop.
No no! Cover at $5 or higher! ;)
But seriously, this thing could go either way. Just as likely to hit $2 as $4.
Im just gambling long.
After all the coke he has been snorting while in Belize? :D
Realistically he does not need to do anything at all, its just his name they need attached.
Those were different times, these days there are thousands of competing products and companies, back then he had first mover advantage.
Over $3 would be very bullish, video here shows the two day chart on that level as a break out:
Ill take $5 happily.
$10 I will believe when I see it :D
I dont think anybody ever denied this was a classic pump, the question is: "is this over?", which it may not be.
Im in at 2.9ish, hold my hand! :D
L2 as of 10:25, this thing looks like its making the same move as yesterday so far:
http://stockaholics.net/threads/mgt-mgt-capital-investments.1002/#post-7374
Baby steps, needs to see what kind of support comes in once it takes out 0.02!
Yeah, that goes without saying, but I used to say "do your own DD" a lot too!
The problem is 98% of the people out there have no idea what that means! lol
True, but traders do, and most people here are that because as we all know, you dont "invest" in penny stocks.
Right? You all know that right? :P
Just making sure! lol
Also watching IWM constantly as my risk on/off indicator. This market needs IWM rallying if it wants higher IMO.
Easy there tiger! ;)
Agreed there, we have seen this story before, everything looks terrible yet we march higher.
Im not counting out the bulls just yet!
0.019 resistance tested twice yesterday, but one more day of buyers could do the trick.
Current pre market L2 looks like so: http://stockaholics.net/threads/cdnl-cardinal-resources.930/
Seriously lol! Awefully close to new 52wk highs.
This thing just wont stop! Check out the resistance it is close to on this chart:
http://stockaholics.net/threads/hlf-herbalife.926/
+14% AH yesterday.
Probably pretty close, but lots of longs are nearing the "I give up!" point, so it may hang in single digits.
The high end stuff still cant be touched, but it does not help that you get competing (lower tier) cams for half the price like this one:
http://stockaholics.net/threads/gpro-gopro.37/page-2#post-5602
People looking for a cheap low end camera will end up going for that stuff.
Yesterdays 0.38 holding was a good sign and this move to .44 is a higher high, short term bullish.
L2 screenshot http://stockaholics.net/threads/trtc-terra-tech-corp.304/#post-5399
This market keeps powering ahead, looks like new highs for the summer on the way.
Who is Fiber Group? Any webpage for them?
Anybody got some recent examples of reverse mergers that worked out well?
Im trying to find some examples of empty shells, or reverse mergers over the past few months that have worked out well and have held gains.
Got any?
Not a bad close at all. This channel from last week is still intact, the chart showing the current move:
http://stockaholics.net/threads/avxl-anavex-life-sciences.425/#post-4061
Im would like to see a move above the resistance!
I agree, I think today saw a lot of short covering from those lucky enough to have it short before the halt which actually kept the price up.
While I do hope the longs that got trapped get a chance to exit close to breakeven, its really a long shot.
Some poor guy bought this morning! More than he should have too, now that was bad timing!
Honestly, write it off as a lesson learned. Education in this game does not come cheap and this was probably the most expensive lesson you would pay for.
I think in my 20yrs I have only gotten stuck in a CH11 stock once. I never went close to trying to trade distressed companies again.
Your shares will still be tradeable when this opens up again.
Unfortunately its going to be at a lot lower prices. There will probably be a short squeeze that could rocket the stock in the opening hours as all the shorts from current levels lock up their profits.
Yep, gets a Q added to it and will continue trading, but it will not be at this price range, thats for sure.
Dayummmm... Im sorry to hear that :( Your timing could not have been worse.
Unfortunately these things happen in the world of trading, I hope you can recover from this soon!
Unfortunately yes, common shares are not going to work out well here.
L2 snapshot before the halt was at 9:32:44, bid/ask 0.2961/0.3988
Screenshot: http://stockaholics.net/threads/sune-sunedison.32/page-2#post-3446
Nice move today and coming up on this resistance level charted here:
http://stockaholics.net/threads/baba-alibaba.29/#post-3294
That was a tough level to crack in Dec, but I feel with the broader market strong here, it could do it.
Anybody else long?
There are indeed exceptions, but always expect the worst because then you cant be disappointed! :D
Nice catch, looks like you almost got the short term bottom here, lets see if it holds now!
L2 chart http://stockaholics.net/threads/amda-amedica-corporation.662/#post-2735
needs to get over that 2.27
I hear you! Im just having too many flashbacks to GM. Same story, everybody thought it was impossible for the stock to get too cheap and the upside was always +1000%.
Well, restructuring time came and things did not work out well.
I was reading that article and wondering how this is not a serious breech somewhere?
How is this information leaked conveniently?
Todays action might have been red, but if you look at the volume on the chart http://stockaholics.net/threads/chma-chiasma.568/
This is the biggest since the bottom in Oct last year.
Yes, excellent use of hash tags! ;)
Possibly yes, this is sitting right on that support level.
This is a good pullback intraday too.
Support chart: http://stockaholics.net/threads/fb-facebook.204/#post-2084