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Yeah we exhausted the sellers @ 16 more than days worth of vol on the bid. If you think we are done sellout @ 16 hopefully fills some of mine!
Tech bounce should happen + no sellers left. As long as those who buy aren't looking to flip we should rise hard and fast. I think we rise to 20 and pause for a session then rise into low 30's before buyers get exhausted.
I'm on the bid as well can't wait for the next run up. Slow low vol is a key sign I look for on a positive run upwards. We have been at a price stalemate for a little bit on this one. Which with the previous history on this one looks really good on both the price/vol charts.
I could be wrong but I think we pop from here.
Every pinky going down has a bunch of people screaming dilution. Last two days the pink sheet market in general was down. At least most of the ones I have been watching.
If you like money buy when on sale. We go back to 20's on this one in short order probably by the end of the week.
Pick up 2 million shares @ .0017 and sell @ .0021 in a few days. Solid little $800 gainer.
I've been a fan of buying this one @ 23 or 24 for months now. Wait for a solid tick up then lighten position and wait for the sellers to give me more around these prices.
I say buy and get a nice big gain out of holding this one for a week or two.
Starting now cup formed and large swing upwards from today's extreme lows.
Sorry to all those who sold to me in 120's
Nah .01 is to low. We already bottomed and came to our senses that we are heading towards .0180+. Solid chart on this one multiple rebounds from the .0120/.0130 usually over .02.
I'm thinking .0180's on this one. Could have more legs for a bit more.
Check the chart for what happened last time @ 128 rolled into the 270's in short order. I liked it below 150. At current levels the risk/reward is worth doubling or tripling down on your position.
Doubt we run up as high this time but a bounce to 220 is very reasonable from here. I think 180-190 is most likely but 130 to 180 is a nice chunk of change. I picked up 300k in low 130's.
Me too I picked a few at deep discounts. Love it when stocks go on sale.
We hit the floor here and it looks like selling is over. Also side not you know when you look at a chart and think I should have bought there.
Is this it? I'm putting in a buy for 2 mill shares.
Consult the chart 150 isn't a bad spot for this one. Looks like the lows on this one about 170. If your ok with waiting a little bit mid 200s are reasonable.
Not at all. I think we get another good run up out of this one. The lower volume on same lows with this chart typically turns out the right way. I forget the percentages on it, but it is highly favorable. I have been trading the 24/25 & 23/24 for every million sold I'm banking 25k in shares for the pop. Also obviously been making a profit trading in an out.
If I didn't think we had a run up coming I wouldn't bank "profit shares" I would just bank profit.
I like playing with the house's money whenever possible.
This one is primed to pop. Vol low + been drifting down a bit. Any news sends us to 30's.
I feel like holding a million shares couldn't hurt anything.
I'm 16 of 17 this year on bigger than normal bets. I like the chart prices at a huge discount here.
Also on one month to yesterday you got a double bottom in upper 50's.
If I didn't already have a large position I would be buying to 70's we got potential to .0140 touched multiple times this year.
Yeah with Vol and yesterday's prices we got a run. Just the weaker less experienced investors selling out for smaller profits.
Shouldn't be long. I love being right especially when I make a few thousand bucks!
Seems like a good plan I picked 1.3 million shares yesterday under .006
With early AM vol and the double bottom on the chart it looks really good.
Looks like we might make some walking around money on this one today!!
A whale just tried a push down by putting 700K on sale @ 62. Not sure if they got slapped out or removed. Working didn't get to watch super close, but bid @ 61 got large. Don't see that wall falling soon.
Down 3k isn't that bad run the 60/70 cycle a few times with a couple grand and your green again.
If your down a few hundred buy a few thousand worth @ 61/62. Then start selling Those share in low 70's. Repeat until your out of the hole. Just watch for break of cycle. I have it with good trading action of cycle break @ 57. Basically if the consistent low is 57 or lower cycle broken. I also have my stop loss @ 56.
I like buying quick and selling slow for these kinds of stocks. I'm in @ 61 with sells of my position @ 71 (20%) 74(60%) 78 (15%), 5% to ride since we are near a year low with lots of upside potential.
Repeat till cycle breaks and or out the hole you are in. Also I recommend using stop losses to protect yourself.
Like when the trade range shifts from here to say 68/72 put in a stop loss @ 66/67 to protect your gains on your newer shares.
If you send me the details I can help trade you out of the red. A stock that has regular gaps and a cycle like this no hole is to deep.
Load up in the low 60's start slow selling in 70's. Rinse repeat hold free shares from profits if you like this one long term. Cycle is fairly good on this one. Should pop out of the 60's in next day or two. Winning starts with base hits ask the Oakland A's.
I do think this one pushes up in next couple of sessions easy 15-25%.
Enjoy
Understood your talking about ultra penny stocks you want perfect books go pay for a blue chip buy and hold forever.
Anything under a dollar you can't be serious about holding long term. Dreamers lose money.
Even at a dollar PPS most aren't going to work out for you.
Ultras look for oversold beat down near bottom of a repeating pattern and you'll do well. I try not to hold anything but free shares (from trading in and out) for longer then a week.
Also avoid chasing bad money with good. Set a limit the hole only gets this deep.
Dollar cost averaging is effective but only if a new trading range has been set, tested and deemed safe.
If you have some ultras not funded with toxic or risky debt I would love to review them.
"I am the wisest man alive, for I know one thing, and that is that I know nothing." Socrates
Hope this helps
Ok so finished green.
If company is worthless they will take all the cash they can get and convert everything ASAP then sell as fast as possible. They will not recover all the debt this way.
Small chunks allows the business to survive and get a lot more money.
Both Walmart and Amazon did this with Plug Power and both companies made tons of money off that. Of course on a much larger scale. I believe Amazon loaned them millions 1st then walmart both had options to buy shares cheap for instead of taking the money. When I saw those deals go in place I want to say late 2017 early 2018. I was like are two giants fighting over this little baby company buy buy buy. It was a good call.
Not saying this is the next plug power, but its not worthless and debt holder won't convert all at once and crash the stock after all it their money too.
Also they can choose to not convert. Hope this helps
Pop and drop is what some traders look for on these ultra penny stocks. I have been known to build in and trade out after making a few thousand.
We got a run coming. Where is the whale that had over a million shares on sale yesterday @ 93?
Glad I smacked a few from them. I bet they got way more under 93. Didn't have enough settled cash to take more from them.
Probably get a decent run on this one soon. I've already placed my bet on this one. My shares are on sale in the 130's come get em!
I hope everyone loaded up this week in low 90's. Looks like we are in for a good day on this one.
Its actually being manipulated down hence the low vol today 1/10th normal. They are trying to bracket the price out to get people to sell positions off. I put in several buys throughout the day in between the bid/ask 0 shares gained.
Anyway looks like someone with lots of shares is trying to pick up more at these prices.
Not a bad stratagem if you have the $$$ and shares.
Wait a few days once they are happy with number of shares or boredom sets in price will go back up.
Couple hundred bucks isn't crumbs to everyone. I'm usually happy with 400+ a day. 23.65% going high on my buy and low on my sell.
1k = 1236.50
Nice crumbs.
Also you could save 10% of you position turn a profit rinse repeat and wait for homerun on some free shares.
Better crumbs with principle recovered. Risk management :)
Hope this helps.
Think we are looking good to the upside after another dip into low 90's.
Should be good for another bounce. I would say buy small 93 big 91 start selling around 115 120. Good for a few points.
Might see a double bottom at .0060 then a large rise volume today is very low. We all know and love double bottoms. If we go below 66 again I'm looking to pick up another batch.
This one is a special kid for me. So when it drops to .0062 I have been buying which was the previous floor/spring board.
Previously it only tested .0060 super briefly.
Every time it tests this buy range in last couple of months it shoots out the cannon.
It did break the pattern briefly and traded @ .0059 today.
Basically it did the same several times before. Low (.0062) but each high has pulled in a little.
Next low test is @ .006 if it breaks watch don't buy. New trading range will come about.
I mostly do technical analysis these days. After all the charts include fundamentals and so much more. It is key to use several at the same time to keep your wins well above losses. I like trend-lines, chalkin, bollenger, macd, and RSI (reg stocks).
Fundamentals are best for your big boy stocks not ultra pennies. Most of these "ultra" pennies" have terrible fundamentals and going by them alone you'd never buy any of them.
Really I just id patterns confirm with a few metrics and make money on these little junk stocks.
Its to easy not to make big % on these junk stocks. If you want to share buy lists let me know. I would love to see what what your eyeballing.
I am watching about 150 ultra penny stocks that I have seen good patterns on. I export from fidelity to excel run a macro and zip it highlights anything getting close to falling into my buy.
I play with that stock till I get bored or have recovered 50% of my principle. Then I put my shares on sale good till cancelled at my sell from my buy sheet and wait it out. Some take days, weeks, months, a few I have held for a year or more. I hate the long term ones because I have to keep putting in my what seems like crazy high sell.
Hope this rant helps off to buy and sell
I get what your saying but we are about halfway through this bubble. Trillions recently injected to bubble + previous trillions......You got some time till you need to start looking at building cash positions and/or more gold.
At any rate feeling good about the few shares I picked up @ 23. Wish I had gotten more. Looks like easy money from here boys.
I was thinking of another ticker that touched 23 today. I edited my post. Sorry multiple windows open and doing multiple trades. I only got about 40% of my buy on that one. I edited my previous incorrect post.
Wrong stock I was thinking of another one. This one is good for another pop in next few days. I'm going to avg down soon I'm @ 182 but thinking at least 210.
I'll probably put in another large buy @ 172ish if we fall that far
I've loaded up on 23's but I had my order for them in for over a week and didn't get all 500k 24's are probably easier to fill.
Time will tell.
I do like the negativity because I get even cheaper shares while I wait and usually catch a buy/sell cycle or two before pop.
I don't fill and chill I usually like to put secondary money to work on in/out trades and bank some free shares.
Just picked up 200k more shares. 190k of my new shares are avail to buy @ .0210
I think .0120 to .0140 is coming again in next couple of days.
I disagree strongly. Look at the chart double bottom @ .009 plus yesterday the bands signaled strong movement coming to the upside. We have a rally coming. Bid appears to be backstopped @ .009 and small ask.
I just picked up 250K more shares under .0095. If you like money buy and hold for a few days.
Just looked at bollinger bands again. What happens when they get really close together again?
Answer - Usually a direction change with strong price movement.
Last month looks like a slow drift down. So new direction is up with strong price movement.
Also other factors but that is the one that caught my attention.
Enjoy
It might eventually but I think we hit .0200+ at least one more time first.
I actually have it hitting .0259 or higher one more time. I have the odds of that @ approx 74%.
If that happens I have another bump after a fall to .0120.That is smaller but to .0190's approx 62%.
I'll play those odds. Afterwards maybe trips land. I would re-evaluate after each occurrence before tossing more walking around money at it.
EZ money if I'm right!
Anyone else feel like this is the dip before blast off?