is...online physically, perhaps not mentally ;-)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"..put that one in the 5 eights account"
50% retracement from highs
High 1.30, now .65 You liked it at 1.00 gotta love it here!!!
Just trying to put a little light into this downmove
I've traded mannny a mistyped stock!!
I remember the days of pulling up one of my 12 level 2's, typing in the *wrong* symbol and buy buy buy buy!! Whoops!!! Sell sell sell sell!!
SIOLY is close but...
Little mid-day T and A down move with VOLUME
Little *disclaimer* at first...this is just some technical analysis to perhaps explain where we've been, what we've seen, why we're seeing what we're seeing, and what we might see in the future. We've all seen the DD and "fundamental future" of this stock that is, frankly, amazing!!! I am *not* posting this to indicate people should sell or buy...just providing information as to what others might be seeing and, for those who have yet to get in, if you are paying attention to what the future potential is in this stock separate and apart from the chart, perhaps use the chart to see where you can buy in and join the investors!!!
All that being said....providing a little technical analysis since I last posted a few days ago.
I previously mentioned the possibility of a short term “head and shoulders pattern” (see chart marked in blue at the top) possibly signaling a top and downtrend. There was a longer term uptrend from May 9 where we would have liked to see some support in the .90 - 1.00 area. There were two spike-down tails to support of .80 which were (no coincidence!!) the original breakout to our highs as the beginning of June. We drifted down on light volume off our highs for the month of June (see volume downtrend in black in chart). Unfortunately, that .79 - .80 level did not hold and we broke the triangle wedge to the downside ON VOLUME (see black arrows on chart). We haven’t seen this volume since early June. I would say, definitely a seller in that mix yesterday.
For now, we spiked down to .60 yesterday…no coincidence as .60 - .65 should be support where the breakout through .70 occurred on nice volume earlier in June (see blue arrow). There is also about 2 weeks of solid consolidation (see May 9 blue circle on chart) which should be support in the .50 area.
That’s where we’re at...
.79 ...no such thing as coincidences!!
If that pre-arranged/nervous-nelly/finger-slip trade *beautifully* down to the .79 level holds and we recover to close on our highs, that would nice.
So, so many factors with this stock, plus less than 2 hours trading on a Holiday weekend...
SUUUUUUCH a buy down there!! Anyone get above .79???
Scary...though that's the level!!!
For alllll the people on the sidelines not wanting to buy a "1.00 stock" here is a possible sub-$1 opportunity!
BTW, chart-wise, that .79 print is not a coincidence...
Big, BIG level there from early June. Let's see that hold!!
Someone call and ask the spread...
Could be like .80 x 1.20!!
Wow...there's some volume!!
Volume on the wrong side though. *Someone* had a sell order, huh?? Well, glad that seller is gone!!
Amazing someone unloading here...and that block of size. Wonder what they are thinking/seeing?? Beats me....
Good Morning!! Some Morning "T and A"...
We’re still holding an uptrend drawn from May 10. The nice-looking consolidation breakout in the stock above .79 in the first week of June has held with a couple spike-down lows (see red candles) to .85 and .86 (including an actually .80 print I believe right down to the level).
We’ve formed a wedge pattern off of our 1.30 highs. We’ve essentially been consolidating and floating around ever since breaking through .80. Still strong chart. We want to see a move to the upside through the wedge trendline…above Monday and Tuesday’s highs and higher. There will be resistance at 1.20 and, of course, the 1.30 highs.
What we DESPERATELY need is some volume confirmation on the move up. Volume has been *abysmal* over the past few days, actually past couple weeks. They must be waiting for ______ (fill in the blank: uplist, big money, etc.)
Rich Pearl, much respect for your post...
Great example there with what you needed to do...for you. Even with certainty of an outcome, when the time comes to act, you gotta do what you gotta do.
It's like real estate...some people might have the foresight or lucky to buy at the bottom and sell at the top. A bunch of people got caught speculating, gambling or hoping (or just refusing to see) at the top and got killed. There are a similar number of people who bought the top just because of circumstances...job change, divorce, death, bills, debt...had to buy/sell at a given time that wasn't "the best time" to do so.
And I *guarantee* there are bunch on the Board who have sold and haven't said they sold!! Maybe you need a car, pay off some bills, get a gift for the wife or kids. Or perhaps just silently nervous when this thing shakes around 15-25% in a day! When's the last time you were in an opportunity to book a 2X of 3X or 5X return in a couple months!!??? There was someone who recently posted that they left **millions** on the table selling off around 40 cents I believe. Tempting to take some off the table!!
Have fun all!!!
rich pearl Member Level Thursday, 06/27/19 01:42:40 PM
Re: greg19440 post# 14826 0
Post # of 14858
i've been asked this before (on this board). yes, i'm still holding, but not as many as i initially planned for. i was compelled in late March and first week of April to sell off shares to fund my move. the choice was rather stark. the alternative was to go homeless.
btw, just to get something off my chest -- this is not targeted at you -- i am always appalled at how little respect sellers get in this game. none of my brokers, bankers, lawyers, landlords, grocers, etc. has ever been willing to take shares instead of cash. and though my brother and i moved everything ourselves to save on cash, wouldn't you know it? i still had to reach into my pockets for dollars to pay rentals, apartment supplies yada yada... hmmm! come to think on it, none of friends barters in shares either. so....
there are a gazillion reasons to sell, but only one to buy and hold. its not an even world. though we should all worry for each other, the reality is all must determine for themselves what to do.
long and short of it is i'm still holding 74k bought at .004, and looking for better days than what has already transpired. but circumstances will determine my path.
best of trading to ALL
rich
Darn EdF...smart attempt!!
Technical analysis is not irrelevant, it's confirming levels and the stock itself!
Not everyone here got in at a penny or 25 cents, or 50 cents. Despite all the DD, positive information, news and analysis, judgments, plus touting this as the "buy of a lifetime" or "get in now" or "we're never going to see sub $1 again" or "I'm retiring on this one" etc, there are people here who have different risk parameters, use various sources of information to make decisions to enter into a trade.
Hell, if one used just fundamentals and the past financial filings, you'd RUN from this sucker (yes, yes, I know about the CareClix acquisition and the forward potential)
I've posted a bunch of TA charts and would like to point out the following:
(1) All the lines drawn so far (and levels/trends others have commented) are *working* and being confirmed; and
(2) The charts weren't presented to provide sell or exit points; to the contrary, its CONFIRMING support and that this is ONE SOLID STOCK to buy into!!
So, TA is just another variable to assist with entry. I'll tell ya...if anyone patiently bid in a nickle above the .80 level over this past month, your are a GENIUS!! I've added about 10,000 shares this month to one of my accounts and though I didn't buy .85 stock on 6/14 I sure did get .86!!!
I'll tell ya...at this point, there is much, much, much more uncertainty and speculation on the possible dates for uplisting, 8Ks, PR, as well as price levels with those announcements than compared to the levels being confirmed in the chart. I, for one, am *happy* to see the chart working as well as it is. Very, very rare to see such a thinly traded issue adhering to patterns the way SOLI is. Chart CONFIRMS this stock is SOLID!! Definitely yields some confidence with the stock and, perhaps, gives some confidence to people looking to buy.
And yes, once there is uplist, this chart is gonna look all sorts of skewed and will eventually settle into its own brand new pattern. Until then, LOVE how the levels are working!!
The chart is working, and works...until it doesn't!!!!
Enjoy!!!
Scott
PS...this stock is a buy!!
PPS...nice 25% gain bouncing off the .80 level to .99 as I type this...coincidence??? I think not!!
PPPS...$1.00 might be temporary resistance on the upside
DTGoody Member Level Thursday, 06/27/19 01:35:50 PM
Re: rich pearl post# 14824 0
Post # of 14835
Most of us who hold SOLI are not in this for the charts. This is not a technical play for me. This has never been a technical play for me. SOLI is a long-term investment into CareClix, and the future CareClix has in Telemedicine.
If any one is going to buy and sell based off the chart then by all means sell today and good luck getting back in cheaper? I Guarantee on the day of up list you can throw that chart out the window.
Once we are up listed and the market has found our true value then I can see where T/A will be needed in the future. Now it's irrelevant.
Mid-Day "T and A"... 80 cents holds so far!!
I'm sure that spike down sell tightened quite a few sphincters when your P&L was marked to .80!!
There are *no coincidences* that, so far, that was a picture perfect test of the previous .78 to .80 breakout level back in the first week in June. Support also confirmed with the uptrend at .80 as well.
I do see a little bit of a possible short-term head and shoulders pattern (see the blue arcs drawn) which might signal a bit of a pullback. I'm hoping that we move back up in the same way we did after the previous two-red-candle days which included that spike down to .85 and then a 50+% run to our 1.30 highs.
Note that that the day of that spike-down red candle to .85 started with a gap-down open, similar to today's open and action so far.
Right now...seeing if .80 holds and if we recover today's losses...
Whoever bought .80 made 15% in an hour...not bad!!
Whoever the contra was to that .80 sell before just marked a 15% gain in a hour with that .92 print. *Big level* that .78 to .80 level...let's hope it holds!
FINRA Requirements is also a variable...
I'm lovin' hearing all the date and timeframe and IMO's regarding when/if/how/what is going to happen. Wish there was a book of betting on these date estimates to get some sort of *action* associated with this stock!
Speaking of "material events" and triggering the need for an 8K, that the Judge has signed the Default Judgment might be an "event" that FINRA may require an updated filing to the Form 211 information. I don't know if we know if the Form 211 anticipated the DJ that was pending and asked "Hey FINRA, *as soon as* you see the Judge's signature, move this along now!!" I'm not sure what FINRA's requirements are with regard to the previously filed 211 and this new information.
We're at the mercy of the pace of the machine including FINRA and the MM. I'm gonna guess there were *dozens* of people here watching PACER more closing than the MM who filed the original Form 211!!
The action in the stock since the DJ was signed shows that this moves at the pace that it moves. *Its own* pace with no particular urgency other than our own.
If we have an "Opening Print" contest, let's have an uplist date and 8K date contest too!!
Yeah, 1.10 is interesting...the steep uptrend ending just under 1.10 is touching all the tails from May 31 and June 14. Pullbacks on June 14 and June 21 are keeping the short term uptrend. Decent confirmation for that 1.10 support call (albeit steep, short-term uptrend support).
Interesting that the not-as-steep uptrend drawn starting with May 9 to May 31 extends support to the .80 level which was a real nice consolidation level and breakout on June 10.
With that I would say you have “the whole number” of 1.00000000 as support (we traded down to 1.01 if I recall the low a couple days ago) and also support at .80 (we traded down to .85)
Notwithstanding the low volume and itchy-need for a little patience for a move, stock looks healthy!! Notice the volume since the week of June 10. We need to see some volume days approaching the 200K mark.
I’m loving the lines and will keep drawing the lines.
The lines are working….until they don’t!!!!! LOL!!!
Thank you Smitter and DTGoody for the summary DD post. I saw reference to it when I originally joined at the end of May and lost it....reading over again.
I'm only 13,127 posts behind!!!
Thank you!!
Ahhh threewheeler, thank you. Sorry I didn't see...
TONS of posts on here and looking to keep up I missed some info. That makes sense now that we are further along in the process.
I wonder if the Form 211 was filed in a way that was just "pending Default Judgment outcome" or if an update to the Form 211 needs to be filed with FINRA....??
Say someone wants to buy 50,000 shares right here, right now...
They put in a 50,000 bid say they even cross the market at 1.25 right now. What happens?? On a Level 2, that might scare some offers and they lift and go away (or the cross gets immediately executed like a market order). Here, now, however it's "matching of orders" and we've seen the size (small) that typically goes off.
So what happens??....does the 50,000 bid get plucked odd lots and 100 shares at a time, perhaps 500 or 1000 here or there...so that at the end of the day they have 47,635 left in their order??
Seriously, what is someone wanted to buy 50K or more shares?? Perhaps they are calling up their broker to arrange a block trade or something. I'm just wondering....
Ha...sneaky is when this gets listed on NASDAQ and you see big size on the offer that lifts, you think it's gonna fly so you buy few lots. Then someone comes in low offer for 300 shares and refreshes...and refreshes and refreshes and refreshes and...
Or you got hidden stock shaving a fraction of a penny below the offer. Love that too.
Oh, it's gonna get fun!!!
Here's the actual FINRA Form 211...
https://www.finra.org/sites/default/files/AppSupportDoc/p126234.pdf
Someone get this to a Market Maker or fill it out and send it in!!!
Timeframe for Form 211 Approval...months??
So with the DJ signed by the judge, I have been seeking information on timeframes associated with anticipated FINRA filings and progress.
I was reading the following two articles. I'm not sure what I was reading was applicable...is this the FINRA From 211 associated with SEC Rule 15(c)2-11 that everyone is talking about here?
https://www.issuerconsulting.com/services/15c211-application/
http://www.legalandcompliance.com/securities-law/15c2-11-application/
If so, the issuerconsulting link above makes the following statement:
3 to 6 *months*??
Again, is the information in the above links what we're seeking to see filed and approved for SOLI??
If so, based upon this information, it does not appear that approval/acceptance/uplist may go as quickly as speculated...
*Used to* own REPR??...what happened if I may ask??
Please, please short some elkonig...
I think this just goes to the likely fact that so very very few people apart from us and some twitter followers may have known that there was a DJ ruling pending, let alone signed and released today.
Words gotta get out and, IMO, needs some FINRA filing and activity and then..................
So short it elk...can't wait for the comments when this is $2, then $3, then...
It might be an impossibility that it trades at $1.50 for him...
They way this has been trading sometimes, if he puts in a bid at $1.50 he might get filled at $1.20!
If you were able to get in at like 2 cents or 20 cents for a 50X or 5X ride so far, you were one of a lucky few. Even if you bought through some levels (.65-ish and .80) a 2X and 50% gain ain't bad either.
Are you too late?? That's like saying that any stock that ever had its history starting at a just a couple bucks that turned into a $50 or $100 issue wasn't worth buying except only when it was a couple dolars!
I'm *not* saying that we're going to 50...I'm saying right here, right now, there is legitimate data and potential for a 3X, 5X or higher move from here. So you didn't get this initial 5X move....just catch the next one!!!
Thanks DT...luck definitely had a some part of this!
I just realized that the first purchase I made back in the day in 2008 was 1.20 so only had to wait 11 years to come back.
I WASN'T WRONG...JUST EARLY!!!
They say luck is preparation meeting opportunity. My initial few thousand dollar investment turned into, literally, "pennies on the dollar" Though it would "bounce" a bit so I super-sextriple-tuple-double-dip-lindy doubled down *heavy* at a penny. And there is sat...for a decade...
The preparation part was buying the shares and just simply not having any gain in that account to offset with the SOLI loss at the time. I had other gains through the last decade...just didn't even think of this account and never sold out.
The opportunity is the here and the now. I could very well have sold out of my position if it weren't for the information on this Board. I want to express Gratitude too all those who have contributed...thank you!!
Thanks for the cap gains calculator DTGoody!!
I believe the overall majority of my position in the stock would be considered long term hold...from *2008*!!! I have amassed more recently in a separate account which I don't look to sell for *years* even if we 5X from here...
Many people here are doing *great* DD work...overtime above-and-beyond work by some seeking, as best as possible, clarity with regard to court cases and the effects on share float and extrapolating market capitalization to determine possible price levels in the future to some technical analysis potentially indicating buy levels...
I would imagine the quest for news and information is also a quest for accurate information to rely upon. To the question "Does it really matter?"...yes, to the extent that people following this Board, especially newcomers, are seeking to find information that is accurate, there is a distinct difference between the highlighted, pinned headline at the top of this board indicating "CareClix ranked #1 recently by this software site, Envzone" vs. "CareClix is mentioned in a group of 7 telemed companies."
That was the distinction, and it appeared important to anyone reading and assessing information...
DTGoody Member Level Saturday, 06/22/19 03:20:45 PM
Re: meshuggahman post# 13997 0
Post # of 14009
I am happy just for CareClix being mentioned in that Envzone article along with so many other articles! I Don’t know if they were listing them by ranking or not? Does it really matter? LOL :) The point is when the investing world finds out CareClix has gone public through SOLI investors will be knocking down our doors to invest in CareClix,
Envzone article..is that a ranking??
I was wondering if that Envzone article had the companies listed in a ranked order...or was it just a list?? I didn't see anything mentioning otherwise. The introduction of the company names at the bottom says, "Here are some telemedicine companies that I think they have done really nice work!" No mention of any particular order...
Hey, it's great that CareClix is mentioned and we've known that they are respected and watched. The article seems to be just a list, no??
Yes, transfer agent would assist, however, I do not know what that "assistance" looks like, the process, confirmation or the timeframe.
I'll see what information I can find from my attorney friends...
Since the motion is, as far as we known/presume, uncontested, it will be decided "on the papers" (that is, without the need for oral argument before the court). When I clerked for my Judge, the motions that were indicated "on the calendar" were the ones coming in for oral argument.
Just because the motion is not on the "oral argument calendar" does not mean the Judge does not have a date to rule on the motion. You'd have to confirm with the Clerk of the Court (or the Judge's personal law clerk) to see if the judge when the Judge will be issuing a ruling.
Ha!! Haven't been holding back!! I've only been a member of the board for a couple weeks and the first court document I caught in a post was the Notice of Default from 5/20 that was posted here on 6/19. I just saw it tonight for the first time, so I commented as I did...
So what happens next I touched on in the last 1/2 or 1/3 of my previous post #13970 (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149536539). Since Motion for Default Judgment (DJ) was file and time for defendant to seek to vacate default has passed, it appears that they are awaiting the judge's signature entering DJ against defendant. As the motion is pretty cut and dry without the need for oral argument, it should be readily granted.
Timing?? Not sure...I imagine it will be scheduled for the next "motion day" for signature. In the court I worked at, it was every couple weeks. Not sure of the Federal District Court timeframe.
I am also not sure who the judgment will be enforced. If, for example as I worked on, there was a case of negligence, defendant failed to answer and the case was dismissed, then DJ was entered for the amount of the damage claim. The plaintiff would then move to "enforce the judgment" to seek to collect the damages.
In this case, the relief sought by plaintiff is "declaratory and injunctive relief" declaring the shares "illegally and improperly attained issued" rendering them void, canceling the stock and preventing marketing/transfer of said shares. I am not familiar with how that relief is granted...is there a process and confirmation from SOLI to cancel the shares?? Does the SEC get involved with assisting with the cancelation of shares and/or confirmation thereof before it is "official"??
I apologize I have no experience with this type of Securities judgment enforcement or process. I will speak with some of my attorney friends to see if they know the next steps in the process.
Do we know when the Motion to Enter DJ was filed?? I only saw the Notice of Default posted here 6/19, sorry. Motion to Enter DJ would have to occur after the issuance of the Notice of Default that you posted smitter.
Thanks!!!
Hmmm, thanks merstradamus, I didn't see that...did it??
If that is the case, then since the request isn't for any "emergent relief" that would require quick court action, then the Court should rule on the Motion based upon is motion calendar.
I'm liking the chart and the "T and A"...
The more I look at the chart and levels, the more I'm liking it. If I saw this chart and didn't know it was SOLI, it could very easily be a chart of stock trading 100X the volume at 100X the price.
Granted this is a thin sucker and we've seen some various 10% to 20% moves intraday, the setups for breakouts, channels and lines of support being drawn, gap fills, volume confirmation/drifts seem to be working pretty decent. Explanations for the patterns in the chart so far seem to have more certainty and less speculation than discussion when we'll hit $2 or get uplisted or what will/when will whatever happen with this Default action.
Definitely, definitely need more volume and professional players to rely more fully on the predictive use of the TA, however, as a tool to explain the price action so far, it's pretty cool for a stock that was a dime very recently!!
Have a good weekend all!!
Scott