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Exactly Nick...
Looking good, but unless bid support comes in it won't break out.
It really should, this is SO thin now.
Hopefully buyers just keep hitting the ask, though.
If it does not break out this week or next week at the latest, I'd be surprised and disappointed. And that's assuming of course we get no bad news in the interim.
Bobby, I know we're both chartists...
With a technical setup like this, IMO if it dosen't break out next week, it ain't happening.
Thoughts?
you guys are probably right on that...
should keep my intentions to myself. i have very disciplined buy/sell rules based on technicals that have served me well with the pennies. but that is my business, dosen't need to be shared publicly.
for the record, i have not decided to sell yet. and that's the last thing i will say on my personal intentions.
good luck to all.
Good for you, Block...
Not here to debate you.
My cost basis is .0009, so not quite as good as yours.
understand, in theory...
but it seems to me without sustained buying pressure, the MM's will just keep lowering that bid.
You are correct. My bad...
But I don't understand why you would buy at the bid, where there is a .0001 difference, if you like the stock so much.
To me, that's just being cheap.
May have to wait until Monday...
For my shares. If I do sell at all. Haven't made that decision yet.
And if I do sell them, you may want to do your fellow shareholders a favor and buy at the ask.
Bid whacking won't help the stock.
We ALL know it's thin, Sully...
But where is the buying? With this nice chart and September volume, this should be on many radar screens. IMO there has been a more than adequate consolidation period.
I think it will break down without continued and sustained support. Unfortunately, it appears people are sitting on their hands, and the stock is at the mercy of Brad's and/or the lawyers and/or pinksheets timetable.
Too bad, because I agree if this goes soon, it could be some run.
Well, at this point...
I'll settle for a .0015 close going into the weekend. Anything less, I may move to the sidelines for a while come Monday. Or today, if things start looking bad going into the close.
;) EOM.
Taxi.......................................................................
D oes
I CTY
C ommon stock
K ick it into high gear today?
!
PPO about to make a lower low...
This indicator is like the MACD, but IMO provides about a day or two of an earlier signal than the MACD.
Stock needs to head north today or else the lower low will happen. I usually bail when that PPO makes a lower low, but the stock has also held the mid point on the Bollinger Bands (a.k.a. the 20 day MA) since it broke above the 200 day. I will stick around until the stock closes below that BB mid point. It almost happened yesterday and is still precariously close to happening today.
It really is puzzling why the volume has dried up to virtually nothing. Yes, I understand it's a good sign that nobody is selling, but without buying pressure it won't go anywhere. And the longer that situation exists, the greater the chance that holders/traders will sell and move on to something that will make them money now. And we all know that MMs like ETMM and NITE will be more than happy to facilitate that process.
I personally believe the only way this moves higher is through short covering. I am skeptical that the upcoming company events are enough to justify any huge buying of the stock. I think some of the MMs are way short on this, so I'm hoping we can bust through .0025 and see if they start covering if and when that happens. As long as Brad resists the temptation to dump shares, we have a chance.
This could break out huge, or break down huge, any day now.
I tip my hat to you, Phil...
Very nice call today.
I don't think we're out of the woods quite yet though. I want to see if they try and slam it down through the .001's tomorrow. If we can hold said level, we may (repeat: MAY) have a shot at breaking through .0025 to the upside by the end of the week.
Good finish today, but I will take it one day at a time.
Either way, this is getting interesting...
This last hour should yield some clues.
If we get little to no activity the rest of the way, and the PPS stays where it is, then we have an excellent chance of testing .001 tomorrow. Then we'll see if those MM's are real or fake and we can hold the .001's.
If we get hammered into the close on volume, that will not bode well for the short term prospects. My guess is that we'd slice right through those .001's to the downside tomorrow. That would most likely be it for me.
If we rally heading into the close with some volume, then it could soon get interesting to the upside.
Needless to say, IMO this is a critical point in time.
Pastors have faith - and I respect that...
But how do you KNOW that the MM "floor" is for real? I will believe it when I see big buying come in if and when we hit .001 - not before.
Until then, I'm HOPING it is real.
That's the real shame in all this...
The ask is SO thin, yet apparently nobody's out there to take advantage of it.
Bunch of MM's at .001, we'll see if they are there to buy, or just trying to act as a deterrent to give the impression they are there to buy.
We have a plastic owl at our pool to scare away other undesirable birds. At first it worked, now it seems the undesirables have figured out it's not real, and pay it no mind.
Question is are the MM's sitting at .001 plastic, or are they for real? Should get our answer shortly.
But that's the point, Phil...
Do you really think that this "anxious trader" is the only one out there?
I am pretty sure that there are other holders of a million plus shares who trade using the charts and are also getting an itchy trigger finger. I see some smoke, now we'll see if there's a fire.
I firmly believe that if support if broken, and on volume, that other anxious traders are following suit, or will shortly after support is broken, IF that were to happen.
I am willing to see how the rest of the day plays out. But I won't be giving this any more leeway.
The time to make a move is now. Let's see if anyone's out there.
This is the day I was wary of...
Volume picking up, PPS looking to break support.
Buyers are going to have to step up NOW if this is going to hold up. If they don't, IMO we're done in the short term. We'll see where we are at EOD.
I'm sure the MM's are aware of this.
Thanks bobby...
appreciate your insights on the technicals when you post the charts.
we're on the same page i think.
That's the dilemma I face, trader...
I use the charts to make my buy and sell decisions on the pennies. Period. I see news and other fundamental events as icing on the cake.
This low volume consolidation is fine for now, but it is also sucking all the momemtum out of the stock in the short term (yes, I know you've stated you're looking at the long term).
Although the charts are still holding up and at this point IMO point towards a breakOUT, I do NOT think that is a forgone conclusion. I may be in the minority, but I absolutely still see the chance of a breakDOWN as well.
While I see it as a positive that there are currently hardly any sellers here, I do what the charts signal that I should. For now, it's good, I'm in at .0009. But one big downday on big volume if the stock finishes near its day lows may change my outlook.
Until their hand is forced, the MM's still wield the ultimate power. Hoping that hand is forced soon.
I too spoke to Brad. I understand the situation now as well. But I will never again post any information regarding our conversations - there are too many weasels out there.
It's more ETMM than NITE, IMO...
I've noticed the last few days how as soon as the closing bell rings, E-turd goes from the top of the bid/ask and then disappears. Don't get me wrong, NITE is scum as well.
Looks to me like they are covering as many shares as they can. That's my take, could be wrong, we shall see.
whatever it is...
I would not be all that unhappy if NITE or ETMM got a scorching case of it.
Are you referring to me?...
If so, I was not trying to pull anything. I don't even think what I said was that big a deal. Again, if I misunderstood on the lawyer thing, my apologies.
As far as the timeframe, I stand by what I said because that's what he told me. I appreciate his candidness in telling me that.
And Cuban, I think I will be keeping my conversations private from now on. Brad seems like a good guy and I will give him that basic courtesy. My fault, I forgot what I was dealing with here on these boards.
Won't happen again.
Not my intention AT ALL...
If I misquoted, my apologies. He said something about a lawyer friend of his who was now handling the compliance issue. Gave the impression that there was someone else before him. Ask him what he meant by that.
C'mon - really?...
Nobody out there wants to try and close this green?
Here's what I got from our discussion...
First of all, I will speak in generalities because I don't want anyone to twist what I say. If you want details, you should talk with him yourself, which many of you have apparently done.
This whole pink compliance issue is not imminent. More like weeks, as opposed to "any day". Switching lawyers has something to do with it.
He also said he will be updating shareholders on some events that won't have to wait for PS compliance. He didn't say exactly what, but he did say our conversation provided him with some food for thought. Not sure what I said that prompted him to say that, but I did make some comments about MM's which he seemed to agree with. In any event, he did make it sound to me like will be getting some kind of PR(s) before compliance. That is my opinion, so we'll see.
We briefly discussed share structure, he did reiterate what has already been said. If he's on the up and up, no worries there at least in the short term.
That's basically it. There were a few details I left out intentionally because they could be viewed as subjective. He seems like a decent guy, so we'll see if he delivers.
Thanks, just spoke with him. eom.
anyone have Brad's #?...
I need to hear for myself what the holdup is. Getting ridiculous now.
i want some ASK buying. eom.
yes. let's see if it holds up...
good volume also coming in now.
Me too...
no volume, no bid build.
i am looking for a close of at least .0017 - anything less will be a disappointment.
OK Nick...
"IS" there anyone out there who will hit the ask at .0018 to close the day?
I sure h*pe so.
Hope so Jonny...
He's got so many people whipped into a frenzy over the "Pink compliance then HUGE news" combo that I'm a little cautious.
Here's to my skepticism being totally unfounded. :)
Sully...
I have no reason whatsoever to doubt Brad, especially since I've never actually spoken to him.
What I will say is that I've spoken to a number of equally enthusiastic, passionate, and impatient members of mgmt in other companies, with events imminently just around the corner. Most never happen, for many reasons, including in some cases blatant fraud.
I AM NOT IN ANY WAY SUGGESTING THAT IS WHAT IS HAPPENING HERE!!!
All I'm saying is that I'll believe it when I see it.
That being said, man oh man, this stock looks like its poised to break out right now. We'll see.
Does seem over, for today...
But I NEVER trust that these slimeball MMs will stop trying to either force it down or keep a lid on it - until the stock actually pops.
This whole PS compliance issue has dragged on WAY too long IMO. No more excuses from their end, they just need to get it done.
They have had plenty of time. Enough of the these things take time stuff.
OK, great...
We all agree that this is thin and won't take much buying pressure to get this moving.
If that is in fact the case, then why dosen't someone with some $$$ to invest also see this? This is what puzzles me.
And BTW, totally agree Sully, once we get through .0025 on some volume, this could run for a while. Take a look at the weekly, and see how we are right around both the peak of the last move and the 200 day MA. If we can consolidate and hold this level, we should be in good shape. And the MM's/short sellers may finally cave in.
Up 35% on 400K in volume???...
This could be a MM ploy to slam it down and make it look like people are selling into the pop. DOMS protecting .0012 is important, we made a higher low yesterday and need to hold it.
Until more volume comes in, I take this little pop with a HUGE grain of salt. That being said, this does appear to be razor thin. It looks like it won't take much to start testing that .0025 level and really blow this out.
Wow, look at E-TURD...
They are so far below the other MM's on the ask side it's pathetic.
But without any buy volume, they can do it all they want. Hopefully not a lot of sellers at .0013, or whatever level E-TURD decides to be on the ask.
One way or the other...
IMO this is it. Either we break out or break down this week.
OK Nick...
here's your power hour - let's see what happens.