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I can't believe nobody is here for this company!
No it won't.
With all due respect, who do you think the SEC works for? You don't really think they exist to protect "little guy" shareholders, do you?
Because, they just recently made the transition from explorer to producer. Things should get progressively better from here, although there can and likely will be some bumps. I'm long from 1.935.
Earlier you stated one of the few truths of the markets... nobody really knows what will happen. Too often things that we think should, don't. Another truth is that anything can happen. I have taken hundreds of trades where I felt it appropriate to get out with a profit, only to find I left thousands of dollars on the table by doing so. After a decade or two, if you're smart, you learn to be happy with what you did make and not hang on to what could have been. I have also learned not to become emotionally bound to any company. That way you take losses sooner rather than hanging on to hope, the most dangerous mind game you can play in the markets. That is probably the #1 way people lose money, myself included.
I'll make the right decision. I've had enough past painful lessons to ensure that.
Agreed.
I believe it COULD. As a response to your earlier inquiry I laid out both the bullish and bearish possibilities as I see them. If the bullish side begins to play out, I'll be along for the ride until I see reason to get out. When I do, I'm gone. If the bearish side plays out, I'm gone, on to the next potential profitable opportunity.
Are you here to make money, or just post jibberjabber? So far from what I have seen the answer is jibberjabber.
Watch for resistance at 5.17 this week if it moves that high. 5.00 even if it takes two weeks. IMO
This one just completely a perfect measured move out of an IHS bottom. Hit MA resistance. Watching for a flag/consolidation before a move to 15.69 and possibly gap fill @ 16.45. From there possibly a move to high $17's - 18.25. IMO
Just posting the potential from my POV. If the bullish take plays out I'll be on the ride. If it doesn't I'll move on.
No idea what FOMO is.
Potential adam & eve bottom formation going on here. If so, it's likely to head higher this week. Target price = 7.44, give or take a dime. If the formation doesn't play out it's headed to 3.22 at least. IMO
IF it goes higher it's going to find resistance at 7.05 - 7.35. IF it pulls back more it will find support around 4.06. If that doesn't hold it will find support around 3.42. If it finds support around one of those price points, it will consolidate and move back up to the 7.05 - 7.35 range within approximately a two week period. From there it will launch to a price of $13 - 13.37. If it continues higher from there it will eventually reach resistance around 15.43, and if it pushes higher it will get to a price range of around 18.30 -18.76 before finding more resistance.
On the other hand, if instead the aforementioned 3.42 support fails then your last hope is 2.74. IF that doesn't hold longs are going to be an unhappy bunch. IMO
I'd go on but the future gets fuzzier the further out I look.
;)
There's MA resistance at 40.46 today and a gap fill at 41.05. Watch those areas for resistance/pullback. Support for that pullback is in the low $31's. IMO
(This is for the current crude futures contract)
I appreciate the comments. Coming from a guy with your kind of experience it means a lot.
Wasn't intending to push buttons my friend. The majority of people on these boards have little more than a clue about legitimate investing, not to mention all the manipulative games that go on. And, just because you were on the floor doesn't necessarily mean you know the games either. Perhaps you were one of the many guys that kept your nose clean and had good intentions. I certainly hope so. I've never set foot on Wall St, but I've been trading since 2000 and know a few things myself, but your dick can still be bigger than mine, it's ok. lol
Have a good one. Hope you make $$$! :)
You don't seem to have a clear understanding of the real game that goes on in the penny world. Penny stocks are companies that often need financing and more than a few financiers, while they're writing up the paperwork with the company execs in one room, walk across the hall to their broker buds and start shorting the stock of the companies they're agreeing to finance. Yes, they lose on their loans when the companies go under, but they make that and more up when the cover their short positions with the stock they were given from the company, and with the assets of the company when dumb CEO's sign agreements with milestones written in that demand certain price performances of the stock over certain periods of time. Kinda hard to reach those milestones when the guys you think are on your side and shorting your stock to keep you from being successful.
Welcome to the US markets. Happens more than most would like to believe.
Thank you. Hopefully this isn't one of those deals where the guys buying all the stock don't start shorting the shit out of the company with the intent on using their shares to cover the short position, if they don't completely put it out of business and steal all of the company assets. Let's hope management here is smart enough to avoid that kind of thing. Once upon a time I could speak more intelligently on such things, but I have forgotten the lingo I once knew when I was focused on trading penny stocks.
Post link?
On March 10 GUSH did a 1 for 40 RS, fyi...
https://screener.fidelity.com/ftgw/etf/goto/snapshot/newsStory.jhtml?symbol=GUSH&storyid=202003101650PR_NEWS_USPR_____NY46464
This article may be great for oil investors, not so much for humanity and their way of life... http://energyskeptic.com/2020/giant-oil-field-decline-rates-and-their-influence-on-world-oil-production/
This is a MUST READ for oil investors...
http://energyskeptic.com/2020/will-covid-19-delay-peak-oil/
That's pre RS. Divide by 25: 607.25/25 = 24.29
Did one already in late April 25:1
I don't know. I haven't gotten any response from my broker yet. The last time I looked at the volume for both contracts today they were about even. Still a mystery at this point.
Correction... for some reason my broker already switched me to the July contract, which itself is very odd as we're still 13 days from expiration of the June contract and normally my broker wouldn't switch me for another week. The June contract hit 26.08 overnight, which is about .20 off the Adam & eve target, but that's close enough.
I want to emphasize how odd it is for my broker to be switching me to the July contract already. Never happened this soon before.
Crude futures hits 27.98 in overnight trading. Mission accomplished, formation played out. Have fun at 10:30, I'm out...
Keep in mind crude inventory numbers are released tomorrow at 10:30 EST. Could be quite a volatile time.
If you would like another opinion...
Based upon what you have posted so far I would HIGHLY recommend you take your money out of the market until you educate yourself on trading, ETF's and charting. I'm not kidding and I'm not in any way attempting to be insulting to you. There are traders who have been in the game for decades who are losing money in this market. Anyone who is new to the markets and just starting out, if they were to ask my advice, I'd tell them to check with their broker and open a paper trading account (if available) or open one with any number of brokers and paper trade them for at least 6 months before putting a penny of their money in the markets. (And actually treat the funny money as if it were real. If you don't take it seriously you're handicapping yourself). I highly recommend bookmarking the www.stockcharts.com "chart school" section of the site and learn the basics of charting.
KriZstan, if you are as new to trading as you appear to be I can promise you, if you don't properly educate yourself on how to trade the markets there is about a 99% chance of you losing most or all of your money. I don't remember the statistics but the vast majority of traders are out of the game within a year because they don't properly educate themselves first.
I wish you the best!
I can't say I'm feeling very confident in the move right now, but they don't always go straight up. Holding up pretty well thus far with a flag forming on the 5 min chart. It's afterhours for the oil futures so harder to call. Could work for the move, could work against it.
We've got ourselves a breakout on the futures contract. All the contracts into December '21, a year and a half out, are moving pretty nicely.
Seems to be a heavy seller coming into it (oil and silver futures are two of the most manipulated commodities) so we'll see how strong the buying really is here.
Yikes! Reminds me of my younger (and dumber) days! I'll stick with the sauna and beach! lol
No beach, gators and lots of mosquito's. I don't think so.
My pleasure LD! Are you still in that GE Position? Let me know if you dump it so I can stop watching it.
It's not my style to post definitively what is going to happen to your position in SCO, but I'll tell you what I'm perceiving here... and you're probably not going to like it...
First, for SCO, watch for resistance at 55.75 - 55.85. If it moves up to that level and won't go through it and get support there, I would be concerned.
Secondly, on the oil futures chart, if you remember my past posts about an "adam & eve bottom", well, there's now a larger one and it's very pretty. If this one plays out the breakout will occur at 18.26 and has a measured move target of... gulp... $26.30. It will likely hit some resistance at around 21.40, but honestly, as a guy who traded oil futures for a decade, I'm drooling over this formation and how good it looks so my bias is without question long oil right now. What would change that bias is if the crude futures price fell to $15 and couldn't get back above that price and find support. Otherwise my friend, I'm sorry for your sake I'm definitely looking to be long oil at this moment.
The chart shows the adam & eve formation with the breakout line at 18.26.
Sounds like a plan!
Nah, that can't be him. He wouldn't waste his time on a beach away from his computer searching for companies doing RS's.
Ironically, based on evidence that was known pretty early on, along with additional mounting evidence as more is learned about the virus, the beach is exactly where people should be going to be safe from the balonavirus. The virus is weakened by natural light, heat and humidity. If anything, that grimreaper asshole is preserving the virus if it's in him by covering up and "protecting" himself from the light and heat of the sun.
Too many idiots in the world...