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This rise today is the result of a well established newsletter that has been very bullish on this stock for several years reaffirming a buy recommendation today.
I wouldn't be surprised if there was a retracement from here, perhaps a visit to the top of the 200ma around 5.75 as we are short-term overbought, but I think it's safe to say that the bottom is now in.
I'm inclined to agree Crusader. Nice pop. Volume preceded price.
I wish I knew. I have the strong suspicion that it has to do with a combination of MM's, funds, and shorting...be it legal, naked or some combination of the two. If there's some naked shorting going on here then MM's would have to swap shares every so often, (I think it might be every 13 days, but I'm not up to speed on the rules), so that they don't have to cover. Maybe the swaps are being used as a form of covering... I'm not sure. What I can tell you is that I wanted to put some cash into another investment today and this was the only place I could take it from, so I sold 2000 shares at 5.46, but time & sales only recorded it as a 100 share trade, and with the "Intmktswp" comment associated with it. Did they cover a short position with my sale? Why did they only show 100 share transaction? I don't know, but something "interesting" is going on and I know someone that I can ask to possibly get some answers. If I get a response that provides some clarity I'll share it here.
Nice volume today. I'd feel better about it if not for all the internal swaps, but if we go lower I'll be all over it.
There has been a lot of swapping between MM's going on here. Probably part of why we're not getting the upside momo we want. You know the funds have their ways of getting the shares they want, so we wait until they do and then we'll enjoy this ride. Until then, I'll continue buying the dips.
http://investorshub.advfn.com/uimage/uploads/2011/6/21/rdcxqsnapshot24.png
MCP is $2 over its Friday high on a Piper Jaffray overweight rating. Will probably pull all of the REE's up with it.
Tick Tock...
No worries there!
Hope not required.
Cheers!
I'll leave with a song...
I don't have any problem keeping my updated agreement. My presence on the boards doesn't have any bearing on the deal that will get done and announced very soon for both companies.
No worries there, Cheers, and Adios!
No worries there!
Tick Tock...
You too Harold.
Sorry to leave ya hangin EB. I don't know how permanent it will be but I'll stick around for a while. Depends upon what kind of company we get. You know, because we're such dishonest, slimeball pumpers/manipulators. Speaking of which, are you ready for the big MDMN/CDCH pump to go into full swing?
I would do some light buying on LYSCF here, but I'd be tentative about further declines unless it gets above 2.13 and holds. 200ma is at 1.88 along with uptrend line support.
If GWMGF doesn't get back above its 200ma soon above .63 then I see some support at .56-.53, but if it loses that it could drop to mid-lower .40's.
Another rare earth stock I intend to buy in the near future is REE.
Long CDCH. Long term hold with a .06791 basis.
Long MDMN. One position @ .069 and another account @ .131.
Building a position in QRM again. Long @ $5.38. This is a long-term investment for me that I intend to add to.
Big day today! Looks like this might be my last post here if we don't get the JV news by midnight. Oh darn! How will I go on?
Best to the longs here, worst to the shorts!
No worries there!
Cheers!
I was very greedy yesterday.
As for AAPL, just looks like a consolidation at this point. The trend is your friend until it ends, so I would expect an upside breakout until the trend is confirmed broken. If it gets another close below the 200ma with volume then I'd start to be concerned, but I wouldn't get too concerned until/unless it gets below $300.
Tick Tock... No worries here!
Cheers!
I did look at the website, but that part of it is all greek to me. I have a couple investment letters that tell me what I need to know from the fundamental side. I just handle the technical analysis end of it for myself.
Thanks. I was adding more over the past 20 minutes. Average is $5.38. There's a chance we bounce from here. We came a few ticks off from trend line support on the weekly and the 50wma is where we're at right now.
I've got 10k shares now. It does look like we've got a bear flag on the daily chart. Could still be a double bottom but I'm not going to put the rest of my powder to work here until I know for sure. I don't mind buying at higher levels from here. Would like to see us get above and hold the 200ma before I go all-in.
BOT 500 QRM Stock 5.55 09:43:09 2.50
BOT 500 QRM Stock 5.55 09:43:09 2.50
BOT 500 QRM Stock 5.55 09:43:09 2.50
BOT 500 QRM Stock 5.55 09:43:09 2.50
BOT 500 QRM Stock 5.57 09:46:45 2.50
BOT 500 QRM Stock 5.57 09:46:45 2.50
More dry powder if they want to take it lower for me.
BOT 700 QRM Stock 5.49 09:36:09 3.50
BOT 400 QRM Stock 5.49 09:36:09 2.00
BOT 400 QRM Stock 5.4899 09:36:09 2.00
BOT 500 QRM Stock 5.49 09:36:09 2.50
Tick Tock...
No worries there!
Cheers!
We're back down under the 200 and the rest of the big REE's are losing their gains. EOD is going to be interesting today.
The more the merrier my friend.
I will be buying today.
I know!!! Don'tcha just luuuuuuuuuuv seeing these DIPS? It excites me every time I see a DIP because longs always come in and make them disappear shortly after the DIP occurred. I'm kinda saddened because I don't think we're going to see too many more DIPS at these prices. I mean, haven't you noticed that there hasn't been many DIPS, especially significant DIPS, for quite some time now? They're just little, insignificant DIPS. Meaningless, really, in the big picture of things. Oh, there will always be DIPS, but not down at these price levels. Some of the DIPS will seem like the same old DIPS that we always see, while other DIPS we'll never see again. There are likely to be new DIPS at higher prices, but they will also seem irrelevant in time, as they too will be bought up and taken to higher prices.
In all my time posting on these boards, investing in and trading many stocks, there have always been DIPS. Some people see the DIPS as an unpleasant part of investing, but, because I KNOW WHAT I OWN, I see the DIPS as a wonderful buying opportunity. The DIPS actually get me very happy and make me want to buy more and more, because their presence indicates explosive upside potential!
So folks, always remember, the DIPS may make you nervous and seem like a bad thing, but they are actually a gift, a wonderful buying opportunity, and a strong indication that, when the company you've invested in has something of value, very good things are coming your way. There is often a direct correlation between the intensity of the DIPS and the explosive upside potential of the stock that the DIPS occur on. So make sure that you appreciate this wonderful contrarian indicator. Buying on the DIPS is one of my favorite investing strategies, and there's no stock that I've bought on more DIPS than this one.
Now, before I leave here to go buy more DIPS later on... I'm going to make an adjustment to my agreement with this forum, because I'm getting the feeling that I am going to have a lot more going on in my life as soon as next week... maybe sooner... and I don't want to disappoint. Initially I stated that I'll never post here or on the CDCH board here if we don't get a JV announcement by the 21st. Well, I'm a little concerned about the timing and I really, really don't want to disappoint my friends here who have always supported the DIPS when I've bought them. So I'm going to move that date from the 21st to this coming Friday the 17th. Of course, I have no idea when the announcement will come, but I just want to be sure that appreciation is shown, since I have been given so many opportunities to buy the DIPS!
No worries there!
Cheers!
For the life of me I don't know why with all this glorious technology we have that it still takes an entire day to move nothing but an electronic signal with a few numbers from one account to another. Guess I'm waiting until tomorrow to get more shares.
It's a no brainer for an investor with a long-term view, imo.
I have to see how we close, but I'm tentative to say this is the bottom yet. We've got resistance at the 200dma and the volume today is not impressive. If I were to guess I'd say we could consolidate around here for at least a few days to add to the agony of the longs who are red and waiting for a swift upward move to relieve them.
I'm looking at this from the perspective of a fund that wants to take a large position at low prices. Patience is a virtue for them and they know that investors tend to be short on it. Although the daily chart looks scary, the weekly chart looks beautiful. If I had the kind of dough some of these funds have that are shorting it and I really wanted in with no regard for anything but my own selfish desires, I'd break this down below the 1 year-old uptrend line on the weekly chart to really scare people out and then reverse it back up after I get the volume I want. That would mean a visit down below $5 into the 4.70's - 4.50.
If the "QE ending" story continues to be the threat then the markets as a whole will probably continue lower for a while longer.
MCP, REE and AVL are all showing very early signs of bottom reversals, imo, but the volume isn't there, the day isn't done, and QRM is lagging that move so far. I personally think this price range is a very good buy long-term, and I intend to do just that today if the wire transfer gets through in time, but I'm not comfortable with the idea that we have bottomed yet.
Yessir.
So far I'm kicking myself for not getting more yesterday. Volume on this move so far is lethargic. Summer is a week away, but so far it appears to have come early to the markets.
Ah...thank you! Doesn't seem to have stopped the funds though. Imagine that!