I'm gonna ask you the same thing, how do you find these life changers?

I've made an avg of 329% with 3 reverse merger plays THIS year

Man, that's great work. How do you find them?

Its great that we are on the move but predicting what a stock will do is as accurate as a weather mans report.

I hear what you are saying Tex. On the flip side, I have been doing this a long time successfully now and the chart and Fibs whisper to me. Look at the volume today. Do you honestly think today's move was supported? Look at the chart I posted. Look at Apr 7th. and the volume. Much higher than today, right? Look what it did after that.

I'll really be surprised if this move continues without much more volume. I didn't wanna spoil the party today so I didn't post. I still think it consolidates here for a while probably retracing today's move if volume stay's low. Look at today's candle, look how it gave so much back. Not a good sign when you have a long upper wick as long or longer than the main body. I hope it trends up, BUT..............

Thanks much.

Does anyone know if there is an iHub board dedicated to looking for shell acquisitions and reverse mergers like we have in MONA? If not, there should be.

Man, that .004/.0042 is a tough one! Like I said in an earlier post, this will break resistance at least by Friday.

M&M ETRF is a complete pain in the AZZ!

Couldn't agree more. Thanks for the great posts Mr. King.

KingBudda, you are the king. Great post. These stupid people hitting the bid will be sorry. I just don't get how they don't seem to get it?

4-5 million shares will probably push this right through resistance and onward to .005. Lets go volume! Now's the time guys. If your on the fence, better buy now or chase higher.

You guys that are selling into the bid will be sorry real soon here. This stock looks like it will break resistance at least by Friday or sooner, maybe even today. There is a rule (unknown to many) that if they can't get a stock down, they will push it up. Hang on, it's coming!

Thanks, had to look up Homing Pigeon candle, learn something new every day

You are welcome. This is for the rest of you.

Bullish Homing Pigeon
A A A
Filed Under: Chart Types, Technical Analysis, Technical Indicators
Dictionary Says
Definition of 'Bullish Homing Pigeon'

A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. In both candlesticks, the stock price has to have closed down from the opening price. This pattern may indicate that there is a weakening of the current downward trend.


Bullish Homing Pigeon
Investopedia Says
Investopedia explains 'Bullish Homing Pigeon'

If a bullish homing pigeon trend is seen in a chart it may be a good for traders to exit short positions and begin to enter into long positions. The worse the downward movement in the stock, the more likely a closing of a short position should be taken by a trader.

Five Chart Patterns you need to know…

http://www.investopedia.com/terms/b/bullishhomingpigeon.asp

Just for fun. Technicals on MONA..

http://www.stockta.com/cgi-bin/analysis.pl?symb=MONA&cobrand=&mode=stock

Just got back, when I left TEMN was sitting at .0048. What a nice surprise. We need more volume though to keep pushing it up.

To all you guys that said bounce up, you were right and my guess was wrong. Congrats, I'm glad I was wrong.

I'd use the .002 because of the high volume day. But, this very well could consolidate here and start moving up again. Who's to know? Fibs say different, but they are not 100% correct. They are really accurate overall though. Also, like other posters say, news trumps all. I hope it doesn't crash but if we don't get some volume it probably will. Please check out TFNN.COM Tom is the best. I'm still learning his ways. The more I listen, the more I learn.

I respect your opinion. I am some what guessing here. But since you brought up the Fibs, when a stock closes below .618 retracement, the stock typically does a 100 % retracement of the up move. I have Tom Obrien's book open in front of me. He is one of the best traders on earth. He can be found on TFNN.com.

This is his exact quote on page 65 of his latest book The art of timing the trade. Quote: "If a .618 Fib level is substantially broken on a retracement, the stock will have a tendencyto retrace 100% of the last move. A stock that retraces 100% and reverses will not breach the top of the last move up in the short-term or price move that immediately.

Another words, if it does a 100% retracement, it will positively bounce, but will not break old high in the near-term. Anyone with this book can confirm on page 65.

The following is my opinion only. That opinion is based on past experience. Please remember I am long here.

I do think this is due for a bounce based on this drop only. That said, due to the steep drop (see chart) without news I feel it will want to consolidate right where it is until news hits. Why, because that's what stocks like to do after big moves either up or down. If you look at the chart below you can see the start of that consolidation already. Now picture another candle closing about here for today and you will see it even more. There's no volume to move it up.

It could consolidate more and then break downward to .003 next weak support. Why? Because stocks like to keep moving in the same direction they are already heading. I have 10K waiting to buy at .003 if it gets there. If it does get there, it could see .002 which is a 100% retracement of the move which happens often in this type of stock.

Again, this is my opinion only based on trading experience and I am probably full-of-it.

Yes, you are absolutely correct, 100% at least. Your last post about this being due for a bounce is also the correct way to express it since forward reading of time in a chart does not exist. Forward looking time in a chart is only a guess at best.

How do you find them so early?

Rookies are bailing and will lose their future 100% gain. Stocks can scare you if you don't do proper DD. MY DD and technicals say this will break a penny easily down the road, probably after some juicy news hits.

You guys may be tired of the following link but I will post it anyway. It is my Fib numbers from the recent move. Right now we are retesting a .618 Fib retracement which is .0051. As long as we close above that number we are still quite bullish. Below is the link. Sorry if I'm boring you guys.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100730343

Personally, I think my Fast Sto chart was on the money.........as the Sun. Chart showed this "should" be the tail end of the current consolidation period and the next uptrend should be starting soon

Predicting movements in a stock with any chart indicator is always hit and miss. Even though fast Sto is about the most leading indicator there is, it still lags to a small degree. It follows the chart, not the stock. When you broaden the time horizon by saying this consolidation period should be over with in a few days or weeks, then you can pretty much rely on that statement.

I have been reading and learning still to date charts for over 15 years. They do trip me up occasionally, not really the chart, but the stock itself. I have found that time is not really predictable in chart form. Some times you can get lucky though.

Above said, you could be 100% correct. Let me assure you, I hope you are!!

Money talks and BS walks, I hear ya. That said, I know you can short any penny stock or sub penny through Interactive Brokers. I was told it costs the price of the trade plus $2.50 per share security deposit until covered. I was just trying to confirm that. Do get back to me if you find any more out.

TIA

So if someone shorted 8m shares at 004 for 32k would need an additional 80k in acct as leverage
Not happening here

I've been trying to tell people that for years. Maybe you can clear something up. Is it an additional $2.5 per "share" shorted or an actual dollar value as you suggested in your post.

TIA

$TEMN...waiting on that ticker change...TIC TOC folks...it's coming soon.

You are so right. Not just ticker change, but announced resolution on court hearings which seems almost 100% likely TEMN has already won the case or at least dismissed. We need a PR on this entire legal matter.

Getting rid of the DTC chill will bring volume, I've seen it before. New product announcements or unexpected business announcements (which I think is on the horizon) will skyrocket this stock.

The chart and Fibs agree that we have seen a bottom at .0044 and up is about 80/20 over down from here over next couple weeks.

The light volume is boring and allows what sellers there are to smack the bid and lower the price like that 155,000 pushed us to .005. The way I look at it, that 155,000 is now in stronger hands.

Consolidation is about just what is happening right now with this stock. It is about weak hands giving up their shares to strong hands, for the most part anyway. The stock is actually building strength for a move higher. I know you have all heard it before, but patience is a virtue and is almost always rewarded when proper DD has been applied.

Sticking my neck out here, but I see a green close again today. Have a great day everyone!!

It hasn't been that long. It takes time to update a site like that. Nothing really to worry about.

I appreciate your posts, thanks for all your contributing. IMO, this stock will be a huge hit, eventually I think this hits a dime or more. Using the Fibs. A to B = C to D (using the last pullback) this should break .0133 on this next run. That number could be stymied some what due to the fact this pulled back more than 50% which some times reduces the C to D move, but not always.

Have a good evening..

Low volume but I'll take 10% any day. TEMN!

I hear ya with the 10% day. That said, I like seeing high volume up days also. But, not necessarily today. Many times I've seen action just like today where it gains on lighter volume after an extended drop like we've had. That tells me most of the selling has about dried up. The Fibs. are telling me a bottom should be in. From here I see a slow but steady pick up in price and volume.

Some one posted earlier to watch for the MACD to bottom before buying. I completely disagree with that statement. The MACD is useless for short-term trading, pay no attention to that lagging indicator in this case. Look more at Stochastics and RSI. Fast Sto has turned up and full Sto soon will follow, they are leading indicators. Look at the RSI. Right now that leading indicator bounced off the 50% line and has turned up. Last time it did that this stock made its monster move from under .002 to .0099. Don't get me wrong, I'm not predicting that again, just pointing out past but recent history.

Accumulation/dist is very good and strong, see line on posted chart. Chaikin money flow held up nicely. When this happens on a stock with such a painful pullback, I have noticed it was on stocks which made monster moves and I think those stocks were naked shorted to cover demand on big volume days.

The chart and the Fibs are telling me we are now bullish. How bullish is yet to be seen. But, I am looking for a green Monday too.

Have a great day off tomorrow guys.

I think this is worth repeating from my post earlier this AM. This just shows how powerful the Fibs. really are.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100730343

The decline on such light volume indicates a normal but painful decent. The chart is still bullish even though the stock seems not so much. To me, using Fibs also, we could and should see a green day today. Today I will talk about some Fib. numbers on this stock.

Doing some Fibs., when this ran from about .0018 to about .0038 (around mid march) it did a Fib. .382 retracement back to .003. From there, next day it ran to about .0092 which was a huge move on over 500 million shares. This up day with that volume was what confirmed the new uptrend in this stock. The stock then pulled back to about .0053. A .382 Fib retracement of that move would have brought the stock to .0066. A 50% retracement would have been .0061. As it is, the stock did a .628 retracement back to .0053. The actual Fib. number was .0053684. So, it was pretty close to an exact .618 retracement. of the previous day's high volume run. I think that high volume run day is where the M&M's had to naked short to supply the huge demand due to lack of sellers that day. That deal (naked short covering by the M&M's) could be close to being done.

Now, lets look at the entire run starting where higher volume first started coming into play. I am using a starting point of .0017 and an ending point of .0099. That is a total run of .0082. Using that number times a .618 Fib retracement lands it at .0051. So, which is often the case, it over-shot (yesterday) but closed above the .618 which is what I look for. In other words, the Fib. .618 number has confirmed a bottom on each pullback so far in this stock. No one can predict for sure where this is going, but let me assure you guys I have seen the Fibs. be so accurate it scary some times. Hopefully we turn up from here. I'm looking for green today.

You're not alone my friend. We longs are all in the same boat. But, the boat is about to float.

LOL, okay thanks.

Thanks for that info. It looks legit this time. Last time it was a scam run by a company iHub will not even let you post their name.

Anyway, what about that high share count? I know it's going up like mad, but how long can that last? I'm buying in tomorrow, it'll be just my luck to buy at a near-term top. We'll see.

Anyone else that can add info here would much appreciated, technically or reverse merger wise. What will that kind of news do to MONA price wise. I have little experience with RM's.

Thanks for all input.

Has anyone actually heard or really know what's really going on here? Please if anyone does. This stock bilked me out of about 18 grand a few years ago. I just noticed it was taking off. I'd consider buying a few million shares to try and recoup some old losses if I could figure out what's really going on and how much risk could be involved. I'd hate to get bit by the same snake twice.

Thanks if anyone can share some info.

:o)

I don't have time to post all the math, but a 50% Fib retracement from the run of .001 to .0099 will take this to .00545. A .618 will take it back to .0044. We'll see where she lands.

It does raise questions. My inquisitiveness lies around the fact that if it was true book debt, how could the exact same amount not have either gone up with added interest, or gone down with some type of payment, either forced or willing. It's like a dead number some one forgot to erase. I'd say it is ignorable until proven real. To sit there untouched for so long would suggest in is no longer viable.

Still the same amount of shares, I love it. That means absolutely no dilution is going on with this stock. It's coiling like rattler!

If you look at the chart, you'll see that TEMN is putting in a period of consolidation.

Your post is spot-on. I am a chart guy and it makes me money. You can't win them all, but the longer I trade the better I get at reading patterns.

This chart is a screaming buy. Not even going into the candles and the indicators, (I posted a chart yesterday and talked about that) price and volume on this stock is great. When the stock broke above .002, it did so on much higher volume than normal. Since then and during this consolidation, the stock has pulled back from its .0099 high on much lighter volume on all the down days. That's what stocks do when they reverse from flat lining or from a down trend. The longer this bases the harder and higher it will run.

High .006's seems to be support and you can draw a nice lower trend line under this consolidation period with about 4 touches. This pattern has a 90% chance to break upward. I'll take those odds. Also, the 50 and 200 day moving averages are pointing up about 45 degrees.

Should this break under support on some low volume day, I'm not worried. It will slowly come back and trade in its channel until ready to run.

Look at the chart below. Look at how it consolidated almost a month (just like now) after it doubled from .001 to .002. If that isn't conformation of what's ahead, I'll be shocked.

The push over a penny will probably have a couple failures yet, but that guess only comes from past similar experiences. I could be dead wrong. You never know when a stock will move out of consolidation. Yesterday's PHOT halt will probably hurt many OTC's and pinks. But, when this does break and close above resistance, it should make a steady run higher. Patience is always a strength and virtu playing the market.

With this stock, and others, one must know what he owns. That will take the fear out of bad days and save you money on bad fear induced trades.

Looking at your chart, the upper B. band is our upper resistance. The stock has tested the upper band four of the last seven trading days and failed each time. That is not a bad thing since the band is moving up. The stock needed some time to consolidate. Right now it is in a flat trading channel from about .007 to .009. The longer it trades in this channel the better or harder the move out of the channel will be. I have seen this pattern a hundred times and it is a great pattern for a hard move up. Because of the fact it moved out of its .002 base on high volume starting early march, the odds of breaking upward and not downward out of the consolidation pattern are about 90% IMO.

Most stocks in a pattern like this like to use the middle or center B. Band for support. This stock is so strong it hasn't needed to test that band yet. The center B Band is always the 20 day moving average which I installed. You can see it over-rode the center (green) B. Band just for illustration.

Look at stochastics. I installed fast sto to show how they continue to ride the 80% line. The slow sto. does the same. That said, the black line has turned back up which could mean another test of the upper band could happen in the next day or two. The last time it crossed above, was three trading days ago with the nice white candle.

I like watching the 3 and 9 day moving averages. When the 3 day breaks above the 9 day a stock is a buy in my opinion. I did not install them here to keep down the clutter. Right now the 3 day is .007 and the 9 day is .008.

Bottom line, this is a great chart. Those that are complaining about the trading of this stock need to study charts and learn how the market generally works.

FOR THE NEWER SHARE HOLDERS

Who is this company?

http://www.drinktopshelf.com/who-we-are.php

Our initial products:

http://www.drinktopshelf.com/index.php

Company mission:

http://www.drinktopshelf.com/investors.php

http://www.tequiladistinguido.com/engpage/events/events.htm