looooooong gone !!!!!!!!
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Re chart:
Sorry, I was in a bit of a rush when I posted that.
Well, Mugs seems to have a handle on the chart reading --
"If you look at the IMGG chart real close, it is telling investors to not buy the stock because the CEO by the name of Dean Janes AKA: Lowest common denominator, is just running a scam and buying or trading this stock is just a waste of time and money!!"
So, what more do you need to know?
Oh, some OBJECTIVE technical analysis?
Ok for that.
Some of the momentum indicators are trying to get into positive territory ( the bottom three graphs)
The shot at .10 today failed with more volume than usual.....
not a good sign.
However the 100 dma ( red dots) held support - a good thing
I wish I could give you a "prediction" re where we go from here, but it is a crap shoot as far as I can tell.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p68307571212&a=228499894
Con man and recent news aside
The charts still say " caution"
Notice how after the quick surge to .10, the pps headed right
back to .087 - the resistance turned support.
Things are looking better technically, but caution is still the
prudent thing. JMO, of course.
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p26550108306&a=228499894
Chart-some positive things to watch for
The moving averages are "rearranging" in a positive fashion.
Friday's close was above the 50 dma, the 20 dma and right at the 10 dma.
We want to see a CLOSE above the 100 dma at .087 and then we want to see the upper BB ( orange line) turn up and then the pps to follow it upwards - that would be a good indication of a trend reversal.
Meanwhile, .078 is still our critical support.
It is imperative that if a reversal of trend takes place, that the volume increases to support that, otherwise, it is probably doomed to fall off again.
Some good news about now sure would help !!
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p51247880454&a=228499894
The machine is capable of several functions. Each function requires a different "set up"
For the open house, the function chosen was what most wanted to see -- a 3D , near real
time picture.
So fly through was not shown as it probably ( I am guessing here) would require some
time to set up for that.
ANY shareholder can sell his/her shares ANYTIME.
If dilution and a reverse split are in the cards, then selling shares would make sense.
NOBODY is being forced to hold on to their shares.
The market will determine what IMGG is worth -- right now, .08 is failing to hold support.
If it goes to .03 or less, then the market has spoken.
What anyone posts here will not matter to the PPS of IMGG.
Excellent article -- and it proves my point - at 12 feet, essentially no radiation exposure.
Thanks for posting this.
What you don't know is that Dean had lead lined underwear on.
And as long as all the observers were 12 feet or more from the demo, there was no danger
of radiation contamination.
As you stated, this lawsuit will drag on for probably years.
And how does a lawsuit that won't come to trial for years ( if it ever does) affect how to
trade the stock today ?
Answer: It doesn't
The SEC is hot on Dean's trail too.
After being alerted by mugs, they have pulled out all the stops and are investigating the
inside trading related to the private showing of the machine that doesn't work.
Thank goodness that mugs is on the ball and keeping IMGG under the watchful eye of all
the agencies -- SEC, FBI, FDA
.08 support has been challenged 4 times today
We are back to the low volume that has been the recent story -- except for Monday.
I hope some of you did some trading on Monday, as I think we are in for another "dead
zone" for a while.
Again - WATCH FOR .07 TO HOLD OR BREAK. If it breaks, .03 is next in the sights.
Long term chart-weekly
The black line is the downtrend line
With the strong day Monday, it was broken temporarily, but failed to
close above it so far this week.
http://stockcharts.com/h-sc/ui?s=IMGG&p=W&yr=2&mn=3&dy=0&id=p61127601079&a=228108388
If we look at the daily chart, that is a big, bad, bearish engulfing candle
Support is holding at the .08 level again, but I am afraid that the time factor
to submission will again erode the PPS.
If .07 is broken to the downside, then we could see .03 again, so keep a close eye on .07
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p79253060795&a=228499894
I already have a committed plan to have a GIGANTIC Margarita with with Mike Nessen
when this whole shebang comes to conclusion.
I am hereby inviting you to the celebration.
You are one of the "Faithful"
So, since I need to say something about IMGG - watch carefully for a trend reversal from
.08.
It could be temporary related to "good news" ( whether you believe good news or not) but
I do think the .078 - .08 support will hold -- FWIW
Yes, I get all that. And what does that have to do with a trading strategy for the stock?
In other words, who gives a rat's behind what the CEO does with his stock or his money?
The salient question is : What is the stock price doing?
So, again I ask-how does his personal life affect how you trade the stock?
Jeez, if we knew as much about all the CEOs of any stock we owned as we are
PURPORTEDLY to know about DJ, we probably wouldn't be in the markets at all .
SO FAR, it's only proof that .08 is support and holding.
I will admit, this can change -- but until it does , it doesn't
Hopefully, posters can understand what I am saying.
IT IS WHAT IT IS UNTIL IT ISN'T
I fail to see what Dean Janes's life style has anything to do with trading this stock ( as in
making or losing $$$$$)
Can one of the posters who are constantly making reference to DJ personal life explain
to me how this guides them in making decisions re the stock and how it trades ?
No, I didn't think so
I am not a radiologist technician, but it seems that there would be necessary changes to the
parameters for the different functions that the DVIS is capable of.
Since the public demo was to show that the machine could deliver 3D, near real time
images, it makes sense to me that they set up the machine to do that.
To set up for different parameters ( fly through) probably takes some time which was not
appropriate for the open house demo.
Yes, I bought and sold ( day traded) IMGG yesterday.
That has nothing to do with what I think the long term potential is if the DVIS gets FDA
approval.
I will go long and hold when it is apparent that FDA approval is probable.
Yesterday was about making a profit on market moves.
I know how to game the gamers ( most of the time) and I couldn't care less about what
kind of a person Dean Janes is. Who am I to judge another human being?
And what does that have to do with trading the stock?
I don't understand your post.
What are you saying re " Thanks Mike"
Looks like the honeymoon is over.
The lack of volume today is quite obvious. If you didn't make a few bucks yesterday, you
are probably on "hold" for a while.
This is what I expected.
Now we go into a period of waiting for good news re the FDA and
final approval -- same as it ever was ( great song, IMO)
I expect the PPS to suffer the same atrophy of time as before.
We should be familiar with this.
I am convinced ( rightly or wrongly) that there will come a time to go long and reap the
benefits of a machine that will shift forever the way medical science is conducted.
Does the DVIS really work?
Let's put the "evidence" together.
We have at least 60 people who saw it work with their own eyes.
Their collective conclusion was " Yes, it works just the way it is supposed to"
Then we have a certain faction, who DID NOT go to the open house, who claim it DOES
NOT work as advertised.
Now, the second group is very present on this board, posting post after post that it is all
a scam etc, while not posting any evidence to that effect.
Now , I ask any thinking individual " Who do you believe?"
UP 31% on 2.3 mill shares.
What do you require from a stock to classify as a "bump" ?
Also, your ass umption that "the only people buying are the poor souls who witnessed the
charade in person " is incorrect. I bought and sold many shares yesterday, and I was not at
the open house.
I guess you missed my note to use the heavy sarcasm font.
Seriously, call me naive , but I think the machine works as advertised .
And I made some very nice profits today on four round trips , day trading.
My last sale was at. .099 at the end of the day .
You just have to know hoe to play the game.
Must be a planned conspiracy - you all know what a devious low life Dean Janes is, right ?
So I'm sure he planned and plotted the restriction period to coincide with the RSNA. That low life snake in the grass knows all the tricks to mess around with us investors. You know, investors in a product that OBVIOUSLY DOESN'T WORK.
Just ask anybody who was at the open house - or better yet, ask those who WEREN'T at the open house - the machine just doesn't work ...... never has, never will.
We have all been hoodwinked by the carnival barker, stealer of Girl Scout cookies, bottom feeder , rascal ...... that pig of a CEO Jane Deans ...... or is that James Dean...... Oh, what is his name anyway?
Let's just call him "The Carny Barker"
Won't matter when he is behind bars ...... we can just call him Federal Prisoner # 8445739
It will feel so good when we all "get even" , won't it ?
I know my life will be so much better when The Carney Barker is in the Hooskow !!!
FOR ONCE, I agree with you (partially)
It IS overbought at .10
It will pull back
I think support at .08 will hold
"Not worth trading for a few pennies "- well not if you own 1000 shares but if you want to trade penny stocks, you better be able to buy more than a few thousand shares !!!
Yes, I had about 700,000 - 800,000 at one time - a long time ago it seems.
I sold all of those and only just got skin back in the game last week - anticipating a good result for the "showing".
As I said, I don't think this is a buy and hold ( at least for me) yet.
That's why I am not loading up at this point. For instance, I have been offfered the .05 pp
Due to restrictions on selling and other "unknowns", I am not ready to commit a significant amount of $$$ at this point in time.
I can always buy at the market when I feel more comfortable with FDA approval
We need to be much closer to a FDA OK for me to go long.
So I'm now just trading the short term cycles purely on a technical basis.
.098 here-do I hear .1055?
Any active bidders out there?
Lamb - yea, this is almost as much fun as catching one of those big fish!!!
The increase in volume is an important aspect of judging chart activity. So, although not a lot of volume for most stocks, for IMGG it is a significant increase and the price action is just what I like for day / short term trading this puppy.
There will hopefully come a time when this will become a buy and hold for me ( and by extension, for all the longs here), but right now I'm just having a blast with it.
I would be very careful relying on bar charts site.
I have found their analysis lacking and not too accurate for the most part, but that is JMO.
And what do I know about reading charts ---:o))
Chart update
The PPS is too far outside the 20 bollinger band .
Notice what happened the last times that occured ( around May 12th and June 20th))
I'm looking for a pullback to "normalize" that condition.
Then maybe some consolidation before another move up ( this is an educated guess)
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p23036969079&a=228499894
I TRADE the technicals but , obviously, I pay attention to the fundamentals. To be successful, IMO, you need both.
And I am basing my recent trading ( which will remain confidential) on the news from the Friday open house, and from what has been posted here by, IMO, reputable posters, and by the PPS action on the charts.
I will divulge I have made 3 trades today - you will have to guess if buy or sell or both
---:o))
I will give you my EXACT prediction at 4:01 PM on Friday !!!
.1055 resist stalled upward movement for now
Watch that .1055 level and be cautious - getting a bit overbought at this point
Ain't this fun ?
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p21076163064&a=228499894
400,000 shares from MMs.
And, yes I am sure images were 3D, near real time and of diagnostic quality.
How do I know that? - as another poster here is fond of saying -"LOGIC" and research
408 K shares traded already +12.6%
So you were there and didn't see what so many others saw?
How come?
Who is wrong here , the 60 or so who were there or the few posting here who WEREN'T
there, or WERE there and saw that the machine DIDN'T work?
Just a touch of reality for everybody to ponder.
Well, 60 IS a larger audience than zero.
Zero being the number of people reported right here, on this very board, to be the number
of people who have seen the machine in operation, before Friday.
You do agree that 60 is larger than 0 ...... yes?
And if 60 people each bought 100,000 shares ( only $8000 worth at .08 ),
do you think the pps would remain static ?
I, for one, will be buying on Monday if I see what I expect to see. Just remember, .14 -
.15 is MAJOR resistance.
However, anything up to that area is open game.
Some here are going to be left standing on the platform when the train pulls out.
The major numbers to watch for are .078, .08, .1055
Be patient - may take a few days to a week or more, but be ready, AND WATCH THE VOLUME !!!
If stall occurs, it will probably be around those numbers posted above.
Chart:
http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=0&id=p35858925923&a=228499894