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I am still trolling.
Kidrickmagoo....you make an excellent point.....when your profit reaches that level.....one must recommend to take the profit and not endorse the thought of "to the moon".
After all how many of us will ever get to the moon???
If you go back to Tuesday - Wednesday at look at the crowd that was on this board then too the crowd today...you betcha "many of them took the profit and ran"
I did!!!!!! Although I may not be any wiser I am happier for it.
Kels
I am hoping to catch a .0105 fill during the lunch hour.
Lines are out, lures and teasers are in the water....now I just need a strike.
Kels
Way to go Lowman!!!...got my add-on yesterday...although you got me today by an additional 5k in added shares.
Is that a raise, a call or a hold?? LOL
Kels
You know the old saying "scattered like a bunch of ........"
Kels
You got that right$$$$$$$$$$
Kels
Correct me if I am wrong but from reading this release there is more to come next week..No???
Kels
Steady as she goes is good.
Looked at it the other way, the three day weekend will give many the opportunity to read and review and see the real intrinsic value.
This is further support of the strong fundamentals that Hemi bring to the table.
Kels
and Lowman after reading today's release...next weeks info could really have some outstanding substance too it!!!!
Kels
Yes Sirrr.......
Told you to be careful...take a look @ the HMGP board and the news that was just released.
Bingo!!!
Kels
Go back and take a look @ Feb 6th & 7th daily chart for HMGP....see some resemblance to Feb 14th & 15th???
Hmmmmmm
Kels
Having experienced the recent RGNO move (so happy I was on the right side of fence).....should this develop in a more powerful move with NVMG the only thing that I will say is........girls (my daughters) your college is paid........ in advance :))
Kels
Just be careful of a classic trap at the open....yesterday was tuff on many and you have a three-day weekend coming up.
Kels
Oh will they ever learn.....lame attempt at best.
Lowman, you are so right, how can anyone ever forget the Robotrader predictions involving HMGP.....that was classical.....When ever I see a Roto-Rooter commercial I will be reminded of Robotrader's claim to fame with a Hemi
Kels
Neilhk- I would agree, will open with downward pressure. The RSI is dropping quickly, this needs to settle and at this rate >30 would be a good area. It will indicate an over sold area.
But the real question is what happens next. IMO another quick shot up will only create more bad faith, flippers and further validation that this is a "Pump & Dump" play.
If RGNO has the fundamentals behind it, then a leveling off supported by a RSI <30 followed by a basing and then a steady and stable uptrend would be best suited.
My first play with RGNO was based on a potential and typical type of pinkie run....and it happened, for me I started @ .042, sold portions on the way up until .23 when I was out completely. My next play with RGNO will only be if the above I outlined starts to develop.
Trying to predict and out smart the MM's is almost impossible, but if the action becomes more stable then the MM's tend to take care of themselves and individual stockholders like us have a better chance over time
Kels
Yup..but you identify an important point...these are emerging companies and hence the play can be difficult.
RGNO is a prime example...in the long run RGNO could play off big. The problem is that too much emotion gets involved with these emerging stocks and the result is the hude daily PPS swings. Human nature can be your it worst enemy is this senerio it often influences poor decisions in this type of PPS environment.
O&G is a good place to be and IMO will pay off in the long run. long term I go with the O&G plays supported by fundamental...my short plays are the momo stocks based on daily chart action. This is what works for me, it all a matter of tolerance.
Kels
Understand its a tuff decision...IMO do your homework, get the DD done and develop a strategy (with an exit point) and stick to it.
Opportunities will also present themselves in the future, time and time again, that you can control with a good plan but the past is over and done.
Kels
Good to see that you are considering NVMG....It's a good move if you still have some RGNO profits to play with.
Kels
After today???
Come on the numbers speak for themselves. That PR release in my sport this is know as "Bait and Switch" and IMO it worked to perfection.
Step back for a moment and look at the pricing activity over the prior 4 days and the timing of this PR....the hype...the pump...and then the dump....
Do you think that maybe those "shorts with a trigger of .14" made out ok???
Guys this is a pinkie...wake up.
Kels
But the real trick to this move was get to get out before the lynch mob... whoops..... I mean profit takers came in.....as you stated..."after a 2600% when it wa last FCNK or 1300% from the .02 alert who wasn't waiting for a healthy dip" well I hope everyone that held is in good health.
Just think what those who got in <.10 could do if they got out >.20.
Hmmm....I know ...play or flip another RGNO swing trade with house money...I am thinking about it once the chart supports it and after today that may be very soon.
Kels
hear...hear.....
Kels
yep....the pigs are getting....well you know the saying.
Awful lot of newbies over there are getting a true baptism.
Kels
Well it took awhile but my 39's are finally filled............
thanks RGNO
Kels
Good to hear from you DD...
Kels
Yup...you just knew that when the air was going to be released is was not going to be a slow leak....just like a popping balloon.
Better yet...reminds me of being offshore....the big one hits...line is tight...rod is over....reel is screaming............fish is jumping.....everyone feels great and the adrenaline is pumping.................................. and then....the line breaks and then nothing. Gotta keep a focus or in offshore fishing work the drag.
Sad part is that a number of newbies over there are pretty good to chat with...sadly they are now taking a hit.
Kels
Nope....but I know many who do....and in this type of trading environment you need fast execution.
Kels
Maybe they went out for haircuts?? LOL
Actually RGNO is starting to look tempting again...if only those brokers would allow online trades.
Kels
Yes they are...my 39's are filling 5k at time almost done :)))
Kels
Going in for the .39's with my RGNO profit.... hope it fills
Lowman as we discussed early this AM, RGNO is falling hard.
Kels
Bring them on over to the posts that we share....trust me you will learn alot...and knowledge can never hurt or cost you $$$
Kels
Believe me I am not bashing RGNO.... that is not my style.
I had a specific trade strategy for my RGNO position, stuck exactly to my plan....and guess what it work to perfection this time around................ $$$$.
Kels
Read the PM that I sent to you earlier this AM
Kels
I think theirrrr ship (RGNO) is taking on water
Hey Lowman, I couldn't resist.
Kels
LOL...or maybe me after my wife puts the anchor around my neck one of these days!!!!
Kels
Ahhh yes....good old UPDA!!!!Oh do I remember those days...Tell the investor what they want to hear and promise the investor the world...to da moon, blast off, a $10 stock in no time......hmmmm...should I go back!!!!!!!!
Nope like the Hemi alot better.
When reality sets in, IMHO, RGNO will come crashing down like a house of cards. The irony is that RGNO has truly become a day traders stock and if your into that game some big $ can made....but just as easily some big $ can quickly be lost too.
The bigger issue current is that a number of brokers have placed restriction on the stock from online trading. In many cases taking up to 1/2 hr just to place an order let alone execute an order....Just image if the bottom drops soon and one has to call and get permission from the broker to place an order....the MM's are setting up a field day over there.
Kels
Excellent info and insight from a tech stand point....in a nut shell..
We are looking good!!!
Kels
Actually the chart that you post points out two nice positives from todays action; it took out the 200MA and is getting ready to break thru a recent high/resistance set back in Oct (10/18-19/2006). After that some small clutter in the .01 area from the beginning of October. Also if I am not mistaking the 20MA is getting ready to cross the 50MA and we all know what that can lead too...the golden (50/200) cross....
It's looking very good from a chart perspective.
Kels
10..churn.
20...churn..churn...
30....churn....churn....churn
40......churn......churn.....churn....churn
I'll take this pattern anytime,
Kels