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Methink the next three trading days will tell the real short term story and if what you outlined now starts or if the chart shows the prior trend remains...I do hope that you are right...another Hemi (HMGP) would be great.
Kels
I guess time will tell but I feel good regarding the DD...but this is pinkie land...just like the $10 stock you mentioned.................................time will tell
Kels
yup..in time they will....but the NVMG story that is starting to evolve is just to good to not have some skin in the game...I mean come on..Indian tribal land..man that is virgin territory...and if the business plan is right and accepted....look out
Kels
Whatever this (Htwo) is... you know the saying............
If it looks like a sad..sick...SOB and sounds like a sad..sick....SOB...............................
It is a POS
Kels
LDC...not here to bash RGNO either...if I was... I would not have a current position.
However, IMO RGNO is currently where HMGP was about year ago. RGNO still has alot to reveal, prove and validate its potential to built up the dedicated long term holders that are needed to start a steady PPS uptrend. The same thing happen to HMGP between Mar 06 -Dec06. IMO, often the beginning stages are big daily moves followed by a retreat as has been exhibit recently in RGHO trading pattern...and this is a good development.
So again IMO, I stress a strategy approach that fits your style and stick to your trading plan. And I include RGNO in that as well. It has worked for me with HMGP, recently with NVMG, and although I will admit that I am playing RGNO currently on the short-term side of the trade...is has paid benifits with RGNO too.
OH...... and by the way...... keep Lowman on your good side, he is loaded with excellent DD info.
Kels
Hey...bottom line is that we are all just trying to make a $. Short-term, long-term, flipper, swing trade...whatever...
Strategies only work if one sticks with ones plan....
Just remember at the end of the day these are still considered pinkies.
Kels
Seems we have five camps developing this weekend in the O/G play yard.......
1. The NVMG camp
2. The HMGP camp
3. The NVMG/HMGP camp
4. The RGNO camp
5. Play with them all camp
Me I'm in #3, the NVMG/HMGP with a little short swinging RGNO trading spice to perk up my trading day.
Kels
OT check out message #4459 on HMGP for a good answer.
Kels
I love cruising the boards every once and while....I think someone here on the Hemi board got under the skin of a RNGO holder....hell it might of been me!!!!....since I did mention RNGO on this board as a good trading stock strategy....Check out on RNGO message # 5310...my remark
"And you Sir....(RGNO) are no Hemi!!!
Kels
I think we be ok tomorrow , safe bet steady from Friday.......Monday could be a different story...but I still think RGNO will move up strongly on Monday.
Kels
How about some HMGP chart talk and observations
Some interesting comparisons to HMGP when one compares the chart action Mar 06 - Jun/July 06 and July 06 to Feb 07 (current). Note a similar although smaller time frame cup formation from Mar 06 - June 06. March peaked ~.20 then re-hit .20 in June 06 but then quickly head to ~.40 July 06 before a pull back. And this was at time when Hemi holders knew less than we know today and what we will soon be finding out in the near future.
Now here we are back to the old highs of July 06 @ .37, and the same questions are being asked; is this a cup and handle or continuation of an up stepping trend?
If lightning strikes twice then just as HMGP went from .20 to .40 quickly back in June/July 06, maybe we are in for a non pull back move to ~.80.........just talking from a chart perspective.
And yes I am listen to Zepplin's "Stair Way to Heaven" again.
Kels
Oilslick....to me this is a great way to get thru the winter...just imagine if the Hemi ride goes accordingly...what the spring will bring.
Kels
PinkElephant to some extent I share your style as well, but use a different approach. I separate the "long-termers" vs the "short-termers or the flippers" when trading the pinks. Only using a small % of $ for flipping moves.
HMGP is clearly a long termer, although I did trade HMGP recently and was able to get back some seed money and increase my over all amount of shares slightly, HMGP remains a long term hold. I will not play or flip HMGP rather I'll set long term PPS targets.
Now RGNO...that is another story and after yesterday..I understand why I will flip a certain type of stock when the trading environment is right. But is a very small portion of my overall approach....if successful it provides me more gun powder for next day.
Kels
And believe it or not American Bulls posted a sell for HMGP after Wed. close.
Hope to many didn't listen to that advise!!!
Kels
Man after this day I need the weekend to enjoy and recover. Next week should be quite a week for RGNo....but also throw NVMG and HMGP it the fold as well....upcoming week also has potential updates/PR for these two.
Not to many days that I can say 2x on my $ in day!!! And I am sure that there are those RGNO'ers on this board that did even better 3x maybe.... 4x today!!!
Kels
Lowman...but a very good week for NVMG....honestly I thought that the last 30 mins would have been more volitile given the events that occurred this week for NVMG.
Next week will be interesting to say the least. Never thought that I would say...whooooo glad the weekend is here. Time to head over the see how the hemi made today....
I'm still running on RGNO adrenalin.
Kels
Lowman...had a feeling that some flippers would be around NVMG today......Man I've been doing my day thing over on the RGNO board.... sometimes I need this type of excitement when I'm home for the day!!!! What a day so far......what a ride and there is still ~2 hrs left.....bumped my .031 to .042 as a day hunch....and I got it.....next... how to play out this day.
I haven't even ventured to the Hemi board yet.....but I am sure Hemi is steadily motoring along in that ~.35-.37 area today.
IMO next week will be NVMG's week.
Kels
Looks like NITE is pulling all stops to slow down the train
Kels
Thanks to whoever dropped the asked to .042, I had been chasing this all morning starting at .0.25/.028 after watching all day yesterday.....was on the NVMG board and suddenly (alert) my buy went thru @.042 after raising it from .031 and now .05/.06
Kels
Mariner*.........your a good person.......looks like I better sign-up to allow PM.
Kels
You know the old saying "Penny wise and Pound Foolish"
Here is my recent experience today. I tried to get into RGNO @ .028 on a .025/.028 I was not successful chased it to .031 this AM and still not successful, now RGNO is .04/.044. My lesson, I was willing to go to .031 and I should have put a limit right at the start today at that level.
The moral of the experience, NVMG could easily do the same any day....if you are sitting on the sidelines waiting for that right moment, don't do what I did with RGNO....I watched RGNO all day yesterday..hell I could have easily open yesterday a position <.025
Oh the lessons we contiue to learn.
Kels
Yup...lets set the Hemi table for dinner...get the invites out for a formal sitdown next week.....more updates to come next week...gotta give the HMGP management team a thumbs-up on the continued excellent information process regarding the updating of its progress.
Kels
in laymens terms....3.......2.........1.......liftoff
Thanks DD, hopefully Hemi continues to respond to a typical cup and handle breakout. So far the formation of this cup and handle has been very close to textbook definition, I really like the rounding of the bottom and the right side of the cup... very nice: its tight and consistent. Although should a breakout occur now, I will admit this wil be the shortest handle that I have been involved with where I have had a position...but then again this is the first Hemi that I have owned.
Kels
Although it is still early this Friday, Big Mur, you might be right on.....Oil has poked its head >$60 this AM and NG is knocking on $8"s door.
Throw an update by HMGP into the equation and well.......
Kels
Yup but as the chart posted clearly indicates, since Dec when HMGP hits the 5-day moving average or slightly below....the hemi then moves back to the upper Boll band....this has been the trend....and we all know ...................
"The Trend is Your Friend"
Kels
and my NVMG position would probably be 50% less than what it is now.
Maybe today we get >.008 (would welcome a test of .01) although should we be up early it would not surprise me if we see an end of the day drop...after all it is Friday and I am sure some remaining flippers will want to close out after this week.
Assuming no more Monday curve balls....next week should be a good one.
Kels
I am sure he did.......and probably floating around in here under a new alias.
Driving home from work today the song "Money" was my sat radio (SIRI)......guess who???.... Pink Floyd.....well it reflected me back to Monday and seeing where NVMG is today......yes Monday's Floyd "bomb" is today's "Money" if you held or added to your position on Monday.
Although I do not endorse the post or agree with the motives behind the post that Pink Floyd provided on Monday....my current position is all green today....so in a sick way thanks........... Pink Floyd
This is a lesson, pure and simple, of a pinkie stock and type of day to day influence, pumping and dumping, hype and mis-timing of questionable info; such a Floyd move can produce. It is nerve racking and at times sickening but if you stick to your fundamental reason as to why you have purchased a stock and done your homework then hopefully the outcome is a higher PPS than your beginning PPS.
Kels
hmmmmmm...production??
Whatever comes out it will be good and accurate. This has been part of the strong validation that HMGP management brings to the Hemi table...no BS..to the point....consistent and accurate information.
Kels
Here comes Hemi into the close....asked bump up to .33
Kels
Careful Lowman...Hemi is still currently surprising many (present) and will continue to surprise many (future).....Hemi is not a stock of the past yet....at least not until a big fish gobbles it down.....LOL
OT- Lowman I couldn't resist but this POS we refer too early today has proven its self-worthy again today.....News before the open...opens@ .111 now as I write .102.
The dark side of me keeps saying play the swing...play the swing.........the bright/right side of me says.....stay away......stay away.
Kind of like last nights "Criminal Minds"!!!!!!!
Kels
Yes they are..but I am positioned to add a few more should 20's be seen again today.
Kels
Amen Lowman....
I'm on the same page as you....fact is we have probably all been there or for that matter are still engaged or attached to a POS.
As you know I finally was able to unwind my final involvement with a recent POS (O&G) that only seems to serve its own self interest by running the printing press. Even today this POS has released another PR to start its daily PPS cycle all over again.
Kels
A final comment for my night.
After finishing another review (becoming a daily habit) of the daily chart (including candles) for HMGP I still see the same pattern, as an observation.....a tight daily PPS, not volite (no big daily swings)
If you go all the way back to when the PPS was ~ .07 this has been the pattern, even on the down days, which have been fare and few apart, the daily PPS pattern is very consistent (tight).
IMO this is itself is a confidence builder of the current trend and that the likelyhood is that this pattern or uptrend remains in tack. This is one indicator that is very important from my perspective in establishing the direction and durability of the current direction and one that I rely on. And as a side note very rare for a pinkie
If I can find a stock that behaves and can establish this type of pattern it provides me a great opportunity to use the strategy of opening a position that is ~75% long and the other 25%, using technical indicators has a tool, to enhance either increase profit or increase the number of shares for the overall position.
One good winner can easily over compensate for the losers providing that you trade with a strategy that has some discipline.
Interesting remark DD........ could the update be coming soon...Methinks the Hemi update is out by 02/17/07 at the latest.
Your insights to Hemi have been reight on the mark to date
Kels
Lowman, absolutely agree 100%...this current price movement is more like the move from .04 to .075 in Dec (had a drop back to .055) and the .10 to .15 in Jan (had a drop back to .12) Both of these moves were very healthy ones for Hemi at the time and this current decline from the recent high will turn out to be the same.
A possible diference now is that Hemi may have newer breed of recent holders that may be gun shy and pull the trigger a bit soon, but in the long run the trend remains in tack unless a major event breaks it.
After all "The trend is your Friend" Right??
LOL....you got me on that one........actually I have enough kids and 2 are in college!!!!
I'am paying my dues ....just trying to find away to ease the pain.......Hopefully this Hemi is fully loaded by the time my kids get there degrees.
Kels
Now hold on Lowman.... I didn't sell Hemi at the peak...lets just say recent high....because when the peak does arrive and when the ultimate sell is completed with Hemi it will not be a re-write of Einstein's theory....rather it will be the new coming of J.R. Ewing.
My recent buy...I will hold that thought until Hemi confirms that this current .28 - .30 is actually the low for this cycle.....it is possible that the MM may shake this some more.... and then some other board memeber will have the bragging rights..........but I am satisfied with my current .29 - .295 re-entry.
As far as UPDA.....I agreed it was borrowed time but the swing trades where predictable, hell even yesterday - today was a good swing trade if you had gonades to do so!!!! Actually my reason for getting out of UPDA was to free up some additional funds for these type Hemi days and what NVMG experience on Monday.
You know the old saying....trade and learn and maybe burned but Lord please give the profit!!!
OT...for the record I am completely done with my UPDA swing trades. Last one was Monday, overall did ok....but now this money gets parked with a Hemi and a bit of NVMG.
Speaking of UPDA, up to its old habits again today...news this AM, up early...down she goes this PM...big volume...let those presses run!!!!
Kels