Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Excellent! Wait...what.?? Did it go up since you got here? LOL
jk
Maybe we can crack the high before end of day.
GL
E
I've seen many charts like this one. Especially the candle created yesterday. A random trade or 2 takes the PPS down to the bottom of the candle. I fully expected today to be a green day. Look at a few other charts and try to find one that looks like yesterdays candle and see what the next day did. Most are the same....up. I'd post a chart/link but back to work for me.
Study! Learn! Find a mentor in trading, no matter your experience.....It is critical to being successful.
One key lesson is trading IS psychology. Every trade is an indication of what is happening in the minds of the people behind it. Even "program" trades are "programmed by people"!
GL
Erik
Check weekly chart. Must close over .004 tomorrow for next week to be another large green candle. Probability is high for move to .0064, 50 MA on weekly, or more.
E
Not enough volume for it to be MM covering. I think a select few are making there way out w/ small profits. There'd have to be a few more larger trades in between the spread. MM's have a "supply" of shares to "make the market", if it starts going up they can take profits as retail starts buying the ask.
Their supply is at a deep discount to market price therefore make money either way. As it runs they can short in their private accounts and push the PPS "back" in either direction when it benefits them. This needs to move higher for them to short into it in private accounts.
Yes...they do do it....What can ya do?
E
What's next for this chart? Will it run right through 5's or make it's way back a bit. I'd be looking to buy on a break of .006 and be bidding in low .003's.
Holding initial buy for a few days now. If we hit .006 bid we'll get a quick spike and test .01. Need to keep the volume and possibly double it from here. 15 mil or more get's this really moving.
GL
E
Anyone know who's shares came off restriction for them to clear out?
A quick "wash out" here.
Was hoping for this move to .0072 in a few days. May not have another chance to buy a bit down there.
Revenues are crucial to see NTEK begin moving in the right direction. Let's just hope they used their financing over these past 12 months properly. We'll see.
GL
E
Interesting. Break out @ .74 bid...3 minutes and it's confirmed...or we wait till next week.
Solid buying into the close. One more spike before a potential pause. And I'm not sure the pause (pull back) will be anything more than a tiny bit before more long term money flows in.
Haven't see that one...Need to see more of the DVD's....Been trading off and on a while, mostly off, but getting back into it.....need to get out of this death hole. I like that I'm reminded of so many things that get flushed to the back of the mind when your not active. And of course appreciate all the new stuff he offers.
"Take what you like and leave the rest".
I like to say there is always something to learn from everyone...even the bad.
GL
E
Do you watch his vid lessons or webinars??
AVXL - Solid today. - article & interview on SA today...
Strong during very weak market. Break .80 and may reach .90 if we can get a surge in next 1.5 hours.
On sub penny stocks and lower priced stocks yes, I usually create lists of stocks from $2-$10 for those kinds of shorts. AVXL can get to the point where it's less expensive, in regards to what the brokers want you to have against the position in cash, and be a candidate for more retail shorting. I'd say once it's over $1.50 to $2.50 it'll have gone up so much and people will look for the drop back and short it. But the really cheap stocks, yes, I know brokers have a "fail safe" for those that do have the money to short subs.
Who knows, maybe AVXL becomes a monster mover and runs to $8 w/ more news they've been holding back. Anything can happen.
GL
E
Here....regarding shorting penny stocks
I'm setting up accounts at IB and eTrade mainly for the purpose of shorting stocks under $5. I encourage everyone to do the same. Besides being able to short lower price stocks, those with the pattern day trader rule still 'bugging' you out of plays, w/ 3 accounts you'll have 9 day trades per week. Trade w/ precision on those 9 or less trades or enjoy some longer term patterns to work with like AVXL....which I think could see a few solid days of buying w/ maybe a down day or 2 in between.
Holding AVXL for a break of .80 or more. Mental stop @ .59 and will raise it as the stock rises.
GL
Erik
Penny stocks CAN be shorted. 3 brokers I know of right now that allow it. Not sure which one has available shares for shorting as sometimes it's difficult to get them. Some allow you to reserve shares to short ahead of time.
short interest here...
Well...maybe not yet...
.62 held...w/ a bit of "noise" to .61 and now buys coming back. Getting back over .66 would be huge for a follow through tomorrow and not having to wait for a few day pull back.
E
.62 on 5 min chart is 50 MA. Hold that and bounce to close near .66 would be ideal. Coming down to it...let's see if we bounce in 15 min or so.
Nice "squeeze"! 1st technical resistance around $.69, next $.75 to $.80, then the $1.08 area.
We could have a few solid days or even weeks of buying as big money usually takes time to acquire their position. We could see some info regarding funds beginning to invest in AVXL. Maybe in the SA article or another being written by a different outlet.
GL
E
Agreed. Just something to remember. I see too many people that think L2 "tells all". It's what's not there that needs to be understood.
E
Remember, shares get hidden behind an offer like that. 10 trades then doesn't move.
Hope to see the bid strengthen into the close.
E
Here we goooo. Squeeze'em!!
If some MM's or high risk shorts still have those positions, it's time for them to switch their positions here. .006 will get us right at the "Squeeze Trigger"...if it were me, I wouldn't hold short if we see .0061 bid. It will break highs quickly from there.
NICE!
Thanks smitter....
Looking strong.... Once we see .0059 on the bid and 6's get eaten up we should see a break out. .011 in 2008 is long term resistance. Wonder if we get there today. A little volume and we're off.
Also....
I left GEQU open on TWTR overnight and it had over 3500 tweets from about 3-4 people. Crazy stuff.
GL
E
GEQU - Debt Reduced
Wrong. If you understand the discussion of being long or short before a clinical presentation you'd get it.
Saying:
AVXL Shorts increasing....Short info
My take usually goes with this questions: "What will traders/investors likely do when there's a potential major catalyst on the horizon?" With this, we'll see buying into next week more than those that can/do short penny stocks. Bio/Med stocks can squeeze extremely fast and in big numbers.
Remember, trading IS people. Psychology is critical in trying to understand what's taking place on the other side of the trade, so to speak. I'm staying w/ the logic that AVXL has a very solid uptrend in place, near 16 month highs with Clinical Data to be presented next week. here
Technically, we'll need to see AVXL close strong for the week near or above .54 and trade higher until data is released. IF data is what we should all want, for the sake of the patients, we will see big time buying and a massive short squeeze.
I'd rather be flat than short. Being long is as risky as short but I'll take that w/ a small position. If I have to add on a massive gap up I'll do it. But I'm holding for now.
Keep in mind the trend and avoid letting posters influence any trading decisions.
GL
Erik
Don't care for that BKMM dude w/ 25k @ .30 in last 30 sec's. He's usually very very annoying to say the least.
Solid volume and close here. Like to see some excitement on the ask and make this move tomorrow.
GL
Erik
"Milestones"
What's next for ARTH? solid volume, strong close @ the high.
I like the potential for a break out next week.
E
Interesting chart here. Looks like potential break out next week w/ big volume today.
About $1.2 million traded above $.48 in the last 3-4 hours. I'm inclined to think it was more buys as it was rising. We should see .48 hold as very key/short term support and a break above .52 and beyond w/ a follow through on Tuesday. A move above .60 resistance get's a move to the .80's or more, depending on news/filings.
Holding long from .48.
GL
E
.49 break sends it higher...
Sounds about right. 1st key level @ 1.18 from 4/13/15 - then 1.25 from December '14 high...after that we'll need a break of 1.44 & 1.65 to get a move to the $2's. News could make it jump even higher & faster.
GL
E
Where's promo? Emails? Texts? PR's?? Thanks.
Cool....good to know, thanks. Most CEO's join in the failure of their own companies.
E
I like to hope for a giant move like anyone but imagine what BRWC would be worth (Value) @ $.05 - 3.4 bil O/S X .05 = $170,000,000 - Not sure about that...but at least we could see 1/4 cent with enough buyers.
I'd be happy to see a break of .0016 from May.
GL
E
Could be a "dip-buy" here....May start a small position. Float / O/S is small enough, w/ news it could be a mover. Very nice Mods on their cars. I'd get one....or three.
E