AI
Thursday, March 16, 2017 8:40:41 PM
Though the majority of trading took place at the ask, its obvious there's a seller here. you can see it in the chart. the williams and full sto's have entered oversold, and the chiosc and a/d are the reflection of an ongoing distribution. offhand, i would say this stock is leaking shares. and has been for awhile. but its not enough to bother me.
seem to me, the tell here is in the volume. it has tapered off, and that was to be expected. when the run didn't produce another leg up, it began a consolidation phase, pulling back and washing the range. past the .013-.014 area that was the site of the last big battle to break resistance, there was very little in the way of support other than the two fast lines -- 5 and 10 day moving averages -- and they don't carry a lot of weight. riding those lines is like riding the wind.
looking at todays trading log, i see that 200k at the end of the day wiped out the bid support of .015. that's not a lot of shares, so its less a sign of capitulation and more the result that buyers are waiting to see where this settles. it broke out on the 6th of March, and when was that? less than 2 weeks ago. please! unless you discover something untoward, patience is a necessity in this game.
anyways, this could see a pullback to that .013 demarcation line tomorrow morning. its close to the 50 day ma, so that should serve as a braking line. then, too, anything is possible, so maybe this goes lower than that, but i wouldn't think a bigger pullback is in store, or at least, not one with volume. of course, i'm still holding shares, so you know how i'll bet this. and, fwiw, chart rendering is just a projection extrapolated and conjected with the data points of the near past. its all speculation, nothing can be guaranteed. but what do i know?
can you imagine my disappointment to not yet see the confirmed -- confirmed i tell you -- .009 as called by someone with 20 or 25 (depends on which post you read) years of experience? someone who needs no luck, knows charts don't work here, and realizes the only way to make money is to listen to someone elses advice. she knows someone who knows more than anybody here, and in four letters using CAPS she brashly told us what to do. i am in awe. silly me. i bought this under a penny based on the available dd and my reading of the charts. then i averaged up and didn't sell because the chart hints of more to come, and i tend to listen to my own voice, puny as it is.
::sigh::
guess i need a guru. or a better plan. selling now, now that its pulled back, and waiting to buy back under .01, sounds like a plan. i wonder why i didn't think of it? imagine the fun i can have chasing it if it begins to run away from me. and if i let it go, just think of all the tax money i won't owe from having to pay on my profits. YEAH! genuis sounding.
there's just one thing confusing me. how come if its been confirmed that this is going below .01, she's planning on buying at .013?
from somewhere, with tongue, cheek and sticky goo,
its rich pearl
seem to me, the tell here is in the volume. it has tapered off, and that was to be expected. when the run didn't produce another leg up, it began a consolidation phase, pulling back and washing the range. past the .013-.014 area that was the site of the last big battle to break resistance, there was very little in the way of support other than the two fast lines -- 5 and 10 day moving averages -- and they don't carry a lot of weight. riding those lines is like riding the wind.
looking at todays trading log, i see that 200k at the end of the day wiped out the bid support of .015. that's not a lot of shares, so its less a sign of capitulation and more the result that buyers are waiting to see where this settles. it broke out on the 6th of March, and when was that? less than 2 weeks ago. please! unless you discover something untoward, patience is a necessity in this game.
anyways, this could see a pullback to that .013 demarcation line tomorrow morning. its close to the 50 day ma, so that should serve as a braking line. then, too, anything is possible, so maybe this goes lower than that, but i wouldn't think a bigger pullback is in store, or at least, not one with volume. of course, i'm still holding shares, so you know how i'll bet this. and, fwiw, chart rendering is just a projection extrapolated and conjected with the data points of the near past. its all speculation, nothing can be guaranteed. but what do i know?
can you imagine my disappointment to not yet see the confirmed -- confirmed i tell you -- .009 as called by someone with 20 or 25 (depends on which post you read) years of experience? someone who needs no luck, knows charts don't work here, and realizes the only way to make money is to listen to someone elses advice. she knows someone who knows more than anybody here, and in four letters using CAPS she brashly told us what to do. i am in awe. silly me. i bought this under a penny based on the available dd and my reading of the charts. then i averaged up and didn't sell because the chart hints of more to come, and i tend to listen to my own voice, puny as it is.
::sigh::
guess i need a guru. or a better plan. selling now, now that its pulled back, and waiting to buy back under .01, sounds like a plan. i wonder why i didn't think of it? imagine the fun i can have chasing it if it begins to run away from me. and if i let it go, just think of all the tax money i won't owe from having to pay on my profits. YEAH! genuis sounding.
there's just one thing confusing me. how come if its been confirmed that this is going below .01, she's planning on buying at .013?
from somewhere, with tongue, cheek and sticky goo,
its rich pearl
