This is a cut and paste of parts of my post from 4/10 at about 8:30 at night. I am going to comment on it as well.
"Here is a PERFECT example of the type of fear we need to see in this ticker in order to wash out the weak holders. I truly appreciate posts about lawsuits and crimes and such."
I have lived through so many of these situations when the scare was so much greater than that in TTCM and the stock crashed and the entire world came to an end for the holders...only to have the stock skyrocket when the TRUTH came out and it may or may not have been bad but THE ABILITY OF THE COMPANY in question to overcome such a problem WAYYYYY outweighed the problem itself. As you know I am a chartist. And the 18 month INVERTED BULLISH HEAD AND SHOULDER pattern with the extended completion of the right side is EXACTLY what we are looking at. I said...
" This could not be a more perfect scenario. Look at how the ticker is slowly making its way to the 200 SMA. This is perfect. We need some really scary spooky frightening news to scare the daylights out of the weak holders and I HOPE this is it."
" I have seen this over and over again over the past twenty years when some freaky bad news comes out JUST IN TIME FOR the nosedive that is eminent" because of the stock pattern that has formed or is forming "and it shakes you loose of your hard won and bought shares and then ROCKETS up and past any number you can imagine. Call me a contrary investor. This IS the gun barrel to stare down. That is exactly as I am playing it and I have so much dry powder as I have been waiting for this...as I have said." I told a poster I did not buy yesterday and that I was going to buy at the open today. I did. I did not get completely filled...SUCKS. But I am making a point. THE 200 MA is your friend here and it is support. I said...
"The 18 month chart with the arrows and the number two chart I truly hope get reposted today so we can see the truth of the matter." ANY technical analyst worth his salt will tell you that this chart pattern is one of the strongest accumulation and bullish continuation pattern known to man. It IS going to be fulfilled to the upside. I said...
"Again, the way I am playing it is to watch THE CLOSE price over the next two weeks. NOT THE 50 MA but the 200 MA. We want to hit it (the 200 MA) with the SP and breach it and bounce around there and make grown men cry and beg and kiss feet and then and only then will we be free to sail. I am not interested in moment to moment or what anyone has to say about this ticker. The 18 MONTH CHART (hint hint) is all I need. See you at the end of the day tomorrow."
So here is the deal. It would be very foolish of any insider to hold if they thought the SP was going in the tank...right? WHERE THE HELL ARE ALL THE SELLERS???? In the past month only 10 million shares traded hands and lets say ONLY 3 MIllion were bought that leaves 7 million shares so about 225k traded hands...WHAT A JOKE!!! That comes to what??? 210,000 shares per trading day????!!! When we get to 225k trading hands per day I MIGHT break a sweat. UGHHH This balogna about the court and anything else is not phasing ANY insiders by any stretch of the imagination. So as a technical trader looking at the charts only, I say this hogwash about the court case affecting the company in a negative way is a joke and a half and WILL be completely forgotten VERY VERY SOON.
I said I was buying today at the open. I did. Since I still have some powder dry I will be buying again IF and when we get down to the FLOOR which is the 200. I am going to make a prediction that I am NOT going to be able to buy in at the best price because the "ask" is so skinny at any given time.
Yes I can say I have been whipsawed in my trading in the past. But this POWERFUL trading that has occurred in TTCM is one for the record books. And by the way, anyone notice we tracked the NASDAQ again today????? Hmmmmmmmm????????
Wait for it...
AI
