Friday, June 09, 2017 12:38:48 PM
About a year ago I ventured into penny land for the first time in my life. I bought COTE and it was based upon ONLY fundamental analysis. It was a complete failure but since I am VERY cautious I only put a couple thousand in. I lost all but about 400. I made all my money back in VDRM by scalping which I was much more comfortable with. I did well but the entire time (mostly) I was proclaiming that the company is a bust and a ghost and should only be scalped. On the last run up, the third, I stopped scalping it and made all my money back. I do not mind saying the ticker symbol has not recovered to this day and I do not expect it to either. I got out near the top. I did lose about 100 in TEUFF. Not sure that one is even alive still.
So then I decided to be more careful and TRY to find the patterns I was comfortable playing. I found TTCM. Like I have stated I bought a starter position about ten minutes after I saw the chart. I did not even know the first thing about the company and did not even increase my position or look into doing so until I noticed I was up a little.
Since then I have been only watching a few ticker symbols in penny land. I have however searched almost the entire QB and QX and PINK CURRENT REPORTING companies. There are lots of scalping plays but not anything I can hang my hat on. I have invested much (for me) in TTCM. I have shared TTCM with many others who have invested as well.
You are completely correct in that TA is a case by case deal but only to a degree as you completely correctly stated. If it were entirely case by case then I would never have the historical similar charts to make my initial decisions. So initially it is not case by case but as the pattern plays out, just like in the NASDAQ and NYSE or any other real market, as the pattern plays out one must make his decision to stay or bail as you say.
I guess the long way around answering you is I have made myself hundreds of thousands but others way more money than that using TA but in PENNY LAND..NO. NOTING. I am negative slightly (so as not to give away my total position).
Here you go. Completely honest...as usual. The only thing I will add is a little positive note about TTCM. Uplisted at great expense, TA is not gagged, audited financials ( I do not care what is in there) at great expense of time and money, Patents again at great expense of time and money and according to the main players of TTCM they are working hard to get the safest financing and also move the company ahead on the "come" by owning common and preferred shares with a dollar amount instead of a date for cashing in. These points take this technical analysts eyes off the TA ball for a minute as they are very compelling. I know some do not believe these fundamental points but I chose to. All the other noise like discussions of lawsuits and head fakes and the past mean nothing to me because, yes of course, because the two year chart tells me no matter what has occurred in the past, someone with some serious money believes in TTCM.
PEACE
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