InvestorsHub Logo
Followers 96
Posts 8690
Boards Moderated 1
Alias Born 01/02/2018

Re: None

Friday, 03/23/2018 6:58:10 PM

Friday, March 23, 2018 6:58:10 PM

Post# of 346672
Pennystockin check out below:

From JRF30

Keeping it real on two topics. .

1) We keep dripping down. We continually are going down and have been for months and months so far.

Not true. As an example with REAL trades:

I bought shares at .1287 on 11/22/17
I bought shares at .1318 in 11/24/17
I bought shares at .136 on 12/4/17
I bought shares at .137 on 12/27/17
I bought shares at .1329 on 1/5/18
I bought shares at .1363 on 3/2/18
I bought shares at .1378 on 3/7/18
I bought shares at .1381 on 3/20/18 (And am currently on that bid!)

That tells me we are in a CHANNEL, not drip dropping downwards. We go up to about $.16 - $.18, and then (For now) back down to $.13.

But every time we go up, certain people are quiet, and then when we go back down the channel, they post and post and say we are going down to 11 or 12. Nope, we are stuck in a channel. We broke $.13 on the downside briefly on 11/22/17, and that was FIVE MONTHS ago. We are at $.1385 today, so to say we have dripped down for the past five months is impossible to be true.

A channel. period.

Second incorrect statement.

2) "Looks like we are going down to 11 and 12 this week or next week.
that's where people should buy." Or "Sell now before it goes to 11 or 12." Been said for months now. Every week, when we have a red day, it means "we are going to 12 and 11". Once or twice I've even seen .10 mentioned. No - the channel says we have support in the .13s. When good news finally comes out, we'll see if we break the upside of the channel, but we are in a range of the 13s to the 16s for the most part. With minor moves down to the 12s and up to the 18s, but neither side holding.

So don't let them tell you we are dropping down consistently, as we are instead stuck where we are until good news comes out. And that is not the same as going down. And don't let them tell you that it looks like we are heading to 12 or 11 next week. Yes, it "could" happen, but it can't "look like it is going to happen" because if you look at reality, right NOW the support is in the 13s. Just like it "could" jump up to .20, but there is no way I can say it "looks like" it is going to .20 when we go up to .16 again. Until it breaks the channel, it LOOKS like it is trading from .13 to .16.

Am I tired of seeing it in the 13s? Yes. But I am buying there, because it is the bottom of the channel, and inevitably it goes back up to .16, which is a nice move from the purchase price of .13 or .1381. And I don't see it going to 11, so I'm not going to put my bids there.

In spite of rumors it is going there "next week".

back to the sidelines, where I really need to stay right now. But had to respond on these topics. Eating me up too much. lol

Anything written is opinion based only and never an admission to buy or sell a stock. Do your own research and invest with confidence. Happy Trading!