Tuesday, November 27, 2018 11:11:42 PM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144953869
The 5.40 area from 20th, finally was tested today with a bounce at the end of the day; however, not enough to convince me anything has changed here with $ACB.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145003498
Regardless of all the "to the moon news", the dilution machine continues at $ACB with Investor Relations telling everyone how great the company is, while they blame the broader markets, etc. and glorify their business "forward thinking" tactics. This is OTC Market non-sense. They're using the same tactics the OTC Markets use with bombarding press releases, videos, community engagement presentations, etc. ALL OF THIS IS GARBAGE to someone like me, who needs performance to act louder than words. That's why I am not invested here (haven't been since October); however, will day trade a swing here-and-there if I'm not too busy flipping strong momentum stocks that carry the most weight and actually move the major indices.
All the millionaire fantasies and 'this stock will change the world".... is not a trading plan, LOL. And is surely not a trading plan of a professional trader who trades for a living. When we called the top, many jumped out of $ACB on the warning signs. THANK YOU to all those who Private Message - those who pulled out of $ACB and been staying on the sidelines during this falling knife. Of course there are opportunities here-and-there in $ACB, but they're short lived and can be profitable.
The biggest lesson in trading and investing is not to fall in love with a stock! I still wonder if there are people still holding from the high 10's, who believed this was going to $300, LOL. C'mon...
5.50 closed above; however, it's now very important to see how it preforms at these levels. If this level cannot hold and goes below 5.40/5.30 area again for a retest and fail - then that gap may finally fill at 4.99-4.90, which has been on my radar for some time now.
Granted anything can happen in the markets... good and bad at any time. Everything is different when you're trying to trade/invest as a business and turn it into a primary income source. That's why it's important to create a written trading plan. I guess that is a question people really need to ask themselves... why their really in the markets. Some have no intentions of being independent and 'learning' how to be profitable and run it like a business, then others want to soak up every bit of knowledge from those willing to share the foundational principles of how to truly turn this into something you can do forever - making money consistently.
Markets are looking much better overall with Retail and Tech making a comeback. GDP NUMBERS TOMORROW, can either continue this momentum upwards or turn it back down. G20 is this weekend and then the FMOC is the following week. LOTS of events the markets will be watching and volatility will be HIGH. Keep in mind most of Tech is still in bearish correction territory; however, they're almost out - then the fun really begins. Santa Claus rally is not too later folks!
Have a safe and great night!!!
Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.
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