I made a mistake in the first go at this chart post, I repeated the second chart, this one the second chart has the chart with the gaps etc, my apologies, had a duhhh moment.
Going to post a couple charts to show people what the stock is doing and where it is going, the tank is filled up the trip is about ready to start as it heads back to a fair value going forward.
Yesterday as I said and will point out in the next post was excellent it is exactly what a long term investor wanted to see and hedges/shorts did not wish to see. With there being no downside left it is all about locking in unrealized gains at this point, its like a long investor wanting to lock in profits at the top. You didn't make a nickel till you sell or cover.
The first chart is a a chart showing the 1 month daily chart with the use of the cLoud, MACD, RSI and a forecast Oscillator
Everyone has their favorite chart for different time frames etc I like this for for my bottom plays.
The stock has for months been trading well under the cloud and has been in a down trend as it had nothing to stop downward momentum as the news was uncertain and their was still a cloud hanging over it. Now with all uncertainty removed the stock has no reason to go to the downside and going forward will head in upward trend. It will build pressure until it finally breaks free of the cloud somewhere over .51-.52 then it will move to the upside with easier upward momentum.
On the MACD you can see both lines are strong and up and you can see the first small green indicator under yesterdays trading, each day that passes it will grow larger and greener and move more powerful and as it goes up as will the RSI as it is pointed up and wants to continue on this trajectory. It is a given so to speak, no matter what happens during the trading day going forward it is going up over a dollar and will start to fill a gap area at 1.25-1.85.
There is an obvious gap at 1.55-1.80 but the area I mentioned first is where I see the stock doing a lot of work for a week or so as it builds a new solid base and heals as it were before heading back to nearer its fair value which I would imagine the stock will be prior to the next ER which will be sooner than one things as this one was late and it was a 10K which is filed already 2 weeks later than a 10Q.
So its all good, we're good, we didn't get the Red Rider BB gun for Xmas damn that would have been the coolest most exciting thing, but, we still got a train and this train is heading out, that my friends is reality. Trains are better more solid more stable, memos bring chaos trains bring solid growth. IMHO if one should if they wish take some profits in the 1.20-1.35 range not a lot, not at the start of the day just 10% of their shares at a time when there is a lot of volume so as not to gum up the works and not at the bid,buyers sit the bid sellers offer the ask, if they are smart. its a negotiation at the end of the day.
As the stock is filling in the gap 1.50-1.80/.85 that is where I would sell another 10% during the same type situation in the same manner ad then you can ride the rest of your investment at that point for free and as the stock grows at every level you sell another 10% the next another 10% that is trading to invest and build something for yourself, your future and your family, if your doing it another way your a gambler not an investor IMHO.
Traders do well then days they do bad then well then bad, solid plan buying the bottoms and selling little bits here and there to invest in other plays at the bottom doing the same, is how to build a solid future and within a year if you haven't made yourself a portfolio 10X your original investment while still holding 300% of your original cash investment your need to go back over your plan and see where you messing up.
An old timer told me back in the day on Raging bull that he had one lesson for me and to never forget it.
"It's easy to get rich but it is also hard to stay rich, it is hard to get wealthy but it is far easier to stay wealthy"
Never forget that. Build something that lasts and builds, something that doesn't keep you up at night with worry. When your long term holdings are free and you have already profited from the original investment in them 500-1000% you will find you sleep like a baby.
Peace out
ER DD post coming in a bit.
Going to post a couple charts to show people what the stock is doing and where it is going, the tank is filled up the trip is about ready to start as it heads back to a fair value going forward.
Yesterday as I said and will point out in the next post was excellent it is exactly what a long term investor wanted to see and hedges/shorts did not wish to see. With there being no downside left it is all about locking in unrealized gains at this point, its like a long investor wanting to lock in profits at the top. You didn't make a nickel till you sell or cover.
The first chart is a a chart showing the 1 month daily chart with the use of the cLoud, MACD, RSI and a forecast Oscillator
Everyone has their favorite chart for different time frames etc I like this for for my bottom plays.
The stock has for months been trading well under the cloud and has been in a down trend as it had nothing to stop downward momentum as the news was uncertain and their was still a cloud hanging over it. Now with all uncertainty removed the stock has no reason to go to the downside and going forward will head in upward trend. It will build pressure until it finally breaks free of the cloud somewhere over .51-.52 then it will move to the upside with easier upward momentum.
On the MACD you can see both lines are strong and up and you can see the first small green indicator under yesterdays trading, each day that passes it will grow larger and greener and move more powerful and as it goes up as will the RSI as it is pointed up and wants to continue on this trajectory. It is a given so to speak, no matter what happens during the trading day going forward it is going up over a dollar and will start to fill a gap area at 1.25-1.85.
There is an obvious gap at 1.55-1.80 but the area I mentioned first is where I see the stock doing a lot of work for a week or so as it builds a new solid base and heals as it were before heading back to nearer its fair value which I would imagine the stock will be prior to the next ER which will be sooner than one things as this one was late and it was a 10K which is filed already 2 weeks later than a 10Q.
So its all good, we're good, we didn't get the Red Rider BB gun for Xmas damn that would have been the coolest most exciting thing, but, we still got a train and this train is heading out, that my friends is reality. Trains are better more solid more stable, memos bring chaos trains bring solid growth. IMHO if one should if they wish take some profits in the 1.20-1.35 range not a lot, not at the start of the day just 10% of their shares at a time when there is a lot of volume so as not to gum up the works and not at the bid,buyers sit the bid sellers offer the ask, if they are smart. its a negotiation at the end of the day.
As the stock is filling in the gap 1.50-1.80/.85 that is where I would sell another 10% during the same type situation in the same manner ad then you can ride the rest of your investment at that point for free and as the stock grows at every level you sell another 10% the next another 10% that is trading to invest and build something for yourself, your future and your family, if your doing it another way your a gambler not an investor IMHO.
Traders do well then days they do bad then well then bad, solid plan buying the bottoms and selling little bits here and there to invest in other plays at the bottom doing the same, is how to build a solid future and within a year if you haven't made yourself a portfolio 10X your original investment while still holding 300% of your original cash investment your need to go back over your plan and see where you messing up.
An old timer told me back in the day on Raging bull that he had one lesson for me and to never forget it.
"It's easy to get rich but it is also hard to stay rich, it is hard to get wealthy but it is far easier to stay wealthy"
Never forget that. Build something that lasts and builds, something that doesn't keep you up at night with worry. When your long term holdings are free and you have already profited from the original investment in them 500-1000% you will find you sleep like a baby.
Peace out
ER DD post coming in a bit.
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