My bread and butter are the charts. They're a tool that I've managed to use effectively enough to do this trading gig ever since 2006. I've heard countless people tell me it's all BS, so I don't even mention it all too often. I don't give a shit about what other people say, all I know is they've helped me turn a total of $6k invested in 2006 into a full time career and a 7 figure account. I can't share all of the details for a number of reasons, but I will tell you at the heart and soul of how I use the charts is this: I am looking for stocks that I believe the float has been locked up over the years. That's all I will say about it for now, but that is what I look for and that is what I see with $MIKP. I don't know who, what, where or why, but MY interpretation of the chart is that the float has been in the process of being locked up over the years. You can argue I'm wrong, don't see it, or whatever. To that I say good. If everyone saw what I saw then these opportunities would cease to exist. The negative sentiment, the IP market, etc are all just icing on the TA cake. My expertise is spotting locked up floats and depending on the degree of how certain I am, I leverage these gambles when I find them. I've been wrong a number of times, but my biggest bets are my highest conviction bets and those have all panned out well enough for me to do this for a living. Call it luck, sure. I am quite reasonably confident that the float here is locked up and this chart/stock is primed for a sustainable and significant breakout. Companies and CEOs will ALWAYS milk these opportunities to raise capital because when the stars align, of course they would take advantage.
I truly don't care to change anyone's mind here, I am mostly just shooting the shit while I wait for this to play out. Of course I could be wrong, but again based on my personal methodology I feel very good about this play, especially from these current levels, and especially in terms of risk vs reward or upside vs downside. Call it luck, honestly doesn't matter one tiny bit as long as it pans out. And if it's been pure luck as to why I have managed to do this for a living and not need a real job since 2005, then so be it. I'm pretty sure though my refinement of a very specific niche in the market over years and years and countless trials and errors is why I'm here, but again in the end I'll take lucky over being good if that's what got me here.
Bullish
