NUBV - A TA no one will like..........
Well .... This sure looked like a life changing play. I thought so much of the chart I loaded up @ .0005 myself (Which at that point required those balls of steel many talk about and lately... mine have been hiding in these lousy markets) and then added more at .0006 later on in the day.
Things were looking great yesterday! All the ducks seemed to to be lined up in place. Chart readers were boasting higher levels, Ihub members were touting big deals in the works, NR on it's way and da buzz all over the boards was NUBV is going to da moon alice and don't miss out! What ever method of TA one was accustom to, moving averages, Stochastics slow/fast, Macd, pivot points, 5 10 15 30 60 min, money flow.... ok you get the point .... This baby was going to run! And so we all went to beddie bye last night ready, loaded and for those not in ready to buy! For the record......... even my little candlesticks, the ones anyone who knows me knows I live by, said go go go baby! I even went as far as to post a few supporting posts around IHUB which is out of character for me to say the least. And so the morning of Feb 07 arrives!
Gap open was a sure thing and the likely hood was another .0003 points to come during the day! Buyers were out in full force. .0009 was the spot and it traded heavy big time. Inched it's way to .001 and well, .0012 was around the corner. Any chart reader worth their salt would know that .0012 was the break point for this one and that was the target... at least my target for the record. I could go into long ta depth as to what .0012 represents but just don't feel like it and that is not the purpose of this long post.
Cough cough, choke choke, chitty chitty bang bang, NUBV never got off the ground! WTF! It never even hit the runway at .0011. ( the weekly high of Jan 14 ) Again I will say, WTF!
Instead, we get the typical MM walk away routine. It was like the bottom just fell out after a whack of shares was unloaded! 33,397,920 to be exact all in 10 minutes! After that, bids were just taken out at a blink of an eye along , of course with mine, @ .0008. Yes I was just doing the usual thing which was trying to grab a few more expecting this to never tap lower than .0007.
Well hee hee haa haa whata whata bing bang, the witch doctor should have told me..... but alas too late. .0006 had arrived along with my profits dissolved! I was sure we were going to see .0005 again. Shake? Shake what? nothing to shake from .0006. And so we just sat their .0006 .0007 and interest seemed to just die like birds flying south. My .0008 buy had wiped out most of my gains but what the heck, In at mostly .0005 I had nothing to lose at this point. Pms were a buzzing. Close posters were not asking me but telling me and I quote "WTF?" And... BHWF was flying at the time on air soon to die, but my life changing NUBV was dead!
Some of you might have wondered why I went to the NUBV board and asked what the o/s and a/s. I don't usually make habit of looking for that info. Too busy studying intraday candle formations. Just wanted a quick comment but surprise! No one, and I mean no one even responded to my question. It was like I had the plague or something. Saw the 4 billion and saw that the company printing press was hard at work. I commented to a close friend that the printing press must have broke down and was awaiting a needed a service call @ .0006. I decided I had enough of this and decided to take a break and go out and play in the blizzard we were having today here in Nova Scotia. BLLB was doing fine but I had missed the .0015 buy wasting my time watching the intraday 5 min chart go no where in NUBV, and I did not see or was told of any other play to focus on so snow playing seemed the best option.
While playing in the snow I was all the time thinking what might happen if when and how. Bla bla bla stuff. What I came up with was either a bearish red candle with matching upper and lower shadows @ .0007 or a close of .0008 which would have kept the real body nicely tucked in filling the gap on the daily or a doji! I even dreamed of a doji with a tap @ .0012. But we needed volume desperately for that to happen so I scurried back home to check in on the possibilities.
NUBV continued to struggle and it was obvious that the powers to be had another agenda for today. The anxiously awaited NR did arrive but fell far short from the expected rumors. It was clear the company printing press needed repair and until a serviceman could fix it there was absolutely no reason to support the stock with bids! And so, as the day came to a close a feeble attempt was made to raise the PPS and volume slowly creeped up and over the top. I would have preferred a close if .0008 but there was a strong effort to make sure the close was a Doji! why? The wind up and overview to finally come next. For now I need to break and watch Star Trek ( Enterprise)
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Ok, what we need to do now is look at the facts. Below you will find only negative reasons for NUBV to fail tomorrow. There is absolutely no reason to look at the possible positive reasons. You don't lose money when a stock goes up in sub penny land. Why bloat your brain with dreams of grandeur. If you are positioned in NUBV and it runs... you will obviously make money. That is why you bought it and even bothering to read this post. It is way more productive to place all your efforts in searching for flaws in what we thought was a perfect duck line up. You notice I keep using the past tense. Here is why.
1) Three day up one day down rule here in effect possibly.
2) Broke the 50% retracement rule all traders follow.
3) Never got out of it's way to even touch .0012. A critical pivot point for a true reversal of trend. Maybe today????
4) After the gap open it collapsed only to barely recover to the open within a day of record volume preceded by another record volume day. No huge jump in buying @ .0006
5) In trading @ .0006 it MMs never offered the retail public an opportunity to buy NUBV at the ask @ .0006. A bad no no. A MM secret rule and it will happen!
6) Still no 3rd bottom trend line point to draw a support line. You need 3! No ifs ands or buts! Please, no one try to post argument on the one exception they find. Shooting at straws in hope this will be the exception. Rule # 2 When all you have left is hope.... Sell!
7) By definition a doji is a candle of indecision. With record volume it means a change in direction either way. Yes it could go up. going to need some kick ass volume here and where do you suppose it will get that from? buyers paying more? where were they today after the NR?
8) Candlesticks of this nature usually back fill into that long lower tail. .0008 is it! Why, well the 3rd bottom trend line connects at .00075. No such trade going to happen and so .0007 is a breach of the bottom last 2 day lower shadows. Next stop after that is .0004. Going there? who knows. Company does! For now lets just focus on .0007
9) A 3 day candle formation of this sort usually spells a top. An open of at least .0009 is a must and a low of .0008 must be maintained. We will see .0008 again. After that I hope for everyone's sake it goes higher! Remember, someone needs to think it is worth more to buy higher. Would be nice to gap open again. Doubt it. Never expect the obvious! The more that think to da moon the less chance it will.
10) There is no accumulation anywhere with volume at the bottom levels. No positioning, no accumulation just lots of selling by the company . The back to back double doji on Feb 2 and 3 have done their job well and indicated a strong reversal! now it looks like time for NUBV to take a rest on the park bench and catch it's breath.
For tomorrow I would love to see an open at .0008 and a strong move up from there. Or, an open of .0009 - .001 and a tap only @ .0008 and a run from there. These are the only scenarios that make any sense looking at the candle formations only! As for dreams... we all have them. Reality ! That is the key. an open higher than .001 would be a real shocker but not impossible if they get that printing press working by tomorrow.
My position is flat! I sold @ .0008 at the close and took my profit from .0005. I know the positives but I felt the negatives well out weighed positives. As for more of a move, well hell one click of the mouse and i am a share holder again all for 9.95! I will sleep well the rest of the night what ever is left of it. No one is paying me to promote nor bash this play. My boss here at Breakout Traders has encouraged me to do more TA and to post my views regardless of outside interests. I was really perplexed about NUBV not at least tapping .0012 and really needed to find the reason. You have 10 or more possible reasons. Take your pick.
Why am I doing this at 3:15am? I have been a member here on IHUB for quite a while. My people marks barely indicate that I have much say around the site. Nor that my opinions are much respected or taken seriously. I don't waste time posting charts and showing intraday charts playing with the pencils drawing lines for tops and bottoms and sounding very profession trying to promote some play I might have gotten compensated for like many do here. I don't repost information that is readily available with a click of your mouse. I do not waste time posting market depth that you can get with a small subscription or in some cases free from your trading house of preference.
I spend all of my time posting TA privately to members and read all day the action from open to close almost everyday except for health issues at times. I seldom take a front seat in this arena. I just don't have the time to do that carefully watch the current IHUB plays for when a member does ask me my opinion.When the day comes that I do get approached to promote I might curb my TA comments but for now the candlesticks never lie and so I read them as they instruct me what to do and I never lie about what I see good or bad.
If you found this post of any interest, or you feel I might have a tiny bit on insight in what is really going on in these markets, if you feel that 3-D candlestick TA has merit beyond the the line drawing artists, please take a second and give me a people mark. Do not place one based on whether NUBV goes up or down! I do too many TAs everyday to be right every time. The facts are the facts presented here not an opinion.
I was amazed that a member , not mentioning any names out of respect for his privacy, made a ridiculous statement in a post on a play yesterday and he has , get this over 1000 people marks! He was absolutely dead wrong on RVGD. It was all too obvious to me he was at the time and look at RVGD now. Do I care about the people marks? not really. My skills are mine and I share them with those that I know and am tight with. Most of them as we chat every darn day! I do get to all the requests but not always as fast as needed. All the people marks in the world will have little effect on my TA or the PPS. It would be just nice to know that when I do take the time to make a TA like this one it is appreciated. I receive no money but get the opportunity to see new plays presented to me and continue to hone my skills each and every new play. You can never stop learning in this business.
Good Luck to you all in NUBV. Remember it has to break .0012 not tap it!
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