| Followers | 271 |
| Posts | 5427 |
| Boards Moderated | 0 |
| Alias Born | 05/31/2009 |
Wednesday, October 13, 2010 11:28:07 AM
EGLSQ - I agree with you and if you look at the BID whacking going on, that is why it is not moving right now.
This is what amazes me, people really do not know how to trade stocks at all.
The current BID should be at no less than .01, which is a spread of .001. Which is acceptable to most traders. Once someone raises their BID to that number, trading will start. And it will probably grow to enormous volume over the next few days to weeks.
Here is the LEVEL II as of 11:09 AM EST.
You can see someone was buying a lot of shares last week and Monday, I think about 2M because they know a Reverse Merger is in the works and they sit on the stock until it goes through, and they make a ton of money off of it.
Now notice all the sellers at the ASK at .015, I think it is a fake wall but what is really interesting is that is resistance that does not exist by the chart. So what do you make of that??? Fake Wall! LOL!
And once the stock is past .015, there is no real resistance till .02 and .021 then after that no real resistance till .12 and that is significant. This could be a Blue Sky stock. So I am just going to accumulate it myself until it takes off and keep adding till it breaks .021, then see where it goes after that.
We also have to keep in mind that there are only 26.7M shares total and that the FLOAT appears to be locked up because it moves so fast.
Shares Outstanding 26,743,000
FLOAT - unknown but seems to be very small on how quick this stock moves up and down.
And the chart matters as well. And this one is looking good.
1 Year Weekly Chart
3 Month Daily Chart showing the breakout.
This is what amazes me, people really do not know how to trade stocks at all.
The current BID should be at no less than .01, which is a spread of .001. Which is acceptable to most traders. Once someone raises their BID to that number, trading will start. And it will probably grow to enormous volume over the next few days to weeks.
Here is the LEVEL II as of 11:09 AM EST.
You can see someone was buying a lot of shares last week and Monday, I think about 2M because they know a Reverse Merger is in the works and they sit on the stock until it goes through, and they make a ton of money off of it.
Now notice all the sellers at the ASK at .015, I think it is a fake wall but what is really interesting is that is resistance that does not exist by the chart. So what do you make of that??? Fake Wall! LOL!
And once the stock is past .015, there is no real resistance till .02 and .021 then after that no real resistance till .12 and that is significant. This could be a Blue Sky stock. So I am just going to accumulate it myself until it takes off and keep adding till it breaks .021, then see where it goes after that.
We also have to keep in mind that there are only 26.7M shares total and that the FLOAT appears to be locked up because it moves so fast.
Shares Outstanding 26,743,000
FLOAT - unknown but seems to be very small on how quick this stock moves up and down.
And the chart matters as well. And this one is looking good.
1 Year Weekly Chart
3 Month Daily Chart showing the breakout.
Never assume anything, and always do your research.
All statements that I post are my opinion only.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
