Saturday, October 23, 2010 12:41:34 PM
I am a big chart buff and although I am relatively new at this, feel I have a pretty good handle on what to watch for in the charts. Resistence points, support levels, PPO, ChiOsc, RSI....all good tools to help investors see where a stock is heading. One unwritten and unpublished tool I also use in tandem with the charts, is the IHUB blog indicator(as I call it).
For months, the missed deadlines and raising of funds by the company(which BTW were needed at the time to move us forward) was met by bears with an agenda to kill the PPS. It had risen to great heights on speculation alone and although was overpriced for what we had to show for accomplishments was not so overvalued to have us dabbling in the triple 0's. Now that we have some concrete milestones met and all the bears innuendos they threw out there for a purpose were proven wrong, the stock price leveled off, people knew the potential here and saw a great entry point to jump in or jump back in. The price has since risen nicely but still far far away from where it truly belongs. We will get there in time, as the real buying begins on Monday as we lead up to our official launch.
The bears are in hibernation now as there is nothing they can say or do to negatively affect the PPS. The bulls are in complete control, not because we are pumpers but because we all have cause to celebrate the accomplishments of the company and knowing we hold on to a great many shares of a truly undervalued stock. Most of these shares have been eaten up by strong hands and longs and as the MMs grow tired of manipulating the price, will step back and let it run. As the sentiment on this board has totally changed directions, it is this indicator I also use as a signal to buy more shares. IMHO, MOMO returns to this stock in full throttle starting at market open and we will see strong buying pressure for the next few weeks. Where the PPS settles in by then, nowbody knows....but some of us have a pretty good idea. Good luck to my many friends and aquaintances on this board and hopefully one day soon, we can get together somewhere for one hell of a party.
See you all Monday, larybaby2
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