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Re: swing_trader post# 65051

Friday, 02/14/2014 1:46:31 PM

Friday, February 14, 2014 1:46:31 PM

Post# of 74539
Sorry I didn't get back to you earlier, been busy. But look at the 1 year chart and tell me that you do not see a pattern. Looking at the 2 or 4 hour chart does no good for these kinds of stocks because the market is extremely volatile in the sub pennies. Fundamentals nor Technical's move the stock up and down (mostly because big firms and big money tend to play nasdaq and not so much sub penny land) but a lot emotions get played in sub-penny land, and that is why a good pr can send a stock sky-rocketing and lack there of will dry up interest. You can look at the charts your self because I'm not going to post one, just look longer term.. 2009 gler was trading in the thousands per share. All I'm saying is that look for a pattern and play it, if you think looking at gler for the 2-4 hour range is good, then your probably a day trader trying to make some scratch. But if you look at the history of pump,hype and then plummet you will find it. You say your chart looks bullish but in reality it's that the MM's have moved on for now and volume is dry and it is moving side ways. Only thing not bringing the price down is the longs reluctance to sell, and the public not wanting to buy.
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