If you go back you will see where I posted that there is an email promoter that has picked up on TAUG. Xtream Penny Stocks began an NON SPONSORED email promotion of this a few weeks back.. on Friday the alerted their followers again and reminded them that many were up over 300% on the pick.
This is where the flipping comes from... not meant as a slam, but in penny stocks thats were charting can get you into trouble.. you spend so much time on the meaning behind the chart you lose sight of what happens in the trading circles.
Big board stocks are NEVER influenced by message boards or email promotions. ( They are manipulated by hedge funds and the very wealthy. Who are often caught and sent to prison because the SEC actually cares what goes on with the big boards, no so much down here. ) So what your reading on a chart for a big board stock is extremely accurate. Penny stock are not that way, they are bought and sold by mass groups all the time. Several here at the hub make a great living at it... they dont read charts they create buys and sells that dictate what the chart will say the next day... people get all excited over it and then find out it take a turn downward when it should be going up according to the chart...because it was manipulated. Just as MM and groups can manipulate the price on a day to day basis, they can also manipulate the chart. Dont be fooled into thinking that groups dont make it a part of their strategy to have a chart look bullish so they can then turn on it and sell off while the folks following the chart buy into the "Golden Cross" or the over sold RSI as an example. With prices in the pennys its easy and cheap to buy enough shares to make the chart show what someone wants it to. If I buy a charts appearance for $20,000.00 and then create a sell off that generates me $50,000.00 thats a profit of $30 grand. Not bad for a couple weeks worth of properly placed buying and selling. To my point if there is a Golden Cross on a big board stock, with in a day or two it will move on it... when a OTC stock has a golden cross show up its a 50-50 chance of anything happening.
So its very important to keep all of the information at your finger tips when dealing with a stock like TAUG. Outside forces like Xtream Penny stocks can have a major effect on what goes on...just as they did on Friday... you can bet that a ton of that selling was from the folks at Xtream who were up well over 300% on Friday.
In the long run the good ones like TAUG can over power the influence and make it out of the games and into the world where charts and honest stock buying and selling is what its all about. We are very close to being at that point with TAUG.
