Replies to post #62094 on Sulja Bros. Building Supplies, Ltd (SLJB)

[pennyjunkie]

Good point about red paint...
MMs are constantly bending charts in their direction. It's tough to win this game when they can turn the momentum off and on so easily. I have to agree that some indicators are virtually useless in this manipulated environment.

[opportunistically]

Penny_TA: Great posts about the charts, I agree 100%. I am constantly being asked about the chart TA daily by colleagues - but ultimately, the 'experience factor' is the one I keep going back to: "been here before, seen it before, waited for the move upwards before and profited big-time before". When I didn't wait (and sold too early based on 'painted' indicators such as CMF, etc), I've missed big runs. So when I look past the smoke that MMs typically create and wait patiently, I win the prize ...

Wouldn't want it any other way - sudden share price moves to the upside, without a subsequent retracement shakeout (consolidation) period and float turnover that we are seeing now, are usually followed by an equally fast downward crash. The chart and trading pattern we are seeing now in SLJB are all VERY positive, from a TA standpoint (and for a pink sheet stock), IMHO.

Appreciate your posts, GLTY
Opp

[ced70]

I like the chart comparison too. What are you thinking a buck or so based off of those others? Just looking at the others there are none that turned less than a 10 bagger or at least close to it.