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chart guy

05/19/10 4:44 PM

#26767 RE: Dragon5 #26765

why are there no stops? You may get a bad fill, but you still implement one. Most stops are better set up as MENTAL ones anyways, i find in my experience.

Technical Analysis is like that, you like it at one price, but hate it at another. I have no knowledge of the fundamentals of this co. so I trade purely on price levels. To me, if it breaks below 0.0014, the TA tells me its going lower, so I would dump, and wait for the next support level to consider getting long again. From the chart that seems to be around $0.0007

ALL IMHO!
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Drax Tracks

05/19/10 5:28 PM

#26772 RE: Dragon5 #26765

It took six separate fills to fill my one million order at the ask of 0.0015 over a hour and ten minutes as i recall. One fill was a 5000 fill which probably means the mm was looking for shares to fill my order. I do believe that shares are getting harder to find at that level. For some reason they are holding the dragon back,probably so there buddies can cover there short position. imo this is getting ready to make a move to 0.0030 levels. I think frank is doing exactly what needs to be done to build his company. I personally believe big money will be there for all of us longs to share when the world gets out of the turmoil its in,i for one am willing to wait.
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bax

05/20/10 12:02 PM

#26799 RE: Dragon5 #26765

I would say it is time to buy if it goes that low. This will not be going up much any time soon. It will fly if the next quarterly revenue numbers show the growth we expect now that inventory levels are pretty high and we now have added more stores.

I just hope that the men in charge don't ever change their mind and burn us with an R/S of any kind. Until I ride free share, that will always be a concern with a pinky that is not making money yet.

Bax