Replies to post #174705 on Cascadia Investments (CDIV)

[arvitar]

Sorry but don't almost all pinky's have crappy fundamentals..

Yes. That's why most people, including those applying standard textbook technical analysis trying to identify "chart plays", lose money on sub-penny stocks.

I'm talking about chart plays with you guys..

And? I'm talking about why this notion isn't meaningful for stocks like CDIV. If elementary technical analysis actually worked better than random chance, then it would be a simple matter for anyone to use it to identify "chart plays" amongst crappy sub-penny stocks like CDIV, and make piles of money.

I have yet to see anyone capable of identifying "chart plays" in sub-penny stocks like CDIV any better than if they were basing their guesses on random coin tosses.

Just search this board for all the thousands of messages by people claiming that the chart was telling them this baby was about to explode. The only predictive pattern here was the long rise while Monk was posting every 60 seconds on this board running his Pump-&-Dump, and the long ongoing drop that started from the day he vanished.

[ctrumabll]

"Chart Plays" have extremely limited relevance when one is looking at a thinly traded stock that is: 1) practically nonexistent as a company; and 2) on the back end of a pump n' dump.

Expect the slide to continue.