This is more of a promo play insetad of a chart play. If they end the promo now, then yes it will keep going down, but I don't think the promo is over yet.
ripdog the post below was intended for you last night. (if you bought at .44) As a Newbie with only 3 weeks experience I saw that you were taken in by one of the "respected" posters on the board. Respected does not mean competent, try not to get that confused in the future.
dude iligence Member Profile dude iligence
Share Wednesday, June 13, 2012 2:07:58 AM Re: None Tweet Post # of 8868 AGRT pps only 1 day close above the 50ma high of .69, three days later it is down 50% with the low today of .33 negative divergence well below descending 50ma. previous lows in May .09 then .12 you draw the line and see the likely targets well below the current price. The bounces are Ok plays at best if you got in at the bottom.
I don't see anything in the chart that is going to reverse the downward momentum. If you bought it today at .44 ask yourself Why? Don't let the encouragement of some of the other posters suck you into becoming a bagholder. This play is not going the direction that was planned, hoped promised in promo land. The best advice I can offer is get out.
---------- Here's the response I got last night before the big drop today.
stockyard10 has replied to a post you made on AGR Tools, Inc. on Investors Hub: This is more of a promo play insetad of a chart play. If they end the promo now, then yes it will keep going down, but I don't think the promo is over yet.
Wait a minute every penny stock is a promo play some are just pumped with a whole lot more air then others. Nothing has changed and the promo guys can't pump up what's not going to go up no matter how hard they try. Just look at the Mercedes news on the big Promo play today that barely budged and anemic volume. That's a promo play not a chart play. It's not that its a chart play the chart just lets you see how to play the promo play.
ripdog and anyone that wants to learn something.
Take the chart print it and lay a straight edge right on the .09 .12 lows from May. then draw the line and see that it intersects the meat of todays drop right around the initial .22 level. This it the lower level of the trend line. Those that say today's drop could not be anticipated HOGWASH. If you can read a chart it was easy to see. So easy that I had a GTC buy at .22 since 6/1/12
Date Order #22 Type Order Summary Price Executed Status Related Links Order Type Quantity (Exec / Entered) Symbol Price Type Term Price 06/01/12 22 Stock Buy 45,000 AGRT
Limit GTC 0.22
It was filled on the initial drop I then bought more at .18. These are bounce play shares nothing more nothing less.
This will be my only post today. I'm only allowed one post a day on this board and I've been banned from the Big Promo Play board. I find the censorship on I-Hub to be stifling and will eventually lead to its downfall. Ripdog sorry for the loss you will incur on AGRT. When the bounce comes sell and do yourself a favor and don't listen to the respected and clueless one.