Replies to post #30336 on InCapta Inc (INCT)

[mastaflash]

I'm not a chartist, but I'll weigh in...

I think it comes down to how wide the interest is in stock. When you have lots of trades from across the spectrum, you tend to get a sense of the sentiment around a stock ( as in stats, the more samples you have the better your estimate ). Then I think analizing charts has it uses, but only in conjuction with all other info. A good example would be JPHC which has alot of eyes o n it. After a runup on news, it settled down to a base of 0.001 and by looking at bounces off of that with volume, one can infer that it will continue to stay above that as it consolidates. Use that as a basis for further DD, then pick your entry. In short, one can cautiously use charts with quality pinks, in conjuction with other DD I believe. For the most part though, what goes up will almost certainly come down in short order in pinky land so charts are of little use.

all IMO

masta

[martyMAC]

hocus-pocus? Holy smokes Batman !!

Well, you know I’m pretty new to studying charts and I learn from Ken Goodrich over on the Seasonality Board. We study things that Ken has named like the “Magic Box,” “Knights Crossing,” and “Fairy Square.” Sounds funny I know.

WARNING OF CAUTION : (You will only find kind, astute, and friendly people on these boards)

http://www.investorshub.com/boards/board.asp?board_id=1616

http://www.investorshub.com/boards/board.asp?board_id=3424

Let’s take the Magic Box for an example.
http://home.cinci.rr.com/kgoodrich/Magic%20Box.doc

It’s absolutely AMAZING when you see these setups while scanning charts how the PPS shoot up. No coincidence

So hocus-pocus? I went from an emotional investor to getting into positions with much, much more confidence. If you’re interested in learning Ken will welcome you with open arms. Here is his public site: http://www.stockseasonality.com/index.html

Look at the GZFX magic box that formed on or around Sept 13-14 and see how it really jumped. I think the lower Bollinger is racing upward NOW and perhaps we’ll see another confirmation

I’m a very visual person and I used to look at a chart and think someone just had a heart attack. NOW when I look, I see things VERY evident. T/A is not for everyone; but for me, it’s better than a Tobin Smith pick, or a friend of a friend method of taking a position in a particular stock. It doesn't matter if it's a penny or on the big board... the same principles apply :)

Again, not for everyone… heehaw

Peace.

[simplegreen]

OT: I will be around for a rebuttal Xan...When I get wrapped up here....Simple

[PowerPole]

xanadu...As a Confirmed Chartaholic...

I will say that YES charts absolutely work, even with Pinkies and BB stocks IF the average daily Volume is as high as GZFX's...

I look for at least 10-15MM shares traded per day on ANY of the stocks I play, it doesn't matter what Exchange they are listed on...RBAK is the Only exception I have to that rule.

Charts do NOT work well for very low volume stocks...

I LIVE BY my charts, and they keep me out of a LOT of trouble, and they give me Great entry and exit points!

The important thing to remember is: That Charts are usually only good predictors of forward looking events about 75-80% of the time. But I'd rather use them and be right 3 out of 4 times, than to be 'Guessing' all the time...

But, there is more to the Market than just charts...
Charts are just ONE of the Many tools a savy investor has at his/her disposal...

It is also very important to know how to read a SEC Filing:
http://finance.yahoo.com/q/sec?s=GZFX.OB

And to be on alert for PR's:
http://finance.yahoo.com/q/h?s=GZFX.OB
I have three trading accounts with different companies, and receive many news alerts a day from them on my stocks.

It's a good idea to know what the insiders are doing with their shares: http://finance.yahoo.com/q/it?s=GZFX.OB

Tracking Institutional Buying and Selling also helps:
I go to: http://www.nasdaq.com and on the left menu bar click on 'Holdings Summary', then type in the ticker symbol to see if there are any recent changes. (the link to that page is too long, and won't work if I post it here).

Knowing how to read a balance sheet is also helpful:
http://finance.yahoo.com/q/bs?s=GZFX.OB&annual

Key Statistics are also interesting, especially for GZFX:
http://finance.yahoo.com/q/ks?s=GZFX.OB

If I didn't BELIEVE in 'Possibility' of this Company being a SUCCESS, these figures would have kept me from Buying it. Numbers like these are not unusual in BB land...

Knowing how to judge the sentiment on the message boards your stock is on is helpful too...When there is 'Irrational Exuberance', it may really be a good time to Sell. When there is 'Extreme Negativity', I usually look to see if it's a good time to Buy.

Personally, I think GZFX is a good investment at this time, because they have a Great Opportunity here with CC...That's why I own over 1MM shares, and am proud to be called a 'LONG'!