Hang in there and good luck. I personally have had little luck in penny stocks. The money I have made has been in the higher priced stocks. I was going to invest into bank of america last year. It was around $5. I postponed my buyin to see if it would drop more. It never did. It's around $12 now.
I've missed out on some big opportunities by selling to soon and lost money selling too late. you just never know.
I know this guy who invested his life savings, mortgaged his house and took money out on his retirement to invest in a penny stock his brother in law recommended as a sure thing. Well it wasn't and he lost it all. To top that off, he lost his job to to outsourcing and then his wife left him. poor guy.
VUME Chart.......Riding MA(10) @ 0.049 resistance line.......once this level breaks w/ a close above it'll be major SHOWTIME........think USGT yesterday.......it'll be a very quick pop when MA(10) breaks.......
Parabolic SAR got as close as it gets to flipping to a Buy signal yesterday.......the red candle averted the flip as well as today's red candle, but it's as close to flipping as it gets........
SAR means Stop & Reverse......orange dots above mean Sell & orange dots below mean Buy in lay man's terms.......the day the SAR flips is the best day to make a move.......it's a very strong signal that the direction is ready to change.......checkout SLIO's 1 hr. chart today.......SAR flipped to a buy signal.........
Today's candle for VUME would be considered either an inverted hammer or a gravestone Doji........both of these candles when formed @ a Bottom signal a reversal.........
VUME is set up to run.......once MA(10) resistance breaks the next resistance level is MA(20)/Middle Bollinger Band @ 0.061.......
When VUME closes above MA(20)/Middle BB it will signal the start of a new run........been watching VUME like an Osprey for a month now waiting for MA(10) resistance to break.......
Remember, stalk your prey & wait until the absolute best time to swoop in for the kill/buy...........
VUME on break MA(10) & make the big move everyone has been waiting for radar......$$$$
My suggestion to people currently holding VUME is to it your sell orders above MA(20).......that way they can't be used against you and it will help set the market maker target.......(never hurts to be proactive)....
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