Replies to post #67734 on Mike Lindell Media Corp (MLMC)

[Relentless Despot]

LOL... go to stockcharts.com and read the chart school page.

[lesnshawn]

simba1: If I may, from a chart novice learning from examples given, charts are not to predict as much future price targets but rather give guidance as to when are favorable times to buy and sell. That's it. It's all based off of mathematics (some very complex) and is all historically based. No one or thing can acurately predict the future, but only give guidance.

In other words, a chill is in the air and clouds are moving in...good chance it might rain. See, only guidance, same concept.

[jrod]

1 rule. "The trend continues until broken" The chart is for following the trends and spotting reversals of as well as measuring the strength of. I never predict...I only do what the chart suggests conserning trends. These trends continue because they are the perfect representation of the buying habits of people (supply and demand). People buy and sell in waves...ALWAYS!!!!

Why am I telling you this??? You are obviously not willing to go learn for yourself.

Please do not post to me again as I will not respond to any of your posts.....the info is there but you dont read it, but you are more than willing to bash something you know nothing about.

I dispise this attitude and and have no respect for you as such.

[JDs Stocks]

Hi simba1,

I've written a similar post in the past and feel it necessary to reprise.

Penny stocks are not fully transparent; consequently, the SP of a penny stock is subject to MM manipulation, trader group manipulation, naked shorting, dilution, panic selling, reverse splitting, PRs, NRs, and various other events that are completely out of the chartist's hands.

Although technical analysis may not be as reliable on penny stocks as it is with higher exchanges, it does offer insight to all stocks. TA is merely a reflection of the stock's price trend. It is to be used as a guide to possible entry, exit, support, and resistance points.

I'm not an excellent technical analyst, and I suspect that the majority of posters on this board are not as well; therefore, we rely on the charts and advice of those more learned chartists willing to offer their knowledge to us. We still have to make our own decisions as to trade/invest this or any stock. I don't believe that the legitimate chartists on this board intend on manipulating the stock for their own personal gain. They merely suggest their investing tactics according to what they read from their chart. I hate to see several of them have to defend themselves to others that have very little or no TA knowledge.

I've been an iHub member since the end of June, and during that time I've come across several noteworthy chartists. So far, I've interacted with or trust the following: 4godnwv, chartinator, dart1961, fringe_remnant, glassy, i_like_bb_stock, jrod, kgoodrich, Relentless Despot, and Stock Analyzer. I believe those chartists read charts to the best of their ability and have everyone's best intentions in mind.

I know several posters have expressed their disdain for charts on penny stocks. They suggest going by fundamentals or momentum. That's fine. I have no problem with those posters. In fact, I implore everyone to do your own DD, TA, FA, and use it to make your own decisions when day trading, swing trading, or investing stock. Don't simply rely on other's insight to base your decisions. If you do decide to use someone else's insight, use discretion. Weed out individuals that you deem deceptive and only rely on those that you can trust.

Your discretion is your own.

GLTY,

J.D.