posted
There's a new kid on the block in the online video rental world. -Billboard Magazine
Posts: 128 | From: New York | Registered: Dec 2003
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posted
Well, there's one thing I can say I'm happy about after this rough week. At this level (which will be temporary), I increased my position by 50K. I hope others who could, did the same. This really could be the last time we are this low. Patience will be rewarded.
Posts: 215 | From: MA | Registered: Dec 2003
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quote:Originally posted by sopclod: February was suppoed to be the month too.
You're kidding right? GZFX goes from a range of .038-.068 in Jan to .059-.12 in Feb and you don't call that a good month?? What other stocks are you invested in right now, maybe I'm missing out on more than ~100% profit in 30 days? Sheesh. Can't please everyone apparently.
posted
Nothing in the market goes up without coming down. It's called consolidation. We formed a nice candle yesterday and another one today, reinforcing the fact that we should be turning up. Monday, if that fricking MM View will get off the ASK, we should show a nice climb.
Here is an interesting article on Naked Shorting that I got from "someplace else" and shows just exactly how naked shorting really works and how the big crime families in the US are getting filthy rich ... stealing from us, the ones who invest in the small OTCBB companies, and are driving said companies out of business. Read it and weap, because so far the gutless SEC isn't doing anything to stop it. Makes you wonder if they aren't on SOMEONES payroll, doesn't it? http://sanantonio.bizjournals.com/sanantonio/stories/2004/02/02/story1.html
posted
GREAT article (well a great read at least, the facts are somewhat disheartening). There is NO QUESTION that at least some if not all of this recent decline in price has been due to naked shorting.
The market-maker "VIEW" was pretty much sitting on the ASK ALL DAY today making it very hard for the price to move upward.
Well until the naked shorting rule comes into effect (which will HOPEFULLY stop a lot of this), the only way we can beat the MMs shorting GZFX is to get more people to buy the stock!
I've increased my position and this would be a great time to tell those friends and relatives that missed the first run-up to get back in at the "bottom"! We'll make the MMs regret ever shorting our stock!!!
We are still following the ascending triangle, cup & handle formation. Our last breakout was past the resistence of .06, which carried us to new highs along with very exciting news.
The previous breakout point becomes the strongest support level in this pattern.
We formed a triple top, instead of the usual M-type top, which shows the buying pressure on the up swings is getting more aggressive. Consolidation was needed at these levels as we strayed from the 20 EMA for almost a full month. With such a bullish run, the correction needed to be equally strong.
The .06 base is very strong, and is shown by the 50, but more precise 60 EMA.
Stochastics are showing very very oversold at these levels. We may be in this range for a few more days, but not for very long. Buying pressure is very strong, and anyone watching L2 can see the wide range of Market Makers coming into play.
RSI is starting to turn up, a good indication of mid to long term momentum change.
MACD, though not shown on the chart has appeared to complete its divergence, and will turn and start to converge in the coming days, signaling a reversal.
The amount of volume in the past two days was all on positive spikes or flat price movement. This is an accumulation pattern.
The key resistence point is .10, assuming the pattern continues we should have a gradual climb to this level, and bounce down possibly to .08
Any significant news releases during this time will speed up the process, and increase the volume resulting in more volitile price swings.
>>>>
Since I'm a technical analyst at heart, I am waiting for stokes to cross above 20. I likely will not get the best price, but by waiting I am increasing the likelihood of "geezee" (my nickname for the stock)moving.
For those who don't yet realize this- Monday is the first day of MARCH
GLTA
------------------ cabbage22 - thank technical analysis for God
[This message has been edited by cabbage22 (edited February 28, 2004).]
posted
No problem Johnny, I enjoy showing people how to embrace technicals and apply them to their investments. It seems everytime we go through consolidation people freak out- what they don't understand is that consolidation is needed to continue the uptrend.
There are many others here that can contribute to the TA, and that I've gained some insight from.
With our current situation, when the cup is complete the next projected breakout should be in the range of .15-.16, however that may not be until mid March
quote:Originally posted by fozzy: You're kidding right? GZFX goes from a range of .038-.068 in Jan to .059-.12 in Feb and you don't call that a good month?? What other stocks are you invested in right now, maybe I'm missing out on more than ~100% profit in 30 days? Sheesh. Can't please everyone apparently.
PGHI opened on Feb 2 at 0.075 and closed on Feb 27 at 0.064.
[This message has been edited by sopclod (edited March 01, 2004).]
posted
the MOOse is IN... .059 at 200,000 shares... so what would everyone say the next resistance level is? ... from the chart my guess would be about .08 but I'm very new to this ... so if anyone has any insight into how i can learn about reading charts and determining resistance levels, or even any good research sites... I'd love to hear em... mrmoose63@hotmail.com thanks guyS! these boards RULE
Posts: 78 | Registered: Feb 2004
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posted
I already wrote we lost trend support - next is at 0.04 and then 0.025
quote:Originally posted by MrMoose: the MOOse is IN... .059 at 200,000 shares... so what would everyone say the next resistance level is? ... from the chart my guess would be about .08 but I'm very new to this ... so if anyone has any insight into how i can learn about reading charts and determining resistance levels, or even any good research sites... I'd love to hear em... mrmoose63@hotmail.com thanks guyS! these boards RULE
quote:Originally posted by EverGreen: I already wrote we lost trend support - next is at 0.04 and then 0.025
If we were just going by techs, yes that would make sense...however... with rumor of news up and coming, and when news is released the stock will climb and continue to climb. IMO it will not reach those support levels before rumor really starts catching on and driving price up...even tho it sucks right now to be red.
Posts: 839 | From: Muncie, IN 47304 | Registered: Nov 2003
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Id rather catch this on the way up than on the way down. I got out at .092 and .082 and set the funds aside because when it turns it will go quick and you wont have time to sell off another position to get in
------------------ Realperson
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
GUYS - LOOK AT WHAT HAPPENED ...YOU KNOW HOW GNET HAS BEEN ALL OVER THE ASK TAKING IT DOWN...WELL IT SEEMS AS THOUGH HE WANTED TO GET IT DOWN TO .05 FOR HIS FRIENDS TO BUY..IT TOUCHED .05 AND GNET LEFT AND IS NOW NOWHERE TO BE FOUND...THIS IS GREAT NEWS. GNET IS GONE!!! TIME TO GO UP
Posts: 101 | From: Summit, NJ | Registered: Jan 2004
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posted
What Im trying to say is that the reason this stock has gone down 100% (GNET) is gone. Ive seen this happen before he took it down to .05 on purpose so everyone he know can buy in----amazing you had to see level 2 for the past week or so to see it...But he is gone now leaving this baby to go nowwhere but up... I just bought in waiting for this exact scenario...I told myself not to buy until GNET dissapears...It ight just close in the green today
Posts: 101 | From: Summit, NJ | Registered: Jan 2004
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Before you bust a nut, what about VIEW? They have been doing this the whole week. More so than GNET. What I am saying is there is more than one MM doing this. I wouldn't start saying the sky is clear cause it is not. There are several MM's doing this. Mac
Posts: 145 | From: Seattle, WA 98125 | Registered: Jan 2004
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posted
NO Gnet was the one always bringing it down. View always kept his order at 50 GNET had it at 999 most of the time....Besides VIEW is at .063!!!!
Posts: 101 | From: Summit, NJ | Registered: Jan 2004
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posted
The MM TCDM is in on the scam also if you were paying attention. This is not over. Mac
Posts: 145 | From: Seattle, WA 98125 | Registered: Jan 2004
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