quote:Originally posted by jdizz: lock whats your perspecive on what will happen in the next 2 weekes with the split coming?
jdizz, I don't like to hold r/s stocks. I like to sell and look to buy back in after split. I've heard the we want to r/s so the price is higher and we can move up to nasdaq, never seen it happen. Play this like a flip cause that's all your going to see until the r/s. imo
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Stay away! Unless you can play the bounces correctly, don't buy this pos.
And this stock going to the NASDAQ? Will never happen. Companies on the NASDAQ need to meet certain requirements and this pos company does not and will not.
Stock will fade even lower until the R/S date.
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quote:Originally posted by beerlady: lockman...im not a chart reader, could you let me know what you are seeing?
Lots of bearish signals:
RSI falling towards 30 under 30 would signal an oversold condition. PPO dropped below 0 ADX Green line dropped below black line and has now crossed below red. If you look at ADX, when green crosses thru black on it's way up it signals an upward trend. This has bad news. See if you can exit and wait until after the r/s. Wait a day or two after the r/s and see if the company starts dilution if they do it will fall from the new pps. This is all jmo.
Looks like a support level at .08. Below that and it's a free fall.
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