posted
This may sound odd but I don't want it to gain anymore today unless it is to break out. Slow and steady and we will not have another day like yesterday.
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Good call It did bounce off .15 twice this year. But I think it may be able to blow thru it. Also the 50 and 200 MA are going to cross Monday Like you mentioned. so madey the hardcore tech guys will jump in at that time.
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I wounder if that was the bounce off of .169 that we where waitng for? Will keep a eye on it for the rest of the day but feel the run maybe over.
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FISHSITX
unregistered
posted
Did it bounce off the top of the Chennal this morning? I will keep a eye on it but may sell today.
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You busted me cold bubba....Wednesday's candle scared me off. &^%$#&!!!!!! I did make bank though and that's better than a loss anyday....Congrats to you and the others that held....Nice tradin'!....I just played this one too conservative but I'm learning LOL . I'm watching at this point...if it dips in the 12s I'll try again. Bet it won't though based on the confirmation it painted today.....looks like it wil head north to me.
Take a look at IMNY and BFLY for Monday....both look ready to run....BFLY had a nice bullish confirmation today on slightly better than average volume. I'm in at 2.38 and looking for the fours. This is a low floater...it moves quick...also look at the 1 yr chart...holidays are coming.
IMNY has posted two hammers in a down trend. Looks like a reversal is imminent (SP?). In at 1.42....hoping to continue the channel to the mid twos.
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hey RAPT, good job making bank! Don't get stuck with the bag. personally, i don't do candles. other than for suppor or resistance. others love it....
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Thanks Keith...I'm curious...I've watched your picks for sometime now...you're good. If not the Candle T/A, what do you use to make your decisions?... MACD...Stos...??/
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I am looking to sell half at .20 if/when we get there and see where it goes from their with the other half.
And Rapt I kept a eye on the chennel and since it did't break that it made it easier to hold. But bank is better than nothing I could talk all day about not taking bank and losing in the end, it is always much safer to take your gains while you can. Which is something I am still learning.
Great close today here Monday should be fun to bad I will be at work all day.
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Raptor I have been trying to make heads or tails out of stocks since January and the reason I am down is because I didn't sell when I had a nice profit. Or I got board and sold early, MBAH is one that I had at .035 and sold the morning it started to take off. And Qbid I sold 2 weeks before the 10 bagger run. Just learn to use the TA and talk with traders like Keith who really know their stuff and you will catch on sooner or later. Also go to diffrent boards and get diffrent points of views on trading. you will never go broke taking a profit.
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Looking at the chart and drawing some lines we could bounce off of the top of the chennal Monday and then head back down to the lower part of the chennal. So if it stalls out Monday I am selling off and hoping to get back in lower. Anyone else think this? On the otherhand if we see news Monday it could bust through the top of the chennal and who knows where it will go.
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SoftNet Technology Increases December and 4th Quarter Projections by 100% - Today Will File 10Q for 3rd Quarter 2004 Business Wire - November 22, 2004 09:01
BERNARDSVILLE, N.J., Nov 22, 2004 (BUSINESS WIRE) -- SoftNet Technology (OTCBB Symbol:STTC) (German WKN#: A0B7RZ) is pleased to announce today that WholesaleByUs, LLC (WBU) has increased daily sales enough for the Company to increase projected sales for December 100% from $150,000 to $300,000. 4th quarter projections are also being increased from $250,000 to approximately $500,000.
The Company originally projected sales at $75,000 for November and then just about one week ago increased them for a second time to $150,000. Based on past performance, sales in December are expected to approximately double November sales. However, STTC management wanted to wait at least a few days after increasing the November figures to see if sales held form before committing to an increase for December to $300,000.
Based on this second increase in sales estimates, it is now expected that STTC will generate approximately $500,000 in revenue for the 4th quarter of this year. This is approximately a 100% increase from original estimates. This increase will also represent almost a 700% increase over revenue of approximately $71,000 generated in the 3rd quarter of 2004.
Third quarter sales were slightly lower than expected due to the move to a new facility in Phoenix, Arizona in September of this year. However, this move has enabled WBU to outperform all original sales estimates here in the 4th quarter. STTC management is in the process of adjusting original projections of $3,000,000 for the 2005 fiscal year upwards. STTC will provide revised expectations for 2005 once these new estimates can be generated from the continued flow of revenue data.
SoftNet Technology is also in the process of putting in place new procedures that should enable for a much quicker filing of the year-end 10K. The Company will attempt to have the 10K filed by the end of January. STTC Management wants the financial information given to the market as quickly as possible due to the large increase in operating revenue experienced in the fourth quarter. These quicker filings are expected to be the norm for STTC going forward.
Please visit our website at www.softnettechnology.com for more information or call the company directly at 866-898-4842 (local - 908-204-9911) James M. Farinella, CEO.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp (STTC) may differ materially from these statement due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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