posted
Before I post anything about the technicals, I want to give people here a chance to mention them- I really want to see how much everyone here has learned about the technical indicators and see if I can learn something from you. A hint- there is a common pattern unfolding.
I will post what I believe is happening in a few hours, but I would like to see others here do some TA to see what your point of view is!
posted
I'll start by saying that the 13 and 20 day EMA are starting to converge to 0.04 which is a very good sign. When the 5, 13, and 20 day EMA's meet, we'll see a big break.
The stokes are nearing 80 and will hopefully maintain that high for longer than before.
MACD is still strong.
GLTA!
quote:Originally posted by cabbage22: Before I post anything about the technicals, I want to give people here a chance to mention them- I really want to see how much everyone here has learned about the technical indicators and see if I can learn something from you. A hint- there is a common pattern unfolding.
I will post what I believe is happening in a few hours, but I would like to see others here do some TA to see what your point of view is!
posted
Response to cabbage22: "Once the new site comes out, I am writing to TechTv..."
This is a great idea. I had mentioned this on RB before. If they(TechTV)like VG's not only will they profile it, they will continuous recommend it, for the topic of game rental.
The key thing is "if" they like it.
If VG's becomes recommended, there is their National Television exposure. People respond to their recommendations like they are the "almighty". Just look at TechTV's love of the brand TIVO. - Marty
posted
My 2 cents: We are constantly pinching the upper bollie and the triangle is narrowing. RSI about 65. Williams remain high (altough I don't know what Williams stand for but every breakout goes with a Williams high). Breakout must be near future, we all hope.
quote:Originally posted by cabbage22: Before I post anything about the technicals, I want to give people here a chance to mention them- I really want to see how much everyone here has learned about the technical indicators and see if I can learn something from you. A hint- there is a common pattern unfolding.
I will post what I believe is happening in a few hours, but I would like to see others here do some TA to see what your point of view is!
posted
As being new to investing I've been trying to learn what I can from all the great TA on this thread. Here's what I see (let me know if I'm close or way off).
In the last three months, the 5 day EMA reached the Upper Bollinger Band twice where each time it did, the stock price ran and reached a new high: first from about .015 to .035 and the next time from about .03 to almost .05. Currently the 5 day EMA is approaching the Upper Bollinger Band again where this time I would expect a run to .06 after they meet. Of course the expected news releases could have a more significant effect on the next new high.
j160e
quote:Originally posted by cabbage22: Before I post anything about the technicals, I want to give people here a chance to mention them- I really want to see how much everyone here has learned about the technical indicators and see if I can learn something from you. A hint- there is a common pattern unfolding.
I will post what I believe is happening in a few hours, but I would like to see others here do some TA to see what your point of view is!
[This message has been edited by j160e (edited December 30, 2003).]
quote:Originally posted by cabbage22: Before I post anything about the technicals, I want to give people here a chance to mention them- I really want to see how much everyone here has learned about the technical indicators and see if I can learn something from you. A hint- there is a common pattern unfolding.
I will post what I believe is happening in a few hours, but I would like to see others here do some TA to see what your point of view is!
posted
Guys, 2003 was my first trading/investing year and I need to file taxes for my 2003 trading activity for the first time. Can you guys recommend me a good site, service, or any tip to make this process easier? I don't even know where to start!
I made good money in 2003, now it's time to pay uncle Sam!
posted
You need to wait for your tax form from your broker before filing, but I do recommend getting your trades in line before then. If you did cut and dry trading, it will be simple, if you sold a little here and there, bought back averaged down blah blah blah it will be awful. I will be doing it for my 4th time this year, it only gets easier.
Suggestion, get the .txt file from ameritrade (assuming thats what you use) and open it up with Excel. You will have to specify how to seperate the data points (with commas) and it will put them into rows for you. This is a good base to start off. As far as the forms go, the IRS website has all the info you need, but I'm sure many here will be willing to help when the time comes
2) You need to understand The difference between Authorized shares, Issued/Outstanding Shares, and the Public Float
Authorized Shares are the total number of shares that the company is allowed to issue in total ( Most of these remain unissued at the moment, in ohterwords they dont exist right now )
Issued Shares are all the shares that are "out and about" so to say. Of these, the company CEO's and employees own some, consultants own some, and the public shareholders own some.
"The Float" are the shares that we watch trade every day. These represent about 43% of the Issued shares, and about 25-30% of the Authorized shares- fuzzy math.
The MM's cannot buy from the company unless they do a PPM, where they would have to hold the shares for 1 year
[This message has been edited by cabbage22 (edited December 30, 2003).]
remember that the boys from VG's are now getting paid as consultants via PGHI shares. So, as another poster has pointed out there will always be selling to coincide with buying. ALWAYS. - Marty
I may be a newbie at investing on my own but if you plan on doing your own taxes I would highly recommend TAX ACT software from Second Story Software CO. These people are the same people that originally wrote the Turbo Tax software before there Company was bought out software sold and the all lost there jobs. I know this because it all happened here in my home town and everyone around here has been using it for a couple years now. It is much more user freindly than TT it will also answer almost any questions you have. Hope this helps
quote:Originally posted by tommy: Guys, 2003 was my first trading/investing year and I need to file taxes for my 2003 trading activity for the first time. Can you guys recommend me a good site, service, or any tip to make this process easier? I don't even know where to start!
I made good money in 2003, now it's time to pay uncle Sam!
I may be a newbie at investing on my own but if you plan on doing your own taxes I would highly recommend TAX ACT software from Second Story Software CO. These people are the same people that originally wrote the Turbo Tax software before there Company was bought out software sold and the all lost there jobs. I know this because it all happened here in my home town and everyone around here has been using it for a couple years now. It is much more user freindly than TT it will also answer almost any questions you have. Hope this helps
This is from "proverbial" horse's mouth. I have referenced it quite a bit over the years and have found it very helpful if you are doing your own filing. - Marty
It almost feels like the first time I did a one handed unhook of a bra at a basement party in the 7th grade! It took so long to get it right that I thought I would explode but when I finally did it, I looked straight ahead and forgot about how hard it was to finally get there. Sorry if I offended anybody with the analogy but I thought most could relate. HAVE PATIENCE.....There is a clear pattern that has been happening for the past weeks and I believe it will end on January 2,2004. The big money traders have one more day to rid themselves of tax losses.The same people that need the tax losses are the ones that are making the big money.They are concentrating more on their losses which is a prudent thing to do, then buying at this juncture.So I believe we are not attracting that business right now.This should change drasitcally on January 2, 2004, conversely people that are trading for a quick profit are not going to sell so close to the end of the year when they can sell on Friday and not pay taxes on it in 2003.So I believe Friday will be the last time we will see 0.049.Once we reach January 5th the MM's will not be able to hold this down because this stock actually is unique in penny land,it has investors behind it.Do not lose sight of what you are holding and stay long hold your shares and you will not even think about your entry point.I believe the week of January 5,2004 will justify what the charts are saying.Right now I think Fleming is vacationing right in front of his new website with a fine tooth comb and a big smile on his face. JUST MY THOUGHTS!
quote:Originally posted by TRSTURGUT-18: PATIENCE!!!!!DON'T SELL!!!!
It almost feels like the first time I did a one handed unhook of a bra at a basement party in the 7th grade! It took so long to get it right that I thought I would explode but when I finally did it, I looked straight ahead and forgot about how hard it was to finally get there. Sorry if I offended anybody with the analogy but I thought most could relate. HAVE PATIENCE.....There is a clear pattern that has been happening for the past weeks and I believe it will end on January 2,2004. The big money traders have one more day to rid themselves of tax losses.The same people that need the tax losses are the ones that are making the big money.They are concentrating more on their losses which is a prudent thing to do, then buying at this juncture.So I believe we are not attracting that business right now.This should change drasitcally on January 2, 2004, conversely people that are trading for a quick profit are not going to sell so close to the end of the year when they can sell on Friday and not pay taxes on it in 2003.So I believe Friday will be the last time we will see 0.049.Once we reach January 5th the MM's will not be able to hold this down because this stock actually is unique in penny land,it has investors behind it.Do not lose sight of what you are holding and stay long hold your shares and you will not even think about your entry point.I believe the week of January 5,2004 will justify what the charts are saying.Right now I think Fleming is vacationing right in front of his new website with a fine tooth comb and a big smile on his face. JUST MY THOUGHTS!
TRSTURGUT-18
I do have to agree with your thoughts on the timming of events and some of the reasons that things are really going to start moving after the 5th.
I was playing a game of cat amd mouse with the MM's today. Everytime I would raise my bid on a large share take I was immediatly outbid by the MM's and believe that they were after the shares I could have purchased. This happened more than twice today which in part helped the upward move away from the lows. I was able to get a good amount of shares on partical fills before they could react fast enough.
The MM's are trying their best to buy your shares down. They are afraid that they have to cover their shorts when we start moving so it is a timming game. They also want to load up at the lowest price they can. These companies make as a hugh amount if they can save 1/10 of a cent on their purchases.
I was able to buy a good amount of shares today. I believe that I purchased away from the day traders or others selling part of their shares to gain profits.
I am in for the long run and do have some more cash to get a some more shares. I will purchase not at the lowest price but at a price to help keep the MM's scratching their heads
A couple of 1/10 of a cent will not make much of a difference when our price starts moving.
Don't be caught up too much trying to save 1/10
Good Luck to everyone holding PGHI for the long run
This is a pattern which is typical of very bullish stocks, and I believe PGHI is forming these very patterns. Please forgive the crude lines and text- ____________________________________________
I am not going to type all this out, VRTrader.com has a very good explaination which I will post here, and encourage all of you to read in detail. I will input PGHI specifics into the explaination in bold
One of the most reliable of all chart pattern formations in financial trading is the venerable "Cup & Handle". This classic signal is clearly seen as the side-view profile of a teacup with handle off to it's right.
Such a pattern is commonly formed when a market rallies to recent highs and then corrects 33 - 50%. Such corrections are normal for markets that have advanced considerably over the recent past.
Volume should decrease as the correction ends, signaling a lack of further downside pressure. Prices then advance near or back to the area of the previous high. This completes the profile of a cup from lip to lip as viewed from its side.
Around this time we look for a second pullback in price of 5 - 30% the size of this cup. The first handle formed for PGHI was in the beginning of December Greater declines than that signal the pattern has likely been nullified. Once the mini-correction stalls, prices continue to rise once again towards the previous mark.
Former price highs and recent price highs near each other form the cup. A slight decline and advance to both previous highs forms a handle as we draw a trend line across the tops. Such patterns become second nature to spot with a bit of practice.
This action occurs due to remaining buyers who rode the market from it's previous high to the bottom now looking to exit near breakeven. We assume the formation of the actual handle is proof that all weak hands who wanted out have sold and new buying will lead to further highs.
Formations that occur on daily charts over a few weeks time tend to have deeper cups and sharper handles. This due to compression of price action in a relatively brief period. Similar formations on weekly charts may appear more like a saucer than an actual cup. Such patterns create shallow bowls and longer handles but the results are the same: higher prices if the pattern completes.
Volume plays a big role for interpreting cup & handle patterns. We like to see volume increase as prices rise and decrease on any pull back. This proves buying strength is now the bias.
For completion of the pattern, price action needs to break out above the handle on higher-than-normal volume. Such bullish behavior proves selling is out of the way and new price highs are probable.This was the case with PGHI on the first cup, a breakout was underway and new highs were reached. The S-8 released that day scared many investors on the fear of dilution- not realizing that the shares are authorized, not issued, and thwarted the breakout into a new cup formation.
posted
"Don't be caught up too much trying to save 1/10" magoo
I agree with you 100%. As you put it in your post, when this gets moving you will not be worrying about tenth of a cent. And if it starts moving without the amount of shares you wished you(another user) had, then you will be worrying!
Good luck to all those who are on the sidelines watching and waiting to get in.
This is not a hype, this is for real and if you have been reading all the posts on this thread, PGHI is going to move and when it does it is going to move fast. - Marty
posted
Hi, I couldn't watch trading today, so I missed the level II activity..( maybe I didn't miss so much) What I'd like to ask is why they can't bring the price down...(less then .04) We just saw high .02's two weeks ago..Why don't they bring the price down, and scare people?? They don't, because they can't!!!There are so many people waiting here to buy more if it drops...And there aren't available shares to be sold at these levels!!!!Demand exceeds supply dramatically when the price drops below .035..Since there isn't any news yet, they are trying to take advantage of it..Today they managed to get 500K @ .04..Good for them..Hang in there crew...Our time will come!!
I like you am not a chart reader it is not what I do well.I will make you a deal if you get me chart reading lessons I will in return get you typing lessons.I also do not look for the cheapest price but look for a price that will make me comfortable.I have made purchases at the end of the day at a higher price to keep the a stock at a certain level.A small price to pay in the long run.Hope your trip to Kentucky goes well.Let me know if the man has a good handshake , looks you square in the eye , and if his hands have seen some hard labor.
posted
No problem TRST- I did promise everyone some DD, I realize most people here have jobs they need to go to in the morning. I am on vacation until the 20th, plus I enjoy this. The only thing I regret are the 3 previous years I spent not on this message board where I could've been learning, helping others, and having a great time doing it.
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I like you am not a chart reader it is not what I do well.I will make you a deal if you get me chart reading lessons I will in return get you typing lessons.I also do not look for the cheapest price but look for a price that will make me comfortable.I have made purchases at the end of the day at a higher price to keep the a stock at a certain level.A small price to pay in the long run.Hope your trip to Kentucky goes well.Let me know if the man has a good handshake , looks you square in the eye , and if his hands have seen some hard labor.
TRSTURGUT-18
Thanks for mthe kind words about my typing skills. Guess when you don't type very often my two finger posts sometimes find the wrong key.
I am trying to meet up with John Flemming on my east coast trip. If the timming dose not work out with him then I will make a special trip when he is available. Guess I will find out about that after he gets back off vacation.
In any case good to be part of our group which seems to be growing day by day.
I'm a newbie here. That applies to this stock and investing in general. First of all, I want to thank everyone on this board and even the RB board (it seems to be cleaning up again)for tons of info that has reduced my learning curve dramatically. I also wanted to disclose that I own about 180K shares of PGHI accumulated from .026 - .04 Every time I sell other stocks I get excited and buy more PGHI!
This company really looks great. I mean with the great management they have I don't see how it can fail. As long as the new site looks good. And I would assume JF knows that as well. Hopefully, he will follow the example Netflix has set and create a easy to use, simple but attractive site.
Right now the Veegeez site has too much going on and it's too bleak. And what's the deal with the hologram on the bottom right of the home page. That's one thing that really confuses me. I know that the designer is working hard on the new site but how hard would it be to fix that big zit on the face?!?! I think it looks bad and unprofessional. Who wants to subscribe to a company when their site has errors, much less looks bad.
Anyway, I just had to get that off my chest. Sorry for posting a novel.
In summary, the company looks great overall and appears to be a can't miss investment. I'm holding very long for $10+
posted
Cabbage your post on the "cup and handle" analysis is GREAT! You can meet many smart people in life (and dumb ones too) but you are a smart cookie who can also teach his knowledge in an easy-to-understand fashion.
Keep it up!
I wish this board had a print option for each individual post.
So I suppose we will be having many tea parties in the future @ the PGHI tea shop!
quote:Originally posted by raven76: Hi, I couldn't watch trading today, so I missed the level II activity..( maybe I didn't miss so much) What I'd like to ask is why they can't bring the price down...(less then .04) We just saw high .02's two weeks ago..Why don't they bring the price down, and scare people?? They don't, because they can't!!!There are so many people waiting here to buy more if it drops...And there aren't available shares to be sold at these levels!!!!Demand exceeds supply dramatically when the price drops below .035..Since there isn't any news yet, they are trying to take advantage of it..Today they managed to get 500K @ .04..Good for them..Hang in there crew...Our time will come!!
GL
Raven,
Thank you for answering one of the questions that has been burning inside me for the last few days. Why haven't they brought this stock down below .039 to shake out the weak hands?
Clearly we can see that this stock has attracted major attention. This Allstocks thread is HUGE.. It stands out like a skyscraper next to a bunch of rowhouses. If this were all hype, I'd expect the MM's would love an opportunity to scare off the weak hands who have opted to jump on the bandwagon.
Trusturgut also addressed the year end / tax loss issue quite articulately. I agree that there would be many who might love to jump on this puppy after the new year begins with money from 04' stock sales.
However you slice it, this stock looks very promising.
posted
"If your printer does not support that option then highlght the post, copy it and paste it into Notepad, then print it from there."
COOLORANGE, I should have said that if you copy and paste it into Notepad you'll only get text and not the graphs. If you want to get everything then paste it into Word.
UBBFriend: Email this page to someone!
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