posted
Wow, i'm gone from the computer for a couple of hours and seems like everyone lost their heads. I hope all of the dust has settled. I'm just looking at the charts and they seem ready for a possible breakout. There's been more volume today than there has been for the last several days and the RSI is back down to 51. Call me silly but everything right now seems ready for the PR. JMO
-------------------- Making money... one penny at a time Posts: 240 | From: Deep in the Heart of Texas | Registered: Jul 2005
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posted
same here. i hope people know things that we dont because this thing looks like it is ready to burst.
Posts: 70 | From: Lorton, VA | Registered: Jul 2005
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posted
What has me wondering is we have not seen that sell off and big drop. This has held up at these levels now for weeks. It tried to drop a few times but doesn't very much. Not normal penny pattern IMO. so looking good
-------------------- I only trade Pennies because i love the risk!!! Posts: 554 | From: rhode island | Registered: Jul 2005
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The pps has essentially remained above the 20dma for going on the 4th week now! We are in a bullish pattern and with the news, it will explode. The MACD has gone negative and is ready to turn back up now! With the news, I fully expect a good 3 day run with some profit taking and consolidation afterward!
My only concern is the impatient here selling too early before the stock reaches its full potential because they are getting impatient and want their money back!
Me on the other hand will plan on selling 1/4 of my shares at .004-.005 to get back my initial investment and then riding a couple million FREE shares hopefully up into penny land!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
FatherofTwo: That's great insight and planning.
I think your analysis is right on the money and I appreciate the link you provided. That's just what we all need.
I believe that if we all contribute that level of detail and thought, each and every one of us should profit together - or avoid loss together.
And I'm right with you. It's a perfect storm. Personally, I'm even more bullish on this stock. I plan to sell half at .012 and the rest at around .025.
Disclosure Statement: I'm in for 2.7 million shares at avg. pps of .0018
-------------------- You can't afford to risk, what you can't afford to loose. Posts: 2422 | From: dc | Registered: Jun 2005
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-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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quote:Originally posted by Miss Piggy Bank: WoooooHooooo! Spread the word!
The silly pumping isn't needed.
-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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posted
Off topic question! How many of you do this for a living? If you do, how do you like it?
Posts: 416 | From: ME | Registered: Aug 2005
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-------------------- You can't argue with idiots, they drag you down to their level and beat you with experience. Posts: 713 | From: MD | Registered: Jan 2005
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The pps has essentially remained above the 20dma for going on the 4th week now! We are in a bullish pattern and with the news, it will explode. The MACD has gone negative and is ready to turn back up now! With the news, I fully expect a good 3 day run with some profit taking and consolidation afterward!
My only concern is the impatient here selling too early before the stock reaches its full potential because they are getting impatient and want their money back!
Me on the other hand will plan on selling 1/4 of my shares at .004-.005 to get back my initial investment and then riding a couple million FREE shares hopefully up into penny land!
Couldn't have said it better myself...well, I almost said it better...LOL
-------------------- Making money... one penny at a time Posts: 240 | From: Deep in the Heart of Texas | Registered: Jul 2005
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posted
finally we get some level headed people in here...
i was driving in my car and i was thinking about all the new faces and negativity and thought about bashing before a pr...but you never know...its just funny how they stopped posting
Posts: 2329 | From: MD | Registered: Jul 2005
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posted
waz up ? been holding this stock for over 2 years now and hope the best for all here. Anyway anyone here have an opinon on nauc ? pink sheet stock trading @ 2.40. looks good to me but just dont know. been burnt too many times. check it out please. thanks.
Posts: 36 | From: LI.N.Y. | Registered: Jun 2004
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posted
Kywee I'm still around. I'm sorry if you think I am a negative basher. I've been in this from the beginning. If people start selling I lose my investment. I have nothing to gain by bashing this stock. If anything, I am guilty of truthfully posting how I am feeling about this. I've decided against doing that anymore since it upsets some of you. This is not what I thought I was getting into when I bought ICMH shares. If Doug keeps his word this time, this will all be a mute point tomorrow.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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posted
I think I took the brunt of being labelled a whining basher today.
It's all good. I'm looking forward to tomorrow and hoping we are all happy.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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quote:Originally posted by texvet4: A) You're not the only one upset
B) Don't take things personal
C) There's always the chance of losing your investment when trading pennies...Don't invest what you're not prepared to lose
All of these you know I'm sure, sometimes things just need to be reminded
Everybody makes that same statement!! I'm so sick of hearing that. Which one of you would be ok with loosing $2500-5000k on a stock. I don't walk into an investment thinking if I loose this $2500 bucks it's ok. lol
Posts: 168 | From: Grand Rapids , MI | Registered: Jan 2005
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The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We will examine each part of the symmetrical triangle individually, and then provide an example with Conseco.
1. Trend: In order to qualify as a continuation pattern, an established trend should exist. The trend should be at least a few months old and the symmetrical triangle marks a consolidation period before continuing after the breakout. 2. Four (4) Points: At least 2 points are required to form a trend line and two trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (4) should be lower than the first (2) and the upper line should slope down. The second low (3) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs. 3. Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout. 4. Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months. 5. Breakout Time Frame: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime. 6. Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sound obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case. 7. Breakout Confirmation: For a break to be considered valid, it should be on a closing basis. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts. 8. Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout. 9. Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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posted
Interesting stuff FOT. Thanks! Hey Kywee, it sure was a wierd day on this thread. Felt like I was in the twilight zone earlier. Interesting people, lots of new names. Good luck tomorrow everyone!
Posts: 239 | From: Michigan | Registered: Aug 2005
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quote:Originally posted by texvet4: A) You're not the only one upset
B) Don't take things personal
C) There's always the chance of losing your investment when trading pennies...Don't invest what you're not prepared to lose
All of these you know I'm sure, sometimes things just need to be reminded
Everybody makes that same statement!! I'm so sick of hearing that. Which one of you would be ok with loosing $2500-5000k on a stock. I don't walk into an investment thinking if I loose this $2500 bucks it's ok. lol
I'm sure the reason you keep hearing that "cliche" is because it is true...It's never ok to lose $2500-$5000, but playing with the pennies is not my only source of income, it's not my life, it's my HOBBY, my casino...if this is how you make your living, pinks is prolly the wrong avenue to do it in...
-------------------- Making money... one penny at a time Posts: 240 | From: Deep in the Heart of Texas | Registered: Jul 2005
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quote:Originally posted by texvet4: A) You're not the only one upset
B) Don't take things personal
C) There's always the chance of losing your investment when trading pennies...Don't invest what you're not prepared to lose
All of these you know I'm sure, sometimes things just need to be reminded
Everybody makes that same statement!! I'm so sick of hearing that. Which one of you would be ok with loosing $2500-5000k on a stock. I don't walk into an investment thinking if I loose this $2500 bucks it's ok. lol
I'm sure the reason you keep hearing that "cliche" is because it is true...It's never ok to lose $2500-$5000, but playing with the pennies is not my only source of income, it's not my life, it's my HOBBY, my casino...if this is how you make your living, pinks is prolly the wrong avenue to do it in...
Thanks i'll try and keep that in mind!!!
-------------------- "Every action has a reaction" Posts: 168 | From: Grand Rapids , MI | Registered: Jan 2005
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posted
In my humble opinion, after playing in this arena for almost a year now, this isn't really investing, this is basically gambling. If your if you put in $2500-$5000 into a single stock such as this, and you are not prepared to loose it, then you shouldn't be putting that much money into one of these stocks. This is a pinksheet stock, and it is subpenny. You can do all the due diligence in the world, and think you putting your money in on a good stock, and then whammo trading is halted by the SEC, then the stock gets delisted, and your basically left holding a bag of worthless stock, that you can't give away. I know this can happen from personal experience as the first penny stock I bought into was USCI. You need to find your comfort zone maybe it is $1000.00, maybe it is only $500.00, maybe it is less. I don't think anyone will say they like loosing money no matter how much it is, but you need to go in with the mind set that you could loose it all, and if $500.00 is pocket change for you then only play with $500.00 in any one play. I have learned a lot of vaulable lessons this last year, and I know it is sometimes hard to keep the dollars signs out of your eyes, when your thinking how much you going to make when your stock pick shoots up, and it is fun, but don't let that cloud your judgement ino throwing more money into stock play than your prepared loose. Ok, I sound like I am preaching now, so I will stop. Good luck everyone, hope tomorrow is our day!!!!
Posts: 55 | Registered: Jan 2005
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quote:Originally posted by Hamzat: Interesting stuff FOT. Thanks! Hey Kywee, it sure was a wierd day on this thread. Felt like I was in the twilight zone earlier. Interesting people, lots of new names. Good luck tomorrow everyone!
yes it was...lets hope we fly back to reality tomorrow;)
Posts: 2329 | From: MD | Registered: Jul 2005
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quote:Originally posted by vwcruisn: the way i see it, this stock has held its price fairly steady over the last few weeks. now you might blame that on everyone waiting,... but there must be SOMETHING coming... it seems the price would have dropped by now.. awaiting pr or not.. its been a long time and a lot of empty promises.. it looks good that after all this, its still holding its own.
im holding
It's true. My biggest problem has been being impatient. Most of these guys sit at the bottom and then one day.....POP! And their up like 400%
I can't tell you how many times I've sold and walked just before the pop. Literally, I would probably have 30k more today if I had just held for one or two days longer then I did.
Two recent examples: DDSI and TNGO. Sold both the morning (literally; the morning) they exploded 400% to 600%
You and me both. I have to say that I am glad I wasn't the only one. Guess misery loves company. This is my last stab, the end of my money, if this tanks.....I'm out and done. No more moolah. So please Doug, keep your word.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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posted
Did I hear someone mention QBID on our thread? AAAAAAAAAAAAAHHHHHHHH!!! I bet if you printed 1 QBID share per piece of 8.5 X 11 paper you could wall paper..........the moon, possibly the Earth. CMKX, you could wall paper Jupiter with that one. Oh and BHWK, probably MARS.
Hope no one gets mad, just having fun. Oh and for the newer newbies than myself, remember, 99.99999999999999% of these pinkies are just plain outright scams.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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posted
I do not have alot in this,but for me it is a learning exp. I just started and paper tradeing did not work for me. So I throw a few bucks here and there when my budget permits and only hope that if I lose it all I learn something from it. If so, I profited.But it will always hurt to lose.I like the game and the odds thats why I play.I do not post much,just read and learn. patience is not one of my qualities. I quietly get emotional about all my investments,And every decision I make is my choice.
-------------------- Organizations are perfectly dezined to get the results that they get. Posts: 190 | From: Houston,Tx | Registered: Jan 2005
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posted
I'm still new with this, but in all my learning this last month and the DD I do on other stocks, I still don't see a PR pushing it up like everyone is talking about. I'm in for 150k in shares and look forward to the ride up and the learing experience I am getting. I think seeing .1 is going to be tuff.
Posts: 39 | From: San Juan Islands | Registered: Aug 2005
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posted
Guys patience and discipline are key. Without them you will lose your azzes. Just remember you can't have all the winners.
Posts: 1468 | Registered: Jul 2005
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FOT I really appreciate your info on the simmetrical triangle. That is real good to know. I hope to learn more info like that. I'm not real good with the charts yet but I am picking up everything I can.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur. Posts: 820 | From: Phoenix | Registered: Jul 2005
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posted
FOT. I have a question: I see good picks come from you CONGRATS! I wanted to know your method of picking. I see you are heavy on the charts and I am trying to learn to read better. Question: Do you consider charts as your first priority in choosing a stock. Or are you more concerned with the company and where they are headed as far as growth, PR's due etc? Please don't say both..that's to easy. The reason I ask is that it all seems catch 22. In my eyes a chart must come second because a chart only shows past and cannot know if a PR comes out tomorrow or a major contract was signed. Seems first is the news etc. then the chart to see if RSI is low etc. to help confirm. Yes???No?? The reason I say catch 22 is because even if there is a huge run when RSI approaches 80 tech traders are gonna start dumping cause the chart says dump. Please don't mistake this I am sincerely trying to learn. Which weighs heavier Chart or news? Any other GURU's advise welcome. Help a poor ol' burger flipper out. Thanks &pray for news.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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