posted
Hello Everyone I'm new to MOTG and allstocks. Between last week and today I have acquired 120k shares. I've been told by a few friends that this is the stock to be in, after researching MOTG for about a month I finally felt confident enough to invest here, I also finally got a call back from Anthony Welch today and was very impressed with the way he carried himself. I'm here for the long haul. After speaking with Welch he just confirmed everything I had researched about the company. The filings look great, the CEO is consistant, I really couldn't ask for a better stock to invest in. Good luck to all of you and i will see you again soon.
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The White Marubozu is a single candlestick pattern characterized with a long white body having no shadows on either end. It is an extremely strong bullish candlestick pattern.
Recognition Criteria:
1. A white Marubozu does not have upper or lower shadows. 2. The day opens and prices continue to go up all day thus forming a long white day with no lower shadow. 3. The day also closes at the high of the day and hence with no upper shadow.
Explanation: A White Marubozu simply means that the opening price is equal to the low price of the day and the closing price is equal to the high price of the day. This shows that the buyers controlled the price action from the first trade to the last trade. In a White Marubozu day, the day opens and prices continue to rally up all day long without looking back. The bulls were very strong during the day at such a degree that it caused some concern among the bears and led them to cover their short positions thus adding fuel to the rally.
Important Factors:
What the White Marubozu says about the future course of the trend depends a lot on the general picture. A White Marubozu can possibly be the first part of a bullish continuation pattern but it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.
The White Marubozu is a single candlestick pattern and consequently it has low reliability. It reflects only one day's trading and it may show the continuation of the trend but also may indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.
posted
I would like it to be released mid-day but I'll bet it will be released after market close just like the K was, we will soon seee =)
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Very nice post my friend...I am sure that you sparked some interest into MOTG with a post like that...I love using candlesticks when i trade. Unfortunately for us, until we get out of the damn box that NITE has built around us..I can't think that the sticks would hold much water here. We are at the mercy of the MM's, they can create any candle they want to for the time being. It pisses me off that they are allowed to do this ****. Great post though. GL JB
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I have always wondered about "ball control" in a football game. If our team is taking a long time to get down the field, then it is true that the other team isn't scoring any points and we aren't either.
When a MM is selling to keep the price down, it seems like the same thing is happening. Why would the MM try to keep the price down?
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posted
We believe the MM NITE is naked shorting, Skyman. What this means is that he is selling shares he doesn't have, with the anticipation that the price will be lower than when he sold it when it is time for him to "cover" his short (basically, buy the share back). It's kind of the reverse of buying and then selling... you sell and then buy. When you make short, you actually make money the LOWER the price goes down.
So the MM is trying to keep the price down, because if it were to shoot up and then he has to cover it, he'll lose money (like the same as if you hold a share of stock and the price goes down).
That's why it's in NITE's best interest to fight any runs and keep the price down as low as possible... he'll lose less and if he plays his cards right (though he is cheating), he may even actually recover and a little money.
I hope that helps, Skyman.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
From what I can understand more than likely he's done what is called selling short or shorting the stock. In other words he has sold something he doesn't really own. It is taken out of someone's account and credited to his, (money put in his pocket so to speak) So if he sells (shorts) it at 100.00 and it goes down to 50.00 he buys it back at the 50 price and puts it back into the original account to "cover" and he is now up 50.00 in profit. Ok you guys if I've messed that up let me know.
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So the MM sells short to drive the price down, and when he begins to cover those shorts he is hoping he can get all the shares he needs before the price comes back up. Leaving us as suckers. OK, now it makes sense. Maybe the only winning position is to take the same positions the MM takes - be short most of the time.
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I am not sure how much NITE is short anymore either.
HOWEVER whenever MOTG gets buying pressure he will sit on the ask and sell seemingly infinte shares and not budge. Effectively squashing all runs. I think in order to sell THAT MANY shares on the ask he must be shorting them!
The only thing you can do here is hold on, not sell your shares to him to cover. With any luck he is fully covered by now so he will let it run next time. NITE is not a dummy, he knows this will eventually run. I doubt that he would let himself get caught in a short squeeze given how much time he has had to cover.
Just my thoughts, we're breaking .1 either way GL
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I have nothing against snakes, so don't take this wrong... but for the purpose of your illustration... the best thing to do in this situation is to snap the rattlesnake's neck. (er, does it have a "neck" per se? well, you know what I mean!) Wish we could do the same (figuratively) to NITE.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
quote:Originally posted by WarpedMind: the best thing to do in this situation is to snap the rattlesnake's neck. Wish we could do the same (figuratively) to NITE.
*IF* NITE is still short, buying pressure is what will snap the neck! yeeeeeeeah
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quote:Originally posted by Aldeberon: I am not sure how much NITE is short anymore either.
HOWEVER whenever MOTG gets buying pressure he will sit on the ask and sell seemingly infinte shares and not budge. Effectively squashing all runs. I think in order to sell THAT MANY shares on the ask he must be shorting them!
The only thing you can do here is hold on, not sell your shares to him to cover. With any luck he is fully covered by now so he will let it run next time. NITE is not a dummy, he knows this will eventually run. I doubt that he would let himself get caught in a short squeeze given how much time he has had to cover.
Just my thoughts, we're breaking .1 either way GL
Al, I agree with your comments about the time he's had to cover. I don't know what is taking so long for Welch to react, but when he finally does, there might not be much impact to the stock (i.e. short squeeze) because NITE has had so much time to recover.
Speaking of that, has anyone talked to Welch or anyone from MOTG today? Any updates?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
If we get an E on this, people already know that the E will eventually come off. This is a good solid company. So people could buy in anticipation that the E will come off in the future.
Heh. Who'da thought that this would be a good thing? Al, seriously... what are you thoughts on this stream of thinking?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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