quote:Originally posted by jdg257: Just be careful guys, this is getting dangerously overbought, cant keep this up long without a retrace. In early Feb it ran from .0006 to .008 and then fell hard to .003 when the RSI hit almost 95. Our RSI now is about 85 and i still think we have a few more green days ahead but be aware of a traceback.
Dont you guys read charts. The RSI hit 90-95 yesterday which means it was incredibly overbought. This is one of many red days that lies ahead. The daytraders are slowly bowing out of this thing as its plummet is coming so that means volume will be low. I'm not saying this isnt a great company or it wont be able to hit teens but its not gonna happen in a week or even a month. Let the tracebacks happen and protect your principal by taking profits. I'm looking for re-entry maybe friday or thursday at the earliest. A new base will be formed but its lower than this.
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quote:Originally posted by jdg257: Just be careful guys, this is getting dangerously overbought, cant keep this up long without a retrace. In early Feb it ran from .0006 to .008 and then fell hard to .003 when the RSI hit almost 95. Our RSI now is about 85 and i still think we have a few more green days ahead but be aware of a traceback.
Dont you guys read charts. The RSI hit 90-95 yesterday which means it was incredibly overbought. This is one of many red days that lies ahead. The daytraders are slowly bowing out of this thing as its plummet is coming so that means volume will be low. I'm not saying this isnt a great company or it wont be able to hit teens but its not gonna happen in a week or even a month. Let the tracebacks happen and protect your principal by taking profits. I'm looking for re-entry maybe friday or thursday at the earliest. A new base will be formed but its lower than this.
im with u, im completly out. but even though it closed 20% red, i think i mad 30% or so green on it today.
friday is my gut feeling will dictate what its really about. it needs a brake for a couple days. day traders are probably going to find somthing eles for a few days while this makes up its mind.. just my opinion... soo i dont know ??
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quote:Originally posted by jdg257: Just be careful guys, this is getting dangerously overbought, cant keep this up long without a retrace. In early Feb it ran from .0006 to .008 and then fell hard to .003 when the RSI hit almost 95. Our RSI now is about 85 and i still think we have a few more green days ahead but be aware of a traceback.
Dont you guys read charts. The RSI hit 90-95 yesterday which means it was incredibly overbought. This is one of many red days that lies ahead. The daytraders are slowly bowing out of this thing as its plummet is coming so that means volume will be low. I'm not saying this isnt a great company or it wont be able to hit teens but its not gonna happen in a week or even a month. Let the tracebacks happen and protect your principal by taking profits. I'm looking for re-entry maybe friday or thursday at the earliest. A new base will be formed but its lower than this.
do you understand that 1billion volume at .008 is $8,000,000 and 1billion volume at .04 is $40,000,000
i cant believe someone would say the volume is decreasing, unless of course you have no idea what your talking about.
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Kywee said"i cant believe someone would say the volume is decreasing, unless of course you have no idea what your talking about." Was the volumn the same today as yesterday? The volumn, not the $ spent. It's only logical that the volumn drops as the price rises because people buy dollar amounts. This makes it more difficult to sell large amounts compared to when the price was lower. Volumn is # of shares, not dollars
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from?
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im sorry, but you make no sense. the amount of volume is determined by how much $money is traded. the volume has almost stayed the same everyday as the price has gone up 100,000%...i still dont see how the volume has decreased
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quote:Originally posted by kywee: im sorry, but you make no sense. the amount of volume is determined by how much $money is traded. the volume has almost stayed the same everyday as the price has gone up 100,000%...i still dont see how the volume has decreased
The volumn today was 1,261,962,311 Yesterday and Friday had around 1,800,000,000 That's 600,000,000 less volumn today
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from?
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quote:Originally posted by jdg257: Just be careful guys, this is getting dangerously overbought, cant keep this up long without a retrace. In early Feb it ran from .0006 to .008 and then fell hard to .003 when the RSI hit almost 95. Our RSI now is about 85 and i still think we have a few more green days ahead but be aware of a traceback.
Dont you guys read charts. The RSI hit 90-95 yesterday which means it was incredibly overbought. This is one of many red days that lies ahead. The daytraders are slowly bowing out of this thing as its plummet is coming so that means volume will be low. I'm not saying this isnt a great company or it wont be able to hit teens but its not gonna happen in a week or even a month. Let the tracebacks happen and protect your principal by taking profits. I'm looking for re-entry maybe friday or thursday at the earliest. A new base will be formed but its lower than this.
do you understand that 1billion volume at .008 is $8,000,000 and 1billion volume at .04 is $40,000,000
i cant believe someone would say the volume is decreasing, unless of course you have no idea what your talking about.
I understand that, what I'm saying is that when/if the daytraders leave this for a while the volume will decrease. Todays volume was still high but it was mostly sells. The stock will go from overbought to oversold and then level off at a base, thats when the volume will bottom out as well. For now we'll see high volumes of sells until we are ready to head back up. JMHO though.
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Hey Red and all - well we don't get green everyday. This stock is like the bunny though - It keeps going and going and going!!!! People were saying it was going back down when it was at every level. "It can't keep this up" HEHEHOHOHAHA - you guys slay me! You guys ought start a company for motivational speaking. You could say something like - Do you want to lose money, do you feel like your stock is worthless, well come to us and we'll help you to realize you are right. HAHAHA guys do us a favor help us out go help somebody on another thread. Pay up go pay somebody else some money from your struggling portfolio of uh lets say 10 dollars. HAHAHAHA