posted
read the last 10Q carefully before investing in this!. see it at pink sheets.com look at the leagle procedings, and the lack of revenue, look at the failed attempt to buy into the gold mine and the sale of most if not all of their realestate holdings, small though they were. may be getting ready to dump massive shares on the market. little or no income from continueing operations, multiple R/S`s over the last three years, latest was 1 for 2000 in 08/05, former directors were penalized by the SEC for stock manipulation and barred from directing any publicly held companies according to the 10Q. think long and hard before jumping in. just my opinion though. do some DD and decide for yourself. good luck!
posted
I did not intend to imply you were pumping, i have deleted that line from my post. this does not change the facts. the 10Q speaks for itself! trouble is no one reads them! they see a post that this or that is moving and they just jump in. this will move alright, down!! back to 000`s were it came from! it has dropped since the R/S and should continue to drop. 83k in volume up a whole 16% wow! thats less than 4 grand oh boy!. I am shure you pic some winners and thats great but my OPINION is that this will not be one of them>
posted
You might want to consider these values; -First time stock is above 50 day average -First time 200day average touch point -Very strong 30% or less closer to 200 day average. -ADX line is positive. -MACD is positive -30d-50d average crossing is positive.
I would say; -This stock is speculative but with awarding technicals is a value for profit takers. -Floating shares are very low. -Any big volume could move this stock to pre-split resistance levels which suggests between believe it or not $2.00 - $2.80. Don't be suprised by this I can count at least 200 stocks with that kind of trend. -What's amazing about this stock is 2 year high ($180,000).
I confirm the BUY but with the low floating shares, it is not going to be easy to accumulate. You can tell this from last 3 week accumalation. Last accumalation really create a pressure to stock price. We could see a new wide W pattern.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
matto been trying to get your opinion over at the PTSH board, what do you thiink??
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
| IP: Logged |
posted
To get to $2.00 - $2.80 range. Here is one of possible MM scenario.
-Open at around 0.20's and move up a bit to attract investors. Expect minor but hopeful news.
-Take the price to below opening and then days low of 0.14. This will create panic selling which will clear all the weak buyers left out there. -End of the day move up quickly and CLOSE around 30's
-Next day Open lower around 25's and clear up more buyers and then move up to high 0.50's.
-Next day sell-off day. High 0.60's. Take it down to 20's
-After that another sell-off day. Take it down to 25% tracing levels of 0.60 which is 0.15 which is right above 0.13 closing of previous trend. 25% tracing levels are pretty common for speculative stock.
-After that another trend will start which will lead to $1.00 levels in about a week and slowly to high $2 levels with ups and downs.
This is one option. I like this option better because bringing price to pre-split or pre-gap levels will attract investors to this stock and generated needed volume.
As you know average 3000% is common to spec stocks. Now, currently the 200day average is around 0.10. Looks like price will stabilize around 0.09. Guess what 3000% of that price is about $2.70.
This suggest that as soon as the price stabilizes around 0.09 - 0.10 range we should start the new triangle pattern.
I love this game.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
RNVO is less likely to move. Low covariance (CV) ratio. It's just a sell-off trend. Possibly one lonely guy is trying to push the price up. Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
Just takes time and practice. A lot of research. Don't forget the main rule is MM's has the control. And they can set the price where ever they want to take it. Question is, what are the common practices? How do they manipulate and when? So much planning going on behind the scenes. Sometimes they just draw the charts randomly when they have no intereset.
This is a guessing game of MM's.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
Yes. That's why they have this big bogus financing deals. So they can feed MM's.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
Well DVFN is in my watch list. I'll add RNVO also. You see how RVNO spiked. When the price was close to 30% or 200day average. It's like a magnet there. $4000 now >>> $40,000 later.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
I would sell RNVO around 30's and buy it back later 15's or lower. Take your time to buy it. No rush.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
AJAY. Pink sheet. which is junkyard. I would stay away.
NAWL did good climb all the way to common 285 day average. and 305 average. I'll give you a chart. Hold on.
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
DVFN ![[Mad]](mad.gif)
later!!!!![[Smile]](smile.gif)
