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this had a great day yesterday... i see a pullback hard today...i see some support at .03,maybe...dont want to rain on anyones parade..so lets hope I'm wrong..just a heads up that there are many other plays out there. Dont get stuck in one stock..take your profits,, of course you heard that before huh?
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you see this alot..no matter whos pick it is.. a spike like yesterday almost always has a huge pullback the next day..it may stop after the usual morning panic,but i wouldnt bet my money on it...
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Well I am stuck here for the day but don't mind. I expected that there would be a sell off so I just want to have some profit left tomorrow. What are the charts telling you RCA?
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I think we will close high today.. It's just a long bottom stick. Great buying opportunity.
Long bottom stick is usually caused by a big buy order at a lower price. MM's trying to satisfy that order. That's why we have this volume in such a short time. That's why we have increasing spread.
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quote:Originally posted by Johnwayne: Well I am stuck here for the day but don't mind. I expected that there would be a sell off so I just want to have some profit left tomorrow. What are the charts telling you RCA?
I think he already told you that .05 was the support...now why would he say that? I dont see .05 as support , but as resistence ... imo
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Look all! I am not one who wants to defend RC. But I saw this thing sell off like a brick the other day and then it took off. Maybe same thing. So being the idiot I am I bougt a ton at .04. Now it should really sell off.
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1st level support was supposed to be at .0463 so I don't blame him for saying that but that is what has always worried me about charts. I don't understand how they can make projections when things like stock ster are out there.
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like i said the other day the "ster" giveth and the "ster" taketh....
If you have profits I'd take them before this thing goes to the .02 range
there were people that have been posting at allstocks for years that came thru trying to warn you about the ster. im not trying to bash, but it looks like the ster is dumping already
I hope im wrong, and you guys make more money, just hate to see you guys get killed by the ster
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Tape- You are right, it started the day at .017 and dropped to .014 and it has been running ever since. Is that when you got in? That's when I got in so I will defend RCA, well if I'm still green tomorrow I will defend RCA! Just kidding. he knows his stuff.
quote:Originally posted by Johnwayne: Tape- You are right, it started the day at .017 and dropped to .014 and it has been running ever since. Is that when you got in? That's when I got in so I will defend RCA, well if I'm still green tomorrow I will defend RCA! Just kidding. he knows his stuff.
------------------------------------------------ Got in at .014. Really for only one reason. I need some excitement in penny land. Most of the ones I own are just floating around. This one looks like it can drop like a brick then run up real hard and then drop like a brick. So it does offer some excitement. I think charts a total waste of time period. To me its all about excitement as I have said many times.
This company on paper does not look very good. But if they get a contract with CVS. Bingo. So I just set and let things happen as I am doing with GZFX.
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Does seems to be firming up a bit now.... (holding my breath) RCA you may be right. I would be thrilled to get out with 100% profit on this. As I should be. !*&$&$%&*% unsettled funds.
Maybe I can fall back on the old "this will take off when the traders on the west coast wake up" line. No I can't I just saw that Imakmony2005 is from California!!!
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IMO we are just filling the gap from yesterday. Thats alway a good excuse people use. One thing all will learn one day in penny land. No one has a clue. You just take a shot and if you get lucky you look like a genius. Even if you were wrong on 50 before that.
Will we go back up. I don't know. Will it continue to fall I don't know. But I hope it goes up. Excitement is the name of the game for me down here.
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