posted
I know how he trades. RCA get's in way early, accumulates, then takes profits and keeps some shares in for the long haul. When he says MGEN is going to shoot to $6.00, he means that. He just speaks longer term than people realize and I'm not convinced anybody can look that far in advance. And that is one thing I wish he would be more specific about when he posts predictions.
I have followed him through a couple of picks, DVFN comes to mind, and that is his usual MO. I hate to speak for him though. I know what his silence means, and it does concern me since I'm stuck til tomorrow open, but he probably took profits and has his eyes somewhere else however I'd be surprised if he didn't have a position.
posted
I sold out of this stock this morning because in looking at the charts RC posted, I noticed something interesting. If you reset the chart to show just the last 90 days, you see a definite pattern emerge since January 23rd.
Starting at that point, you can see that this stock languishes for about 3 weeks and then takes a sudden surge upward of about 1 to 1.5 cents. The following day, it retracts but not to its previous low.
Drawing a line up that pattern, it looked to me like this stock would retract today to somewhere between .031 to .035. Unless there is a surge in buying over the last hour, the pattern appears to be holding.
RC is correct that this stock seems to be on a defnite upward trend and there is some accumulating going on, but I just don't see the reasoning for thinking it would have a USXP type surge up to 14 cents.
However, I will admit that I'm a newbie and my chart analysis skills began about 9 o'clock this morning so if I'm missing something in looking at the charts, please set me straight because I'm anxious to learn...
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posted
its a penny boys...dont hold it...we have NO idea who this rca is or what he holds or when he sells or who he works for or anything about him at all!!..keep that in mind...all you know is what he tells you!!! especially with these pennies?..charts dont mean much.. but they are invaluable with the big board stocks..this may go or it may not...hype,prs,speculation,rumours...thats what moves the pennies....both ways...play the momo..and get out...
posted
Jordan - you are right of course, we don't really know anybody on this board and they are not obligated to state when they bought or sold. I tend to give people the benefit of the doubt until they prove me wrong, especially those who have made me money like RCA. To each there own I guess and I understand your concern, especially with pennies.
posted
You got to love UBSS. The last six trades are all buys at .037. This jerk just sets on .037 all by his self. 1 of the trades was for 50,000 shares and another for 115,000 shares. Unreal.
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posted
Hopefully you mean that interesting in a good way. Today was my sweat day now tomorrow I have the option of selling. Would be nice to see 10 minutes of solid buying.
posted
My God I haven't sweat the clock like that for quite some time. All day hoping the bottom didn't fall out. Now I can sell in the morning if I want. 100%+ profits and going to keep my finger on the trigger. Thanks RCA. Another winner for me. I noticed you changed your tag line since you increased your stake in this. What are the charts telling you for tomorrow?
posted
Well, we did a good correction today. %24. And it did represent good buying opportunities to some of us. There chould be some more opportunity tomorrow to buy lower.
I expect a good rally tomorrow. One thing I've noticed which is important that the MFI (Money Flow index) is up even tough the price is down. Compare today's down trend with the previous one on March 8 and Feb 14. You will see that MFI was down on both. But today is not. Same rule applies to MACD. Also, ADX is very bullish. Infact ADX line was never this bullish in the last 3 years.
posted
I think the sell off was very mild. We are up over 100% since Tuesday. RCA do you think we start the morning with more selling or are we going to start strong then fade?
posted
My theory is if company wants to announce a major product in June. They need to have stock ready for that timeline. Which means having great technicals by that time. So, what technicals they should expect; perhaps the most important for general investor is the GOLDEN CROSSING (50d-200d) crossing. So, to do that 50d average needs to start moving as soon as possible. For that stock needs to move over 200d average and stay there. Most companies go over 305d average to guarantee that. You can see that with DVFN for example.
As far as stock technicals June is perfect time to announce major news and several good news before that.
I'm not realy concerned that much where we go tomorrow.. All I know is where we heading in the longer term.. And If we go down a bit tomorrow that's only a buying opportunity for me. That's how I see it.
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posted
Well I think I'll at least take my profits at the open then and ride free. (Trying to read between the lines RCA) Dang shame. There is so little to keep us from a run to at least .05 tomorrow, and really close to .07. I feel I have to play it safe though and protect my investment.
posted
I sold all my position yesterday at .05, but rebought today (tripling my original position). Pull back today, IMO, was due to the RSI and required some correction (This stock can't blow all of its load all at once - nice gradual increases is what we want).
This stock will glide up for the next couple of months IMO. .15+ by June 1 is my prediction.
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posted
Well maybe I will dump in the AM than gradually acummulate again over the next month. I sure would like to see this run tomorrow but I'm skeptical.
posted
It's pretty common practice that when a stock moves up %160 then some of us tend to sell it try to buy it back cheaper..
But I also want to warn you that, if this down trend is a 1 day trend then we might open higher around 0.04's or 0.05's and then move up pretty sharply.
Now, if some of you sell it at that higher opening and wait for lower price, you might get cought in a trap.
What if we have a %263 move tomorrow which take us right at the 200d average? Is it possible? Why not. We did 163% without news. If we have news tomorrow? Who knows?
Let's say, If they're planning to release some news tomorrow, wouldn't it make sense for insiders to collect some shares at a lower price and cause some panic sell so that next day also collect some more shares.
All I'm saying instead focusing on YOUR OWN PSYCHOLOGY, focus on COMPANY'S AND MM'S PSYCHOLOGY.
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posted
For what it's worth, I'll be watching in the morning and may jump back in if it looks like another surge is underway. I do agree with RC that there is some strength behind this stock that has nothing to do with any pumpers.
Someone is accumulating. The million dollar question is, are they going to pump the stock up fast or let it rise slowly. It appears to be the latter judging from the last couple of months so I don't think there will be a surge tomorrow, but I don't think it will fall either...
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posted
MM's psychology never seems to change... they want cheap shares. I agree it is common practice to sell at 163%, damn I love that sound, but I have sat through a sell off day when I couldn't sell and have been playing footsy with the idea of staying in and hoping for a run to .05, then take profits and hope it pops up to .07 before the day is out. I believe if they were planning on releasing news tomorrow we would have seen a bigger EOD run. And why release good news on a Friday?
Can we go up 263% tomorrow, sure it's possible. Is it likely? I don't know if it's more likely than a sell off, especially on a Friday.
Right now I am leaning towards hedging my bets and taking profit at open, unless I sense a gap up, but why would a gap be coming? Volume was down today, we did not close at HOD. I do not anticipate news. There are some positive's: RSI level 2 thin 1st resistence at .0529 that are begging me to stay in but I think I'm out come open.
posted
RC, I am focusing on their psychology. If I were in their shoes and I was pretty confident that I was going to have a bangup product release at the same time my stock price was in the toilet, this is what I would do:
Delay the product launch and begin quietly buying back the stock. What does that accomplish? It gives my management team, my family and my company more of the profits.
What do I NOT want to do? Issue a puff news release or allow the stock to skyrocket for no visible reason which will attract the interest of speculators and drive the price up faster costing my company more money in its gradual buyback.
Who are the very people who will catch on to what I'm doing? Not the PR watchers or the fundamentals guys. It would be chart watchers like yourself who catch on to the increasing volumes and the unexplained price pressure.
I'm betting that if it IS insider buying, they won't be buying tomorrow. They'll wait until you and the stock ster have lost interest and moved on to other stocks. That would also explain the 1-day-surge/3-week-lull cycle this stock is on...
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posted
If they have news to release. We don't know the answer to that one. But news would be the perfect spark. I assume all companies want their stock to run, but no stock ever goes straight up. I don't know, if we had a bigger sell off today maybe we would be due for a bounce. On the other hand maybe the lack of a drastic pullback does signal strength. Who knows in this God forsaken game. All I know is it will be a sleepless night for me tonight trying to put 2 and 2 together.
quote:Originally posted by RCAnalyst2007: It's pretty common practice that when a stock moves up %160 then some of us tend to sell it try to buy it back cheaper..
But I also want to warn you that, if this down trend is a 1 day trend then we might open higher around 0.04's or 0.05's and then move up pretty sharply.
Now, if some of you sell it at that higher opening and wait for lower price, you might get cought in a trap.
What if we have a %263 move tomorrow which take us right at the 200d average? Is it possible? Why not. We did 163% without news. If we have news tomorrow? Who knows?
Let's say, If they're planning to release some news tomorrow, wouldn't it make sense for insiders to collect some shares at a lower price and cause some panic sell so that next day also collect some more shares.
All I'm saying instead focusing on YOUR OWN PSYCHOLOGY, focus on COMPANY'S AND MM'S PSYCHOLOGY.
focus on your own psychology...thats the smart move here..
sounds like rca works for the co. or something..but his philosophy sounds really suspicious to me...
posted
Well I am doing the same thing with this stock as I am doing with GZFX. I am just going to set on it. If it goes to .0001 or whatever. I will not sell unless I have a good profit. It always seems when one sells. The next day up she go's big time. So I will just set and wait it out.
When one thinks the stock is tanking and sells. It stops right where he sold and heads north big time.
IMO at the end of the day nothing but buying was going on and that makes me feel good about the open. But time will tell.
????Does any one know if this stock trades on any of the foreign exchanges???? Just trying to save myself some looking time.
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is my prediction.
