posted
Looks like they are trying to take it down this morning RCA... ARCA on ask now with a huge block at .016. Now they must be playing games for a reason.
posted
MM's put 150 or 100 Blocks to scare you, but the thing is they never execute them.
Let's say, If I put 50K buy order those blocks will disappear.
Last day I put 200K buy order against those blocks with ALL or NONE option. It never executed. why? cause they don't have it. If they had 200K shares, it would execute.
They are borrowing from higher prices, so everytime we buy more shares, spread gets bigger and bigger. This is not gonna last too long. Eventually they have to let the price go.
IP: Logged |
posted
That's what always worries me about charts.... MM's can play games and screw things up. But I can seem them today trying to manipulate this stock, espceially with the spread.
posted
RCA- After some heavy flirtation.... as you can see if you read my 513 posts on this thread...I will be getting in sometime today, if Scottrade starts working. Which means a plummet in share price no doubt!
posted
Boy they are not moving on that spread! A standoff. Looks like I will be able to wait for them to take it down in the morning before jumping in.
posted
I don't see much similarities to SEVI. There is price and pattern similarities. But as far as target price. They are different. Look at 305 d averages at these two charts. MGEN is just starting. SEVI is more volatile than MGEN. MGEN would probably do a big long moves and stay at those highs.
posted
I learned the charts from so many different sites and software. To name some; IQCharts, Tradestation, Stockcharts, chartpatterns.com, tradingcharts.com and chart books. Most of all studying. It's a detective work with charts. Takes time to learn.
IP: Logged |
posted
IF, and that's a big if, it gets enough volume to break .025 it is smooth sailing to .03 so I would say it's possible. .025 is the the line mm's have drawn in the sand for this one.
posted
Yeah that's the big if because level 2 looks sweet. But we need volume to chew through those .025's, unless it's a fake wall and I'm not good enough to spot one of those. The good news is MGEN usually starts off slowly and maybe that's what RCA is counting on.
Don't worry with the low volume.. These days are just technical. Once all technical indicators are in place, all the stock screneers and radars will be triggered and we will eventually get volume and off course with that we will move.
So, all you gotta do is accumulate before technicals get better.
Most people do that mistake meaning they buy it after technicals are done or after rally has started.
Right now, we have good techinals but maybe not complete.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
