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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » I got a strange feeling about MGEN today!! (Page 8)

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Author Topic: I got a strange feeling about MGEN today!!
Johnwayne
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.019 is my close. This is set to run the rest of this week, but I do not expect a gap open tomorrow. I expect a pull back and then steadily working our way to a .023 close.
Just hope she runs through Thursday. Can you tell that by the charts RCA, lol?
Nice call on the close by the way. Looks like they couldn't keep the lid on it today!

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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I wouldn't be suprised if we open 0.025-0.03 range.
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Johnwayne
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RCA-
I don't know how to tell when a gap is coming.
Can you give me any insight?
Also - In your opinion, how long do you think this run will last?

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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My scenario 1:

Open 0.025 (Maybe lower)
Low 0.02 (Maybe higher)
High 0.13
Close 0.07

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RCAnalyst2007
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GAP is expected when volume is increased at the end of the day or before opening. With especially low floating stock this is more common.
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RCAnalyst2007
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THIS IS THE PATTERN WE HAVE TODAY.


Bullish Engulfing
The bullish engulfing pattern consists of two candlesticks, the first black and the second white. The size of the black candlestick is not that important, but it should not be a doji which would be relatively easy to engulf. The second should be a long white candlestick -- the bigger it is, the more bullish. The white body must totally engulf the body of the first black candlestick. Ideally, though not necessarily, the white body would engulf the shadows as well. Although shadows are permitted, they are usually small or nonexistent on both candlesticks.

After a decline, the second white candlestick begins to form when selling pressure causes the security to open below the previous close. Buyers step in after the open and push prices above the previous open for a strong finish and potential short-term reversal. Generally, the larger the white candlestick and the greater the engulfing, the more bullish the reversal. Further strength is required to provide bullish confirmation of this reversal pattern.
 -

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Johnwayne
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.07 tomorrow or by end of week?
Where do you see this end of week?

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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This week.
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RCAnalyst2007
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John,

If you're planning to buy more.. Put your buy order (GTC) to 0.025. Cause this candlestick pattern must trigger radars tomorrow.

If you don't want to be last guy in the queue and chase the stock, you should put that order today.

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MoneyMoneyMoney
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Watch RSHN. Its made over a thousand percent return for many folks.

Good luck all.

--------------------
I buy fast and sell faster!

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Johnwayne
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I am in already but am giving some thought to moving unsettled funds in here tomorrow early PM if there is a pullback. That's why the end of week requests.
I probably will not because I hate to hold unsettled funds through Friday's.
But you have been more accurate than I on this one
so I trust your judgement if you believe this has a run through this week.

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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Very short term predictions such as 1 day to a week are not easy to predict. They usually fluctuate with the day-to-day volume. But long term target, I'm locked to above 0.50 for this stock.
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RCAnalyst2007
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I actually see more similiarities Between MGEN and USXP.

If MGEN behaves the same way as USXP
and if we rally this week;

First Target should be : 0.75-0.80
Bounce back at : 0.20-0.30
and Continue trend to maximum of 6.00 - 7.00
and find support at around 2.00

Sounds tremendous but that's what USXP did.
It took me about an hour to calculate and draw this target price.

Always expect the unexpected.

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RCAnalyst2007
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I expect some news this week..
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RCAnalyst2007
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Bid should be 0.02 before opening.

[ March 29, 2006, 09:03: Message edited by: RCAnalyst2007 ]

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Johnwayne
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USXP hit $6? or did you misplace a decimal point somewhere?
RCA- I'm glad to see you are labelling some of your predictions long term... will help to avoid any confusion. Good call on your part.

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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I meant USXP did same pattern. Not same price.

That is MGEN price target.

They are in different price range but the trend patterns are same.

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RCAnalyst2007
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I was wrong about opening price.

But it's still good opening.

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RCAnalyst2007
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Nice volume.. We should move today.
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Johnwayne
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RCA- If this volume keeps up we are going to have a huge day after the pullback.
Dillution is a concern though.

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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moving nice and slow.. then BOOOOOMMM.
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Johnwayne
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Look at that volume! Unreal. Nice call RCA.
I know you took alot of heat on this one but good job sticking to your guns.
Man I hope this has legs through tomorrow close!

--------------------
Thanks Matto. Thanks Juice.

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RCAnalyst2007
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But still some punks lower my rating.
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RCAnalyst2007
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Time to breakout to 0.07
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RCAnalyst2007
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I think we will have the HIGHEST VOLUME EVER today.
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stockstar
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RCA, check out rshn, they just released a great pr. Get in now because we will be way passed these levels within a few weeks. GO RSHN!!

oh....uh, you don't like other people coming to your board and pumping their stock....THEN STOP DOING IT TO EVERYONE ELSE!!!!!

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Stock, Ham, and Mayo Sandwich
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Holy Shnikeees!
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hurricanematt
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This is making me some serious CASH!
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RCAnalyst2007
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stockstar,

I would sell RSHN right away.

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stockstar
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nah, I'm holding long term and waiting for all the great pr's to bring this to a couple of cents.


p.s. congrats on today's gains with mgen.

just stop pumping where pumping doesn't belong. (i.e. other stock's boards)

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RCAnalyst2007
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0.03 will be easy
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Stock, Ham, and Mayo Sandwich
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What's with all the volume?
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RCAnalyst2007
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It's record volume for sure.. I expect above 20 milion today.
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Stock, Ham, and Mayo Sandwich
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quote:
Originally posted by RCAnalyst2007:
It's record volume for sure.. I expect above 20 milion today.

Ya, but why?
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hurricanematt
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And after .03?
Cant see my l2s right now but much resistance?

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