posted
Well, I just got off the phone with Robert Corr... I must say it is all very positive, even given the fact he would not tell me if it were negative so do not think I am Naive.
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quote:Originally posted by BigRob: we haven't hit the floor yet boys
I agree!!
No real support until 004. Or less..
It will have a few quick swing plays in the near future, as i feel that it will bounce off the 003-004 level in a consolidation period for a little while.. It needs to regroup and build some steam. It could take a bit... be patient....
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UBSS controls this stock, IMO. Look at what his trades are doing, and follow him, and you'll do well. he moved up to .0073. let him keep going up.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by Robbie English: You wait for it to go lower you are going to miss the boat.
I disagree, do you guys ever use the charts or gut feelings? This has to retract! It is way overbought! Look at the stockhastics it is now starting into its correction which three or four people on this board mentioned maybee 10 times over the past week!
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Anyone know what the RSI for this stock is at? Is it safe to say that if a stock is over 90 it is overvalued? Sorry I am still trying to grasp how RSI works. Thank you
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quote:Originally posted by Chris4205: Anyone know what the RSI for this stock is at? Is it safe to say that if a stock is over 90 it is overvalued? Sorry I am still trying to grasp how RSI works. Thank you
Developed by J. Welles Wilder and introduced in his 1978 book, New Concepts in Technical Trading Systems, the Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock's recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.
Wilder recommended using 70 and 30 as overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.
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There is no PR coming, if they didn't have time to submit a substantial PR today why would it be available tomorrow...? or even Friday?, they issue one today when they could have waited 2 days for something more substantial and more meaning to help the stock go up
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Thats what I thought you meant, and I must agree with you..
It's too easy to get cought up in the exitment and forget that all markets need to correct themselfs once in a while. This should retrace at least 50% to 60% from the high IMO
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i'd love to see the price hold strong right here, but it looks like it's gonna fall away again. unless the other MMs stay on top of this and don't let it get away again.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by tonicma: We will not drop, because its not overbought,
It was when it hit RSI 90, but not RSI is below 80.
PPS don't have to go down to consolidate, it can just not move and consolidate that way.
WE are seen the not moving consolidation. Shake is also a form of consolidation
Once again I disagree! The Rsi is over 70 still even with this slight correction. The stochastics is still showing this in the overbought range above 80. How can you say its not overbought?
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This excemptional shake was bound to happen.. Too many people got stuck in a pattern of flipping and then we had a null for awhile.
Everyone said they wanted mid week PR VS that of the weekend and now they are complaining.
What you are seeing is everyone scrambling trying to figure out what to do. For those of us who have been around RSHN for while, it has fallen a few times but has always climbed right back up.
This shake will be no different because there are too many possibilities hanging in the wings for RushNet.
quote:Originally posted by zowwie438: This excemptional shake was bound to happen.. Too many people got stuck in a pattern of flipping and then we had a null for awhile.
Everyone said they wanted mid week PR VS that of the weekend and now they are complaining.
What you are seeing is everyone scrambling trying to figure out what to do. For those of us who have been around RSHN for while, it has fallen a few times but has always climbed right back up.
This shake will be no different because there are too many possibilities hanging in the wings for RushNet.
Just my two cents.
Zow
very well put zow
GO RUSH! not selling until at LEAST .02!! or .03!! lol
-------------------- I want to see nothing but GREEN!
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So what do we have? Half of you think there will continue to be a downward trend for EOW while others think it will bounce up EOW. I guess we really can't tell the future can we?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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