posted
will.. Looks like it's been hitting a 52 week low everyday for the past month.. And it look like it's downward trend has been accelerating since it's last peat on Feb 22nd.
I'm just curious as to what other factors you see in this stock, besides the RSI that are pointing to a possible bounce back?
In my (rookie) point of view, I'd think it'd still have a couple more days of downtrending, and then maybe once the RSI hits between 20 and 15, then maybe it'll reverse.
Please let me know what you think. I'd really like to learn more about the things you look for, cuz you seem to have a pretty good record on catching some winners, and I'd like to improve my own method as well. Any input helps. Thanks.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
I can only tell you it is a sound candidate for a reversal soon. Whether it will go down more, I am not sure. Volume yesterday indicated to me the MM's are preparing it for run. You might see one more quick dramtic take down to pick up stop loss orders. If you see that, (and it will ocurr quickly and return to a higher PPS, I'd say it isn't an if at that point, but a when and how much it will run. Your opinion and observations are perfectly logical and legitimate, and you very well maybe right.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Thanks, will. This will be added to my watch list for the next couple days. I've got a little bit of funds I'm keepin available for these kinds of stocks. For now, I'm waiting for the last bottom-shot on a couple of Jim's picks (FMLY, IGAI, and SNWP) that also look very ripe for a reversal within the next few weeks or so.
But I do like how this chart is looking. Good find. And thanks for the response.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
I think it is pretty safe. Most of the time stocks in this condition might take a week or two to produce, but the good news is, your exposure to loss is limited. I have always tried to pick stocks that have limited downside, (thats why I stay away from pinks, I can't tell dilution from real volume). Some may not do much on the upside, but some do take off given enough patience and faith.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Back up to .0122 already. After seeing what GRXI did today, I figured I'd play it safe in this one and not wait for it to drop any further. Got in at .0119 earlier today.
Looking good. RSI 25.01
-------------------- Hindsight is 20:1. It's like printing money.
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posted
There very well might be that dip that I talked about in an earlier post up the page, ("You might see one more quick dramtic take down to pick up stop loss orders. If you see that, and it will ocurr quickly and return to a higher PPS, I'd say it isn't an if at that point, but a when and how much it will run."). So, if you see it go down some, don't be discouraged, it will be ok.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Let me take the opportunity to post the ugly part of FNIX. I do this to be fair and balanced in good faith, and to not appear as a pumper. It also minimizes the need for someone else to point out the negatives that I am already aware of, doesnt, discount, dismiss or minimize the shortcomings, just eliminates the need to hear about them from someone else.
Volumes have been good, at and above averages. Price has been falling settiing new 52 week lows for several days now.
O/S : As of March 10, 2006, there were issued and outstanding 481,309,900 shares of our Class A common stock. ( A bit higher than I like to see)
It even got uglier today With an S8 filed for another 20M for employee compensation :
Not a very pretty thing to look at overall, but I like it. I still haven't seen the quick take down I look for, (that doesn't always happen). You might want to wait to see if it gaps up Monday, or there is a white candle at EOD Monday, those things might indicate a reversal is confirmed. I gambled and got in yesterday.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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I do "gamble" too, and FNIX is, to me, certainly a very good thing to buy now. See Monday, as you say, but note that things look to have accelerated somehow during middle and HOD yesterday: see how level II positions and resulting trades of the last 3 hours evoluate...
I have been following FNIX for about 2 months now, and to me it sounds pretty clear: MMs are full, and some heavy$ people are actively accumulating at such bargain prices, cause the company even if not yet profitable, has anyway a much higher intrinsic value than what the current PS can figure out.
Regarding dilution, same story, looks that they have sold what they wanted to sell, look back 2-3 sessions: looks that the trend is changing. When I look back to the last 3 sessions, I also get a strong feeling that accumulation is on it's end. Would mean that after this, the engine will start to lift up.
We got to believe, since believers make it happen. They will probably buy some more on Monday, and so do I.
GLTA
-------------------- ------------ I M O --------------- - BuyAtBottoms + SellAtHighs - ----------------------------------
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posted
This was such an obvious buy yesterday as the selling pressure obviously petered out and was replaced by aggressive buying by bottom feeders like me.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD.
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posted
and me, Welk, and me. If you are Mr. 500k *15:56:59, I am Mr. 200k (5p./day) Wont push over 0.0122 for now, wont let it go under 0.0119, would try to make smthg stable between those limits for a couple of days, if possible, till the rush becomes uncontrolable. U think it could be a good plan ?
-------------------- ------------ I M O --------------- - BuyAtBottoms + SellAtHighs - ----------------------------------
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posted
I picked up 70k shares at .0018 yesterday morning. And I'm liking what I'm hearing from everyone. Glad that this one has caught some attention. It's nice to have friends along for the ride up the chart.
Monday should be nice.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
I am in this purely for a chart and potential MOMO play. Look at the chart. The CCI is deep in the red and the RSI is under 30. The last time that happened the pps went nuts to the upside on a big bounce to .03. I think the upper BB could be tested at .018 as it trampolines off the lower BB here at .012 a share. I love that neat little doji.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD.
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posted
I see this thing as an easy bounce to .015, just going by how it's reacted to it's other mini-bounces over the past few weeks.
But if this thing really does get some heavy volume in it with lots of buying pressure, I think it could see .020
Also, last time the RSI was this low (around January 1st) it had a run of about 50%, so I'm also taking that into consideration to make my .020 target.
But I'm gonna keep a close eye on it, and once it starts to have a downturn again, it'll be the time to get out, IMO, cuz it just seems to keep hitting new lows after each of these little runs it gets.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
Well checking out the chart there is a Doji which signals a trend reversal. so this should start uptrending soon. the strength og this downtrend is VERY weak. Watch the ADX to start climbing when the RSI starts to head back up which is seems like it is doing. Also the Williams %R is way oversold. Watch for 0.015, break from there would be to 0.016, and after that 0.018. Those would be my targets based on capital invested.
Hope i helped
-------------------- If you do your 20's right, You are set for life.
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posted
Guys, I think this could easily see .015 to .02 in the coming weeks. The RSI is way oversold, as is the CCI, and stochastics. The downward sharp decline of the past 2 months has occured with decent news, look at their partners! This is ready to reverse and rock imo.
-------------------- Flip stocks. Never invest in them. Take your profits. All is my opinion. Do your own DD.
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posted
Filled at .0127. Made some on this one back when it was fonx, or I think that was the ticker. Looks good for a few days now IMO. Trend reversal looks confirmed.
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posted
This great session will for sure be detected by many engines around, after the close. Volume higher, uptrend... just fine. I keep some bucks for the EOD, let's make it ! Tomorrow could be hot imo.
-------------------- ------------ I M O --------------- - BuyAtBottoms + SellAtHighs - ----------------------------------
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