Posted On: 03/02/2014 4:29:44 PM
Post# of 2561
FITX Daily Chart ~ A Decline and a Bounce Off Some Support at .065
I like the fundamentals of FITX, and it will probably prove to be one of the more solid MJ companies out there as the company executes. The run from the .002s has been nothing short of spectacular, and those that swing traded with me did very well. Earlier this week, a few of you who asked me about the chart were told that I saw initial support at .065 which was the previous double top and became support once surpassed. I know six individuals who bought back from as low as .066 to .069. What I'm not liking on the chart currently are that the indicators are in a sell signal. Obviously, news will always trump the technicals, but for now, I'm still on the sidelines.
I sold the last 300,000 of my position in FITX on Feb 14 as I didn't like the FullSto and MACDs curling negative along with the double top in the .11s. I did flip as many as 200k at a time, from the remaining 700k, along the way getting onto freebies and posted some of those trades. Without a doubt, a great play for many, and I know a few who held positions well into the 10 million plus range. I only began with 1 mil, but certainly not complaining especially when including all the flips along the way. GLTA
I like the fundamentals of FITX, and it will probably prove to be one of the more solid MJ companies out there as the company executes. The run from the .002s has been nothing short of spectacular, and those that swing traded with me did very well. Earlier this week, a few of you who asked me about the chart were told that I saw initial support at .065 which was the previous double top and became support once surpassed. I know six individuals who bought back from as low as .066 to .069. What I'm not liking on the chart currently are that the indicators are in a sell signal. Obviously, news will always trump the technicals, but for now, I'm still on the sidelines.
I sold the last 300,000 of my position in FITX on Feb 14 as I didn't like the FullSto and MACDs curling negative along with the double top in the .11s. I did flip as many as 200k at a time, from the remaining 700k, along the way getting onto freebies and posted some of those trades. Without a doubt, a great play for many, and I know a few who held positions well into the 10 million plus range. I only began with 1 mil, but certainly not complaining especially when including all the flips along the way. GLTA
| 02/14/14 | Sold | 25,000 of FITX @ $0.0892 (Order #599) | 2,221.97 |
| 02/14/14 | Sold | 75,000 of FITX @ $0.089 (Order #599) | 6,674.88 |
| 02/13/14 | Sold | 50,000 of FITX @ $0.0954 (Order #587) | 4,761.92 |
| 02/12/14 | Sold | 13,020 of FITX @ $0.0862 (Order #575) | 1,114.97 |
| 02/12/14 | Sold | 36,980 of FITX @ $0.086 (Order #575) | 3,180.22 |
| 02/11/14 | Sold | 50,000 of FITX @ $0.0972 (Order #574) | 4,851.92 |
| 02/11/14 | Sold | 50,000 of FITX @ $0.095 | 4,741.92 |
| 12/30/13 | Bought | 300,000 of FITX @ $0.0029 (Order #241) | -870.00 |
| 12/30/13 | Bought | 200,000 of FITX @ $0.0028 (Order #241) | -567.99 |
| 12/30/13 | Bought | 500,000 of FITX @ $0.0026 (Order #236) | -1,307.99 |
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