Could be. Either way though it doesn't really matter. March 30th will come whether the PPS is at .08, .008 or .0008. Id rather the PPS be nice and low. I'm loving this drop in price today and would enjoy a close around .0037 but again, this stock seems pretty strong so who knows. The RSI is looking better. Its still questionable though if yesterdays shooting star will actually show a 'pattern reversal' by today's closing being below .0038. Its still early in the trading day, so anything can happen. Remember, .0038 for today is the magic number.
What is nice if we do close red today is that the ichimoku cloud would start to move sideways (green) instead of straight up. I know that charts don't always work well in penny stocks, but neither do our cars in traffic; nothing works all the time, but that doesn't mean charts cant be useful.
I'm not sure if anyone is aware of this, but late last year VIS VIRES Group filed a Schedule 13G because they now own 19 million shares of SCIE or 9.99%. This isn't of any major significance as basic DD shows Vis Vires buys 9.99% of countless other stocks in hopes of making a profit; many of the companies they buy never make a profit, so its my opinion their mantra is, "Buy a lot of shares from a lot of companies and hopefully one will make us a profit". The reason I bring this up is it could be useful if one day we see a large sale for around 10 million - 19 million shares; its probably them taking profits.
Note
I completely understand the feeling on red days. its typical to think, "Oh no!!! all my profits are disappearing!", but going off of an older post of mine (opinion), remember - we cant have green days without red days. And even more important, its not 'profit' until you sell. Thinking of it like that lessens the 'dramatic effect' on red days.
WARNING: EVERYTHING ABOVE IS PURE OPINION AND EVERYTHING below is PURE opinion. This is not investment advice.
I think the difference between staying invested in a company that has red days and selling when a company has red days are the fundamentals found through DD. I lost thousands of dollars in another investment recently; but fortunately, even though I sold at a loss, it was not a complete loss. I think that's the fine line which splits investors into two categories. Some people don't know when to sell because they 'hope the price will go back up' and cant accept the fact that they will lose money if they sell. They hold and hold and hold (for years), watch their investment dwindle to nothing, and still hold with this 'hope' that their investment will go back up 'someday'. Of course, everyone has their own investment strategies and if this is how they invest, and this is what works for them, then that's great. But notice the issue here is 'hope'. 'Hope' and 'DD' don't mix. 'Hope' is a feeling and when you invest based on 'hope', it should be a warning sign that perhaps something changed and you need to reevaluate your investment strategy. Of course, I 'hope' too, but staying invested on hope is where some people may get affected (OPINION!).
Other investors accept taking the loss because they realize it is better to reinvest their remaining investment in another company than sustain a total and complete loss. And the confusion with all of this stems from those gut feelings we get which say, "But if I sell, and the price goes up...I could have made a lot of money!" Other voices include, "Ill sell at .25 cents, oh crap, its .25 cents.. ok ill sell at .50 cents.. oh crap its .50 cents. ok, ill sell at $1" and then the stock crashes to .05 and you lose everything. That's why (my opinion) its important to set a sell price. Sure, if you sell at .25 cents and the price skyrockets to $1 the next day, you'll feel 'upset', but you still made a profit, right? Someone will always make more than us and someone will always make less than us. I think that's the key. Wanting 'more' and 'more' is what drives many investors to failure.
But again, all of this is not advice. Just opinion and blabbering. Go talk to your investment advisor about your investments.
Did I mention this entire post is OPINION? Yup.
What is nice if we do close red today is that the ichimoku cloud would start to move sideways (green) instead of straight up. I know that charts don't always work well in penny stocks, but neither do our cars in traffic; nothing works all the time, but that doesn't mean charts cant be useful.
I'm not sure if anyone is aware of this, but late last year VIS VIRES Group filed a Schedule 13G because they now own 19 million shares of SCIE or 9.99%. This isn't of any major significance as basic DD shows Vis Vires buys 9.99% of countless other stocks in hopes of making a profit; many of the companies they buy never make a profit, so its my opinion their mantra is, "Buy a lot of shares from a lot of companies and hopefully one will make us a profit". The reason I bring this up is it could be useful if one day we see a large sale for around 10 million - 19 million shares; its probably them taking profits.
Note
I completely understand the feeling on red days. its typical to think, "Oh no!!! all my profits are disappearing!", but going off of an older post of mine (opinion), remember - we cant have green days without red days. And even more important, its not 'profit' until you sell. Thinking of it like that lessens the 'dramatic effect' on red days.
WARNING: EVERYTHING ABOVE IS PURE OPINION AND EVERYTHING below is PURE opinion. This is not investment advice.
I think the difference between staying invested in a company that has red days and selling when a company has red days are the fundamentals found through DD. I lost thousands of dollars in another investment recently; but fortunately, even though I sold at a loss, it was not a complete loss. I think that's the fine line which splits investors into two categories. Some people don't know when to sell because they 'hope the price will go back up' and cant accept the fact that they will lose money if they sell. They hold and hold and hold (for years), watch their investment dwindle to nothing, and still hold with this 'hope' that their investment will go back up 'someday'. Of course, everyone has their own investment strategies and if this is how they invest, and this is what works for them, then that's great. But notice the issue here is 'hope'. 'Hope' and 'DD' don't mix. 'Hope' is a feeling and when you invest based on 'hope', it should be a warning sign that perhaps something changed and you need to reevaluate your investment strategy. Of course, I 'hope' too, but staying invested on hope is where some people may get affected (OPINION!).
Other investors accept taking the loss because they realize it is better to reinvest their remaining investment in another company than sustain a total and complete loss. And the confusion with all of this stems from those gut feelings we get which say, "But if I sell, and the price goes up...I could have made a lot of money!" Other voices include, "Ill sell at .25 cents, oh crap, its .25 cents.. ok ill sell at .50 cents.. oh crap its .50 cents. ok, ill sell at $1" and then the stock crashes to .05 and you lose everything. That's why (my opinion) its important to set a sell price. Sure, if you sell at .25 cents and the price skyrockets to $1 the next day, you'll feel 'upset', but you still made a profit, right? Someone will always make more than us and someone will always make less than us. I think that's the key. Wanting 'more' and 'more' is what drives many investors to failure.
But again, all of this is not advice. Just opinion and blabbering. Go talk to your investment advisor about your investments.
Did I mention this entire post is OPINION? Yup.
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ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
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My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
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I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
