You mean you didn't want to see the 50 and 200MA m
Post# of 1023
Posted On: 04/25/2016 11:46:54 AM
You mean you didn't want to see the 50 and 200MA move closer towards crossing and forming a Golden Cross?
Please review Post # 464 where I mentioned the 50 and 200MA lines were only .0045 away from crossing.
Now be sure to look at today's chart and notice that despite today being a red day, we are now only .0044 away from crossing.
See image below
http://i.imgur.com/rK23JMf.png
Also notice the 100MA line is continuing its slight curve upwards as well; exactly as I suggested would occur a month ago.
Today's movement looks 'bad' because certain investors tend to focus on the run up to .0092. In reality, if you ignore the run and focus where we were two short months ago at .0007, you will notice that today's price action of .0028 is still a higher low. I'm not sure about anyone else, but would you rather be at .0007 or .0028.
I vote .0028.
Remember the 'horrible' price drop from March 24th - April 4th where we had seven consecutive red days? Those red days contributed to the 50 and 100MA lines crossing.
There is no new news right now, no SEC filing, nothing major at the moment. Today's chart action correlates correctly to the amount of current information available.
Don't forget, anyone and everyone is free to sell whenever they deem best for their own personal financial situation. No one is forced to remain invested.
Personally, I'm excited we are taking baby steps towards a Golden Cross which may ultimately lead to an intense long-term bull run . Besides, the release of great, astronomical news today wouldn't really change much because investors tend to forget about great news 24 hours later. Notice no one is talking about the 50 and 100MA crossing (which was amazing) and no one is talking about the 10K (which was great).
I can't speak for anyone else but myself, but technically, I could still sell today and pull in a huge profit. How many pennystocks out there can say that?
Sure, we lost the 50MA support at the current moment, but I believe what is more important is the long term effects of this. I want to see, and still believe we will see a Golden Cross shortly. And as mentioned many a times in the past, I find the timing of this chart to be very interesting. We have the 10Q coming out very soon. Around the same time as the 10Q, the chart may form the Golden Cross.
Note
Notice the yellow star in the above chart. I believe we will see a Golden Cross / 10Q around this time. I could be wrong, and I could be off by a month or so, but I believe it will occur.
If this does occur, and if we see (again) sales in the 10Q, it is my belief that this is what will propel us past a penny.
Not investment advice.
Please review Post # 464 where I mentioned the 50 and 200MA lines were only .0045 away from crossing.
Now be sure to look at today's chart and notice that despite today being a red day, we are now only .0044 away from crossing.
See image below
http://i.imgur.com/rK23JMf.png
Also notice the 100MA line is continuing its slight curve upwards as well; exactly as I suggested would occur a month ago.
Today's movement looks 'bad' because certain investors tend to focus on the run up to .0092. In reality, if you ignore the run and focus where we were two short months ago at .0007, you will notice that today's price action of .0028 is still a higher low. I'm not sure about anyone else, but would you rather be at .0007 or .0028.
I vote .0028.
Remember the 'horrible' price drop from March 24th - April 4th where we had seven consecutive red days? Those red days contributed to the 50 and 100MA lines crossing.
There is no new news right now, no SEC filing, nothing major at the moment. Today's chart action correlates correctly to the amount of current information available.
Don't forget, anyone and everyone is free to sell whenever they deem best for their own personal financial situation. No one is forced to remain invested.
Personally, I'm excited we are taking baby steps towards a Golden Cross which may ultimately lead to an intense long-term bull run . Besides, the release of great, astronomical news today wouldn't really change much because investors tend to forget about great news 24 hours later. Notice no one is talking about the 50 and 100MA crossing (which was amazing) and no one is talking about the 10K (which was great).
I can't speak for anyone else but myself, but technically, I could still sell today and pull in a huge profit. How many pennystocks out there can say that?
Sure, we lost the 50MA support at the current moment, but I believe what is more important is the long term effects of this. I want to see, and still believe we will see a Golden Cross shortly. And as mentioned many a times in the past, I find the timing of this chart to be very interesting. We have the 10Q coming out very soon. Around the same time as the 10Q, the chart may form the Golden Cross.
Note
Notice the yellow star in the above chart. I believe we will see a Golden Cross / 10Q around this time. I could be wrong, and I could be off by a month or so, but I believe it will occur.
If this does occur, and if we see (again) sales in the 10Q, it is my belief that this is what will propel us past a penny.
Not investment advice.
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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.
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