MWIP I don't know what to say about a chart like
Post# of 226
MWIP
I don't know what to say about a chart like MWIP. It's had a couple of huge pumps before that collapsed.
4/36/11 .008 to .0260 in 4 day, peak day pulling back sharply.
9/12/11 .0043 to .0125 in 2 days, second starting the pullback
Couple others... followed.
Jumping onboard the train on any of those was extremely dangerous.
Then from Sept nice gradual rally, then congestion and coiling, now this explosive move.
So is the latest another pump and dump? If so, too late to jump on board.
I haven't figured out how to play these, I think you have to be a member of the club and get the accumulate signal early, then dump at 100% when the pump starts and gets spread around the boards. Right now #6 board. plenty go like that, then drop back to oblivion.
I've marked the pump n Dumps over the last couple years with red arrows. If you got in before at the low somehow, and sold during the pump you could have made money. But if you jumped aboard late, you better be nimble because they all ended lower.
Or maybe this one's real. No idea.
(Click chart for full size)