Very nice find hurtzz. I have been following your
Post# of 169
Very nice find hurtzz. I have been following your work here at investors hangout and you bring a lot of great information. Here below is what I found from that link you just posted
SEGI
SYCAMORE ENTERTAINMENT GROUP
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 07.30.2012 (10) days ago, when the stock price was 0.0030. Since then SEGI has gained 30.00% .
BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 0.0032 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market seems ready for a new bullish move.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have a chance to profit from the later phase of the bullish attack. Your important benchmark today was the previous close. Today you were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.
Data provided by: End of Day Data
BUY
CONFIRMED
0.0039
+0.0007 +21.88%
Candlestick Analysis
Today’s Candlestick Patterns:
White Opening Marubozu
Candlestick Pattern
Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
For more about this candlestick click here.
Stock Quote
Day's Close 0.0039
Previous Close 0.0032
Previous Open 0.0030
Change +0.0007
% Change +21.88%
Volume 3,400,219
Stock Activity
Day's Open 0.0032
Day's High 0.0040
Day's Low 0.0032
20-Day Close M.A. 0.0027
50-Day Close M.A. 0.0022
65-Day Volume M.A. 1,080,055