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On the subject of risky plays... FTCH

58,395 Views | 1050 Replies | Last: 4 yr ago by Ulrich
old ag 2003
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AG
Picked up some more at 11.5
Levins Market
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you're good Tabasco!

Not your fault at all....
claym711
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AG
What individual investor in a penny stock is going to buy on the ask?

Levins Market
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A ton... unless the bid/ask spread is large....

Penny stocks move differently.
claym711
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AG
I am showing .115 Bid and .14 Ask right now.


Unless I REALLY wanted to get in, I would not be buying it for .14
Ragoo
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AG
so i transfered some money in my account this morning and bought some other shares with it, sold some others and want to put that money into FTCH, but it wont let me buy anything under $4.

crap
Levins Market
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I get your reasoning, but penny stocks move when you knock the MMs off the ASK... otherwise you have accumulation at a stagnant level and no momentum. You are more vulnerable to wild swings with pennies on the bid.

Buying and selling on the ask is what gives a penny its life. Buying or selling on the bid is what takes it away.
Tabasco
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AG
Ragoo, who do you use? I think you are blocked until the funds settle.

Ragoo
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AG
scottrade it says resticted for 3 biz days... maybe monday when my sells from earlier have settled i will be good to go, but it appears that it is treating all my funds even that which was already in the account as restricted
Levins Market
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about par for a Friday... lots of impatient traders wanting to sell at EOD.

The red candle was definitely a good thing for the chart though. Chart looks stronger with the reset, and very little resistance for beginning of week.
aggiebrad94
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AG
my limit order for $.10 expired. I really thought I might pick some up this afternoon. We'll try again Monday.
aggzwin
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AG
ok, picked up shares at .11 before close to get avg down to .135 after my dumbass .17 purchase this am....hopefully we go green from here
Ragoo
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AG
I TRIED TO AVERAGE DOWN FROM $0.17
Levins Market
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.17 wasn't a dumbass purchase and here's why...

Those who bought above here are holding, myself included... If everyone that bought at .17 sold their loss, then the MMs would have nice shares to chew through and lots of resistance. However, most everyone is holding at the levels between here and .175, and it will make the slaps at ASK easy to go through, and we'll be back in .20 land in no time.
aggzwin
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AG
my whole order did not fill at .11, but I got about 90% of it, so I'll take it
aggzwin
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AG
do you foresee buyers coming into this thing at .17+?? volume was weak this am till the selling started and then the volume picked up with the pps a lot lower...just curious as to if you see a pr or catalyst in the near future to attract more buyers cause they will have to pay much more pps with such a low float and supposedly lots of shares tied up in strong hands
Levins Market
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There's one thing to note here... there are some investors who won't touch a stock until it gets to a certain level. Yes, that sounds odd to some, but the smart investor wants to see some of these meet their true valuation before they will really buy in.

We will have buyers here from here into the dollar range.

I can't say whats on the news release for next week, but hold on, you're going to love it! VERY VERY VERY GOOD NEWS!
Levins Market
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As for the light volume... thats just Friday for ya. There is normally more selling than buying on Fridays.

With that said, the buys still outnumbered the sells, which is always a plus.
HawgDriver1
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AG
I'm happy with it. Two separate purchases at $0.15 and $0.115 which is about where I wanted in since I was late to the party. Let this thing roll on for the rest of the month.
old ag 2003
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AG
Picked up several thousand more at 11.5 then at 11. Looking forward to the climb next week.
Tabasco
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AG
Nice pickup at that price.

Levins Market
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Very nice pickup!

Ready to start climbing again tomorrow.
Levins Market
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Video analysis of the FTCH chart... well done by Mr. Bigz on the IHUB board.

http://investorshub.advfn.com/boards/playavideo.aspx?v_id=358
HawgDriver1
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AG
That seems to be quite an analysis, but I have to be honest...most of that is gibberish to me. A company's financials and quarterly reports make sense from an intuitive standpoint. All that chart technical analysis is Greek.
Levins Market
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basically all you need to know is there is lots of support at .125 and .09, and there is no resistance until .60.

- Mr. Bigz is a chartist, and thinks the healthiest thing that could happen would be to close red on Monday at .09, so it has more fuel for the next uptrend.

- However, he thinks this thing is so bullish, that it probably won't happen and we'll continue to see several green days in a row, followed by the random red day, then wash and repeat.
Ragoo
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AG
put in a bid for an additional 1700 shares at 0.15, is this a good ask or should i go lower?
Levins Market
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You could get more shares at the current ask.

Right now, the bid/ask is .11 x .135.

Keep a lookout on it as opening bell approaches.
old ag 2003
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AG
ask down to .129
Ragoo
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AG
upped my bid to 1860 shares at 0.135 and it went through at 0.125
Levins Market
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great pickup!
The Fall Guy
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AG
Just bought 3,381 shares at .11 cents.

Hope this works
Ragoo
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AG
role call for the number of shares you own

2580
The Fall Guy
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AG
3,381
TREX01
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25,000
Ragoo
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AG
in at a 0.14 average
 
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