Awesome!

What are your thoughts on it moving forward? Do you think they will meet the $1 cutoff to stay listed?

cef88 said:

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What are your thoughts on it moving forward? Do you think they will meet the $1 cutoff to stay listed?

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You can clearly see the institutional buying. Generally penny stocks pump and dump and rarely show any form of a pattern, unless they are making a move. We had the long slow march down. Hopelessness and then the technology announcement on their gas. We had the initial gap up and it capitulated over several days hitting a high of $0.68. You can see it all on the chart. It has everything.

It dropped back through a consolidation period and filled the gap as noted on the chart. Now its engaged with volume again. Pump and dump stocks generally have much longer waves if they spike again. That combined with all else is what has me so keyed in on MNGA.

And the institutions don't care if they buy at 30 or 1 dollar. They DO care who tags along so the back and forth and slower rise will have people selling along the way. That's why I love the planted stock approach on doubling. Let the institutions get ya net free and then show them you're remaining shares are in for the long haul. So at 68 cents I wouldn't bat an eyelash at selling.

MNGA $0.49

$.5!

possible Brexit deal reached

That push over 50 cents should have let a lot of you plant MNGA.

ROKU big intraday cup

AVEO is back up to 1.80. Congrats to everyone who got in in the 1.50s

I'm taking all of my AVEO buys avg $1.542 off the table sitting at $1.80. Gotten almost 3/4 sold of those. The reversal down and back to flat looks fine intraday but without volume continuation I'm not in love with it.

By doing this I reduced my smaller $2 to a net $1.34 holding price. If AVEO slow sinks back along todays retrace line it will be hard to know the bottom.

MNGA had an intraday green/red reversal top on big volume. Now its gone through 2 dreaded h pattern drops and working to see if a 3rd forms.

We get to $0.33 and I'm buying my 500k sold shares back with a big thank you note.

Anatomy of the top. See the volume build and then decline? Green to red reversal. Not as clean as most due to some infighting at the top but those volume were a dead giveaway. Then we have 2 completed dreaded h each hitting the pullback to new lows.

This 3rd dreaded h is putting up a fight and note the 1.7million share low. That would be my day trader entry signal back long with a stop at a new trend low.

2728 is some weak support on a descending wedge. Might get flushed late.

Looking into your crystal ball - If I have funds for a down payment in a brokerage account that I will need in the next 21-30 days, should I pull them in the next day or two or let it ride a few more weeks?

Next support 2700?

weak support at 2728 offered perfect resistance on the bounce.

DonaldFDraper said:

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Looking into your crystal ball - If I have funds for a down payment in a brokerage account that I will need in the next 21-30 days, should I pull them in the next day or two or let it ride a few more weeks?

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Donald - Changing this reply. As a general rule anytime you have capital needs within 45 days in the market you take it out.

All I've been posting is how thin I'm trading these days. Secure your money and don't look back IMO.

What caused that spike? News?

FriscoKid said:

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What caused that spike? News?

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It was DonaldDraper!

GE big day

That looked like a 2:00 computer buy.

still expecting a late day selloff

ROKU with zero follow through.

AVEO up to 1.85

Good grief these markets are making me seasick. I haven't seen these swings intraday for this many hours since post 9/11 week.

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DonaldFDraper said:

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Looking into your crystal ball - If I have funds for a down payment in a brokerage account that I will need in the next 21-30 days, should I pull them in the next day or two or let it ride a few more weeks?

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oldarmy1 said:

Donald - Changing this reply. As a general rule anytime you have capital needs within 45 days in the market you take it out.

All I've been posting is how thin I'm trading these days. Secure your money and don't look back IMO.

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Making sure you see my edit Donald

Confusing day. Made a great ROI today on trades but when I get confused I reign in activity. I have no clue directionally on most every stock.

What is the deal with oil today? WTI is down $5/bbl (8.34%).

Glad I could make everyone some money!

Got it. Thank you!

stroodles said:

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What is the deal with oil today? WTI is down $5/bbl (8.34%).

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It entered a bear market. It's been down 13-14 consecutive days. Trump threatened OPEC that they better not cut production because oil should be cheaper. It's a storm of negative news regarding oil, perfect storm if you will.

RRTS is up 10% AH

Multiple insider buys reported. Chart is starting to look good for a confirmed reversal.

so what shall I buy?

Not a perfect storm if you own oil stocks.