yesterday ended a dud...its trying to tackle 2.25 remember... 2.40 close above is the place for a trader to get long or add, until than avoid the chop and slop if you are a trader, critical now because money is better spent on the tons of stocks that have broke out of nice bases, rather have the dough in stocks going up not a stock that is choppy... if you have a core position with a cushion, do not sweat it
if you remember I said I own a core position and I trade around it... technicals are bad on the chart.. when there good there good, when bad there bad, you avoid and wait for your pitch and move onto stocks that are working
rule 1........ if stock goes down and you own it, its manipulation.... rule 2 see rule 1.... easy to blame something for holding a stock from 14 to 3.50 no one uses stops to protect losses or preserve a gain...
thought when i checked in wmih would be up decent.... but to my dismay, its down... behold the power of the resistance I been talking about... IF and its a big if it can clear 2.40 she will run fast and hard but needs to clear it.. so hopefully some folks have other stocks, seeing alot of winners breaking out
so 3 insider buys in about a year constitutes insider buying.. lol.. if these insiders thought the shares were cheap and going up they would be buying.. so when the price of the stock went up to 14 was that manipulation? if its blatant manipulation why hasnt the company researched this and issued a pr instead of watching it fall from 14 to 3.50 and one more thing...how much money has the company been making per quarter? when is the last time it has made money...eps
its not even funny.. we can post articles all day long, we can post how the hedgies are loaded to the gills, we can name call and dislike post all day long but until it gets over 2.40 its churn and burn fellas... you have the 10 20 50 week moving avg. in this area and there down trending...
keep reading how the stock is manipulated, blah blah blah, manipulation theories are for losers who didnt set a stop loss and are married to the position because they had no exit plan.. so they search for articles that fit there bias and it reinforces them to hold onto the position even further... but if this stock is so so cheap why no insider buys, and im sure there not under a restriction or quiet period
need a close or a powerful push thru 50dma which sits around 2.28 or a pullback to 1.90 until this happens its churn and burn
im gonna go trade in the basement... im scared.... again watch 2.15 to 2.20 chart wise this is a mess with the major moving avgs trending down... gonna take a deal here soon to turn this humongous ship around.. but it wmih sellls off ill be buyer around 1.90
no way it can go lower, it just cant... i been googling articles on how tlt is overbought and it should be a top... the article writers probably know more than me?? some even say manipulation so now what.. market just has to be wrong here
pure 100% manipulation lodas, we got to email the company to look into this or even the sec, hopefully we can get to the bottom of this..
huuuuuuuuuugee resistance, a tough nut to crack... its struggling to get thru.. this is how resistance works... until it closes above.. stay patient if your waiting for a long or wait for a bigger dip, perhaps 1.93