and this chart looks HORRIBLE. Right now, at this present time, this is NOT a buy. I like the company..but it's stock stinks. You have to look at reality not what you hope for. This, at best, looks like it wants to hit a double bottom.
I'm still waiting for the third post claiming the first two didn't matter. If you don't succeed then try, try again until you get it right and then you can say, "hey I was right all along". You're one ignorant guy who won't admit when he has been wrong over and over again using many aliases and probably the posting is done by three people. I hope at least there are three different people posting under the same name. If not you never sleep and don't have a life.
There's so many discrepancies in his posting that he either has schizophrenia or this fund has about 4 guys posting that don't bother reading the others posts before they make idiots out of themselves by contradicting each other. Either way...NOT to be trusted!
Please understand I am not bashing IDRA...the TA is agnostic when it comes to the real value of a company. The TA can be based on a daily six month chart a weekly three year or 10 year monthly chart Please understand all news trumps TA...and often sets new TA.
I have learned a lot over the last 20 years in the market. I still know less than I want to and a lot less than so many people. You never come to the full understanding of TA...you have to be humble enough to say that things can change daily depending on what is happening to the market, sector and stock specifically. So to predict a move in a stock one week off or two weeks off is absurd. Good TA guys base moves for the next day or two generally at best.
I have learned that there are three TA items that must agree to make a move you can bet on and then there's only a 75% guarantee that that move will happen...never, never a 100% guarantee. Here's the three...the Williams % using 10 must cross over the 50 line..at the same time the 5ema must cross over the 20ema and then finally the MACD black line must cross over the red line. All of these can be used with the daily, weekly or monthly charts. All of these can be used to short or go long. ALL THREE MUST AGREE to give your hard earned money to the market and then you have only 75% of a chance that TA working. You can also use this for the sector/general market and then the particular stock you are following. But remember NEWS ALWAYS TRUMPS TA AND THEN AFTER THE FACT SETS TA UP. News in your particular stock, the market in general and in the sector of your stock. Then there's the fib work, trend lines, support and resistance lines,..etc etc etc. But the basic TA is given you on those three indicators No one that I have ever met in 20 years has ever been able to predict a date of a break out...no one. So when someone on these boards predicts a date for a break out don't believe it.
That's very basic stuff but hope it helps, ran out of space.
Now it's the 15th...you're a fraud plain and simple. You assured these folks that no later than the 8th this was going to break out..now it's the 15th and when that doesn't happen it will be the 22cd. Sooner or later you will find the proverbial "nut"...and then you will be toughing how right you were all the while. What a shame!
I'm sorry for you longs...but this is NOT going up..it may bounce but you will see a double bottom for sure and that IMHO will break through this time. Because this is such a newly traded stock they are going to take this baby to the woodshed.
We came close, let's see if we hit 30 something.
The 10dav is 909k.......HELLLLLOOO you're over a M on this today and it's only half way through the trading day.. That's NOT low volume based on the last two weeks.
I read your previous posts and here's a direct quote..
"Yes, buy up as much as you can at $2.55 (With regards to Kdalglish14) If IDRA pulled back to $2.33 (99% change it won't, but lets say it did) That doesn't necessarily mean a break out of it's current trend downwards. One could re-draw the base of the flag as a flat line crossing through both points of $2.33. (A few months ago that was it's low) This would be vs the current drawing with the base line going upwards at a slight angle.
If we drop below $2.3 then yes that is a BAD sign.
But I feel that $2.5 is the bottom and we go up from here (Unless there is a quick re-trace to $2.5 one more time before the take off which I doubt)
Buy in the $2.50's and you'll be laughing in a matter of 2 - 3 weeks. Less"
There's a 10% difference between the 2.55 and 2.33. Some folks would consider that a good year in the market in an average year...yet you throw that difference around like it's nothing. You "doubted" another re-trace to the low 2.50's and it happened today...2.51 just like the other days bottom. In my book that makes you 0/1. There's support before that 2.33 ...so it won't go directly there if/when it breaks that 2.50. But right now you're batting zero.
You're the only one I have seen in 20 years of these boards that celebrates a 4.17% loss. MGM talks like he lives in tomorrow. Give me a break. You should be buying based on this chart but on the SP chart because in the last month when the SP goes down this stock goes down. 1910, 1900, 1860.
Baskette....DON'T guess...the chart will tell you when to buy on the inter day bases. It will drop and then close higher than it opened at. There's your dead cat bounce opportunity. Who knows long term.
Pete...(I know that's not your real name but I have forgotten it so I will use your ID name)
I have appreciated your posts over the past year. One thing for sure..this is tough hit on the confidence of management. This really should have been a slam dunk and there's now doubt. Confidence in management in this field is everything....and for that reason alone I can see a sell off tomorrow. They will have to regain creditability but I don't see that happening anytime soon. IDRA and GALE saw the same type of credibility problem and both of those stocks got pounded. The next couple of weeks will either prove me right or wrong..but I see some tough times for the SP over the next couple of weeks.
Hope you are doing well Pete.
You could try the SEC....they love following early option trades that come out and market manipulation. Linking that poster to what they really saw (which is hard in itself) and their trades would need to be done. A lot of conjectures...which is why the SEC probably doesn't follow through on a lot of these things. Not that they are justified in their lack of due-diligence. As far as I am concerned the SEC is as corrupt as the Mafia...Madoff proved that!