Learn how to read charts....then you'll be playing. Know the rules before you play the game, if it doesn't make you a winner, it'll at least increase your chances. Best part is that it's all free and on google.
This thing blew through 2 major supports in a blink of an eye today, big red flag to take your money and run. For the people who just got in, hope it holds the next support around low 5's (may get a bounce there) or this may fall to 4's again. Looking at the history though, these type of moves are pretty normal for this stock....but it's painful to watch it go down 21% knowing there are still so many believers here.
I do believe they are new traders. Similar to last year around this time, there were a lot of new pumpers who came in. It looks like promoters have taken interest in AMBS as well. If things go well, we could go back to 8's very soon. I'd keep an eye out for promotions....could be another similar set up like last year.
But for now, things look very positive for the stock.
Shot passed 20/50 day MA on decent volume. Very nice close on Friday and very good week. Early signs that stock is going back up. Pumpers/traders seem to be lining up again as well as some promoters. Move to 8's likely in the near future if next week stock performs well.
one last thing I'll say is that if your scared to leave money on the table, dont. If ambs runs, it'll be a steady climb. a lot of shares need to be absorbed before it goes back to old levels, traders will smell it coming from miles away. There's several key resisted levels even before 10...all the old supports have become the enemy. I'll just say it won't be too crazy to see 3s if no reversal. I think at the worst case scenario, we may see 2s and 1s before it bottoms. declining volumes and lack of news will offer some confirmation.
Just being honest, that's just my view given what I've seen. Good luck, I'll post when and IF I buy back again. Signals for thst would be increasing buy volume and significant news on revenue or nondil. funding. Not the first time I've been wrong so take what I said with a grain of salt =/
I've been making posts after hours with my free time, because I spend my not free time doing DD and work. If your going to feel proud by 'exposing' me as a basher then at least do me the courtesy of reading my whole post where I say exactly what ill be doing and what i think is the best strategy going forward. I'll be playing the next pump and dump. Besides that, there are more interesting companies out there.
Since I still own some shares that i still need to unload, I posted this message because I don't give a #$%$ where this is going now. And I'm sure I'm not the only one that feels that way.
If you haven't left by now, look around. Nothing but trolls on this board now. It's unfortunate to say this, but I am not seeing anything positive in this company anymore. It's a shame...this company had full potential this year to go down the same path as NVIV and the select few others that have graduated from the OTC.
Now that all the bullets have been fired...there's nothing really left. It's sad seeing the CEO squirm in the face of crushed shareholders. I don't know what he's so excited about all the time.
The company's been turned into the same #$%$ like most other OTCs. Might as well let this keep falling and just ride the next pump and dump. To be frank, I do believe share prices may keep falling in the next several months...there hasn't been any indication otherwise (LARGE float, declining volumes, and no potentially ground breaking news in near term).
It's really a personal decision, but with 1BN+ shares outstanding, I don't see this stock shooting up with ANY type of announcement. If it reverses, it'll be a slow walk up....not very easy for a OTC traded stock with so many shares to shoot up.
Putting his CFA degree to good use, backtracking to get to 15 cents. Put in a random $10M in revenue and makes up a discount rate
It always does this before a conference. Thought you'd knew better by now. Traders making a killing on AMBS.