I think you guys miss the point, the entire oil and gas industry are lead by complete idiots, they do know how to drill, don't get me wrong. they do know oil. but beyond that these are the neanderthals of the human race. period.
if Texas really wants to be their own country, by all means we should allow it. id never want anything in Texas to be called American or human for that matter.
I hear you brother. I started as an MWD then went into DD for a directional drilling company. I can honestly say I have never seen a work culture in my life like the oil and gas business. These guys in Texas, well every where are plain crazy. I met the worst people in my life while working in west Texas and South Texas in the Eagle Ford, it only got worse in North Dakota. I cant even put into words the "personalities" I encountered.
They don't care about "professionalism and quality of work or character" they seem to care more about their gun collections, golfing and drinking prowess. If you can golf and drink then you've got a job !
I can say that the "texas" world is unlike anything I have ever encountered. And again I cant even start to try to describe these people.
Anyways, it is what it is.
I am no longer in directional drilling. I do have friends at Baker and Halliburton.
I see a brown stain in the gutter, Yo Demonboy,,,,that you?
your right, technicals are important. but technical are self fulfilling prophecy. Your either a chart reader or a chart maker. Somebody has to build the chart while others wait until the pattern is formed. And not al charts adhere to basic technical rules. Put simply not all stocks respect trend lines, moving averages, BBs or anything else. While others do.
maybe you'd like to share your insights further ?
As far as I can see, there are absolutely ZERO indicators that suggest a bullish move up anytime soon, so does one just wait and see wait for that massive volume 10pt day?
Or just nibble and get positioned before it happens?
walking up a stock, requires a considerable amount of shares, engineering a rally requires time to accumulate those shares and not to give it away and send a signal, youd want to nibble and possibly discourage others along the way.
so, what say you?
I have been lucky to have bought several stocks while under $5 and sold for over $50 within a year. It does happen !
My only regret was not buying more. This time Im not letting that happen.
If you soak up the float. This will not be so easy to manipulate anymore.
There may be 1 maybe 2 operators that are swinging this stock back and forth. soak up the float. Don't trade it.
Make it harder for him to manage the price.
This is a major waiting game. These sharp moves on a pivotal day like today are meant to play with your heads. anything it takes to make you sell your shares. this could last another two years. so just scoop up shares no matter how cheap they get. CANV is a leader and primed to move hard and fast once the games stop.
don't be discouraged. buy all you can when ever you can.
being unable to get a woody when that smoking hot chick you've been dreaming about finally comes over.
what a HUGE huge disappointment. I mean HUGE
its hard to get hurt options these days when the darn bid ask spread is a mile wide its hard to imagine that anyone would be trading them.
ive done a little directional drilling myself and ive only seen CAT diesel engines used. HUGE ones.
Bakin, Permian, EagleFord
I have Etrade. and used to use Schwab and they were by far superior service to Etrade,
anyways, Etrade lies about the 1 second trans.
anyways, good luck. I am accumulating this dog as long as its in a solid base.
"the longer the base the higher the rise"
your a tough crowd all by yourself.
what happens on Monday doesn't matter.
and being wrong once on a particular day is called being "human"
I made 1500% last year trading options only and I was wrong plenty of times. but when I was right. I WAS RIGHT !