We live in different world today where machines are responsible for 85% of trading volume and these things matter more than ever...
Well... It really depends on your risk tolerance and pain threshold. With a stock like NIHD you should prepare yourself to lose 100% of your $$$. With that being said, Why did you buy it @ over $2? has anythng changed fundamentally for you to not to like at 75% discount? It also depends on the size of the position... Can you average down to cut your cost basis by 50%, 25% etc.... How long do you plan to hold? Just remember that the stock has to quadruple for you to break even..
Some sites track PM/AH trading volumes and some don't... Anyways, the point is a mjor resistance level needs to be broken with strong volume and that did not happen today. Many indicators like MACD, RSi etc. showing bearish-divergances
I use my brokerage (E-Trade) platform, but i think any other source like Stockcharts, barchart, ADVFN, CNBC etc would be be accurate
Some of these institutions might have a break even of $5+ and no point selling something that is 90% down to save 10% + If this goes to zero then they will take the loss for tax reasons. Also, there are no buyers for institutions to dump their shares? Do you think retail can support 75 M? If you are planning to invest then 10-20 cents won't really matter on the long run ( I don't consider NIHD anything more than a trading at this point)
Very simple... the stock should close over 0.70 on a volume 5M shares to make a run at $1
The stock is venerable to a breakdown if it moves lower than 0.52/0.53 and will test the 0.46 low from yesterday. You can buy if 0.45/0.46 holds and reverses... If 0.46 breaks then the next stop is 0.35-0.37 range. At that range it is big buying opportunity.
You really think that these care about 0.50 loss when they have holding all along? At this level it is an option and they really don't care if it goes to zero.
Are you using Yahoo stats for your information? If yes, I'm sorry today's volume was 12M and that is 25% lower than average daily volume.
That is what reverse splits do to a stock... Crooked WS MM screw the retail by selling this POS at the highs and then short it to oblivion.
Yes. MA=Moving Average
Fundamentals for NIHD are shaky at best... I consider this a tradable stock until proven otherwise.
Technically, it did complete the intra-day reversal, but the close was very weak and closed right around the 5 ma/ema.
Tomorrow's action will be the real tell...
Got my big pop today and I got out and made some very nice gains... you know I'm an options guy and seldom trade stock, but this one was priced like and gave me gains like one :)
Technically, the stock did put in an intra-day reversal, but closed terribly. Will have to wait and see...
Like I said, I'm a options guy and I get in/out very quickly. I predicted a 60%-100% bounce from the 0.46 lows and got about 55% in a single day. Gotta ring the register and there is not bigger shame than turning a winning trade in to a losing one.
There was no way it would get past the 20 MA/EMA @ 0.72'ish today off from the all time lows. Now we have to wait and see tomorrow as the close was terrible, but technically the stock did complete it's intra-day reversal on huge volume.
Took my profits today...
My position was 250 K shares @ 0.54 and closed out the entire position at an average of 0.67
Like I said, TA is the one thing that is right most of the times :)
A close above 0.6-0.65 can clear the path for 0.85-1 for starters
Looks like it want to move the 20, 2 of the BB at 0.46 before a bounce... Will just have to wait and see...
How a typical intra-day reversal works...
Open at today's close or slightly lower or higher... Move down sharply to test the prior day's low or even set a new low, then reverse and close higher than the previous day's close... Higher volume would confirm the reversal in the short term trend.
Looking for one of the candle stock patterns
1) Bullish- engulfing
If we break 0.45/0.46 and can't bounce then the above phenomenon will not happen tomorrow. Will have to wait another day...