General rule of thumb...Volume just shows the lack of conviction. It is not about what I think or want... I'm long PUTS on SPY & QQQ and believe we are in a tipping point with 10%+ correction on SPY
I guess this rally is moves up on only QE fumes... Setting new highs on lower & lower volume. Sounds like a healthy market, not to mention the other divergences.
Really? 500K shares is large block for a penny stock?
First target of 0.45 hit... No bounce so far, which means still think it is poised to go lower. Looks like 0.33-0.37 is in the cards before any meaningful bounce.
Stocks don't go up/down in a straight line. I see that you've difficulty reading simple terms like target 1,2,3??? let me make it simple... In the recent past every time NIHD broke another all time low it fell by another 25% to 30%. So, please do the math... Wait a minute... I already did and posted it.
"First target is 0.45"
My first target right around the corner... Also, like I said... the previous lows did not hold. Most likely looking at NIHD to move below 0.4
Gee... I did not know typing in 2013 instead of 2014 was the crime of the century. Anyways, my first target is almost hit... today's low was 4.53 and threatening to go lower. So, forget the typos and paid attention to the price targets.
Well... watch 0.46 closely and I personally don't think it will hold (unless some positive news comes out) but @ mid 30's it will be due for another bounce!
Like I said... Will be still watching NIHD and it broke 055-0.53 support on bigger volume. Selling is not done... It will push in to mid 40's to even mid 30's.
First target is 0.45
Second target 0.39
Third target 0.35
If you think this sis going BK then stay way from it. I also think the broader market is going to roll over big time and that doesn't bode well for NIHD either.
For some older timers on the board... Howz it going? I've been In/Out of WLT several time as posted below (All trades via options)
I rode WLT from $10 to $16 (Long) June-Sep 2013
$18 - $14 (Short) Nov-2013
$13.5 - $14 (Long) Jan-2013
$13-$10 (Short) Jan 2013
$6.5-$7 (Long) May 2013
I think it can go to $4.5 and if the broader market falters even $4 and at that point you can load up for a ride up to $7 or even $10 if coal finds life. Obviously, if if you think they are going to file for BK then stay away from this name.
Gee... All time highs for QQQ??? Were you around in the year 2000??
I Closed out the out the puts when WFC traded down to 49.8 on Friday morning. Barely squeaking a gain... Well, I was wrong and was happy to close out my position for any gain.
Now WFC is poised to move up to 52 (if the broader market doesn't tank) and between 52-52.5 it will be a good time to laod up on PUTS for a downside to at least $45 (If broken looking at $35)