3SOF

Quote from: jorgegr on July 20, 2006, 11:01:27 AM
I've been wondering since July 14th (look at Rickjust's chart) that candle with an
abnormal booking at a ridiculous low price.
After that unusual event this stock changed its pattern.
Was it a warning of some kind to the market??
After that signal (you can read my previous messages here and in another new thread)
I started to day trade and was very lucky in selling on highs and reentering on
lows.  

jorgegr

That fat finger trade was probably a mistake, happens alot with these pennies.

Quote from: pompano on July 20, 2006, 10:54:29 AM
I predict CHDT ends the day with a DOJI reversal star.

I would be happy just to see a hammer, but I am rooting for the doji reversal, and even maybe closing up... going in the right direction at the moment!

A close at 0.12 would be a hammer, I would really really love to see at least that!

Quote from: pompano on July 20, 2006, 11:11:44 AM

Quote from: jorgegr on July 20, 2006, 11:01:27 AM
I've been wondering since July 14th (look at Rickjust's chart) that candle with an
abnormal booking at a ridiculous low price.
After that unusual event this stock changed its pattern.
Was it a warning of some kind to the market??
After that signal (you can read my previous messages here and in another new thread)
I started to day trade and was very lucky in selling on highs and reentering on
lows.  

jorgegr

That fat finger trade was probably a mistake, happens alot with these pennies.

I agree, I think somebody tried to enter a limit order at say 0.18 but accidentally entered .018 for example, and it got filled!  I posted about this earlier as a friendly reminder to all of us to be careful when entering orders with penny stocks because that decimal place can be easy to get wrong! 

In with you guys at .11

Hmmm, wonder who picked up 3 million shares at .1095.... Someone stocking up maybe?    That's a pretty good chunk of change.

$328,500  worth of change.

Maybe check the "Stockster" selection list in a few days...??

Reentered  again at 0.11

jorgegr

In at 10.7 but it's grinding lower. Thick layer of support between .09 and .10 - might add some if it slips into the 9's. Only playing for a bounce to ~15. I think there's a better chance of seeing zombies roaming the streets than seeing CHDT at .20 again in the next three months.

Quote from: Lucas Scott on July 20, 2006, 01:43:27 PM
In at 10.7 but it's grinding lower. Thick layer of support between .09 and .10 - might add some if it slips into the 9's. Only playing for a bounce to ~15. I think there's a better chance of seeing zombies roaming the streets than seeing CHDT at .20 again in the next three months.

Does that include in the movies?  I could put in Dawn of the Dead tonight if it would help! 

I should have specified, zombies in the movie and zombies in video games don't count. Has to be real live undead zombies that will eat your brain if you get too close to them

Maybe CHDT gets a better bounce tomorrow. 10 has been good support today.

Not much love in today's action.  If there is anything positive to glean after today it is that CHDT is sitting on triple support with a horizontal line, as Lucas mentioned, plus the 50ema and ascending trendline.  I'm not convinced that all of that will be enough to bring the love back but it's what we have to go on for now.  Momentum no longer exists for CHDT so unless God himself (or herself) starts buying some generators and roof tiles, only the patient investor willing to hold for a little while will do OK.  Or wait for a spike and SELL, SELL, SELL!!!!!!  It is sure to be volatile so the nimble trader - one much smarter than me - will be fine also.  This is all just my opinion so please take it for what it's worth and make decisions based on your own DD.

I think I'll mosey on over to Snowcat's Joke of the Day and cheer myself up. 

it s crazy to enter a stock that sells with very high volume...and there is no reversal candle yet....furthermore i don t understand why 3sof not selling all at 0.2 and move on....i stopped looking at fundamentals (pennystocks) the same happened with chid, gv here. ...over 100% profit ... all disappeared..why not trade just momentum, especially in this market now. (only my opinion)

ket

the ema 9 didn t hold....

frustrating, really frustrating for this stock! I added a lot around 0.15 -0.16. any suggestions? thanks!

hey Ket - yeah I agree there is risk to buying today and I was tempted to close out my position before the close for a small loss. But most the volume came between .10 and .11 so there was an equilibrium between buyers and sellers there. CHDT dropped from .13 at the open to under .10 a half hour into the trading day on only about 3M shares (out of 43M for the day).

I don't look at fundamentals for pennies either. It's a waste of time. I only do it when I'm a bagholder and trying to find some silver lining (i.e. "it's down 80% but they have no debt so I'm not a total idiot for holding" - that sorta thing). A good case for NOT looking at fundamentals is PAIV. Cesar/David Randolph covered PAIV in May on his OTC site when it was at .005 and said it should trade at .001 based on fundamentals. Today it hit a high of .28. Say you put $5k into PAIV at .005. Today you could have sold your shares for over $250,000! David was probably correct in his fundamental analysis, but almost all penny stocks trade on momentum and not intrinsic value.