3SOF

Closed pushing new highs at the end. 160+% normal volume today and up 500%.

Thoughts on whether it will gap up in the morning?

I need to start paying attention at when things are really on fire. Would have loved to get in on this. Man.....

After a run like this, what are the chances of a continued run and what was the news to make this run up?

Never mind, just saw the news. Dang it! Would have loved to have day traded this. 

The new was pretty big. FDA approval of one of their products along with details on a deal they have for distribution in China.

Over on Hotstockmarket, the guys feel like it will gap up and be over a nickel early tommorrow. I hope thats not just wishful thinking.

If that is the case, maybe I should buy some of that and sell it just as quick. 

patience pays

no need to sell just as the 200dma broke and the uptrend started.

Quote from: doyerdiligence on February 07, 2007, 08:03:24 PM
patience pays

no need to sell just as the 200dma broke and the uptrend started.

So what you are saying is another run up tomorrow should be expected? I do see the 200ma broken so I am encouraged.

PMED had a huge run today up 710% on the day, i was watching earliar in the day when it was up 300% saying man that would have been nice to catch that one, cuz who buys in intraday on a 300% rally?? I know i sure don't. Then i come back after class and its about to close at 700%........ They released some very speculative news today that could turn this stock into a specualtors deam stock, one of those stocks that go from pennies to over $1. Depending on the legitamacy of this news and product of course. So many OB's and PK's have the "to good to be true" story that everyone buys into and gets screwed, such as our experience with IBCX not too long ago, remember that disaster?? Its an even worse disaster now, i bought it at .0092 and looked like a very attractive entry given the "information" the company was providing us with, now its at a measily .0004......... THATS DOWN 95% from when i said to buy, i then managed to get out with a 35% loss. So theres always great risk, you just gotta cut your losses short if the trade isn't going your way, because "you'll go broke waiting for a bounce". And of course you can always re-enter if the trade is coming back into play. So in the case of PMED, considering an entry after a 710% rally isn't something im interested in doing. Momentum could just keep this thing sky rocketing but thats just too risky for me to guess. When i enter trades, i enter because i know/think its moving up. And you know there will be people taking profits after a 710% rally. But this is definitely something to look into, don't bet the farm of course, but i think at some point given some profit taking and further analysis PMED will be ready to drop a couple dimes in and possibly capitalize on multiple bags.

So the news is that they recieved FDA approval for a new generation of ultra-sound devices. Its not everyday that you see a stock trading at .0039 get approved by the FDA, thus the speculation and 710% rise we witnessed today. What i see potential for here is that we have the new FDA approved product that gave rise to speculation and rise in price. From here on out theres the possibility of a string international orders for this product to keep the momentum going. Now hey this is all just possibilities so don't take my word for it, but this is how those big 100 baggers start. And someday we'd all love to catch one, and your not gonna unless you try. But you gotta be smart about it. Take some profits on the way up, don't get greedy and watch your money dwindle away cuz your just waiting for that bounce. So for now we got a start, a new product to speculate on, now in order for us to capitalize on this trade we need someone to start buying this product. They say they already have some orders in place but havnt disclosed any details, and those details are the key.

Im not looking for any entry point yet just watching, watching closley. Technically we could called this the "3 magic lines strategy" as coined by one of our members Terliso. Look at any penny stock that rose from pennies to the dollar and i'll say 99% of them had this pattern. Which is the 50ema, 200ema, and 200ma clustered together with price trading relativley flat for a medium to long term period and sudden huge rally on heavy volume breaking out above all three ma's. PTSC and JAVO are 2 examples that come to mind for the moment but there are many more. This could just turn out to be another worthless pump and dump penny but its definitley worth keeping an eye on imo.

regards,
fous

Fous...what are you thoghts on what we've seen thus far today. I have a relatively small position that ive been holding for almost a year when I bought on the last big spike. Im willing to risk it and hold on the chance that this thing is really going to run like ptsc (i bought that one and sold at .40 on the way up).

It seems like its been pretty strong so far today with a lot of ppl taking profits from yesterday. Thanks for the analysis.

I want to buy back a small amount for long term when it goes back down to the low .02s.  I have a feeling that many people are waiting for a better price too.  IMO

good post fous, applaud

700% in a day is crazy, and it's hard to judge when a stock goes barbarian like this. it's why speculation is served best by getting in before the major volume. This previous downtrend for 8 or so months is only going to bolster the power of this upcoming uptrend. 160mill then 90mill traded on a 200million shares outstanding stock.  so even if it was accumulated for the months before and the float was 100million. you can see what that 250+million would do. from this base of .02x it can continue higher. this move has been 2 years in the making and the volume is saying the time is now, breaking the 200 day moving average. This can obtain .1 and higher because i'll speculate to say the float is locked up, from people like me who accumulated years before and from people who bought millions on the FDA news. Also suspicious activity gapped up to .047 which is the 52 week high, only to later open at .04. So this goes to show me Consolidation now in this .02x range will only go to further the strength when it pushes through .05 and beyond.

GL all long term holders and new speculators. whoever talked bad in the past was too busy distracted by their ego, they will never make good traders. it can make a good case study of how not to let your emotions take over your trades, those people in the past can eat some phat crow now.

More background information that makes me want in.

Any thoughts on todays action?

Nice consolidation. Buy the next breakout if it happens.

hi,
got in pmed today .021
looks like a steps play , decent volume today . and a touch of the 10ma . might be ready for another run up. didn't end the day on the high so might open lower . a good chance to get in .
maxi