3SOF

David Randolph · September 09, 2005, 09:02:16 AM

It would be nice if HQSM.OB held the $0.28 level, because that's the 50% Fibonacci retracement. Anyway I will continue holding this penny on the 3 Pennies on Fire Portfolio, I believe in the fundamentals of the company and see a new bullish move coming.

422fwhp · September 10, 2005, 11:27:29 AM

David, are there any rules to follow in determining retracement levels? i.e. Which Fibonacci retracement level...or is it just a "wait and see" thing?

Thank you,
Jody

David Randolph · September 12, 2005, 07:46:28 AM

Quote from: 422fwhp on September 10, 2005, 11:27:29 AM
David, are there any rules to follow in determining retracement levels? i.e. Which Fibonacci retracement level...or is it just a "wait and see" thing?

Thank you,
Jody

It is a mathematic thing. Metastock puts this on the chart automatically. But it's simple, 50% retracement is the half way between the beginning of the rally and its end. 23.6% retracement means the stock has given up 23.6% of its up move but still holds 76.4% of it.

Generally, a retracement that is of less magnitude than 50% is considered to be bullish (probably the advance was based on solid fundamental developments). If the stock retraces more than 61.8% probably you should forget about it, the advance is over and the trend is now clearly bearish.

For HQSM.OB you can see it is holding just above the 50% retracement level pretty well. I will continue to hold it.

422fwhp · September 13, 2005, 02:26:25 AM

Thank you.

Ramsburg · September 13, 2005, 09:00:49 AM

Note:
David had to go take care of some personal affairs, and will not be here before the opening bell.
He just called me, he will hold this position, and the update will be posted during the session.

Best regards,

David Randolph · September 14, 2005, 08:11:06 AM

I like the white candle and the volume on HQSM.OB. I was ahead on my trade, behind, and ahead again. This is exactly the kind of stock that I want to hold on the 3 Pennies on Fire Portfolio, technicals are all right but I need a strong fundamental background too.

HQSM.OB provides that, so I'll continue holding this penny stock, updating this analysis everyday with new technical or fundamental information.

David Randolph · September 15, 2005, 08:16:28 AM

Holding HQSM.OB for the foreseeable future. I'm unable to post chart but this is a fundamental analysis based trade.

David Randolph · September 16, 2005, 08:16:55 AM

After a correction to the 50% Fibonacci retracement level, HQSM.OB is ready to form a new advance phase. Revenues and earnings are growing every quarter, so the share price will probably do the same. I will continue holding HQSM.OB.

Terliso · September 19, 2005, 01:13:50 AM

Well what can i say. TILAPIA is really good... if you guys got a chance to go to PHILIPPINES Tilapia is everywhere, you could buy it at very cheap price

BTW.. if you happen to see & buy a fresh Tilapia and the better way to cook it ....wrapped a foil around it and berbecue it ..very nice & tasty..

David Randolph · September 20, 2005, 08:18:32 AM

Quote from: Terlisa on September 19, 2005, 01:13:50 AM
Well what can i say. TILAPIA is really good... if you guys got a chance to go to PHILIPPINES Tilapia is everywhere, you could buy it at very cheap price BTW.. if you happen to see & buy a fresh Tilapia and the better way to cook it ....wrapped a foil around it and berbecue it ..very nice & tasty..

Thanks for this input on one of the products HQSM.OB sells. If the product is good, the company will expand to sell worldwide. Also, the fact that HQSM is opening businesses and offices in the US will add to its credibility.

This is also a long term holding of the 3 Pennies on Fire Portfolio, I can't sell when I «know» good numbers are coming and the stock will rise. RULE 79 says «Both Long and Short Term Trades Start Off as Short Term Trades, but Winning Trades Are Long Term».

Let's see if it holds the 50% Fibonacci retracement level, but I will hold the stock whatever happens.

David Randolph · September 21, 2005, 07:35:29 AM

Nothing new on HQSM.OB, the stock put in a doji around the 50% Fibonacci retracement level. Might be the bottom

David Randolph · September 22, 2005, 08:20:06 AM

5% advance day escaping the 50% retracement level is a good technical development for HQSM.OB. I feel very confortable holding this penny stock.

422fwhp · September 26, 2005, 06:25:48 AM

Looks like Friday it closed right at the 50% retracement level. Now lets see some action!

David Randolph · September 26, 2005, 07:06:16 AM

Quote from: 422fwhp on September 26, 2005, 06:25:48 AM
Looks like Friday it closed right at the 50% retracement level. Now lets see some action!

Volume has increased too. Everything is set for a beautiful white marubozu to unfold. I simply love the fundamentals of this company and some of you told me it has a good product too.

I will continue holding HQSM.OB, whatever happens with the share price.

David Randolph · September 27, 2005, 09:53:44 AM

Just leaving the updated chart, I will continue holding HQSM.OB.

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