G-TA buy play: EFSF

[eliteG]

I wanted to open a thread for discussion on this play for those in it. 

EFSF 

Here are the charts from yesterday:

[eliteG]

Here is a 5-minute update and I'll try to continue them: 

[eliteG]

 

[Loffigus]

Do you think EFSF is still a buy at this point? 

[eliteG]

Do you think EFSF is still a buy at this point?

My 1st target is ~.70.. but with the right magic it can be over a dollar.. but I cant deny that it is risky at this point.  Maybe wait for a pickup at the inta-day 20ema.. other-wise its entry with a tight stop.

[eliteG]

the quality of the pullback is important to watch 

[eliteG]

The next few minutes should be intense.  Will EFSF find support in this area? (0.5300)

[garym]

OT Topic (kind of)

The SOF website is often extremely slow and difficult to reach. 

Are there any plans to upgrade the site? 

This is relevant given your near real-time analysis, which we all appreciate but requires timely access.

[eliteG]

OT Topic (kind of)

The SOF website is often extremely slow and difficult to reach.

Are there any plans to upgrade the site?

This is relevant given your near real-time analysis, which we all appreciate but requires timely access.

I did not know that this was often?  I will talk about it with the team.  The correct place for this post is the feedback board. 

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EFSF - sharp retrace to gap support.. which it is trying to bounce from now.  I am holding still. 

[tokyopua]

I am in near the highs of the days, typing with white knuckles now lol.  Still hanging on for now.

[tommyt]

I don't see any volume on this pullback, I'm sensing a headfake

[eliteG]

EFSF - Steep steep drop  .. but probably an over-reaction.  The main support line is .45.  I am still holding and my main reason is the amount of money being tossed around this stock.. over $6million today and even more yesterday.  (I multiply the volume times price to get that number).

[Loffigus]

This is acting like a pump & dump stock.

It is taking out the $.45 support! 

[eliteG]

This is acting like a pump & dump stock.

It is taking out the $.45 support! 

penetrated but not defeated  .. perhaps a viscious shakeout.. I'm still holding but man dont for one second doubt that I wish I sold up up there.. to re-pick up here.  but thats the penny momentum game   .. lets see a bounce!

[Loffigus]

Still hoping that this closes green today.
Picked up some at $.45

Did this pullback kill the stock technically?  What is your stop on this trade Elite?