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PAYD.OB

Started by gmarc66, June 04, 2006, 09:34:47 PM

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gmarc66

PAYD has been getting excellent volume the last couple of weeks, closed almost at the hod on friday on very good buy vol.

Appears that this stock has crossed the g-spot at .298 which was hit on the recent run it had on excellent volume. If Elite g sees this post, could u please clarify that it is infact a g-pattern breakout. It did have higher volume at the beginning of 2004, but wondering if because it happened awhile ago, we can still assume this is a g-pattern.

They have had several news releases recently.

Chart seems to look great, any comments?

News Link:
http://otcbb.com/asp/Info_Center.asp

Here is link for SEC filings:
http://www.nasdaq.com/asp/quotes_sec.asp?mode=&kind=&symbol=DIAAF&symbol=PAYD&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=filings&selected=PAYD

thanks

julia :)

setravis

I not EliteG, but I did see this post... ;D Formed a Double Bottom (Reversal) Pattern.
Made the breakout from the resistance high of 0.22 in this pattern.
Broke through the next resistance of 0.29, yes that is a G-pattern breakout.
Now we may see a re-test of the breakout.
Good volume of late and good news out.

Support @ 0.32...0.29...0.23...0.21
The longer term Resistance is @ 0.49...0.75...0.80, and you have to pull up a 3 year chart to see this.
MACD is Bullish

Recent CandleStick Analysis
Bullish
Jun-01-2006 Bullish Engulfing 
Today's Candlestick Patterns:
White Opening Marubozu
Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.

Important Factors:
Like all other Marubozu, what a White Opening Marubozu says about the future course of the prices depends a lot on the general picture. It may be the first part of a bullish continuation pattern but it may also be interpreted as a bearish reversal pattern depending on the preceding day's candlesticks.

In the case of downtrend a White Opening Marubozu is called as a Bullish Belt Hold Pattern.

The White Opening Marubozu is a single candlestick pattern with low reliability. It reflects only one day's trading and it may show the continuation of the trend but may also indicate a reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.

Last (10) days  PAYD has gained 110.53% .

Double Bottom (Reversal)
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.

Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.

It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.




"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Press Release Source: Paid Inc.


Paid Inc. Moves Executive Offices From Worcester to Boston and Retires Remaining Long-Term Debt
Tuesday May 30, 8:02 am ET


BOSTON--(BUSINESS WIRE)--May 30, 2006--Paid Inc. (OTCBB:PAYD - News) has moved its executive offices, formerly located in Worcester, and another subsidiary office located in Boston into a 5,300 sq. ft. office in Boston's Back Bay area and has retired all remaining long-term debt.


New Office

The new Boston office is designed to accommodate Paid's rapid growth within its celebrity services business which provides fan club management, fan club premium ticketing and experience packages, merchandising and fulfillment to entertainment, music and sports celebrities, as well as sports marketing and NFL player agent representation to professional athletes.

The new headquarters allows Paid to consolidate its administrative staff with its K Sports & Entertainment subsidiary and the staffs of its celebrity services and memorabilia authentication businesses that were previously dispersed in separate facilities. The Company is retaining its fulfillment, customer service and AuctionInc(TM) patent-pending ecommerce software operations and staff in its current Brussels Street location in Worcester.

"The new location consolidates our management and creative staff in one location so we can work more effectively as a team in a facility that better accommodates our technical and space needs," said Rich Rotman, Paid, Inc. CFO and COO. "We are now closer to many of our current and potential customers, as well as the airport, and it offers the opportunity for expansion in the future. Furthermore, the move frees up space within our Worcester customer service and fulfillment center that will be used to service our rapidly growing celebrity services and AuctionInc businesses."

Paid's new headquarters address and phone number is:

236 Huntington Avenue, 5th Floor

Boston, MA 02115

The customer service number remains unchanged: 866-323-8833

Remaining Long-Term Debt Retired Early

Paid also has retired the Series B convertible note with Augustine Fund L.P. (Augustine Fund) ahead of schedule. This action frees Paid of all long-term debt and, more specifically, all convertible debt.

"Paid has reached another milestone with the retirement of our only secured long-term debt," stated Greg Rotman, CEO of Paid, Inc. "We're grateful that Augustine Fund provided the capital necessary during critical periods to grow our business and provided valuable advice and personnel at critical junctures in our development. Augustine's loans helped us fund the development of our patented shipping calculation and auction management processes, as well as the growth of our celebrity services business, which propelled our 2005 revenue to increase more than 165% over 2004, with dramatic revenue growth continuing into 2006."

About Paid, Inc.:

Paid, Inc.'s celebrity services provides famous people with official web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages, and web site content, such as news, polls, message boards, contests, biographies and custom features to attract tens of thousands of visitors daily, as detailed on its web site, www.paidcelebrity.com. The Company also sponsors autograph signing events and other sports marketing services for sports clientele. Using proprietary technology, Paid's innovative AuctionInc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and web site development and hosting. For further information, visit http://www.paid.com.

Forward Looking Statements:

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations and expectations about celebrity programs and events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-QSB with the Securities and Exchange Commission.

Contact:
Accentuate PR
Julie Shepherd, 815-479-1833
[email protected]

--------------------------------------------------------------------------------
Source: Paid Inc.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Press Release Source: Paid, Inc.


Paid Inc. Celebrity Services Carves a Larger Niche in the Sports Arena With Doug Flutie, Ben Graham, Quinton Porter
Monday June 5, 8:01 am ET


WORCESTER, Mass.--(BUSINESS WIRE)--June 5, 2006--Paid, Inc.'s (OTCBB:PAYD - News) rapidly growing celebrity services is chalking up the wins for Doug Flutie, Quinton Porter, Ben Graham and numerous others in its burgeoning list of professional athlete clientele for broadcast, player contracts and marketing.


Kristen Kuliga, one of only a handful of active female NFL players agent, an attorney and VP of Paid celebrity services, has just concluded negotiations on a sports broadcasting contract for Doug Flutie, who recently announced his retirement from the New England Patriots after an amazing, 25-year football career which launched a new football era for Boston College and spanned two countries, three national championships and hundreds of honors. After considering numerous offers, Flutie, 43, has signed a three year deal to be a college football analyst for ABC and ESPN.

"We've had a long history of working with Doug as his NFL player agent and we're extremely pleased that we were able to assist him in launching this new phase of his career," said Ms. Kuliga. "With Paid celebrity services' broad array of sports marketing services, ranging from agent representation and sponsorship negotiation to special appearances and event management, we're able to assist athletes and help them build their image and leverage their brand at all stages of their careers."

Kuliga noted, "Athletes face tremendous pressure and demands on their time and we believe that one of our most important roles is to help professional athletes locate and secure the best opportunities year round that will make their lives easier and help them fulfill their goals in both their professional and personal lives. With the additional web site, fan club, ecommerce and merchandising capabilities available in one stop through Paid celebrity services, we're able to offer our clients far more than traditional sports marketing firms to help athletes monetize their brands and build fan loyalty. Our reputation is growing, in a large part due to our many happy clients spreading the word among their peers. We expect continued client base growth in 2006 and beyond."

Kuliga represents numerous NFL players in their team contract negotiations and recently negotiated several contracts:

Ben Graham

Kuliga assisted Ben Graham in renegotiating his contract with the New York Jets. The six-year deal included a signing bonus, roster bonus and off-season workout bonus each year of the deal. Graham, from Australia, won the starting punting position for the Jets last year after Kuliga helped him secure a tryout and eventual contract with the Jets after playing 12 seasons of Aussie Rules Football where he was one of the biggest stars. With the Jets, Graham was rated the sixth-best in the AFC for gross average punting yards and net average yards.

Graham said, "I am extremely pleased with my long-term contract and for the opportunity with the Jets that Kristen brought to the table for me. I like the security of the long term deal, especially after bringing my family up from Australia."

Quinton Porter

Keeping the Boston College quarterback tradition alive, Kuliga and Justin Foster, Paid director of Athlete Marketing, recently recruited and signed Boston College quarterback Quinton Porter for full representation. Porter signed a three-year contract with the Houston Texans. Since joining the team, Porter has moved up to third on the depth chart.

"I have been very pleased with the services K Sports has provided," Porter said. "Kristen and Justin have been great, providing me with the best opportunity possible with an NFL team and a great endorsement deal with Reebok."

Jeremy Cain and McKenzi Smith

Kuliga also helped Jeremy Cain, a long snapper and linebacker with the Chicago Bears, negotiate a three-year deal allocating him to NFL Europe where he played in the World Bowl on Saturday, May 27th for Amsterdam and posted 39 tackles for the season with Amsterdam. In addition, Kuliga worked with McKenzi Smith to sign as a running back with the Kansas City Chiefs after a stint on their practice squad and a season in Europe with the Amsterdam Admirals where he started in five games.

About Paid, Inc.:

Paid, Inc.'s celebrity services provides famous people with official Web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages, and Web site content, to attract tens of thousands of visitors daily, as detailed on its Web site, www.paidcelebrity.com. The Company provides a broad range of sports marketing services for professional athletes and also sponsors autograph signing events. Using patent pending technology, Paid's innovative Auction Inc brand shipping calculation and auction management software and services are utilized to streamline online auctions, ecommerce and Web site development and hosting. For further information, visit http://www.paid.com.

Forward Looking Statements:

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations and expectations for its roster of clients. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-QSB with the Securities and Exchange Commission.

Contact:
Accentuate PR (for Paid Celebrity Services)
Julie Shepherd, 815 479 1833
[email protected]

--------------------------------------------------------------------------------
Source: Paid, Inc.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

Thanks Setravis for ur imput. ;D

I did sell this a.m at .389...i should have held, but I get to nervous on gap ups...i was thinking of getting back in...but it was such a bear day i just decided to sit on my hands today. Although this stock did well again today and held up nicely.

U let me know when its a good time to jump back in for a quickie ;)

julia :)


setravis

#5
Making the Golden Cross....... ;)

Volume: 3,127,380
Avg Vol (3m): 736,946
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Broke through and closed above the resistance @ 0.49
Next longer term resistance @ 0.75
Support @ 0.45...0.32...0.29

Volume: 5,949,102
Avg Vol (3m): 779,703

MACD is Bullish
Stochastic is Bullish


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

kshacks

Hey Guys

Is PAYD a good buy at this point ? I dont own it yet so looking for the right entry point.

Any inputs would be cool.

Thanks

Keith

setravis

Press Release Source: Paid, Inc.


Paid, Inc. CEO Greg Rotman to be Featured Live on Market News First
Friday June 23, 10:23 am ET


WORCESTER, Mass.--(BUSINESS WIRE)--June 23, 2006--Paid, Inc. (OTCBB:PAYD - News) will be featured in a live interview on Market News First (MN1) www.MN1.com at 9:30 a.m. CT Wed., June 28, 2006. Paid, Inc. CEO Greg Rotman will discuss Paid's online shipping calculation and the Company's new licensing opportunities that may result from a patent that the Company expects to receive soon based on a recent verbal Notification of Allowance from the U.S. Patent and Trademark Office. Additionally, Mr. Rotman will discuss the 200+ percent annual growth of Paid's celebrity services business that serves some of the music, entertainment and sports industries' biggest names, as well as the company's overall growth strategy.


To hear the interview, go to www.MN1.com and click on "Listen to MN1 Radio." The live broadcast is available free via the Internet. It will be archived on the site for replay following the interview, accessible through the "Downloads and Podcasts" tab.

About MN1.com

Market News First is the only online destination that brings real micro-cap news to investors and features live interaction with companies from the Bulletin Board, Pink Sheets, and Amex. Featuring live press conferences, all-day live trading commentary, analyst profiles, interactive forums, news items, and "The MicroBlog," MN1.com gives micro-cap investors the information source necessary to trade in the markets. MN1.com boasts being the largest true news company reporting on micro-cap traded stocks free of charge to investors and featured companies.

About Paid, Inc.:

Paid, Inc.'s celebrity services provides famous people with official Web sites and fan club services that include e-commerce storefronts, ticketing and fan experience packages, and Web site content, to attract tens of thousands of visitors daily, as detailed on its Web site, www.paidcelebrity.com. The Company provides a broad range of sports marketing services for professional athletes and also sponsors autograph signing events. Using patent pending technology, Paid's innovative AuctionInc(TM) brand shipping calculation and auction management software and services are utilized to streamline online auctions, E-commerce and Web site development and hosting. For further information, visit http://www.paid.com.

Forward Looking Statements:

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations and expectations for its patent application and software business. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-QSB with the Securities and Exchange Commission.

Contact:
Accentuate PR for Paid Celebrity Services
Julie Shepherd, 815-479-1833
[email protected]

--------------------------------------------------------------------------------
Source: Paid, Inc.
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Great find Julia !  ;D
I must Applaud you again.....  ;) Great stock hunting..... :D

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Press Release Source: Aero Force One


Aero Force One, Aerosmith's Official Fan Club, Launches Ticket Presales for the ''Route of All Evil'' 2006 Tour With Motley Crue
Wednesday June 21, 6:00 am ET


BOSTON--(BUSINESS WIRE)--June 21, 2006--Aerosmith fans, get ready to rock like never before! Aerosmith, America's greatest, no-holds-barred rock 'n' rollers, will be joined by Motley Crue for the raucously wild "Route of All Evil" tour that will scream through amphitheatres across North America starting in September 2006. Members of Aero Force One (AF1), Aerosmith's official fan club, will be among the elite with first dibs to purchase premium tickets and fan experience packages that entitle them to revel in some of the best seats in the house. AF1 fan club presales for the first events will begin at 10:00 a.m. ET, Wednesday, June 21.

 
Want a shot at getting tickets in the coveted rows 2-10? Simply join Aero Force One! All fan club members, regardless of seniority, can participate in AF1 ticket presales that start prior to on-sale dates for the general public. But hurry and join now. Premium tickets and fan experience packages are limited.

Aerosmith, the greatest American rock band of all time with more than 100 million albums sold, has a diehard fan base numbering in the millions worldwide. Fresh back from a break during which the band worked on a brand new album yet to be released, Aerosmith will be struttin', stompin' and screamin' on stages across North America as they continue their reign at the forefront of rock 'n' roll.

AF1 Ordering Information

AF1 members can purchase a maximum of four tickets per show, from a variety of fan experience packages that include tickets, backstage tours, pre-concert parties with prizes, and exclusive AF1 memorabilia. Prices and available offers may vary by venue.

The limited number of tickets and ticket packages will be sold on a first-come, first-serve basis. A portion of the best seats available for the fan club in all venues will be reserved for the most senior members of AF1 independent of the level of ticket package they purchase. The number of tickets available to AF1 members will vary per venue.

The most convenient way for fan club members to buy tickets and access tour information is through the AF1 web site, www.aeroforceone.com, managed by Paid, Inc (OTCBB:PAYD - News). The fan club membership and ticketing information hotline is 508-791-3853, 9 a.m.-9 p.m. ET.

Confirmed tour dates and ticket pre-sales dates for Aero Force One (AF1) members are as follows:

Date         City            Venue                 Pre-Sale Status
----------------------------------------------------------------------
Thu Sep-14   Holmdel, NJ     PNC Bank Arts Center  Fri, 6/23 9 a.m. ET
----------------------------------------------------------------------
Tue Sep-19   Wantagh, NY     Jones Beach Theater   Fri, 6/23 9 a.m. ET
----------------------------------------------------------------------
Sat Sep-23   Camden, NJ      Tweeter Center        Wed, 6/21 9 a.m. ET
----------------------------------------------------------------------
Tue Sep-26   Mansfield, MA   Tweeter Center        Wed, 6/21 9 a.m. ET
----------------------------------------------------------------------
Sat Sep-30   Bristow, VA     Nissan Pavilion       Wed, 6/21 9 a.m  ET
----------------------------------------------------------------------
Thu Oct-05   Tinley Park,    First Midwest         Wed, 6/21 9 a.m. ET
             IL              Bank Amphitheatre
----------------------------------------------------------------------
Sat Oct-07   East Troy, WI   Alpine Valley         Wed, 6/21 9 a.m. ET
                             Music Theatre   
----------------------------------------------------------------------
Mon Oct-9    Cincinnati, OH  Riverbend             TBA
                             Music Center
----------------------------------------------------------------------
Wed Oct-11   Detroit, MI     DTE Energy            Wed, 6/21 9 a.m. ET
                             Music Theatre
----------------------------------------------------------------------
Fri Oct-13   Indianapolis,   Verizon Wireless      TBA
             IN              Music Center 
----------------------------------------------------------------------
Sun Oct-15   St. Louis, MO   UMB Bank Pavilion     TBA
----------------------------------------------------------------------
Tue Oct-17   Bonner Springs, Verizon Wireless      TBA
             KS              Amphitheatre
----------------------------------------------------------------------
Thu Oct-19   Nashville, TN   Starwood              TBA
                             Amphitheatre
----------------------------------------------------------------------
Sat Oct-21   Charlotte, NC   Verizon Wireless      TBA
                             Amphitheatre
----------------------------------------------------------------------
Mon Oct-23   Raleigh, NC     Alltel Pavilion       TBA
----------------------------------------------------------------------
Wed Oct-25   Virginia Beach, Verizon Wireless      TBA
             VA   
----------------------------------------------------------------------
Thu Nov-2    Mountain View,  Shoreline             TBA
             CA              Amphitheatre
----------------------------------------------------------------------
Sat Nov-4    Las Vegas, NV   MGM Grand             TBA
                             Garden Arena
----------------------------------------------------------------------
Tue Nov-7    Hollywood, CA   Hollywood Bowl        TBA
----------------------------------------------------------------------
Thu Nov-9    San Diego, CA   Coors Amphitheatre    TBA
----------------------------------------------------------------------
Sat Nov-11   Devore, CA      Hyundai Pavilion      TBA
----------------------------------------------------------------------
Mon Nov-13   Phoenix, AZ     Cricket Pavilion      TBA
----------------------------------------------------------------------
Wed Nov-15   Dallas, TX      Smirnoff              TBA
                             Music Centre
----------------------------------------------------------------------
Fri Nov-17   San Antonio,    Verizon Wireless      TBA
             TX              Amphitheatre
----------------------------------------------------------------------
Sun Nov-19   Houston, TX     Cynthia Woods         TBA
                             Mitchell Pavilion
----------------------------------------------------------------------
Wed Nov-22   Tampa, FL       Ford Amphitheatre     TBA
----------------------------------------------------------------------
Fri Nov-24   W. Palm Beach,  Sound Advice          TBA
             FL              Amphitheatre
----------------------------------------------------------------------

Additional tour dates will be announced and go on sale at staggered intervals thereafter. For show dates visit: http://www.aeroforceone.com.

Aerosmith's official tour announcement is available at http://www.aerosmith.com.

About Aerosmith:

For more than 30 years, Aerosmith has defined American Rock 'n' Roll. Just a brief overview of their remarkable career is truly mind-boggling: honored Rock & Roll Hall of Famers with over 100 million albums sold, countless awards (Grammys, American Music Awards, Billboard Awards, MTV Awards), and a diehard fan-base numbering in the millions worldwide. The members of Aerosmith remain creatively vital, and are the platinum standard for artistic and commercial success in the world of music entertainment.



Contact:
For Aero Force One:
Accentuate PR
Julie Shepherd, 815-479-1833 (Media)
[email protected]
or
For Aerosmith:
MSO
Mitch Schneider or Marcee Rondan or Todd Brodginski,
818-380-0400

--------------------------------------------------------------------------------
Source: Aero Force One
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Bouncing to the upside from a 50% Fibonacci retracement.
She is going in waves..... ;)

Volume: 1,992,837
Avg Vol (3m): 1,152,900

Support @ 0.49...0.41...0.34
Resistance @ 0.70...0.75

MACD Is Very Bullish
Stochastic is neutral

Today a White Candlestick was formed. This represents normal buying pressure.
Important Factors:

The White Candlestick is not a reliable pattern like most other single candlestick patterns. Only one day's trading is reflected in a White Candlestick. Hence it has potential to be interpreted as a continuation pattern as well as a reversal pattern. The neighboring candlesticks must be taken into account to have a healthier decision if the trend is continuing or not.

Recent CandleStick Analysis:
Very Bullish
Jun-23-2006 Bullish Engulfing
The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

Definition:   
Bullish Engulfing Pattern is a pattern characterized by a large white real body engulfing a preceding small black real body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. The Bullish Engulfing Pattern is an important bottom reversal signal.

Important Factors:
The relative size of the bodies in the first and second days is important. If the first day of the Bullish Engulfing Pattern is characterized by a very small real body (it may even be a doji or nearly a doji) but the second day is characterized by a very long real body, this strongly indicates that the bearish power is diminishing and the disparity of white versus black body is indicative of the emerging bull power.

There is higher probability of a bullish reversal if there is heavy volume on the second real body or if the second day of the Bullish Engulfing Pattern engulfs more than one real body (which essentially means we see two or more small black bodies preceding the long white body).

The reversal of downtrend needs further confirmation on the third day. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the third day.


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

Looks like u may be right Setravis ;)...nice green day for PAYD. Thought I might try to ride a few waves..towards a $1 maybe? Sounds good to me...got in again today...lets hope it keeps going :)

chart looks good to roll again.

Wish me a Happy 40th BD today :)

good luck to all

julia

setravis

The bounce continues off the 50% Fibonacci retracement.
Nice.... ;D
Let's see if it can break that resistance @ 0.70....0.75....0.79
Support @ 0.51...0.48...0.41

MACD is Bullish
Stochastic is neutral

Recent CandleStick Analysis
Very Bullish
Jun-23-2006 Bullish Engulfing 

A Big Happy 40th Birthday Julia..... ;)
A Birthday Wish....May it bring you a grand profit with this trade..... ;D
Many more to come....... :D
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

gmarc66

Thank you for the birthday wishes Setravis! ;D   

And I hope we all bank more on this one! ;D

julia