BuIlTraps wrote: It's an art . Knowing that penny stocks are easier to manipulate , you have to pinpoint the leading quack .
Once you pinpointed that flake , you need to provoke him/her and see how they'll react . This should show on the tape etc .
Then you develop a feel for that quack's mindset . And you trip him/her .
They will give you clues as to where they want to push it on the tape and chart .
You'll notice if they want to fake , whip , and or cap it . That helps understand the short term distortions .
In the long term , no matter how they wiggle in the short term , a pattern will be created . And this bigger picture will help you understand where this is likely to go .
The allure to penny stocks is the potential of making a big return . But you must also take volatility into account and understand the crowd you're dealing with .
I don't care what the company does , they will all attract a main player/group . You need to focus on that group and be really astute .
Here you're dealing with the likes of jim and his cronies . jim is a con , a liar like you wouldn't believe . But he and his cronies are dumb . If they were smart , nobody would have figured them out . And the idiots still post with the same monikers , LOL !
PumplyCrockford wrote: BT, all kidding aside I'm amazed that EQT technical indicators can even be read on a chart.
Sad to say but from where I stand I don't see anything to lead me to believe that this stock has any pricing power or any meaningful retail investor confidence that will ever be reflected on a chart any time soon.
If this turd can't get off of the floor during the 9th strongest gold bull market ever, then I'm not sure what will ever get it off the floor.
Paid for puff pieces sure won't have any effect as well know.
Unfreaking believable.
BuIlTraps wrote: Good point concerning gold .
Jim is the poison pill . Would you touch anything he's associated with ?
The fact that he posts here takes away any chance of any credibility this co. could hope to gain .
Secondly as yourself unfortunately , a lot of people have been burned by this play . So why would they put money in it just because it switched to gold ? The same cretin is posting on this bullboard who burned and continues to burn many people !
BTW , back in November 2015 it was stated that this thing was in a Head & Shoulders top pattern . Once it caved and collapsed down to .055 , it was also suggested that it would retest the neckline and would drop back with a target of Sub' .05 . It did exactly that at .10 and then fell back and breached .05 .
Good luck .