RE:RE:RE:RE:RE:Q3 financial release reminderas a momentum trade you should of closed your posistion Friday with the northern doji and wait for direction Monday... remember my post are only based on my interpretation of the chart.
looking at the daily chart:
senerio 1: best senerio for a strong chart... we open .11 or below and retest .07 to fill the bottom gap early next week. here are my markers: .07 must hold, when this bounces back up .11 must break to confirm a new bullish trend. if either of these things dont happen, then this ticker will continue in a bear trend to .03 range
senerio 2: this opens at .12 or above and continues to .18 (this may need your PR) but puts the chart on thin ice. pretty much what a pump and dump on news chart looks like. remember the last pump was driven by the news of a PP shortly after.
I dont trust many CEO's, BOD's or MM's to work in the best interest of sharholders
Heres something to think about, insiders stated they decided not to take part in last PP, even knowing more was needed. however decided to sell shares on the open market driving price down. you say because of tax reason. could be they knew they could profit more from the next PP. Just getting in your head ;) ... I'll stick to the charts. GLTA
tomchoco wrote: Always good to keep an eye on insider transactions. Thanks for the response.
This week should be interesting to see if we have support at the 10 cent range if there is not a PR coming that sparked that move on Thursday. SEV has a habit of not holding it's gains and right now it is tough to make an investment decision in the stock. I jumped on board for a small momentum trade and hopefully it pans out.
Would be curious to know how much stock is held by posters %age wise in the shares outstanding.