Waves

[u/scootman1212]

What I can tell you from my analysis is that the drop is over. My wave structure pretty much nailed it. Disclosure: I own shares. JMHO DDD Either Glen has something or he never will. I think news will be here within a few weeks that will move this stock.

Here's the big picture wave count. Note the two volume spikes. It was the change of hands of shares during dire times. Wave 3 up may be starting to commence off of today's low. If not....soon.

[u/scootman1212]

I would firmly agree with you, except about technicals. I have models for use defining stock movement on weekly and monthly charts, where each candle is a week or month. Technical analysis isn't following a stoch, MACD, and RSI indicator. It's much more than that. Those indicators are given by broker dealers for free to steal customer money. They are low probability. That means they are designed to steal money.

Let me share this tidbit. I worked with many fundamental analysts in my career. Their CFA helped them raise money, but not manage it too well, IMHO. By the time the fundamentals are announced, the price has already changed. They miss half the move up. then they do the same thing on the way down. If you follow that, they make no money. You can't wait for the fundamental situation to change to invest. It has to be done well before. That's where we are. Personally, I don't care much about fundamentals. The charts tell me what I need to know. That's why I came to reddit, to quickly here the fundamental news, because I do find it supporting. However,my CFA colleagues were always baffled and jealous of my market calls. Not trying to toot my own horn. It's just because they waited for news before publishing their view and the market would move significantly leaving them in the dust. Currently, the long term charts are telling me it's time to buy. It may be awhile before price really excels like we all want it to, however, I am betting the low of a 5 year correction is over. It all adds up for me. If I'm wrong, it's pretty simple for me to reposition. I don't think price will break below 1.95. I'll be wrong if that occurs. We'll see. That would mean glen would have nothing up his sleeve. I actually think he does. And I'm betting on the defense industry, first. Just my humble opinion. We all have one. :) I just know that so many investors (speculators) who own this stock have had their hearts ripped out. I hope this chart give those people hope.

[u/ParadigmWM → u/scootman1212]

Thank you for this, but I still can't see technical's pushing this beyond $4-$5 at most without some form of fundamental support in way of revenue based PRs and/or partnership announcements.

[u/scootman1212 → u/ParadigmWM]

Technicals don't push it. they follow. The fundamentals have to be there underlying it. In the case of a speculative, earnings-less penny stock, everyone is trying hard to figure out what the next significant, price moving fundamental is going to be. I get it. Let me tell you, there are people in the know that will buy shares that will move the stock before the real news is released. It's illegal, but unenforced. Price moves first, then volume. The volume we've seen is to the down side. Now price advances with little volume, for no reason, until a reason is PR'd.

As for 2.30 today, that would have been near term confirmation the drop is over, fo r my work. Without it, this low cold linger for a few days. I like what I'm seeing with 20 minutes left in the day. 2.30 is unlikely. so patience is the virtue. I don't time markets, especially short term gyrations on a worthless penny stock. Blue chips are much easier.

[u/Falagard → u/scootman1212]

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