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Rowdy's FDA Plays ... (and pinch plays, too)... - Page 7

post #121 of 678
Thread Starter 
Quote:
Originally Posted by RedStick View Post
Check out WNR. Getting lovin' from MF and nice pincher setup:

http://www.fool.com/investing/genera...xsitmot0000001

http://stockcharts.com/h-sc/ui?s=WNR...d=p12874388955

*Courtesy of blanchedsoldier.
Yeah, the "other board" has been buzzing about it since about 2 weeks ago. I'm trying to just stick to pennys or stocks under $1. If I can master those, the big board pinchers should be a cakewalk.

Feel free to discuss them, I'm just not trying to find them (or scan for them). WNR isn't ready, but should un-pinch pretty good when it is. On the other hand, it might be another SSW, which is another good reason to flip these pinchers or take profits as soon as you can.
post #122 of 678
Just read your whole thread to get a better understanding of the pincher play and I must say I'm intrigued. Was playing around with the indicators you used as well as your method on various charts and it seems pretty interesting. One chart I pulled up was DENN, think it may be a setup for a possible pincher play? I used the ADX, PPO, and Full Stoc.
post #123 of 678
This isn't my thread but i was boared i just looked at DENN

Haha that's Denny's awsome. I am kinda glad that looked it up. I think its going to have one more buy and sell. I wish I had soemthing to throw at this it looks like a little hill. I gotta read thsi thread now after looking at that one.
post #124 of 678
Quote:
Originally Posted by fooofummm View Post
This isn't my thread but i was boared i just looked at DENN

Haha that's Denny's awsome. I am kinda glad that looked it up. I think its going to have one more buy and sell. I wish I had soemthing to throw at this it looks like a little hill. I gotta read thsi thread now after looking at that one.
The chart reminds me of STKL's chart. I just randomly entered that chart to see if the pincher play indicated it's ridiculous run up a month ago and then I saw this as a possible play
post #125 of 678
A bunch of people will be like OHHH your retarted but I am putting money on EESO I don't care waht anyoen says. I am gnan do it with a chart liek that that jsut looking for the right entry.
post #126 of 678
STKL I'd hit that one up it's looking for $4.00

I wish I has some money I'd put some in and wait about 3 months and sell half takign otu what I initialy put in. But thats my guess.
post #127 of 678
Thread Starter 
Quote:
Originally Posted by aznaro8 View Post
Just read your whole thread to get a better understanding of the pincher play and I must say I'm intrigued. Was playing around with the indicators you used as well as your method on various charts and it seems pretty interesting. One chart I pulled up was DENN, think it may be a setup for a possible pincher play? I used the ADX, PPO, and Full Stoc.
I wouldn't consider a DENN a pincher right here, but it definitely formed a pinch in early March. This chart shows the early March time-frame:

http://stockcharts.com/h-sc/ui?s=DEN...d=p62788723030

There's a lot of pinches that formed in early March (stocks included) when the markets bottomed out. You could plug in $INDU (DOW), $COMPQ (NASDAQ), $SPX (S&P 500), or even XLF (which is a Financials sector-based fund) into that chart and see the same pinch occurring. The PPO is at a negative or oversold extreme while the ADX is at a positive extreme. The ADX indicator is not formulated for a negative (or minus) value, but above 40 is considered an extreme trend and difficult to sustain for a long period of time. Even when the Dow was plummeting, the ADX was rarely above 40.

DENN doesn't meet this "pincher" criteria currently, but it is very oversold and quite a few indicators hint that it could be turning up right here.
post #128 of 678
Quote:
Originally Posted by 22rowdy View Post
I wouldn't consider a DENN a pincher right here, but it definitely formed a pinch in early March. This chart shows the early March time-frame:

http://stockcharts.com/h-sc/ui?s=DEN...d=p62788723030

There's a lot of pinches that formed in early March (stocks included) when the markets bottomed out. You could plug in $INDU (DOW), $COMPQ (NASDAQ), $SPX (S&P 500), or even XLF (which is a Financials sector-based fund) into that chart and see the same pinch occurring. The PPO is at a negative or oversold extreme while the ADX is at a positive extreme. The ADX indicator is not formulated for a negative (or minus) value, but above 40 is considered an extreme trend and difficult to sustain for a long period of time. Even when the Dow was plummeting, the ADX was rarely above 40.

DENN doesn't meet this "pincher" criteria currently, but it is very oversold and quite a few indicators hint that it could be turning up right here.
Thanks for the clarification! I reread your post of your explanation and I think I was getting the ADX crossover mixed up with the pinch. An ADX crossover with +DI crossing up is just a bullish crossover, but not a pincher play. For DENN is the pincher play was from March 8-9 where -DI was around 35 (not quiet your criteria of 40) and +DI was around 5ish (meets your criteria of less then 10). After that point, the +/- DI started a sharp convergence to signal the possible pincher play. PPO also started trending up and then finally a green bar on the histogram around March 17. Let me know if I'm still out in left field or I'm kind of on the right track. Interested in learning more about this play, I'm like you in that during certain times of the week I can't watch stocks all day due to work and I would like a short couple day hold. Although I do love the breakout plays on the days I can watch. Thanks!
post #129 of 678
Let's see if I understand it better with the HGSI chart.

http://stockcharts.com/h-sc/ui?s=HGS...d=p50626236724

Gapped down March 9th, a couple of bottom bounces thereafter. Around March 25th or so PPO crossed and started trending up and had some nice green days before pulling back to 80 cent support. Breakout occurs April 13th. My question is at what point do you usually suggest to start looking for a position? Personally I like getting in just as the MACD/PPO is about to cross over and set a tight stop at support, but going off this chart that looks like it was not the breakout. If you were to have bought in then and held onto the breakout, may have been stopped out when it hit 75 cents on that pullback on the 4th of April depending on how tightly the stops were set.

Hope you don't mind teaching me your methods! Thanks.
post #130 of 678
Thread Starter 
Quote:
Originally Posted by aznaro8 View Post
Let's see if I understand it better with the HGSI chart.

http://stockcharts.com/h-sc/ui?s=HGS...d=p50626236724

Gapped down March 9th, a couple of bottom bounces thereafter. Around March 25th or so PPO crossed and started trending up and had some nice green days before pulling back to 80 cent support. Breakout occurs April 13th. My question is at what point do you usually suggest to start looking for a position? Personally I like getting in just as the MACD/PPO is about to cross over and set a tight stop at support, but going off this chart that looks like it was not the breakout. If you were to have bought in then and held onto the breakout, may have been stopped out when it hit 75 cents on that pullback on the 4th of April depending on how tightly the stops were set.

Hope you don't mind teaching me your methods! Thanks.
First, your assessment is correct; the only thing I would add is the -DI pinch that occurred ~ May 1st. Look at this link and notice how the -DI line on the top ADX pinches against the +DI line on the bottom ADX. That's a sell signal and as you can see, it's a good time to exit.

http://stockcharts.com/h-sc/ui?s=HGS...d=p32245211052

In regards to the latter part of your post, I've been trying to determine exactly how effective the 10EMA is as a buy signal or stop point. It works great for weekly pinchers but for the daily pinchers, I don't like it. It's a bit of a gamble since I don't have real-time level 2 most of the time, but I'm leaning towards just watching these setups for a volume spike and jumping in (as long as the PPO is bullish and there is divergence between the PPO/ADX). Hopefully, I'll post how that works out soon. I don't hold these very long due to the total disregard of fundamentals, so I will always exit on either a daily or intraday -DI pinch. I exit any setup when a -DI pinch occurs.

It's hard for me to comment on stops; I use mental stops and alerts for penny stocks because they're so volatile. I restrict the size of these positions based on volume and other factors, but I can pretty much lose all of these positions and it won't really hurt my capital too much. You just have to figure out what works best for you.
post #131 of 678
Thread Starter 

Potential Pinchers this week

Some new, some from last week. I like these 4 especially:

SNMX
SNBP
WGAT
WSTM

and these just need the volume:

CSKH
BEEI
DTMG
LUNA
GST
APSO
IMXC
AKYI
ANDS
FGOCE
EEE
YTBLA

Good Luck.
post #132 of 678
Quote:
Originally Posted by fooofummm View Post
A bunch of people will be like OHHH your retarted but I am putting money on EESO I don't care waht anyoen says. I am gnan do it with a chart liek that that jsut looking for the right entry.
Quote:
Originally Posted by fooofummm View Post
This isn't my thread but i was boared i just looked at DENN
If anyone thinks you are "retarded" (not retarted), its probably because your spelling sucks. I live in West Virginia and I can barely read this.

Im not calling you out, or calling you retarded... but if you can learn to spell better, it will go a long way!
post #133 of 678
Thread Starter 
BLGM going nuts today, I threw a little at this.
post #134 of 678
Quote:
Originally Posted by 22rowdy View Post
BLGM going nuts today, I threw a little at this.
What was your entrance, Rowdy?
post #135 of 678
Thread Starter 
I saw a block of ~80k go through at .062 and got in at .064. The bid and ask was going nuts there for a bit.
post #136 of 678
Rowdy, what's your take on WNR now as a pincher?
post #137 of 678
Thread Starter 
Quote:
Originally Posted by RedStick View Post
Rowdy, what's your take on WNR now as a pincher?
Well, it's setting up nicely on the daily chart, but I'd wait for more Accumulation for a swing trade position.

The 15-minute chart shows a -DI pinch, and the 1-minute chart shows a +DI pinch.

So if I wanted to flip it today, I'd go off the 1-minute; if I wanted to get out Friday, I'd got with the 5 or 15-minute and if I thought it had swing-trade potential, I'd go off the daily.

Just be aware that using an intraday chart for a swing -trade is a bit more risky (more like predicting or guessing...). I'm trying to work the kinks out of this type of trade myself.
post #138 of 678
Thread Starter 
I also have this bad habit of not referring people to support and resistance...

There's more resistance than support on the daily and not much of either on the intraday in this range, imo.
post #139 of 678
Thanks for the response. I think we're getting close to seeing a nice run here.
post #140 of 678
Thread Starter 
Intraday -DI pinch on YRCW; looking to pick up more here mid-to-low 1.80's.
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