First off congrats to everyone who nailed the trades with us yesterday! Hopefully the twitter warnings at $5.90-6 saved some folks form losing their shirts!
All these trades are exactly what I cover in my DVD and you can still save 50% off using promo code FIRST250
We called this out in my live chat and nearly $20,000 of profits!
It’s all about being prepared as I tweeted I figured a hit piece was coming at ANY TIME — Adam F had been yappin’ about it (in a bashing manner) but it was still going up .. and up …. and up squeezing everyone in the way …..
I figured this was coming because he tweeted the COO bailed on a conference call scheduled … nothing more dumb than to piss off a guy who writes negative research lol
So anyway — any time stocks get out of hand — I like to warn folks on twitter and obvious the diehard longs like to point fingers and blame everyone for the collapse meanwhile they’re just the idiots who don’t know a thing or two about gravity …. keep in mind these pharma pink sheet investors are very sophisticated 😉
PVCT did something very very scandalous and I’ve seen it happen before — as they neared the peak of their run … they changed the CUSIP number which is basically like a social security number for a particular stock
Well, this change ended up having a VERY scary impact to longs — they couldn’t SELL! While they were waiting for their shares to ‘clear’ or ‘exchange’ in other words “pending CUSIP change” they had to send off electronically the prior shares in exchange for the new shares ….. this all takes time — to the best of my knowledge I only heard of TD Ameritrade and Interactive Brokers preventing sells but … NO ONE COULD SELL!
So yes, less inventory in the way easier to squeeze and then they sell massive into the squeeze (BKMM CSTI ARCA ATDF all working together imo) …. if you noticed BKMM was very active, CSTI was a large bidder pushing into hidden sells on ARCA — ring a bell from anything we’re familiar with? Yep … reminds ya of WDCO (who is now trading at BKMM).
So longs panic and through mid day they start to get their shares back as the stock starts to fade more and more … and we start to hit panic mode …. and that’s exactly what happened
Here’s some tweets of the idea and below I’ll show you the live call
@adamfeuerstein when does the $PVCT piece hit http://t.co/fOEt5R07Vb 🙂
— Nathan Michaud (@InvestorsLive) January 23, 2014
$5.75 is magic spot imo on $PVCT to start the panic then $5.40 was where CSTI supported (Jan 23-10:12) InvestorsLive: s/s some PVCT 5.90
— Nathan Michaud (@InvestorsLive) January 23, 2014
$PVCT I just want to be short when @adamfeuerstein article hits http://t.co/fOEt5R07Vb …. he’s been bashing you know it’s coming lol
— Nathan Michaud (@InvestorsLive) January 23, 2014
From what I gathered $PVCT did a name/CUSIP change so longs can’t sell if at IB and TD Ameritrade I guess – once they get shares tho ….
— Nathan Michaud (@InvestorsLive) January 23, 2014
$PVCT I have been shorting pops when this ends its going to end badly and I’m talking $2.70-3
— Nathan Michaud (@InvestorsLive) January 23, 2014
This is my FAVORITE set up and although the trade was a pain in the ass starting in small and then adding on the winner is what it was all about …. (and adding into a loser is why it’s important to pick your spots, be patient and not keep adding into a loser because that’s when you panic at $6 emotionally)
Focus on the spot where it needs to crack and hold — in this case you’ll see I spotted it at $5.76 in the chat logs below
This is straight out of my DVD text book over extended chart parabolic over/under $6 and focus on technical analysis to know WHERE and WHEN to attack the short
Here was the scan the night before and my MAIN FOCUS I suspected a hit piece was coming because of the constant bashing and once the COO canceled — so this was my scan the night before
So here’s the start of the day — started some short to get a feel for how it was trading — I always start in small to be IN the trade and IN the ZONE
[Jan 23, 2014 8:57:28 AM EST] InvestorsLive they started the gap w/ my test short
[Jan 23, 2014 8:57:29 AM EST] InvestorsLive lol
[Jan 23, 2014 8:57:34 AM EST] JD15 rofl
[Jan 23, 2014 8:57:35 AM EST] InvestorsLive they are loving it
[Jan 23, 2014 8:57:43 AM EST] angelor gm all
[Jan 23, 2014 8:57:52 AM EST] InvestorsLive hopefully rips to $5 but started some
[Jan 23, 2014 9:00:11 AM EST] InvestorsLive hopefully $6-7 squeeze on PVCT
[Jan 23, 2014 9:17:18 AM EST] InvestorsLive main watch PVCT tho
[Jan 23, 2014 9:17:29 AM EST] InvestorsLive I would urge peeps to only trade PVCT if ur familiar with this beast
[Jan 23, 2014 9:17:33 AM EST] InvestorsLive it does opposite
[Jan 23, 2014 9:18:49 AM EST] InvestorsLive CSTI is the main support system
[Jan 23, 2014 9:18:52 AM EST] InvestorsLive on this rig
[Jan 23, 2014 9:37:08 AM EST] InvestorsLive CSTI bidding up PVCT again
[Jan 23, 2014 9:40:01 AM EST] InvestorsLive PVCT is a different beast careful adding into this guys — still good support system
[Jan 23, 2014 9:44:38 AM EST] InvestorsLive PVCT my main focus
[Jan 23, 2014 9:49:46 AM EST] InvestorsLive last warning on PVCT if u didn’t listen be careful
[Jan 23, 2014 9:57:40 AM EST] InvestorsLive PVCT if they don’t hold .76s this round its a short on pops now imo — if they do tho — 6 para is likely
[Jan 23, 2014 9:57:50 AM EST] InvestorsLive just commenting along the ways — please be careful as I said from pre market trading this beast
[Jan 23, 2014 10:12:40 AM EST] InvestorsLive s/s some PVCT 5.90
[Jan 23, 2014 10:13:28 AM EST] InvestorsLive PVCT — they still in control toughy — trade on ur own w/this one
[Jan 23, 2014 10:13:54 AM EST] InvestorsLive .75 is the spot and .50s for ANY trend change until they they may just try to soak for $6 just trade carefully if unfamiliar
[Jan 23, 2014 10:16:58 AM EST] InvestorsLive finally some size on offers PVCT
[Jan 23, 2014 10:21:06 AM EST] InvestorsLive PVCT if u recall .76 was prior bottom
[Jan 23, 2014 10:21:14 AM EST] InvestorsLive keep that in midn when trading around this and covering etc
[Jan 23, 2014 10:24:09 AM EST] InvestorsLive PVCT held again .76s
[Jan 23, 2014 10:43:00 AM EST] InvestorsLive PVCT careful w/ it if u didnt take profits w/ .76 hold
[Jan 23, 2014 10:43:09 AM EST] InvestorsLive best to always have ability to re-load when time vs. add add add
[Jan 23, 2014 10:43:21 AM EST] InvestorsLive this stock is full squeeze mode — and when u think its gonna break out .. its top etc — have eto play it opposite
[Jan 23, 2014 10:45:06 AM EST] InvestorsLive 6 action PVCT
[Jan 23, 2014 10:57:28 AM EST] Johnny310x PVCT pull
[Jan 23, 2014 10:58:35 AM EST] InvestorsLive PVCT is over imo
[Jan 23, 2014 10:58:43 AM EST] InvestorsLive $2.70-3 first stop
[Jan 23, 2014 10:59:22 AM EST] InvestorsLive that doesn’t mean short at all cost – we’ve discussed enrties and where to snag etc … PVCT is now losing bids fast
[Jan 23, 2014 11:00:59 AM EST] InvestorsLive PVCT !!!!!!!!!!!!!!!!!!!!!!!!!!!!
[Jan 23, 2014 11:04:50 AM EST] InvestorsLive PVCT $3.80 is realistic
[Jan 23, 2014 11:04:58 AM EST] InvestorsLive I would suggest taking profits along the way but just speaking outloud
[Jan 23, 2014 11:05:15 AM EST] InvestorsLive PVCT see ya bitches
[Jan 23, 2014 11:05:40 AM EST] Yiseman72 lol
[Jan 23, 2014 11:06:04 AM EST] ModernRock PVCT is there newS?
[Jan 23, 2014 11:06:10 AM EST] elkwood66 so hard to fill PVCT
[Jan 23, 2014 11:06:42 AM EST] ModernRock PVCT is there news anyone>?
[Jan 23, 2014 11:07:09 AM EST] InvestorsLive News is CSTI stopped supporting
[Jan 23, 2014 11:07:12 AM EST] I_AM %%%%% ARCA and VERT killing PVCT
[Jan 23, 2014 11:07:12 AM EST] InvestorsLive on PVCT
[Jan 23, 2014 11:09:34 AM EST] InvestorsLive https://www.youtube.com/watch?v=1lWJXDG2i0A trade plan on PVCT
[Jan 23, 2014 11:09:41 AM EST] MilesJStoner Adam F said last night CEO cancelled conf last night
[Jan 23, 2014 11:10:37 AM EST] I_AM ARCA on bid PVCT
[Jan 23, 2014 11:10:37 AM EST] InvestorsLive rebound here PVCT ARCA accuming but I am going to be aptient
[Jan 23, 2014 11:10:41 AM EST] InvestorsLive up about .80/share on it
[Jan 23, 2014 11:10:44 AM EST] InvestorsLive see ewhat happens
[Jan 23, 2014 11:10:52 AM EST] InvestorsLive smaller accounts def take profits along the way
[Jan 23, 2014 11:31:11 AM EST] TradeHawk Feuerstein on PVCT http://www.thestreet.com/story/12261242/1/the-obsolescence-of-provectus-skin-cancer-drug-means-current-speculative-run-ends-badly.html
[Jan 23, 2014 11:37:36 AM EST] InvestorsLive PVCT finishing tocuhes coming
[Jan 23, 2014 11:37:39 AM EST] InvestorsLive
[Jan 23, 2014 11:37:43 AM EST] elkwood66 round 2 PVCT
[Jan 23, 2014 11:56:03 AM EST] InvestorsLive sizes on offer now PVCT
[Jan 23, 2014 11:56:17 AM EST] InvestorsLive should get interesting if they don’t get absorbed immediately
[Jan 23, 2014 12:01:50 PM EST] InvestorsLive major sizes now dropping out PVCT
[Jan 23, 2014 12:02:41 PM EST] elkwood66 take us home PVCT
[Jan 23, 2014 12:17:26 PM EST] InvestorsLive bottom in again PVCT
[Jan 23, 2014 12:17:33 PM EST] InvestorsLive not trading it — remaining patient
[Jan 23, 2014 12:17:39 PM EST] InvestorsLive still think $4 wash eventually chart is now broken 100%
[Jan 23, 2014 12:18:10 PM EST] InvestorsLive looks like they stuffed folks again
[Jan 23, 2014 12:18:13 PM EST] InvestorsLive no bounce — sweet
[Jan 23, 2014 12:19:26 PM EST] InvestorsLive almost $3.80s
[Jan 23, 2014 12:21:43 PM EST] InvestorsLive covered 1/2 PVCT
[Jan 23, 2014 12:21:48 PM EST] InvestorsLive biggest trade of 2014
[Jan 23, 2014 12:22:14 PM EST] InvestorsLive all covered
[Jan 23, 2014 12:26:48 PM EST] InvestorsLive PVCT to the 2.80s
[Jan 23, 2014 12:28:14 PM EST] InvestorsLive sh*t PVCT
WARNINGS! KEPT EVERYONE SAFE ON THE BOUNCES!
[Jan 23, 2014 12:37:06 PM EST] InvestorsLive do NOT TRADE BOUNCES If UNFAMILIAR
[Jan 23, 2014 12:37:24 PM EST] InvestorsLive if u are NOT familiar w/ trading bounces – DO NOT TRADE
ERIC WITH A GREAT SHORT!
[Jan 23, 2014 2:34:09 PM EST] elkwood66 ss PVCT
[Jan 23, 2014 2:35:09 PM EST] jaytrader PVCT headin toward lod
[Jan 23, 2014 2:36:01 PM EST] elkwood66 PVCT may be over
[Jan 23, 2014 2:50:47 PM EST] elkwood66 PVCT turn out the lights
BOUNCE PLAY ME AND DROCK NAILED OFF LOWS!
[Jan 23, 2014 3:20:21 PM EST] Drock started some PVCT long risk under 1.5
[Jan 23, 2014 3:20:24 PM EST] Drock risky
[Jan 23, 2014 3:20:53 PM EST] InvestorsLive Tried long 1.53 but no fillz
[Jan 23, 2014 3:21:10 PM EST] InvestorsLive got a few — SMALL
[Jan 23, 2014 3:21:19 PM EST] InvestorsLive SMALL can still go to 1.20s or lower
[Jan 23, 2014 3:21:29 PM EST] InvestorsLive looking to load if $1.50 washes out do NOT TRADE IF UNFAMILIAR
[Jan 23, 2014 3:21:30 PM EST] Drock guy seriously on PVCT we can go lower. carefull with size
[Jan 23, 2014 3:24:17 PM EST] InvestorsLive CSTI 250k bid
[Jan 23, 2014 3:24:27 PM EST] Drock added a few too PVCT
[Jan 23, 2014 3:24:30 PM EST] Drock .53 ave
[Jan 23, 2014 3:27:07 PM EST] InvestorsLive 300k bid PVCT hehe — remember guys — lock in along teh way
[Jan 23, 2014 3:27:14 PM EST] InvestorsLive when everyone wants it — we nailed dead bottom you have the advantage — sell first
[Jan 23, 2014 3:28:04 PM EST] InvestorsLive out 1/2 PVCT
[Jan 23, 2014 3:41:24 PM EST] InvestorsLive all put PVCT Im done
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