Penny Stocks For Dummies

The following is a satire and then commentary on the penny stock industry in the United States.

At Penny Stock Fortune and Associates, we want you to become filthy rich.

Are you ready to make 999 billion 999 million 999 thousand 999 hundred point 99999 percent trading in penny stocks?

Now you might be wondering, how can a penny stock make you rich?
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A Trader Who Survived Sh*! That Would Kill Warren Buffett Reveals Automated Trading Tactic

Here's a guy who didn't let what clearly should have been fatal trading injuries stop him from kicking mind-boggling amounts of badonkadonk.
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Steel Dynamics Pullback on Rising Large Players Volume

Steel Dynamics has formed a basing pattern after a 61.8% Fibonacci retracement, with rising large players volume.

Steel Dynamics stock has done a 61.8% Fibonacci retracement while large players volume is rising. Steel Dynamics also had a pocket pivot signal on Friday, November 10, 2017.

The catalyst is that steel prices will rebound in light of China’s winter closures and supply discipline. China may reduce steel production by about 33 million mt between mid-November and the end of March 2018, based on S&P Global Platts estimates published October 27, 2017.

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The Secret To The Donchian System For Fast Profits

Richard Donchian was a futures trader, that’s credited with creating the popular Donchian Channel Indicator. Richard Donchian is recognized as the father of trend following.

The Donchian Channel is formed by taking the highest high of x length of time, and the lowest low of the same x number of days, then marking the region between those values on a stock chart.
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IBM Retracement Setup After Earnings and Revenue Beats

International Business Machines Corporation (IBM) stock looks like a good setup after the stock has done a 50% Fibonacci retracement.

On Tuesday, October 17, 2017, IBM reported EPS of $3.30 versus the consensus estimate of $3.28. Revenue also beat coming in at $19.15 billion versus the estimate of $18.63 billion.

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Sorrento Therapeutics Inc Bounce Off 61.8 Percent Retracement

Sorrento Therapeutics Inc has bounced off its 61.8 percent Fibonacci retracement level.

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Transenterix Stock 50 Percent Retracement After FDA Approval

Transenterix stock is coming off a 50 percent retracement after the stock exploded higher from FDA approval of its Senhance Robotic Surgical System. This is the first FDA surgical robotic system approval in two decades.

Where Sehance Robotic Surgical System beats Intuitive Surgical's da Vinci system is in the fully reusable instruments, which promises to vastly lower the per-procedure cost of robotic surgery.

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Mannkind Corporation Stock 38.2 Percent Retracement On Analyst Buy

Mannkind Corporation stock has done a 38.2 percent Fibonacci Retracement on a new Buy rating on the stock. HC Wainwright picked up coverage of the stock and issued a Buy rating on Tuesday, October 10, 2017.

Mannkind stock also has insider buying. Director Kent Kresa purchased 166,600 shares of the firm's stock in a transaction on Friday, October 13th. The stock was bought at an average cost of $6.00 per share, with a total value of $999,600.00.

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Celsion Corporation Retraces 61.8 Percent After Exploding Higher

Celsion Corporation has done a 61.8 percent Fibonacci retracement after exploding 180 percent higher last week after releasing data from its Ovation Study.

The Ovation Study is a Phase Ib dose escalating clinical trial combining GEN-1, the company's DNA-based immunotherapy, with the standard of care for the treatment of newly-diagnosed patients with advanced Stage III/IV ovarian cancer who will undergo neoadjuvant chemotherapy followed by interval debulking surgery.

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Wipro Limited Candle Over Candle On Rising Twiggs Money Flow

Wipro Limited stock has done a candle over candle reversal with a rising Twiggs Money Flow. Although caution is warranted because large players volume is falling.

The three month change in institutional ownership is 3.45% which suggests some institutions are accumulating Wipro Limited.

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