County Line Energy Corp. (CYLC): CYLC There's...

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Soapy Bubbles

Re: GordonGecko post# 567

Monday, 03/24/2008 12:49:02 AM

Monday, March 24, 2008 12:49:02 AM

CYLC

There's not a lot of DD I can add since Gordon and the forum pretty much has it covered.

As for the chart CYLC had a nice gap after the 16th/17th followed by decending hammers. Since we see that the acc-dist line is holding rather horizontal, we know the drops in price aren't due to a selloff. This indicates those who are in the stock are holding their shares and the consolidation (using the parallel running aroons) is on very light volume. (As evidence during the last session in which only 122k shares changed hands -- mostly MM activity.) This bodes well for the stock since there are stockholders willing to wait out the consolidation phase and keep the PPS at or above the recent red hammer. Also, the gap doesn't come into play unless people lowball the bid (which I don't see happening at the moment). But true longs in a sound company make for a stronger chart -- and I see the beginnings of that here. (So you longs better stick!)

Also, after visiting http://www.countylineenergy.com/, I can see the company has a lot going on. From what I see, the float and news are solid and there isn't a long long history of stock abuse by the company. So, basically all you guys have to do is wait for a PR. This will trade a PR cycle beautifully.

Now what you need to do is get in contact with the CEO (or some other bigwig) and establish a correspondance with them. Someone needs to become their voice in this forum. If one of you can pull that off, you'll see the volume increase and the stock will be easier to trade since new information will be constantly entering the forum. Also, this will allow new people to see the activity in the company outside of the nice PRs showing the evolution of the company. Heck, I liked the PRs! They do show a company who is agressive and developing the business w/ new projects and prospecting. Also their geology group seems to be pretty sharp.

Another plus is that the company is in Canada. Although that sounds goofy, Canada will become the Western leader in materials, chemicals, and manufacturing very soon. Since Country Line is in such a region, they will find their business developing with the nearly developed emerging Canadian economy.

After reading the site, I got the feeling when I used to play TGB (look where it's now). I think it has potential.

As for entry, I am uncertain. I need more volume to get a good read on the chart. But it will be on my watch list.

Soapy