Blue Sky Development Corp.(fka BSKS)

[ICEQUITY]

As its name implies, the Head and Shoulders reversal pattern is made up of a left shoulder, a head, a right shoulder, and a neckline. Other parts playing a role in the pattern are volume, the breakout, price target and support turned resistance. We will look at each part individually, and then put them together with some examples.



Prior Trend: It is important to establish the existence of a prior uptrend for this to be a reversal pattern. Without a prior uptrend to reverse, there cannot be a Head and Shoulders reversal pattern (or any reversal pattern for that matter).
Left Shoulder: While in an uptrend, the left shoulder forms a peak that marks the high point of the current trend. After making this peak, a decline ensues to complete the formation of the shoulder (1). The low of the decline usually remains above the trend line, keeping the uptrend intact.
Head: From the low of the left shoulder, an advance begins that exceeds the previous high and marks the top of the head. After peaking, the low of the subsequent decline marks the second point of the neckline (2). The low of the decline usually breaks the uptrend line, putting the uptrend in jeopardy.
Right Shoulder: The advance from the low of the head forms the right shoulder. This peak is lower than the head (a lower high) and usually in line with the high of the left shoulder. While symmetry is preferred, sometimes the shoulders can be out of whack. The decline from the peak of the right shoulder should break the neckline.
Neckline: The neckline forms by connecting low points 1 and 2. Low point 1 marks the end of the left shoulder and the beginning of the head. Low point 2 marks the end of the head and the beginning of the right shoulder. Depending on the relationship between the two low points, the neckline can slope up, slope down or be horizontal. The slope of the neckline will affect the pattern's degree of bearishness: a downward slope is more bearish than an upward slope. Sometimes more than one low point can be used to form the neckline.
Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder.
Neckline Break: The head and shoulders pattern is not complete and the uptrend is not reversed until neckline support is broken. Ideally, this should also occur in a convincing manner, with an expansion in volume.
Support Turned Resistance: Once support is broken, it is common for this same support level to turn into resistance. Sometimes, but certainly not always, the price will return to the support break, and offer a second chance to sell.
Price Target: After breaking neckline support, the projected price decline is found by measuring the distance from the neckline to the top of the head. This distance is then subtracted from the neckline to reach a price target. Any price target should serve as a rough guide, and other factors should be considered as well. These factors might include previous support levels, Fibonacci retracements, or long-term moving averages.

[ICEQUITY]

Whats a head and shoulders? Dandruff Shampoo

[IPO$]

whats a head and shoulders?

[ICEQUITY]

Was that Coincidence again with the 420th BSKS post? LOL

[ICEQUITY]

Here short this one...

500 Shares Available
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=GBTR&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=

Or this one with 1M shares Available
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=svmi&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=

Let me know if you do, so I can buy more! LOL

[IPO$]

spread too wide now

[IPO$]

makes sense

[ICEQUITY]

Maybe if BSKS does not let the head and shoulders form... and with a solid bounce from $4.20 it definitely will see $10. and higher! IMO

[IPO$]

word has it....$10.00

[ICEQUITY]

And a BSKS $12 potential new high - IMO... As I see it.

[IPO$]

oh I see it now.....$4 potential low

[IPO$]

I see...meaning no shorts...people can't find shares to short against

[ICEQUITY]

In My BSKS Opinion ~

Market Makers are very low on BSKS shares available to the trading public, the shares they do have must be borrowed from each other to fill orders. Which I've concluded from Finra's regsho short interest data.

Supera Group, has created a perfect investment structure with a low float to launch Supera’s business models, servicing varies industries with their patented technology using high-capacity data storage in a card format.

I have not seen any better share structure on the market then BSKS... Have any of you?

If Supera Group has many of the patents to this "smart card" technology... Then I say $4.20 might not be the 4, 13 & 52 Week High... But more like the new 4, 13 & 52 Week Low!

Wednesday, November 02, 2011 when BSKS@$2.80 2011/11/02 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68614402

[Plague]

That's because it's a search for BSKS, and nothing showed up.

[IPO$]

4's?

[IPO$]

is this where it could drop to?

[ICEQUITY]

BSKS Head & Shoulders forming... BSKS better do something or else...

Look for entry @4.20 - IMO

4.9750
50% Retracement from 4 Week High/Low

4.8395
38.2% Retracement from 13 Week High

4.8225
38.2% Retracement from 52 Week High

4.3083
38.2% Retracement from 4 Week Low

[IPO$]

I do not see BSKS listed on that web site...I do not see any stocks actually.

[ICEQUITY]

Lucky you!

[Plague]

Nope - http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=bsks&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=

[ICEQUITY]

BSKS Quote: In My Opinion ~

Market Makers are very low on BSKS shares available to the trading public, the shares they do have must be borrowed from each other to fill orders. Which I've concluded from Finra's regsho short interest data.

Supera Group, has created a perfect investment structure with a low float to launch Supera’s business models, servicing varies industries with their patented technology using high-capacity data storage in a card format.

I have not seen any better share structure on the market then BSKS... Have any of you?

If Supera Group has many of the patents to this "smart card" technology... Then I say $4.20 might not be the 4, 13 & 52 Week High... But more like the new 4, 13 & 52 Week Low!

Wednesday, November 02, 2011 when BSKS@$2.80 2011/11/02 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68614402

Find any shares now?

[ICEQUITY]

Response to BSKS rbarsom http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69574869

It might of done more harm then good... with his response about BSKS.

Shorters vs. rbarsom - IMO



No offense BSKS...

[chaddavis]

Who cares we are going over $10. This was a lame pullback.

[IPO$]

EU is looking bleak...politics falling apart in Europe

[IPO$]

all 7's this morning.....bid/ask

[ICEQUITY]

Obsidian BSKS... Same group that won the case? Funny if it was!
http://ofinancialinc.com/pick-of-the-day/bsks-pick-of-the-day-hit-high-160-up-from-initial-alert

[ICEQUITY]

U.S. District Court judge ruled that a BSKS blogger must pay $2.5 million to an investment firm she wrote about — because she isn’t a real journalist.

Nah just kidding it wasn't BSKS it was The Obsidian Finance Group sued Cox in January for $10 million for writing several blog posts critical of the company and its co-founder, Kevin Padrick. Obsidian argued that the writing was defamatory. Cox represented herself in court.

Justice system its all we got... what else are you going to do hate them?

http://mashable.com/2011/12/07/blogger-vs-journalist/

If bloggers are not journalist because they need to be “affiliated with any newspaper, magazine, periodical, book, pamphlet, news service, wire service, news or feature syndicate, broadcast station or network, or cable television system.”… Then if you publish your blog into a book or pamphlet then you would become a writer? Would it be ok then? Sounds like not only governors need to be convicted for corruption, but maybe some judges too… Uh oh, should I be worried for saying that? Ha!...

This reminds me of what BSKS does to shorters LOL

[chaddavis]

Long and strong added @6.55........

[ICEQUITY]

But you do remember the .coms? Things were valued for much much higher for much much less... I think what comes around will go around and we will see those kind of days again... This is the new information age... where just simple ideas will carry a high value!

[ICEQUITY]

That would be hard to say... But much much more eventually... But in the short term honestly, I cant see it going past $12 without revenues and financials to back it up.

[UncleJimbo]

O K Guys. I am still a little concerned. The stock keeps climbing, but to me, there is not a lot of share activity. Are we ( IHUB people) the only ones looking at this ? I doubt it. So what's up with the low (???) volume ?

[IPO$]

where do u think it is headed? $10?

[ICEQUITY]

New 52wk High Again BSKS Bluesky Sys Hldngs (BSKS) $ 7.77 up 0.87 (12.61%)

[IPO$]

shady as in pump and dumpers...yes

[Plague]

That's amazing. Usually these guys get 10 years max and a slap on the wrist. I love justice.

Now if only some shady penny stock promoters got the same sentence..

Cough LEX* Cough

[ICEQUITY]

Whoaa thats nuts

[IPO$]

A judge has sentenced ousted Ill. Gov. Rod Blagojevich to 14 years in prison for corruption.

[Plague]

Each broker has a different short inventory, so no.

[ICEQUITY]

What do you really think you will find? BSKS is a new company still hiring its team... Financials is the third priority in my opinion...

Share Structure & Investors
Business Model & Intellectual Properties
Financials & Revenues

[IPO$]

I do not see financials published at sec.gov however....

[ICEQUITY]

Simple 851,631 BSKS shares outstanding... 1:30 reverse stock split with "The Company's authorized capital stock consists of 50,000,000 common shares, $0.001 par value per share, of which 25,548,933 shares are issued and outstanding."

Show me a stock at .05 - .30 with 300K Float and 800K Outstanding... And I'll show you some Blue Skies.

Business Model and locking up 31 Patents also helped... But not as much as the Share Structure did.

http://biz.yahoo.com/e/110802/bsks.ob8-k.html

[IPO$]

is there a web site to find out?

[Plague]

IB has a list you search stocks and find how many shares there are to short. You can call if you want but it's not needed.

With other brokers you need to call/live chat.

[IPO$]

how does one find shares to short? A call to broker? Any other way
?

[IPO$]

How did it do this so greatly?

[ICEQUITY]

Yes I think BSKS has set the new bar many issuers will try and emulate...

I know for sure they will try.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69673079

[Plague]

Can't even find shares to short at interactive brokers. This thing has nothing in the way to stop a run. Have fun.

[IPO$]

a beast at $7.05...incredible

[ICEQUITY]

Susan Lutz to Serve as Bluesky Systems Holdings, Inc.'s President and Member of Its Board

Dec 7, 2011 09:29:00 (ET)

CENTURY CITY, Calif., Dec. 7, 2011 /PRNewswire via COMTEX/ -- Bluesky Systems Holdings, Inc. (BSKS, Trade ) ("Bluesky" "BSKS" or the "Company") announced today that Susan DiBiase Lutz has agreed to serve as the Company's President and as a member of its Board of Directors. Mrs. Lutz will direct the operations of the company and lead all sales and marketing efforts, as well as the development of key strategic relationships and partnerships worldwide.

"Mrs. Lutz is an accomplished entrepreneur and global business executive with a proven track record of building companies, accelerating their growth and dramatically increasing valuation. Susan has recently led executive teams for VeriSign, founded three other companies and has executed their successful acquisition and integration through the delivery of new products, platforms and services that have dramatically revolutionized the security industry," said Dan Kehoe, CEO, Bluesky.

Mrs. Lutz brings 30 years of global experience in executive management, technology innovation, business development, marketing, product development, engineering, strategic planning and P&L management. Mrs. Lutz's global experience includes expertise in internet software, telecommunications, mobility and information security.

Mrs. Lutz's proven leadership has transformed industry applications and standards across the technology market with the founding and growth of three companies, executing successful exits.

Previously, Mrs. Lutz's co-founded SecureIT, Inc.; one of the first Information Security Consulting services companies in the late 90's resulting in an acquisition by VeriSign within eighteen months time. Through her leadership, the VeriSign Security Division increased revenues by over $200M. She then went on to simultaneously found Enterprise Trust Security, Inc. (ETSec) and TrustELI, Inc. serving both Enterprise and consumer clients in information security. Both ETSec and TrustELI were acquired by ANX eBusiness Corp., a JP Morgan Company.

"In my career, I have always tried to stay ahead of the technology curve. The patented technology was 10 years ahead of its time when first debuted in 2000. Opportunities such as these are rare and come around only once in a lifetime. The opportunity to work with an innovative technology that could potentially forever alter the way we look at data and privacy is something too good to pass up. I look forward to being apart of such a diverse and talented team that brings this game changing product to market globally," said Lutz.

About Bluesky Systems Holdings, Inc.

Bluesky System Holding, Inc. , is the exclusive worldwide licensee of next generation secure data cards by reason of a certain License Agreement with Supera Group, LLC. ("Supera"). In connection with that Agreement, BSKS licensed more than 30 issued patents for the manufacture and sale of readers/writers and high-capacity data storage in a credit card format for the use in healthcare, and patient management, medical, dental and pharmaceutical records and other health applications. Bluesky expects the licensed technology to be a game changer in that the delivery of this next generation platform brings secured transactions into the modern world of technology that is being demanded by users.

FORWARD-LOOKING STATEMENTS

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in BSKS's annual report on Form 10-K for the most recent fiscal year, BSKS's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information: Lawrence Sands Corporate Secretary, Bluesky Systems Holdings, Inc. 305-277-4200.

SOURCE Bluesky Systems Holdings, Inc.

[IPO$]

$7.00