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Hey Gator I think we need to keep the volume up on this one this week. If that happens we should have a shot at breaking through .0006.
IMO a .0006 break is important to keep this upward trend going.
All the best
Greg what do you see for BCND this week? TIA
Thanks greg32,good move when selling just under the 50ma.I like that strategy!GL
I think it will continue to get better.Company seems legit.GL
Beacon Redevelopment Industrial Corporation Confirms No Need of Funding Through the Sale of its Equities
Monday August 18, 9:02 am ET
NORTH HUNTINGDON, Pa., Aug 18 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (OTC: BCND - News) today announced it has received several inquiries from its shareholders regarding the sale of equities to fund the company's recent acquisitions and the company has elected to elaborate.
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The company receives no less than three to four unsolicited offers a week to finance its operations (from major investors and investment bankers) with certain instruments such as convertible debentures, regulation 504 exemptions and other detrimental financing options, executive management always and continually will reject these unfavorable methods of financing for any and all of its financing needs.
The company will continue to rely on traditional methods of financing i.e. bank financing, owner financing or company funds, as it is the company's belief that if their acquisitions can not stand on their own merits and utilize traditional sources of financing in any market conditions, it is not a project that they should get involved with.
The company's recent three acquisitions (Westmoreland Glass factory and Multiple Parcels of land totaling 259.5 acres) have been funded through a combination of seller financing and cash investments by the company's principles. The investments by the company's principles are interest free and secured by restricted stock for two years.
"The company will not and never will under any circumstances submit to any type of death spiral financing; it is the intent of our company to build a viable and profitable company on the merits of its acquisitions/projects," said Mr. Adam Merek, President.
Mr. Marek also added that, "The principles are seasoned real estate investors/developers and builders, not stock salesman. When management took over this public company they reviewed the entire history and decided that we can increase shareholder value even though it was a calculated risk regarding the past management and its history. The principle's advisors recommended a reverse split and all of the principles agreed if we have to hurt the shareholders we have no interest and will never have that interest. The principles all agreed that regardless of past management we will deal with it and restore shareholder value with a real and viable business. We evaluated it and decided to go with it and chose a course of action. We feel good about where we are at this point and more importantly we have only begun to enhance shareholder value. To date we have at least regained a sustained bid and are bringing real assets and real hope of potential returns for shareholders investments, with much more to come."
About Beacon Redevelopment Industrial Corporation:
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's website at www.beaconredevelopment.com for all the latest information and updates.
The last month or so I think I have finally worked out a system that works for me. I am up about 20% in the last 3 weeks. My picks lately have turned profits about 60% of the time.
The key lately is I dump the losers immediately to keep the losses small and use the charts to maximize the profits on the winners.
OEGY was a good example this week bought it at .10 when it broke the 20 day ma and sold the same day at .14 just below the 50 day ma for a 40% flip.
Wont be around much today as I have meetings so good luck with your trading today.
Cheers
No problem couldnt resist grabbing some of those .0004's yesterday myself.
Greg,your system seems to be holding up pretty well.Are the buy and sell triggers fairly accurate?TIA
Yea Blue and company are darn good at what they do.
Thanks for your take on BCND.GL
Yep clayTrader knows what time it is when it comes to charting!lol
Hey Gator I actually have his board marked so I find that very flattering will have to check it out when I get a chance have a good day.
Looks like the start of a decent up trend. Triple zeros are always the hardest to chart but the MACD and Chalking money flow are in good shape. The RSI is starting to get into over bought territory so look for a pull back at some point. But I think there is still some room for more upward movement before that happens.
Hey Gator hope your day went well. Claytrader has to get a good portion of the credit.
Bought that video of his about 2 months ago and its amazing.
Trade ideas is also a big help as I have it running on my computer while at work and it puts out alerts while there is still time to get in on these stocks that are starting to run.
Hey greg32, Blue over at The Blue Horse Shoe Saloon wanted me too pass on an ivitation to you to come by his board and compare notes on some of your plays.I've complemented some of your picks the past few days so naturally other people are interested.TA and have a good evening.
Greg could you run BCND and see what comes out? looks to be moving in a northern direction.
Dang Greg, your off to the races again!Thanks for posting your plays bud,and keep up the good work.Also thanks for posting your charts,very helpful.TA and as always GL.
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Hello Traders, I am hermso:
and I mostly trade the green four MJNA - CMIB - HESG - CBIS (plus some big tickers now and then like [t]C[\t], [t]F[\t], [t]ETFC[\t], [t]LDK[\t], [t]FRE[\t], [t]FNM[\t], etc.)
However, what the green four have in common is the medical marijuana market, which is obviously booming. But they are all different companies with varied levels of risk vs. reward.
Therefore I am positive there is one that is right for your portfolio.
Just took over this board, and looking to revive it. Not sure the direction yet.
But for now we are keeping the Charts and Technical Analysis theme.
Just a few guidelines:
PM me if you have any questions, I am a fairly open guy.
I am also looking for assistant mods who would like to be involved in building a tight knit community here to work together.
Anyone else who is willing to help make this board one where we can candidly discuss current chart technicals as well as one where we can all learn from each others knowledge base, is very much welcomed; because
a rising tide lifts all boats.
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