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Way to Go Everyone:
Great participation from everybody today!
You deserve a round of applause for a job well done.
Let's see what tomorrow brings?
Good Bye & Good Luck!
Right On - Good Call:
Let's keep head'en North!
Auctioneer - Recovery Bids:
Ok, we've got .65 ... .65 ... .65 ....
Do we have any more bids?
Anyone else, step right up!
Speak up, don't be shy!
.65 ....65 ... .65 ... Is that all the ol'girls got left in her?
Spinning Top Formation:
I liked yesterdays spinning top candlestick.
All we need now is more buyers than sellers.
That will take this baby back up again.
Mick, I sure do like this chart!!!
Do you have any more to play with?
One of my very first trades as you know.
I was a wearin the green. Top of the morning to ya.
You Lucky Dog:
No need for you trying to figure out the next play.
You took the cream right off the top.
Just like taking candy from a baby.
Good Move!
I got too lax thinking it was headed for a buck and a half.
Boy, I was wrong.
Maybe next year?
This is worse than a chess game.
I can't forsee what the MM'ers have in store for SGCR, can you?
I hope they don't bring her down all the way to her knees.
There must be justice around here somewhere.
What I still can't figure out, how'd they do this by selling less than 100 K shares?
I'm baffled.
sgcr
ya got me again, you berry funny. i like the spider chart.
this chart usually updates each day.
It's a Jig Saw Puzzle Alright:
Hey Mick,
Just wanted you to know,
Got tired of trying to figure out the next move.
Decided to take my initial investment off the table.
Playing with free money now.
How many people are still in the game?
Here's my anne, I'm still in.
Mick, I guess its just you and me pardner?
Unless of course, there's someone else we don't know about yet?
yeah, got me lol
here is one i like for % moves. big theory here.
Technical Indicators:
The more TA the better.
I can't seem to find enough, especially charts, I like charts.
Bring on the charts!
What I'm trying to figure out,
has she just stopped for a coffee break or is this support?
Just Spotted This:
Looks like its reversed, I see Green.
Money flowing again, somebody's buying!
Currently at 237,500 shares bought.
Plus, it's still early in the day.
sgcr
sgcr
sgcr
http://www.americanbulls.com/StockPage.asp?CompanyTicker=SGCR&MarketTicker=OTC&TYP=S
WAIT
Today a Black Opening Marubozu was formed. This shows that the day opened and prices continuously went down but they did not close at the low of the day and thus they created a lower shadow.
For more about this candlestick click here.
STRATEGIC RESOURCES LTD
Daily Commentary
Our system posted a WAIT today. The previous SELL recommendation was issued on 05.10.2007 (20) days ago, when the stock price was 1.0300. Since then SGCR has fallen -41.75% .
Our WAIT tag says all that is to say. Stay at cash or check the other stocks while waiting the next signal. Do not bother with buying or short selling this stock as long as the WAIT tag stays.
China's stock market hits record:
Snippet:
Chinese shares have continued rising at a breakneck pace, pushing Shanghai's main stock index through the 4,000 mark for the first time.
Shanghai's benchmark CSI 300 index closed up 2.6% at 4,090.57. It has doubled in value this year and quadrupled since the start of 2006.
However, some analysts have warned that a stock market bubble is being created.
Last week, former Federal Reserve chairman Alan Greenspan warned that the Chinese stock market could undergo a dramatic correction...
According to industry figures, 300,000 people a day opened brokerage accounts in China last week...
http://news.bbc.co.uk/2/hi/business/6697451.stm
hi hilander, good evening. what happened friday? wow
is that a fat finger trade?
May God Bless America.
Shorting a Stock:
Mick, interesting you mentioned the naked short issue.
Last week, I had a fleeting thought that someone might short SGCR.
I didn't act on it and decided not to sell. Thinking there's more bulls to run yet.
I don't know ultimately where the share price will top out, but am thinking there's a new high to be reached.
Thought she was on her way to a new high going back up and stretching to the $1.20 to $1.50 range.
I never dreamed selling some 200,000 shares would totally wreck the share price.
IMO, there hasn't been any really large selling volumes, at least not yet.
That's why I haven't been too worried about selling.
Here's the 3 Year Chart:
I don't believe the big dog's have even thought about selling yet.
Maybe I'm wrong, but I keep looking for selling volume's in the 2M to 3M range to indicate the turning point and would signal the strong hands are changing sides.
I believe we're on the rebound, let's see where she goes from here (0.70) up or down. I'm guessing back up.
This has been my logic all year long and I'm sticking to it.
Please tell me,
What Do You Think?
Enough excitement for one day:
Thank you everyone for your participation and input in trying to figure out what happened today.
I'm leaving the chips alone for now.
Markets Reacting Poorly:
Here's one explanation for what's happening.
BBC News Release - Today
Last Updated: Thursday, 24 May 2007, 13:58 GMT 14:58 UK
Greenspan Fears China Market Fall
Snippet:
Chinese shares have fallen after former US Federal Reserve head Alan Greenspan said its stock market was overvalued and due for a "dramatic contraction"...
Other global markets were affected by nervousness over China with Australia's benchmark index falling more than 1% and Japan's main exchange trading flat...
Entire Article:
http://news.bbc.co.uk/2/hi/business/6686453.stm
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COMPANY PROFILE:
Strategic Resources Ltd. explores for, acquires, and develops precious metals and base metals properties.
Website: http://www.strategicresourcesltd.com/
PROJECT OVERVIEW:
http://www.strategicresourcesltd.com/projects.php
9-21-07
Estimated Market Cap: 35,264,444.25 as of Sep 20, 2007
Outstanding Shares: 67,170,370 as of 5-18-07
Number of Share Holders of Record: 53 as of Apr 17, 2007
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sgcr
Market Cap: $44.80 M (8-30-07)
Market Cap: $27.2 M (previously, prior to initial run-up)
Outstanding Shares: 66.870 M (8-30-07)
Float: 65.870 M (8-30-07)
Shares Outstandstanding = 41.8700 M (previously)
Short Interest:
http://www.bloomberg.com/apps/quote?ticker=sgcr
TERMS & CONDITIONS:
The information contained here is true and accurate to the best of my knowledge. This board is a safe place for serious investors to come together to exchange ideas. We operate from a place of integrity, truth and honesty. Intelligent questions are welcome, but if your intentions are to disrupt the board, or slam the stock you can expect your posts to be deleted.
E-Trade Chart
The spider chart usually updates each day.
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