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Yeah, but look how the 300 day MA (previous resistance) is starting to slow it's descent and even appears to be curling back up a bit. Also, it's no coincidence that the 300 day MA coincides with the 50 week MA, both at .0046 and moving up.
BTW, .005 is the real support level, however HLNT will probably trend up with the 200, a slow steady climb. I can't believe how long this bottoming process is taking, it's been two months of dragging along the bottom with the occasional pop.
What is an "FLD". I'm not familiar with the term.
I'm more interested in seeing if HLNT can maintain any kind of upward bias for more than a few days with or without a press release. This seems to be using the 200 day MA as support (as opposed to the 100 or 150). That's a slow rising trend line. This could bounce around here for a while before catching some momo. Level II clearly shows more buyers than sellers, but apparently everybody wants to get it for a few hundredths of a penny cheaper instead of paying up. Eventually this deflationary mindset will change, could be today, could be another week of this.
If I had a few extra bucks I'd love to put the moron who is so desperate to sell at .0057 out of his misery. ** While I was typing this post someone took care of that fool. Many thanks to whoever bought. :) **
And you don't think the fact that GRNO isn't worth .70 based on the financial information available to the public has anything to do with it? Is it only manipulation when it goes down, or does it work both ways?
IMO, it's probably because the rally went too far and once the selling starts it's hard to change the trend. Sometimes stocks have to retest their support level (which GRNO has done) and then start over from there. Kind of like hitting the reset button.
If I'm reading the chart right (and I think I am), it looks like the bottom is in. Just a matter of how long it takes to get some momo behind it for a nice move higher. I'm betting that within the next week or two GRNO will be back in the teens at least. This is an odd stock, that's for sure. It seems to be bottoming as the market indexes are peaking.
Next couple of weeks IMO, maybe sooner.
It's equally possible that today was the final flush of the weak hands. The lawsuit apparently has been in play since last spring, the fact that HLNT is taking new action to defend themselves and turn the tables isn't a negative IMO.
Today had all the markings of a capitulation bottom, but the price action tomorrow will determine if that's what it really was.
This is my DD on this vid.
1) It seems to have been recirculated several times. If you google Denny Klein (the "inventor") or Aquygen, you can find references to it gong back as early as 2006. This is the earliest I found (doesn't include the vid but talks about it): http://www.alt-energy.info/hydrogen-power/update-on-denny-kleins-aquygen/
2) Check out his website: http://www.hytechapps.com/index.html
No news updates since October 2009.
IMO, the above says it all. Apparently in 4 years he hasn't made any significant progress in getting his "invention" off the ground. I'm sure I could come up with more, but it's late.
Thanks for the reply.
Don't misunderstand my post. I do not invest in companies that need to issue a press release every other day to keep the share price afloat. All I'm saying is that investors seem to be waiting on something substantial to sink their teeth into before bidding the price up. The next earnings report will most likely be that stimulus, (or possibly other news) and I was just wondering if you knew if they planned on a 1Q report or a FY10 report. I was not suggesting that you call the company for the info, just thought you might already have an idea.
I'm a technical trader but I do use fundamental analysis as well and on both counts I believe that at current prices HLNT is a steal. How long it will take to complete the bottoming process is unknowable, but IMO it won't be this cheap in a couple of weeks. Regardless of when exactly they release the financials, those willing to sell it down here at the bottom are going to dwindle, and the smart money accumulating will have no choice but to pay up for it.
Good info Paula.
IMO, shorts can only thrive in an environment that is conducive to their behavior. It seems there is somewhat of an information vaccuum surrounding GRNO right now with regards to their financial health, as we are waiting on the appointment of a new auditor, financials to be filed, etc. IMO, that is exactly why the share price is stuck on the bottom, whether it be the result of shorts or simply a lack of strong buying interest is irrelevant IMO. Shorts can only succeed in the right environment, and once that environment is changed and buying pressure resumes shorts will get squeezed out.
Everything I have read about GRNO, along with my own fundamental & technical analysis suggests that the company is extremely undervalued at current prices and that it will rise over time from here. In fact if I'm reading the chart correctly we should be putting in a bottom here but will need to see confirmation in the next few days by way of price action.
What tidbit are you referring to? I searched the news and didn't see anything released today.
Interesting point.
At the end of the day, what it all comes down to is HLNT's ability to make money and increase shareholder value. Of course JD certification would be great, as would a whole host of other positive developments. But what seems to be missing right now is investors ability to gauge what this company is worth. I believe it is worth much more based on my cocktail napkin calculations or I wouldn't bother holding the shares that I have. But the market seems to be waiting for something a bit more tangible than that to help investors know the worth of what they are buying. In the absense of 4Q earnings (which I'm not sure if HLNT reports or if they roll it into a FY10 report in the spring *) it would be great if the company could give us an idea of 4Q sales statistics, revenue estimates, etc.) to whet our appetite and give investors a better way to gauge the value of this company.
* BTW, you seem to know a lot about HLNT, do you know if they plan to report 1Q earnings soon or if they'll roll them into a FY10 report later in the spring?
It all depends on your perspective. I wasn't in HLNT (didn't even know about it) last summer, but for someone who was, HLNT is still up big time. I was however buying the dips late last year and got my average to .0072 so I'm basically flat right now, a little underwater but nothing to get in a twist about. I should have flipped it & bought the dips so I could grow my shares but I didn't fully appreciate how long this bottoming process would take. Right now, the chart appears to be improving considerably though. There are a lot of similarities to the summer bottom/consolidation period and at the very least HLNT should start climbing slowly, even without news.
Yeah I hear you. Frustrating to watch the market rally for weeks and GRNO just lets it pass by. I think it's going to pop soon though, lots of support at .08 and maybe a dip into the .07s is a possibility, but it should hold firm there and pop. Seems like the stock price action always breaks down before a breakout, going by the charts from the last couple of years anyway. There is no reason the stock price should be this cheap except for technical resistance that hasn't been broken yet. The last few trendlines holding this down are almost cleared by the sideways action the last month. JMHO, we'll see...
The selling pressure makes all the buyers aware that they can get it as cheap as they can. Obviously buyers seem happy to buy GRNO in the low .08s
Nice. Good looking out. I knew my patience (although thin recently) wasn't misplaced with this one.
That's EXACTLY how I see it, the recent move down after the mid december pop was the backfill, now the next move is higher. If you look at the weekly, the stochastics & MACD should turn bullish next week. Bullish weekly charts are powerful.
My frustrated post earlier today seems to have had the desired effect, HLNT is catching some nice buying action, looks ready to start climbing soon.
I agree, at some point this is going to have to move higher, because people will only sell at the bottom for so long before there is nobody left who is willing to sell it so cheap. The demand from buyers is clearly there, eventually they'll have to pay up for it once the fools willing to sell it down here are flushed out. It's simply a question of when IMO, not if and assuming I'm reading the chart correctly it should be soon.
I hear ya, and I don't have any right to compalin about others not buying since I can't buy any more right now either. Sorry, just venting...
Oh and just to be clear, I absolutely would buy at .0064 but I don't have any free cash at the moment. If GRNO pops I'm going to put it into HLNT. GRNO is my flipper, HLNT is my longer term holding.
Agreed. It's frustrating too to read how everybody keeps talking about "cheap shares" but nobody is willing to buy at .0064 today, this is going to start going up I have no doubt, I'm just in a bad mood today. Between this and GRNO my pinkies have been flatlining for a month now, it's getting old.
I hear ya. I'm sticking with it for the long term, but starting to lose patience just watching this trade sideways at best. No plans to dump because I don't believe in selling at the bottom, just frustrated is all.
I'm cheering for it too, but starting to lose patience. Does this stock ever go up?
AH HLNT owners actually grow a pair. Unfortunately they disappear at 9:30 AM. Whoever is selling today is a moron.
IMO there is little downside risk here with the 200 day MA, trendlines from the July/August lows, and the 50 week MA seeming to offer a lot of support. That said, it's still worth keeping an eye on because anything is possible. However, if my calculations are correct, this wont go below .0057 again if it even gets that low. The only question in my mind is how long it takes to climb towards the upper part of the range. It could be slow climb if it sticks to that trendline, though it should rise more quickly once the uptrend is firmly established. All IMHO. GL
Definitely. Once .0065 is cleared, we should get a nice bounce and a more sustainable rally IMO.
A beautiful close to a beautiful day!!
Congrats to the longs who had the good sense to ride out the storm the last couple of weeks, and add if they could. Todays bounce off of the 200 day MA was extremely positive, and the bullish engulfing is just the icing on the cake. I believe we can all rest easy this weekend, knowing good things are ahead for HLNT and their shareholders.
To those that sold, take comfort in the fact that your loss is somebody else's gain. IMHO you sold at the bottom of what is likely to be a nice move higher over the coming weeks.
Enjoy the weekend everybody, & Happy New Year.
Agreed. I bought my starter position today, will add to it depending on how this plays out. The chart looks like it wants to break out, and this company seems to have a lot of potential. Definitely worth a few hundred of my speculative dollars. I think lots of others wills start thinking the same way.
Thanks. I still have a lot to learn about the pinkies. I appreciate your help.
HLNT looking good today, I knew it was just a matter of time before the bargain hunters stepped in. Talk about an overreaction for a less than 2.5% dilution.
No problem. The same thing happens to me, once I hit 15 posts I'm done for the day.
Sorry to beat a dead horse, but my question was that other than calling the TA, is there any other way to confirm this info? Is there an online source for this kind of thing? The reason I ask is if there is I'd like to start monitoring that resource, not just for HLNT, but other stocks I ownt too. This selloff caught me off guard since technically HLNT was breaking out. I'd like to avoid having the same thing happen to me in other stocks I own.
Thx
Anyone threatened by truthful posts has a lack of confidence in their own investing decisions. Being afraid of the truth is like being afraid of your own shadow. Don't let any haters deter you from posting useful information, whether it's deemed beneficial to the share price or not. Assuming it's true * , we're talking about something less than 2.5% dilution, & the reaction in the share price is extremely overdone IMO. My guess is that EOY tax selling is exaggerating the move. Today being the last day of the year is the best time to buy any extreme dip because by Monday HLNT should start going up again. Probably the only thing that HLNT mgmt could be faulted for is not communicating the need for selling the shares ahead of time. The fact that they didn't want to dip into their coffers and spend out of cash on hand isn't troubling to me at all. Growth companies typically reinvest all their revenue back into the business.
* I'm not sure if you saw my earlier post on this, but where are you getting the information about the additional shares that hit the market in December? I've checked everywhere and don't see any evidence of this. Is there a resource I'm not aware of that documents it?
Thanks in advance, and happy new year.
Tech
Thanks for the info about the additional shares. Where is this info documented? Do I need to call the transfer agent, or is there a filing somewhere. I checked on OTCPInksheets and didn't see anything.
Thanks.
BTW, the same thing is happening in GRNO, another pinkie that I'm in recently. Frustrating to say the least, especially when it seems obvious to me that it will magically start going up on Jan 3rd. At least with GRNO it makes sense, since there must be a lot of people that bought it over the summer on the big run up that would rather have the tax writeoff than the investment.
Definitely. What I don't understand though is why HLNT is being sold into year end, while plenty of other stocks that were dogs all year are all of the sudden running up the last few days. Even with the selling that we're seeing today, HLNT is still in a longer term uptrend IMO above the 200 day MA, just odd to see it get sold down to support so many times. You'd think some of the morons that apparently own (owned?) this stock would figure out that if they wait they can get a better price for their shares. Sorry if I sound irritated, but morons piss me off, and I'm kind of pissed at myself too for not anticipating this and selling at .01 so I could buy it back cheaper on a day like today.
Definitely. As much as I regret NOT trading HLNT on the last pop, I know I'll regret it much more to sell the first pop that DOESN'T collapse back down. Another poster just pointed out that the 300 day MA which I hadn't been checking has been resistance during the whole fall rally and into this winter. That resistance was broken during the recent pop in HLNT, so this pullback is almost certainly the last one for quite a while, probably a combination of the "backfill" and tax selling.
Exactly right, and although I posted earlier that if .006 breaks it would probably tap the 200 day MA, after looking at the chart more carefully I don't think that .0058 will get broken if it gets tapped at all. If it does get tapped, I'm selling something else so I can buy as much HLNT as possible because the trendline starts climbing steeply from there into Jan.
Also, if you look at the weekly it's pretty clear the stochastics are due to turn up soon as well as the MACD. Everything is lining up for HLNT to go up and hold its gains in Jan.
My only regret with HLNT is that I didn't sell the pops so I could reload on these dips with house money, but that said I won't be selling the pops in Jan because I think those that do are going to be left on the side of the road while HLNT passes them by.
Yup, check out the dummy who just dropped 950,000 shares at .006 and the buyers didn't even flinch, they just swallowed it up and are waiting for more. Still 25,000 on the bid at 5,000 at the ask. If that's not proof of bottom feeding I don't know what is. On the off chance that .006 cracks, it'll be a quick trip to the 200 day MA and back up again. This is frustrating to watch, but it'll all be over soon enough.
IMO 2011 will show enough growth to justify a much higher share price. The ones that bid it up early this year may not have gotten it wrong, just early IMO.
It appears that GRNO wants to go higher now, just some EOY tax sellers keeping it down. I bought in a bit early (.10) a couple of weeks ago, but I have no problem holding this as all I see is upside from here. I'm not pinning my hopes on the 2010 highs anytime soon, but believe this should at least be in the .20 range in the near future.
GL to all, 2011 should be a good year.
Excellent post and analysis. I agree that the transactions were most likely buys for all the reasons you mentioned. Also, if you look at the days on which the transactions took place, they were (mostly or) all green days which would make sense only if he was buying.
I hadn't thought about it being intention, but that makes sense as well. Not nice to screw shareholders around like that though, but the world isn't a nice place so nothing is shocking.
I'm still waiting to start buying again once the technicals improve, but I'm looking forward to the ensuing run once it does.