Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Check out ARTG. Nice doji, don't you think?
At 2.40, it only needs a 10 cent move to make you 1.33% in a day trade. And the vol on the pullback has been less than the vol on the up leg. Not on my A-list, but it may be tradable.
imperial Whazoo
SFE .... I think it is a strong candidate.
It has pulled back on low vol and it rejected the new low. 11/10 was a classic piercing line formation and it could have been a nice little trade. I see a possiblilty of another similar trade here.
Watch the vols. Watch the opening. If it makes a dash up, watch the vols. If it opens lower and then makes its way back inside the body of yesterday's trade, it could be another piercing line.
Imperial Whazoo
My next is a question:
XOMA gapped up 11/1. Do most think the gap has not filled? I'm 60% of the opinion it has filled because the 11/3 pullback tail covered the gap. I know this is unconventional but this is why I ask. Does the gap start at the high of 11/1 or is it actually the high of the previous day?
I think one way one day then I change tomorrow. I have seen this pattern often, though, and I think a case can be made that the gap is filled.
Opinions?
Imperial Whazoo
I'm a stockfetcher user. I run a bunch of custom scans each night on it. I'm glad I found this site. I hope you folks don't mind my posting as I do my work tonight.
My first find for tomorrow is PTSC.
It had a high volume day (11/14 4.9 million) where it very strongly rejected a new bottom. It called to a halt any thought of the decline continuing. It gapped up the next day and then retraced the move back down on less volume on the down leg than the rejection day or the gap up day. On 11/23, it is debatable whether the pattern was a piercing line or a harami, but either way, it is a firm statement that the next move is not going to be down. It may thus either move sideways for a while or it may move up form here. That remains to be seen, but either way (a choppy sideways action for a while or a new move up for a while)... either way, as I see it, it is a prime opportunity on Friday or Monday for those of us who day trade to make a nice little % gain trade.
Current price: .626 Assume 25000 shares & $10.50 total trading cost ($5 a side + exchange costs):
what's needed to make a 1.33% move: .635 (+ $214.50) up .009
what's needed to make a 1.75% move: .638 (+ $289.50) up .012
what's needed to make a 2.25% move: .641 (+ $364.50) up .015
what's needed to make a 3.00% move: .646 (+ $489.50) up .02
and so on.
I'm on this one, guys. Looks like a slam dunk, IMHO.
Imperial Whazoo
Absolutely cool post, man. Right down the middle.
Imperial Whazoo
ZVUEW .... I just love warrants. What is the float on ZVUE and what is the float on the warrants?
OT: I've been looking for a long long time for some kind of site on the web that covers warrants. Does anybody know where we could get a general coverage or a list of warrants?
Imperial Whazoo
Thanx AliasAlias -
I thought your reference to this being an IPO was interesting. Also the comments about the European activity.
Is this really an IPO? Where can I get a copy of the prospectus? Is there or was there a red herring? Anything available about the European activities that we could look at?
This isn't to challenge you, because I'm not an attacker. I'm an info gatherer and I've been known to post a pretty thoughtful comment or two, in my time. I read red herrings and if I could get my hands on a prospectus, I'd sure love that.
On the Tyche board, I asked pretty much the same question because they (Tyche) are reportedly doing financing in the UK in 4 tranches and the first tranche is already closed, with the 2nd being partially done. If I could get my hands on a prospectus or red herrings or the like (Tyche and/or Royal) it would be a real find.
So, could you elaborate a bit, if possible? Maybe a link or a PDF we can download... really, anything of the prospectus/red herring nature.... something "official" from the company describing the IPO.
TIA
Imperial Whazoo
Wakey Wakey?!? LOLOLOL I don't know why, spiras, but that just struck me as funny. I think you ought to put it on your tag line!!
By the way, very wakey wakey point you made there, buddy. Nice point. Tyche is a blessing. Sure is a good thought!
So, by the way, how much do you calculate each of the other tranches will add (if anything)? Or, can you make a case for dilution? I mean, aren't you CFO or some such of that publicly traded company in Israel? That makes you pretty well qualified to run the numbers.... certainly far better than I. So, how do you calculate the value picture supposing if there is success in the othre tranches?
Also, can anybody tell me when our Tyche shares will be free to trade?
Imperial Whazoo
(PS: Wakey Wakey LOL!!)
Its not misbehaving. I remain of the opinion it will consolidate now for a while, until some kind of news, good or bad.
Imperial whazoo
Oh, I'm not challenging. I just was wondering if arch was the source or whether eat had talked to or gotten info from somewhere else.
Not on board with it, at this point.
Actually, I'd kind of dislike it, now that I think about it. My gut reaction is anti share buyback at the moment. There will be plenty of natural power in a move caused by all the news that is just over the horizon. No need to do a share buyback. I kind of feel like I did when somebody floated the idea of a reverse merger into Tyche. I thought that, since Tyche had just been spun out, it was unlikely that there would then be a reverse split recombining the companies. I still think this. In the same vein, I think a share buyback is unlikely. The company just authorized an increase in authorized shares to 800 million, so just as it is not good timing to recombine with the company they just spun out, it doesn't make good sense to me to think they would double the authorized shares with a stroke of the pen only to start buying back shares shortly thereafter. It just doesn't make good sense to me. My gut says no. Better ways to spend 4 million, IMO.
Imperial Whazoo
Where did that come from eat? You got a "special" contact or something?
Imperial Whazoo
Thanx Mucho, compadre.
OT: Do the markets trade Friday or are they closed?
Hey Billiam -
OT:
Do you know if the markets are open Friday?
Imperial Whazoo
Which second link? I only see the one link.
I disagree. Certification is key to future. Without it, Panda doesn't get done, Util deals are fog only, placements a pipe dream.
So, certification is key, IMHO. Price will consolidate till news and if that news is news of certification, price will get supercharged. Again, as it is usually impossible for something like certification to arrive without some evidence of it coming, watch the volumes. Not the price. The volumes first and the price action understood within the context of volume. And one more thing: the people in the know have been known to drive the price down to shake out the weak hands.
GLTY
Imperial whazoo
Imperial Whazoo
thanx
Hey wing -
Ya got a link to that list?
Imperial Whazoo
Hey eat -
I heard on another board that you were a former MM trader desk guy? Or was it a broker? either way, you read my question to the nice fella fro the UK about TYEG info {post 337). Am I on the right track thinking that since the SEC controls it all really tightly over here, we could not expect the European phone number they gave out to respond to a request to have an info packet sent over here? Or is that the kind of thing about which you have no direct experience and just wouldn't know either?
Just thought I'd ask.
GLTY
Imperial Whazoo
Thanx greatly -
In that you are in the UK, what explanation can you offer for the pricing of the tranches in dollars? And are the shares restricted until a date (each tranche representing a chunk with a known date, each set of restricted shares becoming tradable in a staged fashion, determined by the closing date of each tranche).
I'm not sure they are free to sell here in the US as that would certainly become a registration issue with the SEC. They might not even be able to forward info, in that forwarding info could be legally an offer to sell, and thus some kind of code violation. So, thats why I was not inclined to call. My guess is that info will need to come to us here in the US by a side door, as it were. So thats why I'm asking you. I recognize its a bother but it sure would be helpful. This is a friendly board. Ive no doubt such a kindness would eventually return to you multiplied many times over in the future. So, any warrants involved? What number of shares in each offering? That kind of thing? Really... I am at least 90% sure it would run a foul of the SEC or some other regulatory body so any and all facts you can lay out would sure help.
Thanks greatly in advance.
Imperial Whazoo
Yeah -
I'm watching for the volume to come in to tell me when to buy.
Imperial Whazoo
I think what we are going to see until the certification news is going to be accumulation between .08 and .12 more or less. If there is bad news, it will show on the chart. Likewise on good news.
My plan is to accumulate as opportunities present.
Try this exercise:
Put the chart up as a weekly. Look at it as three stages: upthrust, topping, pullback.
Look at the vols in each. On the weekly, use 9/29 thru 10/13 as the up-thrust. For topping, use 10/20 to 10/27. (weeks beginning those dates, that is, in all these cases). Use 11/3 thru today for the pullback. Now that I think about it, I guess I'd label a 4th one and call it Consolidation, but its just starting.
So, check the volumes of the three. Heres are the vols per each one (in millions): 16.495, 13.619, 9.575.
Compare them percentage wise: Since the first of the 3 is the largest, I assign the label "100%" to it and the other two get compared to it. So, the others, measured against the first (the upthrust) are as follows: the top... 2.875 mil less or 17.44 less volume; the pullback... 6.92 mil less or 41.952% less volume. Anyway you look at it, its a major decline in volume. thus, the pullback does not swamp the up-thrust. The more powerful of the three phases is the upthrust phase. Compared to the decline, the up move is stronger.
Now as regards yesterday's candle, it was a hammer (no longer thinking in terms of weekly, now looking at the dailies). And it was a quite pronounced long tailed hammer, I might add. The tail speaks of the quality of the rejection: this stock firmly rejected the a muscular attempt to crater it. A trader I used to be around some used to say that the traders often come back from lunch and you can see what they thought about over lunch by what they do when they get back to their trading activity. So, it kind of looks like somebody came back (12:38 PM) with the idea that they could slam this stock but they ended up being surprised by the obvious fact that other traders had decided to buy on any weakness. So, they come back from lunch and try to slam it and they get a bit of a shock.... they get rejected bigtime. I don't know if this is true, but it sounds like it might be what happens.
Irrgardless, because yesterday's candle was such a pronounced hammer, with such a long tail, unless another event subsumes yesterday's candle pattern, then I am marking that as the day the decline "ended" and the next phase began (consolidation). Anyway, thats how I see it. As always, the disclaimer is that chart pattern reading is never a 100% slam dunk, but it has a logic to it and I believe that investor sentiment illustrates itself in chart behavior.
I welcome anyone who wants to read this another way. I am but an ordinary joe and I could be wrong, but I see these things and my reasons are, at the very least, logical. So, anybody read it differently?
As always, watch the volumes. If certification news is withheld for unstated reasons, the chart could go sour on us. Until something bad happens, though, it is my opinion that we should now see a period of accumulation/consolidation before the next big upthrust.
Watch the vols, not just the waveform of the candles.
GLTY
Imperial Whazoo
Darn shame we can't punish the BOD... the REAL guilty party IMO.
Imperial Whazoo
starboy -
Thanx man.. Nice colors.
Imperial Whazoo
You are kind. I was just mad at the attacker and I knew that the chart was solid so I just toed (sp??) the line and took the opportunity to try to teach what somebody else taught me. I'm mean, that whaer e I got that bit of knowledge... somebody else showed it to me. Its what should be done... the way a friendly board should work.. Learn something or dig something up.... pass it on. Bread thrown on waters.... that kind of thing.
Thanx and good luck
Imperial Whazoo
My reason was volume. Look at the volume bars on a 5 minute tick... Look at 12:35 to 12:45. If you trade it, that was like a neon sign saying buy me. On the other hand, if you are sure it will see .07 and you don't plan to flip it for a nice daytrade, then hold off. I'm a day trader and the volume spike and the firm rejection the followed immediately were just perfect for my kind of trading. I guess it just depends on your trading style.
Imperial Whazoo
The person who keeps stirring up unnecessary upsets is always attacking me because I made the effort in some of my posts to do a little technical analysis last week. There had been all kinds of hatefulness and I just got tired of it. So I pointed out where support was and I tried to do a little teaching about how it was resting on the 50 day and how it was pulling back but on low volume. So, anyway, whozits thought it was a good time to make another attack on me by jumping up and ridiculing me for having tried to do some teaching on it. Anyway, facts are facts and just like I said in last weeks posts, our little stock held up well. Exactly like I said it would. It got a really big slam attack on it at 12:38 driving it down to .095 but fact is that it rejected the low and rebounded to close at .12, pretty much like I was trying to teach about.
Now, IHDR (the man) knows I am an ornery cuss in that I declined (politely) to play in the iBox. I just don't tell people how many I did and at what price. I guess I just don't play well with others. All I will say about that trade is two things: I didn't miss the volume event and its matching rejection of the bottom (I had my eye on it real time) and, second, I did not do the "perfect" trade. I have a rule that pretty much has me bailing early in most cases: the pigs get slaughtered... that my rule. So, no, I didn't pull off the perfect trade. Truth is, I just aim at a certain percentage and get out, so I actually actively work discipline myself to trade out well before the perfect trade. The idea is to make money, not to prove you are Tiger Woods.
But everything on a technical level that I tried to share with people held true... and the ridiculous ridiculer shined one more spotlight on themselves... a pretty good object lesson to everyone who is paying attention that its really just ignorant to glory in mean behavior. This board is supposed to be a place for adults to share ideas and thats what I tried to do by taking the time to try to do a little chart teaching. You can insult me, you can chalk it up to luck, or you can decide I might actually be onto something. Thats up to each person. If you insist on a fight... fine... who am I to cower just because some anonymous board bully inists on mixing it up? They just end up looking mean... and in cases like this, they look stupid to boot.
Its really simple, and this comment is for the board bullies out there lurking: Peace man.... quit attacking. Period. And, take a look at the principles behind what I said about reading this chart last week.... it just might be that you could learn something.... Or, on the other hand, maybe not, cause you can lead a horse to water but you can't make it drink.
So, no, I didn't pull off the perfect trade. Fact is, I always deliberately sell quicker than that.
GLTY
Imperial Whazoo
IHDR -
Good moderating job, man... And nice little trombone solo too!
Hey, did you check LieTeller's post mocking me on watching volumes? Wow, she was so busy slinging idiot insults that she missed a perfect daytrade. High volume peak rejected in absolutely elegant fashion at 12:38 and exactly one hour later, the thrust to the downside having been rejected on volume... up 21%. You think any of these diaprer wearers are ever going to learn to trade or do you think they've maxxed out insulting others, hiding like cowards at the end of an anonymous link? Nah... they'll never learn. Nice little 1 hour 21% swing wasn't it? I enjoyed it.... almost as much as watching LieTeller make a fool out of herself once again.
Keep your trombone jazz coming, man.
GLTY
Imperial Whazoo
oops... well, at least it wasn't a publicly released PR LOL
You got it easy. And there are the wells in the frozen north and those in Oklahoma.
Another omitted snippet was the rig. No rig mentioned.
So, My bet is there will be follow on PRs on the missing areas of fact.
Also, TYEG will be announced to become free trading too, sometime soon, I big time bet!!
Imperial Whazoo
Well, its not important, but shouldn't "companies" be either "companies'" or "company's" depending on whetehr they meant plural or singular?
Well, maybe they don't teach "riddin & ritin" in East Texas.
Imperial Whazoo
Sounds like God was watching over me despite your foolishness!!
Memeorize this phrase and repeat it over and over till it sinks in: "Hi New Orleanes residents. We're from the government and we're here to help".
There...just say that over and over.
Man, we just dodged a bullet fired by you. Somebody tackle him and put him into restraints.... please?!?!?!
Imperial Whazoo
Thanx tchauncy -
You are always thoughtful and intelligent and reasonable.
Like you, I'm not a novice either. My family business is oil & gas. To be very plain with you, if I were to tell you the publicly traded company my family started way back in the 1920's, your jaw would drop. My particular branch of the family is full of oil & gas experts (petroleum engineers, wildcatters.. that kind of thing) who only recently sold our privately held company, lock, stock & barrel to another private company. My job for nearly 25 years was to run the computer side of the business. In particular, we represented, as professional property tax consultants, the interests of fiduciaries & property owners throughout Texas, Louisiana, Alabama, Kansas, Oklahoma, Mississippi, Florida, Colorado and about two dozen other states. I personally created and managed a complex property description, tax records, and division order database management system specific to the ad valorem tax industry. And, for about 15 of those years, I also was the president of a spin off of our database records management systems that sold high end records management solutions to midsize and departmental entities, including but not limited to engineering firms, tax departments of oil companies, oil & gas trust departments, private family oil & gas trusts, professional property appraisal firms, and appraisal districts.
What we did, apart form the nuts and bolts of complex records management database systems, was we were professional negotiators, licensed by the several states and legally recognized as agents and representative before governmental tax entities for matters pertaining to the valuation of our client's oil & gas, personal, and real property. Specifically, we negotiated tax reductions on behalf of oil and gas property owners. We were professional negotiators.
That having been said, please understand me when I say this, but with all due respect, you are one of the most helpful, pleasant, honest, forthright, and reliable voices on any board here on iHub. But, and again, not wishing to offend, you are, from my point of view as a professional negotiator with over 25 years experience plying the trade of professional property tax negotiation... you are also quite adept at the art of subtly changing the subject.
With all due respect, any differences I might have with any of the particulars of any of your posts (your most recent included) are so insubstantial that they don't merit mentioning. But, it remains a fact that, in the post to which this is a reply, you very effectively changed the subject from what I posted about to what you wanted to talk about, which are not the same things.
So, now I'm going to be blunt. KING voluntarily posted that they intended to ship a rig in August to Romania. This having been done, and this having been done of their own volition, it therefore became something about which the shareholders of KING deserved a follow-up post, once the self announced August deadline had passed. PERIOD.
Your wonderful and helpful and informative posts notwithstanding, there is not one single paragraph in this one, your most recent post, that contains anything relevant to my plain contention, herewith plainly stated above. PERIOD.
In paragraph one, your introduction, there is not one word affirming the reasonableness of an expectation that, given the self imposed August deadline, a follow-up PR about the rig was deserved once the deadline had passed.
In paragraph 2, there is not one word affirming the reasonableness of an expectation that, given the self imposed August deadline, a follow-up PR about the rig was deserved once the deadline had passed.
In paragraph 3, a rhetorical question about the nature of a PR, "in all fairness to the company", is posed, and a ridiculous fictitious headline is promulgated. This is where you effect the change of subject, very deftly done, I might add. I don't intend to be contentious, but this paragraph is where you cleverly and subtly changed the subject from “what is fair and reasonable to the shareholders” to what is “in all fairness to the company”. And let me note once again that, in this paragraph, there is not one word affirming the reasonableness of an expectation that, given the self imposed August deadline, a follow-up PR about the rig was deserved once the deadline had passed.
In the 4th paragraph, there is a progression from the mere change of the subject. There is a type casting done at the end of the paragraph. A marvelous little characterizing phrase was chosen: "worthless minutia". Well done and bravo. You are impressive, but I'm not talking about "worthless minutia". Nor have I ever been. I'm talking about a deadline KING placed on themselves that they let pass and that we, as shareholders, are legitimately interested in. Its not "worthless". Its not "minutia". Its about the announced shipment of a drilling rig to a major oil & gas drilling project in Romania in August 2006 from the port of New Orleans. In prior posts, the trivializing phrase was “fluffy PRs”. Now, its progressed from merely being trivial and “fluffy” to being “worthless” and “minutia”. Again, well done and bravo. A very elegantly played card; masterful use of the passive aggressive. And, again, your paragraph 4 does not contain one word affirming the reasonableness of an expectation that, given the self imposed August deadline, a follow-up PR about the rig was deserved once the deadline had passed. I might have let you employ your passive aggressive without comment had you not stepped beyond mere trivialization to outright insulting denigration. I just can’t let you walk that one past me without shining a big bright spotlight on it. Even so, masterful use of the passive aggressive.
I hate to disrespect you by the bluntness of this post. I have spent too many years as a professional negotiator to let you change the subject on me in this manner, and get away with it. I’m interested in the value of my investment. I presume the other shareholders are as well. Until real progress is announced on the deals KING outlined in June, the value of this company is largely intangible, composed mostly of the trust the June announcements generated. By putting a voluntary date on the shipment of the rig for the Romanian project, KING gave shareholders something tangible. The rest of the stuff they announced is open ended, but they put a single, tangible object into play by their self declared August deadline. If this company is the honest group of experience oil and gas men I believe they are, they need to realize that they contribute to the erosion in value of the company when they treat shareholder desire for a PRs on a not insubstantial tangible matter that they chose to announce and on which they imposed a self declared deadline, as though the shareholders are desirous of mere hand holding. "In all fairness to the company"…. Give me a break. “In all fairness to the shareholders” is the appropriate viewpoint, in my opinion, and I think what I have said about it, though inordinately long, resonates well. That you disagree is simply a matter about which you and I are going to have to agree to disagree, unless, of course you yield, which I think you should. As to the rest of the folks who read this board, I leave it to them to decide where they stand on their own.
Good luck to you. “In all fairness to the company”? I don’t think so. “In all fairness to the shareholders”… now that’s where I stand.
Best regards,
Imperial Whazoo
Well,
I can't tell you how tired I am of the refrain that is recited like some kind of mantra: "We don't believe in fluffy PRs." Well, let me tell you what I think about that.
I recently wrote a PM to one of the more prominent posters on this board and one thing I told him was that a PR isn't only a spotlight. In fact, its a bigtime PR mistake to treat PRs like they are only spotlights. If the only two choices were a 100000 candlepower aircraft landing light or a Winnie the Pooh flashlight, then maybe you could sell the idea that it was bad company policy to turn on the spotlight too often (and to never turn on the Winnie The Pooh, either). But thats not real. There are all kinds of choices and fluffy is not the only alternative to deploying the searchlights. There are more choices than just the two. So, to say that they just can't release any PRs because they aren't the kind of company that posts fluffy PRs is silly. You've got all kinds of legitimate PR choices other than the choices of PR darkness or fluffy PRs or big, bright spotlight PRs. Its like lighting a room. You know what the roaches do when you snap on the light. they run away and hide. They don't like the light. Well, in like manner, if you don't turn on a light here and there, the next thing you know you'll need an exterminator because an infestation of pests has overgrown the good will of your most loyal shareholders. Turn on a small light here and there every once and a while and you'll help yourself as a company because people will just generally feel better about you. And you'll keep all the pests away, too, because thats just the nature of things. Its just common sense.
So, I kept pushing to try to get groundswell support for convincing them of this thinking, mainly because I am just convinced its a win win for everybody. You keep the natives from getting restless and you buy time behind the curtain to move ahead with your major objectives uninterrupted. And you not only call yourself a friendly and open and forward thinking little company, but you actually are these things.
Anyway, your post was helpful. Maybe management reads the board and they will see and think about my reasoning to the end that they surprise us all and start doing what I'm talking about. Maybe they will decide this is just good, common sense and, when the Romanian rig does ship out, maybe they will surprise us with a nice little non-fluffy PR about it. Thats my hope, anyway.
GLTY,
Imperial Whazoo
Your great man. Thanx.
I asked time and time again because I had this idea that one way to bolster sagging spirits of the longs who have been so loyal to KING would be to PR about the rig. My reasoning was that, since they were understandably under a news blackout while they pulled their Gulf plans into reality, it could not harm to feed the troops by releasing info on the status of other work like the Romanian rig. I just thought it was the kind if thing that might build up failing spirits, and since it was not the plans for the Gulf, it seemed not only harmless to PR about it, but it also seemed like a smart thing to do. Hence, I kept raising the question.
So, thanx for sharing what you learned by calling. Its good they don't hesitate to talk with shareholders.
GLTY
Imperial Whazoo
Well that fine. I always hesitate to put myself forward.
Did they say anything alse.... such as offering a reason why its been held up and whether it was still part of the plan to go forward in Romania?
Anyway,
Thanx etc...
Imperial Whazoo
Thanks man -
How'd you find out?
Imperial Whazoo
I'm sorry but I'll just have to get back to you on whatever the post I recall as having had that in it yesterday. i'm doin a bit of trading real hard today. I'm running some, baby. Runnin and gunnin.
So, on that, later. Sorry, but thats the scoop as to the bulk of my time today. Gotta go.
Imperial Whazoo
Oh it was nothin, really. I was just sayin hi to eats at his new digs on the TYEG board and asking if he knew why my data feed supplier appears to show no TYEG trades in the last 35 days while somebody over here on the BIGN board posted yesterday that TYEG had finally shown up with 3.70 value on it on his portfolio statement, appearing thereby to have traded more recently than that. I figured my data was right but I thought I'd put the question out there and let the TYEG board field it.
Imperial Whazoo
What are Ziam & Rudy 45?
Imperial Whazoo