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VSTR cookin' today. +50% earlier on high volume (500%+ over 22 day average volume).
500% over 22 day average volume.
+50% on 700K+ volume!
ValueSetters Receives Initial Funds from Private Equity Firm
32 minutes ago - BusinessWire
ValueSetters Inc. (Pink Sheets:VSTR) is pleased to announce that it has received the first installment of funding from the private equity firm discussed in the news release dated 10/23/2007. ValueSetters is scheduled to receive up to eight hundred and fifty thousand (US$850,000) dollars from its agreement with the private equity firm.
Funds will be utilized to better position the Company for the recently completed merger where funds will be initially used for marketing and product development.
About ValueSetters
ValueSetters Inc. (www.valuesetters.com and www.30fold.com) is an online buying group for independent retailers as well as an online faith-based retailer and marketer. The company's mission is to provide products and support services that drive the success and profitability of its member business network.
Safe Harbor Statement
Statements in this news release about ValueSetters' future expectations, including: the advantages of our products and services, anticipated advantages resulting from the merger and all other statements in this release, other than historical facts, are forward-looking statements. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as new products and services developed by other companies, market share garnered by competitors, and ability to maintain vendor relationships, among other factors.
SOURCE: ValueSetters Inc.
ValueSetters Inc. Investor Relations, 602-547-1611 investorrelations@valuesetters.com
Watching this one early this week:
SGCP
I don't know about the one below... I don't like the gravestone doji, but who knows what it'll do. I'm keeping my eye on it.
SHMM
Nice eye. Hopefully, the company is on the verge of releasing big news! :)
Hmm... looks like I missed that one. Oh well, can't get them all... or can you? lol
Heh... I eat my words: URGP up 33% today.
ACBT might still be worth watching, but it looks like URGP is probably junk.
Nice volume today. Despite that, still can't seem to break through the mid 2s.
.02 x .025
Let's see what these two do tomorrow:
ACBT
URGP
Tower bottom formed today on IFUE. Broke through 10 MA and hit the 50.
Tower bottom forming on IFUE.
Yesterday appeared to form a spinning top/shooting star. Note that this candle may be too large to really be considered a true shooting star. Therefore, I would call it a variation of such. The gap up indicated definite sudden buying interest (the volume clarifies that further). However, volume appears to be drying up today (that could change any second). The downward pressure identified from the long upward shadow from yesterday seems to be the continuing trend today. Therefore, a bearish engulfing pattern seems to be forming. If volume ramps up, this could change very quickly.
All IMO. I definitely do not pretend to be an expert at this stuff... yet. :D
Chart doesn't look bad on IFUE:
Still no response. They remain quiet, unfortunately. Maybe I'll try to call the CEO this week...
Just sent an e-mail to the company:
-------------------------------
Good afternoon,
Please tell your shareholders the current share structure. It is unreasonable to expect that anyone would hold stock in your company without knowing the current market capitalization. As I understand it, your authorized shares are now 500,000,000. That's all and well. However, what most investors and those on the sidelines want to know are the following:
1. What is the outstanding shares number?
2. What is the float?
3. What is the restricted shares number?
4. Does VSTR intend to sell any stock in the short-term or long-term?
5. Did 30Fold receive any stock compensation for the merger? If so, what are those details?
Items 1-3 can be updated via pinksheets.com, and therefore, require little involvement while making your shareholders more comfortable.
I appreciate your hard work, and I understand you intend to do your best for your shareholder's future. However, others want to see you act. Public releases and interviews without numbers unfortunately do not move stock prices.
Please consider my feedback.
Best regards,
<omitted>
.018 x .025
:/
Crossed the 50 MA today. Good sign...
Bad thing about it is the low volume that did it ($300 worth). Question on my mind is whether the upward trend will continue?
Tomorrow may bring indication to confirm it will. :)
If coydog is talking about the daily chart and referencing yesterday, it seems strange to call the real body, .10 to .105, unusually long (5%). Nison, in his book (http://www.amazon.com/Japanese-Candlestick-Charting-Techniques-Second/dp/0735201811 ), declares the harami (or harami cross) must be preceded by an unusually long real body.
There is a long shadow. The real body is between the open and the close, not the high and the low.
This is an example of a harami cross:
IMO, the 1 month daily chart does not reflect a harami cross.
Yesterday did form a hammer which is a strong reversal signal confirmed by a subsequent open. If you ignore the low volume that forced the doji late today, it would seem to indicate that the bears are losing ground.
Here's a good example of the opposite pattern, a bearish harami cross on Nov. 7ish:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24362709
Just wanted to clarify...
coydog, please feel free to correct me if you think I'm wrong... I understand that "unusually long" is relative to one's own definition. I do not claim to be an authority on candlesticks. However, Nison is.
Alright... now if eveyone will just hold... the bid will have to rise.
0.018 x 0.03
!
Decent hammer forming... Tomorrow morning may engender confirmation of a reversal.
Great. This is what I hoped to NOT see. Large volume at 0.02.
I guess what I'm saying is that if a stock drops 25% in value in one day, there is a good chance the next day it will drop even further, especially if the market gaps lower on the open. Maybe I'm way off (very possible)...
Thanks, lowman, for the response. That makes sense. I also think the bashing is a large reason people hate flippers. If anyone were to bash, it would definitely be someone in the stock short-term. Bashing just fundamentally pi$$es off people.
I'm still having a hard time seeing the benefit to holding a stock when the chart foretells big changes are on the horizon or in motion (major top reversal for instance). Maybe this is where I'm actually confused?
Since the previous runs relatively followed the 200 MA, it seems 0.04 would be a reasonable target.
Why do many treat "flipping" as a curse word?
If there is strong indication a stock will drop, why would you not sell?
Feel like I'm missing something...
Typically, I think most hate flipping for the following reasons.
1. Kills runs.
2. They lose money because they don't sell.
To me, it seems #1 doesn't necessarily always (or hardly ever) apply considering most runs are already dead before the flippers start to unload.
#2 seems more applicable than anything. People are just upset that they did not recognize the stock would drop.
Am I missing something? I must have my definitions wrong, but when I see people upset that there are "flippers" and they claim to be "longs," it seems they are referring to the following definitions rather than those described in this post:
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=15814093&txt2find=position
These are NOT what I would use as definitions, BTW:
Flippers - People who sell at highs and buy at lows (short-term and long-term highs/lows).
Longs - People who intend to hold for years at end.
Seems silly to me... lol :)
Maybe what they are really saying is that they are mad there are traders ("flippers") in the stock, and that they are investors ("longs").
I wouldn't feel too badly about the "gagged" TA. It seems HMGP is in a similar boat (since mid-2006), and that stock made many mountains of money.
Is there any way to prove they are using death spiral convertibles?
As far as I'm aware, with a company like this, that will remain as pure speculation.
Just like I could speculate that the wells will bring in 1 trillion dollars next month...
I guess what I'm trying to say is, why make monetary decisions based on wild speculations?
Sounds to me that an estimate of the float is at best a guess right now. How long ago did the NITE contact give you the numbers?
IMO, most traders/investors will not load up when the only information about the float is a rumor.
Nice to see UBSS up their ask.
I'd just like confirmation on the structure post-merger. Something likely changed...
I've thought about posing as one of the officers to get the share structure. lol
We'll see if I garner enough nerve next week. :7
Right there with you. Definitely nice to be back at 0.025. HA! Feels weird saying that. Hopefully, we'll see a steady incline throughout next week! :)
Watch the harami cross on INFS. This usually means a major reversal. If you bought in, it might be wise to sell...
Just wanted to remark that I never received a response to my e-mail...
Regardless, I still feel that if a private person/group is willing to dump $850,000 into this, it's worth holding for a while... that is, unless the person that dumped $850,000 bought stock at a reduced price and is now sitting on the bid at 0.025.
VION +17% this morning
ATAR looking good with the hammer. Confirmation on the open tomorrow?
Possible bottom play on PUDC? Nearing low from mid Sep. and late Oct.
MRED