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VMHIF back into the green
Morning guys.
I hear this will close at .05 tomorrow. Lets see what happens
I agree this is a good loading time, but where is the fire power?
VMHIF needs a big push. Time to load up.
Looks like some bid wackers at work
Your right otterman. Gotta be a team player. Hope this might help interpret Americanbulls.
About This Site
This site analyzes approximately 15000 securities in the North American Stock Markets on daily basis using end of day data. The job accomplished in the background is immense. The data for all the stocks is downloaded and checked for false and suspicious data. The filtered data is then analyzed by a very sophisticated algorithm that issues daily signals. The commentaries are automatically generated for each signal and are revised in case of signal failures. All of this is done in a couple of hours after the closing bell.
The job performed in the background is very complex but presentation of the results is simple and user friendly. There are six trading signals posted. These are BUY-IF, BUY CONFIRMED, SELL-IF, SELL CONFIRMED, HOLD and WAIT. The signals are accompanied by daily commentaries. A multiple factor weighting scheme assign stars ranging between zero and five to all the stocks. The average success of five star stocks is a very impressive 92.7%. Other important features of the site are portfolio tracking, stock scanning, and two-year signal history, all of which are explained below.
Most of this section of the site including the signals as well as the commentaries is open to the public and is free of charge. However, access to star ratings, portfolio tracking and stock scanning are membership privileges.
The Philosophy
The philosophy shaping the signal system stems from our experiences which extend across quite a few years. This is not a trend following system. It emphasizes the identification of reversal points and is able to generate significant profits even in sideways and bearish markets. The essential tool used for this purpose is the Japanese candlestick patterns. The algorithm is able to recognize 91 different candlestick formations with high precision. It identifies relevant candlesticks applicable to each security on a daily basis, explains the patterns shortly and generates a brief candlestick commentary. Interested investors may visit our educational website www.candlesticker.com for thorough information about each pattern.
This site transforms the investor into a dynamic and vital element of the trading system in order to cope with the speed and volatility of the market. This is a feature unique only to this site. To accomplish this, pattern based bullish and bearish alerts are issued. Alerts can be confirmed only under certain pre-defined conditions. The task of the investor is to confirm the validity of these conditions in the next day and then go long or short only in case of confirmation. The Signals section explains this process in more detail.
There is no fundamental analysis on this site. You won’t find balance sheets, news, experts, comments, and gossip here, distractions that are conducive to manipulation and wrong interpretation. The aim is to create a truly objective system with no human interference at all (even from us). The system prevents interference of human emotions with trading decisions.
The Signals
BUY-IF and SELL-IF are conditional pre-signals(alerts) generated on the basis of daily candlestick patterns. They are posted for the next day's trading. Traders should consider the signals as confirmed and place their orders only if the market action in the next day proves that the alert generating pattern is confirmed.
There are three specific and well defined rules of confirmation for the pre-signals. Each of these confirmation rules is associated with pre-defined and definite price benchmarks. The confirmation rules and price benchmarks applicable the next day are explained in detail in the daily commentaries. The investor's job is to determine whether any of the three confirmation rules is satisfied by comparing the price activity on the confirmation day with the benchmarks. If the investor is convinced about the validity of the confirmation, he/she must place the orders without waiting until the following day. The system frequently (in the absence of negating patterns) waits one more day, thus allowing a second chance of confirmation. If the pattern is still not confirmed, then the conditional signals should be taken as null and void and should be ignored.
BUY CONFIRMED and SELL CONFIRMED are post-signals confirming the conditional signals. They show that the pattern is confirmed. They are actually a warning and a last chance for traders to place their orders. If investors are unable to monitor the prices during the confirmation day, they may wait to see if the BUY-IF or SELL-IF alert has been transformed or not into a BUY CONFIRMED or SELL CONFIRMED in the system. However by doing so, investors may make their trades at less advantageous prices.
HOLD comes after a BUY CONFIRMED and stays until the next confirmed SELL signal. It urges investors to keep their long positions as long as the HOLD tag stays.
WAIT comes after a SELL CONFIRMED and stays until the next confirmed BUY signal. Investors are urged to keep their cash positions as long as the WAIT tag stays.
The system monitors the performance of each signal after it is issued. The investors are notified by revised commentaries in case of slight signal failures. If signal errors reach to intolerable levels, commentaries are revised again to accommodate a special warning.
A transparent history of the confirmed signals is given for each stock and index. Wherever applicable, the history is given for the last two years. The success and failure of the signals are clearly shown with checks and cross signs. Moreover, investors can also see what has happened to a $100 invested two years ago and following signal based trading. The buying and selling rates in the history table are price benchmarks used for confirmation. Consequently, the signal history reflects the prices at which an investor acting on the basis of signals can genuinely buy or sell. The gains reported in the history table do not include potential short sales, interest gains, and broker commissions.
A. What is a short sale?
A short sale is generally the sale of a stock you do not own (or that you will borrow for delivery).1 Short sellers believe the price of the stock will fall, or are seeking to hedge against potential price volatility in securities that they own.
If the price of the stock drops, short sellers buy the stock at the lower price and make a profit. If the price of the stock rises, short sellers will incur a loss. Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand, or to hedge the risk of a long position in the same security or a related security.
Implementation Dates for Threshold Lists.
The SROs disseminated the first threshold lists on January 10, 2005. Regulation SHO does not require a broker or dealer to close-out the open fail position until a security appears on a threshold list for 13 consecutive settlement days and an open fail position for such security exists for each of those days.. Therefore, the first day on which a close-out action could have been required for a threshold security was January 28, 2005.
The short-interest ratio is the total number of shares sold short (short interest) divided by average daily volume. This is also called "days to cover" because it shows - given the security's average trading volume - how many days it will take to cover all of the short positions. The higher the ratio, the longer it would take to buy back the borrowed shares, and the potentially more bullish it is. It is potentially bullish because if some positive catalyst occurs, then there may be heavy buying demand from those short looking to cover (buy back) their shares.
Thanks for the tip Z. Will keep an eye on this.
Im sure they would put out a PR if verifiable news was at hand.
The site is not a commentary to base your trades on IMO. I like to see the overall picture and the way the candles are forming.
What are we watching today guys?
Morning zero and the gang!
I was watching VMHIF. Today is a mystery.
Looks alot like TNOG at this point, after the flurry of PR's we saw.
I wouldnt doubt it. Need to hear more about the merger
Daily Commentary from 5/22/07. Will post updated tonight.
TITAN OIL & GAS INC
Our system posted a WAIT today. The previous SELL recommendation was issued on 05.02.2007 (20) days ago, when the stock price was 0.0060. Since then TNOG has fallen -8.33% .
The previous BUY-IF signal is null and void. We allowed two days for the confirmation of the bullish pattern and market denied confirmation. None of the three bullish conditions were realized.
It is now time to wait for the next signal. Meanwhile, either stay at cash or check the other stocks. Do not bother with buying or short selling this stock as long as the WAIT tag stays.
Oh for sure. Not doubting it in any way. I have not flipped and I just wait patiently.
Getting better everyday
VNHIF getting flipped real hard. I was planning on a big run
Nice close at .06. Not the 7's I wanted but still broke even
That is why we need to fill it and have the MM's back off for a while.
I like the fact that they dont just sit back and do nothing
"As a result the Company informed its transfer agent to cancel 34,678,993 shares. It is also the finding of the new board of directors that several million shares of free trading stock were improperly issued to individuals who neither worked for the Company nor paid for the stock. The Company is investigating this situation and will take action as required against certain parties to recoup these shares".
This is huge!
Speaking of VMHIF being huge. News out!
Virtual Media Holdings Announces the Cancellation of Over 30% of Outstanding Shares
Tuesday May 22, 8:30 am ET
VMH Management Commenced Cancellation of More Than 34 Million Shares of Company Stock After It Was Determined That the Shares Were Issued Improperly
SAN FRANCISCO, CA--(MARKET WIRE)--May 22, 2007 -- Jim Carroll, president of Virtual Media Holdings Inc. (OTC BB:VMHIF.OB - News) (the "Company"), in concert with current management, is aggressively taking steps to rectify dilution that was the result of management knowingly operating in violation of the Business Corporation Act of British Columbia (BCBCA). The current board of directors has requested the Company's counsel, Cascade Law Corporation, to draft a resolution, which was passed, to revoke all restricted stock and outstanding options purported to have been granted by the improperly constituted board.
As a result the Company informed its transfer agent to cancel 34,678,993 shares. It is also the finding of the new board of directors that several million shares of free trading stock were improperly issued to individuals who neither worked for the Company nor paid for the stock. The Company is investigating this situation and will take action as required against certain parties to recoup these shares.
The Company recognizes that some shares issued between May 2005 and January 2007 were fully paid for. As a result 6,048,980 will be reissued to lawful holders of shares issued during this period, once their present share certificates are cancelled. As a result there will be a net reduction of outstanding shares by 28,630,013, a more than 30% decrease in outstanding shares.
On May 17, 2005 Steve Gaspar and Christopher Gaspar, who were at the time the President, Chief Financial Officer and only directors of the Company, held a directors meeting at which it was discussed and acknowledged that the board of the Company, as then constituted, did not have the minimum number of directors required by the BCBCA. Despite this knowledge no steps were taken to rectify the situation prior to the resignation of Mr. Gaspar from all positions with the Company in January 2007. A properly constituted Board has been in place since January 8, 2007.
Prior to their resignations, Mr. Gaspar continued to operate as the board of the Company knowing they did not meet the basic requirements of the BCBCA. Company records indicate that during this period a number of improper actions were undertaken by the board, including the issuance of a large number of shares for which the Company did not receive full value, as required by the BCBCA.
At the May 17, 2005 meeting Mr. Steve Gaspar also caused the Company to provide him with an agreement indemnifying him from any previous claims that may arise as a result of his prior actions on behalf of the board of directors. The current management of the Company does not recognize this as a valid agreement.
An annual general meeting will be scheduled for August 2007. In addition to quickly releasing the up to date capital structure post-cancellations (issued and outstanding) and transfer agent information, the Company will release its new business plan outlining the plans for growth over the next two years.
VMHIF huge news out!
Virtual Media Holdings Announces the Cancellation of Over 30% of Outstanding Shares
Virtual Media Holdings Announces the Cancellation of Over 30% of Outstanding Shares
Tuesday May 22, 8:30 am ET
VMH Management Commenced Cancellation of More Than 34 Million Shares of Company Stock After It Was Determined That the Shares Were Issued Improperly
SAN FRANCISCO, CA--(MARKET WIRE)--May 22, 2007 -- Jim Carroll, president of Virtual Media Holdings Inc. (OTC BB:VMHIF.OB - News) (the "Company"), in concert with current management, is aggressively taking steps to rectify dilution that was the result of management knowingly operating in violation of the Business Corporation Act of British Columbia (BCBCA). The current board of directors has requested the Company's counsel, Cascade Law Corporation, to draft a resolution, which was passed, to revoke all restricted stock and outstanding options purported to have been granted by the improperly constituted board.
ADVERTISEMENT
As a result the Company informed its transfer agent to cancel 34,678,993 shares. It is also the finding of the new board of directors that several million shares of free trading stock were improperly issued to individuals who neither worked for the Company nor paid for the stock. The Company is investigating this situation and will take action as required against certain parties to recoup these shares.
The Company recognizes that some shares issued between May 2005 and January 2007 were fully paid for. As a result 6,048,980 will be reissued to lawful holders of shares issued during this period, once their present share certificates are cancelled. As a result there will be a net reduction of outstanding shares by 28,630,013, a more than 30% decrease in outstanding shares.
On May 17, 2005 Steve Gaspar and Christopher Gaspar, who were at the time the President, Chief Financial Officer and only directors of the Company, held a directors meeting at which it was discussed and acknowledged that the board of the Company, as then constituted, did not have the minimum number of directors required by the BCBCA. Despite this knowledge no steps were taken to rectify the situation prior to the resignation of Mr. Gaspar from all positions with the Company in January 2007. A properly constituted Board has been in place since January 8, 2007.
Prior to their resignations, Mr. Gaspar continued to operate as the board of the Company knowing they did not meet the basic requirements of the BCBCA. Company records indicate that during this period a number of improper actions were undertaken by the board, including the issuance of a large number of shares for which the Company did not receive full value, as required by the BCBCA.
At the May 17, 2005 meeting Mr. Steve Gaspar also caused the Company to provide him with an agreement indemnifying him from any previous claims that may arise as a result of his prior actions on behalf of the board of directors. The current management of the Company does not recognize this as a valid agreement.
An annual general meeting will be scheduled for August 2007. In addition to quickly releasing the up to date capital structure post-cancellations (issued and outstanding) and transfer agent information, the Company will release its new business plan outlining the plans for growth over the next two years.
Virtual Media Holdings Announces the Cancellation of Over 30% of Outstanding Shares
http://biz.yahoo.com/iw/070522/0256011.html
Morning guys.
Absolutely. Sure is getting held back.
Thats good to hear.
hoping for a 7 closing
Morning guys. great day for VM
Just stay in touch and inform me if you hear anything on Titan
Glad your a part of this board and the hilarious jokes you bring. I couldn't stop laughing.
Titan to break .06 tomorrow
Could get loaded and run for the penny. I guess its Titans move for now.
OT: "playing fetch with a retard usually makes a mess....lol"
ROTFL!
AMPE 11%+
volume 4,283,855
Market Cap: 71.21K