get set..
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LNDC earnings
http://biz.yahoo.com/bw/050329/295927.html?.v=1
I do not consider this a trading stock, and will listen to cc call in the morning to assess guidance (which did NOT appear stellar), before deciding to add, or wait to add.
stock is over 7% higher from lows of day in AH trading
BB widths
I am also interested in correlating BB widths with volatility increases and price movement.
You can add them to stockcharts charts by adding the following:
yb(time period),(std.dev.#)!
almost everyone uses 2 std deviations.
If you put a U in front of the yb it will appear above the price barchart.
I look forward to observing the bb widths as a measure of volatility, but i frankly doubt that it has a whole lot of predictive value on short term charts.
Here is the tutorial re. BB widths: http://stockcharts.com/education/IndicatorAnalysis/indic_BBWidth.htm
here's a chart (one of my sleeping dogs that barked a little today)
I'm thinking that using BB widths of shorter duration than the chart my provide some advanced signalling, so i changed the width indicator to 8day and left the chart showing a 21. come to think of it...can probably show both :)
RSTN 1/2 position entered @ 1.13
add bkg 1.20? i hope
UGLY market sold DELL in longterm account for small gain
can't bear to see it break 200dyMA
see my posts over weekend on RSTN...did a lot of due diligence and picked some up @1.13
sold AMAT for dinner money
sold ANTP cost of expensive entree LOL...whew and shorts are now back on top of it....below 25..
raising cash
IMOS news; STTS AUO
added IMOS & STTS in longterm account & exited AUO
http://biz.yahoo.com/prnews/050329/hktu009.html?.v=1
RSTN i don't trade pinks when i can't see L2 but
on my streamer it looks like nothing but upticks.
they had some sales news too
ANTP did not understand your chart
why would a cross above the 50dy be a sell signal..
anyway, added a little on the selloff this a.m. hoping for a bounce back up toward hod.
re Aroon
pls don't think me rude, but I truly don't understand an indicator that can be "manipulated" to show almost anything depending on the parameter used.
I believe the Aroon needs to be tailored individually to each tickers periodic tendencies. Otherwise the crossovers seems sort of arbitrary.
I have given this topic almost zero analytic time, but you can look at my response to david last night to see how dramatically the picture changes when you adjust the parameter significantly.
David, thanks for the time you took to post. For me, there are 3 white soldiers and other 3 white soldiers.
The classic pattern IS as you describe, I don't know that I would characterize it as "typical". Gregory Morris' description suggests that each successive days open is below the previous day's close: "Keep in mind that when a day opens for trading, some selling has to exist to open below the previous close. This suggests that a healthy rise is always accompanied by some selling."
In Morris' Candlestick Charting Explained in neither of the examples of 3WS shown are the succeeding day's opens within the previous day's body. That includes Sakata's Method/ San-pei. Look at AXP from 12/23-12/26/91 and KO from 10/28-10/30/91 for the examples used in the book.
I have recently described MY "3 White Soldiers" scan thusly:
this candlestick pattern is bullish at a point of low prices following a bottom reversal, signalling acceleration. At or near peaks the acceleration is less bullish and could be the result of short covering.
I further filter the candlestick pattern to include volume increasing over each of the previous three days as well as consecutive higher closes AND that today's price gain is bigger than yesterdays which is bigger than 2days ago.
That is to say that the length ("decisiveness") is increasing day by day on greater volume. I would not say that small or increasingly larger sized gaps are less bullish than daily pullbacks seen in the classic pattern. Look at ANTP over the last few days. I am interested in possible accelerations with this scan. A series of small upgaps seems very bullish to me, though one must be careful of blowoff topping action.
Candlestick analysis is an art form. I don't claim to be an advanced analyst. I do not know how you decide that a candle is "overly extended" unless there are violations of nearby support or resistance. Looking at the size of the shadows without viewing the intraday chart pattern has little validity.
I am more interested in the volume weighted average of the intraday trading:
HAST average volume for the preceding 9 days was less than 25K. Today 98K. I'm not going to examine time&sales but you can see from the intraday the buying clusters near 10:30 that moved the stock to 7.00. Another flurry 1:30 in the 7.20-7.25 area. A small buy provided the gap to the hod and a small sell at the close left a large upper shadow.
Doing a microanalysis of a low volume stock is not the most reliable. I certainly agree that finding stocks with RSIs flying below overbought are preferable.
I have never studied BB widths and would be happy to hear how you use them.
If you switch parameters the picture changes dramatically:
here the Aroon Down just did cross below 70 while the up moved a day or so ago. The RSI is above 50 but not yet overbought.
One of the problems with 3 White Soldiers is that you would like to have gotten in for soldier #1. No disputing that the HAST party started without me. One of the reasons why I adjusted the scan was to find accelerations that might persist.
I do believe there IS more upside coming for HAST. Doesn't mean I will be buying at the open tomorrow. I almost never make moves with earnings reports pending.
Thanks for your input and tell us more about using BB width measurements for timing...I don't even know how to put them on a chart, but knowing they exist I would like to work with them. I hear many people talk about tight bands and how they are looking for a move, but never knew what the deal was. Evidently you have some handle on it.
Most of the setups i have created have been for oversold bounces or resumptions. I have been exploring acceleration patterns recently, and am still looking for a reliable breakout scan. Any input you have is more than welcome.
LNDC: consider rebuy in LT account or possible swing
3 down days of diminishing size followed by inverted hammer last Thursday:
watch for volume/stick followthrough; stochastics nice but MACD premature.
HAST hit my 3 White Soldier Scan
better get a napkin to mop up drool LOL
This scan was prepared for icono's new thread for Naz issues for swing more than scalp trades. That is why i changed the stochastics, MACD, and used Bollie21s
I believe this is the first chart i have ever posted that is a perfect 14/14 bull-bear indicator ratio in my scan.
I will be looking for midnight oil on this one when i get back from volleyball tonite. check them filings.
10day:
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui....
This may also be the first issue I've seen that has gapped and run on news of a delay in earnings release?! they don't control IPOD or Playstation distribution do they?
200dySMA @7.62 seems like a slam dunk (I'll pay for that remark i'm sure)
3WS are now 4 White Soldiers
if it destroys 31.80 it is smooth sailing. The long black and pretty ugly candle on January 11 shows support (now resistance) in the 36 area.
My guess is the bearish outside-engulf on 2/8 will prove hard to move through. that is still 7% above the close today and the spot where the shorts will throw shares at the bid en masse.
It has now gapped 3 days in a row: .15, .84, 1.89
hmmm. I'm REAL glad not to be short.
I wish one could graph the increase in short interest in time along with the actual share price. I was told the fundies on this one are not gleaming.
btw, HAST had a big vol day, gap up, and met criteria (mine) for 3WS. have done zero analysis of it, but i throw up an intermed. stochastic & MACD view:
Yikes!....gotta send this pup to kenGSeasonaliT
ANCC listened to cc call, but without notepad in front of me
heard a lot about improvements and potentials, don't remember hearing anything about timetable for return to profitability.
was also mildly disappointed that management fielded no questions from those listening.
Although i believe the reward-risk profile is favorable, I am concerned that the burn rate might lead to unfavorable financing down the road. They did a PIPE, last year?, which isn't very exciting.
Have to listen again to make a double/triple down decision. One thing I DO know is that when a big order should get announced it will be too late to get in.
MCEL news: gapper for sure
http://www.amtdrt.inlumen.com/bin/story?StoryId=CqKEpubKbmdG3yJm4ntm
ANCC earnings news
http://biz.yahoo.com/bw/050328/285623.html?.v=1
you think some good news might have leaked!!!???
2yr chart
Conference Call
AirNet's management will host a conference call at 5:00 p.m. ET today to discuss the financial results, provide an outlook for the first quarter of 2005, review operating trends, and provide an overview of the current business plan. Those interested in listening to the conference call should dial 800-862-9098 or 785-424-1051, Conference ID: AIRNET. For those who cannot listen to the live conference call, a replay will be available beginning at 7:00 p.m. ET on Monday, March 28, 2005, until 11:59 p.m. ET on April 8, 2005. The replay number for the conference call is 800-839-5631 or 402-220-2558.
ANTP can someone say....short squeeZe
saw no news
sad not in...i bot AMAT instead ...sheesh
ANCC
gave me a holiday present at the beginning of '04...so i decided to let it ride..silly me.
now interesting block trade in front of earnings today...chart not too shabby either shifted the view to 2 yrs to show wha-ta-nass-i-am
if you change the [de] back to [dc] you get the 6 month view
XTND extending run
PRZ my favorite chart from this weekend's scans
fundamentals not too shabby either...candidate for my long term account
INSM thought you might like this one :)
anything about this promo look familiar?
email spam campaign
http://lists.gnu.org/archive/html/bug-m4/2004-10/msg00076.html
http://maillists.uci.edu/mailman/public/campusrec/2004-October/000359.html
later relationship clarification with Holifield Oil
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-19-2004/0002288234&...
at least with AMTX you know they are sharing a piece of the 25% working interest with Holifield.
same kind of reorg:
http://www.lampglobal.com/News/newsdetail.asp?id=71
possible source of the questioning of ACKO they responded to:
http://quotes.freerealtime.com/dl/frt/N?symbol=ACKO&art=C2005031000069r6968&SA=Latest%20News
ACKO's response:
http://quotes.freerealtime.com/dl/frt/N?symbol=ACKO&art=C2005031000069p8186&SA=Latest%20News
It's just possible that these companies are not complicit with the pumps...who knows. Did the Murdoch promo indicate that a "third party" had paid them. If given shares how could ACKO not be involved?
can't believe i've spent this much time on something i will never get involved with. just ornery while i watch NCAA bball & hockey.
I don't think there's any question but that the price of oil may continue up making the reworking of marginal wells more profitable.
from their recent news 3/8:
ACKO also announced that its Edgmon-Cameron H12 well has been begun producing. The well is producing oil, water and gas at low rates due to low bottom pressure, which is normal for the area. The well currently has approximately 1,000 barrels of oil in its storage tanks.
About Austin Chalk Oil & Gas
Austin-Chalk Oil & Gas, Ltd. (ACKO) is an upstart energy company based in Houston, Texas. ACKO's current contracts involve the company re-drilling repurposed wells-- wells known to contain oil, which due to insufficient technology in the past, were abandoned by their owners. These wells usually contain pockets of unprocured oil, which were hard to reach with the drilling techniques which had long been in favor throughout most of the world. Relatively recent developments in drilling technology have been made which allow companies like ACKO to repurchase those wells at a deeply discounted price, who then must make only a few inexpensive modifications to the well rig and can then commence extracting oil from a known-producing well.
from their PR on 3/23: The well previously had been producing oil, water and gas at low rates due to low bottom pressure, which is normal for the area. The engineers monitoring the results are encouraged by the upward production trend. Our operator's patented methods being utilized on this well, and which will be applied to the next four wells in our current five well program, are proving to result in maximized production. Steadily increasing rates of production for Edgmon-Cameron H12 are expected throughout the next month.
My questions to you are: do you have any idea what the percentage of working interest is that ACKO has in Edgmon-Cameron H12? Do you have any evidence that ACKO actually OWNS any repurposed, or other, wells? Do you have any idea what the schedule is to bring the other wells online?
What do you make of this announcement last August about the same well? http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/08-31-2004/0002241511&...
http://www.amtexoil.com/
You can believe that I am not going to contact: Marlen Roepke, President (713) 780-7633, but if you are going to sponsor a thread devoted to ACKO maybe you should.
RSTN
have been doing some duediligence this weekend on RSTN
makes nextgeneration routers that can handle voice data & video focused on Metro Ethernet networks
2 PRs this week including debt repay & rescheduling as part of settling noteholder litigation. also held an employee town meeting
http://ir.riverstonenet.com/phoenix.zhtml?c=123844&p=irol-news
from the 3/24 PR: " The Company noted that more than half of its shipments for the
past six months have been for products, including the Riverstone
15008, that enable its carrier-customers to deliver voice, video, and data ("triple-play") services. This demonstrates that Riverstone has established a strong foothold in this expanding segment of the communications industry"
There are lots of articles about them at lightreading.com
http://www.lightreading.com/search.asp
previous management is now gone after channel stuffing like booking revs. on products that could be returned & other ugly stuff. they got delisted as the SEC demanded review and revision of previous 10Qs.
how many companies on pink sheets have websites with archived replays of all of their earnings and news webcasts:
http://ir.riverstonenet.com/phoenix.zhtml?c=123844&p=irol-audioarchives
i don't know why they haven't requalified for naz listing, but found out: in the second section of the 10/14/04 conference call management stated that the 10K for '05 would be out in May, fully audited i presume. They stated that relisting would probably not happen until late this year.
am sure the increased vol. is due to last weeks news events. imo one of the few legitimate companies on the pinks.
Listening to that cc call and reviewing the news on lightreading should be part of your DD if you are interested in more than a scalp.
good luck
ACKO
I also received the "Murdoch" glossy and, because of all the oil&gas frenzy, decided to check it out.
Last SEC filing:
no revenues
meager assets
undefined working interest in 1 well that Holyfield Oil is working
option to obtain working interests in 5 other wells:
"
( a ) Plan of Operation for the next twelve months . Our plan of operation is substantially changed from our annual report for the year ended December 31, 2003, and our previous quarterly report for the period ending June 30, 2004. Austin Chalk Oil and Gas, Ltd. is actively pursuing that new business plan to engage in the oil and gas development of existing wells and new properties.
On or about July 8, 2004, the Company entered into agreement to acquire a working interest in a horizontally drilled oil and gas well in the Giddings Field of the Austin Chalk Trend in South Central Texas. The well is being drilled by Holifield Oil Company which is owned and operated by Ray Holifield. Over the past three decades, Ray Holifield has drilled almost 25% of the 9,000 wells in the five-county areas that Giddings Field encompasses. He has collected an extensive database of geological and engineering records on Giddings Field at a cost of approximately 10 million dollars ($10,000,000).
In the early 1970's, Mr. Holifield was associated with D.R. McCord and Associates, a pioneer in using computers for oil field modeling and simulation. While working for McCord in the Middle East, Mr. Holifield developed innovative techniques in Giddings Field, which enabled him to quickly identify fractures and faults containing hydrocarbons. In Lee County Texas alone, he has used this seismic data to drill 647 vertical wells. Many began production at more than a thousand barrels of oil per day. Overall, these 647 wells averaged 147,902 barrels oil equivalent - a production rate 4.7 times greater than the average of all other operators in the same area.
The Company, has obtained an option to participate in the next five wells to be drilled by Holifield Oil.
( b ) Discussion and Analysis of Financial Condition and Results of Operations . We have enjoyed no revenues during the periods covered by this report or corresponding periods during the previous fiscal year. "
This company has no direct relationship to the revenues of Holyfield Oil that I can see. Nor does it appear that Holyfield Oil has any direct relationship with ACKO other than letting them have "contracts"? for participation in 5 wells that have already been mostly played out, but can now be reworked profitably.
You posted a P&F chart for the ticker symbol, but the company is a reorg out of something called Knowledge Networks or KNW Networks which may or may not have been real..Marlen Roepke, one of 2 identified officers in ACKO, was a principal in the previous incarnated company.
Even though the company had nothing happening last fall, they had to file for an extension of the 10Q because they were "busy travelling"
My price target for ACKO is under .30 and soon.
I'm frankly amazed....set me straight if i am off base and point me to any verifiable info.
Their own website refers to a news release about their participation in an inflated stock price, but I haven't seen that news release.
base on the diminishing size of the white candles i'd say this play is just about kaput.
good luck
RSTN
http://ir.riverstonenet.com/phoenix.zhtml?c=123844&p=irol-audioarchives&EventId=954561&W....
relisting possibly after filing of 10K for fiscal 05 ending Feb'05 due in May. Mgmt does not expect to get relisted until late in '05.
not long now...but looking to become long soon
how many flamingos have websites with archived conference calls?
ESMC target unknown.
On bounce plays i use the 8 day BBand tops for targets, but for longer swings i think the top of the 20s are more in order. For intermediate term the 200dy SMA which is 8.89 and droppoing. If the volume comes in confirming a turnaround I think 6.30-6.50.
A support/resistance analysis indicates that 8.09 and 9.80 areas were previous congestion points. One of the bright points to be made is that ESMC is down over 60% since last September. If the earnings shortfall was temporary there is a lot of upside potential..
Actually think this one requires fundamental analysis per my initial post. i will be trying to go through the filings over the weekend.
First filing glance 10Q 2/14/05: It appears that SGA is in the process of doubling, or worse, this fiscal year. Sales are increasing dramatically due to an acquisition. There is litigation risk. Very complex.
ESMC: seeking input #5 Alive!!! (I'll have the Ally Sheedy pls)
ESMC: bullish engulfing pattern (BEP)x3..more favorable during early upside reversals. 3/2-3/3, 3/17-3/18, 3/23-3/24 are each bullish engulfs. The first pattern and it's huge volume looks like the capitulation bottom. The end of last week a retest, and now, hopefully, some higher lows and higher highs.
What I like about the 10 day chart is the picture of late buying in volume that moves the share price.
Cautions: Share price failed to hold longer term support in the 5.80 area the last week in February, and were not pierced on the first bounce attempt this week. Early birds catch a few extra percent, but can also catch facial egg.
Next caution is that I don't routinely play BEPs as often as stochastic reversals and hinges. I have been posting BEP plays to be able to backtest via searches in the near future as a way of increasing my repetoire. Please do your own analysis before committing to any trades. It's safer to buy stocks in uptrends for further upside.
Last caution: fundamentals
TA: analysis
RSI pos
1433s wishypos
MACD5138 wishypos
ULT pos
Aroon8 xover
Wm% pos
PPO pos
CCI16 shapingup
ADX about to go pos
ROC pos
PMO pos
OBV wishy
CMF neg/improving
ChiOsc neutral
FA: need to check the big incr. in SGA last Q which swung earnings negative...one timer or ongoing & persistent..
Sheep without a shepard? hmmm.. ESMC:BEP
It's the dialog I seek and as nice as it is to have a resident guru, I'd much prefer the give & take with likeminded traders who help identify promising prospects and contribute to better banking.
Without trying to toot my own horn I always try to include some commentary about the tickers I post, always welcome comments about them, and try to comment on the posts of others when I can.
If the thread consists only of tickers or charts and no commentary it then devolves, imo, to a potential ticker source that each of us as individuals evaluate for personal suitability...sort of a sophisticated streamer.
Although that is not bad, I joined ihub for dialog and learning from others. I have my own predilections, primarily for bounce candidates and candlestick analysis, but want to understand charts for breakouts, pivots, and others' specialties etc, including others' candlestick charting techniques.
enuf rant.
ESMC: bullish engulfing pattern (BEP)x3..more favorable during early upside reversals. 3/2-3/3, 3/17-3/18, 3/23-3/24 are each bullish engulfs. The first pattern and it's huge volume looks like the capitulation bottom. The end of last week a retest, and now, hopefully, some higher lows and higher highs.
What I like about the 10 day chart is the picture of late buying in volume that moves the share price.
Cautions: Share price failed to hold longer term support in the 5.80 area the last week in February, and were not pierced on the first bounce attempt this week. Early birds catch a few extra percent, but can also catch facial egg.
Next caution is that I don't routinely play BEPs as often as stochastic reversals and hinges. I have been posting BEP plays to be able to backtest via searches in the near future as a way of increasing my repetoire. Please do your own analysis before committing to any trades. It's safer to buy stocks in uptrends for further upside.
Last caution: fundamentals
TA: analysis
RSI pos
1433s wishypos
MACD5138 wishypos
ULT pos
Aroon8 xover
Wm% pos
PPO pos
CCI16 shapingup
ADX about to go pos
ROC pos
PMO pos
OBV wishy
CMF neg/improving
ChiOsc neutral
FA: need to check the big incr. in SGA last Q which swung earnings negative...one timer or ongoing & persistent..
JADE earnings bust; ASTM: mayB TP :) here's a link to some FA/TA on AUDC,
A mixed shelf doesn't mean immediate dilution always, but means, to me anyway, that the company forsees a potential need for resources. Who knows... if they issue all 50 it means something like a 16% dilution.
not to trash your MGAM, but AUDC is much more seductive to me for bottom reversal.
http://www.investorshub.com/boards/read_msg.asp?message_id=5852402
AUDC old friend shakes off downdraft
probably buying on Monday because:
1. truly madly deeply oversold
2. likely capitulation reversal put in on Wednesday. Volume %difference over the last 3 days vs. the preceding 3 days=104%
3. 90% of float controlled institutionally (http://finance.yahoo.com/q/mh?s=AUDC)
4. 3 Sched.13s filed in Feb. only Kern was selling and only 60oddK shares. Fidelity & Mass.Fin. added & MF became a 5% owner.
5. Current short interest of 2.8mill is 12% lower than Feb's 3.2 but not by that much. With so much of float controlled by institutions the rebound will be enhanced via short covering imo.
6. Candlesticks: diminishing dark candles leading to dragonfly doji on Wed. and gapping white candle Thursday, almost a classic morning star bullish reversal pattern.
7. TA indicators: a)yesterday's close resonated with previous support and resistane areas. b) key indicators turning up: stochs, RSI & MACD8,17,9
8. Target of 200dySMA (12.99)is 15% gain. Top of 20dayBBands (swing trade target) is nearly 14.
"growing feathers"
ANTP up 15% perfect 3 White Soldier configuration (for me)
previous 3WS configs for this ticker: 12/16-20 & 12/27-29
why it ran from 5 to54 at the end of year i have no clue, but that kind of volatility bodes well for the reversal in progress.
FD: just drooling...not in.
target is the pause in December rise at 28.50 or so.
having 20% of float short is sure to cause some pressure as well... thx sbtSusan
FWIW other 3WS configs today: HLIT CPWM JAH. HLIT's is at the best point of pattern for continued upside
LEXR Best Guesstimate: Shorts regain control
Jury awarded a paltry $84 million in punative damages. Hopeful longs were hoping for something closer to 1 billion.
http://biz.yahoo.com/rb/050324/tech_lexar_toshiba_1.html
i wonder if some short dummied up the pr???
MGAM presented to icono's new board...but i think it's yours
http://www.investorshub.com/boards/read_msg.asp?message_id=5835973
ANTP see ihub news/quotes for unpaid for Bellweather report
know nothing about this company
chart showing classic 3 White Soldiers acceleration off downtrend reversal.
am watching
fwiw they highlighted BWEB also...how come that one aint' flyin'?
shucks...
actually, day trading scalpers should look at intraday volume on BWEB. have seen similar patterns recently on other symbols...a lot of very early buying sucking in momentum players last couple of days...then very quiet leakage of price on light volume. Motto: get in early and get out quick!
then next time you do...the real run will begin LOL
AMAT news 16.62: Intel preferred supplier
am long from 16.2?
LEXR WAR! shorts vs. longs praying for big punitive damages
used to follow flash memory sector closely
SNDK is the gorilla, has squeezed LEXR with margins and volume pricing pressure
FLSH had great thing going until recent dilution
SSTI seems to have dropped the ball
LEXR has crappy fundamentals, but if the lawsuit gives them big punitive damages...the share price will be above $10
check for the street.com article
i got it from yahoo finance and can't post from this 'puter.
added BWEB this a.m. bkg 200daySMA on gap. NYMX
would encourage dd on NYMX...lots of sort of fluffy news lately, but many irons in fire
sold WLSF 1.01...looking for rebuy in low 80s, may not get it
BWEB another BEP: bullish engulfing pattern ...but
but the intraday (5'-5day)shows a volume spike flagpole and pennant.
this will have to resolve to the upside on volume shortly.
A few thousand shares traded AH Wednesday in the .60s. Bodes well, and i believe a definitive move above the 200dySMA at .54 is at hand.
ANX finally had someprofittaking, though on light volume...nice run it had