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Been watching AAPH for some time, ever since I got an old pump and dump email a good while back IIRC. I have not watched it close enough to buy it yet, but it is on my radar. Caught your earlier post this week about overall market direction. I use to own KWK, RAME, APWR and BRY, bought them back in 4/09. Rode SIRI too.
I have about 24 stocks, scattered all over various sectors right now, biotech, alt energy, natural gas, regional banks, energy. My largest holdings today are CYTR (bio)which is way back down, and MVTG CO2 to HC conversion alt energy). I moderate a couple of boards, like COIN, where I also have shares (organic fertilizer. I am a bio-chemical consulting engineer. I have a bunch invested in AEXP and huge looses in it so far, but have been adding at the recent bottoms. I also have some div stocks, AA, SO for example. Trying to stay somewhat balanced.
What is your current opinion of AAPH, history?
All I know is I think this stock is worth at least .10, but it seems trapped at or below .08 for now.
I am adding and still holding.
Only answer I can give is they won't cash it, but will use it as leverage for now. I will buy more if it goes any lower and wait patiently for some positive PRs on the new drug pipeline!!!
Still holding every share I bought.
Awfully quite here for the news we had today that the merger with Terra was approved by COIN stockholders. We had a rally going most of the day, but closed flat, like the major markets. I suspect we are going to see a string of favorable news next that pushes the stock price back up into $ land. Maybe more Terra sales, maybe a deal with bond refinancing?
I miss read your post last time. I suspect it may be ready to head back to $3 soon. All it needs is the right news, from the looks of the last week.
Starting to look like a real rally may be getting a head of steam?
The float on this, and % short, says this stock could easily rocket on any real volume buying!
From my Fidelity data:
Shares Outstanding 12,272,000
Shares Short* 1,590,251
Market cap $5.15 million
Right now it is selling for about 1/2 of book value.
That chart makes me wonder if it is not time to buy the dip here?
I am starting to feel like the lone ranger here lately. The mid day or morning price drop, shorting, and late day rally pattern is still ongoing, but the lows and bids are rising, and we closed green again today.
This may no be far off from a rally, break out back over .30 soon.
Still long and I have been adding the last 6-12 weeks, still trying to grab a few cheap shares at the lows too.
I have a feeling the next rally here will run well over $1 to new all time, new 52 week highs. Should be a lot of eye opening, earth shaking news coming soon, based on the past news, and expectations the past news has suggested. The pending mergers, take overs, of profit making China firm(s-?), should turn things around here in a big way!
Is it just me, or does 29 million dollars sound a little low for the market cap here?
LOL
Especially since they made 18 million in cash this year already off the last, less promising well?
Nice closing rally today, back up at .36, up almost 6% today.
A friend of mine has a support channel at about 1096. I suspect we won't push through 1130 for 1-3 weeks, but it could break through tomorrow, then pull back. Either way I am medium and long term bullish for now. I see a pull back to 1096 then probably a run up to 1200 this year.
I agree on all points. The market is still just nervous and not yet ready to rally hard, but I don't believe in the DD recession. This is just an ongoing buying opportunity, that keeps getting more and more attractive as the price goes lower, and the drill goes lower!!!
When winter NG prices get here, and some cold weather hits hart, and the well data arrives, these 2 stocks will move way up, and we will be saying why did I not buy more at these prices.
Your math is off a little IF you are using the 4:1 merger ratio, unless you are using the recent ratios of about 5:1. MNLU all time low, low this morning is .32 which is .08 for AEXP, but AEXP is now sitting at .06, with a max visible bid of .051 now.
What Market pros say and do are rarely the same IMHO! I doubt Warren Buffet chases stocks as they rise. He buys at or near the bottom quietly, and makes the bottom, when he can as he announces the legal trip points of his holdings.
Somebody downgraded the major natural gas stocks this morning. That did not help.
But here is the deal, if you sell, you lock in your losses. If you still believe it is way under valued, then the only question in my book is when to add. I don't add unless the stock is down 1/3, 50%, 2/3 or 90%. And when I add, I add the same dollar amount I did before. Now let me say, that I do not do that if I think the fundamentals have really turned down, or there is some other problem percolating. I am pretty sure I will be back at least at break even by Feb next year, if not doubling my money.
Setting at .06 now, which implies .24 value for MNLU, not looking great here, unless like me, you are willing to buy even more oversold, shares.
Best Bid shows as .051 now. I have a bid in for more shares.
I read that someone downgraded the entire N gas sector this morning, or at least the major players like KWK, CHK...
4 minutes ago, the news just came out, Terrasphere merger was approved by COIN stock holders this morning!!!!
http://ih.advfn.com/p.php?pid=nmona&article=44398521&symbol=N%5ECOIN
Time for the shares to rock and roll!!!!!
Just playing devils advocate for now, but if that is true, why did CYTR sell off so many shares?
Of course, CYTR took a huge risk buying the entire company first during a world wide crash, then selling part of it in pieces at a huge profit at the last market tops, so that kinda supports your statement, and CYTR still holds a large chunk.
I kicked myself for not buying at $2 last time for the ride to $9.
I sort of agree. When do you think the small caps will break out? My thinking is next week, maybe after all the money tied up in Quad Witching expiration is freed up next week. But I fear we may see a small pullback first. Big question is will they take out 1131 this week first, then test 1096 or so next 2 weeks for support before moving hard back up to 1200 in October as a surprise?
Well it may have caught some shorts by surprise, and they may have reacted to protect their shorts. Oil was down again today, and the market volume was low, and the only real buying today was the high fliers, large caps versus small caps, which is typical in Quad Witch expiration week, if there is a rally going on.
Or maybe people were buying the news of news, and sold the actual interview? Only time will tell, but the fact they had the interview, tells me that perhaps MNLU is starting to pay some attention to its stock price again and starting to try and kick up some interest in the larger circles.
The first shares of AEXP I bought on pure speculation are now down 90%. But I am still convinced those will pay off in the long run, after the merger.
One thing I have learned is that rallies can be sharp, huge, unexpected, and you can't time the perfect buy when a stock or the market gaps up at the open by huge amounts. So I nibble on a target stock in small amounts, and hold and add as it drops, if it drops, as long as the fundamentals don't change. And so far this one is still an old style wild cat bet (except for the ace in the hole 1980's old well data!!!!). I like to make my buys during peak panic sell offs as it hits round numbers, or supports, like fib numbers.
I just don't have the day trading skills for timing trades, nor the capital to pull it off, But I do know, after what I saw in march 2009, that the time to buy is when the streets are flooded with and drowning in blood!
My thinking is if I liked a stock at $1, why not buy it at .36, if nothing has changed but the price? One thing is for sure, neither AEXP nor MNLU is diluting shares right now (they can't, and there are no volume signs of share dumping)!!!! And it looks like someone(s) is trying to free up and buy cheap shares before the big news arrives.
For every share sold, there is a buyer!!!!
The same previous pattern seems to be continuing here today. Some one shorts the stock during the day, sells borrowed shares at the bid, pushing down the bid by selling enough shares to push it down, then covers by the end of the day. Thus keeping the price down, and slowly driving off some buyers.
No one in their right mind sells a large lot at bid at 20% off of the prior days close, on a daily basis, in just the right quantities, to push down the bid to the next level each day, unless they are trying to buy cheap, and profit from shorting the stock, while covering their tracks by cover their daily shorts with a buy at the close. Look at the buy sell volumes, and times on a good 1 minute chart.
Small Business Aid Bill Clears Senate
ANDREW TAYLOR | 09/14/10 07:41 PM | AP
WASHINGTON — In a win for President Barack Obama and his political allies, Senate Democrats on Tuesday won a crucial vote to clear the way for a bill to create a $30 billion government fund to help open up lending for credit-starved small businesses.
Democrats cracked a GOP filibuster of the bill with the help of two Republicans: Sens. George Voinovich of Ohio and George LeMieux of Florida.
The 61-37 tally sets the stage for a final vote later this week to return the measure to the House, which is likely to approve it for Obama's signature.
The bill is probably the last piece of Democrats' ambitious jobs agenda that would become law before midterm elections, which will determine whether Democrats keep their majorities in the House and Senate. Democrats started the year with ambitious plans for a series of bills designed to boost the economy and job creation but have relatively little to show for it. The nationwide unemployment rate ticked up to 9.6 percent last month.
Obama welcomed the vote.
"This is a bill that would cut taxes and help provide loans to millions of small business owners who create most of the new jobs in this country," Obama said in a statement. "Small businesses across the country have been waiting for Washington to act on this bill for far too long."
The new fund would be available to community banks with less than $10 billion in assets to encourage lending to small businesses. The bill would combine the fund with about $12 billion in tax breaks aimed at both large and small businesses over the coming decade.
Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans, helping to loosen tight credit markets. Some Republicans, however, have likened it to the unpopular bailout of the financial industry.
Democrats say the measure is needed to help small businesses cope with a credit crunch that worsened dramatically after the financial crisis two years ago.
This might give us help real soon!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54440121
Small Business Aid Bill Clears Senate
ANDREW TAYLOR | 09/14/10 07:41 PM | AP
WASHINGTON — In a win for President Barack Obama and his political allies, Senate Democrats on Tuesday won a crucial vote to clear the way for a bill to create a $30 billion government fund to help open up lending for credit-starved small businesses.
Democrats cracked a GOP filibuster of the bill with the help of two Republicans: Sens. George Voinovich of Ohio and George LeMieux of Florida.
The 61-37 tally sets the stage for a final vote later this week to return the measure to the House, which is likely to approve it for Obama's signature.
The bill is probably the last piece of Democrats' ambitious jobs agenda that would become law before midterm elections, which will determine whether Democrats keep their majorities in the House and Senate. Democrats started the year with ambitious plans for a series of bills designed to boost the economy and job creation but have relatively little to show for it. The nationwide unemployment rate ticked up to 9.6 percent last month.
Obama welcomed the vote.
"This is a bill that would cut taxes and help provide loans to millions of small business owners who create most of the new jobs in this country," Obama said in a statement. "Small businesses across the country have been waiting for Washington to act on this bill for far too long."
The new fund would be available to community banks with less than $10 billion in assets to encourage lending to small businesses. The bill would combine the fund with about $12 billion in tax breaks aimed at both large and small businesses over the coming decade.
Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans, helping to loosen tight credit markets. Some Republicans, however, have likened it to the unpopular bailout of the financial industry.
Democrats say the measure is needed to help small businesses cope with a credit crunch that worsened dramatically after the financial crisis two years ago.
I am not sure I buy the flying under the radar idea. We have some real volume right now.
But I just got to thinking, what if some of the big boys have some friends shorting it each day, then covering to get the price way down, so they can load Buffet style? Loading up serious % ownership, before the well is completed and the news hits?
I already know one old timer, ubber wealthy oil and gas investor (friend, not a Kennedy...)that has loaded up on this play (MNLU through AEXP), for the 5 to year play, long long term.
There was frequent mention of the Kennedy's being involved here not too long ago.
Volume on AEXP is still very low, especially compared to MNLU volume?
Price held well today, and still good volume compared to recent history. We may see .60 again this month! Or at least .59
I was a little surprised at the down turn in price on the CNBC press, but then the shorts may have decided to cover their bets with more selling, before any buying could start?
I agree it is looking like we may hit the 20s any time, as AEXP has already routinely traded in the .07 area this week. When AEXP failed to hold .08 recently, which it had held for quite a while, it set MNLU target down to .36 or lower, which is what happened today.
At least Nat Gas is back up about 30% from recent lows!!!! I would not sell here for sure, and the bottom could be set at any moment if the right news comes out, so I just keep adding cheaper shares as I get the chance. I suspect AEXP may even reach .05, but no guarantees they will let us buy the final bottom shares, and I hate chasing stocks up.
One other curious note, we had good volume, and mostly buys the last 2 days. If I just looked at volume and green versus red bars on the chart (tick), I would have expected a higher price above .40, not a drop to .32 on MNLU. The tick volume / price looks extremely odd to me!!!! It may be time to do some charting indicators on this one!!!!
Price does not tell the whole story!!!
I have a retired, ex banker friend that suggested this bank stock to me as a survivor this year. I like bottom fishing. Todays PR suggested that part of the 600 million might be used for acquisitions!!!!!! It also said they might might NOT sell shares, or even try to raise cash!!!
I did pretty well buying SIRI and EK at the prior bottoms, and selling latter for very nice tripple digit profits.
I made my first, small purchase too soon on this one, and even the $1.76(?) $2 area may not be the final rock bottom low, but if they survive intanct, the price today is pretty cheap. Real question is how fast losses turn to profits, and how much will they loose before the losses end. Right now a pretty steep ongoing loss is cooked into the price. If we hit a $1 I will add again, unless Michigan slides off into the great lakes and turns into swamp land.
Right now, anything that does not have solid earnings and dividends is selling at pretty steep discounts.
No pump and no dump, just a steady long term slide with head fakes of a possible bottom periodically. At least natural gas is back up.
I am still long on AEXP, based on pending merger, and I have knife catching orders in if we go lower.
Something is going on!!! COINW, COIN Warrants volume is up 2000% today! The price of COINW is up 14%, and 75% of the buys were large blocks in the volume.
Some one is quietly macking some bullish bets todays over tomorrows stock holders vote!!!!
I am already very long COINW and COIN.
The train has definately left the station. We are steadily gaining rising support and pushing higher on steadily rising volume, with lots of room for volume and price growth. Good things come to those who wait!!!
Today's news may be just the catalyst to move us up past resent resistance. Sharp spike up just now on today's great news!
http://ih.advfn.com/p.php?pid=nmona&article=44377824&symbol=COIN
Also the vote is scheduled for tomorrow regarding the merger. IF you are going long, the clock may have just run out here!
Converted Organics Inc. (Nasdaq:COIN) announced today that TerraSphere Systems, LLC has shipped its first crop of lettuce under the Eco Spirit label for its licensee, the Squamish Nation, to Choices Markets, Western Canada's largest natural and organic grocer. The TerraSphere shipment contained 71.3 pounds of fresh romaine lettuce which traveled from the TerraSphere facility in Surrey, British Columbia to local Choices Markets, providing fuel efficiency and reduced shipping costs.
Mark Gildea, TerraSphere's CEO, stated, "We are thrilled to have completed our first shipment to Choices Markets; it marks the beginning of a cohesive effort to provide the people of British Columbia with locally-grown produce."
Choices Markets CEO Mark Vickars commented, "We believe produce grown using TerraSphere's innovative chemical and pesticide-free vertical farming techniques fits perfectly with our mandate to source pure, locally grown, top quality products. Choices shoppers will find these products under the new Eco Spirit name in all our fresh produce departments."
On July 6, 2010, Converted Organics Inc. entered into an agreement to acquire TerraSphere. This acquisition is expected to close in September 2010, pending approval of Converted Organics' Shareholders on September 16, 2010. The transaction is expected to make a significant positive impact to the combined company and strengthen the collective market-strength of Converted Organics.
The Company has scheduled a Special Meeting of Shareholders for tomorrow, September 16, 2010, to vote on the proposed acquisition, and encourages all Shareholders to vote their shares prior to the meeting date. If you are a Shareholder and wish to vote, but have not received or are no longer in possession of proxy materials, please contact your broker and ask for your control number. Upon receipt of the control number, please visit www.proxyvote.com to vote your shares.
About Choices Markets
Founded in December 1990 by brothers Wayne and Lloyd Lockhart, Choice Markets Canada is Western Canada's largest retailer of natural and organic food. With seven Greater Vancouver locations, Choices Markets focuses on offering shoppers alternatives to conventional grocery store items at fair prices.
In this case you are right, but there is no such thing as always and never, LOL. Right now I am happy I bought those shares, as it is already back up above what I paid last night (or was a moment ago after the PR sent it sailing back up)!!!!
FBC released a PR that sent us right back up 30 minutes ago. I am not a day trader, I am mostly a long term buy and hold investor.
MM or their buddy that shorted it that day is the only one that got those shares, and is was not very many shares as I recall when it went that low. I had orders in daily, including the day it fell to the low .2x area and I tried like the devil to get some more shares around .32, but never could get any, as long as I had all or none conditional orders.
I have started placing riskier unconditional orders to see if that will get me any on the sell offs, super cheap shares.
This was my best long today! Came out of no where in the afternoon. They were doing an investors conference today, from the old news, IIRC, so maybe they sold some new investors today?
There was fierce selling, short attack at the close today on FBC, in the last 10-15 minutes, We got down to $2.06 I think, I nearly got shares at $2.07, but I rebid and got some at $2.11 as new bids jumped in (probably short covering at the close, as the bottom at about $2.06 lasted less than 60 seconds.
I am still holding shares I bought at $9, pre reverse split.
I suspect someone has a large option position to protect at $2/share, as there was no news to drive a 25% sell off in closing minutes on this bank. I checked. I think this was an obvious quad witching OPEX price move, new 52 week low, buying opportunity. I tripled my share holdings today at $2.11!
I hear this puppy has a dividend around 10%!
Heads up sleepers! CGYV just started a rally, bust out through strong resistance at .40 minutes ago!!! Moving up fast on some good volume!
The game is a foot! SEC report just showed up. It says Sept 10th they changed the number of shares required for a quorum to 1/3, I read this as a positive step for now to try and make sure the Terra merger is approved:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7148115
AMENDMENT TO THE BYLAWS
OF CONVERTED ORGANICS INC.
1. The Amended and Restated Bylaws of Converted Organics Inc., as originally approved and adopted by the Board of Directors on June 6, 2008, shall be amended by restating in its entirety Section 2.5 thereof, which Section 2.5 shall now read as follows:
2.5 Quorum; Adjournment. The holders of one-third (1/3) of the stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business except as otherwise provided by statute or by the certificate of incorporation. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted that might have been transacted at the meeting as originally notified. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting.
I ask again, what negotiations? All the SEC reports say the deal has been negotiated, the ink has dried.
All that is left is crossing T's, dotting i's, and filling out paperwork, filing the final SEC merger prospectus with shareholders, and getting a vote out of share holders.
I was wondering if you had dropped off the face of the earth? I had not gotten reply's from you to my emails!!! Glad to hear you are back.
Very interesting!!!!!!!
LOL, It took the US Navy four years to decide they could not complete a study on a machine I build for them to test, because they could not keep the parts washer it was attached to fixed and running long enough, like 1-2 months. Answer, it could be a VERY long time, LOL!
If the local government gets involved, wants multiple permits, etc, add a little longer, LOL.
I decided to do some background checking on the new guys, solidteam:
http://www.usubc.org/news/solidteam_joins061308.php
Had a little trouble at first, got too many hits for some of the names in the group, but this looked legit enough to share. I guess one could say it looks impressive (LOLOLOL). The William McLaughlin guy showed up with so many patent office patents, with him as inventor, there must be 10 of him?
The Ukranian guy has some impressive history!
LOL, as a past Rep myself (I gave up on them with RR), never underestimate their ability to stick to their guns and positions, no matter how bad things get, or how bad their position looks in spite of damning science facts!
They will go to their graves screaming that global warming and climate change are communist socialist plots to kill the oil cartels,to take away their SUVs and to force us to become slaves to Toyota and to force us drive a Prius, LOL!!!!!!
One of the problems from 2000 to 2008 was GWB saying we would not control USA CO2 emissions unless China did. China is making it's move now, no doubt about it. I am seeing signs and news of it all over the place the last 3-4 weeks, about the China's commitment to reduce CO2 emissions by 40% by 2020. That is absolutely HUGE!!!!!! 40% in 10 years!!!!
I seeing all sorts of news, about steel plants, lead plants, rare earth metals mining going green in China, this news about the huge bank backing for alt tech I posted earlier today, all pointing to a huge change in the Alt Energy landscape.
CABN would be the perfect tech for it, and could send the CABN market cap off the charts. Of Course our sister CO2 stock, MVTG has already started the light speed engines today! I think CABN is close behind as it is creeping up, and may turn .10 into strong long term support this week.
I am also seeing strength in other China Alt energy stocks I own.