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I have held company stocks that were taken over going back as far 1986, and there have been times where I lost my ass holding the stock while it dropped, and then got taken over at a rock bottom fire sale price (they took it private)leaving me no chance to ride a rebound back up to recover my losses. I have also been lucky with one last year that I bought near the bottom, it was so oversold it was bought out at a 600% premium over its recent low, that I made a 500% profit on the move to take it private in about 30 days after buying near the bottom. I doubt ANX would be bought and taken private, but if the buy out price is poor, and it was bought by a big outfit with a stable stock price, don't count on a move up after the buy out.
LOL, I learned from an ex floor trader (so he says) that uses Gann and Fib. You think that one is hard to read, you should see his, makes mine look like kindergarten level, LOL.
But the key point is the 200 MA and three fib retrace lines from 1 and 5 year highs and lows are all converging on a $1.08-$1.09 price below the $1.15 close on Friday! And $1.15 is a 68.2% fib retrace of a 12 month high that could be the take off point for a huge Elliot wave 3 wave up into 2-3 dollar land, and with several recent analysts raising their targets from 2 to $3, it may be time buy the dip here!
If $1.08 fails, next support is $1. If we drop past $1.08, I don't where it will turn, although I would expect bounces between 1.00 and 1.08 before it went much lower.
I am VERY LONG on CYTR at the moment. I have been long since early 2009, but recently added about 2000% more shares. If $1.08 Holds, I may add more, as this looks like one of the best set ups and most predictable set ups for a strong rally that I have seen in penny land in a year. I don't see any potential for bad news any time soon either, and their PR news is steady. I don't see them selling any more RXII near term either. But we do need to watch the RXII stock price for signs as it's drop Friday did CYTR no good! Good news on RXII is the recent back door deals there were at prices 15% above Fridays lows, so RXII may have bottomed!
I am pretty sure that the COIN's waste food to fertilizer processes can be an energy hog if not done with an eye towards energy efficient methods. Waste water must be an issue, by product of the process in making the fertilizers, so energy efficient waste water treatment, and energy efficient thermophilic anaerobic conversion of waste food to fertilizer combined may be where this guy and his process fit in. Also, recycling of anaerobic off gasses to reuse as fuel may be part of the process too. Wish I knew more about about what they are actually using and where, but none of their disclosures get into the real tech meat (which is the area I work in) of which version of what or patents they are using where. For now I am not adding, but watching and waiting for more clarity about where they are and where they are going, especially with regards to cash burn rate, and sale growth. This is definitely one to watch closely, as they seem to be on the M&A hunt ongoing hunt which could mane them permanently or cure their cash burn problems quickly!
http://www.compostingcouncil.org/uploads/n18_summer08communicator_web.pdf
He was a speaker in Jan 2009 at this Houston Conference.
His name shows up as a director here:
http://sec.edgar-online.com/virogroup-inc/10-k405a-amended-annual-report-regulation-s-k-item-405/1998/04/16/Section3.aspx
on Page 8
FWIW, I suspect COIN is about to or has been already been using this waste water (energy.....) technology in one of their plants, based on the story below. Perhaps that is one of the reasons they have moved in that direction. Only problem I have is it has no links to details, or patents or history on the technology itself, only details on the guy that came with it. I do like the sound of this new guys credentials.
One thing is for sure, COIN is pushing the hell out of the news machine on this, JESSUS, just look at all these Google news hits already with just waste water and this guys name as search words!
http://www.google.com/search?hl=en&client=firefox-a&hs=ovc&rls=org.mozilla%3Aen-US%3Aofficial&q=Rick+McEwen+waste+water&aq=f&aqi=&aql=&oq=&gs_rfai=
http://afairly.com/?cat=9
http://www.gogreentoolshed.com/category/organic-fertilizer
http://www.stockhouse.com/News/USReleasesDetail.aspx?n=7675175
I notice that we rarely hear how much they shipped, or the dollar impact on sales lately.
If they are hiding something, it is not helping as we lost $1, that we needed to stay with NASDAQ, we have drifted off into the waste water business now (bizzare), no earnings, no report of an expected earnings report for last quarter and year end. And we may be near a market correction down move, test of recent lows for options games, that could drag us lower, while we are already falling.
I am still long term bullish on this company, but wondering where the next low will be, and if we will get a rally off of it or flat line. Guess I need to do some charting on this one.
I just discovered that americanbulls.com issued a buy this week at $6.30, and a hold on Friday in spite of the near $5 low friday:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=RXII&MarketTicker=NASD&TYP=S
Very interesting. I have never seen their candlestick analysis show a hold after a 20% plus drop. Talk about catching a falling knife?
Could $5 be the low before a 50% retrace, bounce back to $7.50. or at least $6.50?
I had a long discussion with a Fidelity Broker last week about that sort of issue, and discovered some real interesting info.
Seems even at level 2, all you see is open unrestricted orders at a bid or ask price. Orders with restrictions, like the ones I place, that are buy or sell, "all or none" at a bid price, do not ever show up in the bid or ask prices even at level 2! They also do not show trailing loss, stop loss, or any other triggers on buy or sell sides on level 2!
So are you done adding shares now so that we can tell the world to buy at $2 here!
Price and volume are slowly creeping up, inspite of 2 nasty down reversal market days. Also Natural gas is already down at near term low which seems to affect energy stock prices. I see the surviving company also has a price target about 500% above its current price, just like this one.
I started buying this one at .70 a few months ago, and felt it was a good deal at the time. kept adding all the way down to .2,
This one is a REAL sleeper both short and long term! I may just hold it for a few years.
I guess the sellers were not done here Friday, down nearly 10%, and selling for about 15% off of what the company just sold new shares for to new investors. I always find it odd for a stock to drop below the new issue price of a dilution, and I find it equally odd for some others I have played the last year that stayed up at 200 to 600% above the price of newly issued dilution shares.
Seems to me that the market was setting a $9 price here when CYTR, RXII and new investors set a price of $6 last week ( a floor?), and now the market is discounting it 15%? Odd is all I can say! Perhaps it is the lack of a perceived higher future value near term that they are discounting now?
We are still a long way from $10! LOL
Been watching this one closely. I bought 2 more huge lots last 10 days, and feeling the pain as the price droped. I thought a $1.36 might hold and rally on up $1.75 finally, but no joy so far. I have done a mess of fib fan charts and elliot wave charts trying to get a feel for the next bottom. Looks like fridays $1.15, or $1.08-1.09 is the 68.2% fib / elliot wave retrace, last line in the sand to rally uo. If 1.08 breaks as support, I don't know what is going on here next, unless they plan to test $1 again.
I guess people sold the news, and sold the drop in RXII stock price, then just kept selling.
Here is a link to my last chart:
Note the 200 MA is about to converge at the $1.08 triple fib fan support cossing! That would be a price to watch closely next week, possible place to buy back or add!
Also I am expecting some kind of market correction down in April, which has me worried, but I noticed that CYTR rallied up during the last nasty correction the first week of Feb this month, so perhaps it will repeat? Also we rallied a little over 100% in Nov to Jan off the last bounce off the 200 MA, from about .70 to about $1.58, perhaps it will do this again?
GLTA
I should of added in my prior comment, that this has happened to me repeatedly the last year or so with many other stocks, and I am learning to exit early before the game gets played on me.
It is typical of this stock market. That is why you take profits before they pull the rug out, or use a conditional sell to take profits on a big run like this one had. I think CYTR is the one to own this week. My mistake was not buying RXII 2-3 months ago after the huge pull back when CYTR sold the last batch of shares slowly to retailers and ran the price down last time to under $2. This time they a smarter deal, but diluted RXII this time, but did not dilute with an interesting twist where RXII buys their own shares, sets the price, then sells accreditied investors more shares to raise the cash, plus extra cash. Brilliant.
I have had a bid at .61 for three days now. We closed at .61, but my order was not filled. Volume is very thin here, but it is hard to by the cheap shares! Get them while you can.
It definetly has held up and rallied for better than I expected for no news. Even survived the late hour market crash today, with a run up to a green finish.
CABN did a huge spike down once a few months ago, like we did here this week, then rallied 300% up off the low. Never got near that low since. I was shocked to see .02 print here, that was a huge move.
Not much volume yet, but up 18% already! No sellers! If we get some buyers here this thing could run way up! It was over $2 just a few months ago!
Has there been any chat here about what is going on with CYTR and RXII this week?
Featured pick?
Got your PM, but I don't have PM cap, just a free loader here.
MNLU is merging with AEXP. I have AEXP shares. News says 4 shares of AEXP being exchanged for 1 share of MNLU.
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=aexp
Dividend?
Seems we are merging with MNLU, 4 for 1 stock swap is the plan, giving us 1 share of MNLU for 4 sharss of AEXP.
http://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=aexp
I was wrong, I had a limit order at .10, but it executed at .08, I got today's shares at .08, 20% below my limit, a gift! I checked my actual orders. I had assumed the order executed at .10 which was my limit. Very interesting!
I guess there must have been a mix of market orders and sells at a lower price or something, or it gaped down with a lower open at .08, not sure how that happened.
Not sure i get your buy sell terminology. It takes a buyer and a seller for stock to change hands.
Ask is now .10, and bid is .08, last sale was a buy moving up towards the ask.
So much for the low ball bid BS we saw last 2-3 weeks of .036 to .056
If they do I want some too!
Some one just painted the tape with a 100 share purchase at .16, so I guess I have a 60% paper gain here for a few minutes today on my .10 sahre buy. NICE! LOL
So it's your fault I can't buy more at .02, thanks I will be sure to remember you in my will, LOL!
Interesting, encouraging, and discouraging news all at once. Not sure what to make of this bizzar news. Loosing money, so now we divert our attention and try become a conglomerate? What did this cost us, stock, cash? All I can say is WTF?
We have good volume today, 75,500 shares traded all .08 on a day with markets all down! We already have volume at 3 times the averages!
Go MHAN bulls!
Hmm, seems like people were telling me a few days ago that my .10 low ball bid for my first dip in the poll here was too low to get filled. Seems it was a bit too high to get the best price, like 800% too high! WOW did I miss a nice chance! Oh, well, I am now finally long at .10 so it's time for me change my cheer to
GO MVTG BULLS!
I am adding a bid at about .04/.025 now, as this could turn into a huge buy op the next 2 weeks as the market sells off some, early in April, post march window dressing. There is just not enough liquidity here lately to hold the price up when some one dumps shares.
I am under the impression, that unless some one is painting the tape by selling themselves shares (MM to MM, which may be illegal, but is done in penny land so I hear) that penny stocks are not allowed to be sold short, it is not allowed from what I have read, so this .02 price was a lack of orders waiting when some one decided they needed to cash out. Just what I was waiting for with my .10 bid. I got lucky about 3 months ago when someone dumped CABN shares at 50% off, price fell to .06 from .12 that day, and I added 1000% more shares that day, and doubled my money a week later.
GLTA
I am in and will trade when possible, and will hold a reasonable base of shares long now for the big day down the road, doing the same with CABN.
Interesting idea, but I suspect there are entropy and waste problems still involved, that they have not disclosed. Looks like one to watch, but not one that can be used inland away from the sea coast.
I still have a few base shares, but I am waiting for a pull back to .22-.23 to buy a lot of shares where there is an old gap up, but will we get there? .30 has a lot of support. I am expecting a market pull back in April that should put stocks like this one on sale, but if news comes out, the game could change and charge up to .70 or higher again.
I still think looking at the charts that a wave 3 of 3, EW, is about to take us to $2 land. Today finished a typical EW 50%/68.2 % pull back of a wave 2, leaving us set up for a huge 3 of 3 wave up.
Well I did some charts and it looks like we are about to take off straight up with this one.
http://cdn.cloudfiles.mosso.com/c71692/media/image/201003/phpLWRLRb_thumb_Eco-CYTRMarch19close5yrMacdVol.png
http://cdn.cloudfiles.mosso.com/c71692/media/image/201003/phpyp7mDW_thumb_ACEcoCYTR3-20-10.jpg
http://cdn.cloudfiles.mosso.com/c71692/media/image/201003/phpDbE1iI_thumb_Eco-CYTRMarch19close2MthMacdVol.png
http://cdn.cloudfiles.mosso.com/c71692/media/image/201003/phpLpMUP9_thumb_Eco-CYTRMarch19close6monthEW.png
http://cdn.cloudfiles.mosso.com/c71692/media/image/201003/phpogDCDv_thumb_ACECOCYTRLongterm3-20-10.jpg
A friend of mine did the charts with the black background.
Looks like we are starting a large 3rd wave up, Elliot wave, with a $2.25 target, and maybe some bouncing around from 1.75 to 2.00 along the way. The move up may already be under way.
If you go to lounge 29 at
http://ewtrendsandcharts.blogspot.com/
At check out the charts posted at 16:40 and later on Saturday march 20, you can view the larger versions, easier to read by clicking the chart for a pop up view.
GLTA
This is, has been a very quite board for a long time. I have had this one on DD list and radar for some time. Looks like a good company, real earnings, low PE, but has not moved much lately, perhaps the Tuesday report will move it. I was hoping for a lower price in next few weeks with coming correction now that OPEX is behind us, and end of march tape painting is about to come and go, but Tuesday may change that.
Watching closely.
One of the things I have noticed since 1980 when I had my first venture into investing in new battery technology, is the huge, massive amount of retail product R&D efforts that eat huge amounts of time and dollars, before one even starts to worry about raising and investing cash in building a factory and marketing. Add in the recent short time scale advances in potential new energy storage tech and huge investments in new R&D in energy storage, and you have a real dangerous investment climate with huge pitfalls and huge opportunities. I suspect from what I have heard that the nanotube products are still way too expensive for any large $ markets due to cost of the nanotubes, and a long way from retail product testing. The one Huge advantage I see with this outfit is low production costs, combined with better energy and power density over conventional batteries. I wish they were more transparent on near term future earnings potential.
As far as this stock is concerned, I do not think it has bottomed yet. Has anyone seen and read a recent quarterly on this company since our last discusions?
Looks like the markets will do a nose dive soon before resuming the up trend, that combined with drop already way here, should push us down to great buying opportunity at .60 to .68 range as 200 ma gets tested, then look out above. The last rally up was a 5 wave EW impulse, so this down move looks to be an ABC corrective, but the last C wave down is likely to reach and test to .63 area for sure. That is where I will make agreesive buys timed with a market corrective bottom over the next weeks.
.63 is also about a 50% pull back (hell of great discount!), which could be the end of a B or 2 wave down, with a larger C or 3 (EW) move up to follow? At worst .63 would area would reverse and retest $1, which would be a huge % move back up by itself.
While it is tempting to buy here, I think it is too early, as the OPEX week is over, and the markets are likely to nose dive several % or more from here into April.
What is the book value, stock holder equity?
Last minute orders might be related to OPEX expiration. But nice bounce, RXII and CYTR got the same huge closing bounce / reversals, all were a big surprise to me. Only biotech I had that closed down was NVS, LOL. Bizzar day, typical of OPEX.
So far it is holding up nicely in this market reversal.