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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.
Just noticed the PR:
http://ih.advfn.com/p.php?pid=nmona&article=42034125&symbol=IFUS
So it is time to buy more of this junk stock? I did so well on the shares I bought at .15
Nice! I will buying a lot more shares in the next few weeks as this rally sell offs and drags us with it. I have done well with this one since March 09.
I was away from the computer all day, but found a nice end of day surprise. Seems some body dumped a few shares today, I got 500 at .61, about a 10% discount, and then some bought some at .75 late in the day! Christmas came early today! Got my first shares here.
Nice tight price range today, 0.073 - 0.075, and increased volume finally.
This should be a good buy on any real pull back next 2 weeks as the markets drop in a correction.
Looks like I almost got my first shares here today!
I got lucky today on those china heat recovery guys I found with the CO2 emissions credit bank details I posted here earlier for us. Somebody dumped 1500 shares today as the market dropped, and I got 500 of them at 10% off yesterdays close, before somebody else bid it back up 25% at the close, LOL. I am seeing low volume weakness in most penny stocks I like, not just here. Money moved into the big stocks as the indexes rode the bull, and they will sell off hard starting next week IMHO. I expect a low first week of April (options driven drop, sell off, big boys games....), right after they finish pushing prices as high as they can on the blue chips for Mutual fund window dressing to attract IRA and 401 K deposits. Just my thoughts and opinion. I will be buying my favorite stocks at those lows, as they should make most other stocks bottom too (barring news). My only question is will .10 hold here the next 2 weeks. The lower it goes, the more I will buy. No doubt in my mind this will run back up next cycle trip with news to .20 to .30.
If I already had MVTG I would not sell them at these prices, but people panic when the markets take a hit, and our price here is already at all time lows IIRC, so I will be bidding here to pick up any real rediculously cheap shares sold at market next 3 weeks. If this was the second week of April already I would have bought today at .11- to .12 or higher.
GLTA
How low do you expect this one to retrace?
I am expect lower lows next week, and first week of April. Wondering what price would make sense to buy into this one, on a pull back. I have been watching this one for 3-4 weeks, but missed the latest ride up.
Are these guys going to survive?
So you are still bullish on this one?
LOL.
I would be careful buying here, as we are likely to see a market pull back next week after options expire, and Max pain tomorrow is $6, but max pain for OPEX in April is $5!!!! Also, the recent earnings jump is not likely to be repeated anytime soon according EK, as they said they expected a $50 million gain to loss for this entire year, which does not bode well at this time. I will buy back shares at around $4 to $4.50, and will sell before the next earnings report comes out for EK.
I have a bid .10, does that count?
It might be, but the markets are due for a nasty pull back next week, so we get one last nose dive to a better low then, getting draged down with market wide sell off from recent highs. I have a bid in for my first few shares at .62
Not good that we dropped today on good news, and failed to hold $1 lately. Americanbulls.ocm posted a candle stick analysis sell on Coin tonight, and we have been weak during the rally, none of which is good for the price.
"Sent By: ragi Member Level To: Ecomike Date: Wednesday, March 17, 2010 10:31:13 PM
Wow Mike that is really interesting, did you send it to Kol, at Mantra?"
I don't have PM, just a free hitch hiker here,LOL. No I did not send it. Feel free to pass it on.
I found this over in an old post on another stock I am also bidding on to go long with this week. Kind of interesting about the CO2 trading credits and value in China which is pertinent to us here as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32445898
I found this over in an old post on a stock I am bidding on. Kind of interesting about the CO2 trading credits and value in China which is pertinent to us.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32445898
Also, do think .10 is going to hold here? I doubled up here this week at .10, but afraid it might go lower, so I am holding dry powder still.
And now a few more 1000s sold at .08 today
Now we have something to talk about! 91,000 shares traded, last tick was 90,000 shares at .073!!!!!!!! While bid is still listed as .052 LOL, and ask is still .085, LOL!
10 day avg volume is 19,437 and 90 day avg volume is 50,666. That one trade is way above average volume and is .008 higher (>10% higher) than I paid for my last lot 2 weeks ago at .065
Perhaps with the bulls running rampant, and some volume, we will see more movement now.
Has every one dumped this one and left? Looks pretty beat down, and seems to have bottomed for now. Been watching this one from the sidelines for a long time, just placed my first bid on some shares as it looks like its time to start buying this one for some big moves up over the next 2 years.
But the SEC report on corporate structure (whos who, and who owns what) is night mare to read and try to follow.
We keep inching up on very low volume. No sellers, hit .08 today. No stock sold yesterday. People are not selling!
I think they are trying to get the price up over $1 for 30 days before releasing any bad news, including the quarterly to avoid future delisting. They also want to be able to report spring sales and future prospects on same before releasing fall's quarterly IMHO. I am still long, but holding fewer shares, with finger on buy button if we get down around .70 to .80
Thanks, that confirmed what I suspected, not a public sale as such, but a transfer of ownership, perhaps relatives, partners, who knows or cares, but that confirmed it. Thanks.
2.1 million is what % of total OS? The form said he held 10% (or more), so I am not sure it means much % wise. It did not crash the stock price IMHO, in fact I am not sure the sale even registered on the exchanges, perhaps it was a private sale, as the volume has been very low for quite some time as I recall.
Is this old news to you guys? Do you know the story behind this 2.1 million share sale at .15 in Feb 2010? Form says it is, was a 10% stake holder that sold.
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MVTG&product=SECEDGAR&provider=TENKWIZ_&storyid=201001211909TENKWIZ_SECEDGAR_6706992&hlinks=vnhl
I still have a small order pending at .14 for my first dip in the pool.
I posted so you guys could pass it on. Don't even know who or what KOL is.
I did place my first order for MVTG shares today at .14. Took my first nibble here, but my order has not filled yet.
I did learn something fascinating today that you might find equally interesting.
I just don't trust those MM specialist posted bid and ask numbers any more. I was online with Fidelity about an order I placed yesterday that was passed up as the price dropped 10% below my offer today on another penny stock! What a shocker that was!
Fidelity tells me that all or none conditional orders do not even show up on level 1 or 2 bid and ask quotes. Market orders are filed immediately and never show on Level 2, and stop loss or trailing stop loss orders do not show up either. So a sell order or a buy order, that is all or non, or that is triggered to buy or sell when the Dow hits 12,000 do not show up either. I got some real insight from that conversation today!
So there could be lots of limit orders that are conditional buy and sell orders that we never see all day!
I just don't trust those MM specialist posted bid and ask numbers any more. I was online with Fidelity about an order I placed yesterday that was passed up as the price dropped 10% below my offer today on another penny stock! What a shocker that was!
Fidelity tells me that all or none conditional orders do not even show up on level 1 or 2 bid and ask quotes. Market orders are filed immediately and never show on Level 2, and stop loss or trailing stop loss orders do not show up either. So a sell order or a buy order, that is all or non, or that is triggered to buy or sell when the Dow hits 12,000 do not show up either. I got some real insight from that conversation today!
So there could be lots of limit orders that are conditional buy and sell orders that we never see all day!
I am waiting for the next cycle low to long here again.
Coin is up a nice 5% while markets are down, nice candle analysis by those guys yesterday IMHO!
Here is some real meat:
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MHAN&product=SECEDGAR&provider=TENKWIZ_&storyid=201003120937TENKWIZ_SECEDGAR_6827476&hlinks=vnhl
The Ariston debt holders have warrants at .40 for the conversion of old Ariston debt to MHAN stock, and no other recourse for collection of that debt!
Yahoo!
"
Under the terms of the Merger Agreement, the consideration payable by the Company to the stockholders and note holders of Ariston consists of the issuance of 7,062,423 shares of the Company's common stock, par value $0.001 per share, ("Common Stock") at Closing (as defined in the Merger Agreement) plus the right to receive up to an additional 24,718,481 shares of Common Stock (the “Milestone Shares”) upon the achievement of certain product-related milestones described below. In addition, the Company has reserved 38,630,723 shares of its Common Stock for possible future issuance in connection with the conversion of $15.45 million of outstanding Ariston convertible promissory notes. The note holders will not have any recourse to the Company for repayment of the notes (their sole recourse being to Ariston), but the note holders will have the right to convert the notes into shares of the Company's Common Stock at the rate of $0.40 per share. Further, the Company has reserved 5,000,000 shares of its Common Stock for possible future issuance in connection with the conversion of $1.0 million of an outstanding Ariston convertible promissory note issued in satisfaction of a trade payable. The note holder will not have any recourse to the Company for repayment of the note (their sole recourse being to Ariston), but the note holder will have the right to convert the note into shares of the Company's Common Stock at the rate of $0.20 per share.
Under the terms of the Merger Agreement, the consideration payable by the Company to the stockholders and note holders of Ariston consists of the issuance of 7,062,423 shares of the Company's common stock, par value $0.001 per share, ("Common Stock") at Closing (as defined in the Merger Agreement) plus the right to receive up to an additional 24,718,481 shares of Common Stock (the “Milestone Shares”) upon the achievement of certain product-related milestones described below. In addition, the Company has reserved 38,630,723 shares of its Common Stock for possible future issuance in connection with the conversion of $15.45 million of outstanding Ariston convertible promissory notes. The note holders will not have any recourse to the Company for repayment of the notes (their sole recourse being to Ariston), but the note holders will have the right to convert the notes into shares of the Company's Common Stock at the rate of $0.40 per share. Further, the Company has reserved 5,000,000 shares of its Common Stock for possible future issuance in connection with the conversion of $1.0 million of an outstanding Ariston convertible promissory note issued in satisfaction of a trade payable. The note holder will not have any recourse to the Company for repayment of the note (their sole recourse being to Ariston), but the note holder will have the right to convert the note into shares of the Company's Common Stock at the rate of $0.20 per share.
Upon the achievement of the milestones described below, the Company would be obligated to issue portions of the Milestone Shares to the former Ariston stockholders and noteholders·
Upon the affirmative decision of the Company’s Board of Directors, provided that such decision is made prior to March 8, 2011, to further develop the AST-914 metabolite product candidate, either internally or through a corporate partnership, the Company would issue 8,828,029 of the Milestone Shares.
Upon the acceptance by the FDA of the Company's filing of the first New Drug Application for the AST-726 product candidate, the Company would issue 7,062,423 of the Milestone Shares."