There is no Caveat Emptor Warning on this stock, which is reserved for stocks that trade on the pink sheets and have no information available. BOCL trades on the OTCQB, which for penny stocks makes it fairly legit.

OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. There are no financial or qualitative standards to be in this tier. OTCQB securities may also be quoted on FINRA’s OTC Bulletin Board. The OTCQB allows investors to easily identify registered and reporting companies traded in the OTC market regardless of where they are quoted.

Yeah, we need the bid to push that ask on up. The spread was .015 x .016 at the end of the day, so I'm definitely liking that.

The past week we've seen a good amount of shares exchanging hands, and now the price looks to be moving up. Things are starting to look bullish again, we'll see if the price can continue on up now.

That 10k is from the 2009 calendar year, and yes, they have increased the O/S a bunch since then. Not sure what it was back then, but for a while it was in the 80 millions, and sometime this year it went up to 130 millionish. That's what it was in Nov and that's still what it's at, so I'm hoping they're done for now. They still have plenty of ammo in the form of authorized shares, but it seems they're at least trying to dilute in a somewhat controlled manner and not totally rape the price. we'll see, but this would definitely be a good time for some very positive news.

Yep, there was a seller who had some shares to dump, and he wasn't being patient and leaving out an offer. He sold into the bid and took it down to where you saw it today, but his shares finally got soaked up, hence the reason someone was able to paint a .022 close. All things considered, this may actually end up being a capitulation day with the last of the weak hands finally giving in, and maybe now we can work on moving the price back up. .026 is still the key resistance to watch, and a break of that should get the party started.

Would love to see that. I started my position a few months ago and have a very nice average thanks to that, and the chart is getting primed for a big run, imo. Some positive news in the near future would be a perfect catalyst for the breakout trigger, so I'm keeping my fingers crossed. Got a little nervous on this last dip, but the action has actually held up quite nicely.

After spending three + months on the watchlist, I’ve done my share of writing on this setup, so I’ll try to sum it up briefly. October through mid November this rallied at a very steady pace and made some nice gains, then went into a month long consolidation pattern. The action finally broke through, unfortunately it was to the downside, but the sellers never really took over and the price ended up bouncing at .015. When I posted the update for this last weekend, the price had just gapped up and plowed into the overhead 50 MA on heavy volume. I felt like that was a good sign of a bottom being put in, but didn’t really see an ideal entry setup at that point (assuming you weren’t still holding like I was/am). Now that this last week has played out, we’re starting to see a potential entry trigger materializing. The keys to an ideal entry are an overall bullish chart, short term consolidation, and finally some obvious and relevant resistance. We now have all three of those, and the resistance I’m looking at has multiple aspects working for it. First off we have the top of this week long consolidation range sitting at .026, which matches up with the 50 MA, which also matches up with some horizontal resistance in that range (horizontal line was prior support during the recent consolidation period). All three of those make up for a pretty critical bit of resistance, and top it off with the descending trendline which is hovering just above that. The longer the price holds up here and continues to consolidate, the lower that trendline gets, and it won’t be too long before it’s also right at .026. So that’s the setup in a nutshell, and the specific trigger I’m looking for now is a convincing break of .026, ideally after a bit more basing here.

http://flippingpennystocks.com/?p=1351#more-1351

This stock has already made a very nice move in the past couple of months and appears set up for a big move pretty soon, and this board is very quite other than a couple posters. I actually take that as a good sign though, as we won't have a ton of profit takers (early on at least) like most hyped up penny plays have. Good luck to all.

Here's some chart analysis for BZCN from a site I follow. They just added it to their breakout setup watchlist.

At the moment this is a triple zero sub penny stock, but ideally when and if it triggers a breakout, it’ll move into the double zero range and make some nice gains. In February of this year the price moved down into .0005 range and then stayed at or below that level for the majority of the year. It floated around on low volume until it broke that .0005 resistance with conviction in early Oct, and since then it’s held it’s new support very well. This is the type of action that always catches my eye, and the plan is that when it breaks free of this new consolidation range, it really takes off and makes a nice run. Technically the top to this sideways base it’s forming is at .0009, which is nice because then a breakout from there get’s us right into the double zeros, where quite often we see some real nice plays materialize. However though, the past few weeks have revealed an obvious ceiling forming at .0007, so for the aggressive breakout traders, playing a break of that point is something to consider. That’s more so how I’m looking to play it, though I’m going to make sure there’s some decent volume coming in to help confirm the move. I drew a trendline down on the volume bars, and what I’d like to see is the volume to clearly be above that line on any breakout attempt.

http://flippingpennystocks.com/?p=1095

I had this on my watchlist back a while ago and was waiting for .25 to break for an entry. It failed to do so, so it got removed, but after yesterday's close I added it back, with an entry trigger on a break of .21, which we got today.

http://flippingpennystocks.com/?p=985

The price here has been in a channel for the past five months or so, and recently there’s been a strong push to break out of it, in fact that dotted green line I drew marks the old ceiling previously holding the price down (now acting as support). The dotted red line is about where I’d put the trigger point at, though the peak from last month is at .22. We’ll officially mark the trigger point at .21 – .22, and ideally we see a bit more consolidation right here in this range first, before it eventually breaks out.

http://flippingpennystocks.com/

After a lengthy downtrend, the price started to bottom out in the last few months. In the past couple weeks the price has broken above the 50 MA, and now it looks like it’s testing the top of the recent channel it’s been in. Friday’s close was at .0012, which is the trigger point for this play.

http://flippingpennystocks.com/

GRDO has an incredible chart setup to it. Charts reflect the fundamentals, sentiment, insider action, etc., so a chart with this strong of accumulation usually bodes well for the company. JMO, but here's what I'm talking about.

GRDO - Let me start off with the weekly chart, which is so nice that this is probably the third or fourth time in the past year that I’ve been salivating over this stock, and this setup is better than any of the previous ones. Prior to what you see on the chart below, this stock was stuck in a major downtrend. After years of selling off and what looks like a reverse split occurring in late 08, finally some significant volume came in a started working on soaking up all the shares and putting in a bottom. The initial bounce came in the first couple of months of 09, then a pullback to test that bottom again, followed by a rally up to the area where the first rally topped out at. Look at all that I just described there, and you’ll see a textbook double bottom. You have the two bottoms in Dec 08 and May 09 (they don’t need to be exactly the same as the other), and remember that a double bottom isn’t officially a DB until the peak between the two bottoms is successfully and convincingly broken. That green line I drew marks that spot, and you can’t get much nicer than how this pattern played out. Before it finally broke that key area to confirm the DB, it even consolidated nicely below it for months. Remember that this is a weekly chart, and so these things will take time to play out. That entire DB from start to confirmation was almost a year long. What ensued after the bottom was made official was a nice five week rally. Since then the price has very bullishly held it’s gains, while it’s consolidated on top of the 50 week MA.

So what you have here is that ‘solid as cement’ bottom (after the major downtrend), then an impressive but not too crazy of a run that would make you think the bulls had spent their entire wad, not to mention the almost year long consolidation of those gains. I see a bullish triangle/ wedge that is in a perfect position for a major breakout to play out, and assuming it does, I think this one could be a biggie. That dotted red trendline is the trigger I’m watching for, but in the daily chart below I’ll go over the more recent action for a better idea of how to time this potential play.

http://flippingpennystocks.com/



Ok, so here’s the action on the daily chart, albeit a bit smushed. There’s that red trendline I mentioned as being the trigger on this setup, and I’ll unofficially put it at .012. Keep in mind though that there has been some action, including a few opens and closes above that .012 point, so I’ll say the trigger to watch for is in the .012 – .013 range. In these cases I will sometimes wait for the entire range to clearly and cleanly get taken out, other times I’ll jump in earlier if I see heavy volume to help convince me. I really wouldn’t mind seeing more consolidation in this range, below that trigger range but still above the moving averages that are nicely supporting the price (and pinching it below that trendline). So that’s it in a nutshell; A long term setup with great potential and the short term picture finally looking like it’s going to force the issue.

Not sure, all I can tell you is it's been acting as obvious resistance lately and there's three MMs currently sitting there.

.0004 is the biggest resistance at the moment, if we take that out with authority, this should run nicely. A .0005 close would be awesome.

BOCX started trading in 2001 and immediately fell from around $5 all the way to the nickel range, but then followed up that crash with an impressive two year rally that took the price back up into the $2 – $3 range. After trying to consolidate those gains for the next three years, it slowly hit lower lows and started to fall below the important moving averages (50 and 200). After support from that consolidation channel finally broke, the price then crashed back down to the nickel range once again (in mid 09), rallied again briefly, and just recently once again tested that .05 mark. There’s absolutely no guarantee that .05 will mark the ultimate bottom to the price action, but from the looks of things it’s got a very decent chance of it.

Now focusing on the daily chart for an idea of how to time an entry, I like the looks of the recent rally that got the price back above the 50 MA and ran it straight into the .07 resistance, and since hitting .07 it’s consolidated nicely on low volume. The idea is that if .05 is the bottom here, then we could see a nice bounce/ breakout with the price so close to it’s base, so I’m watching for a break of the .07 resistance to hopefully jump on the momentum train.

http://flippingpennystocks.com/?p=881

Agreed, I think sooner or later this one will pop. That's why I'm here, otherwise I wouldn't be wasting my time.

There never are. ;)

That would be very nice.

The volume on this has been almost nonexistent now for a while, but since this is based on the longer term energies at work, I figured this was a good time to step back and look at the weekly chart. Not pictured here is the huge downtrend that preceded this, where the price steadily dropped from the $5 range all the way to the prices you see currently. Now look at the weekly chart below and the thing that caught my attention last year was the one huge candle (Feb 09) that moved the price up from the triple zeros to the mid double zeros. With all that volume and price movement, that was clearly some major absorption of the shares in that range, and since then you can see that there's been more and more accumulation with any selling getting bought up easily. I also added the volume by price, which highlights at what price ranges the volume has come in at, and I extended those ranges with those blue highlights (the darker the blue, the more volume in that range).

So here's the situation as I see it. After a multi year major downtrend, a huge amount of buying cemented the bottom, and since then it's been more accumulation, minus that one period of distribution that followed the nice rally in the summer of 09. That whole area I highlighted is where the vast majority of the volume is sitting at, with the largest area of support clearly holding the price up. Even though the action has really stagnated lately, all the pieces are here for a major rally once the price can get out of this range, which it looks like it could do any day now, and I don't believe it would take much buying to finally break through. With the limited overhead resistance, the massive short position that's still open that I mentioned here, and the year long base of accumulation below us, I think this has the makings of quite the runner. You can see from last month we had that one attempt at breaking out that didn't materialize, but I'd still put the next trigger around the .003 range, just make sure you see volume confirming it first.

http://flippingpennystocks.com/?p=857

Yep, NITE is trading this and is the one sitting on the .0002 ask. I don't think he has many for sale there though, both times in the past I tried to buy shares when he was on the ask, he only filled a small amount and then ran.

Yep, imo charts reflect everything that's known about a stock and it's current situation. Buying, selling, dilution, sentiment, hype, news, etc. all of this is reflected in the price action, it just takes some practice to be able to use this info to your advantage. Good luck to everyone here, I hope it works out for you. I've seen some Q stocks do amazing things, hoping this is one of those examples.

Other than one quick blip in March which took the price up to the upper 1.90s, this has traded in a pretty tight channel (1.10 – 1.60) for a solid nine months. A few weeks ago this gapped up and ran right into the ceiling of that channel, and after some consolidation it’s looking close to making another attempt at busting out of this range. Today’s action went as high as 1.65 but ended up closing back under that key resistance, so that rejection may mean it’s not quite ready yet, but it’s not uncommon for a stock to make another attempt right away after an initial rejection. Similar to GBG, I can see this one possibly taking off from here or still needing more consolidation. The consolidation route is always my preferred scenario, just because it makes timing the entry much easier, but either way I’d keep this on watch for a move at any time.

http://flippingpennystocks.com/?p=843

Nice chart setup here. For the most part this has traded under the $2 mark for the past couple of years, but as you can see this recent rally brought it back above that resistance. As is common when a stock moves into a new range it hasn’t seen in a while, it’s followed up that move with some consolidation. Now we have a very nice looking flag pattern, with today arguably being a trigger with a new closing high. I’d definitely prefer some more consolidation here to give any more weak hands from this last rally a chance to bail and get those shares in stronger hands, but with today’s strong close we might see this take off from here. Either way, it’s definitely a promising setup to keep on watch.

http://flippingpennystocks.com/?p=843

Etrade just joined the party. Someone, likely a retail trader, sold into the .0002 bid and .0002 is now the asking price. 3 bidders at .0001, and now 1 seller at .0002. Going to wait to see if anyone hits the ask now and I may try to take a whack at it if no one else does. Wish I knew how many were now available at .0002.

No problem, yeah, when I first read that a while ago, I went scouring through all the PRs to find the "previously announced R/S" they were referring to. That was it, and since that last R/S I've seen a lot of accumulation take place. When the ask was down at .0002 I went and put in a decent sized buy order and they wouldn't fill me with hardly any shares, they instead just removed their offer up. This happened twice. I figure if a R/S were in the works, there would be someone in the know that would love to sell to me at .0002, but between that and the accumulation that I see in the charts, I don't believe a R/S is in the works.

R/S usually come after there's been massive distribution, not accumulation.

jmo

It says the previously announced R/S, and the previously announced one was the one they did back in Feb 08.

Bid just upticked, now .0002 x .0003. I'd love to see these .0003s taken out.

Right on, I think the whole discussion at this point may be distorted. I'm not arguing that we're not flippers, lol obviously going by the name of the site, but the strategy that we like to execute is to take advantage of bullish chart setups and momentum, not be the cause of it. There are sites that front load illiquid stocks and then generate fake hype, which is what I wanted to differentiate myself from. I do absolutely admit to taking advantage of strong stocks with momentum and flipping into the strength, though I prefer swing trades, where I buy at the ask when resistance gets taken out and then sell at the ask into the strength when I feel it's time.

I guess my whole point was that I believe EXPH to be moving on it's own volition, in fact I don't care to trade a stock until I already see the strength firsthand. It's just my method to cling onto stocks with momentum and ride them, but there's a whole world of traders like that and it's just part of the world of stocks/trading/investing. Thanks for the compliment and good luck to you all as well.

Yep, the pumps you have to worry about are the one's paid for by the company, and/or where they're sending out flyers, emails, etc. Like I said, we're just a small group of traders, still a new site, and honestly I don't know how many of the traders there even played EXPH. When a setup reaches the point EXPH, it's only natural that there are going to be chart players who latch on for the ride, but I can absolutely assure you that FPS isn't a front running pump job, just some momentum traders doing our thing.

PS, I'd be very happy with a .0015 or better close today.

FWIW, here's some analysis from a site that just added EXPH to it's watchlist.

This has been downtrending for almost a full year straight now, so it’s in a position where any major signs of strength could be an indication of a nice bounce/ relief rally. Earlier this month the stock gapped up and got back on top of the 50 MA for the first time since last summer, and after a rally and pullback, this has recently broken to a new recent high. I’m thinking this was actually a trigger on Thursday’s candle when it closed convincingly above that last peak, and after an indecisive session on Friday, today looks like a nice confirmation of that trigger since it opened and closed above Thursday’s candle. Just remember that each tick here would be a large percentage of your position, so giving yourself a few ticks of room here could get costly if you don’t adjust accordingly. Just because you may be playing something like this with a smaller position ($ wise) doesn’t necessarily mean your profits will end up being smaller. You’re taking a smaller position because the volatility will end up costing you if you get stopped out, but that volatility will also work in your favor should the stock rally.

http://flippingpennystocks.com/?p=816

Still not a lot of volume, but by the looks of the charts I think it could pop sometime soon. A break of .0003 would be huge, imo. On a funny note, I had a dream this morning that a couple 15 million share orders went through and this started to explode. Lol, honestly I normally don't dream about stocks, I thought it was real funny.

This site has them on watch too.

Here’s a weekly chart for MUTM, and the key aspect that has me liking this setup is how the price gapped up this week and is now trading on top of that six month long channel. You never know if in these cases the stock is just going to take off from here or if it’s going to build a little base on top of the previous channel. A little dipping back into the old channel isn’t uncommon, but ideally the bulk of it’s trading now is done above it.

http://flippingpennystocks.com/?page_id=526

Though it couldn’t close above the .008 mark, it still did close a hair above the consolidation range’s resistance as well as the 50 MA. I could see this being argued as a trigger or I can see someone wanting a bit more confirmation, either way watch it closely for continued strength this week. Looks very promising to me and is a pretty similar setup to NXTH’s.

http://flippingpennystocks.com/?p=794

This has sold off and downtrended since it topped out in late 09 – early 10, and other than a few blips here and there, it’s pretty much just gone straight down. Every extreme move in the market is eventually going to correct itself somewhat at some point, and currently NXTH looks to be considering a relief rally. After a five month plunge, this two month sideways range is either just a break in the action or the price bottoming out (at least temporarily), and Thursday and Friday’s action seems to be indicating that the latter is the case here. Looking at the chart below, both of the last two candles closed above the consolidation range’s resistance as well as the 50 MA, so this setup has triggered an entry already. Ideally I like to post setups before they trigger to give everyone a chance to get a good entry, but I won’t hesitate to add a setup if it’s triggered but hasn’t ran hard yet. An entry down here still offers an attractive risk to reward ratio, with the trigger point/ new support (.20 ish) not being too far below.

http://flippingpennystocks.com/?p=794

Well every dog has his day, even if it's right before he kicks the bucket. This is a bounce setup in progress if I've ever seen one, and wait til you see what a bounce looks like when it's off the monthly chart time frame. We're making money on this one, go long on a break of .0004 (or even a break of .0003 w/ volume), I'll think you'll be happy you did. Good luck my good friend.

Oh the irony Ernie, oh the irony. My post was a reply to your post, where you mentioned the fact that the stock was down 33% (on $100 worth of volume). So what, you can post when there's a small amount of selling but I can't post when there's a small amount of buying? LOLOLOL

I agree with you though, there is very little selling down here, and when some volume takes us past .0004, this will run. We're making money here Ernie, I completely agree.

Yup, up 50% today. We're making money on this one Ernie, I agree with you on that one.

You're right, we're making money on this one Ernie!

I'm interested. You're obviously interested too. LMFAO! Don't worry Ernie, we're making money on this one!