Solid uptrend and good support at around .30 from what I'm seeing. I think those who got in earlier are holding most of their shares and those that got in recently are waiting for the next run.
Good luck to anyone trying to get cheapies with "the sky is falling!".

Wow, that was brutal.

The only thing that matters to me here is taking the write off for a loss this year. That is really the only reason I've let this ride in my portfolio.

This is a hold for me. When it starts to really move, I'll average up.
Its a buy on the fundamentals, not the charts.
JMHO.

I rode TELK through the recent bump to about $1 and then got out. I'm keeping a close eye on it though. News on pending test results on the two main drugs they have under development or (eventually) FDA approval and I'm back in.
The hardest part for me on these type of plays is attempting to translate medical test results to english.
DOH! Had to edit so I had the right ticker at the beginning there!

It means that and five bucks will buy you a beer. I leave EBOF as a 2 year old mistake unsold just to remind me not to do anything that stupid again.

Ok, after a bit of digging I see where you are coming from. As far as I see, they needed to file form 4 because of the amount of shares they were holding, correct?
From what I'm seeing they still hold 5,332,039 shares.
Not exactly running for the hills.

Pasted from the home page:

Steelhead Partners, LLC, founded in 1996 and based in Seattle, Washington, seeks to outperform the market using fundamental, balance sheet based analysis and an independent thought process to build portfolios. Our investment style is characterized by finding names that are out-of-favor and under-followed by Wall Street; historically, this has consistently led us to opportunities with exceptional risk/reward profiles.

How exactly are these insiders?

SaaS is a BIG deal as far as I see it.
I'm a bit of a nerd. I like tinkering with linux systems, playing and tinkering with hardware, all that fun stuff.
Most folks don't. They want to see things up and running and don't give a damn how or why.
F-3 can them to get exactly what they want.
This is a solid start up and I think the Ascend and Interaction products will draw some serious interest.

That is a LOT of acres. I am a carpenter by trade and it seems to me that there would be some selective harvesting there.
Granted, the main focus is paper production, but I'd be surprised if there isn't some quality lumber (and perhaps some hardwood) in that equation.

Thank you, that pretty much answers my question.
FWIW, I'm still holding most of my shares of CEMJQ. I did unload enough to cover most of my initial investment when it first ran above .40. Just following my own trading rules.

No, I am not obviously a "board reader". I've read the filings. I've looked at the list of companies under Cemtura's umbrella that are involved as well as the list of creditors. I looked at each of those as well to see if they were publicly trader and if so, how they were doing.
My question was on how the commons stand insofar as weather or not they could be cancelled given that the creditors are paid and the company is back on solid ground.

Given an asset sale that provides sufficient liquidity to pay off the creditors and assuming they out of bankruptcy in relatively good shape (a likely scenario IMHO), how do the commons fair?
Not to beat the "will the commons be cancelled?" thing to death, but it is a legitimate concern.
Would the courts allow them to cancel common shares if they don't have a need to?
I'm aware of who's holding here...institutions, insiders, etc., so I don't really see this as being likely. I'm just curious what the law is in this situation.

I predict it will give fans of Elliot wave theory a chance to say "see, there it is!".
Seriously though, I'd think a retrace at this point would be healthy. .06 to .08 range maybe? I missed this run but caught the last one for a nice profit. Of course with my luck if I'm looking to get back in it'll just keep going up.

I appreciate the reply. You confirmed some of what I was thinking (or at least confirmed that someone else was thinking it!) and gave me some other things to consider.

Involved, yes. Mainly involved? That I can't be sure of, hence the questions. I honestly don't know what kind of volume these guys (or anyone else) can generate.

Don't get me wrong, I do see some quite appealing upside potential here. The two down days put me slightly in the red, but didn't scare me away. My intent here is take whatever information and education that I can from the given situation.

Regarding Bloomfield:
I purchased BZCN without knowing about Bloomfield's groupies getting into it. None of my positions are entered without at least a quick glance at news, filings, and several charts. Hell, I even second guess myself on weather or not the charts are showing me what I think they are or if I'm looking for a chart to show me what I want to believe! Things seemed (and do seem) sound here.
So that leaves me with questions.
1)Do you think the recent volume spike is a p/d by Bloomfield?
2)Given that I think BZCN would do just fine without them, how much (if any) damage does this do to BZCN?
3)Exactly where do folks cross the line or get too far into the gray area with their promoting?
4)This will probably be answered by "duh...yeah!", but if all else looks good with a stock should I try to see if it's being pumped? What's the best avenue for that besides rounding up the usual suspects?

Sometimes I wonder if PinkSheets itself shouldn't have the "caveat emptor" tag.

I've really enjoyed the ride with CEMJQ and see very much in common here. One of the big similarities is that both seem to have added the Q to get through tough times before their backs were against the wall. Not to say they aren't experiencing problems, but why be forced to lose assets at a fire sale? IMHO the Q lets them restructure. Smart move by both.

Quick, sell your shares and run!! Does this "sky is falling" crap ever work for you?

I see this at .50 to .60 at the end of the week. If we get good news, it could be higher.
My position is long, so I'd consider holding .40 acceptable, but I'm fairly bullish on the coming days.

Well that was fun. Anyone have thoughts on weather this is a one day pop on news or the beginning of a run?
Anyone...anyone...Buehler?

News out.

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-31-2009/0005035234&EDATE=

It seems positive, but admittedly I don't understand all of the nuances of the medical jargon.

As am I! I sold a few at .40 to recoup most of my initial investment, so other than a few hundred, the rest is all reward.

http://shortsqueeze.com/?symbol=cemjq&submit=Short+Quote%99

Call me crazy, but I think I'll ignore the conventional wisdom of "sell in May and go away" on this one.

Presenting at ASCO this weekend. I think this one either gets interesting or tanks on whatever happens there. Right now this play is being kept alive by day traders, IMHO.

Ah, gothca. Seems like it's been a slow move upward, but it'll get there. At this point I think some of the dust is still settling and folks are still scared to jump in.
In the long term I think they'll regret not doing so.

Umm...Wouldn't it make more sense to average down if you're that confident?
Don't get me wrong, I'm with you on this one. I averaged down and then sold some of my position so I'm going long with (almost) free shares at this point. Of course given the right set up, I might average up in the future.

Correct me if I'm wrong, but won't that mean about 375000000 outstanding shares increasing to...I don't know 500000000+ shares on a stock that is trading at .0003/.0004 right now?
Why is anyone excited about this?
I'm just wondering what the upside is.

HRNF
Major dilution and dubious "press releases" abound on this one.
Just check the board here and read back a couple of months.
http://investorshub.advfn.com/boards/board.aspx?board_id=7264

For what it's worth, I'm seeing about $1500 coming to them on Ebay in the next 4 hours just based on current bids and not counting auctions with no bids or buy it now auctions.
I know Sundays are a popular time to end auctions, but not too shabby.

15-12g filed on 4/16 , form D filed on 5/4, then wow, look at the volume!
I almost think the token 10000000 shares ( a whopping $7000! ) by McLaughlin on 4/1 really was an april fools joke.
Call me a basher if you will, but I've been holding this two year old mistake just to remind me to look long and hard before putting my money down.

Looking at the daily chart I'd say the fairly well established upward channel since the Q is good news. As for actual news I wouldn't expect to see any over a holiday weekend.

Some of you may want to check the recent form 4's. Four seperate filing, four seperate people, for non-qualified stock option.
Each were 10000 shares of common stock at an exercise price of .52.
Also interesting is the accumulation back in February by Black bear offshore master fund.
Just something to look at. Check the edgar filings yourself and draw your own conclusions. Actually, I'd be interested to here some folks thoughts on these filings.

Seems like they are presenting.

http://finance.yahoo.com/news/Telik-Announces-Presentation-prnews-15320717.html?.v=1

This seems to be pretty much trading sideways as that date approaches. From the range I'd guess that daytraders are having a little fun with this one until the news comes out.

I almost averaged down on this one over the past few days but didn't pull the trigger, mainly because I wasn't sure if any news would be coming out in the near future.
Now with the flurry of form 4's, I'm thinking that maybe I should have. Of course I didn't get shaken out, so I eagerly await the next leg up.

Thanks, very informative reply. I thought I'd missed something, that's why I asked while I was still digging for information. To me DD means dig, dig. That's something that I didn't always do, and I have the red ink on my Ameritrade page to prove it!