Retired NYSE Broker & NASD Trader
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No it is not
I just watched a sub penny Bio stock, with a stop sign , arrange a licensing deal with a $30 Bio Pharm Company-----the sub penny, sec non compliant company traded its OS of billions in the last two trading days---
So, why can't Charles get a licensing deal??? Perhaps there is no big pharma company interested in eradicating a disease they are all making big profits on ----by just treating the disease????
This other company has a cure treatment for Big C of the colon and pancreas---and the PPS is going bonkers and will probably skyrocket next week after all the 8k announcements Thur and Fri---
So,, has anybody talked with Charles??? What is he waiting for????
IS IT BECAUSE HIV IS A SOCIAL DISEASE????? CANCER IS NOT????
The answer is rather thought provoking,, isn't it???
AHA!!!!
You did it!!!!!
A great, informative post with paragraphs!!!!!!!!!!!!!!
Yeah I remember---whatever happened to that situation
Yeah,, I wish
I just don't have the orchestrative voice that you carry----just wish you would paragraph your points---
Good Point
I try to do that--
I wish others would too
It makes it easier to read the salient points--
Yeah,,, if you sell out ,, keep one to remind yourself where you've been
don't forget the cannabis oil for inflammation and arthritis IP, that could also be a game changer, like I was saying there are a lot moving parts with this ticker, which makes is very, intriguing.
That's my point---if your are going in this direction--go ahead and be specific
WCVC has been in an established downward channel since the latter part of February
So, I rolled out of 5 milly pos into RGB-P and then sold half and rebot my pos--
Methinks I screwd up---should have stayed with the RG stock--
RGBP
Please do your own DD
B/C we don't want any one whining and complaining--
Some of you have multiple years trading expeience--amd offering advice/suggestions---let the folks do their own--
I have over 50 years trading in the markets--- DON'T GIVE ADVICE!!!!!
you can show the book and offer a review---but don't tell folks to hold,, sell, or whatever--
RGBP WILL HAVE ITS OWN VOICE---- and it will be spelled out shortly and then over time--
I have been here longer than dirt---and I can tell a winner--but, flip it if you want--just keep a few to remind yourself of what you missed out on--
cheers---Art35
Another licensing deal???
What kind??? as they just gave an exclusive??? did they not???
According to past history,, the MM's responsible for making and keeping a liquid market and a fair mkt these past 2 trading days are probably short an Indiana Farm House full----of RGBP shares-----
Where, oh where, are they going to find shares to avoid the FTD's that are on the horizon come Monday??????????????????????????????
You are certainly not late-----
It actually just getting started---
After the stop is removed ,, then you might be late---
cheers, Art35
I see lots of new, or should I say old posters from other ventures here----nice to see you folks---as I remember , we made some pretty good bank on a few of them,, like dolv----enzc---
Ya'll remember that we currently have a ""stop"" sign and that is preventing a lot of folks from buying shares---Firms like Fidelity say NO to new purchases---
So, when that sign comes off, we should see a lot more buyers--
CIAO,, and GLTY
KCL Therapeutics, Inc. is a wholly owned subsidiary of Regen Biopharma, Inc.
One of these days RGBP will spin this off----
Ka-ching
NO, it got us to .95
Yes,, Audited Financials well help---
But not in the way you might expect,, It will help by allowing the company to move forward in very TRANSPARENT manner----
Also the pps will benefit from anticipation of what the company might announce---in the way of a partnership ???????
I posted this on the enzc board---the mods will probably delete it , so I am posting it here
HELLO,,HELLO
Ah, yes, thank you,
SEC????
Good,,UH, yes,, am I speaking to the person to whom I am talking????
Very good,, yes I have a very serious complaint---
MY STOCK IS GOING DOWN!!!!!!
It was going up when I bot it, now it just goes down every effffen day!!
I know it is all illegal ,, this selling---
ABSOLUTELY!!!!!! I want it stopped!!!!!!
No,, dammmit ,,, the going down part---
Yes,, I am frustrated,, I am also depressed, suicidal and pissed off and upset----PLEASE get this corrected and put those shorter people back in their pig pen-----today, immediately!!!! yes , Thank you
HELLO,,HELLO----anybody there??
Ah, yes, thank you,
SEC????
Good,,UH, yes,, am I speaking to the person to whom I am talking????
Very good,, yes I have a very serious complaint---
MY STOCK IS GOING DOWN!!!!!!
It was going up when I bot it, now it just goes down every effffen day!!
I know it is all illegal ,, this selling---
ABSOLUTELY!!!!!! I want it stopped!!!!!!
No,, dammmit ,,, the going down part---
Yes,, I am frustrated,, I am also depressed, suicidal and pissed off and upset----PLEASE get this corrected and put those shorter people back in their pig pen-----today, immediately!!!! yes , Thank you
WCVC
Moving Averages analysis:
Price and moving averages has closed below its Short term moving average. Short term moving average is below its mid-term; and above long term moving averages. From the relationship between price and moving averages; we can see that: this stock is BEARISH in short-term; and NEUTRAL in mid-long term.
Bollinger Bands Analysis:
Bollinger Bands has closed above bottom band by 25%; Bollinger Bands are 10.7% narrower than normal.The current width of the bands does not suggest anything about the future direction or movement of prices.
Like I said earlier, Nokia is one of two companies with an end-to-end 5G platform. Its other main competitor is Huawei.
Ericsson has the infrastructure technology and software, but it doesn’t have the routing equipment for wireless network service providers… It has to partner with Cisco for that.
As mentioned earlier, several countries have already banned the use of Huawei 5G equipment. There is simply no way to be sure of secure communications.
The United States, Australia, New Zealand, the United Kingdom, and Sweden have all banned Huawei equipment. And Japan has barred Huawei equipment on public contracts.
It’s also likely India will ban Huawei equipment, as China-India relations are strained… India has already banned the use of smartphone application TikTok from China-based ByteDance.
Many other countries are debating banning Huawei equipment as well… Belgium, Brazil, Canada, the Czech Republic, France, Germany, Italy, and Poland have all either put in measures to make it difficult for Huawei to gain a foothold or are contemplating doing so.
Rosenblatt Securities says this opens a $27 billion opportunity for Nokia and other rivals. And I think Nokia is in a good position…
Ericsson’s problem is that its equipment is complex, and it’s expensive to do business with the company. Because its equipment is highly proprietary, customers are limited using to mostly Ericsson or Cisco products. And Ericsson locks customers into extensive and expensive service agreements. And if a provider wants to use Ericsson’s equipment, it is forced to take its licensing terms.
If you want to add on more functionality, it always costs more… And you can’t get its products from anywhere else because of the proprietary nature of the equipment. Not everyone around the world likes to be forced down one product channel with little control.
Ericsson is very hard-headed in its approach. It’s the company’s way or the highway.
Nokia, on the other hand, has a better, more collaborative approach to doing business.
Now that Nokia has addressed its product weakness, improved technological performance, and shaken up its management team, it is already gaining market share again. We can already see Nokia picking up new contracts. In just the past three months, Nokia signed 18 new 5G deals. In total, Nokia has 104 commercial 5G deals and 37 live 5G networks right now.
For your entertainment
Thanks Gypsy for your well thought out postings---
You are special credit to this board---as are the following :::
SeniorGolf with his undisclosed golf index---
falon with his superb and lengthy DD and command of the Spanish language
Jim46---no, that is not his age,, it is his IQ--his age is higher--
FrankMD--actually I think he is gynecologist masquerading here--as a gene analyst
Dog-one, who really has more than one Dog--
Mag_Patriot who will appropriately take a back seat to Mel Gibson
Baba Yaga,, who is not really a boogyman---but a bagman for ENZC---regardless of what John Wick thinks
Budwiser who actually is wiser,,, now that he is drinking Budlight
Whale ,, who got reduced to a Minnow,, ,but whose voice still commands respect
Mutat, who has mutated into a live virus and escaped from
ENZC's net in order to continue to bore us shareholders
Veloyt, who is lost in Idaho on a hiking trip with his great, great grandfather looking for the Oregon Sasquatch---who's still in OR
Joe Burger, who's still flipping burgers on the IGEX message board-he needs help over there
Brezlin, who's breeze has moved on to greater boards---taking his losing mega position with him
Dodgeball, who got hit with a margin call b/c he couldn't dodge the call
and last but not at all the least---OTC-SHOT-CALLER--- whose DD is unsurpassed, but whose enthusiasm could no longer pass admin
I play the senior Tees and shoot my age----GLTY
Nice!!!! 'Timing101'
Hey, Folks,, go back,,, re-read this post of Timing's again---slowly.
It is one of the better postings on our thread
Ciao
Folks,,
If there were substantial evidence,, or even a ghost of factual evidence of ""dirty deeds"" ,,, you would not be getting this atty letter-----Every body involved with ENZC trading is aware of the PPS and the downtrend,,, and all the crys of manipulation ---- I am sure that Charles is QUITE aware---- as he has probably been bombarded with notifications ----
The absolute last thing he wants is criminal activity in the trading of ENZC shares,,, as that would shut the company down by the SEC.
It is very frustrating to see paper profits dwindle away as they just evaporate into thin air---if it makes people feel better to say that it is manipulation---it's fine with me--
Cheers,, from the ole fart.....
If you have absolute PROOF of illegal trading by anyone, not just blaming the MMs b/c you don't like the PS direction or the crappy volume or the inability to understand the bid/ask activity by the MMs,,,, then by all means complain to the regulatory bodies...
This happened to CYPE,,, a bonafide complaint with enough proof was properly sent to the correct individual at the SEC,, this individual at the SEC and folks at FINRA then stopped the trading and later the company appeared on the grey sheet----everybody, as in all us shareholders lost ----
So far I have seen a lot of falling knife trading ,, but nothing illegal,,just b/c I don't understand algorithm trading and the electronic mkt making doesn't make it illegal-----
There are a lot of shareholders who may very well be selling or dumping and not posting about it---
I still own mine ----a stop order is in place at .1499
Cheers and GLTY
That third quarter, Pekka Lundmark, Nokia’s new CEO, said the company “will invest whatever it takes to win in 5G.” And to do so, the company would step up its research and development (R&D) spending.
That scared some analysts into thinking profitability would take a hit as R&D spending increased.
But as we can see, by improving margins, that worry was unfounded.
And Nokia’s R&D efforts are already paying off. Its AI-enabled chip, ReefShark, already exceeded management’s expectations. 5G sales powered by ReefShark were 43%, eight percentage points higher than anticipated.
ReefShark is Nokia’s most recent semiconductor that powers its 5G base stations. The ReefShark chipset is smaller, decreasing the antenna size by half, which makes these base stations less bulky and obtrusive. It helps enable a 50–60% reduction in energy use compared to previous chips. This lowers the total cost of ownership for wireless providers… a great selling point.
Nokia remains a strong buy at these levels.
Nokia (NOK) is a strong buy under $5.50 a share.
TY ,, Mike
GLTY $$$$$
It should read ""BUY"" transactions are not permitted because Fidelity is looking out for your financial welfare---
Your saying 5G is old hat???????????????????!!!!!!!!!!!!!!!!!!!!
Perhaps your head is stuck in the sand---
You are very correct---
It is enlightening----and I hope it helps ---
Investing for the future and relying on that investment is "premium"
I am not a flipper,, I like sound investments---
I have a couple of others that I am heavily committed---called ""keepers""
I see you have only been around a short time---are you a ""newbie"' or have experience???---
Your welcome---did you enjoy the read---it's more lengthy than I anticipated--
Final Chapter
Perfect Timing
And we could not get a better time to invest in Nokia. The new management team just reported its first earnings call since taking over Nokia.
And as expected, it looked terrible.
They did exactly what was needed to do when taking over a company that just went through turmoil. The smartest approach is to openly address all of the bad news, restructure as necessary, set aside a large accounting bucket for any costs related to the “clean up,” and then move forward with a clean slate.
That’s what management did… And shares closed down immediately----
New CEO Pekka Lundmark announced revenue growth was lower than expected. Third-quarter sales came in at €5.3 billion compared to an estimated €5.4 billion. And operating profit came in 2% below expectations as well.
On top of that, Lundmark told investors that Nokia would step up R&D spending, which could put pressure on margins in the short term.
Again, this was the smart thing to do.
Nokia needs to step up R&D at such a critical time, bring leading-edge technology to the market, and take a leadership position in 5G. Lundmark said Nokia “will invest whatever it takes to win in 5G.”
That’s what I want him to say and do… And it’s really the company’s only choice. After all, Nokia is now a 5G pure play.
Lundmark also announced that Nokia lost share with Verizon but that it remains a top three customer. And he’s doing everything he can to try to maintain and grow that relationship.
2013 is when the 4G rollout accelerated. And between 2013 and the end of 2015, Nokia’s share price doubled.
Also, the free cash flow is set to soar. After being negative €300 million last year, it’s projected to grow to over €2 billion by 2023.
Nokia will not only meet these numbers but surpass them. With its new cost-efficient ASIC ReefShark base station offering, it’s only a matter of time until it regains some market share.
ReefShark sales were one of the bright spots in the quarterly report. Already, 37% of 5G sales were powered by ReefShark. That’s more than Nokia anticipated by the end of the year. This shows customers are adopting this new offering quicker than anticipated.
When Nokia starts picking up market share, I expect it will trade at a similar valuation as Ericsson. Right now, Ericsson is cheap with an EV/EBITDA of 9.6… But that’s still 75% more expensive than Nokia.
If we take Nokia’s estimated EBITDA at the end of 2022 and multiply by 9.6, we get an implied enterprise value of €32.3 billion. With a current enterprise value around €16.2 billion, that indicates a 99% increase over the next two years.
Nokia is completely out of favor by Wall Street, and that’s one of the things that has me so excited.
As a foreign company, it reminds me a lot of the semiconductor company Infineon (IFNNY) back in early May of this year. Wall Street hated the company, and it didn’t see how well Infineon was positioned for the electric and autonomous vehicle markets. It is already up 60% (Infineon) in just six months.
Investing ahead of the market is how you make spectacular returns. Let’s not pass up this opportunity to invest in Nokia, a company instrumental in bringing widespread 5G to the world.
Chapter 5 --concludes the ""pump""
Cheers
Art35
Long & Strong
Chapter 4
Limited Competition
Like I said earlier, Nokia is one of two companies with an end-to-end 5G platform. Its other main competitor is Huawei.
Ericsson has the infrastructure technology and software, but it doesn’t have the routing equipment for wireless network service providers… It has to partner with Cisco for that.
As mentioned earlier, several countries have already banned the use of Huawei 5G equipment. There is simply no way to be sure of secure communications.
The United States, Australia, New Zealand, the United Kingdom, and Sweden have all banned Huawei equipment. And Japan has barred Huawei equipment on public contracts.
It’s also likely India will ban Huawei equipment, as China-India relations are strained… India has already banned the use of smartphone application TikTok from China-based ByteDance.
Many other countries are debating banning Huawei equipment as well… Belgium, Brazil, Canada, the Czech Republic, France, Germany, Italy, and Poland have all either put in measures to make it difficult for Huawei to gain a foothold or are contemplating doing so.
Rosenblatt Securities says this opens a $27 billion opportunity for Nokia and other rivals. And Nokia is in a good position…
Ericsson’s problem is that its equipment is complex, and it’s expensive to do business with the company. Because its equipment is highly proprietary, customers are limited using to mostly Ericsson or Cisco products. And Ericsson locks customers into extensive and expensive service agreements. And if a provider wants to use Ericsson’s equipment, it is forced to take its licensing terms.
If you want to add on more functionality, it always costs more… And you can’t get its products from anywhere else because of the proprietary nature of the equipment. Not everyone around the world likes to be forced down one product channel with little control.
Ericsson is very hard-headed in its approach. It’s the company’s way or the highway.
Nokia, on the other hand, has a better, more collaborative approach to doing business.
Now that Nokia has addressed its product weakness, improved technological performance, and shaken up its management team, it is already gaining market share again.
We can already see Nokia picking up new contracts. In just the past few months, Nokia signed 18 new 5G deals. In total, Nokia has 104 commercial 5G deals and 37 live 5G networks right now.
Chapter 5 next
Chapter 3
Small Stumble
This isn’t to say Nokia hasn’t had any problems. Aside from the lack of transparency from the management, the company temporarily faltered in the 5G base station market… Just like Xilinx, the transition from using field-programmable gate arrays (FPGAs) to Application-Specific Integrated Circuits (ASICs) was rough.
Just as a quick reminder, FPGAs are often used in new technologies that may see some technical standards change. That’s because, as the name suggests, you can reprogram these chips after they’ve been deployed. This makes them more flexible than ASICs, which cannot be reprogrammed.
If Nokia had purchased ASIC chips for its 5G base stations and the standards changed, those chips would become worthless.
But FPGAs are more expensive to purchase and continuously power. So when the 5G standards were finalized in October of last year, enterprises switched to the more efficient ASICs in their base stations.
Nokia knew this move was going to happen. It thought it was prepared. But its mistake was trusting Intel to be ready to produce these ASICs. This was, again, a failure of the old management team.
The plan was to manufacture chips using Intel’s 10 nanometer (nm) technology. But Intel delayed this manufacturing node over two years… while the rest of the industry was already moving to 7 nm and 5 nm technology. And this left Nokia with no ASIC base station offering.
Being stuck with only an expensive FPGA offering caused profit margins to shrink…[color=red][/color] and ultimately cost the previous management leaders their jobs.
Nokia has since diversified its suppliers to include Marvell and Broadcom. These are much better operators than Intel. The management and product teams at Nokia learned a very hard lesson… one that I doubt they’ll repeat.
The bottom line is that this small stumble is behind Nokia.
This year, Nokia released its ASIC-powered base station. Its 5G platform is called “ReefShark.” And it is this new product from Nokia that is central to our new investment thesis.
5G Networks Need Intelligence
ReefShark is the silicon solution, the semiconductor, that powers Nokia’s 5G base stations.
The ReefShark chipset is smaller, decreasing the antenna size by half, which makes these base stations less bulky and obtrusive.
It also helps enable a 50–60% reduction in energy use compared to previous chips. This lowers the total cost of ownership for wireless providers… a great selling point.
Nokia accomplished this by embedding artificial intelligence (AI) into the chips. This AI will help boost beamforming capabilities with the radio. And it will use deep learning to best route the traffic to optimize data transmission and overall performance.
AI-driven wireless network architecture is necessary for 5G networks.
These networks are becoming very complex as more people and devices use 5G. One feature of 5G networks is called “network slicing.”
Wireless providers will slice up parts of the wireless spectrum into thousands of different parts. This will enable carriers to give dedicated bandwidth to companies.
One of the keys to this is to virtualize the network – or move the hardware supporting the dedicated bandwidth services to the cloud.
Cloud-based software services are the biggest trend in the software industry over the last decade. Software is deployed in a data center and made accessible using a standard internet connection.
How will this be used in cellular communications?
Let’s say Tesla wanted to establish a real-time network of every Tesla vehicle driven around the world. It can get a virtual dedicated network built in the cloud with data fed to it from wireless towers around the world.
Or a virtual wireless carrier could build a wireless communications network across Europe. I use the word virtual because the carrier would not have to build its own wireless infrastructure. It would simply “rent” bandwidth from a wireless carrier in every European country and host its virtual wireless network in the cloud.
This kind of service is called a Mobile Virtual Network Operator (MVNO). In the U.S., an example of an MVNO is Boost Mobile. But there are more than a thousand of these businesses around the world.
5G will increase the possibilities for wireless service beyond MVNOs. Transformative services – like a shared autonomous vehicle service, mobile medical applications, online gaming, virtual and augmented reality over wireless networks, social media-only service plans (imagine Facebook launching its own wireless service), and real-time home security systems – will become the new normal.
It’s going to take complex software and hardware to run these networks autonomously. And according to research firm Analysys Mason, Nokia is the biggest player in this space. It says global telecom software and services was a $66.9 billion market in 2019. Nokia’s share was $4.5 billion.
Here's the critical thing to know: This is a very important market, and Nokia is making moves to become the undisputed leader. And thanks to the AI-powered ReefShark, Nokia now has the technology to accommodate this looming demand.
The AI-enabled ReefShark helps maximize the amount of data throughput for each base station. Nokia calls its 5G base station line “AirScale.” And each base station is made up of system modules.
chapter 4 next
Chapter 2
Nokia Has Transformed Its Business
Before we get into the specifics, I want to address a common misconception about Nokia.
Most of us probably remember Nokia as one of the most popular manufacturers of mobile phones in the ’90s and early 2000s. That was then. Today, Nokia is not a cell phone company. In fact, it sold its entire cell phone division to Microsoft in 2013.
Nokia doesn’t manufacture or sell cell phones. The only connection the company has to cell phones is that it licenses out the Nokia brand name to a Taiwanese company called HMD Global, which manufacturers Nokia-branded smartphones.
Almost all of the company’s revenue comes from wireless network infrastructure and internet routing equipment.
In 2010, Nokia only received 30% of its revenue from networking products like cellular base stations. Now it gets 85% of revenue from these products.
It has transformed itself into a wireless technology company through a series of acquisitions.
In April 2011, Nokia acquired the wireless network infrastructure assets of Motorola Solutions. This acquisition basically gave Nokia all of Motorola’s 2G, 3G, and 4G wireless infrastructure business.
In August 2013, Nokia acquired all remaining shares from the Nokia Siemens Networks joint venture and renamed the division Nokia Networks.
As mentioned before, in 2013, Nokia sold its entire mobile phone division to Microsoft.
In early 2016, Nokia agreed to acquire Alcatel-Lucent for €15.6 billion. This gave Nokia all of the wireless technology, routers and switches, and optical technology within Alcatel- In an interesting twist of fate, this also meant that Nokia acquired Bell Labs, a division of Alcatel-Lucent, through the deal.
This final deal was the one that gave Nokia the scale to compete with industry giants like Ericsson and Huawei head to head. And the Alcatel-Lucent deal also gave Nokia Bell Labs. That’s the same Bell Labs where Alexander Graham Bell invented the original telephone.
Bell Labs has a 140-year history of making groundbreaking discoveries. The lab is where scientists developed the transistor (the building blocks of semiconductors), lasers, the popular C and C++ computer languages, solar cells, and the first people to transmit 1 terabit per second (Tbps) over optical lines.
And recently NASA selected Nokia’s Bell Labs to supply the 4G LTE communications network for the Moon. That’s not a joke. They plan to deploy the 4G wireless network on the lunar surface before the end of 2022 in advance of a 2024 return mission to the Moon.
Now, Nokia said the deployment will evolve into 5G. But because the Moon is not populated and relatively flat, there will be no interference to the signal, so a 4G network is more practical there… It will be cheaper to deploy, and the signal will travel further.
NASA could have given this contract to anyone, but it chose Nokia because it felt Nokia has the best-performing wireless network equipment.
Chapter 3 coming--
The Return of Nokia
Long-term subscribers will be familiar with Nokia. It was originally recommended back in May 2018 for – its 5G portfolio.
THe investment thesis was playing out exactly as predicted.
But then the management team withheld material information from investors.
In the Q3 2019 earnings release, management drastically lowered profit guidance--- and suspended the dividend to--- “increase R&D expenditures.” I put that in quotes because it was an excuse management used.
The problem is that management had to already know this would happen at the time of the previous earnings call… when Nokia delivered great results.
Companies know their approximate cash position at least two years out.
Companies know their research and development (R&D) budgets years out.
Companies know their competitive position in the market.
Management had to know it was facing pricing pressures during the previous earnings call.
But to boost share prices, the company let consumers think it had a fantastic quarter three months prior… all the while planning on slashing the dividend and reducing pricing to lower operating margins.
Put more simply, instead of coming clean when it should have, the management delayed the announcement in hopes of a miracle.
XXXXXXX worked as a technology executive for the better part of two decades, most of that with publicly traded companies. A professional executive management team would have been transparent with investors ahead of time. Instead, the management team lied to us by omission.
Nokia’s board of directors obviously felt the same way. The board replaced both the chief executive officer (CEO) and chief financial officer (CFO) for this transgression.
On August 1, Pekka Lundmark began as CEO. And Marco Wirén began as CFO on September 1.
Nokia paid a steep price for its poor judgment. The company is now trading at one of the lowest levels it has seen in 20 years. And that is why the excitement this second time around.
The timing for the investment couldn’t be better, as Nokia is turning the corner on its 5G offerings after its operational “hiccup.”
And now we can get into Nokia at a price nearly 20% cheaper than when we sold it last year.
end of Chapter One---
I have three suspended and one came back from oblivion--
Well,, 1 plus 1
Nice catch---I listened to the video,, saw the bar chart of ENZC--
Only one word for that,, recent ---UGLY---
So, the take,, is that if .20 cents does not hold , we are looking at free fall to .10 cents where the 200 day moving avg lives----
Well,, we got the bounce off the ,20/22 cent area we were looking for----except the bounce fell back and did not bounce back up--
As an ole, bearded, worn out, tired and pissed off Texas bounty hunter once said, "shit, I might have to get a new saddle to bring in this critter"
Still Long, but not so strong---a little week in the knees---need a shot of Glenfiddich