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CPTCQ is above 2 bucks and looking strong. Anybody else think this is a good trade despite the "Q"?
You are quite right. I think the answer is found on the RB board. http://ragingbull.lycos.com/mboard/boards.cgi?board=BIPH&read=62699
the sell off yesterday and today was created
by Redzone in order to protect short term profits only:
***Of course, we wouldn’t be the Taipan Group if one of our editors’ profitable picks didn’t inspire his colleagues to do him one better. This was the case early this afternoon, when Red Zone founder Chris DeHaemer did his fair share to goad the Taipan Group’s Bull Market Summer of 2005 along with a sell recommendation on Biophan. He writes:
“Book ’em, Dano! Biophan just inked a deal with Boston Scientific. The stock couldn’t break through US$3.00 on the news. I don’t see any other catalyst coming down the pipe.
“Steven Edwards, our nanotech expert who just wrote a book on the subject, just emailed: ‘The deal with Boston Scientific is probably the high point for the near future, as far as I know.’
“With 146% gains sitting on the table, that’s all I need to bank it. By the way, that makes 16 winners out of the past 17 sells.”
It's not investors dumping. This is the last of the fast money exiting at the lows.
I waded through the RB board, sigh, and I read this one all the time. The whole story as I see it, is with the retail traders. Too many people were convinced that this stock would make them rich in a very short time frame and they put too much money on the line. Specific dates, target prices and milestones made the story better. When the deal news came on time, the quick traders added to their long positions and got nervous immediately. Friday the stock went up on 1.6 million shares and the daytraders were almost "all in". Keep in mind that 1.6 million shares, even if it was all up volume, represents less than 5 million bucks. The Tues-Thurs 3 day cumulative volume was 1.9 million shares and 400k of that was up volume during the 1st 2 hours of Tuesday morning when the price hit 2.96 and the short timers were in fact "all in".
No new money came in after that point and since that time, the air has come out of the bubble a little bit. The volume tells the story. Nobody big came into this stock this week, nor did they leave. 1.5 million shares were kicked loose by disappointed and overextended day traders in small blocks. There were 4 block trades today totaling 41,400 shares. Big deal.
Is there a point to this ramble? I forget. No really, it looks like 1.5-2 million shares are being traded between us in small blocks like a penny ante poker game. Everybody who is nervous or disappointed needs to sell enough to get their head clear and then just sit still.
To the board: Is there a reasonable expectation that BIPH will be a 6 dollar stock in 90 days? Can you wait 90 days for a double? That's an 800% annual return, what do you want?
London explosions are going to put dents in a lot of charts today. Dow futures are down over 200 now. Gold is up 5 bucks. Oil is tanking on fears that public transportation will crater and reduce demand. Fear will move things much faster than greed so be prepared.
Consider using your charts with a hypothetical 500 or 1000 share trade in public posts. If BIPH goes down a dime, the hypothetical trade is down 100 bucks and the pressure is off of you. Be careful not to indicate that you are "all in" or "heavily" invested since neophytes may take the same step without your stops.
Penny stocks fail at a horribly high rate, so it is usually a good idea to frequently present the bear case with the bull case. Also, time frames are important. You may be worried now about the third black crow possibly forming tomorrow on the daily chart. I am. But in a month or two, BIPH will be pushing 4 or 5 and maybe 6. So if you like BIPH for a 5 day swing trade, phrase it like that and if it goes south, so what?
This is the real deal and the whole enchilada. Treat yourself and be here early tomorrow for the fireworks.
CDE news is good and we got a nice pop up yesterday. GG broke out. ABX is close. FOMC releases news today at 14:15 ET. 1 hour and 45 min later the month and quarter end. So today could be a bit tedious in the a.m. then wild in the last hour and a half.
ANCHORAGE, June 29 (Reuters) - Federal officials on Wednesday issued the final permit needed to allow construction of a large gold mine in southeast Alaska that has drawn opposition from environmentalists: the Coeur d'Alene Mines Corp.'s (CDE.N: Quote, Profile, Research) Kensington project.
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh47896_2005-06-29_23-19-56_n29...
I'll settle for a green close.
Spot gold has broken out in Euros, Swiss Francs, Yen and Rand. It is close to breaking out in British pounds. The kitco site you linked has some great gold charts in world currencies. Oil is breaking new all time highs this morning. Natural gas is up. I see a target rich environment.
CDE is looking good. Gold and silver are moving up. Oil and natural gas are moving up also. Energy and alternate energy plays are making sustained moves. See for instance FUEL, PLUG, DESC, ABLE, TMR, TGA and maybe SYNM. DEZ is another miner tracing out a good chart. I'm long GW, TMR, TGA, DEZ, CDE, FUEL, and watching GSS and BGO.
There are some mining stocks that have cult followings in the US. These are dogs with a million fleas, but they tend to run well when the metals are moving. GSS is followed by Bill Murphy and Tim Ord and the GATA crowd. DROOY is a South African ADR with most of it's volume in the US and has a small but devoted international following. BGO is followed by Tim Ord and Tom O'Brien among others and gets support from their newsletters. If gold can breakout, these things will very likely "boosh" on newsletter timing alerts.
Money does some strange things to people. I wanted to maybe start a thread on the time aspect of ta and failed. I'm looking at the application of fib levels to time as well as price. I guess I should have said so. Or waited until the price was moving a dollar a day.
On a better note, the EIA releases numbers tomorrow at 9:30 ET that will probably move the energy markets. The expectation is for builds to inventory in all of the headline categories of over 1 million barrels. Last week there was a surprise. If the surprise happens again tomorrow, the little energy and alternate energy plays like FUEL, PLUG, DESC, and maybe SYNM will boosh. I like GW and TGA too. If the builds come in huge, like 3-4 million barrels, then lots of things in the energy arena will be good shorts.
EP- I trade in a pool of 6-8 stocks at most per day, never just one. I change the pool, but limit the # on the front burner. Thanks for the thoughtful reply. I held my BIPH today.
I'm not out. I am asking a question with regards to time in a trade.
FUEL is up 44% in the last 10 days. TGA is up 27%. BIPH is up 1%. When I change the time scale to 5 days, using stockcharts interactive performance feature, FUEL is up 38%, TGA up 15% and BIPH is still up 1%. At some point the time value of money becomes important, especially to daytraders. When? How long do you folks hold things like BIPH before tipping your hat and just moving on?
http://stockcharts.com/webcgi/perf.html?BIPH,TGA,DEZ,FUEL,GOLD,cde,auy
Over in the metals arena, in the last 5 days, DEZ is up 10%, CDE up 9%, GOLD (randgold resources, not the metal) is up 7%. AUY is another little miner that may "boosh".
There are some analysts and pundits who think silver is going to run faster than gold. I meant it in a positive way, am overweight the silver miners vs the pure gold miners.
Gold is moving up this morning...429.20 spot now.
CNR is up 13% in Oslo and moving up in the pre market.
I bought some last week. CDE is primarily a silver miner. Keep that in mind as the metals move.
Wild, RAPM is a mining company trying to buy a technology company that is trying to develop a process to produce fuel from industrial waste like plastics. If RAPM can buy Clyvia Technology, then they drop out of mining. If they fail to acquire Clyvia, then they go back to mining. So right now we don't know if they are a mining company or an alternate fuel company wannabe. lol
CDE is geared to the price of silver with some gold exposure. They have issued too many shares, imo. I trade them. PAAS is the other big name in silver. Some miners that also produce large amounts of silver are BVN, FCX, ABX and GG. GG just bought WHT. Some junior miners that are doing well are GRS and WTZ. I like DEZ too. DEZ really moved well last year. The market cap of the mining sector is small, these things get pushed around easily. There are more conspiracy buffs per ounce in this sector than in any other. Enjoy.
CPTCQ has news out....
Irvine, CA, June 10, 2005 - Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), announced today that PacifiCorp (NYSE: SPI), one of the largest utilities in the Western U.S., has ordered 22 linear-miles of high-capacity transmission cable for a transmission system upgrade project in the Salt Lake City, Utah, area from General Cable Corporation (NYSE:BGC). The purchase order for the cable, called TransPowr(tm) ACCC/TW (Aluminum Conductor Composite Core), which utilizes CTC's proprietary cable technology, was the result of a joint sales effort by General Cable and CTC pursuant to agreements between them and represents a sale of approximately $800,000. Installation of the project will begin September 1 and will be operational by December 1, 2005.
More in the email/news link
News: another sale
Irvine, CA, June 10, 2005 - Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTCQ), announced today that PacifiCorp (NYSE: SPI), one of the largest utilities in the Western U.S., has ordered 22 linear-miles of high-capacity transmission cable for a transmission system upgrade project in the Salt Lake City, Utah, area from General Cable Corporation (NYSE:BGC). The purchase order for the cable, called TransPowr(tm) ACCC/TW (Aluminum Conductor Composite Core), which utilizes CTC's proprietary cable technology, was the result of a joint sales effort by General Cable and CTC pursuant to agreements between them and represents a sale of approximately $800,000. Installation of the project will begin September 1 and will be operational by December 1, 2005.
Here is a link to the goldsheet with a mining directory.
http://www.goldsheetlinks.com/
There are other features, but I think this will help. The list includes companies traded on foreign exchanges, so it is pretty exhaustive.
Your trade should show on the time and sales list for the day. If the trade was taken "in-house" then it will never get to level 2.
I want to see the price on the weekly gold chart break the downtrend line. The line is now just below 440 on the continuous contract. I like RGLD, GG and GOLD in the miners, CDE and WTZ in the silver plays.
Here is an article on the fundamentals. Keep in mind that central bank selling can cap rises in price, at least temporarily.
http://www.mineweb.net/sections/gold_silver/446970.htm
ELN
Keep the crash cart handy, it looks like it could flat line.
zzzzzzzzzzzzzzzzzzzzzzzzz
Sounds good. But if the pattern holds, the markets will go down 100 points tomorrow! The chop on these waters is making me seasick.
I took that last trade on ELTK with you. What are you keying on for indicators?
Thanks. I have a tight stop on it. It is short sale restricted at some places so I am hoping for a short squeeze. But your caution is well taken.
I'm trading ELN today and did so yesterday too. It has another 50 cents to go and then nothing but air above it.
SWB is up nicely. Is anybody still playing this one?
Nice trade! You are a brave soul, much braver than I.
No. For myriad reasons. Let it go, watch the news and if everything works out for them, play it again in the fall.
Good points. No matter what happens to the company, the shareholders lose.
Thanks. Good luck to us all.
Thanks for finding that article. I searched and found the source. http://www.menas.co.uk/ni_current.htm Now I need to figure out if this site is trustworthy, lol.
That scenario sounds plausible and it raises more questions. I won't add until they release "real" news or the price breaks that ugly downtrend line with serious volume. Thin air? Am going on oxygen now.....
I like this company and own some. Here it comes.....the "but"... BUT if they really have any kind of deals signed that would benefit the bottom line, those things cannot be kept secret. That is not supposition, it is fact and it is why deals are announced fairly quickly from the time they are signed. Somebody (usually several somebodies in both companies) would tip family or friends. The stock would be moving up. The longer this thing goes without substantive news, the less likely it is that there is a deal. Somebody correct me with some examples of long kept secret deals. I really want to be convinced. really...
I skimmed the 10-Q and it says that as of March 31, 2005 they have no sales. Anybody see anything different? No sales and they burned 5 million for the quarter.