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Nope. I've still got my core shares. Gives me plenty to make some nice profits should they give us something that will make this dog get back some of its lost share price. LOL
Thank you so much for posting that chart.
ROFLMAO
When you are right you're right, and when you're not, you're not.
LMAO
LOL, LOL, LOL I guess posters need to start adding fingers and toes to count up the 5 days+ when the earnings are supposed to be announced. Because we certainly know Peter does not know how to count 5 days.
Amazing when your right and then it gets even worse. I just wonder how much worse it can get! I am real tired of WONDERING how they put these last deals together and what the actual share structure is as of the END of October.
That is what I am expecting to happen.
Yes, that is EXACTLY where I am coming from.
There are two other scenarios I have been suspecting might happen, but I dare not post them - would be considered bashing. So, I very anxiously await the earnings AND at some point, a new count of OS as of the end of October, NOT the end of June.
June's share structure info obviously will NOT be informative, since we already have a more recent count from the TA, and a deal or two involving shares since then.
That is what I have been thinking. They are working very hard to fill that gap and it has been a challenge with so much volume. They want it filled before they run her up so that they will not have the pressure to come back and fill it later.
To me, this indicates that PEIX will have a VERY nice, very strong run upward once they feel comfortable that the gap has filled adequately. Probably will start later tomorrow or maybe next week. Either way, it will be soon; the financials were just too strong for it to sit here much longer.
Would you mind filling us in on the major points of the CC and Q&A session?
Actually .365 was the low. I had another buy at .348, because I was hoping it would fill the gap, but often these big runners leave a couple of points to the gap and it doesn't get filled, thus my order at .37.
I am NOT looking for .70. I will be happy with .45 to .50.
I will be watching them both, and will be getting back into SAPX after earnings unless it runs hard, then my core will be enough.
Again, that is what a CORE position is for.
Trading shares are to make money within a few weeks, to increase capital QUICKLY, not sitting on the money for years waiting for it to ferment like the core shares.
Penny Stocks are never on time, NASDQ stocks require a bit more attendance to your reputation. THIS is basically a penny stock grasping at holding onto its NASDQ listing. Until it acts like a NASDQ stock, it will be treated like all other penny stocks.
Must ALWAYS be very careful when trading a penny, and THIS IS a penny. If it walks like a duck and quacks like a duck, it is most likely a DUCK.
The earnings runaround is only part of it. They have told, or implied to people, on SEVERAL occasions that earnings would be out by now. They have also implied that a shareholder letter explaining one or more of the deals would be out at minimum, a month ago. Hell, one of the times I called, over TWO MONTHS ago, I was told they were finishing the shareholder letter and it would be out the NEXT day - that was two months ago.
THAT is what I call giving shareholders the runaround.
So tired of this company giving share holders the runaround. Moved all my trading money to PEIX (Bougt at .37) and have profits already!!!!
Will come back with trading shares after they FINALLY release earnings and the chart says it is time to get in.
I agree totally
OK, my buy order is in to buy back all the rest of my trading shares.
But Mr. C is telling me that it has more downside and it is not time to buy yet.
Thus, my buy-in price still has not been reached. I'm thinking earnings will not come out till Thursday, now that they have not made the Tues deadline, (so suspicious, HMMMMM). The company is not showing a big interest in taking care of shareholders, that is for sure.
Consequently, I will probably have another down day to scoop up those cheapies for trading. Not real happy with how my core shares have performed, but have to look at the positives: the company is giving ample opportunities to get the traders back in the game. GO SAPX!!!!
Yes, and when are you going to post when you sold last week?
I really do not know what to think. I kind of think that they will not release Monday, probably Tuesday.
I take a lot of interest in your confidence that your DD tells you that earnings will be good, that is why I do not just sell and leave, this may actually make another nice move.
However, I have learned to take what you say and weigh it against what the chart is telling me, and then if the chart is screaming something at me, I will let the chart trump the confidence I get from your DD. I have just been burned too many times.
I would rather risk losing out on some of the ride up than lose much of my capital.
I gotta go, will chat later this weekend or Mon.
As always, Good Luck. Let's keep our fingers crossed.
Cool, it's still there. It just gets hidden when they put up a lower ask until that ask gets bought, and then that big one becomes the low ask, and then is visible again.
That would be me trying to consider getting some trading shares, but my chart says "Don't you dare, gotta wait a few days or see a positive surprise in the news", so I am sitting on my hands now, LOL.
I gotta do what my chart tells me bcuz he is always more correct than my thoughts are.
Cool, that is a seller. You can see it on level 2.
Every time a lot sells at their price, that amount is taken off of how many shares they have up for sell. That is a seller, not someone just trying to pressure the stock.
I'm sorry. We try to warn you people, but others just call us bashers. I really feel for you.
Oh MAN! That HUGE seller just got very serious.
No, not a tree shaker there. That is a SELLER.
IF you can't beat em, join em, eh?
ROTFLMAO
Earnings may not be bad, they just are likely to not be as promising as we had hoped. I have grown more and more suspicious of this with the continual delays and constant needs to get more and more people (like accountants and then auditors, etc.) to sign off on them.
Also, something is up as to WHY they will not release information outlining what the specifics of the BJM deal are. That is the item that has me MOST concerned!
I'm not saying sell, I'm just saying you may have to hold longer than you wanted.
We may get a nice surprise next week with something real positive in the earnings and then you will be happy you bought those shares at .41 - .42.
Mostly to me is that it confirmed my chart reading, just as I had anticipated what the chart was telling me.
I don't care about shorters vs longs, shakers(bashers) vs pumpers - that all gets way too unreasonable in people's minds. However, the confirmation of the chart is something I can depend on - I LOVE IT!!!!
Well, the chart has done what it has been telling me it was gonna do.
Now, I wait until it tells me to buy. Should not be toooo long, maybe a week or two. Long enough to let the earnings get absorbed into investsors/traders minds.
Of course, they might surprise us, and then it will be a fun chase up - that would be nice. However, that is not what the chart is telling me at this time.
And there it goes. In the 30's again. Hmmmm???
So, what does this indicate about earnings?
Bid:
.4022 ---> 300
.4022 ---> 300
.4021 ---> 100
.402 ----> 2,100
.402 ----> 2,165
Ask:
.409 ----> 100
.409 ----> 100
.41 -----> 527,200
.41 -----> 527,275
.4115 ---> 6,321
Like I said a week or so ago. I got back to break even and now just hold a core position, and buy trading shares to trade around the core. If it goes up, the core will give me enough profits to be happy. If it goes down, I can then have more power with my trading shares, and my core is a small enough amount that I can now handle the losses just to reserve my chance at some profits if it should really make it to $1 within the next few months.
The loss risk to me now is only 35 points, and of course, I will not ride it all the way down. The profit(reward) potential is 70 to 170 points.
I like that risk/reward ratio!
Fine sitting where I am and only buying more if the earnings show it worthwhile.
Yes, it looks like a couple of large bids are starting to show up.
Yes. I think I will hold off buying back the rest of my shares until after earnings. I just have an uneasy feeling after seeing three huge asks get put up and, like I said yesterday, the chart clearly indicates that it is time for a pullback.
Is that you trying to sell 240,000 shares at .45?
Oh my! Anyone else see that large ask?
Thank you Soldier for your input. It is interesting to see what you are thinking esp. with the technical analysis.
Cool, you gotta admit: This chart is ripe. She is gonna blow pretty big after the financials, either up or down. My concern is that it has gotten overripe for a downtrend, and the financials are very uncertain as to what numbers they will bring. Also, seeing that the financials are only through June, they still will not contain the information on share structure and specifics of the deals done within the last few months - that has me concerned. I want to know how many shares were given to BJM and at what specific price. I know the shareholder letter is SUPPOSED to elaborate on all that, but that letter has been promised to me for about 2 months now, and they said nothing about it coming out with the financials.
On the positive, there has been EXTREMELY STRONG BUYING and support, kind of makes you think someone knows something positive to convince them to buy sooooo boldly.
Still watching the tape. May buy more before the earnings, if the trading looks good, and the anticipated price points are hit.
On L2 now, there is a 49,200 share bid at .41
11,000 share bid at .4185
so some people are still showing interest
Bid:
.4302 ---> 300
.43 -----> 100
.43 -----> 100
.43 -----> 1800
.4235 ---> 200
.4235 ---> 200
Ask:
.4395 ---> 200
.4395 ---> 100
.4397 ---> 3300
.4397 ---> 3300
.45 -----> 100
Just stating what I see in the charts. Sometimes you're wrong and sometimes your're right. Sometimes the chart gets trumped by news - Let's just see which way this one will go.
So far, Peter has not been very supportive with regards to giving us information when he leads us to believe it will be coming.
From the way it's trading today, it seems that people are anxiously awaiting the information so they know which way to take this puppy.
If it breaks below .41, It's likely going into the 30's. I will be surprised, and pleased to get my chance to lower my cost basis again.
However, If it goes below .37, Woah baby!!, it may even go back to .30 to .33.
Peter better start coming through with some of his positive statements, or we struggle for a while again.
Not sure where you are talking about. Are you talking about the gap on Sept 6? That gap is between .59 (high of Sept 6) and .61 (low of Sept 2).
Yes, I agree! Those of us who trade it would have a nice entry.