I was under the impression that we will see some resistance at 0.009.

It means that there are 4 MM's willing to buy at that price and 1 MM offering to sell for the other price.

I for one am long into the weekend.

Your original excuse for annoying people here was that you were checking it out for a friend. I should think that task is finished, good bye.

Not enough volume today to pierce the 0.009 barrier IMO. Fridays are tough, everyone's gone already for the weekend. There's always next week and the chart seems to be gathering some signs of strength IMO.

OK I'll bite. Support Analysis? -e

Whoops alright - right now I would say support is at 0.007, resistance is a little harder for me to figure though.

G'day Fringe,

Following the example of you and your cohorts, I am endeavouring to learn the art and science of TA. Right now looking at the EVSA chart, particularly the 5-day chart, it looks to me like its in a sideways mode. Nothing really good or bad. Volume has declined, slow stochastic is low and looks flat, MACD is hovering about neutral, TRIX is low and looking flat also. Am I missing something? Comments and assistance welcome.

Just tinkering with the chart and it looks like what we're seeing is a classic Fibonacci retracement with resistance at 0.06. All the other aspects of the chart still seem to point to a general upward trend. Of course, this is just my interpretation.

No stop loss set but it's darned close to where I would personally set one.

That has got to be one of the silliest posts I've seen in a long time.

I believe your handle says it all. Should have sold as in you didn't and lost. You dumped shares because he did? I held onto mine, because the reasons I had for buying in the first place are still there. One day is not going to make or break and I already have my sell strategy worked out.

It sounds like you are playing follow the leader, and I'm here to tell you IT DON'T WORK. If you don't take the time and effort to learn what it takes to make your own decisions, you will never be able to change your handle.

I wish you good luck but more importantly I wish you knowledge.

Congrats on your success DF. I believe there are many paths to making $$ in these markets. The biggest reason IMO for losing is poor discipline, in not following one's chosen system and particularly in knowing when to sell. Let's all go to the bank together!! (For deposits that is)

Me too Rocketstocks. But the other thing I learned is that if you don't believe in certain method, it won't work for you. The reason, I believe, is that unless you believe the system is valid you will tend to ignore what it is telling you and play your feelings.

OT: DFDSQUAD3 - I can highly recommend two books that might help you in getting started. 1) How I Trade for a Living by Alexander Elder and 2) High Probability Trading by Marcel Link.

The first goes through the different technical indicators and relates them to overall market psychology. The second is self explanatory.

After reading both of them I had my nose rubbed in everything I was doing wrong (basically everything). I've still much to learn but feel more confident and am so far much more successful. Don't worry about the 1K grubstake, trade smart and it will grow.

Pump shrump I bought this based upon MY interpretation of the chart not someone's recommendation. Right now I see no indication that the run is over with, au contraire. Buying on tips or pumps is IMO a sure way to lose money. The same for selling.

OH DARN! Now I need to draw a whole new price channel. LOL

With the vollie and price - looks like we got a feeding frenzy going. LOL

Can't say for sure but perhaps E-trade has not updated yet this a.m., that rather sounds like what it was at yesterday's close. Either way, we'll see what happens when it comes out of the gate. It does look encouraging for a green day.

Right now L2 is showing open at .052 x 0.061 1x1 with NITE top on both bid and ask. Next on ask is UBSS at 0.065

Looks like NITE is sitting on the ask at 0.061. We'll see how long he hogs that slot.

WOWSER!! I see the DJ down 470 and still tanking. The backlash of bottom feeding is going to be epic IMO.

EDIT: It's dropping like a rock. Now down 540.

Uhhh exsqueeze me. Where is the "duping"? It sounds like everyday economics to me. They try to get the highest price they can, wouldn't you? It's bothersome when people use emotionally loaded words to divert attention from common sense. Ah well, this is a message board after all. LOL

Don't mind me. Just practicing my chart reading.

I see the bolinger bands tightening, the RSI rising, and the MACD cross over looking good. If I interpret these indicators correctly, I'd say we are getting ready to break out in the not too distant future. Do any of you experienced TA'ers have any corrections or additions?

Volume appears more robust eom

I am definitely not an expert but it seems to me that the MACD, RSI, and TRIX are indicating an imminent upturn. T'would be nice.

Small drill rig in pictures.

Hello all, I bought in this a.m. for very small position but it was all I had the cash for at the moment.

Based on 20 years in mineral exploration the rig in the pictures looks to be in either the 1000 or 1500 class. That would mean that their targets are probably less than 1000 feet deep. To some extent this is corroborated by their use of a single compartment mud pit. Deeper wells would have larger mud pits and those would be divided into two or even three compartments. The signifigance is that with shallow wells drilling costs are very low and drilling times are relatively quick. Once a well is begun, they will know rather quickly how succesful it is. I would guess, allowing time for testing that an average well could be completed within a week or two rather than months.

Of course this only applies to the property that the pictures were shot on. They may well have deeper targets on other properties and contract with bigger rigs. Some deep holes can take a week to just trip out the drill pipe working 24/7.

GLTA

As I said, I didn't read the documentation. I would imagine that they are specific about all the defendants listed. Oh well, the courts will sort it out. Lets see who actually gets convicted. Meanwhile, it doesn't seem to have any affect upon our shares. They are still worthless.

I don't normally post here anymore - waste of time. However, your message was interesting. Still, while not defending anyone, your interpretation might not be correct. I was not able (read unwilling to pay) to access the documents but just the presence of Fan on the list of defendants really does not mean much. Attorneys almost always put down every name they can think of and let the courts sort them out. A shotgun approach if you will. As the successor to Olsen it would only be expected that Fan's name would be added. Just a thought.

OT: Yes, I'm a sailor - I sail a 38ft Cabo Rico bluewater cutter in the Gulf of Mexico. Have my coastal 6-pack license but will upgrade to 50 ton master at renewal.

Why harp on updating the I-Hub info? It is not like anyone can trade at this point. I plan to hold (no choice) until the end of the year and then if no change have the shares declared worthless for the deduction. One nice thing about that is that even if the shares did eventually become worth something it doesn't affect the deduction.

Are you a retiree with nothing to do and no life??

Sure sounds like it.

AMEN!!

Don't go away mad, just go away and pester some other board.

I am open to the idea of "coming together" to protect our investments and would have responded then but for the lack of PM capabilities.

I really do not have a clue as to what can be done by us. Perhaps if you or someone else could drop me a short note at my e-mail address so as to not clutter up the board, I'd appreciate knowing what options are available.

cabo_sailor@hotmail.com

Fringe,

If I am reading the data on the link correctly, then once TLYN deregisters the SEC will drop the suspension and we will once more be able to trade on the pink sheets. Providing of course that one or more MM's are willing to handle the traffic. Not so?? Am I missing something?

Yes,

A totally different discussion. Although based upon our normal volume we haven't exactly been real liquid before any talk of deregistering.

We are NOT listed on the Nasdaq. We are a pink sheet listing.

A word?

Did you miss the paragraph that states a pink sheet company is NOT delisted. Or the other portions that state companies on higher exchanges move down to the pinks when deregistered? Yes, those companies will be delisted from their existing exchanges.

You are letting your own vitriolic point of view blind you.

Before filing to deregister its common stock, a company may first have to apply to delist its stock from an exchange.

Voluntary deregistration may or may not imply contemporaneous delisting of the company's stock: if the firm already trades in the Pink Sheets, there will be no delisting; if, however, the stock trades on another exchange, the stock will delist and trade in the Pink Sheets since all other markets require registration of the firrm's stock.

From the same source you have been reading

I don't see how we would be any worse off than we are now. My impression of the deregistering is that it is a temporary affair that frees Telynx from reporting obligations for a while so as not to get into any more trouble. It's not the same as delisting. They simply do not have time before the Jan 29 hearing to correct the newly cited discrepancies found by the SEC. Either way, we will most likely still be trading on the gray market which means most of us can't do anything with our shares anyway.

I should hope that once the accounting discrepancies are cleared up the market registration would be reinstated.

An interesting paper on deregistration:

Here is a sample:

"Public companies may voluntarily file for deregistration if they have fewer than 300 shareholders of record, or fewer than 500 holders of record and less than $10 Million of assets in each of the prior three years. Many companies that meet these criteria have thousands of beneficial shareholders, most of whom have their shares held in street name by financial institutions, each of which represents only one holder of record. In a petition sent to the SEC on July 3, 2003 (Nelson (2003)), a group of institutional shareholders asked the SEC to amend Rule 12g5-1 of the Securities and Exchange Act of 1934 (which was added in 1964 in response to legislation enacted by Congress) to include as "held of record" each account for a beneficial owner holding the security in street name.2 They argue that the recent wave of deregistrations has left many shareholders without access to accurate, publicly available information about companies in which they have ownership stakes, and go further to claim that amending the definition of holders of record will help tide the current widespread manipulation of the capital markets by some unprincipled issuers"

The link to the full pdf file is:


http://gates.comm.virginia.edu/uvafinanceseminar/2004Triantis.pdf

OK, for the sake of argument "its pretty sad". I personally resent some anonymous entity with no history telling me how to spend my time or money, NOW THAT is sad. Over and over and over.

You made your point so let it lie, please.

This post bends the board rules enough - so enough said by me. My next response will only be to hit the ignore button.

Is that the only book you have?

I'm sorry eliaman, I guess my coffee hasn't kicked in. What part of the document addresses the grandfather clause?