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An 8-K is the form used by companies to comply with Securities and Exchange Commission requirements to report material developments.
Although much case law has been developed to determine exactly what is a material development, the term means, in general, something that a reasonable shareholder would likely consider important to making an investment decision.
Some material events include a planned merger, an out-of-the-ordinary purchase, the sale of significant assets or shares, the resignation of the chief executive officer, the firing of the company's auditor, or a bankruptcy filing.
My guess is look fo an 8K to be released shortly.
Could be bouncing off a downtrend line - look for a retest of the pennant midrange at .195
J:
I'm not a financial advisor and will not give you personal advice. With this in mind, on an intraday basis, the descending 200MA is considered a point of near term upside resistance and is currently at .4 Looking at the angle of decent and projecting into the afternoon coupled with natral price level resistance point it would appear the .36 level as a near term firm resistance point barring any news release.
if this can't crush the .21 - hold for a re-test of the low
While I agree it is probably too late to cash out - in the future remember....protect your profits and/or minimize your loss becaseu you can always buy the stock back.
I'll be curious how explosivestockpicks is going to spin the fact that they called this a buy at .36 after pattting themselves on the back so much yesterday.
My personal favorite site for picks has been hitting on all cyclinders for the last couple of days. I'll be curious if they post VDTI on their site tomorrow.
Loud-and-clear!
Hasher - Until I see this firming up I'm looking at .12 right now.
Agree - you're etiher in before the promotion or in the very early phase or you're wating for the initial collapse to scalp a quick buck.
Knowing what these "pumpers" like doublingstocks and explosivestockpicks are doing is a great way to make money in this market. The problem is not them but those that buy into their hype on the company and fall in love with the idea (promotion)itself. 99% of penny stocks do not behave like higher cap stocks on pullbacks. After the burst you have to let go and move onto the next one without looking back. yes, to those like me who play the volatility swings on the breakdowns th are many places to scalp a profit, but for those looking for levels from which to build a bigger position I would suggest you not trade this market 'cause it don't work that way most of the time.
As William J Oneil said - The only good stocks are those moving up.
I'm looking at the .15 level to catch a rebound play.
Sotcky1:
The market at any point in time is nothing more than the sum total of current perception. And while this company may have a product that will benefit those who suffer from diabetes, the current perception is that it is not worth the pps at the moment.
The bottom line is that you cannot argue with the market as it is always right. All you can do is protect your profit (minimize your loss) and buy back in at a time when collective perception has changed.
IMHO
probably re-test the .505 in the morning.
You don't see many quadriple reversals in a day!
LEA:
Many times these precede upward movement (like a volume grab for future distribution). I can't say why nor can I say that this is but I have noticed this quite a bit in trading.
VDTI:
If you go to Trading-Pennies their face page says it all with regards to trading the OTCBB and Pinks. Accepting that this is the nature of the "beast" one can use these sites to make quite a bit of profit, but like T-P says, you have to get in the early phase of promotional campaings and as you said Luvthemtrainz, you got to take your profits when there and run.
When these begin to fold (as VDTI did the other day) you stand a good chance to scalp a good profit on the first pullback as I'm doing today, but those that hold hoping the stock will regain the highs of the volume climax are sadly mistaken (IMO) 99% of the time.
If you truly love the idea of the company then keep it on your watchlist and wait for it to prove itself to you before re-entering. You have to let it form a solid base which is generally over the same period of time it took to go from the midpoint of the prior base to the high of the volume expansion. You also need to see the intraday range tighten before considering re-entering.
Right now VDTI needs time to consolidate and this will take time.
Apparently not!
Misty:
EESO is well extended above the 20/50/200MA on the 5 year chart with a monthly frequency, the 20/50/200MA on the yearly chart with a weekly frequency and the 8/20/200MA on the 3-month with an annual frequency. Recently it tried to fill the mid-range gap caused by the past volitile low volume consolidation which was preceded by an exhaustion gap off it's all time low volume high. Today it failed to hold the support of the .02 (expect that to be re-tested tomorrow) and the next likely test would be the prior support level of .007.
On a technical basis if you are into the ABC's if Fibonacchi combined with the projection of neutral flag consolidations (usually continue in the direction of the past trend - in this case on an intrady basis to the downside - and project a similar distance if the lower boundary is broken - in this case the .008 level) and in a similar period as to their formation- in this case if it's going to break it would be during the mid-afternoon lull and continue into Friday with a period of sideways trading most probably re-testing these levels -the "C" of Fibonacchi - in a similar period.
Now all of this means squat as the market is always right and does what it does. But if there is a volume break of lower boundary of the intraday consolidation formed today - the .008 level is where you'll find me waiting to re-load.
The stall and sell off with the release of the news event speaks for itself and the distribution is clearly seen in today's trading. - IMO
Good luck all!
Jabber:
I respect and appreciate your response unlike other board members who called me derogatory names in repsonse when I was being repsctful of this board when I asked.
Jabber:
That is just what they technicals suggest if the current lower boundary on this pullback consolidation is broken to the downside. If it breaks to the upside expect a test of the midpoint of the consolidation in the prior range high.
Great looking cat - got one at home that could be it's sister!
I use the intraday 3 minute with a 200EMA which was broken this morning at .027
EESO:
I had expressed concern this morning to the price volume action about the intraday 200MA (which was broken with volume this morning so I sold my position). On a purely technical basis the intraday suggests a test of the .008 which is where I'll be waiting to see the next up-leg. Good luck everyone - I hope you make some serious moolah!
EESO:
Still holding a large portion but I'm watching the volume at the intraday 200MA. The rounding of it and EESO's settling on it throughout the afternoon concerns me a little.
6:
I was thinking the same thing. While the daily's decline is fairly steep, the intraday activity appeas to be basing and tightning up with regards to volatility which is a good sign in price/volume action.
EESO:
And again they are still on the breakout lists on Trading-Pennies and OTCStockexchange websites!!!
Go EESO!
EESO:
Once again I see this stock posted on both Trading-Pennies and the OTCstockexchange.com sites for stocks in play tomorrow. Time will tell.....where do all of you see as overhead resistance points in the near future?
Well I guess when a major world oil company takes interest in you products......it is a good thing....yes?
Does anyone know of existing promotional campaigns of this company or is the recent price movement based on something entirely different?
EESO:
I got to tell you. At the recommendations of Trading-Pennies and OTCstockexchange I took a position in this company. I missed the original breakout but was lucky to get position at .009 and .011 respectively. Having it closed at .009 concerned me but I looked to where the volume position was and the sentiment of the board members here and held strong.....glad I did.
Being that the prior resistence levels were based on extreme low volume levels and therefore not predictable...where do you fellow board members see the next true resistance point?
Trading-Pennies and OTCStockExchange.com too!
Thanks - I my guess is a retest of the .14 by tomorrow IMO
Anyone out there got an accurate L2? I have TDAmeritrade and there is no consistency between last sale and the L2 - I'm flying in TDA's mythical "services".
Where did you see tis as I cannot find it on my news stream nor the financials on Yahoo
The company has a number of things in the pipe line. There was a study released recently that demonstrated that transfused blood which has been refridgerated for more than two weeks has a significantly higher rate of causing mortality in cardac patients than blood held for shorter periods of time. In the midst of a nationwide whole blood shortage the ability of being able to produce universal blood would hold promise. With the infancy of the baby boomer generation (the most affluent generation to date) entering the age of active retiring the concept of life elongation (let's face it it is the trend among this generation) has true potential.
In the short term todays movement has a little reparation to do ....in the long term if this company keeps advancing and gets private and public interest...who knows.
I'm beginning to give my shoe strings a little more respect though :)
I just turned it on and didn't hear that.....thanks for the update. The lower boarder of the last uptrend line that failed would be .24 in tomorrows trading. On the unikely event of a huge gap up this would look to be the upside resistance line of an extreme move...IMO
Interesting show.....someone from PR should have told Dr. Lanza to get the name of his company in some form or fashion a la (Well, at our company Advanced Cell Technology we currently blah...blah...blah).
Hopefully his name will be Googled tonight and with it interest tomorrow.
The news was obviously built into yesterdays move with a sell of on the headline today. I would think this somewhat temporary with the lows tested for volume as national covererage would expect to gain interest. I would suspect buying going into the close but at what level I can't say - IMO
TCHH:
The recent break of the lower boundary of the short term up trend line and the inability to hold above it coupled with the touch of the underside of the daily 8MA today concerns me.