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last 7 mil were on the ask, not bid, on my trading screen
I'll have a chart up on my site by this weekend or early next week at latest. It's filling back and forth right now in the gap area with resistance that turned to support at 4.50. It needs to stay above 4.50...that's very key support right now and so far, its not even close to breaking that support.
The litigation is now over and that litigation was a big reason for the liquidation of this stock. The litigation is finally settled and not for cheap but that is now going to help unlock the real value here and allow for people to accumulate with less fear. Nat gas prices going up and/or the US turning to predominant nat gas will help create more bullish momentum in GST. It needs to continue to accumulate sideways and build stronger support here so that when it moves up, it can continue to move higher versus a quick run-up and fall. watch the bollinger bands on the daily chart...we want them to tighten and then the stock to finally explode north. That would be very bullish and provide a great stock to trade around a core position with.
Good luck
A healthy low volume pullback today in the 7.40 range. Attempting to add to my position here and reduce some of it near the 7.80 range where resistance is currently at. Good spec steel play if you can tolerate risk and volatility from the low volume and lack of liquidity.
LPH is a good play in the long-term but the chart is very weak right now. It tried to recover last week but quickly failed so let it fall where it may. No reason to try and call a bottom on it, especially with all the global issues going on that are tossing the indices around left and right. The chart will recover soon enough as the company makes the right moves and the macro issues stabilize. Than we can all aggressively add and enjoy the ride up but in the meantime, no reason to bet heavy and gamble on a weak chart. Let it fall where it may...it will recover.
stock already took some strong technical damage on the 22nd so position is already reduced significantly now. watching and waiting now with just a "tracking" position.
A Bad Trade in THRR
Lesson Learned
If I had to speculate on what Ike will do...I'd agree with that. The only changes I'd make is an R/S sooner than 24-30 months if the company is struggling to dilute for enough cashflow as the PPS continues to fall. The larger the O/S, the tougher it will be to find people wanting to invest as it will take some massive buying power to increase the stock price the more shares that are out there.
All one can hope for right now is a cash flow positive quarter that didnt need dilution to start attracting real money to the company OR some strong bounces to take place during this downtrend. Over-enthusiastic bounces tend to happen on a downtrend but they usually create a "bull trap" that gets people too quickly believing the stock is turning around only to create a wave of panic selling when it falls more...pushing the PPS lower yet again.
The lesson here is to be selling in increments on bounces and watching for confirmation that the stock is turning around before one starts to buy in increments. That will reduce risk and still give worthwhile profits while significantly minimizing risk since you are waiting for confirmation to buy and not emotionally buying cause you see some good action for a brief period of time in a downtrending stock. As of right now, the chart says GOIG is losing people, not gaining, albeit at a slower pace than before but still losing people rather than gaining. No reason to catch a falling knife....not a safe style of making money in the long-run.
I'd look at stocks elsewhere in the meantime and just keeping GOIG on the radar until things start to turn around. You may not be able to get in at the very bottom with this method but you significantly reduce risk and losses with this method. Everyone loves calling a bottom or top and 99% of the time, they are wrong. That still won't stop them from doing so though...and when they are right once in their lifetime, they will never let you forget it as that will be their claim to fame. CNBC is great at putting those pundits on tv.
Good luck
I can't see a favorable R/S situation for current investors until the company is cash flow positive at least. The psychology of an R/S with a fundamentally weak company typically finds the bears to take control after an R/S. When people see a higher stock price, they immediately think a company is overvalued even though the stock price is not how you value a company. On top of the fact that its not a big board stock that could find institutional investing only makes an R/S that much more negative. Some companies on big boards want to R/S to 5 dollars because most institutions have rules that they can only invest in a stock above a certain dollar figure as the higher the prices goes, the less volatile and risky it is.
To say what Ike Sutton would do for the share structure would be complete speculation at this point. All I know is an R/S is not favorable for the current investors anytime soon as they are likely to lose value unless Ike gets someone to pump up the stock. An R/S would be beneficial to new investors down the road as a smaller float is always beneficial to the bulls case but the problem is if he just resumes diluting to pay the salaries and bills again.
Until the company has stronger fundamentals, It's a complete gamble with unfavorable odds. Its missed milestone after milestone so the track record is very bad, to say the least. Until that starts to change, its hard to pick this company over all the other ones out there with stronger fundamentals, stronger charts, and better track records.
One big fault of many novice investors is they find one stock that they like and they put blinders on as if this is the only stock they can be involved with. The benefit of having all these stocks to choose from is that we can be in the right stock at the right time more often if we do our homework and put ourselves in a position to take advantage of favorable odds and favorable risk/reward situations.
GOIG isnt at that point right now. Maybe someday it can turn it around. Ive said before, I like the concept but I don't like the driver behind the wheel. Unfortunately, great concepts/ideas don't necessarily mean success. The driver has to get them to the finish line and this driver doesnt have a good track record as I've factually shown with undeniable proof in my articles.
Hope that helps.
I'm pretty sure thats my fault as well. I somehow manipulated that I'm sure.
Thats one more person than I expected to actually agree with me on here. For someone to agree with me on here...I must say I'm shocked.
Yea...I'll repeat again and again. Ignore what you said about buying a stock of a diluting company as an investment and trade it like the evil daytraders do when the chart shows strength. Than get out when the chart starts to falter while everyone else on the board wants to ignore the warnings signs and say keep buying. The concept is easy...the actual process of understanding how to do it correctly takes time. A skill that is very valuable when polished.
Then when it falls and they point the finger at everyone else like you just did...those who sold at the right time rather than buying will sleep better at night knowing they finally learned how to reduce risk and put the odds in their favor for a favorable risk/reward trade. No, they didn't "get rich" but thats because they finally understand its an endurance race, not a homerun contest. When that is realized, its amazing how well the portfolio will do.
Unfortunately, most would rather just take the lazy road of buying and hoping and praying. Making money in the stock market is not easy/lazy work, contrary to what most think.
"Look Ma, I'm a trader"
It's not that easy but for those who realize the danger of forums like this, it isn't that hard either. Overly bullish threads like this filled with novices "acting" like experts set people back...they prevent people from learning because they make the same mistakes over and over again. Thats a perfect example of what insanity is defined as...doing the same thing over and over again expecting different results. When it doesnt work out in their favor, the response is always, "oh this was manipulated...oh they did this or that person is evil, etc..." Thats not conducive to learning how to do it right.
Quit with the "victim mentality." Quit blaming others and start looking at a stock as a "piece of paper" because thats all it is. Learn what a portfolio management system is. Understand how to evaluate risk/reward on a stock and the different dynamics on what makes a stock move.
For most, they'll just say Ike Sutton (whom I have proven over and over and over again has twisted the truth over and over and over again) is great, the concept is great, heres my money...i'll be rich someday. You have better odds picking red/black in roulette...at least you have a 50% chance with that.
The people who play the "innocent victim role" will always find a way to pin the blame on someone else than the real problem....until its too late and they are broke.
key point to note from that
They gave them 100 mil shares of GOIG. Without knowing the restrictions on the stock and when they can sell those shares, expect some type of pump in the stock so they can start to sell some of those shares. The higher the price, the more that 100 mil is worth. As usual, the question is when will that pump happen? As is, the chart is extremely weak so without a very strong green day on extremely strong volume...its all speculation and guessing. No good tells from the chart other than expect bounces right now during the downtrend.
At current prices...that 100 mil is worth $260k.
my concern: if this is just an acquisition to try and capitalize on the hot topic of cloud computing to push this stock up for more dilution based on hype rather than actually helping the business model. that 100 million shares given to the other company is not beneficial to the investor...its given to them so they can sell it at some point in time.
tell me when you plan on digging up the supposed garbage. please do...id love to see your quality DD. your excitement from the capital IQ estimated earnings shows your quality DD skills.
don't attack...go out and do it. don't talk big...go out and do it. until then, you have zero evidence to back up your novice claims and ASSumptions.
all I see from you is "hopes and dreams." just another blind investor like the article clearly states. the article is filled with facts that can not be disputed. please try to dispute them. when you cant...the question is will you admit you were wrong and apologize or will you simply make excuses or deny? we'll find out your character soon enough.
X, go back and read my post at 110219. I already said this is generic information. it is CALCULATED based on previous earnings hence the ESTIMATED date. Nothing has been confirmed. I can show you the estimates for all my current stocks from them...some are right, some are wrong. All it is, is an estimate of when the earnings should be around.
Thats exactly why I tried to warn everyone in June but I was flamed and attacked for it. I was called a manipulator and everything else you can think of.
GOIG article from June
too bad he had to wait? i'm pretty sure the CEOs salary is still coming in every 2 weeks regardless.
I wouldnt be surprised to see a PR because they need to create more enthusiasm and excitment so people buy up the stock and they can dilute more at higher prices so they can pay bills. So far, the previous financials have shown that their bills are paid by dilution. That means investors are paying the bills...especially those long-term holders. That's why I don't buy on rumors from bad charts and diluted stocks. Sure, it "MAY" go up on a bounce here and there but the chart is weak and I have so many other strong charts with good CEOs to choose from. Why would someone limit themselves to a bad chart, bad CEO, and a business plan that still dilutes to pay bills?
You all realize that its an "estimate" of earnings hence why they say "calculate," right? They do that for all the stocks based on previous earnings reports.
Some key points to remember for GOIG and most any other stock for that matter.
1) contrarians like to buy a stock when nobody wants it...I DO NOT recommend this for pennies though unless its money you can hold for a long time in the stock and you feel comfortable if you lost it (aka gambling money). definitely not my style of investing for a penny stock but some do it cause they can sit on it and average down for however long it takes.
2) GOIG will jump again at some point in time...when and how high is the question. The chart is clearly in a downtrend and all indicators are bad. Downtrends tend to have some exaggerated moves up that create a "bull trap" by sucking in investors and falling hard the next day as they panic sell or become long-term bagholders.
3) watch the A/D line and OBV line on the chart at different settings from intraday minutes to daily. When it starts to show an uptrend with good buying volume...thats what puts a stock on my radar for a run.
Thats some basic notes and perspectives from my perch. you have to take the emotion out of a stock and take your belief that this concept is great out of the stock and look at a stock only as a stock. Keep your emotions in check else you'll make more bad moves than good moves.
Good luck
I don't have FB but if I did, I'd create my own Go800 investment page and put legit info on it that can't be deleted
This was written a while ago specifically about GOIG
GOIG Article from June 2010
You'll likely get that run...to which new investors will hear about go800 and think they are getting in the ground level. than the stock will come back down to support levels and create new long-term holders. when will that run happen is the question.
isn't that how the pennyland cycle goes?
Thats a good question for BigSky. He used to be a mod on here (looks like he is no longer a mod here since last time i came around) and he proudly works for GOIG. I'm pretty sure he told everyone things are on the up up up but you can look at his previous posts to confirm that rather than just listen to me.
So this is news to everyone on this board that Ike Sutton is the President and Sole Director of SAVW and still the CEO of GOIG?
Here is a link to the article stating he is the President and sole director of SAVW and still runs GOIG
http://baltimore.citybizlist.com/yourCitybizNews/detail.aspx?id=89801
Post Unavailable
Additional Information
chart is only growing stronger and up afterhours on decent volume. no news that I can find yet though on why its up afterhours 7%
Chart underlying indicators started to really turn around today so I started adding back a little bit to my position. I'll try to get up a chart analysis before the week is over
Yea thats my work from yesterday. I posted it on here well before the close to which TomThomas proceeded to inform me Chart Analysis was useless. Tried to give everyone a heads up to start paying closer attention...guess nobody saw it. Look at post 43735
a bounce is just a bounce without confirmation tomorrow. an uptrending a/d line and obv line with better volume would indicate confirmation is more likely
I wouldnt be so optimistic until the A/D line and OBV line aggressively trend north on better volume intraday. Without that, the stock can easily pullback on low volume. Remember, ARCA has a large bid at 48 but that does not mean he won't pull it and move it lower for cheaper shares.
I'm now starting to lean bullish. Per the L2, the MM ARCA has put in a massive bid at 48 while not on the ask at all. That would mean he wants more exposure to CBAI rather than trying to hold it up to sell his current shares into.
However, the chart still is weak intraday contrary to the stock price move up. the move up is low volume so it can not be trusted. tread carefully as a low volume pullback (assuming ARCA gets his shares and moves lower) is definitely possible.
I added today but and will aggressively add more if the chart strengthens intraday like the last run-up. Half my position has a tight stop loss while the other half has a looser stop loss.
you're right to the point that its not strong...the buying volume is very weak going up just like it was going down so don't trust it yet.
so everyone sold at 75? Interesting as the a/d line, obv line, and the shear volume of the green days versus the low volume red days says otherwise.
are you working with insider info to know that? thats the only way i can see you making such a statement
Sounds good buddy...good luck
It worked for the run-up last week. It is all about "odds." Technical analysis helps you determine risk/reward potential based on the psychology of what is going on in the stock. Nothing is perfect or a sure thing but it gives an edge and an edge is what is necessary to make money.
MarketGuy on SeekingAlpha and I made good money in CBAI last week when I noticed the bullish activity on the chart, he confirmed it with his analysis, and we both jumped in for the momentum run. So to say it doesn't work is simply not true but, to say it works all the time would be a clear lie. It's all about odds. Knowledge is king. Good luck either way.
Intraday Chart Analysis for CBAI. Bullish divergence forming with underlying accumulation even as the price drops. Look for the bulls to mount an offense soon else they risk a shakeout.
Chart
post 402 has a link to one of my charts on GTE
in this market...I'm keeping relatively tight stops. I don't like publicly putting it on a forum where my stops are unless its a larger cap stock but my stops are tight in a market like this. Sometimes you get stopped out early...sometimes you dont. its about discipline and long-term endurance thinking than trying to hit homeruns though. Protecting from large losses is the utmost importance. Thats how my strategy works. I try to find high volume stocks near 52 wk highs to run momentum trades if the chart looks appealing and the news is worthwhile. If its near 52 week highs...its likely got a good foundation under it so no reason to think that just because its a 52 week high that its done moving. I'll search for stocks with strong morning volume putting it in position to easily break its normal volume averages...that shows me something is up and I can profit anywhere from a few percentage points to a lot more if I'm lucky.
To say luck isnt about 50% of an investment strategy would be a complete lie. You put the odds in your favor as best as possible and the rest is luck.