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Yeah me too, but I'll be honest if I had the free cash I'd put that seller out of his misery and blow this thing out myself. Would only take about $10,000 or $15,000 to pop this above .0074
The technicals are setting up for the 9 to cross the 20 week MA this week, or at least they would if it wasn't for morons eager to sell their 20,000 shares at .006.
Wish I was rich, I'd have so much fun in Pinkland.
IMO it'll probaby take a rest at .40 but longer term could easily see it going much higher. A couple of weeks ago I heard someone who predicted the housing bubble mess talk about how RE was bottoming, so I thought long and hard about the best way to play that. Then I thought about FNMA which I hadn't been in since 2009 (flipped it .30 to .90) and decided it was the best way to play it. Checked out the technicals, and BAM got my order filled at .22. Should be a fun ride. :)
A lot of support at .0017, resistance at .002...just a waiting game to see which one breaks.
I still can't believe this stock is so cheap, but as a tech guy I see why. That selloff after the spike to the .003s a while back really set us back. As much as I love pennyland, I hate it at the same time. Too many weak hands acting irrationally.
Yeah, 90% in two days would have been nice, but alas it wasn't meant to be. Hang tight, this going to get real good, just won't happen over a day or two.
Are you kidding, it spiked about 40% in a day yesterday, and a small pullback from overbought conditions is a problem? Most stocks don't go up in a straight line, you gotta expect a dip now and then.
Or to put it another way
Q: Why is this stock falling today
A: So I can buy more.
Well, yeah that's why I said 'the foreseeable future'. Down the road could be, especially if gold cracks $2000/oz.
Near term, it's almost impossible to think that PCFG would go that high. .12 by the summer seems reasonable, and would make me very rich. :)
Probably not much he can say definitively. They're probably in the hands of the accounting firm, being finalized. It's been less than 45 days since the 10-K came out, doesn't seem like it's been an unreasonable delay. I'm willing to bet we get something late this week, early next.
Based on the price action lately, I can't believe how impatient some people are. Selling at .005? Really? Bunch of numbskulls in pinkyland.
BTW, nice reverse H&S setting up on the chart. We'll look back at this in time and realize how bullish that really was.
I think $1 is out of the question in the foreseeable future. It would take a monster piece of news that seems unrealistic (2000 oz gold/month kind of news). IMO you shouldn't be playing this for the next PR because there is no guarantee one is forthcoming, but should be getting ready for earnings reports 3/31 and 5/15. Any PR before then would be great but no guarantee it'll do much for the stock price.
IMO, .02, .025, and .032 are realistic sell orders if you want to try and flip it before earnings, but I think this is going to grind slowly higher to .02 before 3/31 and break out if the numbers are good. Any update on production numbers would obviously be a game changer, so I'd be careful about setting your sell orders too low. I've got one in at .032 for 1/10 of my shares, another at .05
JMHO
GL
I'm not sure if it means a real move higher is in the cards right now or not, but it does I think confirm the bottom of the trendline is now at .015, over time I think this moves much, much higher but until the company announces figures for Dec, Jan, etc I'm not sure what the catalyst will be for anything but a slow steady climb. PCFG slowly cutting through resistance though, getting ready for a big move somewhere down the road. This dip has been the buying op of a lifetime IMO, and I for one have taken full advantage of it. Now it's just a matter of sitting back and waiting. I never can understand the stupidity of people who continue to sell at ridiculously cheap levels because the company hit a few snags in their first few months of active mining operations that have since been resolved according to the press releases from late Nov, early Dec. But for some reason many traders in pinky sheet land need to get their hands held instead of anticipating what's coming. Same thing with SNEY, just a matter of days/weeks before the missing 10-Qs are released, the CE gets removed and the company moves towards getting uplisted to the OTC, but it can't seem to break out. But that's the way it goes.
GL all, and be patient. If you sell here, you need your head examined.
I thought about doing 1) with some shares but decided against it since I'm sure I'll regret having sold any in the long run. Besides, the bid/ask isn't always very fluid so it doesn't always seem practical, especially given the tight range it seems to be trading in. Also, with possible news out any day I don't want to run the risk of selling any right before the breakout.
I'm basically planning on doing a combination of 2 & 3 (mostly 3 but if I see a probable top in place I'll sell some so I can buy the dip)
Good point, I didn't choose my words carefully.
I think it's reasonable to believe that with the tubes and screw they have been processing since the end of November/early December based on the PRs. The recovery rate is definitely the wildcard, hopefully they will clarify that point sooner than later. Of course pink sheet companies aren't always known for the abundance of details. Worst case we have to wait til the end of March to get the first glimpse.
LOL, I hear that. Pinks are fun but the market tends to move the bigger boats better more predictably than the little guys.
I've been buying PCFG pretty aggressively though. If you read the news, the issues that caused the hold up in production they had last year should be in the past now. Going forward from December their mining should be up to speed now. Not sure if they'll release any official numbers until the K in March though, so it could be a while.
I know the day you're talking about. I remember it well, good times. Surprised me that SNEY sold off so hard coming off the back of that. I really thought it would hold the .007s but had no idea the K would take as long as it did to complete. Gotta love the pinksheets but shareholders need to be coddled sometimes or they just lose focus.
Risk, you in PCFG also?
Those are the Qs that I'm talking about, the ones we're waiting for. I'd figure they have one or more down in the next week or two, or maybe as Risk said, they wait and release them all at the same time. Either way, they knocked out 3 Qs last year in a matter of two months after appointing the new accounting firm, so that seems like a reasonable scnenario now. Would put a possible end of Feb scneario in play.
It wouldn't surprise me at all if they get released at the same time. Either way, I have no doubt there is a strategy in place which is why I've been patient during this 'limbo' period we're in. Good things ahead no doubt. Should be fun to watch the chasers scramble for shares when they should have anticipated the uplist and bought when it was cheap.
It's anyone's guess whether they are making a profit yet, but it seems reasonable that they are mining much more gold than they were in November and are generating revenue. The main hangup was not being able to use the geotextile tubes until the NDEP re-approved them after completing some required repairs. This was announced as being taken care of on Nov 28th.
My only question is how long we'll have to wait to find out how much gold they are currently mining now. After Jan, they will have had two full months to mine so maybe they'll give us some rough numbers. Either that or they are going to torture us and make us wait for the 10-K.
This dip has been a blessing in disguise for anyone who wanted to buy from the weak hands but I'm sure we're all ready to have it go back to where it should be.
Anyone who thinks they can predict when the financials will completed is just guessing. Best one can do is make educated guesses.
Based on the fact that the field work for the 10-K was announced as completed on Oct 4th, and the 10-K was released within 90 days (standard SEC turntime for a 10-K), it seems reasonable to think that at least one of the Q's might be done by the middle of Feb (45 days after the 10-K) if not sooner. The second should follow shortly based on how quickly SNEY has been able to release 10-Qs in the past.
Or if you go by another metric, the 10-Qs in June 2011 came out 5 weeks after announcing the new accounting firm. So it's possible that one or both of the Qs could be done by the first week of Feb (5 weeks after the K was released).
Neither of these scenarios is rock solid, but it seems reasonable to think that at least one of the Qs could be finished in the next week or two, with the other one to follow shortly afterwards.
Here's hoping. I'm getting sick of this churn and would like to see SNEY's share price appreciate towards something resembling fair value.
The abundance and eagerness of the sellers is perplexing though. I got a partial fill at .0016 this morning, but fortunately for me I pulled the rest of the order. I'm about averaged in at the bottom now so I can't bring myself to buy anymore in case it breaks down further. .0014 really needs to hold, if not intraday at least for the weekly close. Looks like it's close to a bottom based on the charts but this persistent weakness is perplexing to say the least. Time will tell, got to keep some powder dry in case it goes lower though.
I bought some yesterday at .0015, will add today as well.
I see a lot of posts mentioning dilution, a PIPE, etc. What evidence is there that any dilution has taken place? I haven't seen any filings about it, so is dilution a fact or just someone's opinion.
FWIW, if HLNT did have to sell some shares to raise cash, it's clearly not a big deal IMO, not a reason to drop the share price 50% in a few days anyway. Big buying opportunity if you ask me.
the problem seems to be that there is insufficient volume above .002 for any large seller who wants to unload, so they are forced to sell it down into a pretty thin bid. The activity in the bid/ask is absolutely mind boggling, watching orders get shuffled around. Reminds me of psychological warfare. LOL
"I myself would rather wait on at least 2 quarters of back to back revenue at the very minimum before committing significant assets."
IMO, the trick to investing in a company such as MMTC (no profits, but lots of potential) is to not commit significant assets, just put a small bet down on the potential for a huge return. By the time there are 2Q of sales reported, the share price could easily be hundreds if not thousands of times higher.
Honestly, if MMTC accepts the $2 million and future royalties from the offer they received in late October, you'll be sorry you didn't buy some shares ahead of time. But to each his own. It pays to be early in my experience. Much better than chasing and buying tops.
Exactly. Matching would be OK, but I think the expectation is for them to beat previous quarters sales, or at least may be the catalyst needed to break through that ceiling in the low .003's
Ideally they'll beat and do it with less expense, hopefully achieving or coming close to profitability. I don't want to get my hopes up on that, but it would be a huge plus.
Of course any positive new developments could be a catalyst as well. One thing is for sure, HLNT needs to stop closing below the 50 day MA. That would be a good tell tomorrow for how well or poorly the earnings report was received.
It's called psychological warfare. The implied 'threat' is that if SNEY doesn't release the 10-K or at least a press release, the bid is going to disappear. The price action tomorrow is the real tell.
$400,000 total sales would be OK, but not extremely positive IMO. I'd like to see any kind of profit, or at least total sales beating the last quarter. Last quarter they reported $470,000 total sales. If they can blow that out of the water it'd be good.
It's certainly weird, but in retrospect I can sort of see why. Something I've seen referred to as backfill, where the underbelly of the previous uptrendline gets tapped, which sparks more selling. That .0033 top seemed to do the trick. Definitely caught me off guard though. I guess everyone who wanted to buy blew their load on the Thursday breakout.
I guess now we're waiting on a catalyst. Hopefully earnings will do it. Technicals look a lot worse now, but not irreperable. A good earnings report would do the trick.
I assume you're talking about profit...any profit would definitely be a positive...but yeah $400,000 plus would be a huge positive development.
I was away from my computer when .003 broke down, but if I was there I would have been tempted to buy at .0029 or 8 as well.
Agree it did seem almost like an intentional effort to break the chart, but at the same time if the bid support was there it never would have been possible to break it down to .0024.
I was dissapointed that it wasn't able to close at .0028, thought that was an important number to close at for the week but I try not to get to wrapped up in small anomalies. The price action this week will tell the story though. Earnings are clearly the catalyst. HLNT is poised for a breakout (50 day is support, MACD signal line has been positive during this sideways stretch, other things as well) but if earnings aren't what some may be expecting it may not play out that way...time will tell.
GL all
Technicals always matter, but they are not guarantees of future price movements.
The technicals changed on Friday from pretty wildly bullish on Thursday to more neutral on Friday. Price action today isn't confirming much, except that everyone is confused about the next move. Obviously earnings will the catalyst higher or lower.
Yup, no bid support and no inclination to push it past .0034 before earnings. I didn't expect that to break, but figured HLNT would churn the top again until Tues/Wed then make a move higher or lower. The price action this afternoon was unexpected to say the least, and it certainly damaged the technicals a little but I think that .0024 will represent a bottom that won't be broken unless earnings come in worse than expected.
FWIW, if .0024 does break to the downside, HLNT will most likely hit .0012 again. All depends on whether earnings are good.
Held today and added at .0025. Seems to me that a market cap of less than $6 million is cheap for HLNT.
I hadn't planned on it, but I didn't expect this firesale either. I couldn't pass up on .0025 so I did my part to put this ETMM fool out of his misery. I'll be very disappointed if others don't do the same. It's one thing to talk bullish, it's another to put your money on the line. 2.3 million at .0025 shouldn't be to hard for us as a collective group to take out. If I had more cash free I'd do it myself.
Completely agree, the wall that got knocked down at .0028 today was the big moment. We should see some nice follow through the next few days IMO.
GL to you as well, I believe our patience has been well worth it.
Uplist is a long ways away, but yes if/when they get the audited financials out of the way (it's been almost a year since they first mentioned it) then I'm sure Haseltine will fall by the wayside. Until then, there is little alternative to Haseltine.
I'm starting to wonder if the whole "audited financials" carrot is something they will ever follow through with. GRNO doing the same thing last I checked, but no financials ever filed. It shouldn't be so difficult to get the ball rolling. I own MYFT and won't sell what I own at these levels, but can't bring myself to add anymore. Too many stocks break the wrong way when they don't deliver financials as promised. Look at GRNO, share price collapsed because they lost all credibility. I'm not saying the same will happen with MYFT, just pointing out the risks.
10-K's are always the bitch of the bunch in terms of filing. I'm as frustrated as the next guy that they haven't filed it yet, but there is no way they went through all the trouble of getting the prior 10-Qs out of the way only to drop the ball now. It's been a little over a month since they announced the field work was complete, so it's just a matter of time before the 10-K is finished. They may not get current by the 15th, but I suspect the 10-K clogging the system will be done around then, and the remaining 10-Qs shouldn't take much longer after that. I think it's a relatively safe bet that by EOY their fully up to date and compliant. Just a waiting game now.
Anyone selling now should have their head examined. They are either simple, stupid, impatient, or desparate to raise cash, possibly all four. It's not like we're talking about a company that hasn't had any filings done yet (like GRNO, MYFT who keep promising but never deliver)
HLNT - Same technical setup as Summer 2010
before the big breakout. No guarantees we get the same size move higher, but this baby does look ready to run. I've been accumulating since Aug and now it's all coming to a head. The price action today was extremely bullish IMO. I don't want to get ahead of myself but we may be getting ready to leave the lower .003s behind. From what I'm seeing on the board today, a lot of other posters are seeing the same thing.
GL all :)
Even within the context of the existing share structure, it's unlikely to go to a $1 share price any time soon. A market cap of $400 million + would be great, but seems unrealistic at this point in time.
That said, MMTC is clearly a sleeping giant, both technically IMO and based on what I've been reading about them. Fortunately, I've been accumulating a small position the last few days because based on todays PR (which I did not see til after hours but I did notice the volume spike intraday) the share price should be much higher. Even at .03 (which still seems cheap but reasonable near term) I will have made a nice chunk of change, and I'm looking forward to hold this stock for a long time beyond that.
I've noticed that the lot sizes on the bid/ask for HLNT are notoriously unreliable. I've seen exactly what you're seeing, large trades at the ask but it doesn't clear it out.
That's funny. When I was a kid and in school, my report cards came out at the same time regardless of well (or poorly) I did. I'm sure HLNT will release earnings when they are ready to so, regardless of how good or bad they are. As long as they report by mid August, they are not delaying filing their earnings as far as I'm concerned.
BTW, I bought the dip aggressively today as I think it is a perfect opportunity to get more shares cheap.
Assuming Niko's stats are correct (which I believe to be true), the O/S count is approx 2 billion, making the current market cap of HLNT of $5,600,000 based on todays close of .0028
Even if you use the A/S count (unorthodox but just to illustrate my point), the market cap is only $7 million.
Either way, it's hard to argue that HLNT is overvalued. Everything about the chart makes me believe that HLNT will be much higher in the coming months.
The CEO never should have said that the audited financials would be complete in "6 weeks" (that was about 12 weeks ago). He just set the stock up to sell off when they didn't deliver. For what it's worth though, I am buying at these ridiculously low levels, not betting the farm just accumulating a nice position for the eventual pop once financials are done and earnings start rolling in. It's a gamble but one I'm comfortable with.
.02 - Sweet!
Thought it was maybe a glitch in my trading software, but stockcharts shows it too....nice move MTEK!