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ICEW--on the teeter totter
These kind of charts need to be watched. Low volume after a strong spike move and decline. Right on the 50 Day Moving Average. Risky--so usually you wait for the move up or down on high volume.
eagleeye, why do you like IDGE? Just the chart?
TIA
PALR,IDGE, DCUTE are all ones to watch for the "Lazarus" effect.
I hear that DCUTE may get its E removed soon.
IDGE is acting like ONEV before ONEV ran. IDGE volume is building...ran up to .0029 today and then fell back. JUst like ONEV did at .017
PALR biggest drawback is they use Equitilink pumpers- same guys that pumped HYTT to .08--now subpenny.
USEG is in Coal Bed Methane in Pwder River Basin--and own a 22% interest in a privately held Coal Bed Methane gas co. called Pinnacle Gas Resources. www.pinnaclegas.com
CRZO has oil and coal bed methane gas interests...and also owns 22% of Pinnacle Gas.
FPPC just announced entering into the coal bed methane gas arena in Powder River Basin.
USEG is near its annual lows.
CRZO is near its annual highs.
And FPPC just recently took off and has dropped back some--as the charts shows.
MYIQE looks interesting here too, Missy.
What do u think about your scan on this one?
FPPC chart looks the most attractive here...not near its lows...at support...turning back up.
FPPC, USEG and CRZO are three interesting small NG producers. All micro-caps...but they have production and assets in the Powder River Basin area of Wyoming.
Check 'em out.
Double bottom on USEG--now for the reversal
Looks like 2.40 would confrim the reverse. Is that how you would read it?
Watching ICEW, IDGE (could do an ONEV move, check that chart) for reversals.
DWLD is right at a crucial juncture here. Looks like it is being accumulated...and resting on the 10-day moving average. I am watching this one for another volume spike.
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I would be careful with DWLD,though. They are still on the pink sheets--but they look like they are trying to catch up on their overdue filings which put them there.
IDGE reversed today.
MAGR needs to reverse here....getting a llittle disappointing.
Patsy--Opinion on NXTI, please?
I read it as needing more volume--but could do a blue sky breakout..what do you think?
Triple bottom on IDGE
May be one to watch for a reversal
IDGE needs to turn here...but could have a lot of room on the upside if ti can get past .0059.
Thanks, Rig. MAGR needs to breakthrough .27 for a nice breakout blue sky.
Rig--What do you think about this MAGR chart?
TBRE looks green to me
Would like some more volume--if it breaks .045--hang on to your hats.
APPI chart
APPI is going again. Dallas--you in this thing?
http://stockcharts.com/def/servlet/SC.web?c=APPI,uu[l,a]dacayyay[db][pc50!c10!f][vc60][iLa12,26,9!Lp...
APPI is moving
Did well on PALR before. THanks for heads up.
APPI looks like it wants to run again--but I am waiting for a bid of .020 Your thoughts?
TBRE reversed....
GDLS--look at this one...bouncer manana?
TBRE
TBRE .04
[chart}stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=tbre,uu[m,a]daclyymy[pb50!b200][vc60][iub14!la12,26,9]&r=5474
NXTI 1.50
HLSH could get clobbered tomorrow.
HealthSouth Says Group May Force Bankruptcy
By THE ASSOCIATED PRESS
Filed at 4:39 p.m. ET
BIRMINGHAM, Ala. (AP) -- The acting chief financial officer of HealthSouth Corp. testified Tuesday that bondholders seeking quicker debt payments could force the rehabilitation giant into bankruptcy.
The testimony from Guy Sansone came as HealthSouth tried to convince a court to rule that funds holding about $2.5 billion in bonds don't have the legal right to seek repayment on an accelerated schedule.
Circuit Judge Allwin E. Horn III said he would not rule for at least 10 days on the question, which Sansone characterized as being vital to the future of the scandal-plagued company.
HealthSouth has been struggling for survival since a year ago, when the government accused the company and then-CEO Richard Scrushy of overstating profits by billions.
HealthSouth filed suit earlier this month in its hometown of Birmingham seeking to keep bondholders at bay. It contends bondholders previously waived their right to accelerated payments.
Sansone, a managing director with the turnaround firm Alvarez and Marsal, said repaying bondholders on an stepped-up pace would throw HealthSouth into default on other debts.
``We believe that acceleration would lead to a Chapter 11 (bankruptcy), which would be shameful after all we've been through,'' Sansone testified in a hearing.
Evidence showed HealthSouth has offered bondholders a premium of 1 percent -- $25 million to $27 million -- to waive the right to accelerated repayments, but creditors want as much as 11 percent, or as much as $297 million.
Under questioning from bondholder attorney William Brooks, Sansone acknowledged that HealthSouth was still months away from giving creditors and investors annual audited statements to verify its finances.
Instead, Sansone said, HealthSouth is giving bondholder advisors frequent financial updates. Sansone said those reports are better than statements filed with the Securities and Exchange Commission.
``I don't think that's true at all,'' replied Brooks, noting that the HealthSouth reports include disclaimers stating they may not be correct.
HealthSouth has $650 million in cash and is trying to get back into a growth mode, Sansone said. The company is ``substantially'' better off than it was when the accounting scandal broke a year ago, he said.
``It was in chaos,'' he said.
Officials have completed the field work on a forensic audit to determine HealthSouth's finances, Sansone said, and a special committee of directors has the information. The company hopes to release statements for 2003 by the end of the first quarter of 2005, he said.
The company has said it expects the forensic audit to show earnings were overstated by as much as $4.6 billion over a decade.
Seventeen former HealthSouth executives have pleaded guilty in the fraud, and Scrushy is free on $10 million bond awaiting an August trial. He has pleaded innocent.
HealthSouth calls itself the largest U.S. provider of rehabilitation therapy, diagnostic imaging and outpatient surgery center. The company has more than 46,000 employees and about 1,700 sites in all 50 states and abroad.
Anyone in this NXTi? Not alot of volume--but it has gone up every day for a week--no big moves yet.Just curious. Sometimes I want to be the first one in....and sometimes I want to have some more company before I go in.
LOL
NXTI looks like it is reversing
Chipped, watch ADVR here for a reversal
APPI was a nice trade. Looking to get back in.
What are you expecting next from APPI. Dallas? Those McMahon TV infomercials are due to be out.
XYBR may be good to watch for a reversal or bounce.
RDVN chart is showing a turnup after a sell-off. Bottom reversal anyone?
USEG is another natural gas play that looks like is turning up too. Not alot of volume, but looks good for a 20% trade.
APPI looks like it is consolidating here. It will be important if it trades higher into the close.
IPVO on the teeter totter
If the market bounces--I bet IPVO will too.
PAYD looks good here---
IPVO looks ready
USEH moving again...what do you think? Head fake?