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Crude oil broke an all-time high today above $75 yet natural gas prices dropped almost 5%. BIGN's production is almost overwhelmingly natural gas isn't it? Can anyone shed any light on this? It seems the drop in the SP today coincided remarkably with the drop in the natural gas price.
I wouldn't expect Monday to do much of anything with sluggish pre-holiday trading. Nor do I see any magic with no news by 7/11, if anything the stock could slowly trend upwards in anticipation of major developments forthcoming. No need to paint oneself into a corner. The stock will do what it's going to do when its ready.
Arch, you're unhappy. Perhaps you take up alcohol.
I was born and raised in Springfield myself.
Hopefully the stock will bounce off the 50 DMA at .0125 and consolidate. Oh, we all well know the sucker rallies SVMI has had the last few months but this may just be a pause. I expect a PR later rather than sooner but since it got to be a foregone conclusion (me included) that the stock would break down with no 6/21 PR it didn't happen. It may take time but I believe SVMI will come out OK here.
Waverider, re: crude oil correction.
I'm looking at the possibility that yes, crude has hit its Wave I top at the Katrina high of $71 last September and has been in a running correction since then, whereby crude even hit the $75 high in April that was higher than the Wave I top within the confines of a running correction, a sign that crude indeed has been strong. In fact, crude has shown surprising relative strength compared to other commodities.
Under this premise crude has been in a primary Wave II correction for almost 10 months now. The commercials in crude has continued to pare down their short positions recently.
Natural gas, on the other hand, looks like it had a quick run to above $7 and pulled back, appearing to hit a higher low in the process.
BIGN at .04 on good volume. Hard to believe.
You bring up a point about PBLS's latest acquisition. Anywhere else in the country I ould have great misgivings about being involved in anything real estate. Longer term, two years out, unless this firm's skills can be transferred into other uses, this firm's usefulness will be tapering out. All in all, without more information, I was less than enthused about PBLS's acquisition of this firm.
KSWJ on a roll today, closed at .0006. More selling at .0004 bid and buying at .0007 ask. $20 a share is coming soon. There is no company, but the stock will still go to the moon. This is one of the more curious examples of investor behavior I've ever encountered.
It looks like the beginning of another downleg in the stock. Just picked up another 200K shares at .027, I'm guessing we'll go down to test the lower .02s at this point. Just the natural way of pinkies to sink without news. The stock may eventually turn up with rising natural gas prices like AMEP is. News always comes later then you expect, so maybe July or August, probably be best to turn off the computer for a while.
In looking at the chart I think a spittin' possibility is a panic low near .02 which would set up a nice inverse head-and-shoulders patern with a price objective of .06 upon a breakout above .04. This is my 2nd choice obviously compared to a cup-and-handle which would break up and out earlier.
I'm bettin' you get your chance at .025 or less. Never underestimate the power of fear and greed.
People know that if they have the company buy back their shares at .03 they have to first get their certs (6 weeks minimum) and 30 days (likely more) to get paid by PBLS. It's the opportunity cost of dead money and my bet is that people will sell now rather than wait 'til Labor Day for their proceeds.
If it does hit .025, though, that blows in a hole in a cup-and-handle scenario for the stock.
I think while PBLS sorts out this hornet's nest BIGN, which is farther along in its correction, has probably bottomed out and turns slowly north here in the weeks ahead.
There might be some agressive selling over the next few days. I'll start nibbling by mid-week when we get an idea where the share price is headed. Don't want to move in too quickly, e.g., BIGN dropped from its highs first to .035 or so then had a 2nd move down below .03 where it appears to be stabilizing.
I think it's going to be important to buy right here. I'm still cautiously optimistic but my longer-term expectations for the stock are not as high as before. And I think the OS could come higher than I expected before.
Westeffer,
I remember you from the VRDM board back in April. Can you believe VRDM is almost back down to the price range it broke out from - closed today at .068.
I see AURC has been showing great relative strength against the other golds, up almost 50% in the last week or 2.
What do you see now as having the best potential?
Good luck.
I'll buy more shares if we get to .027 and more if it gets an intraday pop down to .025. But at any rate, I'm going to be more proactive in profit-taking on a portion of my shares as I don't have the higher level of trust in management that I had before this incident.
Almost without fail whenever there's a run in a penny stock it pays to take significant profits so that if you're caught in a situation like this you have some dry powder to buy back in if the situation warrants, or at least have some profit at all when the situation looks murky like now as to whether to get back in at all and look for a new play.
In the short term there might be a bloodbath, still wouldn't be surprised to see a drop below .03. SOmehjow I'm not surprised, a great many pink sheet companies burn the shareholders relentlessly, even the most respected.
PBLS now at .031, hit a low of .03, reversed the entire breakout, back to square one.
All the pennies have been hit hard lately.
FORDGT, you have been exactly right on this stock's price action.
When it came off suspension it was trading say between .0001-.0003. And now, 6 weeks later, it's trading at ...oh, .0003. Yes, it's made the "turn".
Despite the fact, the "company" doesn't exist, CEO in hiding, no address, can't be found. Your stock picking ability needs possible refinement.
Asus, to me it looks like we already have a cup and handle in place. It looks like from .041 in early Feb to .039 in early May was the cup and from that .039 in May to .04 today was the handle.
It might just break out directly from here, it's not like it's had a massive run already.
Share price at .037 now. It touched the previous high at .04, now all indicators are massively overbought. This was a pretty puny breakout out of the symmetrical triangle but at the same time it may only retrace to the breakout level at .035 or so, we'll see This sonofagun has the potential to move big time.
PBLS has only risen one cent in price in its recent up move and has just edged up out of the multi-month symmetrical triangle. The stock is just on the verge of breaking out on higher volume and I think we go further before a pullback to test moving averages.
FORDGT, that's a terrible, chaotic-looking chart, besides all the million and one red flags.
To me it still looks like dilution or shorting. Time will tell down to what price this pup will be driven to -- 3 or 4 cents?
Can't say as much about AURC but I don't plan to distribute profits from PBLS into BIGN. I think that one will do as well or real close.
Walker, are you thinking some now-available formerly restricted shares are now being dumped on the market?
Still seems like an endless number of shares for sale.
It looks like PBLS is poking away at breaking upward out of the multi-month symmetrical triangle. It looks like at about .036 it will be a breakout.
I'm someone who missed out on the last run and waited for the pullback from .07. I'm currently in at an average .039 for 335K shares and don't share your short-term pessimism. All is this is forming a new base and rise in a nice bullish upward inclining channel. Light volume on a pullback is the best of all possible worlds waiting for further positive fundamental developments.
This is just a difference of perceptions as to whether the company can launch the product according to the promised schedule. I believe they ultimately will be successful in that but the big question boils down to timing.
Myself I intend to take advantage of lower prices if the late June timeframe is not met and the stock price falls accordingly to earlier support at .0025-.0030 but find it personally risky to buy in at this point based on management's history so far. It's all a matter of risk assessment.
GLTA.
"Sooner or later..and I believe sooner..this stock will find its base...Can't keep drifting down forever."
I take it you haven't noticed that BIGN has hit higher lows the last 2 days. To me that indicates the beginnings of basing out.
Fairly high-volume selling. Dilutive selling certainly cannot be ruled out -- whenever there's a rally attempt a wave of selling hits.
This pullback after a run from .02 to .07 seems completely normal, especially on news - buy on anticipation, sell on news so it goes. You can't expect something to go straight up. In today for small 100K position at .039. Technically this pup is now way overbought and I wouldn't be surprised if it consolidates in the .04s for 4-6 weeks.
If pullback dips again to .035 or thereabouts will buy more.
Very wide bid spread -- .09 X .115. Someone wanted to get in now.
Flsun, you have some good comments.
The points I'm making is that buying at the higher price levels of April-May has so far yielded very high % losses with a plummeting stock price caused by massive dilution which I think could have been better conveyed by managament. Also, such aggressive dilutive selling whenever a rally emerged is a good way to obliterate investor confidence.
At this point I don't see a better way to get into the stock but a more risk-free lower price. You are correct, there is a possibility that I would miss a run in the stock price. It's strictly the way I look at the risk reward at this point.
This stock is in the portfolio buster category for one reason: managements' relentless tendency to dilute without being upfront to stockholders beforehand of the reasons and need to do so. Also, the recent pattern of coming out in a guns-blazing pattern of aggressive dilutive selling (to the tune of more than tripling the number of issued shares in short order) nipping any price uptrend in the bud. The uptrend is broken although we now have a bounce which may tag the 50 DMA in a best-case scenario. Sorry, I just don't trust Mario right now even though this may be a revolutionary product.
For those reasons in spite of the recent brouhaha about product launch being absolutely on target in the "spring 2006" I do not trust those statements. My strategy is placing large limit orders spread out in the .0025-.0030 range which was the congestion area before the March price spike and which I expect to see due to management's history of unreliable statements. I expect to see those price levels hit.
It would be very difficult to file patents from one's villa in Argentina.
Remarkable rise off the lows, SP blew right thru the 200 DMA at .0102.
Rookie,
It looks to me like NNLX has put in a bottom at 0.19 and I wouldn't be surprised if it started a slow, grinding rise from here until news comes out. The alternative energies and oils appear to be bottoming out across the board here.
The stock is at .0003. Perhaps you bought my shares recently at .0006. FordGT, I thinmk you are the market for this stock.