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Holding up suprisingly well imo. Figured everyone and their dog would be selling but buying is holding stronger. Not bad. Lets see how the ad campaign goes and the Q.
Look like we open at .72 with a hand full of AH buys.Lets see how the week goes and some solid pr's. Doesn't take much to get it moving either way. Little oversold imo.
It is all about improvement. Yes a loss is a loss but are the eps improving year over year quarter over qaurter. Time will tell. I believe it is due BY the 15th. glty!
Call it what you will but this company actually stands up decently to the CANSLIM guidelines Oneil sets albeit OTC don't really count. I have read the book too. revenues lead to profits. great management leads to a strong co.
C - Current Earnings (.03) 3mo ending june 30 could be better but looks as if we are moving in the right direction
A - Annual Earnings (.04) year ended march 09 needs to be improving by 70%
N - Something New - how about dramatic increase in revenues or Mr. Choate for that matter.
S - Shares outstanding 128mil not horrible for OTC co. but not 25 mil
L - Leader - RSI over 50 and price rank is at 69 (lower than 80 but not bad) above 69% of other co. in group.
I - Institutional Buying - ranked at 105.9 (high)
M - Market Overall - 102.2 stocks scoring over 75 tend to move in direction of the trend
JMO of coarse.
We can see you know what your talking about.
Looks to be about the same time to me.
A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
http://www.investopedia.com/terms/c/cupandhandle.asp
You can see just how quick this can move. During a business call today I missed a .20 move. lol oh well have to hit the ask in the morning to add a few more. glty builder
Its kinda funny how todays PR barely stirred a peep with regards to the stock price today. The last home mold remidiation I did (last spring) ran $74,000 yes $74K. Mold can be one of the most destructive and costly forces in a home. In my opinion mold effects thousands of times more people than bioterrism (thankfully). But the market for such an item is huge. Homeowners can now have the added benifit and costs reductions of finding and mitigating the problem. Get em out there boys and girls. Another strong revenue stream will follow.
Very nice chart epic.
That gap being filled is key to sustained highs. Glad it happened and picked some up down in the dip. uptrend continues imo
Here is a buying op on a low volume dip
Nice post on the handle.
It is very good imo from these levels. glty! builder
Approaching the get back in time. Can you say a "little" panic selling. The irish banks will be just fine imo. Much rather be here than BAC especially at these levels.
This is ready for a move. Exactly what was needed in the past few days. Consolidation. Held above floor very well. Watch as the 50 crosses the 200 SMA. Not to sound dramatic but its off to the races imo. Based on technicals. Fundamentals are greatly improving. Call it a value.
This has the momentum to move higher and stay there. Covering not to mention the chart is looking great. Moving from oversold with a lot of upside room. Looking for PR this week if the adage of PR monday brings more in the week holds true. GLTYA! builder
From PR. "Highest They Have Ever Been." That's a phrase I like to see. Revenues lead to profit.
On a brighter note, Q4, the busy season for Buggy World and most retail
companies, has started off with a bang and is shaping up to be the best
quarter in Buggy World's history. Thanksgiving begins the prime retail
season for the off-road industry, which typically ends Memorial Day
weekend, and pre-season sales are the highest they have ever been,
suggesting a very strong season.
Sales for our new partnership with www.CountyImports.com have also started
coming in. We will begin releasing our Internet sales figures to the
public on a monthly basis beginning in November.
Think we have a gapper in the morning. Strong late day buying. Open at .24 (post split). Also like that update to forth quarter projections for sustained uptrend. :) GLA. builder
Anyone here? another hammer. Moving up.
Patience will reward here. Buy the dips. Look at the chart. imo
I think the additive business end is getting ready to record some record revenue streams. Gas and fuel are edging up and many are predicting 3 digit oil in the coming months wether or not the dollar stays down. A 5 to 8 percent savings for a struggling trucking company can be the difference in profit or loss. It only makes sence that these companies will be doibg everything known to man to increase profitability without laying off their workforce. The savings can actually allow for the expansion of a company which is sure to get the attention of their shareholders. Imo the employment division of gngp will pail in comparison to the oil division. JMO builder
IMO the 50DMA is a very strong floor. It is also rising. You will also see that the prices have been finding support at the 13DMA which is even better confirmation of an uptrend.
The charts are set up technically speaking (although some don't think charts play a role in a pink or otc board) I strongly recomend them.
By the way I am not a pro at this (yet). But I take classes and try to further my understanding. Going to options school soon. The minute you think you know it all is the second you loose it all.
Think of the recent price movement in the theory of a rubber band. You can only stretch it so far before it comes back. Look for the areas that (floors and ceiings) that you feel provide support for the rubber band to come back to. If they hold enter. If they dont look for the next floor.
Volume plays a huge factor in charting. High volume spikes indicate big boy buys or sells. Low volume down days are a good indiacation of consolidation.
13DMA has crossed the 50DMA (lets call that the silver cross)
The price bounced off the 13DMA today. That is great if you hold the 13 the uptrend will be even stronger. The next floor is the 50DMA (Which i believe will form the golden cross within the next 6 trading days +/-). Some use a 30DMA as a floor to average out.
Also check out the Wilder's DMI. This can be confirmation. Rising green line with a rising black line. The higher the black line the stronger the trend.
Accumulation/Distribution can also confirm. Institutional or big buyers.
The trend is our friend here.
I will try to post a annotated chart over the weekend.
OT - might look into SNWT forward split rapidly growing co. (I do own)
These are just my opinions guys. Please do your own DD.
Builder
I am personally looking for a floor at the 50dma. Then we continue uptrend. Like to see the 50 cross the 200 in the next week or so. Buying accordingly. GLTYA! builder
Probably the T/A or IR company
Fantastic News. Plus they cleared up the ex date issue. Price will recover to post "freak" out stage. (had to get my Halloween pun in. GLTYA made my day.
Not a bad PR at all. Like the later part the best.
Watch the moving average. Buy at the bounce. Uptrend shall continue.
By the way the PR states it is not a mandatory split
I had about 10% of the buy volume today. PR please!
It is why I am here. The california oil finds are substaintial.
Yes I was wrong on the two anylyist. Just one but PR'd twice.
http://www.twotriangle.com/uploads/DBRM_Report_Oct_09.pdf
Got the same reply. EOD PR?
THink it may be ready to run. I hope. Seems the are trying to move it with the two new recent analyist paid coverages.
Thanks!
the stuff is in all those little light bulbs we are going to all HAVE to use in the near future. (CFL's)
Seems like I need to be checking recovery side of things.
It is also used in gold production correct.
I think cap and trade which will create as carbon commodities market bodes very well for this company. Tip of the iceburg.
http://www.cnbc.com/id/33008917
Alright looking for a mercury mining or producing stock. Any thoughts.
tia!
builder
Loaded and loading more. on a side note amne (i am still in and out) had a great run and is still holding presplit prices.
Have been in several other f-splits and you just can't really go wrong if you do your research. I know some that look just for these. Run in price is coming imo.
GLTYA builder
So post split...
My thinking on the split was to reduce the share price in order to make it more appealing to the new investor thus the uptrend will continue.
At least they didn't do a secondary offering that has been the flavor of the week these days and dilutes shareholder value.
Looking for share price presplit at 1.25-1.35 which puts us at .25-.27 post split.
Looking for PR's to follow.
Any thoughts on this...
Had to get rid of some profit takers. Can't blame them after all that why we are all here. Not to mention I would rather see an up trend and not a one shot rocket. If you did your dd then you bought for a reason. Remarkable story in the making!
Up 9% after hours. Filing out CEO granted options Oct 8. Now can we continue up? What a ride.
Callon Petroleum Company Completes Acquisition of West Texas Properties CPE.N
NATCHEZ, Miss.--(Business Wire)--
Callon Petroleum Company (NYSE: CPE) today announced it has completed the
acquisition of interests in Wolfberry production and development properties
located in Crockett, Ector, Midland and Upton Counties, Texas, from Ambrose
Energy I, Ltd., a subsidiary of ExL Petroleum, LP. The purchase price of $16.25
million is subject to standard industry closing adjustments. The effective date
of the sale is September 1, 2009.
The acquisition includes 1.6 million barrels of oil equivalent of proved
reserves, 23 wells producing 475 net barrels of oil equivalent per day, 4 uphole
recompletion targets, 14 proved undeveloped locations and 142 non-proven,
40-acre drilling locations.
The company will operate substantially all of the production and development.
Callon Petroleum Company is engaged in the acquisition, development, exploration
and operation of oil and gas properties primarily in the Gulf Coast region.
Callon`s properties and operations are geographically concentrated in Louisiana,
Texas and the offshore waters of the Gulf of Mexico.
It should be noted that this news release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements include proved reserve
estimates, future development opportunities and expectations regarding closing
of the transaction, and reflect the company`s current views with respect to
future events. No assurances can be given, however, that these events will occur
and actual results could differ materially from those projected as a result of
certain factors. Some of the factors which could affect our future results and
could cause results to differ materially from those expressed in our
forward-looking statements are discussed in our filings with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K, available on our
website or the SEC`s website at www.sec.gov.
Callon Petroleum Company
Rodger W. Smith, 1-800-451-1294