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With the glitch in the stock symbol
It appears that we have lost all historical data relative to prices and volumes dating back to July 2007. Perhaps it will turn back up tomorrow?
Luckily I anticipated this and by early afternoon had downloaded all historical data from July 2007 to the present onto a spreadsheet. I had already archived data from early July 2006 forward before it disappeared with the name changeover in July 2007.
So we now have available a complete (well almost, I'm missing a couple of days) database (7/2006 - 7/2012) that can be shared with board members. Unfortunately, because of "jumping the gun" I am missing data from around 1:00pm to today's close.
I sure wish that CAPC chart were right
Yessir, a jump today to 214p would have been nice.
But please don't depend on it - we have a definite problem here with a crossed identification.
Somebody jumped the gun and SNAFU!
CAPC/CHDO information is now screwed up
The stock symbol shoul have changed at the open tomorrow but somehow that old gun was jumped and now we have a glitch that we can only hope will be not too difficult to resolve.
Because the changeover had not officially occurred, notifying iHub to change the symbol in advance has now confused the stock with a English company called Capital & Counties Properties PLC
They also use the symbol CAPC but because it is traded on the London exchange it carries the symbol CAPC.L or CAPC.LN
Hopefully the change will occur automatically at the bell tomorrow, if not, we got problems.
Good Grief Dave, I actually agree with you.
you encapsulated some seriously good advice:
I agree this should be a buying opportunity
Lucy, posting that the present price is the lowest we have seen in several months and that this could be a good entry point is probably a safe and sane way to celebrate the 4th,so to speak. I don't mind passing this on.
But we're still sitting with millions of shares available at a very low ask and until the current trading situation shakes out and stabilizes a bit, I feel we should hold off on firing too many big guns.
The time to push this stock will be when we have some numbers to ride along on. Then all the pretty new toys coupled with the pretty new websites cab be dusted off and trotted out to wow the prospective investors who hopefully by then are at least nibbling at the tasty bait of succulent new revenues and earnings.
While I sincerely hope that this will occur coincident with the release of the forthcoming 10-Q, I am prepared to wait till later in the year, if necessary.
The L2 can be misleading on Penny Stocks.
For example, as I post this, there are over THREE MILLION shares available on the Ask at .009.
Many are moving at that price with over 1.5M traded so far today
I'm amazed there are not more bargain hunters out today.
Thanks Lucy
Sorry I don't have any predictions at the moment but let's see how this shakes out over the next couple of days.
Good Morning CHDO
(Won't be able to say that much longer.)
Should be an interesting day. Pre-open bid/ask is .009/.0091 but this may change at the bell. Question of the day, will our big seller return to finish dumping at sub-penny?
Happy Canada Day
Y'all may not believe this
but at the moment I don't have an opinion as to exactly what is going on.
As far as buying more, even at this price, well I have more than enough right now. I believe this could be a good entry point for new investors BUT I would wait a couple of days for this thing to shake out and settle down. There are way too many shares for sale, even at this depressed level, to call this a bottom
It's academic anyway, I can't see new investors flocking to buy a stock in the middle of what could appear to be a bloodbath.
Frankly, the stock broke harder and faster than I anticipated so I'm going to the sidelines and wait for a clearer view.
Still digesting the import of this week's PRs?
I'm afraid there must of been some Salmonella on those PR's Flp, because instead of digesting them, based on today's action so far, it appears some were unable to stomach them.
And to think some of us actually tried to tell folks that it was going to take more than "pretty pictures" to offset a downtrend.
Isn't this amazing? The markets are soaring today
And we're only now getting some discussion started?
The first 200,000 bought at.0091 were mine
As posters here should remember I have stated, and repeated, that I have had a GTC in effect at that price and at that quantity for several weeks. That's why my buy was the first to execute at that price today. I don't know how much more "transparent" a poster can be. Remember this?
Dog, Your optimism is clear and uplifting but:
That's kind of frightening
When you have three times as many people wanting to get out as want to get in ..........and nobody was willing to pay them even a penny for those shares.
Does kind of indicate the lack of any dramatic effect from the recent PR's, doesn't it?
Huh?
Volume was 20 times the average daily volume
I don't know what caused it either but if I had to guess, someone may have leaked some Q-2 results.
The day's loss of 9% was insignificant as the stock was bouncing around between .010 and .011 on large trades. The trend however was down toward .010.
Perhaps the most disturbing thing for those expecting some positive results from the new website display is the fact that shortly before the closing bell there were more than a million shares for sale at .010. Coupled with today's trades, it appears there is at least a momentary orderly stroll to the exits.
While I have been predicting that recent MM signal trades forecasted an increase in trading activity, I too was surprised by today's quite significant volume.
The company warns against undue optimism
The new Capstone Website is very attractive.
I believe it will be a great tool in the promotion of Capstone!
I believe the "name change" can also be used as a tool in the Promotion of Capstone.
But tools like these become only pretty, but useless, virtual wall hangings without something to use them on.
Savvy investors do not purchase stock on the basis of clever names, nor "pretty" presentations. They look at NUMBERS!!!
Having the "tools" to shape and polish and supplement the raw data is certainly beneficial, almost mandatory, and Capstone (through KEI?) definitely deserves praise and credit for the current effort.
Now they must display some attractive 1st quarter results in the mid-August 10-Q or the tools won't have anything to work with and we can look forward to continued stagnation until much later in the year.
Those who believe that the "tools" by themselves are sufficient to start a sustained drive are, in my opinion, living in a dream world.
It's truly a sad commentary on the times
When we can say that CHDO, on a day when it did absolutely nothing, probably outperformed half of the other stocks in today's lousy market.
RVD, Opposite of "Golden Cross" is "Death Cross"
Good find Gerard, Nice looking site.
It's a work in progress as they indicated. But, it already includes several heretofore unadvertised products that previously were found only on the Newey site.
Everyone should give it a read.
Naw Dog, I'm neither jealous nor envious.
More power to the guy if he can score 750K at .010 (or .011). He kinda stepped all over my .0091 bid (which is still active) but that's all right. He wanted those shares more than I do at the moment and is willing to pay a higher price. I believe he is making a good buy for a long term play. I doubt he has the least intention of "flipping" because with the current low volumes, getting out of a CHDO position can be a real hassle and likely self-defeating.
I agree completely that it is going to take some serious attention to the fundamentals you mentioned to kick-start any excitement, particularly until we can overcome the onus of having to explain away the first quarter.
So hang in there for the long haul and GLTY.
Lucy, what is your point?
Going on and on about what you, iHub, or the world in general consider a buy or a sell is simply off point.
Perhaps you ignored this from my yesterday's post to which you were responding???
Lucy I understand your confusion?
First, you said:
You (and Scottrade) were right about .010
Good catch - keep us honest!
Whoops, Sorry! - I missed some trades.
The stock closed at ,010 and not the ,011 I just posted.
On the bright side I found I had also missed a few thousand shares that did trade at 0,011 thus making Lucy's nice compliment even more appropriate.
Have a good weekend!
Thanks Lucy, nice of you to mention it!
Sure enough, a "couple of hundred thousand shares" traded today and the stock did close at ,011. Looks like our bidder may indeed try to complete his 500,000 buy in this range.
Look's like I was "close enough for government work" once again.
The 1100 share trade ($12.10) was a "signal"
Our buyer is still looking for 500,000 shares and it appears that an MM is beating the bushes to come up with some more to help him out (or "in" as the case may be).
Ironic that this little trade occurred at the price I've been calling for a couple of days. I still expect to see a decent quantity trade at this level.
Well, the impasse finally broke somewhat.
The 750,000 share potential buyer was able to pick up 250,000 shares at .01 after the seller blinked slightly. I still feel that .011 is the trading price that would generate more momentary volume.
Interesting that he picked up 250k when there were on;y 27k on the ask.
Yes Diz, I am hopefully optimistic
about the 3rd quarter. The problem, as I have repeatedly stated, is that those results will not be officially published until mid-November.
Unless we have an unexpectedly spectacular 2nd quarter I can only see us remaining in the doldrums, or worse, until then.
However, this should provide some buying opportunities in the interim for those who understand stock trading.
Good Morning CHDO, Looking at the overall market
and its terrible recent decline, CHDO ain't doing too bad right now.
"Spectacular Revenue News" is whatever you would like
The key word is "Revenue" and that is as opposed to name changes, or social media sites telling everyone what a wonderful stock this is without some $$$ numbers to back them up. I would also hope that IF there is a positive surprise in the works, it will not be diminished by some early revelation preceeding the 10-Q and CC.
I have stated the name change is a good tool. It is not a panacea for all that ails the stock price. It is not a game changer.
Only 25,000 Shares traded sub-penny today.
It appears the .095 bidder has raised his bid to .010 and still wants to buy up to 750,000 shares. I continue to believe that if buyer and seller compromised at .011 we would see some trading take place.
This would also probably erase the Strong Sell that Barcharts is maintaining at the present time. I noticed today that they have lowered the rating even further having finally reduced their "Trendspotter" (Composite Indicators)from a "buy" to a "sell".
While it would be nice to ignore this type of news and hope that nobody else sees it, it is a little difficult to condone when Barcharts has been quoted so extensively on this board when the indicators were favorable.
Good idea Sheep
Ride the bid side! As you realize, when a stock is in a downtrend you certainly shouldn't deny the trend. Nor is it minimally intelligent to fight the trend.
When a stock is on a solid uptrend with momentum, buying the ask makes perfect sense. It adds to the momentum and it gets you stock at a price you might otherwise miss.
Without some rather spectacular revenue news in the interim I see nothing stopping this stock from drifting further down until at least the next 10-Q. And if this current quarter fails to produce sufficiently to offset the 1st quarter results well - look out below - the next chance for uplifting empirical data will not be till mid-November.
So there may very well be many chances to pick up shares of CHDO (or its new symbol) at lower prices than we are seeing now.
Good luck bid watching!
There has been considerable discussion
over the past few months of the desire for a name change, and subsequently the events leading up to today's confirmation of the name change.
Their is little more to discuss at this time. This change will be a useful "tool" to both corporate and KEI in promoting the stock with an enhanced degree of name brand recognition coupled with a more apt stock symbol. It is not a cure-all for all ills.
Those who have been out of the loop on the previous discussions may want to review what has already been said and done to avoid repetition.
Lucy, it appears you have reconsidered
what you rather emphatically stated just a few weeks ago:
Barcharts drops CHDO from SELL to STRONG SELL.
http://www.barchart.com/quotes/futures/CHDO
Personally, I feel it is a bit silly for one $95 trade to trigger such a strong and sudden negative reaction but Barcharts has been referenced many times on this board as a reliable source of Technical Analysis.. Around the end of 2011 Barcharts even spent several weeks on a "sticky"; at that time it had CHDO as a BUY.
Had the two stubborn "bidder/askers" today simply compromised on a trade at .011 the rating would not have dropped. That would have meant one of them would have spent approximately fifty bucks more to buy the stock and the other would have received about thirty bucks less for those 33,000 shares that were for sale all day long!
Oh well, maybe tomorrow we'll come all the way back up to just a simple "SELL".
Looks like there it is!
Nearly 700,000 on the bid at .0095 which was also the price on today's initial 10,000 shares.
Good Morning CHDO Today may be interesting
if that 500 share trade yesterday did indicate that someone has at least a fairly large order in to buy (or sell) a chunk of CHDO.
With the low interest we have seen in trading CHDO on most days recently, this could take some time to complete
(And we have a 10,000 share trade at the opening to start the day)