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lol t the car your gonna buy with your profits? I'll go in on a buy two deal if they got that sexy blue color - maybe we can get a couple grand knocked off!
Wow, look at that symmetrical triangle continuation pattern above! much clearer on ihub charts than on my cheapo stockcharts.com charts lol
It looks like all of the cards are stacked in our favor, was calm before the storm but it seems that the storm may blow us in the direction we desire! I'll keep in touch with any feedback though i'm sure we will all know the same info from here on out! Thanks!
Thanks a lo Jeoy, you've obviously done your research - very nice. Appreciate you taking the tie to run that by me. I agree with your statement on .01:.001 to .001:.0001 or whatnot - it's all relative. Obviously, the concern with reverse splits is not the change in equity as one can maintain proportionate ownership, but rather the concern would be the signal it sends out. In an upbeat stock like ACLP with serious prospects and a proven track record, I doubt the general view will be anything less to net bullish.
Until recently I've been more involved in FX trading, equities (normally NYSE/NASDAQ listed - usually tracking undervalued/overvalued securities, looking at forward PE's, etc.) you know the traditional Ben Graham/Mr. Buffet stuff.
Honestly, I'm weak on the fun stuff, such as M&A stuff like ACLP/ELP. Not to ask to much from you as your previous post was much more than expected and timely which I appreciate and owe you one - but if you happen to have any link/book recommendations and don't mind privately/publically passing them my way I would appreciate it! I'd like to learn a little more about them from a technical point of view - it's been years since I sat for my 7 and even longer since I finished my B.S., so I'm weak in the area :) Thanks again!
I agree they are intertwined complementary - normally they'd steal market share from eachother but considering their partnerships and all they should be relatively directly correlated - not to mention the fact that the general loosening in the regulatory environment due to decriminalization will be bullish for them all. This obviously goes without saying :)
Be Patient with this one! I love market fakeouts - It really says something when a stock is in narrowing rangebound action and then breaks out towards .02 but holds - imagine everyone watching this chart and as soon as it breaks out is when all of the dead volume kicks in, well our sentiment has been bullish so no reason to change our opinion - this is usually when the weak get faked out. Historically, emotional panic selling or greed buying occurs just before a large move where the smart money picks up the shares on sale from the little guy - let's be the smart guy this time around! I'm dollar cost averaging this baby all day - I'm already confident in REVI's fundamentals, strategy and competitive edge it's building in submarkets, setting the stage for it's position and future exploitable niches. Now with that said, I've been following the technical and we are at a solid support zone with multiple support levels from multiple indicators holding, including oversold territory, a true confluence of events. The gaps or windows combined with fib levels are what add bullishness to my already bullish view. We are currently at the top support level of the previous daily upward gap that occurred in the beginning of February. Furthermore, a much stronger support level can be seen on the weekly chart. If you open a weekly chart, you will see that around March of 2013 there was another large gap in which the top area of the gap served as the resistance that propelled us into this correction - well guess what folks...? We are currently at the bottom of this window/gap and a doji/spinning top hybrid candlestick is forming, not complete yet as our week does not end until Friday, but the body of the candle is very small with relatively small extremes reflected on the wicks - true indifference and a sign of a completed correction - This bad boy is about to boom - .10 is only a hop and a skip away in my book - enjoy the ride, leave those cognitive biases at home, remember why you took a long position before you take the short bus home.
I agree, but all publicly known data is factored into the price on charts - if it's a surprise piece of news like positive merger news then yes news driven - but in reality, I think that the insiders know about it and this info may seep to a select few and in some way or another be factored into the charts. Don't get me wrong, I agree with you but still think the charts help for individuals to get a second chance to buy in as shorter term/intermediate term retracements to fib levels, key support, pivot point levels, bolinger bands, or possibly EMA's SMA's can be used to enter. But you are correct that on big piece of brand new news can render ones tactical entry plan pointless if it's propelled so far away that the level will be a laughable ancient artifact. Hoping this happens soon! Any thoughts on Merger timing, views on when if you thinks it's going to go through. I know we are all here for the same reason but any objective opinions appreciated! :)
Correction: I meant to say if the company expects its good news to propel ACLP's price above the listing requirements, then a REV Stock Split may not be required***"
I know there are many post out there with opinions on when/if the reverse merger is still at play - please excuse my redundant response if it's answered in another post; it's just difficult to separate info from the multitude of posts out there. So, I've been reading through and noticed the beginning of May as a material date - I think it was related to the day when the new OTC listing requirements must be met - I believe a penny is required - correct me if i'm wrong...Obviously a reverse merger is no Bueno on it's own, but if the company expects positive news to propel the price above the listing requirement then a reverse merger would not be necessary. Would someone be so kind as to explain their thoughts/views to highlight where ACLP is in terms of the Merger/reverse split/etc.?
Do you think the merger is still at play as I read that reverse mergers are the preferred route for companies to go public in some cases as they are cheaper and quicker usually completing in 2-3 months - but we have exceeded this range right? I know that the view is that Gil has been strategically placed to facilitate the merger and that there are hints at the merger going through by looking at ticker changes and whatnot, but if anyone could put a summary of their rev merger and/or rev stock split views and timing up it would be greatly appreciated! Look forward to our continued collaboration!
Hi Army and everyone else! First off, I'm excited like you guys - This Valkyrie has finally risen out of its Valhalla to give us our long-awaited returns; it's going to be us, the patient, objective individuals that reap the benefits - I give everyone here props on your DD and creative interpretations and abilities to read between the lines and develop projections. Also, thank you all especially the ones that take the time to call the CEO's and contact the company directly (or attempt too) it's those efforts that separate the winners.
On that note, I have been tracking this thing for a while, not nearly as long as you "seasoned ACLP Trackers" but since the filing of the material definitive agreement to act as a shell in an RM" - With that said and in response to ARMY2014'S response, I agree with and confirm the .0024 breakout as a confirmation for a continuation - even better, this is a technical confirmation as the previous October 2013 high and is easily seen on a weekly chart.
IF ANYONE CAN HELP ME, I'm an Ihub noob and can't figure out how ot upload a chart. I have some good chart analyses with fib ratios and Elliott wave plots but can't figure out how to upload my charts; any help appreciated. It's possibly that we will rise and break right through the .0024 level, but tomorrow we may have a small swing or some consolidation action as we are at the more recent and local resistance of around .0017, but I'm confident subsequent days will propel us through this resistance level towards our .0024 level; good observation army, funny how one level can be so significant.
As I mentioned, this is only from a technical analysis perspective, but if solid bullish merger/AF Contract/etc. news comes out soon these levels will be a thing of the past. Again any help on the chart uploads is appreciated!
Keep it up, we have a solid think tank here - I know many traders, port managers, hedge fund managers, worked with and met quiet a few and believe it or not the efforts put forth here are in many respects much more diligent than some of the guys I've met - let's bank on this one and show the street who's gonna wear the suite this time around! I'm getting a bumper sticker: "Don't Sell The ACLP"! :)
In my opinion here's the reason. You don't always have to have news as a catalyse to move a stock. Considering the less than transaparent nature of the OTC markets (hence why you guys have to do your own DD's and get creative - doing a good job by the way), I feel that there may be something brewing that's being seeped into the markets and factored into the valuations by the big dogs.. Many times, I've noticed, the news looks for a catalyse after the fact, but news is always late. I do agree that something is brewing but the rise today could simply be that we have been waiting on the sidelines for so long caught between intermediate term moving averages in oversold territory and really all it takes is a high bidder to thrust the price a hair above key levels that we have all been watching, i.e. .0013 and .0010. This thrust may be fueled by short coverers that have had buy stops in place - but that's neither here nor there. it's the fact that once a resistance level is broken after waiting around for so long, mass psychology goes into overdrive and all that dead volume jumps in to take (in this case) long positions, which now adds more confidence to our previous bullish sentiment and this has a self-fulfilling effect of further driving up prices. If you feel like I, then you have been thinking "man whether for good or bad, up or down I really want to see a breakout" the longer a stock is range-bound the larger the breakout, like an elastic band that's been compressed. I do feel that this will be confirmed by some news/merger releases soon, but I'm a technician in the sense that I feel all publicly known knowledge is rapidly factored into price quotes. It's a Chicken before the egg or egg before the chicken type of deal - I wouldn't go searching to hard because your trying to match something up arbitrarily; I just chalk this one up to a bandwagon effect.
Don't fall prey to the recency bias - if your fundamental reason is to purchase this company for a merger then .0016 is bar far not even close to the top yet - find most recent support and enter a buy limit - or enter half you position at a buy limit at current market and then the other half at the next level down so you don't miss the boat... don't let recent prices cloud your analysis as a price is just that, a price; it's all relative
Sorry, delayed quotes are a symptom of illiquidity* FML
sorry my avast antivirus won't "shut up" block my screen so I have some typos; two corrections: employees and thinly, not thinkly :)
If you are referring to price quotes gobigorgohome1, then as an employe of a high frequency shop specializing in OTC BB Thinkly Traded" equities, it's normal for quotes to be delayed and for variances to exist between vendors - these are very iliquid markets , well normally and don't have listing requirements... Considering the Dodd-Frank initiatives who knows what the future will hold but enjoy the wild wild west and the opportunity to take advantage of possibly big moves for investments that are usually much less than paying a premium on an options contract. But, at least equities don't expire! Obviously consider your risk though and take positions that adhere to reasonable capital preservation standards! Don't invest what you can't lose because delayed quotes are a symptom of liquidity! Your broker should have read you a penny stock disclosure before opening your account but now everything is automated and electronic....hope this helps. BTW GO ACLP! It's been going sideways along with other picks I have; REVI, ELTP, and FROZ, most being caught between a narrow band above intermediate moving averages and below short term moving averages but I'm confident we have based out as the 5 sub penny mark has been obeyed multiple times and bidders don't sleep on the opportunity to execute at this point, forming a solid support! I'm an advocate of technical analysis and am confident that all public info (including the less than public info that executives may know and buy on) is factored into the charts and the fact that it's nearing the end of basing out combined with multiple fillings is an indication of a soon to be catalyst for the bulls to cherish!
high frequency trading firm and investment bank. Specialize in international equities and ADRs - but also participate and in investment banking, hedging and commodity operations among other lines through the parent and multiple subsidiaries.
I apologize for that my voice texting is horrible I didn't realize it would come out that bad I was just saying I double down on when drops like this happen because even if it is not emotional short selling most likely is short selling water shoes and I'll be able to make a couple bucks on the reversion to mean objectivity and discipline will make a trader,I don't care how smart you are
My thoughts on FROZ. Ok so we closed around .0086 and overnight trading is down to .0078. I know with these binary catalyse driven stocks technical analysis becomes less meaningfull as one piece of news can change the entire landscape - but it's a cummulative measure of the mass emotional and rational response rapidly factored into price and for me it works more often than not - or atleast it helps tremendously in stacking the cards in my favor with less than transparent pink sheeters like FROZ, ACLP, or REVI which are a few binary plays i'm bullish on... along with ELTP, but I consider that company to have a little more behind it in terms of public confidence...not to bring up other tickets, just a Case In Point example....
On that note, I took one of the support zones from the past which was around .002 and the previous high which was around .018 or 1.8 pennies. Taking this difference as 100% we get .016 or 1.6 cents. Applying the .618 fib retracement level to this we get .009888 and subtracting it from the recent high of .018 we get .0082, applying the last fib level of .764 we get .00576, it's below the .0082 level but my starting and ending points are not exact, i'm willing to bet it's testing the .618 (a very important retracement level) and is prob at a buy point.
yeah that's true especially with tnese high flyers
I wanted to mention that also consider the .029 61.8 fib level support measured from the .0063 to .065 ortho top being obeyed, along with the confluence of your tech divergence and bolling sigs!
And yes I agree I don't think they'll do a reverse split - whether or not they do you will maintain proportionate equity stake - but there are many more negatives to a reverse split that the public associate with an unhealthy company trying to grasp for straws to meet exchange requirements or simply to appear more valuable but we are not stupid and know this.
But, wouldn't an acquisition simply state that ELP would aquire ACLP at a certain ratio of X Amount of ACLP shares per 1 ELP share rendering the concern of them doing a split pointless? they may work it out to where the shares are absorbed at whatever dealprice was settled upon...
Fibs don't Fib- Key technicals were obeyed at .0007 (broken but only for a few daily closes) and ultimately .0005 was the support of last resort.
If you take the two important psych levels of what I believe is the orthodox top at .0015 and the starting point of the most recent and relevant upswing at .0002 you get a range of .0013 - now apply the key fib levels too this - I traditionally ignore the fifty percent level as it's a pseudo-fib level. fib1- 38.2% level is .0015-(.382*.0013) = .0010, this level was very strong but ultimately broken - it will give us trouble probably on the way back up. fib2 - 61.8% = .0015-(.618*.0013) = .0007 rounded, fib3- 76.4% = .0015-.0009932 = .0005 rounded.
Though our golden ratio of 61.8 was broken, I feel it's temporary test of .0005, the line in the sand in terms of a technical reversal, still merits the .0007 strong support as holding - but either way I think there was a combination of algo-buying and possibly insider buying of some sort that caused this level to be obeyed - really in such thinly traded markets it may simply be others tracking the same technical and the news and merger data seeping into the markets via insiders may be wishful thinking - but I have a feeling you are right and something's brewing and immanently approaching.
Also, take note that shorter term SMA's are crossing above the longer term SMA's and oscillators are rising from sub neutral regions - Volume is picking up and I believe a close above .0010 will be a confluence of bullish indication as this marks our previous .382 fib level along with the upper channel of our bullish flag correction formation - a continuation pattern - I stand ready for the good news.
Great post and I agree with you. Furthermore, the technical agree with your supposition that the merger is complete and simply not *well mostly not* public. Key technical were obeyed at .0007 (broken but only for a few daily closes) and ultimately .0005. If you take the two important psych levels of what I believe is the orthodox top at .0015 and the starting point of the most recent and relevant upswing at .0002 you get a range of .0013 - now apply the key fib levels two this - I traditionally ignore the fifty percent level as it's a pseudo-fib level. fib1- 38.2% level is .0015-(.382*.0013) = .0010 (rounded), fib2 - 61.8% = .0015-(.618*.0013) = .0007 rounded, fib3- 76.4% = .0015-.0009932 = .0005 rounded.
Though our golden mean ratio of 61.8 was broken, I feel it's temporary test of .0005, the line in the sand in terms of a technical reversal, still merits the .0007 strong support as holding - but either way I think there was a combination of algo-buying and possibly insider buying of some sort that caused this level to be obeyed - really in such thinly traded markets it may simply be other tracking the same news and merger data seeping into the markets via insiders may be wishful thinking - but I have a feeling you are right and something's brewing and immanently approaching.
Great post and I agree with you. Furthermore, the technical agree with your supposition that the merger is complete and simply not *well mostly not* public. Key technical were obeyed at .0007 (broken but only for a few daily closes) and ultimately .0005. If you take the two important psych levels of what I believe is the orthodox top at .0015 and the starting point of the most recent and relevant upswing at .0002 you get a range of .0013 - now apply the key fib levels two this - I traditionally ignore the fifty percent level as it's a pseudo-fib level. fib1- 38.2% level is .0015-(.382*.0013) = .0010 (rounded), fib2 - 61.8% = .0015-(.618*.0013) = .0007 rounded, fib3- 76.4% = .0015-.0009932 = .0005 rounded.
Though our golden mean ratio of 61.8 was broken, I feel it's temporary test of .0005, the line in the sand in terms of a technical reversal, still merits the .0007 strong support as holding - but either way I think there was a combination of algo-buying and possibly insider buying of some sort that caused this level to be obeyed - really in such thinly traded markets it may simply be other tracking the same news and merger data seeping into the markets via insiders may be wishful thinking - but I have a feeling you are right and something's brewing and immanently approaching.
Yup, you gotta watch out when routing them trades on a Bloomberg terminal - probably hit the "000" key too many times lol - remember the flash crash a couple years ago because of that?