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Rookie4sure,
I think you're being a bit hard on yourself. I think the return on this stock will be far sooner than you expect, the bright side of which you can only be pleasantly surprised. The move you saw in March will not be a one-time event. It's just you bought in during a consolidation period, and consolidations finally run their course.
I think NNLX hit a bottom at .19 today. Stochastics ready to turn, MACD will follow next week. If an intraday low lower than this prints Friday or Tuesday I think it will be fleeting.
What has his DD come up with? Merely hope that the share price will rise.
FORDGT, W.C. Fields had a line that you might understand that may have been about you: "Never give a sucker an even break".
DFW, I believe you hit it on the nose that with now a half billion shares I just don't see what's going to move the stock up in a material way.
And yes, if I were a betting man I would place my bets on them missing the self-imposed "spring" deadline. If they were to launch the product in the fall would I care? Well, the stock would likely be around 1/4 cent at best.
So at this point, I see the stock acting like the other serial diluting pennies and having periodic one-day spikes and I will invest accordingly at this point. I also see a reverse split necessary in the future, depending on there still being half a billion shares, which by the way I don't, I see them going to the limit with their authorized shares.
I am currently out of the stock because the high-volume breakdown below .014 signalled something very wrong. Every rally has been sold into with diluted shares, and aggressively at that. I have orders in at .0025 for short-term trades only and sales on spikes. I'm sorry for the negativity but I believe there has been a lack of management integrity with regard to statements about no dilution (Mario may have said he was not going to dilute further, just after they had already radically diluted). I do believe they may have a revoltionary product and it may take some degree of reverse split to get the number of shares down to some manageable level.
Walker, do you suspect the seller to be dilution of shares?
Bingo. I just have a fuuny feeling here -- the .02's might be history real soon. This one might go a la BIGN.
The chart looks beautiful for a nice rise ahead. Only have 200K shares, will add if I can get them for .028. I would like to have got into BIGN but will not chase that one.
On Page 1 of Form 10QSB it states near the bottom:
"As of May 19, 2006, the Company had 507,106,564 shares of its par value $0.001 common stock issued and outstanding."
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect
.asp%3Ffilename%3D0001144204%252D06%252D022159%252Etxt%26filepath
%3D%255C2006%255C05%255C22%255C&symbol=SVMI
Wow, heavy-duty dilution to the tune of 215 million additional shares. Not a surprise that the share price is going to do a swan drive. Heavy selling into every rally.
With no changes I guess we could expect the swoon in share price to continue. I expect that the SP will drift subpenny by Tuesday or Wednesday.
I don't think you will learn anything except more of the same. Trading will just finally go away on this one and volume will just dribble down to nothing.
Curiously though, I think you might be right. This pup already closed the gap and I believe will test the 200 DMA around .0108 before a slight bounce, then on to subpenny.
The stock, after the past few days trending higher in a symmetrical triangle, looked like today it's starting to break down like all the other oils, alternative energies, etc. I like the technology but I agree with you we could see this down towards the 200 DMA, right now about .167, in the upper teens.
I was tickled last week when my 1.0 mill shares sold for .0006.
Buying now at .0005, sorry that's money down the drain. Why not buy lottery tickets instead, at least there's a 1-in-5 million chance there will be a payoff.
"George Anderson" must be laughing his ass off down in Argentina or Costa Rica by now. No hint of any PRs, all dead ends in finding the "company" or "George", yet many people are bullish. Oh well, sorry I just don't understand that mindset.
PC, I rarely if ever get in at the bottom either. I have been stopped out on this one before and at this point the stink-bid approach is the only way I will get back in. If we hit those lower levels fine, if we don't I won't be buying any more of this. I have 225K in my IRA which may go to zero for all I know. I freely admit my frustration.
As we speak the other stock I was referring to, NNLX, looks as if it might be breaking down as well. Oh well, time to turn the computer off.
Best of luck to all.
SVMI is a tough one.
I look at it differently than say a long-term hold like paradigm-changing hydrogen producer NNLX. SVMI is one stock that tries to break your will. The only way to play it is, at a minimum, is to buy it with stink bids way below what you think it will hit.
If you look at the chart, before the 50 DMA crossed above the 200 DMA, it hugged the declining 200 DMA down after the big gap to .039. It has broken well below the 50 DMA at this point and if it follows the pattern before, it will tag the 200 DMA, which looks to be about .0108, before it turns back up.
This one, IMHO, may continue to erode until news comes out which changes everything.
Personally I doubt they make the "spring 2006" (6/21/06) self-imposed deadline for launching the product. But... longer-term, hopefully by the shareholders' meeting in July, it will be a go. If you have any extra cash wait until it hits lower levels, .01-.011, which I think is a possibility.
Gap is not filled yet. Gap is at .0125. Going to see if MMs take it bwlow .0125 and down to 200 DMA near .011 or to .01. Interesting day.
Looks like it's broken below .014, heading towards filling the gap at .0125, .014 may now be resistance. Going to get interesting.
I'm continually puzzled by the relative lack of interest in this company. This is one of the quieter boards around in spite of the revolutionary technology. Some days only have a couple posts. Technically the stock is in an outstanding state for a sustained rise. Small oil companies with only leases and no drilling yet inspire huge volume and soaring prices. Oh well, I'm in this for the longer haul so I can wait. And I'm also puzzled by the relative lowball target prices projected like $1 or $2. I think a stock like this with the progress this company is making will ultimately make mincemeat of the $1-2 price targets although I have no idea what kind of share price it will attain.
Just some musings.
Yes, the stock wasn't ultimately up by much but it appears to show the first signs of a real reversal since March. Earlier in the day it soared above the 50 DMA, retested .0140 twice and closed just below the 50 DMA. I'll give credit where credit is due -- it looks like stochastics have bottomed out, MACD may be ready to turn soon and the Bollinger bands have tightened down beautifully. Fundamentals aside, the stock price looks technically ready to be able to run.
Is it possible that this J/V relates to KSW Inc (stock symbol KSW) instead of KSW Industries? Don't know, just asking.
It looks like another sucker rally over, back down to the .014s already.
Sorry, don't mean to be sarcastic but it's easy to get burned on this stock.
Yes, looks like another run up, hopefully to .019 or .02, then back to .014-.015.
Now the question is, does .08 now become resistance?
Fascinating post DFW.
Re: when the company may have diluted shares out into the market.
It looks as if the day following the spike (3/28?) could have been some major selling by the company but another possibility may be when the most recent price spike in early May topped out cold at .0226. The latter looks more likely on a day with about 30 million shares volume.
Look forward to your future posts.
I think you're right that SVMI has broken support and will retest lower levels. Looking at the chart the 1st support is at .0125 and lower support is .01. Even if the stock does break down to those levels it's not unusual to see a big drop before news and a big rise. I hope to pick up another 500K shares at lower levels.
Best. RD
It seems there's very little reason for confidence any more in this "company". Following posts for some time it seems nothing checks out. I felt fortunate to get out at .0006 at a time when many were still talking about entry points. A very similar situation happened to me 2 years ago with UDVE, so once burned, twice shy.
It does not appear at all to be "boiling over" and it looks to me like shares are freely available in the .024ish range for those who want to buy in. A normal but sharp pullback.
From the weak look of trading I wouldn't be surprised if SVMI breaks down under the 50 DMA today and fills the late March gap at .0125.
NNLX has been moving slowly up within a symmetrical triangle pattern since it hit .50 in late March. Today it hit a .34 high hitting the declining triangle top and pulled modestly back to build up steam for the next move thru to retest .50. This move back up is uncanny as it seems completely under the radar. Wish I had more shares but I hesitate to pay over .30.
We'd all be dishonest if we didn't each have our lovingly remembered purchases at the top. Years ago when American Motors was an independent car company I bought some shares at their all-time intraday record high price. The big difference is that American Motors was a dead dog that never recovered in price but .22 for ACMG will be looked on as a bargain, possibly in a couple weeks. Good luck to you, you'll do well in this one.
Starting to turn into a sharp selloff on higher volume than I expected. Looks like we'll have to find a bottom and base out again from there. Wed and Thur rally looks like it was a sucker rally. The real rally will come later, hopefully later this month or next month.
With the current pullback I would hope to see a higher low set, saybe .0155 - .016, probably today or Monday, and it is occurring on lower volume.
Might have been a false breakout the last couple days. May be a chance to pick up some more shares on a dip back down to .015 region on lower volume.
I agree that the stock could retrace to .008. If it got near there I would take a bigger position than I did this time. This its first big move, which tend to largely retrace, i.e., like the moves AMEP and PBLS made last Sept-Oct or so. The 2nd moves are more sustainable and I think some major money would put to work if the price got below .01.
Beautiful chart T4M.
I doubt it.
What's happening here reminds me a bit of a stock, United Development (UDVE), I had a couple years ago where you could actually reach the Pres on his cellphone but little more. A lot of PRs that got wilder and wilder and the office was later found out to be occupied by a video store in Guyana. The SEC never suspended the stock though.
What could happen is that the share price does rise on hope and speculation, and possibly higher and longer than I would think, until it is finally extinguished over time.
Sorry, close was .0194 EOM.