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Who is jumping to the conclusion they are not operational?
In point of fact, I think the scheduled approval (2/6/12) is the last thing standing between officially being operational and their present state.
But tell me something... where is "operational" defined so that a lowly nobody like me is granted the right to so consider things?
That said, don't dane to correct me for presuming anything because, IMHO, it is presumptive to hold either view until there is state approval. I mean, obviously, if there is NO state approvel, it will be a tad hard to contend that they are operational, so in like logical manner, it stands to reason that approval remains as a barrier to declaring them operational, doesn't it?
And like I said, where in any post prior to this did I declare they were "operational"? Thats your chosen way of referring to it, not mine. Stop putting words I did not use in my mouth. Please.
Plainly put, you are equally guilty of what you accuse me of being presumptuous because your view is also presumptuous. The coin has two sides. Heads and tails. I take heads and you take tails. You are the pot calling the kettle black, my friend.
And anyway, the next detail in an exchange like this one is to argue over the precise meaning of "operational". Talk about fatuous, LOL.
Again, suppose the units exist and have been turned on. Does that make them operational? Or do they have to get approval and get tuned up for a test period to qualify as operationsl?
Who actually knows, and as such, what exactly is "operational"?
So if you are entitled to define your terms one way, then grant that I can define mine my way. I don't presume to dictate that you have to adopt my word usages, and you need to be considerate and stop presuming that yours are the ones to be forced on the rest of us?
Kapiche?
Peace.
Imperial Whazoo
Hey Folks -
In regards to the NYDEC approval process, the status listed on the NYDEC site is
Oh really? I don't think so. I think that to consider the questions I raised "unanswered" is ridiculous.
Of course they are answered. They are self-answering. There is absolutely no dobt that JBII does no have even the smallest molecule of control over the tests or the testing company that is forced on them by the state.
Questions self-evidently fully answered.
Period.
Imperial Whazoo
Well, let me be clear:
NYDEC does not force a specific company on them, but there are limited companies, REGULATED BY THE STATE who can be used.
Basic common sense is necessary here. You can not have your second cousin's best high school friend (who took an online course and runs a bait and tackle shop SLASH truck stop on highway 6 at the Lombard Lake exit) do the work.
The licensing and approval issues from the entity in charge of the process: the STATE.
As such, JBII, and any other company, has no choice but to use a company approved and considered qualified (as regards their expertise) by the STATE.
As such, in regards to JBII using a particular company, its a little like choosing arsenic or cyanide, even though, given an actual choice, I'd choose gum drops, LOL.
Choice A or Choce B both devolve to "CONTROLED BY STATE".
Not exactly freedom of choice.... and also, just because JBII foots the bill does not mean there is a financial connection running back to JBII that gives them a say in the matter.
The STATE may approve and JBII must oblige by acting within these constraints.
Period.
Imperial Whazoo
Hey raw -
I've got a question for you. Frankly, its more like a "confirmation" than a question because I'm sure I know the answer.
Basically, what I want you to confirm for everyone is that Conestoga-Rovers & Associates is the outside testing party that JBI had no power over picking and using.
Start with this paragraph from the PR that came out today....
I agree. What say you re: the actual DATE of the ticker change event?
Imperial Whazoo
Good thought. I looked long and hard at the candle and I noticed the difference between it and the normal hanging man. Too long a tail.
So I "deconstructed" the volume to try to figure out where the buyers had been positioned who intercepted the "dumper mistake".
So, your explanation makes sense. I "identify" this, rightly or wrongly, as NOT being a signal that the next wave is down. Not sure, actually, but at the very least, it should be a teaching experience, LOL.
L8r man
Imperial Whazoo
Question:
The candle is a hanging man.... in that its at the top.
OK
So, check the volume that painted this hanging man. Put it up in a 5 minute chart.
When you do that, volume was heavy at the bottom end of the tail and then, a lot of volume came in at 12:15 PM today (central) & it retraced the damage done that constituted the tail of the hanging man.
OK.... so, Question:
If the bulk of the volume was at the bottom of the tail, and given the exceeding length, which is very abnormal, of the tail itself, I wonder whether the negativity that a more typical hanging man represents was actually already built into the candle?
Make sense?
See, basically, when you get a hanging man, the tail is not heavy like this one, and it is not typical to see a lot of volume at the low end of the tail and then, the volume that was heavy coming down is replied to, as it were, by a lot of volume coming back up, ending the day with a long, long tail on a hanging man.
I do know that, if this puppy had happened at the bottom and was thus a hammer, the fact that the heavy volume going down did not win the day and was replied to by the heavy up volume that happened at 12:15 PM, I'd be absolutely certain the next wavew was going to be an up leg.
Usually, there is not this long a tail to a hanging man. The hanging man candle generally says, in effect: "look out.... down wave coming!!"
Well, in that the volume already happened in the candle, and that volume is in the length of the tail, could it be that the down element that generally follows a hanging man has already happpened and is built in to the tail already?
Just wondering about whether this is actually a hanging man or not.
I'm leaning towards it not being a hanging man and thus not implying that the next wave is going to be a down leg. The long tail is the thing that I'm weighing and trying to decide about. Does the overly long tail denature this, making it not be a hanging man at all?
Opinions? Rotten eggs?
Imperial Whazoo
Either that or set up to systematically buy it as it behaves however it behaves. If you are right and keep dry powder, you can build very constructively.
IMHO
Imperial Whazoo
Yeah, they have been very considerate in giving everybody a couple of months, at the very least, to build a sizable position in anticipation of news regarding whether or not the bank loan is going to get done.
Plenty of time for careful position building. As a pragmatict matter, in that there is that much time, it appears to me to matter little whether or not the loan actually gets delivered on in April. The price ought to run up regardless of whether it comes up smelling like roses or ends up, in April, being a disappointment.
L8r
Imperial Whazoo
I like the fact that I can accumulate between now and April. Not a panic rush to build a position. I can prfit in a stock & formulaicly spin off a systematic amount to build a solid position, exploiting the benefits of dollar cost averaging.
Nice thing to be in the know about, if you ask me.
Imperial Whazoo
I liked the action and frankly, I was cought flat fotted because it seems to have come out of nowhere.
Does anybody have their ear to the ground? Any rumors to report, LOL.
Imperial Whazoo
A tad long drive in that I'm in Texas.
I once had a chance to sell software to Vought Aircraft and they had a soldier walk me to the toilet and stand guard. I figured it was obvious that they needed to gaurd me when I was pissing, LOL, but the fact was that it was simply their policy in black areas.
And once I got the request to call on the Royal family's personal oil company in Houston. I has to park a mile away and walk in and the high rise rhey occupied had absolutely no neighbors. They had bought up all property all around it for a mile or so and bulldozed everything. The modern skyscraper was about 10 or 12 stories tall and there was nothing in the line of sight for a full mile. Very spooky to go into it, too, because they had an almost totally empty lobby.
Anyway, your account of the presence of guarding vehicles is a very good sign. To me it confirms that it should not surprise anybody the least little bit for there to have been a fraud perpetrated by a false article deliberately positioned in SeekingAlpha, intended to damage the chart of JBII as an planned purpose.
Best regards.
BTW.... in that its a tad far to drive, I'd not hold my breath, if I were you, waiting for me to make a visit by car, LOL.
Imperial Whazoo
Yeha AC416, that was ver informative.
What comes to my mind is to pursue the "watchers" you mentioned. Who do you think they are? Were there really cars on watch, even in a blizzard, who began to make an approach to you upon seeing you drive up?
Did you come away feeling they worked for JBI ot do you come away feeling spooked that there are watchers who are enemies of the company?
How many did you see? How quickly was their initial presence manifested to you? What did they do in terms of how they communally, as it were, behaved.... by which I mean: did you feel there was coordination involved?
Did they just kind of crawl out into the open like they were positioned in several vantage points? Was it a unmarked car kind of thing and did it appear to be governmental and official in its capacity, or did you think it was private security paid for by either enemies of the company of by the company itself?
Basically, it just piqued my curiosity that you encountered what can best be called "interceptors" upon merely driving near to the several plants and I'd like o hear general comments and reactions you had when you saw this level of constant monitoring. Who, what, why, and so forth, if you could further comment.
TIA
Imperial Whazoo
And HR, you were right. .0584 was a bad call, LOL. Thanks for reminding us.
Now, if you will permit, I'll lay it out as I see it, becuase its as obvious as the sunrise or sunset, IMHO.
The material date to benchmark against, looking left, is the high volume candle of 5/17/11.
5/17/11 had a high wick of .1425 and a low wick of .071. This, for all intents and purposes, is a channel in which as many as 10.185 million shares are trapped.
The volume shown that day was 10.185 million shares, BTW.
That day is the big power day that represents the buyers who are still under the bus. Thats the power hour, the black queen dominating the chess board.
There are up to 10.185 shares trapped by that high volume day and there is no evidence that the bulk of the players who undertook to be in receipt of shares on that day, have been able to jettison their 10.185 million shares at break even, much less a profit.
The few times that the top end of that channel have been exceeded since then have not been typified by volume that depicts an event of the "getting out" by the bag holders from that day.
The volume picture that has happened since then is, by in large, a picture of there being no evacuation of positions taken on that day.
Plain old common sense, folks: if you have 10.185 instances of "stepping in" and you do not have 10.185 instances of "stepping out", you have eveidence of the bag holders still being in the stock.
Duh!!!
A big volume day needs corresponding big volume at or above the points at which positions got taken, if it is to be seen that those having taken a position are no longer holding the positions taken.
AND GIVEN THAT, AS THIS STOCK HAS GENERALLY DECLINED SINCE THAT BAG HOLDER, BLACK QUEEN DAY, WHILE AT THE SAME TIME EXPERIENCING UNPRECEDENTED ACCUMULATION, there is no convincing logic that would even come close to supporting the argument that the people who became bag holders that day have generally decided to take losses and get out of their "under the bus" positions.
That is the importance of it being pointed out that massive accumulation has been under way for a very long time in this stock.
Judging by the accumulation in this stock, there have not been majorities of players deciding to step out of their positions. Based on the obvious accumulation, the exact opposite has been transpiring.
As such, it follows that the bulk of the players who stepped in on the black queen day and became bag holders, are still holding.
Thats my opinion.
Now then.....
That is what I speculated was the story. Yesterday, I posted that it was likely that the author of the falaceous article deliberately structured his approach by choosing a manner of wording his question so that it had a high likelihood of getting the answer he reported he got.
I told you folks so.
It was a deliberate thing. Just as I said.
Imperial Whazoo
Hey HR -
I gotta say this: Well done, my man. Well done indeed.
I can not recall any chart I have ever seen where there is that much DISTINCT accumulation going on contrasted against the decline in the chart.
Bodes well. Fabulously well, actually, in that the wedge to which you refer has just been broken out of to the upside.
:o)
Well done, HR, & thanx
Imperial Whazoo
Laugh all you like. I got out by this approach and did not incurr the SEC damage. Then I bought the bounce.
And sold it correctly, too.
ROTFLMAO
What I wish was the case today was that I'd not alredy established other positions.
Laughing at people is not particularly mature, IMHO.
I prefer to laugh because I played the bounces right.
ROTFLMAO
Imperial Whazoo
EDITED: Oh... and see the low volume hanging man thats being painted in the chart right now? You think you can take a break from mockery long enough to let me in on the right way to trade an EOD, low volume hanging man in a 2 minute chart?
ROTFLMAO indeed.
Imperial Whazoo
See the bounce? 10 cents in less than 30 minutes is not bad. 10%.
Chaching.
Watch the trades not the rhetoric.
Imperial Whazoo
Yeah it is indeed a traders play, but you dislike it too much, IMHO. Frankly, I was into it for a while but I try not to lose sight of the need for speed.
EDITED: I'm looking at the level 2 right now. See all that buying they are doing right now at 1.00 and thereabouts? Well, thats people buying in. The reason I know this is so is obvious: They did not turn it down on an avalanche of volume. That last turn was 1.09. The volume came in at or about 1.00 They are stepping back in.
1.00 and such round numbers are a magnetic. They get hit. People obviously think like I do because the volume is at the buy point, not the sell point.
The emotions about JBII are not how to make $$. Trade what you see. Thats the ticket!!
BTW:
You might have seen that guy on Bloomberg the other day whose comment about "investing" made me laugh. He runs some really stellar hedge fund that trades rather than invests. He commented that an investment, in his experience, is a trade gone bad. LOL.
So I take my hits and try again.
JBII is a needed technology. I think the senators and the mayor and the DEC validate it to some degree. Its hard to diss the IsleChem thing, too.
And my read on that guy's article was that it was not even remotely balanced. If you don't approach things with an agenda, asking the plain and straight forward questions, worded similarly to the one I posited in my earlier post today, are more fair.
I hate dishonesty, regardless if the JB guy is the bad guy, or his opponents are.
And anyway, its irrelevent to the trade, if you time your trades correctly.
L8r
Imperial Whazoo
Or its possible they want to buy the P2O process, like corporate raiders might want to do, and they are smart enough to play both ends against the middle.
Or maybe there will be slander suits filed.
Or maybe any number of other convolusions will show up.
I sold JBII prior to the SEC lawsuit and made a buttload of money on it several times, so what has happened is (perhaps) a chance for me to get back in and make another chunk.
I played the bounce the other day, after the news, to a large chunk, and had I not already made buys today, I would have been able to have free money to have played today's bounce too.
I'll say this.... if this is such a criminal fraud as is alleged, then it sure is odd that price is not destroyed in the level 2 as I type this.
I'm watching it and its not playing a death tune. Its holding its own.
That said, one possibility may well be slander suits.
After all, if they want to recapitalize a company and they have had a slander happen of the size the SeekingAlpha article would be (if it is not true), then JBI just hit the jackpot and the bad lawsuits the company has been attacked by for some time just might now become really ripe opportunities for JBI to beat the holy crap out of somebody (or somebody's)
Like I said, I'm a day trader. I seek opportunities.
I don't care if its true or not, actually, but as a guy who likes to take opportunity to the bank, I wish I'd not been flat-footed earlier this afternoon because the responce in the chart was a pregnant opportunity that I simply missed.
And also, I do think the author of the article appears to have been a tad too cunning for his own good in the way he proudly reported that he asked about JB by name.
As a card player, my take on that is that its a tell and I love reading, and benefitting from, the mistakenly obvious tells the guy sitting across the table from me often makes.
Just my approach to making a buck.
Just wish I'd not been flat footed earlier today, LOL.
L8r
Impreial Whazoo
Your instant post in purported reply to my valid observations has absolutely zero to do with the ideas I put into my post and it seems rather disingenuous for my valid observation to get a completely irrelevent reply so instantly.
Things that make me want to go.... Hmmmmmm.
The guy said, of his own accord in his own words and in his own article, that he asked only about a person.
My well thought out alternative question, that obviously might have generated a different response than the response that was reported, is a far more worthy question to ask and your instantaneous reply to my valid observation is not one bit relevent to my valid observation.
Imperial Whazoo
That was my thought too.
I mean, if I wanted to contact RKT, I'd have been direct and asked about the Plastic2Oil process and not approached it cunningly, as though I intended to elicit puzzlement due to unfamiliarity with the name of a person.
To be an honest reporter, it seems to me that the guy should have asked about P2O as a process, like this, perhaps:
"Mr Skakel, I'm writing an article on a new technology called Plastic2Oil, made by a company your company reportedly signed a contract with in June of 2011. I was wondering if you could comment on whether the reports that such a contract signing happened are true, and if true, what can you tell me regarding the progress that has been made in moving the use of the Plastic2Oil solution forward in one of your company's plants?"
That would have been a less deliberately cunning way of preparing an article, but it also might not have generated puzzlement due to the fact that the relationship with RKT is not with JB the man, but rather with JBI, the company.
But, on the other hand, if you just want to be able to report that RKT's guy does not actually know JB, the man, then I guess the way to elicit that reaction is to ask about it the way the SeekingAlpha article says it was asked.
Anyway, either all the purported email exchanges (that are reported here) are lies or the manner in which it was represented in the SeekingAlpha article is dishonest.
Not much room for a third category of view on the matter of the bonafides of the contract, or so it appears to me.
Imperial Whazoo
Yep. Its a chart doing its logical work.
I took a Fib line and drew it out as follows:
low is the start of today, .004
high end of line is .0179 at 11:06 AM Eastern today.
That gives ud a .618 pullbact to .0093, which just happened a minute ago.
Now if you employ Fibs, this is playing out correctly.
I wanted to see it do this stuf.
It did.
Watch it to see if it lays out a Gartly Butterfly pattern. I'm betting it does.
Finally saw the news thats behind this. I kind of like the idea of a local market being leveraged with "dealsOfTheDay". In my hotel room in Orlando, for exampl, it would certainly be nice to have that info on the hotel's television system as current deals a tourist might want to leverage. Seems like a prime target market to me abd thus a nice idea as a business plan for the coming year.
And they look like the guy at the helm is the rught guy o manage the thing too.
Just watching it in my watch list because it fits the bill as regards chart today and business poopportunity, IMHO.
Imperial Whazoo
Why don't you share the info you have on "what is to come". I'm surely not alone in scouring the available fruitlessly for details on that, so, if you actually have any info, it would be worth a minute of your time to actually tell the rest of us.
TIA
Imperial Whazoo
Anyone got any idea what the heck is going on here that would account for this activity?
Can't find a single CURRENT thing to justify it but I'm hoping somebody knows the scoop, betty boop.
TIA
Imperial Whazoo
Ring the bell, baby. Ring the bell!
Thats the way to do it.
You did it right. Ring the bell and take the $$ to the bank.
Stepped in at .0485 & out today at .065
Ring the bell baby.
Thats the way its done.
Imperial Whazoo
There they were again at EOD.
Nice size buys at the ask just came acroos.
13:20:46 68,500 @ .054
13:20:52 50,000 @ .054
Then the ask moved up to .0547 and there was another indicator of strength in that the following happened
13:24:32 12,000 @ .0547
13:27:28 20,000 @ .0546 ( not the ask or the bid.... in between)
and then they mover the bid/ask up again and there were 6 more at .0546, which was the bid at that time.
13:27:40 12,700 @ .0546
13:27:40 12,700 @ .0546
13:27:40 12,700 @ .0546
13:27:40 12,700 @ .0546
13:27:40 12,700 @ .0546
13:27:40 12,700 @ .0546
Now, the bid/ask has been bumped up once again to .0547/.0555 and there have been two trades at the ask.
Its nice to see folks deciding to step across and buy at the ask rather than camping out at the bid and waiting to get a seller surrendering.
Imperial Whazoo
Somebody took profits on about 87,500 at the bid.
750,000, more or less picked up at EOD and 87.5 K profiting therefrom this morning.
Bears watching. May be that it "bulls" watching, LOL. (Get it... IW made a pun, LOL)
Don't want to be heard saying the "bear" word if the "bulls" are really the way this is now trending, which is still my take on it.
Imperial Whazoo
Its trite, I know, but I just try to do day trades only. In and out... bim, bam, boom.
If you looked at my posts yesterday, they were peppered with the word "today". I heard a guy on Bloomberg the other day tell it like it is for us daytraders: an "investment" is a day trade that did not work as anticipated, LOL.
So, sorry man. I took a gander at the hi-jinx going on yesterday and waded into the fray. Atypical of me. I usually let the riot run its course and tend to my mending.
But what is NOT atypical of me is sticking to calling each day and trading it. Like I said yesterday, POWT was tending to trend and trade "at that moment" in a certain way. Whether it will go up or down, I was very clear: I do not know. It has tendancy and trend but thats all I have the wits to weigh in on. Simple as that.
So, when you ask me to give input as regards how to handle POWT going forward, I'm simply not in that game.
Good luck to you and take the time to take advantage of the genius ideas I daned to share about yesterday. They are not MY genius ideas, by the way. They are those of a guy called Tommy O'Brien at http://www.tfnn.com
They take time to grasp them. Grapple with them. Wrestle with yourself over them. The ideas are non-popular, but they work and, if you will learn them and practice their use daily, you will get better & better at avoiding having a day trade go the wrong way and turn into an "investment".
Peace & good luck.
Oh... one thing appears to be in the works about POWT again today: based on the present chart behaviour, I appear to have been once more correct in observing that it was not gioing to be having to visit the old, dead .04 range like other chart "experts" insisted was the case yesterday, LOL.
What a trip!
Gotta love it.
Imperial Whazoo
Well, the guy who posted the 60 minute chart is spot on. That much I agree with.
Beyond that, I'm not going to see it your way. Mainly because you are wrong, but also because you resort to insensate insults rather than discussion of legitimate ideas. In my book, thats as sick as you can get.
I used to do it the way you do but then I got more experience and stopped losing money all the time.
Thats what the old way leads to. It leads to scared people seeing tests of .0433 today and hearing a chart guy tell them to watch out for .04 and it generates a self-fulfilling result.
They have lost a lot so they are receptive. So they sell right at the bottom and they actually thank the guy, LOL.
Now THATS scary, LOL.
Just tell people that the thing to watch is the .04 day of 12/30 and maybe they will sell you their shares.
Convince them that .04 needs to be tested. That way, they will wisely get ahead of the pending disaster and sell before it fails again.... at the mythical .04 level... or worse, LOL
The fact is,i it very well may happen, but using my approach, I saw the chart today and called it correctly.
BTW.... you did not, LOL.
And people.... listen to the talking heads, LOL.
Just don't look behind the curtain, folks.... this puppy is headed to .04 (or lower) because it did so back on 12/30, and it is just a silly idea that the two big ass volume events changed the lay of the land.
What a trip.
Common wisdom says the event prior to 1/5 & 1/6 is the thing to worry about. I say not.
I tell you all why. With links.
Get what you want out of this and do anything you like, people. As for me, I've been there, done that, & gotten the crummy t-shirt.
So, average joe.... this puppy will retest .04. The common wisdom floating around about the way to interpret the charts says its so. The age old way of looking things is all we need.
UnHuh. Sure. Whatever.
First, folks, two things: a link and a book
Here's the link:
http://www.tfnn.com/
And here's the book:
"The Art of Timing the Trade" ISBN978-097635291-4
Next, addressing the matter of my being wrong today, pay attention.
I called it right today, sl62, and you did not.
I told everybody that .0433 had been tested by a distinct hammer in the 5 minute chart at 10:25 AM Central time today.
You said that there were several spikes to .04 that people needed to watch for.
I was right and you were wrong.
Twice today, after I alerted people to the .0433 hammer tail at the 10:25 mark, there were tests of .0433 that failed.
I called it right and you did not.
I warned people so they would not bail when .0433 got tested. You told them to be aware of it going below that, and that .04 needed testing.
I was right and you were not.
After the 10:25 test, there was another. It spanned a 15 minute period starting at 11:20 AM, but only got down to .0435.
It held. In fact. .0433 was not reached, much less breeched.
Later in the day, for about 30 minutes starting at 14:15 PM, there was another test that failed to reach or breech.
Again, I called it right, sl62.
People did not need to be scared that they would see .04.
I helped people because I could see the danger that falsely telling them that .04 needed to be watched out for would generate.
I figured that people would get spooked and that it would become a self-fullfilling prophecy.
Look people. I called it differently because I see it differently. I did not even have to waste my time telling anybody anything.
I simply decided to try to prevent people from being further spooked by giving out an analysis that proved to be correct.
The fact is that it did do a hammer in the 5 minute chats and that that hammer has a low of .0433 and that .0433 was what needed to hold. It happened that way because it was in the chart.
I was trying to help people by giving them a reason to hold shares rather than bailing further becasue they were being told by experts that it could go to .04. I did not see any reason to let people get spooked into bailing on any more shares due to mythical spikes to .04 that have not happened since the high volume events of 1/5 & 1/6.
Go to the site I started this post with and make studying what these folks teach a daily part of your routine, people.
And buy the book.
And study it.
After about a month or two, some of you who can get past the old "wisdom" that the everyday expert tells us to bow down to....
....some of you will begin to get it.
Then you will understand why I see the two major volume events of 1/5 & 1/6 the way I interpret them.
Correctly, I might add.
Here's the link again:
http://www.tfnn.com/
And here's the book:
"The Art of Timing the Trade" ISBN978-097635291-4
And anyway, its cute to put words in my mouth about how I think .0433 is some kind of "solid support level".
Minor detail, sl62: I said that something entirely different than that.
Small detail, LOL. Truth is always a small detail, isn't it, folks?
Kind of like a small, inobtrusive hammer that rejected the low of .04333 in the five muinute chart, isn't it?
Hmmmmmm........
Folks, this was my ACTUAL post, where you will see that I actually said "as of this moment" instead of "solid support level".
My ACTUAL stance, folks
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70725153
I said this about .0433 being "solid support"
The last 5 trading minutes went like this:
15:55:08 80200 @ .057
15:55:10 5000 @ .057
15:55:12 5000 @ .057
15:55:14 28000 @ .057
15:55:16 50000 @ .0565
15:56:44 5000 @ .057
15:56:52 60000 @ .0566
15:57:10 100000 @ .0566
15:57:12 5000 @ .0556
15:57:26 2700 @ .0567
15:57:34 400000 @ .0566
15:59:36 5000 @ .0567
15:59:40 5000 @ .0567
Now notice, everybody, that there was a flourish of buying at the EOD. And there were more GIGANTIC buys in that 5 minutes than any other time today.
This is professional buying.
Somebody waited until the EOD to deliberately do what they had in mind to do all day long. I believe they worked with a broker who scheduled it this way, but I figure that, since they could have been gradual about it and not let the cat out of the bag by the size they took, they are either:
(a) pretty much thru accumulating and have been silent about accumulating for a while now
-OR-
(b) They will be buyers again tomorrow, but tomorrow and thereafter, they will not bother with silent running; they will be aggressive, having established the bulk of the position they want and not being concerned that whatever else they pick up be low cost.
They did it this way so it would not run up on them during the day due to their buys stimulating a rush by others to get in along with them (basically in response to them).
My bet is that there will be a lot of people out there doing their homework tonight and seeing this and this puppy will be affected very positively tomorrow from folks who discover this EOD activity and take measures to join in tomorrow AM.
Thats my guess.
I'll grant its a guess but its what I think will happen tomorrow.
If there is somebody buying almost 750000 shares in the last 5 minutes, and they are doing it in a way to get it done without causing a sympathetic rise during the day, then I'd guess that 750000 is the largest piece of what they want to pick up because, by doing it this way, they get in before the response happens and they all but guarantee that they are low compared to other folks who see it over night.
And I bet they have been doing a stealth mode buy for a while and the 750000 at EOD is them saying, in effect:
All in all, in that I'm already in, I love to see a major EOD buy happen. I love it, baby!!!
Imperial Whazoo
The first volume point delinieation that it needs to retest was the top of the red candle on the last volume day, 12/13/11
The top of that candle is .105, so that is where it needs to go to test things out. I'll go back after hours and look at what that day looked like, volume wise. I suspect it had more volume at the low end of that candle than at the high end of it, so that means that the volume to defeat is less at the top than at the bottom. But tops in and of themselves act like gravitational pulls in planetary orbits, so its going to need real strength to punch out the top of that day's candle.
The bottom of that day was .0512, so right now, we are working our way topside, IMHO, to retest the top of the candle from that day.
And like I posted a minute or so back, we already have more push in volume terms going up than we had on that day, coming down, so there is more juice coming back up than there was coming down. And I'm surprised by this because there was a lot of volume & strength to that leg down.
How long it will take to climb back up and retest that candle top remains to be seen. We'll see.
Imperial Whazoo
If so, fine. If not, fine.
So far, the take out of the intermediate low has yet to occur. Buyers will be present, IMHO. We'll see, though.
I just checked, too, with EDGAR to see if there was any filing about the alleged dilution. There is not any filing of late, so if there is dilution, its due to illegal short shares manufactured out of thin air. But I'll be watching the filings to see. So far, none filed about.
L8r
Imperial Whazoo
I'm a volume watcher and this stock had me concerned because my theory of operation is that, generally, if there is more volume in a move down than in a move up, then the weighting is to the downside.
The volume day we have looking left on the chart is the 12/13/11 volume day, which was a down candle, of 4.189 million. The need was to out do that today.
Well, so far today, this upleg is more muscular going up here than that day was because the up move today is at 4.258 million, and its not even EOD yet.
So, its confirmed as far as I'm concerned, in the context of how this up move compares to the down leg, the up leg is greater.
I like it.
Imperial Whazoo
So far, it looks like there was a nudge to try to see if there was interest in punching this lower but what materialized was that there was a buyer (or two) more than delighted to step in and buy whatever showed up.
And notice that as of this minute, again we are looking at a process where each new "low" is a higher low. A string of higher lows is a good sign, generally.
L8r
Imperial Whazoo
Retest in progress. Lets see if it holds. I want bargains so I hope the guys doing the push back down do me a favor and grind it down some so I get to do some major buying at prior lows. What with higher lows each stab down, though, I'm not looking for it. May as well be an opportunist, though. May as well try to snarf up bargains if they present, LOL.
Imperial Whazoo
How frequently does BDPS push a stock out to their interested parties? Once a week? Every Friday? Or is it irregular?
I've never followed them so I am unfamiliar with their habits.
TIA
Imperial Whazoo