Hello my name is Tom
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i think the whole float is bought up
any buys at the ask will probably only fill 5000 shares and then have to deal with an ask up tick IMO
could be, but my own feeling is they will just run us higher day after day after day creating an eventual buying panic...
i think the MM's know that the float is all bought up. that is why you see these small string of 5000 share trades in the am that blow away the ask very quickly.
they are trying to entice current shareholders to pony up some shares
I repeat, SUGO will be looking extremely extremely bullish setup for the next 3 months (last quarter) if we can get a price closing during the next 3 trading days (end of 3rd quarter) at or above .014.
why?
because it will set up a beautiful bullish quarterly bullish hammer reversal spring on the quarterly price charts and suggest that SUGO must be held as a position for the 4th quarter !!!!
nice run into the close coming today IMO !!
UBSS just changed ask to .007 from .0063 !!!
accumulation distribution indicator at a new 52 week high!! price will follow IMO !!!
very thin on the ask!! .009 a breath away!!
we are getting two days in a row up as was requested yesterday and no body cares !!
bashers are in full assault mode right here at the historic final lows for SUGO
recipe for HUGE HUGE persistent upside IMO !!!
sellers are done IMO !!!
nice building bid support and looks quite thin up to .01
penny land anyone ?
SUGO Chart INSIDE possible 5 to 10 bagger or maybe much much more as we change into the last quarter of the year
large triangle structure - selling capitulation - super low float - upcoming blockbuster funding news coming very soon would be 'sea change for stocks prospects'
http://www.pennystockspennystocks.com/images/SUGO.gif
large triangle structure compressing into apex
http://www.pennystockspennystocks.com/images/SUGO.gif
bashers are laying it on really really thick right here at one of the most historic bottoms in any penny stock world wide !! wow!!!
someone here mentioned another gold mining stock here before that had 15mil financing news and it spiked to $1.00
does anyone remember which one that was ? wanted to pull it up again for comparison purposes
it would be nice to see us rally up into news for a change instead of it being a surprise
if SUGO Behaves during the next few days and I like what I see, then will be looking to add 1 million shares...
but i need to see SUGO give me a green light this week... very possible IMO
end of QUARTER is only 4 trading days away !!!! be sure to monitor your QUARTERLY SUGO charts like a HAWK
if it is going to have consecutive up days this week sure would be a nice week to do it and close into .015 or higher by end of this week, it would be very very bullish and set us up for a rocketing 4th quarter!!!
all my indicators are showing buy signals now.
DEMA Smoothed MACD on a buy
MACD on a bullish crossover and BUY
stochastics on a BUY
RSI perched right under 50 midpoint and possible buy zone
Williams percent R, crossing above 80 percentile line into buy zone
VOLUME suggesting we are on a buy and SUGO has been accumulated last few weeks
setup looks very nice here.. SUGO extremely oversold and ready for a huge double bottom BOUNCE
if we can close above .014 by this FRIDAY then it would be extremely extremely bullish on the longer term QUARTERLY price chart
DEMA smoothed MACD is about to cross to upside, last time this happened we shot up from .006 to .026 !!!
macd histogram also in break up mode
i see a panic buying coming this week
it feels like we hit rock bottom
agree with you... .01 is easy from here and then to .024
.01 seems like it is just a few breaths away...
the mood on the board is hopeful but reluctantly hopeful. even the bulls on this board are afraid to make aggressive calls on the next big move and most of the talk is about buying 'cheapies'
this my friends is the environment where the see-saw often tips in the opposite direction and usually does so RAPIDLY
shorts and bears in SUGO likely to need several new fresh pairs of underwear in the weeks ahead IMO
got a strange feeling we have a possible epic week in front of us
gold is poised to sky rocket over 2000 an ounce this week
if management can combine a PR with the above mentioned event we could be looking at .20 + sooner than most of us realize
seasonally right NOW we are in the epicenter of bullishness for precious metals and mining shares.. this is the seasonaly time where magic can and does happen in this sector !!!
you are trying to apply logic to trading operations... stock prices are more than just economic reality, they run on HOPE
and as far as mining permits, we are on the verge of a republican landslide winning next year where republicans control both houses and the presidency.
there will be massive environmental laws deregulation and when billions of gold money is floating around someone will find out a way to make a deal
a gold mania can do strange things to gold mining stocks especially the exploration companies
during the 70's there were exploration companies that never even mined an ounce of gold and yet traded from .13 cents to hundreds of dollars a share based on optimism and potential and HOPE
that is what a gold MANIA can do
gold 2000+ will ignite a FIRESTORM of demand for mining shares like you have never seen
AND the public is not even in the mining stocks yet. when they start to scramble for mining shares you will see gold penny miners skyrocket almost overnight
my monthly chart work is showing that we could get a massive sustained type rise in price action going into end of this year and then transition to new year.
makes sense especially if we see gold at 2000+ and the mining stock indices currently exhibiting life time high breakouts
yes UBSS had some huge bids in today... they are loading the boat up
the problem with penny stocks many times is that they seemingly drift down forever, but then finally one day they show a sign of life and spike to .15 cents in a few days
If there is one period in which to buy SUGO then it would be September to December time frame
not to mention the fact that seasonally September for mining stocks and gold is extremely bullish
I think management is going to come through especially when we see gold price shoot north through 2000 an ounce.
yes i did, could not resist.
will keep adding occasionally as we move into the 4th quarter if I like what i see
I have seen bankrupt penny mining stocks spike from .0003 to 15 cents with 800 million shares outstanding
it is almost embarrassing to see us trading so low given all the positives.. a diamond in the rough IMO
we closed above the top bollinger band today for the first time in almost 2 months !!!!
bands are starting to expand
amazing that we are sitting on 4 BILLION worth of gold potentially and trading for a same value as my local pizza shop down the street lol !
would not be surprised at all to see SUGO spike to $1.00 range on a dramatic shift in developments for the company !
nice action on the MONTHLY GDX mining index chart it is holding a breakout to life time highs!
the mining stocks as an index is about to play catch up to the gold price and we could start to see a frenzy of demand for mining shares!
today we closed at the high of the day and the open was equal to the low of the day.
that is known as a maribuzu candlestick and we closed right at the top of the range of the last several months.
first time this has happened in quite along time.. seems very bullish omen for next week
to me the setup looks quite similar to right before November 30, 2010
you had several 'preliminary demand' spikes and then price drifing lower on momentum only..
then you saw a super spike from .02 to .14
one thing is for sure SUGO has the clear capability to JUMP
it has shown this to be the case and is very likely to do so again in the future.
daily stochastics about to bust north from a 1 month consolidation
same setup as right before it blasted to .026
beautiful weekly close today
a weekly hammer doji reversal candlestick with a small top shadow...
first weekly hammer I can recall seeing in a long long time
AND this weekly reversal hammer forms right at the double bottom formation
WOW
looks very bullish for next week...
lots of people bearish on SUGO right now, but all I can say is when gold price spikes through the nice round number of 2000 and SUGO blasts out a PR on funding we might gap up 5 cents to start and close at .20 cents on one day IMO.
i have seen it happen before on deeply oversold stocks
my daily MACD histogram chart seems to be saying that we have hit a double bottom and are drifting down in a small falling wedge formation which we should break out north of next week.
also i see DEMA smoothed macd about to cross north, and daily stochastics about to break a down trend