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It's going up to fill the gap left yesterday at 1.65...Hell yeah!!!
If it can't fill the gap that too is alright cause we are also working on an inside day sitting right on support of the 20 day EMA..
Amazing to see even this tiny sliver of green on our daily SIRC chart this morning. Like a little ray of sunshine. I am not going to be convinced that this opening bell rally is for real unless it gets above 1.50. If it does that than I will start to take notice...
"So you're saying there's a chance!"
Pacific's Stock Transfer office in Nevada isn't open till after 10am EST so will have to wait to confirm OS
Looks like a flat open even with the news so guessing more price erosion. It's ridiculous but every storm runs out of rain at some point.
Thank you Mercutos for your quick assessment of Cornerstone. Great stuff!!
Good Morning Rza...I'm going to be calling SIRC's transfer agent Pacific Stock Transfer Co. a little after 8am EST when they open to see if we can get a little more definitive answer out of them for current Outstanding Shares. Will let the board know what they say...
We have been tanking because we were overextended it to the upside. Now we are getting overextended to the downside. Just look at most of the solar stocks in our space and they are all taking a breather...not just SIRC.
One thing we must realize is SIRC is still a Pink OTC...it does things to the extreme. Once we uplist to the QB and ultimately Nasdaq it should mature and follow more of the norms of price action for a stock.
One has to decide if they are long term or in and out...i'm in for the long haul as you all know. We are in a volatile area...just gotta chill. We own an excellent little growing company.
Really good question Charly81'...one I am going to contemplate more in the morning. Every storm runs out of rain..ie selling. We just gotta find where that is.... Off to hit the hay...Good night...
Hey beachbumjeremy...always default to OTCMarkets.com for the OS
OS = 138,674,132 as of 02/10/2021.
The formula for current MC is SP 1.32 X OS 138,674,132 = today's MC = 183,049,854 after today's close
I also called the transfer agent a month ago to confirm those OS numbers and they checked out. Hope that helps!
Timmykins...why do you seem to slink out from whatever rock you live under when things are down...you don't know me at all...
Heading out for a bit...someone just let me know no fundamentals have changed that you know of with SIRC...thanks! Check back later...
Barring any news out we can expect a panic gap down on the opening tomorrow. The only good news about the sucky close is that is closed almost right on it's low. When an up or down trend is getting to a top or bottom they often close right on/near their high or low...then they panic gap and then reverse...just have to wait and see. Next expected support is $1.16 if needed.
Will be looking over fundamentals to make sure nothing has changed. Anything new/changed that you find with the fundamentals please share...
Actually CHILL I majored in Underwater Basking Weaving but after I graduated soon discovered it did not pay the bills very well and switched over into finance....lol.
Thank you CHILL...just felt the board got a little nuts this morning.
Again...dare I say I am starting to like what I am seeing here. Ideally would like to see us close above the 20 day EMA at 1.37.
Also...gaps have different meanings depending when they occur. The large gap between 2/2 - 2/3 with SIRC occurred right at a major breakout....my bet is that it turns into a breakaway gap (a gap that never get's filled in) at the beginning of a major up trend.
However you also get exhaustion gaps like occurred at the top of SIRC at the end of a trend between 2/4-2/5 that got filled in quickly. I believe today we have a downward exhaustion gap between yesterday's close and today's high 1.65 - 1.62. That gap WILL get filled in sooner or later and hoping for sooner...
Just my opinions...anything could happen!
Yes sir Dwetta_13!
Btw..starting to like what I am seeing on the 5 min chart of SIRC...sweet little 1-2-3 bottom starting to form...will see...
Remember my fellow SIRCians. At a top in a market everything is wonderful and great...high fives and whooping and hollering..RIGHT AT THE TOP!! Bottoms everything is down and out...panic and gloom...SCREAMING and crying...RIGHT AT THE BOTTOM! Yesterday was nothing compared to today.
You get the picture...it's human nature. Read back over this board this morning and tell me which scenario we were/are in? Then for fun go back to 2/5 and see what was being said on this board...I find it interesting.
Some comparative perspective...
First...yes havasu...you are on to me dude!!! Bahahaha...lol!
I wanted to mention ALPP as a comparison to SIRC. I would bring up their chart except I don't think iHub would be cool with that...
ALPP has very similar outstanding shares and has also recently busted out of penny land.
If you look at a daily chart around 12/28 - 1/14 it too had over a 50% retracement after going into dollar land. Look how messy the price action is between 1/5 - 1/15. It's plain butt ugly price action...messy as hell. My suspicion is we are heading into that kind of phase before we start heading back up into the news of up listing to the QB.
JMO...will see.
Hello Dwetta_13...appreciate your comment...thank you!
Yes, I have worked with RSI a long time and interesting that you bring it up... Look back on 1/14/21 of the daily chart using a 14 length default RSI. That of course was the day that culminated in a panic selloff that started at .33 and hit bottom at .15 and reversed course. Will the same happen today? Will see...
ALL-IN888 you are proving to be an interesting guy...
Mr. "Hit Bottom @ 1.68 Buy Baby Buy!!!! "
Daily Chart Observations so far today
Wow! Some crazy comments coming out of the woodwork here today I see...
Let's make it clear...I am just like anyone else here. I am long SIRC from 10 cents and I am a long term investor in SIRC because I believe in the long term business plan of this company. I happen to have a few chart skills. I do not control the price action. Anything can happen especially since this is the OTC. I try to make that clear at the end of all my posts.
My sense is YES...we are at the bottom or we are damn near it...we may double dip the bottom at 1.30 and get to 1.25 then pop...who knows! BUT ANYTHNG COULD HAPPEN!!! It could go farther down...this is why I mention the "cabin in the woods". You would eliminate all this drama.
One reason why I think we are near/at the bottom is because of all the crazy comments coming out on this board today...it has a sense of panic! That is a good thing in my book. But who knows...I will hold this stock all the way down to 50 cents if I have to.... YOU DO YOUR THING AND I WILL DO MINE.
These are just some observations so far today on the daily chart if interested:
I've got my 5 min chart open...we are WAY oversold now...looking for the first CLOSED green bar up on the 5 min. Volume is spiking too!!!
Remember the fundamentals of the company at a time like this!!
I seem to remember someone talking about 1.30!!
Yes...now we are getting the panic and will see if we get the volume...
Just touching the all important 20 EMA now...
JeffElmo...thanks for sharing your charts on SIRC...appreciate it!
Before I comment on them do you mind telling me if you are a generally a short term flipper, intermediate swing trader, stay long and hold type or just a mix of things when it comes to your trading/investing?
For me, but not always, I am more of a stay long and hold kinda guy...fits my personality and my bank account. How about you?
Hi Splendid88'...
I think havasu's explanation pretty much covers it...lol. Hilarious!!!
No, actually it's a simple explanation...Go look at any publicly traded company that has been around for awhile and pull up a monthly chart and put a 250 EMA on it and look how much price respects it. Price tends to bounce up off of it finding support at the line, price tends to bounce back down from it finding resistance at the line. It's simply a long term dynamic support and resistance line.
To give you an example look at an old classic, IBM, and pull up a monthly chart of it with a 250 EMA. It's remarkable...look at Oct '02, Nov '08 and Feb '16 all finding perfect support off the 250 monthly EMA. Does it work all the time? Nope, but it works pretty damn well...some stocks better than others.
Right now SIRC's 250 monthly EMA is standing right around $4.30. To me it's an obvious price target with the possibility of acting as resistance.
Hope this explanation helps...
Hi JeffElmo...welcome to the SIRC board!
When it comes to trend lines, standard deviations and most things with technical analysis a picture says a thousand words. Would you mind posting a screenshot/chart of your ideas so we can all see them?
Looks like you are also new to iHub so you can go to post #13497 and it will walk you step by step how to post a screenshot/chart on this board. It's a bit clunky but it does work. Looking forward to seeing what you got!
Thanks dude ...all set now! 161.8 fib extension = $3.94
Monthly Fib Extensions based off today's action
Thank you CHILL and others for the kind words. Sometimes a chart just speaks to me... will see if today's low of 1.51 holds. Happy to contribute here on the board along with the rest of you...
IF today's low holds, (downside outside risk still is 1.30 IMO), here is a monthly chart below of the fib extensions for possible price targets created by the most recent high of 3.00 and today's low of 1.51.
Time for me to go buy a lottery ticket...lol!!
I'll be completely honest guys...I don't know if we have hit the bottom at 1.51 or not...Volume did not spike as much as I expected but it did increase. Of course they would need to reach down to 1.50 to fill the gap and if they just miss it at 1.51 that would be just fine with me.
IT IS JUST MY OPINON but as long as you are a long term holder of SIRC anywhere in this area is a good place to buy/add...downside if 1.51 does not hold is 1.30...
I do believe this price action today is gonna clear the way for much much higher prices!!!!!
Well...thanks to the trading Gods we took out 1.60 so we don't have to wait around for them to screw around with breaking down thru the flat shelf area...
In case anyone is interested I'm looking at the 5 minute chart to look for an explosion in volume down...then I want to see a 5 minute green bar (up bar) right afterwards to give me an idea of a bottom. Of course it is possible to get a big spike down in volume and price and then on the same candle turn green. (key reversal candle).
Again...would not be shocked if we get a bounce off this 1.60 area as mentioned in post #13559
This would just add to the flat shelf mentioned in a previous post. My hope is that they just punch down right through the 1.60 area...go down to the 1.50-1.30 quickly, get this decline over with, and then get back to SIRC's winning ways of going up....Will see how they play it out. My opinion is that we will not get a return to new highs without taking out the flat shelf at 1.60...regardless if it gets down to 1.50 or not..
Splendid88....let's make one thing clear here...I am in no way shape or form controlling price action for SIRC. Yes there are some here that may listen to my analysis a bit. Price action will do what it will do with or without me making some calls on here. Frankly most of us here already have our shares and are just holding tight. IF it does get down to 1.50 I will only be adding a tiny amount of what I already own....
Ummm...okay...will watch and learn...thanks!
ALL-IN888...we are on the same team and believe we both very much want SIRC to soar. I respect everyone's opinions here until given a reason not to...
I just don't understand why you keep insisting the "acquisitions made it tank from 3.00 to 1.62". The news of the Enerev acquisition on Jan 29th helped make the price soar from .75 to 3.00. Also price had already come back down to 1.62 when they made the surprise announcement about Pacific Lighting. I think what you are alluding to is possible dilution of a public secondary offering. So far THEY HAVE MADE NO OFFERINGs IN ORDER TO MAKE THOSE ACQUISITIONS!! Outstanding shares for SIRC remains at 138,674,132.
Again I am being sincere here and want to learn. What am I missing about those acquisitions that I am not seeing...thank you!
Yep...would not expect the volume to surge until we get down to the 1.50-1.30 area... Expect a price spike (panic) as it gathers momentum down. Of course it's just speculation on my part exactly how it will play out...
There is an expression on Wall St. that I like...
"When they're screaming and yelling...ya should be selling. When they're sad and crying...ya should be buying."
One little thing to add...
When/If price gets down to 1.62-1.60 area and IF it starts to bounce back up a bit at that point do NOT be fooled into buying there. As I pointed out in my previous chart we have two low points there already and if price bounces back up from the 1.60 area it will be just adding to a flat shelf being built there. That area needs to be penetrated down through...probably to the 1.50-1.30 area as already stated before we see SIRC going back up in earnest. See post #13425
Btw we will be taking out (going down thru) the 1.75 area of support shortly...
Sooooo bullish long term....Go SIRC!!!
Just my opinions...anything could happen!!!
**15 Min Chart Observations - Opportunity!**
I am extremely bullish long term...just not today.
Barring news out most likely we see further weakness down to the 1.50-1.30 area for reasons pointed out on the chart below before we see a turnaround back up into new highs. This for me spells opportunity to buy more!
What if I'm wrong? If it gets back up above 2.25,...above Thursday's high, I will admit I'm wrong and add to my stack of chips there instead of 1.50.
Just my opinions...anything could happen!
Well someone sure the heck is sprucing up the place up top of this SIRC board!! I think this is all new stuff right or am I just noticing now?
Whomever is working on it, it looks great!!! Beautiful looking updates etc. Clean looking, easy to find stuff...doesn't go on and on and on down the page like some stock boards info. Excellent job and pretty sure I speak for everyone...Thank you!!!!
Go $SIRC!!
The Market Cap for the SA (Seeking Alpha) comparison chart is wrong.
I haven't bothered to go down through the rest and see what else may be off.
SIRC:
OS = 138,674,132
Current PPS = $1.83
138,674,132 X 1.83 = MC
Market Cap = 253,773,662
Wow...fantastic CHILL!! Thanks for sharing this....and keep us updated!
Just more and more proof that what we got here is very real...very!!
Ha!! Good for you ErnieDog...thanks for checking in!!!
Yes, to load a picture on iHub you have to have a phd in craziness...took me a long time to figure out.
Here is how you do it if anyone is interested:
1. Open two separate iHub SIRC boards and make sure you are logged into both. One will be for uploading the picture and the other will be for posting.
2. For screen shots I put them in a .png format.
3. Go to one of the open SIRC boards and click on your iHub profile name from one of your posts.
4. Click on "Edit Profile Picture" over on the left side. (this is the secret portal...lol)
5. Click on "Choose File" in the middle and open the file/picture you want to upload.
6. Click on the "Upload File" in the middle and you should see it pop up over on the left side.
7. Now go write whatever you want in your post on the other open SIRC board.
8.When you get to where you want to place the image/screenshot, click on "image" tab to the left of where you are posting. You will get img img in brackets, with a slight space in-between them.
9. Go back to the other board that has your image on it over on the left side and click on the 2nd https link down right next to your image under where is say "direct link" and copy it.
10. Go back to the other open ihub SIRC board and paste that link right between the bracketed img img in your post.
11. Click on the preview to make sure it is what you want.
12. Post it.
That's how you do it...Crazy...I know!!
Go $SIRC!!!
Just to be clear..I have not deleted any posts today with the one exception of someone who double posted by mistake...I really only want to delete if the subject starts revolving completely around another stock..Go to that board to talk about it if that is the case. Fine though to compare other stocks with SIRC in my book...
GO $SIRC!!
Yes sir Splendid88...absolutely...that could happen that way. My feeling is they will take a swing at the 1.50 area either later today or Monday as I spelled out.
But the way you spelled it out could happen too..If it does happen your way it would be a nice little 1-2-3 bottom. The point 3 low being higher than the point 1 low..
One thing I learned a long time ago is to be humble in ones opinions and euphoria as the markets have no problem taking someone off their high horse, taking them back behind the shed, and giving them a good whooping anytime it feels like it...
Cheers!
I wish it was only the last decade...!!
I'm 108 years old btw... The black Friday 1929 crash leading into the great depression taught me a lot...lol!!
Been thinking over that question RightStuff...
I think it will be frightening for most but again believe we will take a swipe at the 1.50 area. Also the 20 day EMA is nearby at the 1.35 area. Certainly not out of the question getting down that far. But YES we will bounce...This is very typical of a stock after it has had such an amazing quick appreciation to make a large percentage retracement like this. But the good news is this baby has got a slant-6 under the hood. The fundamentals are off the chart and so far OS REMAINS at 138,674,132 shares.
My feeling is after an initial bounce out of the 1.50 area we start to trade between $2.00-$3.00 until up listing or some other big news surfaces.
But then again...just a lot simpler to head to the cabin in the woods...eat tree bark and practice your downward facing dog yoga positions for the next 2 months and then come back and check where we are at... Namaste!
Just my opinions...anything could happen!
Daily chart:
Perhaps we will get lucky and see $1.50. What an opportunity to buy either today or Monday!!! Locked and loaded for that area...
Yep..ok...you got me there...I'm new to trading...thanks