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NOTICES TO DRILL, RE-WORK, ABANDON
0 notices for Tri-Valley for week ending 5/17/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/05-17-2008.pdf
0 notices for Tri-Valley for week ending 5/24/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/05-24-2008.pdf
0 notices for Tri-Valley for week ending 5/31/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/05-31-2008.pdf
0 notices for Tri-Valley for week ending 6/7/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/06-07-2008.pdf
0 notices for Tri-Valley for week ending 6/14/08
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2008/06-14-2008.pdf
Good question BREACHER.
And I don't have the definitive answer.
I would think any shares/cash combo verbiage or cash only verbiage would have been in the exit filing we saw.
As it happens , that exit filing talked only about cash and options as I recall , maybe something else like extended health benefits , but I don't remember seeing anything about shares in lieu of cash.
jonesie
He must have bought after his exit?
I haven't seen a filing yet about his insider purchases.
Hmmmmmm. Perhaps ....
.... they had very modest hopes.
Kind of like the modest threshold which must have been in place for awarding bonuses based on no visible accomplishments/achieved metrics at all.
But then that's JMO
jonesiethenitpicker :)
gumshoe, re: "notices to drill"
I missed your question earlier.
I don't think so. I've posted at least one notice to drill which was coded as 'c' for confidential (as to output) , but it was listed in the DOGGR 'notices' section of their website.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28056800
"or will that '3 days in play, take your pay' traders' adage kick in and allow for at least enough temporary consolidation to fill that gap before continuing upwards"
Well , certainly the 3rd day saw the highest prices in this upwards move , and disciplined traders could have exited intraday on that day or could have taken advantage of the 4th day in which the PPS help up pretty good.
Nowhere near filling that gap between $7.7x and $7.9x , and it remains to be seen if the current Russell and production-anticipation environment will allow that to be filled any time soon , or at all.
JMO
jonesie
Thanks smoke, I forgot.
I think I got confoosed, I kept hearing something about June X, 2008 but I guess that was just the date Apple announced the new phone, right? The new one's not out yet? Wasn't there some fairly detailed info out a while back about what all was going to be on it?
TIA
jonesie
It would have to have a positive effect , you're right.
If this price level or even higher could be maintained , seems like it would be difficult for YA to accept a lower offer.
Meanwhile some actual news might help.
We're coming up on the 'reset date' in the USPTO process. Sometime 'in July' with a status report to be issued 10 days prior.
jonesie
Well, tons of good luck to us all.
In addition to wishing that Bena's rumor is true (at least if it has something to do with NEOM lol) , and/or hoping our patents are upheld and are really worth something , and hoping CH actually did something which IM is actually going to build on .... I can only hope that HDSN was in fact selling YA shares hand over fist in the low .002's and .003's.
I know , that's mean lol , but ....
jonesie
That's possibly true.
But I wasn't asking beacon about her interview , I specifically asked him about her 'rumor' and the timing of it. smoke20 provided that to us pre-market yesterday and it was dated 6/19
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30112589
http://www.gomonews.com/massive-mobile-barcode-rumour-alert/
Prior to that rumor , NEOM had double-bottomed at .0022 , had hit an expected resistance point at .0039 and fallen back to .0033.
Rumor ----> price/volume surge.
regards,
jonesie
What do you think about ...
... the 'Bena Effect'?
Coincidence that the person who seems to be the new-found friend of and interviewer of and party-er with the Yorkville guys provides what was probably the sole impetus to our share price?
Woohoo , .0052!
jonesie
I'm glad you pointed out that post of mine , Beam
The only thing changed in this chart from when I posted it on 6/16/08 is the green circle near the bottom noting that Acc/Dis moved above the downtrend line which has been the case for quite a while.
Other than that , Aroons still playing nice , Wm%R as well , ADX +DI/-DI still playing nice since the positive cross was first noted , RSI moving up since that first 'peek' over 50 , and after a very brief respite when hitting .0039 for the second time and falling back .... the Bena-Rumor fueled enough interest to push us above that resistance area.
We closed yesterday at the same .0045 where stalled back on 4/28.
If we could , just for once , not have what apparently has been relentless selling by YA .... then momo players + anyone buying breakouts "just in case" + new readers of Bena's rumor could easily fuel a cruise up to 0.0065 where we saw support for most of March. Then we might see if the buyers who provided the support there were happy to be back even and sell , causing the resistance we see lots of times at previous support areas .... or not.
It will be fun to see whether breakout-buyers provide some continuation here or not. The action has hit a few traders' screens/scans , as we obviously have some new folks here.
JMO
jonesie
There are certainly several possible scenarios , alexyba
Just for information's sake , it would be great if the SEC would eventually mandate daily short interest reporting. It would perhaps help them to monitor FTD problems in many stocks more closely , and it would be interesting for us to be able to see more precisely when and how much short covering was taking place relative to various events.
For instance , in the current timeframe the short interest report which just came out and the next one out will be bracketing a period which includes not only some of the current short covering due simply to the move up in TIV's price , but also whatever 'deal' might be worked out , if any , between Index Fund buyers and Short Sellers on Reconstitution Day itself.
It would be pretty cool if we could see those as discrete events.
I agree with you that what's going on now is probably a mix of three things:
(1) 'loosely indexed' funds buying ahead of Recon. Day because their internal rules allow them to do so. They attempt to mirror the various Russell Indexes but they don't have to buy shares in every company and per specific weighted percentages. I think they can pick and choose (SA12 , correct me if I'm wrong) and they might well pick an energy company with some good prospects being PR'd and having a significant short interest , and
(2) Some amount of short covering by 'smaller' short-side swingtraders who might have their own fairly tight rules regarding stop losses , just like many long-side traders have , as well as any of the bigger , more persistent shorts (shorts in at higher prices than the current PPS) who are unsure as to just what TIV might have up its collective sleeves , and
(3) Normal buying on the long side by those anticipating a nice boost on Recon. Day and ultimate confirmation of TIV's PR'd numbers.
I agree with your gamesmanship comment.
Let's see what kind of finish we have to this week! The combined buying interest has for the first time in a great while been strong enough to surge TIV solidly past the resistance in the $8'ish area (heck , TIV gapped up over most of it lol) and then quickly well into the area around low $9's where we've encountered resistance in the past.
JMO
jonesie
As long as they prepare the groundwork properly ...
... in their SEC filings , they can do anything at all which they have the rights to do.
As long as it's done legally and without error.
JMO
jonesie
And I'm glad it didn't!
Bumping down 10 levels over the last great while was getting very old.
Things stay the same ... until they change LOL
We've certainly seen some excitement surrounding Bena's rumor.
Perhaps we'll know soon if is there any substance to it as regards NeoMedia.
THAT would be a pleasant change indeed!
jonesie
clawmann , the last time we saw this kind ....
.... of 'share' volume was on 10/9/06 , Day 2 of the Tobin sell recommendation.
25,817,910 shares.
And of course Day 1 was 10/6/06 , 42,426,670 shares.
But on those days the share price was bouncing between 6 and 11 cents so the dollars traded were relatively huge.
At today's mean average PPS of $0.004 per share , $102,856 worth of shares traded.
The last time we saw that kind of dollars changing hands was probably around 12/31/07 when 10,657,300 shares traded at a mean average price of $0.01175 for dollars traded of roughly $125,000.
On 10/23/07 when 13,249,650 shares traded and we saw a mean average PPS of $0.027 , $357,740 moved around.
So yeah , it's been a while since there was this much shares and/or dollars interest in NEOM.
Nice to come back to a nice green day!
jonesie
SHORT INTEREST AS OF TRADE DATE 6/10/08
Short Interest for TIV as of Trade Date 6/10/08:
2,324,030 shares
Short interest was up 27,898 shares during the most recent reporting period. This period covers trading from 5/28 through 6/10.
Month-----ShrsShort---- % Change
---------------------------------
Jun 2008 - 2,324,030 ------ +1.21%
May 2008 - 2,296,132 ----- (-1.90%)
May 2008 - 2,340,630 ------ +0.86%
Apr 2008 - 2,320,625 ----- (-1.61%)
Apr 2008 - 2,358,507 ----- (-1.16%)
Mar 2008 - 2,386,251 ----- (-0.30%)
Mar 2008 - 2,393,494 ----- (-0.37%)
Feb 2008 - 2,402,283 ----- (-0.43%)
Feb 2008 - 2,412,708 ----- (-0.17%)
Jan 2008 - 2,416,782 ------ +1.88%
Jan 2008 - 2,372,266 ----- (-0.40%)
Dec 2007 - 2,381,745 ------ +0.02%
Dec 2007 - 2,381,262 ----- (-0.02%)
Nov 2007 - 2,381,837 ----- (-0.83%)
Nov 2007 - 2,401,841 ----- (-3.97%)
Oct 2007 - 2,501,137 ------ +0.71%
Oct 2007 - 2,483,500 ----- (-0.30%)
Sep 2007 - 2,490,932 ----- (-0.84%)
Sep 2007 - 2,511,943 ----- (-0.56%)
Aug 2007 - 2,526,079 ----- (-3.35%)
Jul 2007 - 2,613,736 ----- (-4.92%)
Jun 2007 - 2,749,037 ----- (-0.42%)
May 2007 - 2,760,565 ----- (-0.39%)
Apr 2007 - 2,771,400 ------ +1.82%
Mar 2007 - 2,721,853 ----- (-0.57%)
Feb 2007 - 2,737,463 ------ +1.64%
Jan 2007 - 2,693,334 ----- (-2.77%)
Dec 2006 - 2,770,185 ----- (-1.5%)
Nov 2006 - 2,811,009 ---- (-11.9%)
Oct 2006 - 3,192,293 ---- (-2.27%)
Sep 2006 - 3,266,297 ----- +0.09%
Aug 2006 - 3,263,093 ---- (-5.04%)
Jul 2006 -- 3,436,104 ---- (-17.3%)
Jun 2006 - 4,156,544 ---- +13.87%
May 2006- 3,650,143 ------ +1.83%
Apr 2006 - 3,584,379 ----- (-5.41%)
Mar 2006 - 3,789,445 ----- (-4.23%)
Feb 2006 - 3,956,897 ----- (-3.56%)
Jan 2006 - 4,102,837 ------ +3.86%
Dec 2005 - 3,950,446 ----- (-1.88%)
Nov 2005 - 4,025,937 ------ +5.01%
Oct 2005 - 3,833,789 ------ +1.39%
Sep 2005 - 3,781,376 ------ +9.56%
Aug 2005 - 3,451,421 ----- +24.25%
Jul 2005 - 2,777,900 ----- +39.66%
Jun 2005 - 1,989,039 ----- +20.65%
May 2005 - 1,648,631 ----- +40.68%
Apr 2005 - 1,171,931 ---- +113.52%
Mar 2005 --- 548,854 ----- +86.95%
Feb 2005 --- 293,590 ---- +327.46%
Jan 2005 ---- 68,682 ----- +96.67%
Dec 2004 ---- 34,923 ----- +37.38%
Nov 2004 ---- 25,421 ----- +10.40%
Oct 2004 ---- 23,027 ---- +408.66%
Sep 2004 ----- 4,527 ---- (-59.68%)
Aug 2004 ---- 11,227 ---- +132.59%
Jul 2004 ----- 4,827 ---- (-31.31%)
Jun 2004 ----- 7,027 ----- +55.22%
May 2004 ----- 4,527 ------ TWBFTS-
Apr 2004 ----- 4,527 ---- (-94.73%)
Mar 2004 ---- 85,881 ---- (-13.21%)
Feb 2004 ---- 98,951 ---- (-00.88%)
Jan 2004 ---- 99,833 ----- +00.89%
Dec 2003 ---- 98,951 ---- (-18.30%)
clientsadvisor:
re: "Tri-Valley must be routinely reporting its production to the DOGGR: It is NOT late, rather it has confidentiality agreements on its production (PV and Moffat) granted by the DOGGR so others cannot view the data for now.
That is to say, in fact, TIV does report monthly to the DOGGR but the Pleasant Valley wells are on confidential status which means the DOGGR does not then release the reports in the publicly published monthly summary. And that TIV is not in or near the “penalty” phase."
I'm sorry , that is simply wrong. You can email DOGGR just as easily as I have and find out that TIV has not reported any results on any wells , confidential or non-confidential , since their January production report.
That having been said , how very nice to get back home and see TIV with another significantly 'green' day , and again on substantial volume.
A lot of somebodies are buying! And we're not even at the official Recon. Day yet.
I think all of your enumerated comments as to who might be buying and why they might be buying are valid.
As I've said before , I think the combination of TIV having been added to the Russell 3000 and the possibility of substantial production/revenue increases could well make this the most exciting/interesting Russell Season yet.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Well , I hope NEOM doesn't get sold today!
Gonna be out most of the day and would hate to "miss it"! lol
I think I hope Bena is talking about NEOM.
Good luck to all!
jonesie
Another nice start.
It will be interesting to see how this 'gap up situation' resolves itself over time ... 'gap and go' based on changed fundamentals , or will they need to fill at some point in time.
Gotta be out most of the day , good luck to all!
jonesie
"the mentioned gentlemen seem to be on the conservative side and do not want expectations to be to high, like last year at Temblor Valley"
That's a good point. But if they don't "want expectations to be too high" , it would seem that eliminating the PRs with the increasing but unverifiable (and unsustainable?) production numbers and publishing the actual numbers via DOGGR would be the correct way to insure that expectations were more closely aligned with reality. Unless my earlier 'kill the shorts 1-2 punch' scenario turns out to be the scenario lol.
Since I spent some time today outlining how the current scenario could well lead to significant additional share price appreciation from here , let me temper that a bit lest someone think I strayed too far from my normal objective 'show me the numbers' stance :)
Since you mentioned Temblor and expectations , we certainly saw building up of expectations in the past , with lack of substantial outcomes to date , unless enhanced Temblor outcomes happened February thru May 2008.
Temblor production monthly average 2005: 2310 bbls
Temblor production monthly average 2006: 2134 bbls
Temblor production monthly average 2007: 2232 bbls
What was PR'd about Temblor Valley , just in 2006 , and not including 2007's PRs about more drillings , test wells and waterflooding , were statements such as:
"Tri-Valley sees two examples of high density and horizontal drilling on similar acreage blocks in the area that each produce well in excess of 4,000 barrels per day and it plans to follow that approach in developing its property."
"Through reworking more than 60 existing wells on these properties, drilling perhaps hundreds of new wells and modern technology, we expect to deliver exceptional new value to Tri-Valley shareholders."
"estimates the potential recovery from an average 200 feet of pay within its lease boundaries could be in the range of 30 million barrels or more for Tri-Valley and its partners"
""It is our goal to work over 28 idle wells, drill four core wells, and two horizontal wells yet this year on our Temblor Valley property with the aim of reaching 1,200 barrels of oil per day from just that one property," Blystone said."
"This is designed to exponentially increase production from the Temblor Valley properties"
"estimate 300 million barrels of oil in place in the zone for some percentage of recovery which, with modern methods, could exceed 10 percent."
"would potentially add another five million barrels on the Company’s recovery model for the Temblor property."
"Tri-Valley originally estimated its 700-ace lease block adjoining the prolific South Belridge Oil Field held approximately 300 million barrels of oil in place based on an estimated 200 feet of high porosity diatomite interval. But the thicker interval suggests the possibility of perhaps twice that amount in place but it is doubtful all of the zone will be productive."
But now many things have changed.
Except for the "expectations part" , which has certainly been built up relative to PV with the sequential PRs citing specific-day production numbers (that might or might not be sustained initially).
And the part about actually seeing for a certainty what is "overdelivered".
I guess that's the flip side to the coin , the other side being the happy possible scenario I described earlier which could result in a short squeeze.
JMO
jonesie
WOW!!!!
Up 37% since TIV's addition to R3K/R2K was announced.
1.3MM shares traded in 3 days.
This could be the most interesting Russell Season ever for TIV.
JMO -jonesie
correction lol
The report after this week's report "will be out on 7/24 and will be as of Trade Date 6/25/08" should have read "will be out on 7/10 and will be as of Trade Date 6/25/08"
sorry
jonesie
That's correct gumshoe.
And that short report will give us one of the missing datapoints for the 2008 Russell Timeframe graphic.
Actually the report coming out this Thursday will give us the short interest as of Trade Date 6/10/08 (which has a corresponding Settlement Date of 6/13) , but close enough to use as the 'beginning point'.
The next report will be out on 7/24 and will be as of Trade Date 6/25/08 , slightly before the Russell Reconstitution Day itself. That one will tell us a lot about what's been going on this week as it might relate to the short interest.
After that we'll see a report on 7/24 , as of Trade Date 7/10 , and that one will tell us something about what happens (happened?) on Recon. Day itself.
jonesie
Exactly gumshoe!
We have long wished for a 'one-two' punch in the past when some PR or event or rumor or speculation or Russell-buy-in or T.Gamble purchases had the price moving upwards. We always said something like 'now would be the perfect time for TIV to release the PR or production report stating/proving something huge!".
Up until now we haven't seen that wish fulfilled.
This particular Russell Season could well provide some very entertaining 'fireworks' or maybe even some nukes being lobbed back and forth LOL.
Picture this:
1) As I suggested , shorts waiting for the Russell-buy-in peak , or perhaps already prearranging another 1,000,000+ trade through the specialist wherein they sell (short) the shares which the Russell funds have to buy that day.
They arrange this because of exactly what I speculated happened in 2005/2006 , and because they don't believe TIV will have 'the goods' any time soon.
2) The trade goes off as planned , most likely at a share price substantially above today's share price , but not at too high of a price , because the Index Funds do have some negotiating power on their end of the deal and the last time they bought in they got clocked.
3) Within moments/days/few weeks after that trade occurs and the short interest is 1MM+ shares higher than it was a month earlier ... Lynn reports February , March , April and May production to DOGGR , for all wells including PV ... maybe even June'snumbers by that time .... proving that the PR'd numbers were either right on or awfully close to reality. Or maybe PR's something even bigger.
4) The shorts finally get caught in a short squeeze and the PPS rises appropriately , responding to both the news/reports + the short covering.
Nice story eh? ;)
It would be perfect timing , and would be one of two explanatory scenarios as to why the obviously very late DOGGR reporting has moved into the Penalty phase. (Those penalties aren't very high though , and might not deter the implementation of such a plan lol)
Here's hoping for just that sort of scenario , as opposed to the past times where Russell Season has represented one more spike in a downtrend.
jonesie
p.s. Nice consolidation today above that downtrend. Shoot , usually when consolidation takes place it causes a bit of a pullback , and we're not seeing much of that yet. I only call it 'consolidation' because of the huge number of shares changing hands today. No gap fill , no serious retracement as of yet , and TIV is still trading closer to the HOD than it is to the LOD.
Is that really what was said? (edited)
Two comments on that.
1) Actually , one is a question: Was it more like cellphone-based 2d barcode reading technology will one day be used by millions/billions of people , or was NEOM's involvement actually mentioned?
2) CH and/or GO told everybody in a CC earlier last year "we will be cash flow positive by 3Q07" and "the $10MM equity investor is 90 days away".
jonesie
(edited to add): p.s. re: Gavitec, I don't know. Is Gavitec a $45MM company? Gavitec could be sold for less to fund some more time for NEOM to print some more shares/debentures/SEC filings.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
One other note on the short interest ...
... just to make sure I beat it to death LOL
As we saw in my graphics recapping the changes in share prices , volumes and short interest within the Russell-timeframes for 2005 , 2006 and 2007 , the shorts have weathered some significant spikes in the past.
In 2005 they came out of a run-up to low $14's with a significantly higher short interest (1,000,000 shares higher in fact) and a period of falling prices. It's almost like they waited for the peak price then shorted/sold a whole lot of shares into the Russell-buyin (to the Index funds themselves perhaps?) , then had the opportunity to cover some of those at lower prices later on and book a profit.
In 2006 we saw them weather a pre-Russell run to $9.50 , then a Russell-sell-out price of $8.25 , coming out of that with a significantly lower short interest and , again , another period of falling prices. One might even speculate that a really smart-big short could have shorted in June of 2005 in the low $14's and maintained his short for a year , covering in June of 2006 at $8.25 , pocketing over $6 per share while retail shareholders and Russell-indexed funds all lost $6 per share.
2007 was a Russell non-event for TIV , even though it saw some buying in advance of the cut-off date. Short interest was roughly the same pre- and post-Russell , and the share prices were roughly the same as well.
So , now we come to 2008 and a definite TIV Russell-event , with the peak 'buy-in price' yet to be determined. It will be very interesting to see , after the fact of course , if changes in short interest mirror the changes which occurred in 2005 , at least in direction if not in magnitude as well.
While one might infer that the entities behind the short interest are not cowed by runs to $8's or $9's or even $14's .... they certainly have taken advantage of the BIGGER opportunities the Russell-related PPS-movements have afforded them.
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Regarding Iain's pay package ....
.... someone just reminded me of the magnitude of Iain's pay package.
Base salary + incentive pay + bonus for meeting objectives = 240,000 pounds sterling or , as of today , $469,344 USD. That's the number if a pound sterling is the same as a British pound (GBP) anyway.
Wow , is that even higher than Chip's?
Anybody see a NEOM exec not get the incentive pay lately?
Anybody ever see a NEOM exec not meet objectives lately? Even though we have no clue what the objectives were and they certainly were not aligned with retail shareholders' objectives?
$469,000 bucks a year plus some cash for health insurance plus expenses plus a potential $1,000,000 to $5,000,000 sales commission.
As we noticed , "the sale of the components of the Company’s business (in one transaction or a series of related transactions) of more than $45,000,000 shall be deemed to constitute a sale of substantially all of the assets of the Company."
Isn't that what has been pointed out as the approximate amount which our 'good friend' YAGI has 'invested' in NEOM to date?
I've never seen verbiage like all of that 'sales' stuff in an employment contract before. Sale of the company seems to be the objective. $45Mil is the magic number. YAGI could get all of that.
Chip himself made an unsolicited comment to me , paraphrased herewith .... 'if a company is deemed to be insolvent it is the prime fiduciary duty of the CEO to take steps to protect the interests of the secured debtholders , steps including 'chapter it'.
Or it could be that NEOM be 'taken private' somewhere after a sale meeting the parameters of that mess of SEC filing verbiage , and we'd get that day's share price + nada or whatever they wanted to offer us.
To me , the only 'wild cards' in that big ol' equation are ...
1) If a sale is the sole objective , why couldn't Chip have accomplished that? Why change CEO's to do that? Would Chip have refused to do that? I wouldn't think so , but .....
and
2) The patent ruling. Regardless of whether the patents could actually give us ownership of some bridge or not , a win in that arena might generate some buying excitement. Last we heard , a USPTO status meeting was pushed out to sometime in July. Is Neomedia talking to those guys on a regular basis as part of the process? Are they allowed to? Could Neomedia have gotten a sense of the direction things are taking? If so , does the changing of CEO's prior to that meeting and putting all the sales verbiage in Iain's employment contract provide us with any inkling of what Neomedia might have been told , or might be expecting to be told?
So many questions ... so little worth to our shares lol.
JMO
jonesie
gumshoe , I think it was alexyba who noted that ....
.... and I have no idea. Your thought is certainly valid as the specialist could be matching up larger 'block' bids with smaller amounts put up for sale by whoever is selling.
One thing for sure ... around 850,000 shares have traded so far in the last 3 days. Two sides to every trade so there have been buyers , and there have been sellers. We'll know sooner or later who guessed right.
What do you think shorts are doing or might do?
My guess is that some shorts might have covered when TIV started moving up on heavy volume , sensing continuation. I wouldn't think they would have been shorting over the last 3 days as they know the Russell-buyin should pop the stock up even higher.
Some shorts are probably counting on (1) the opportunity to short or short more at that higher point at the end of June and (2) TIV's PPS performing as it has after previous Russell-induced run-ups.
The wild-card in that scenario would be .... what does TIV really have up its collective sleeves relative to real production , and when will they report it in a verifiable way.
In time , all things will be known! lol Meanwhile volatility and/or the beginnings of 'random walks upwards' are so much more fun than flatlining!
JMO
jonesie
Amazing thirty-cent gap up this morning ...
... continuation of which blew TIV through what might have been some slight resistance around $8.00-$8.20.
And now TIV is trading right around what would ordinarily be the next resistance level which could require some volume to get through ... the low $9's.
Going for three back-to-back-to-back 200,000+ share days.
It will be interesting to see whether this turns into a real 'gap and go' situation running into Russell Recon. day .... or will that '3 days in play, take your pay' traders' adage kick in and allow for at least enough temporary consolidation to fill that gap before continuing upwards.
In either event I think the prospect of the Russell buy-in should result in TIV being even higher than it is right now by the time June 27 comes around.
JMO - jonesie
gotcha , I see that now
There was definitely more selling pressure at the second bottom of the W in the Feb/Mar timeframe , evidenced by the lower low as you say.
thanks!
jonesie
What a start!!
Look back at that Weekly Chart in the post I'm replying to. That green candle looks like a rocket that has been LIT lol.
If any of the strictly-indexed Russell funds are watching , the ones who CAN'T buy in until the end of June on Reconstitution Day , they're saying 'stop, stop, wait, wait!' lol.
Nice chart MaryKate, thanks
Does an 'elongated' "W" like the one which occurred with NEOM back in Feb/Mar qualify as a potential W-bottom? The one in your example is a little 'skewed' like mine , so I used a little latitude in putting this one in.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
That's some funny stuff in there Personalizit ...
... thanks for the early chuckle! :)
In addition to the #4 you pointed out , "3. NeoMedia has always, and will continue to keep shareholders apprised of any material information, in line with what is expected from a public company."
So , nothing material other than hirings/firings/loans has happened in what , 9 months now?
Yet bonuses keep getting paid , and nice parting gifts all around.
jonesie
The Weekly provides an interesting look ...
... at volume.
It has taken some relatively (compared to recent weeks) high volume to get through this downtrend.
Looking back at 2005/2006 , the In/Out years for TIV's previous Russell experience , we can see the much higher volume we have yet to look forward to , as well as the price spikes which occurred during both events.
Hopefully we will see some continuation now with consolidation above the downtrend. Then the Russell buy-in will do whatever it does to the price. Then TIV's production could support continuation upwards beyond the Russell buy-in , rather than anything like the past years' subsequent fall-off.
4 trades at $8.00/sh that all appear to be after hours yesterday. 1200 shares , 1500 shares , 200 shares and 100 shares.
jonesie
Do you know what kind of volume that was on?
I'll have to look when I fire everything up later.
We could be in for a record-breaking Russell Season , percentage-wise for certain , and with the added ingredient of production increasing to whatever extent it's actually increasing on a monthly basis , dollar-wise as well.
This sure beats those $6'ish doldrums!
jonesie
alexyba , guilium , a very nice day
I had to leave mid-afternoon and missed the last 90K shares and the close but wow! If we can get some follow through here ....
jonesie
Back-to-Back 200K+ share days!
We haven't seen that in QUITE a while.
We're already at the 20% total gain TIV saw during 'Russell 2005' , from the day TIV was added to the Russell to the peak share price afterwards.
Lots of time to go this year and the strictly-Indexed funds haven't even bought in yet.
JMO
jonesie
Attempt Number Four -- Soooooo close!
Might take a bit to gain enough impetus to break this long-term downtrend to the upside , but it's clear to see TIV is very close to doing so.
4th time the charm?!
jonesie
Above $7! First time since Jan/Feb!
And on much stronger volume than back then too.
TIV solidly above the lower of the two downtrend lines in the descending triangle shown below , and threatening to break through the higher downtrend line to the upside ... nearly there.
Keep this up and TIV could be back to the late December '07 price levels in the high $7's and a little ways into the $8's!
jonesie