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this looks like it may have found a bottom and could start a bounce. it's definitely oversold and indicators are starting to rebound. closed with a nice bullish candle. i'll be watching tomorrow to see if there is a confirmation.
well, not as strong of a close as i would have liked to have seen, but good enough. the indicators are looking great going into tomorrow, so hopefully we'll have a green day.
volume has slowly been building today although it is still below average. i am hoping for a nice close at EOD -- even if it stayed where it is right now (.19), I would be happy. I think that with a strong close, it will show up on more scans for tomorrow and that will bring in the much needed volume to get past the various resistance points.
thanks sbc, although "nice buy" is a stretch right now considering i haven't made much on it ;) but hopefully soon.
as far as octl, you're right that the sideways trend is weakening. i'm not sure that i can say which way i think it's going to break, but i'll watch -- thanks for the heads up.
inxr actually looks interesting to use an algorithm i have -- i don't have the capability to do so right now, but when i get home i'll run it and see if i find anything interesting.
well, i jumped in. not quite sure what exit i'm looking for or how much it will run, but i think we'll see a gain here.
not my site, but an interesting one nonetheless. not much to write about on the weekends so i've started reviewing different things on my blog that don't depend on the markets being open. anyways, marketmillionaires is just another tool to throw in your bag along with i-hub :)
as far as ERUG, i'm still on the sideline here, but i'm hoping the support at .07 holds and we start to see a bounce. time will tell ;)
thanks for the welcome exotic -- very kind of you. here's hoping to a good day tomorrow ;)
hi guys,
i know most of you are long term, but i'm looking to catch this if it looks to bounce off that previous bottom -- looks like a nice double bottom is forming. a hammer today and some of the indicators are turning up. not sure that it won't drop a little more, so i'll wait and hope to get in. good luck!
is anyone looking at this for a technical bounce?
3 month chart shows some nice support at .17. fast and slow stochs starting to turn towards 20. adx above 40 and looks like it may start turning which would mean that the downtrend would be weakening. stochrsi seems to be moving up from oversold across .2. rsi seems to be bouncing off 30. would be nice to see macd start turning up (right now just looking sideways but at least it's not pointed down). at the low end of the boll bands. not much volume today, but if it finishes with a bullish candle, it may start to show up on more scans for tomorrow. not a buy yet, but gonna start watching 3-5 min charts and look for a bullish close. anyone else looking at this?
well, guess not. i never got in. doesn't look like it's gonna run at all. glta who are playing it long-term!
Was that the good day you were referring to? Seems like some major dillution on the part of this one...I mean, "Wow!" Crusing along for a bounce and then someone starts unloading a ton of shares knocking stop losses out of the water...As someone else pointed out: this company is TOXIC.
yep, who knows...i'll watch the opening tomorrow and see what happens...my guess is that's an inverted hammer and we see some gains tomorrow, but i'm not gonna chase and no gurantees with these MMs it'll go up...
Had an order in for forever at the ask -- they never filled it.
sorry rvd -- not an ihub member so i can't respond to pms.
but yeah, it looked like it opened nicely although has been struggling around .03 and the volume seems to have tapered off. my guess is you will start to see some of the short-term players exit with their profits.
BUT it sounds like some people got some good news from the convention and that the company may release some great news soon! so, it may do just as i said a couple days ago: bounce from where it was, sink down a little, and then bounce back up with the great news that people were expecting. so, i may jump back in again soon with you guys :)
i think the scope of the upcoming dip will depend on how long it takes for the great news to come out...so we'll see :)
hey guys,
do you think this is close to finding a bottom here? hammer yesterday, and it would be nice if it closed up today. i'm not in yet, but indicators seem to be going back and forth between continuing down and showing a correction. volume seems light today, so maybe that's a sign the sellers have gone and it's time for buyers to come in...
thank you -- good luck. gotta look for another play ;)
no, my friend, happy golden trails to us all :)
yep! i actually sold at .028, which may have been early, but i was satisfied with my profits and will move on. if i had known it was going to close at .028 tho, i would have definitely stayed in! LOL. i think you'll have another decent open tomorrow, so GL to you rvd! i'm sure i'll be passing thru here again, but until then, it's been nice talking with you guys :)
well, back @ HOD. seems like every time MMs actually let it go, there is strong buying pressure -- wish they would stop playing their games.
MM shake in the last couple hours? I still think we'll see more out of this run...Anyone else?
thanks, me too. according to the ibox it says that 2006 revenue was primarily due to the sales of generators. now that they have sold this business, will this impact their revenue negatively? or have they grown their business to counter-balance this?
well, i jumped in. i believe i read that some financial statements were due around the 23rd (read it on hsm). like i said, i don't know much about the company, but i know i've made money on a bounce with them before, so i'm looking to do the same again.
yep, rvd is right in that people seem to be accumulating. i honestly believe it will bounce here but i'm not sure how long it will hold (and that's not really my interest). but i was reading that some good financials were expected to come out later this month, so maybe it goes up here, dips, and then goes up again...i don't know much about the company, so i'm not really sure whether or not the info i came across about the financials is correct...
you think so? i was just looking to maybe get in. are you talking long-term or short-term? long-term it will probably drop further than it is, but i'm looking for a bounce...
well, i'm out at .143 guys -- i'm just looking for small gains unless i know i can make more and the volume just isn't doing it for me on a friday.
interestingly, i had a sell order in @.142 and it filled @ .143, so take that for what you want all of you who are still in it :)
good luck to you guys.
150k -- that's quite a few. i guess you have a lot of faith in this company hehe...
i'm happy with my 12k @.122 :)
seems like there are some small orders going thru -- maybe that's who's getting filled...
doesn't seem to be running very hard unfortunately. the volume is killing us at the moment...
now that was a solid close! like i said, i'm not a long like most of you but looks as though we'll all be making some money tomorrow.
yep, i'm looking to get in this today. i'm not a long, only looking to trade it. but, i think it looks like a reversal is coming. adx looks like it's going to break 20, stochs are turning up, stochrsi heading up, on low-side of the bands, and seems to be decent buying pressure. not sure how much it will bounce today, but tomorrow looks promising :)
tomorrow will be interesting...i'm looking to jump in...
i agree. i'm still holding -- 3 min chart looking good.
it's been having a nice morning, moving up, consolidating, moving up again...we'll see where it goes -- hopefully to .06
i got in this yesterday...we're looking good ;)
volume is picking up now that people know which direction this is going.
come on .06!
hi everyone. i haven't paid attention to nova since the summer, but does anyone have any updates on the progress of the plants? thanks!
would you like fries with that? :P
LOL! Hey now, no name calling!
Well, I'm out -- I'm in the camp that thinks there is more money to lose here, so I sold my position. Some of us (me included) have said that we would sell the moment the company didn't hold to its word -- not releasing the audited financials, not completing the buyback by now, and the CEO resigning amounts to that for me. A CEO does not resign unless things are really bad, so frankly I don't expect anything good to come out of this -- other than me perhaps winning portions of a couple restaurants in Florida in court :)
I'm upset about it all and am also willing to join suit -- just let me know the details and how I can help.
Maybe they should hire their garbage man or janitor as the next CEO -- I'm sure they could help with the cleanup.
I hear all this new CEO talk, but who do you think they're going to get? What I'm saying is, who would take a job like this? Nobody with a decent track-record would align themselves with a company like this, so I'm not sure what everyone is talking about.
Yep, I am growing very, very tired of this nonsense as well. Breach of fiduciary duty is an interesting way to go although I think the legal costs will add up.
Question for everyone: If a company has $10 million in assets then they have to file documents with the SEC, right? If FGFC has everything they say they do, that's more than $10 million, right? So, if they have not filed any documents with the SEC, that means they must not have the assets they say they do...Does my reasoning here follow...??
Anyways, I sent an e-mail to the SEC asking for info on FGFC if they have any...We'll see if I get a response...