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Agreed. It's pathetic to blame MM for every selloff.
That said, this is a great buying opportunity.
I don't see any either, and I'm glad. Nice to see CPOW go up when there isn't any fresh news. We may be at the beginning of a new uptrend.
Yes, I'm clear on the deadlines thank you. I'm simply pointing out that the date on MYFT's last two quarterly reports is the 16th. That may be because they filed EOD on the 15th and they weren't posted til the 16th, I don't really know how pinksheets handles that sort of thing. Simply saying it's possible we won't see them til tomorrow based on previous filing history.
Judging by MYFT's previous quarterly filings, it's possible they'll be posted tomorrow. Quarterlies are normally due on the 15th and they've filed on the 16th for the last two quarters. One day late won't change their pinksheets filing status.
I'm still hopeful we'll see an audited SEC filing (hope isn't a word I like to use when it comes to investing but I'm in for longer term prospects even if we don't get a quick bounce)
If you read the press release, it clearly states that at this juncture it is simply a LOI, and MYFT does not expect the deal to go through until the 2Q of 2011, so no filing is required at this time.
http://finance.yahoo.com/news/myFreightWorld-Technologies-iw-2582643567.html?x=0&.v=1
I wouldn't count on it rebounding that quick. Maybe, but I don't think so.
Looking at MYFT's filing history with pinksheets, it seems they have reported earnings on time for a few quarters now. I don't know if the auditor will add any delay to the process, but since they engaged the auditing firm in October it seems like they've had plenty of time to get it together. No guarantees, but I'm hoping to see it tomorrow or first thing Friday.
Sweet. Good news, and those are good terms. IMO, 96% of the share price is exceptional.
Go CPOW!
That's a good point, and something I hadn't really noted. However, the reason given on the OTC daily list for the bump to the pinkies was the same as those 600 companies, and on the day that CPOW was bumped, 26 other companies had the same thing happen to them. So my original point about it not seeming to be specific to CPOW is still relevant IMO. Seems like this whole MM registration fee issue happened in waves.
Here's the link to the OTC daily list for 9/7/2010, the day CPOW was bumped.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=09/07/2010
SWEET!!
It's been a long wait but this baby is starting to run. Everything is pointing in the right direction now. .033's now up on deck. Hard to believe anyone would be willing to sell it but to each his own.
Congrats all.
CPOW got dumped to the pinks from OTC land with hundreds of other companies because MM were cutting back on the amount of companies they were willing to pay registration fees for. I posted a link to an article recently that explains it in detail. To the best of my knowledge, it was through no fault or wrong-doing on behalf of CPOW.
Yup, I'm still in.
The price action is kinda nutty though, either heavily manipulated or lots of stupid shareholders. Hard to believe people were selling at .032 today after the heavy volume in the high .03s. Same thing happened yesterday and then the buyers all flooded in just before the market close. You'd think people would learn but that's what makes a market I guess.
Looks like it wants to trend higher, but I do see the resistance at the high it hit on March 14th. If you look at a 14 month chart and draw a trendline across the highs you'll see what I mean. It may take some time to break that (I'm assuming if/when financials are filed, if the recent press releases are to be believed MYFT is undervalued IMO). I wouldn't bet the farm on this one but if everything goes right we have a multibagger on our hands IMO. I'd say either buy the dip and be willing to wait, or just wait for the breakout.
The weekly stochastics don't look so good, but the daily does so I think the weekly can improve. After last weeks red candle on the weekly, we got a nice doji closing just at the 9 week MA so I think the set up is there for a potential breakout soon.
JMHO, like I said I think it's worth putting some money in, but definitely not going overboard. If it breaks I'll buy more on the breakout though.
A nice flurry of buying activity to close the day, confirming the breakout from the downtrend.
God help those poor, stupid souls who sold at .029 AFTER the breakout. Goes to what I was saying before about pinks seeming manipulated, or overweight with stupid people. I suppose the positive is that it gives smart investors like us to buy cheap after a breakout. I hope anyone with free cash bought the dip.
GL longs...I think it's safe to say we hit a meaningful bottom today and bounced strong off it.
Yeah I was speaking for myself.
Yeah I agree. Buying on news pops is a suckers game. But the dips that follow can be good entry points if other aspects about the company indicate its a good investment.
Wow, check out that reversal. Things just turned a corner IMO, looks like .028 was the bottom after all.
For what it's worth I do agree about sitting on the bid but at the same time I guess you can't blame people for trying to get it as cheap as possible.
It's hard to know what to make about the price action in pinkie stocks sometimes. Seems like there is a lot of manipulation (or just some really stupid investors), but overall TA works so I put up with it.
Price action is terrible lately. I clearly jumped the gun and bought too early at .038 (I knew it would probably dip a bit from there but didn't expect to be seeing .028). Looks like this may be a bottom but that's what I thought at .032 so who knows. Not worried about it longer term but glad I didn't place too big a bet on this one.
Yeah, looks like we'll need some luck in the near term. Not too worried about the long term prospects though. Just a matter of waiting out the downtrend. If it hits .08 I'll probably be looking to add some more. Either that or just waiting for this downtrend to stop.
Looks like it's too early for any meaningful breakout, but agree that as long as it continues to close at or above .01 it'll turn eventually.
FWIW, I understand the reason nobody is bidding this up, and why nobody is too eager to sell. Just a holding pattern until JEDM develops some actual source of significant revenue. Todays press release was encouraging, and perhaps when we get more details about the headset and when it'll hit the market that'll put a bid under this thing.
I'm still holding what I have, but I'm reluctant to add more at the moment. Doesn't seem like there is any rush to buy, and I'd rather put the cash to work somewhere else in the meantime. This could take weeks or more to hit a significant turning point.
Yeah, this is definitely an investment/speculation on what CPOW will do going forward. The 10-Q didn't show anything spectacular (I had hoped to see some revenue from the KND agreement), but if the press releases are to be believed (and i don't see any reason not to) CPOW is approaching a period of rapid growth. I'm sure they leased the new space for good reason, & it would seem that a lot has probably changed between the end of January and now. It'd sure be nice for CPOW to give us an update though on some of those loose ends (the aquisition, the LOI with the Chinese company).
I jumped in at .1105, apparently didn't need to rush in though. I'll buy more when I see confirmation that we're at a bottom.
Shit, you're right. Thanks for clearing that up, Feb always jams me up.
OK, with that in mind the 10-Q should be filed by EOD today. I'd love to see it before the open or intraday but looks like they usually report after the bell.
I don't see why it would take til the 1Q to see revenue from the KND agreement. I'm less certain about the Chongqing agreement since, if I understand it correctly that is still just a LOI.
Agree that an update to clarify where the company stands on Chongqing (did the delegation ever visit, was the deal finalized?), Alabama Bio aquisition, and other matters would be great.
CPOW was moved from the OTC to the pinks for "failure to comply with rule Rule 15c2-11" which resulted in the delisting of 622 companies. This is through no fault of their own, something to do with not having a registered MM and in no way implies that anything has changed with the company itself. This article explains it much better than I can.
http://blog.redchip.com/index.php/stocks/otcbb-delistings-and-rule-15c2-11-what-happened
As for the filing deadline, the extension grants 5 calendar days from the original deadline, not from when the extension is filed. The original deadline was Mar. 15th (45 days after EOQ) So even though the extension was filed on the 17th the 10-Q should be filed tomorrow morning at the latest (should have been filed by EOD today but they could have filed it tonight after SEC hours and it'll show up tomorrow morning). Of course that's assuming they plan on filing on time.
I think the resistance is more than mild, but yeah the chart is shaping up nicely regardless.
The 2Q shows $245,813 in revenue. If the distribution agreement signed in Jan kicked in immediately, there should be a nice bump up in revenue for the 3Q (the agreement called for approx. $600,000 per month)
Going forward, between that distribution agreement and the sales agreement with the Chinese company, CPOW is poised for significant growth going forward. They were pulling in a couple hundred thousand dollars a quarter a few months ago, soon it'll be in the neighborhood of several million per quarter. Now THAT'S a nice neighborhood :)
Gotta watch that 300 day MA too. It's at .0043 and trending sideways at the moment.
The 50 day SMA is .0038, the EMA is .0039
Not something I'm opposed to doing by any means. If a stock is ready to run, it'll run regardless of where it is in relation to the 200 day.
HLNT is definitely shaping up nicely here, If it breaks the 50 day MA, then we have the 300 day MA...beyond that it really could go wherever it wants IMO.
Nice. I'm out of dry powder or I would have added as well.
I don't think the delay indicates anything bad, just taking time to dot the i's and all that. I'm not sure what to expect in terms of 3Q numbers, but this company seems to have a lot to look forward to in the 4Q and beyond. The deal with Chongqing must be going well if they CPOW had to lease new space to keep up with demand.
Yes, 5 calendar days from the original deadline, not from when they filed the extension, so they should file earnings by EOD Monday since the 20th falls on a Sunday. That's how I understand it anyway.
.0023 or .0032?
32 makes sense, 23 is hard to figure.
FWIW I think resistance at .0036 - .0039 will hold this time around. The chart is shaping up nicely, but I think it's too early to expect this to become a multibagger in the immediate future. This was just a nice airpocket in the chart IMO. The weekly chart shows that HLNT has a few more weeks of consolidation to do before making a bigger move higher IMO. I see a potential multibagger breakout sometime in April (maybe sooner if lawsuit gets resolved favorably, or other positive news comes in). Reasonable people may disagree but that's how I'm reading it.
Yup, looks like it was just a retrace to the 9/20 day MA which is pretty normal for a stock that's starting to trend higher.
Seems like an interesting company with lots of potential. North American alt nrg companies are good places to be investing right now.
I'm in at .1105, just came back and see my order was filled. Nice technical setup here, on an admittedly newish chart with little history to go by but still thought it was worth buying the dip.
GL, just wanted to give a shout out.
Holy reversal batman!
I thought this was going to break down this morning, but wow! Something is up here, can't find any news though...must be something coming though....
Man, I shoulda bought the dip this morning...
I'm in at .038, looks like there is massive upside from here.
I'm not expecting much, expecations are the surest way to get disappointed. But to be clear, the equipment shouldn't take that long to install & test IMO. It's not like it's a nuclear reactor. ;)
Yup, the momo sure has turned on this one back to the positive. Amazing what a little piece of news (which was just confirmation of what they announced in January) can do for investor sentiment.
Go CMIN
Yes, news was good and sorely needed to put some support under CMIN. A close at .15 or higher for the day would go a long way towards suring up support here. Expecting some production to take place before EOM puts something on the near horizon. I don't think we pop here just yet, but like I said some much needed support.
Congrats to all who held through the worst of the storm. I may have bitched and whined a little, but sure glad I held as well.
Yup, price action was very, very good today. This is the first sign of a breakout that I mentioned I saw as a strong possibility this week (as opposed to the breakdown which I also flagged as a possibility but now seems highly unlikely).
Next resistance is .025, then .028, a close above .025 for the week sets up the weekly chart beautifully.
Yup, that's the big question. It'd be nice to have some eyes on the ground out there to see what they are up to. Better yet a press release with some actual details of exactly where they are at.
I've been digging through the history of PCFG lately(reading old press releases). Seems like they are always moving in the right direction, but often at a snail's pace