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Oh don't worry, it was just a sale of 1,000 that took it down right at the end. Demand was good and the bid was moving up all day.
Great day so far! We've moved right up to the 100 day MA. Looks like we'll have a close solidly in the green.
Nicely done. Make no mistake about it folks, .30 is still dirt cheap.
Daily volume has only been in the 150-300k range recently, with a large portion of that being shorts. Would a short squeeze create something like what we saw on Dec 9th? No, but I can say quite confidently that we'd see a nice 25%+ pop. And why wouldn't that be great?
Tell me, what facts is your "expect massive delays" statement based on? It looks like one of the GNCs in NYC on 5th Ave is well aware of EnerJel. Is that not big enough for you? Others have also confirmed that other locations are aware of the product and are receiving it soon as well. This is for real. Of course we have to keep in mind that you are the same person who not too long ago stated that Fuse had no plans whatsoever for EnerJel...
Also, I'd love to know how a stock increases in value over 50% with a "lack of buying". Can you explain please?
The "look for drop to end in the red and solidly in the 20 cent bog pit" statement also stands out. What is this based on? We have seen weeks without a down day, and we are approaching the last weekend before launch. It seems to me that the "smart money" knows now is the time to get in.
You really need to learn patience. Your negativity is just not justified at this point, as the reality paints a very different picture than what you try to get across every day. There is a reason why people aren't listening to you and the buying hasn't stopped for 3 weeks straight.
Last but not least, I have to say that the final part of your second paragraph is just outrageous. Much more benign posts are removed daily, so I am not sure how that made it past the moderators. We all know what you meant by it's "you know what."
Over 100k shares offered at an ask of .310 disappeared. Ask at .319 now. Moving up..
Buyers just chewed through .306, .307, .308 and .309. Larger bids popping up now as well. Looks like someone wants in before EJ hits the shelves next week.
Agree completely. If I wanted to buy it (and I don't), I would be looking at somewhere in the low to mid teens.
Alright, well may I ask why you think we've stalled here? Is it because of the low volume, and/or lack of massive 50%+ up days?
Also, I am not sure how much you care about the charts (some don't), but we have broken out of a 7-month long downtrend, which is another great sign. (I can give dozens of examples of how trends can indeed be identified in pinks.)
Like shore, who has invested 10x as much as he originally planned on (!!), it seems we've all bought as much as we can. We do indeed need new, enthusiastic investors to get us moving up quickly -- and I do feel that they will come once the product gains some visibility.
I do apologize if my first comment came off as a little too harsh, I am just not sure why someone would feel that this could be a time to sell.
One last thing -- Let's also not forget that short interest is over 2 million shares. These people must be getting nervous with the 50% move up in the last 2 1/2 weeks, since we haven't seen a down day since May 22nd... and they will be forced to cover sooner rather than later.
Great advice, shore.
Josh, I have to ask: Have you been paying attention to this company for the last month? We have recovered from the "stall", and things could not be anymore positive than they are right now. EnerJel will be in stores next week. Drops around the corner. OneUp has been releasing updates and new products, and that partnership will expose millions of people to the brand.
Once more people find out about this company we can expect an influx of new, excited investors. Most of the current investors have already loaded the boat with as much as it can hold, and that is why we aren't seeing huge volume numbers. Just remember that this company is still virtually unknown.
Also, the goal of the soft launch was not to get massive sales -- that is why it was a soft launch. What it did was provide a lot of feedback from customers and allowed them to refine the product so less people experience side effects. That is a successful.
I will say that losing my patience and selling at a loss was my greatest weakness in the past. Patience is extremely important in investing. If you believe that the story of the company is still intact, that they are still heading in the right direction, then there is no reason to sell. If you really do believe Fuse has "stalled"... then be my guest. But very few people would share that view at this point.
Taking a closer look, the chart clearly shows a descending triangle (bearish), and in late April began to break below trendline support. Needless to say, this was bad, and continues to be bad. (Note: On a log scale chart it showed up as a symmetrical triangle, but nevertheless broke downwards in the same fashion)
I do believe this one is headed to .0001 like everything else Gelmon was involved in... I am glad I got out of this one a long time ago, and I am sorry to hear about the others who lost a lot more than I did.
Yes, it would be great if there wasn't another product with such a similar name. Unfortunately, it is there, and we have to deal with it. Let's remember that the whole "powered by FUSE" thing is a large part of their advertising campaign, so people should know to look for Enerjel by FUSE. Another positive to keep in mind for the future is that this product will eventually be sold in a lot more than just GNC stores.
On a similar note, I recently visited exelon.com hoping to find EXC's homepage, but it was instead the website for the "Exelon Patch". Of course I ended up finding the right page, and people will likely find the right EnerJel they are looking for as well.
Do you have an iPhone/iPad to try it out with?
I have a few iPhones in the drawer from when I was with AT&T, but now I have a Droid on Verizon.. and last I checked, the OneUp games were iOS-only (but they had Android, and Facebook, versions in the works)
Thanks, LG!
I do feel the dailys are most appropriate at this time. Someone asked me somewhere about the weeklys (sorry can't quite remember where that post was.. lots of posts here these days!), and my opinion is that the weeklys are telling the same exact story as the dailys. It is a pretty short history we have to work with, but we are at a very interesting stage now and I can't wait to see how it all unfolds.
Glad you found it useful! I agree that it is great to have so many dedicated members here who do everything they can to provide all of us with meaningful information regarding Fuse.
Thanks Bays, I am glad you found it to be useful information.
They are pretty amazing tools, especially when used to examine trends. I think we've all heard the phase "the trend is your friend", and truer words have never been spoken.
There is a very good chance we are witnessing a change in the long-term trend -- technically, we did close above the top of that downtrend (which was at .285 today on my chart), and some may say we have officially broken it... but I'd like another day of confirmation.
With that said, a "long term" trend typically covers a period longer than 7 months... but, DROP hasn't exactly been around for very long, so that's all we have to work with at this point. This is why I've been referring to it as a longer-term trend most of the time (longer than the short-term trends I identified)
So, I am glad to hear that I was able to explain the chart in a way that people can clearly understand. Not only can they tell you about the past, but they can at least give you a glimpse of the future, especially when it comes to identifying which levels to watch for.
Another note regarding the ~.44 level in my chart. I say we may encounter resistance here because there will likely be players who'll want to cash out for a 100% gain after buying in the low 20s. I can assure you this level is on the chart of many other people out there.
While getting into the .40s at all will certainly be bullish, we have to remember that not everyone is holding and waiting for $5 like some of us here are. A quick 100% gain is something that lots of people will take without a second thought.
So, there may be some resistance here.. BUT, we have to remember that getting there in the first place means we would have launched up and out of that longer-term downtrend. So, a short-term stall in the mid 40s isn't something I'd be too worried about.
I am probably getting a little bit ahead of myself since we didn't close over .30 yet! but I just wanted to throw my thoughts out there.
New chart.
I added a lot of comments for the key areas right on the chart image itself, so that should make it easy for people to know exactly where to look.
The stage is now set with the combination of EJ in stores, a new ad campaign, and drops coming soon. If we can clear some of these hurdles, then I'll feel comfortable saying we're off to the races. Right now we still need to watch these levels and see how things pan out.
Wow! I "poached" the ad? Just what in the world does that even mean?
It seems like this it is some way of basically saying that I fabricated this ad and/or stole it from Fuse webservers somehow (seriously?) For the record, that is absolutely untrue. Their ad campaign is live. Just because _you_ haven't seen it, it's not live? Give me a break.
And now, what do you know? Another member has seen the ads being displayed live! (see this post here)
He stated he has not only seen ads with Tiger, but also ads with Ortiz.
Thank you so much for the false accusation.
On this site, with a post that had the words "Tiger Woods" in it. I believe that is why it showed up, the ads could be targeted to be displays on sites/pages that contain "Tiger Woods"-related content. That way it would have maximum impact since it is more likely that people who see the ads could be Tiger Woods fans. Smart.
For sure! I wish I would have clicked the link to see where it led to, but I accidentally closed the window. oops!
It looks like I mis-read Bays post, as it seems my eyes left out one very important word! I read that he was saying he thought charts cannot help you navigate, whereas in reality he stated otherwise. My apologizes to Bays if I was a little too sharp on the response.
I do agree that charts aren't the full picture, but, yes, "helping you navigate" is exactly what they're for. When you combine it with research into all the aspects of a company's business than they will be _much_ more useful. If you don't, you're at risk of encountering some severe and very unexpected moves that take things well outside the range of your predictions.
In the end, everything is connected... the charts, the fundies, all the positives and negatives, the future and the past, the news, the rumors.. and that's what makes this such a complicated game! Fortunately, when you take all that knowledge and put it together, there are times when you really can see some magic in the charts... even before the event fully unfolds.
It's just one more piece of the puzzle, and I never meant to imply that someone should use charts and nothing else.
Yes, of course you can post your opinions. I just don't know what's so hard to understand about the fact that Tiger is a sponsor of Fuse Science, the COMPANY, and not just drops by Fuse Science.
Would you prefer Fuse does NOT do everything it can to maximize this sponsorship? He uses a Fuse product, and now so can the general public. I guess we'll agree to disagree on this one.
Honestly I just don't agree. They are more reliable than you may realize. The only problem I've had with them is that sometimes I just don't trust them enough, and I lose out because of that.
My charts predicted a VIX in the mid 20s and an S&P in the 1200s 4 weeks ago. And I'll tell you what, if the S&P moves firmly below 1255 or so in the coming days then it is not going to be good.
Totally agree. His bag does not say "FUSE DROPS" on it. He is a sponsor of the COMPANY.
Of course you don't have to be a "pumper". But I would hope moderators would remain objective, and not behave the way you are right now.
Tell me, what is the purpose of asking questions that you clearly already have an answer for? It seems the only purpose of posting it was to create a negative vibe out of something that is clearly a good thing for the company... or maybe you just felt like starting some silly argument.
Not sure why a moderator would be asking such questions. Obviously, it's for EnerJel, the only Fuse Science product that is available. Why such a negative tone?
That's alright, didn't say you have to like him. I just don't like people equating this to any form of "get rich quick scheme" because it just isn't. The product is real.
Sure, it was a great short. Is it still?
You do realize short interest is 2%, right? 98% of folks do not agree with your position at this juncture. The push to drive it below .20 was a failure, and the vast majority of short positions initiated in the last few weeks were covered right away.
For you sake, I sure hope you aren't short anymore, you certainly had your chance to cover.
Let me guess, next you're going to be saying "watch out, they only had 24K in revenue!" just like the last guy. Nevermind the fact that the last 10-Q only had numbers from the soft launch, and this soft launch provided extremely valuable data for Fuse which allowed them to further refine their product.
You do realize this product is hitting the shelves in nearly a thousand stores in about 10 days, right? As of March 31st, over 2 months ago, they already had 22k units ready to go.
Also, do you realize they've partnered with a mobile software developer whose app was the #1 most-downloaded sports app in the AppStore at numerous times during the last NFL season, right?
What about the fact that they've partnered with SmartWarehousing LLC, the same logistics company that LEGO and Papa John's uses? All indications are that this company can move product at a lightning-fast rate, so they have that base covered. Everything is moving according to plan.
Best of all, the product actually WORKS. We have seen dozens and dozens of reviews stating that it is an exceptional product. The only flaw appears to have been ironed out due to feedback received from the soft launch. Also, Fuse reported that repurchase rates exceed their expectations. The bottom line is that people love this stuff.
So, that was a really long way of giving you a resounding "NO" to your questions.
Today the 50MA coincides exactly with the top of our 7-month downtrend (at .29), so I expected resistance here, but we are looking good for sure. If we hold .285 for the close I'll be happy with that, and we can give it another shot tomorrow.
Also, our high of the day, .31, is a 50% fibo retracement from a recent high/low, not too surprising to top out there (for now!)
LG, info and I probably chart things a bit differently, but I am sure we can all agree things are looking great. Probably a very good sign that three different people with different methods can reach the same conclusion.
Again, I am sorry I haven't been more active here the last few days. I am definitely long and strong. I only wish I could have added more in the low .20s.
No. Do some research before you post such things.
We appreciate the efforts on your part, however, we do have to note that the information you're providing is contrary to what we've been told by Fuse, and is also contrary to what we've been told by Yorkshire11.
Misleading investors at this point in the game is not something that is in their playbook, so I will be shocked if it isn't popping up on store shelves during the next week or two.
Note the final part of the first paragraph in the PR from 4-24: "...starting in June 2012 with a structured plan to reach all locations globally. GNC will be the first retail outlet to carry EnerJel(TM) in a designed plan to build the brand. "
Everything they have done up to this point has been a part of this "designed plan" and they have been executing it brilliantly (the Amazon hiccup being the only issue I can recall.) We have no reason to believe they would fail to deliver this time.
I wish i had more time to post on here lately but I have been quite busy.
Yes, the fact that you aren't sure is quite evident.
I don't really appreciate the "delusion" comment -- from my point of view, this type of comment should be directed towards those who vehemently resist using charts. An investor who doesn't know how to use them is like an athlete who doesn't know how to train properly -- you'll never be as successful as those who do.
The bottom line is that .20 was major support, and it bounced off that level despite massive shorting. If you looked at the charts you would have known to load up down there. How is this "irrelevant"?
Also, a short-term downtrend appeared to be broken on May 25th and was confirmed 100% on May 29th. This meant that, at worst, we would be moving sideways near-term. Was that wrong?
Relying purely on news/product release/etc just isn't enough, because in that case you would have absolutely no idea what levels to look at -- you might see a nice pop on news, and decide to get in on the action... but, then it starts dropping, because you bought right at a resistance level when you should have waited to see if it could break through. Or, better yet, the charts may have told you to buy before it even got to resistance in the first place. I've seen it time and time again, even in pinks.
In short: The charts predicted the move we're seeing now -- they simply give you the ability to more accurately gauge where to get in, and where to get out. Refusing knowledge that will allow you to make more money is something that is hard to understand.
You're welcome. The more I learn, the more positive my view becomes on DROP.. It looks grim for shorts indeed.
Just a little clarification on my last post:
Daily short volume is extremely high, yet share price is rising. Short interest is also high, yet nowhere near where you'd imagine it would be with the kind of short volume we're seeing.
What it means is that tons of people are shorting, BUT the vast majority of them are covering almost immediately. These shorts do not have the confidence to hang on, so, that is why I said the longs are clearly winning.
I know at one point in my last post I said short interest "is quite high", and also it is "such a small short interest"... I can see how that might be confusing :) So, I wanted to clarify what I meant. It's high, because, yes, it is high -- BUT, it seems low when you factor the tremendous short volume we're seeing.
http://www.otcmarkets.com/stock/DROP/short-sales
Short interest is over 2 million shares as of May 15th, which makes it roughly 2% as of that date. While a very small percentage of the float, in my experience it is quite a high number for pinks (1%-2% is perfectly normal for large caps, though -- AAPL short interest is 1.25%)
What is interesting is that the daily short vol has been roughly 40-50%+ for weeks, yet short interest is still only about 2%. That means there are plenty of people trying to short it, but they fail to force it down and have been covering quickly.
It is pretty amazing to see such consistent short volume and such a small short interest. It clearly says that the longs are winning. Once we really start moving the short-covering rally should provide quite a pop.
Totally agree. I am VERY WORRIED for the shorts... especially those that are too inept to examine the charts (and those who openly refuse to).
So, let's think about what it means if we do indeed make it back to .30+ in the coming days:
1) we'd be breaking out of a 6+ month downtrend
2) moving above the 50day MA
3) .20 was indeed rock-solid, even under intense pressure from shorts, and is likely gone for good
4) tons of short covering will have to follow
And of course, EnerJel will be on the shelves with DROPs coming very soon.
Boy, that's an awful lot of fuel for liftoff.