I can lead a horse to water, but I can't make him drink !
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In the Immortal Words of Kenny Rodgers,
"You gotta know when to hold'em,
know when to fold 'em,
know when to walk away,
know when to run,
you never count your money,
when you're sittin' at the table,
they'll be time enough for countin',
when the dealin's done."
Here is a riddle for you:
Take a good look at both of these charts.
One is giving a clue, as to what the other is going to do !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p69631035793
http://stockcharts.com/h-sc/ui?s=CSKH&p=D&yr=0&mn=3&dy=0&id=p90344601450
The answer can be found in the date of JULY 14th.
This chart clearly shows a "five wave pattern" ( Elliott Wave )
and I expect that the stock will reverse in the A,B,C correction
pattern starting Monday morning.
Three resistance levels were penetrated on the move up Friday
1st was 0.055c
2nd was 0.062c
3rd was 0.0689c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p28756711648
On the way down, the stock will test each of these price levels.
1st to be tested will be 0.0689c. If that doesn't hold, then 0.062c will be tested. If that doesn't hold, then 0.055c will be tested. If that doesn't hold, then it's going back down to the .04's again.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
If there had been "GOOD NEWS" that
... would have supported the price rise, then I would say that a good follow-thru move up on Monday, is a good possibility.
HOWEVER, since there wasn't any "GOOD NEWS" to support the rise, my guess is that you may see a "blipp-up", slightly above 0.10c to "cap" Fridays high, and bring in the "SUCKERS", and then MM's will "SLAM" the stock hard, and it will be right back down into the 0.04's, in either one, or two days time.
Notice the RSI and the CCI.
Both are at levels equal to the highs reached back in February when the stock hit 0.042c. These levels are indicating oversold conditions. You will take on risk BIG TIME, by either BUYING at this level, or holding your shares waiting for a follow-thru. If you didn't sell on Friday, you better enter you SELL orders early Monday morning and try to get out at 0.09c, or higher.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p76150644120
sjames41: I do still stand by my view
that the stock will go under 0.034c.
I happen to agree with other posters that the run-up in the stock yesterday to nearly 0.09c was an opportunity (for MM's and investors) to unload.
The CEO again took advantage of the move and unloaded.
This was, IMO, a Intermediate-Term reaction and Retracement of the decline from the previous peak of 0.185c high set in April, down to the recent break of support at 0.05c, where the stock got to 0.044c low. ( Many technicians look to BUY a stock when supports get broken ), as this shakes out the weak holders.
The shorts started chasing the stock to cover their positions, causing the price run-up. The Q2 results were not good, and so a pull-back on Monday is what I'm expecting.
Again, as I have always said, time-and-time again, BUY on RUMOR, SELL on NEWS. This strategy has rewarded traders for the last 6 months if they followed it and SOLD on the NEWS release, especially with the volume yesterday. Alays SELL on that kind of volume !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77444858148
OPMG has a good chance at going to 0.035c
NEXT WEEK !
Mt Reasons:
1. Uptrending CCI and RSI- Bullish Divergence
2. Triple Bottom at 0.014c base established
3. Heavy volume over last two weeks = accumulation.
4. Big decline over the last 6 weeks, has positioned the stock
for a rise going into the week before Q2 results will be
announced. MM's have pushed the price down, so they can
capitalize on the price rise.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p15137281405
20,000 shares are shortable on list
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
I haven't seen this in a while.
How to know the price will soon rise !
One of many reasons to know this is "Economics 101".
Prices will rise, when inventory is low.
This works will Real Estate, just as it does with stocks.
How do we know that the inventory of stock is low?
You can tell by the Bid/Ask spread.
Have you noticed lately how the MM's are keeping the spread wide?
The other day the Ask was at 0.023c, when the Bid was at 0.015c
There were lots of buyers at the 0.022c Ask price, and hardly any sellers at the 0.015c Bid price. This means that buyers were willing to pay the higher price of 0.022c, they wanted in at the price they could get the stock at. They had to pay up if they wanted the stock. This tells me that, the shorts are getting scared of an approaching rise in the price of the stock, and need to start covering their short positions quickly, before they have to start chasing the stock up, which will cause them to lose their profits they've made on the stocks decline recently.
Now is the time to be BUYING. Soon buyers will need to pay 0.04c, if they want the stock.
2nd QTR results will be out on August 15th. Today is August 5th.
In less than two weeks, the stock, currently at 0.016c, yesterdays close, will climb rapidly, in anticipation of the NEWS, and then sell-off.
Remember this:
Stocks always go down sharply before a release of NEWS.
They are driven down by MM's who accumulate at the lows, and then capitalize on the stocks appreciation, as it climbs in anticipation of the NEWS.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p59697588480
My target near-term is for 0.04c, within the next 10-trading sessions.
Reason I believe OPMG will go up.
Ever since the stock went on the "Naked Short List", ( now on its seventh day ),
http://www.buyins.net/tools/short_list.php?ssd=20100803
I have noticed every day, that there are NO shares available to short !
This could be telling.
It may mean that the shorts are covering their positions, and that they don't want to be caught short.
All the other stocks on this "shortable list"
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
have shares available to short, but not so for OPMG.
Looks like the selling is decreasing, or has stopped, and buying interest is increasing !
My TARGET is for .035c to .042c
over the next 3 weeks.
I'm very confident about this !
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p43350908483
0.014c has been tested twice now.
This could be a "double bottom".
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p33081892281
Perhaps the stock will now rise into the Q2 release, on
August 15th.
Perhaps, 0.035c is still attainable, over the next two weeks.
Does anyone think we've turned the corner here?
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p71268147730
You can't hope for the stock to go up, or believe anything Joe Noel says, or the company says anymore.
They said 0.30c in six months.
It's been seven months and the stock is at 0.014c
This is what they said back in January:
"We are impressed by the very proactive management team and the Company’s solid balance sheet and we expect OPMG to see profitability during Q2:10 as a result of sold revenue growth."
"Our six month price target on these shares is $0.30",
which is 15 times our estimated $0.02 full year 2010 EPS estimate.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p84397418678
Looks bad !! Looks like sub-penny is coming soon.
I hope not, but it just doesn't look good at all.
The price is collapsing.
OPMG could move up TODAY on Joe's comment.
by Joe Noel August 4, 2010
"We believe OPMG shares will get a strong pop when the Company is able to discuss specifics – we believe this will be soon."
http://www.joenoelstocks.com/category/stocks-covered/options-media-group-holdings-opmg/
MACD Hist:
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p24930028965
Is it possible, that the price of the stock has been wratcheted down to a level that is now a launch-pad for the 0.30c that has been forecast by Joe Noel and the company ?
This is a forward looking statement....
Could it be that the numbers will add up as they predict, and that the price will in fact sky-rocket here shortly?
I wonder.
(OPMG)-– Price Target of $0.30
by Joe on January 25, 2010
http://www.joenoelstocks.com/stocks-covered/options-media-group-holdings-opmg/options-media-groups-opmg-summary-points/
We are impressed by the very proactive management team and the Company’s solid balance sheet and we expect OPMG to see profitability during Q2:10 as a result of sold revenue growth.
"Our six month price target on these shares is $0.30",
which is 15 times our estimated $0.02 full year 2010 EPS estimate.
Note:
The 6 month time frame would be July 25th, from the time of this writing.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p19684040752
Looks like today was an attempt to shake-out the weak holders.
The chart looks like the price wants to go higher.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p29966010129
$OPMG expects to rake in $14.7 million this year
The Dean thinks $OPMG‘s net revenues of $7.3 million last year indicate they know what they’re doing, and, with that list of brand name clients, $OPMG expects to rake in $14.7 million this year—100% growth, with earnings per share of $0.02.
January 27th, 2010 at 9:32 am Posted by The Dean
http://collegestock.com/blog/opmg-could-climb-400-from-here/
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p17666819278
I'm neither one.
I am shocked though.
I didn't expect the trading to go like this today at all.
What are your thoughts ?
NEWS could be out later today,
or as early as tomorrow morning.
Somebody is loading up today, they know something, and are being Pro-Active, the smart way to play this game.
When this stock pops, they'll be selling.
You can see this thing making the turn.
It's primed and ready to launch.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p21010620404
Somebody dumped, somebody picked-up !
If you wait to see the NEWS to BUY,
you will be too late !!!
You must learn to be Pro-Active,
NOT Re-Active !!!
Buy on Rumor,
Sell on NEWS !!!
Could be a Short-Squeeze coming !
Trying to cover their positions ?
Someone's loading up their truck !!!
670,000 shares traded at 10:15am
Ask is 0.023c
Bid is 0.015c
RSI is 73
CCI is up !
Slow STO is up !
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p54763908330
Bid .022 Ask .023
100,000 traded
Todays High could be 0.035c
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p93922481361
Loose lips, sink ships,
So I won't give the reason why.
Could see the price JUMP to > 0.03c !
as early as today !!!!
My reasons:
The stock hit against resistance of 0.022c yesterday.
The CCI is right under the ZERO line, and about to crossover.
The RSI is above 50%.
The Slow STO is rising with the CCI and RSI.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p89326204553
Ask now at 0.024c, Volume is building !
Shares are getting more expensive.
News will be out soon.
And NO, I'm not a PUMPER.
Just getting a little excited, is all.
If the stock gets removed from the "Naked Short-List",
the reaction will be good for the stocks price !
Currently, OPMG has been on the list for 5- trading sessions.
http://www.buyins.net/tools/short_list.php?ssd=20100730
Currently, No shares are shortable.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
The Ask is getting raised. Now at 0.022c
at 10:30am
http://www.otcmarkets.com/stock/opmg/quote
A news release, and or positive comment from a PUMPER like Joe Noel, will send the stock up sharply, IMO.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p51136941518
Technical observation for Monday August 2nd,
The last two candlesticks formed a "Bullish Piercing Line Pattern" .
This is a "bullish reversal pattern" that marks a potential change in trend. It is highly reliable.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p00964893796
IMO, the stock is at a point very similar to where it was at the end of March. It is very possible that the stock could jump today or tomorrow, based on the action in last Fridays trading.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p39156286389
Dag Sklebebbin, All of "MY" reasons are Technical, and have nothing to do with fundementals.
I base my forecasts strictly on indicators like:
* BUYING under support, SELLING above resistance
* BUYING on 50%- 62% pull-backs
* BUYING on Divergences of MACD, CCI, RSI, etc.
Currently, the way I see the stock, the previous high of 0.038c is the next key barrier. OPMG has fallen under key support of
0.022c, the June 9th low. So, 0.022c is now resistance. Resistance levels always get tested eventually. OPMG is a "Swing Play". This means that it is due to rise over the next 3 weeks based on the time frame between June 9th and the time the stock fell below support of 0.022c which was June 19th, roughly 6 weeks.
From the week of June 19th, count 6 weeks going forward, and 3 weeks from today is the time period at which I expect to see the stock rise above 0.038c.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p01595566537
May I suggest that the next time you want someone to offer their opinion, that you do so with a lot less of an "attack". I think you'll find that the person will be more likely to respond to you if you use a nicer tone.
0.045c Target in 3 weeks !!
My First target, is for 0.030c - 0.0325c today, or this week,
then a correction down to 0.020c.
My Second target, is for 0.045c , moving from
0.020c, in two weeks, up to 0.045c, in 3 weeks.
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p75054753168
0.075c Target, 4 weeks from NOW !!!
6 Month Chart
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p63838505244
1 Year Chart
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=1&mn=0&dy=0&id=p58913470304
3-Month Chart: Looking good !!
MACD Bullish Divergence and turning up !
Slow STO is turning up !
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p24956064501
Prediction for today, Friday July 30th.
Open: 0.035c
High: 0.035c
Low: 0.027c
Close: 0.032c
Volume: 350,000
http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p66011351664
Prediction for today, Friday July 30th.
Open: 0.061c
High: 0.061c
Low: 0.050c
Close: 0.057c
Volume: 950,000 shares
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p04442399018
Head & Shoulders has formed
The Neckline is 0.05c
The Left Shoulder is 0.06c
The Head is at 0.069c
The Right Shoulder is at 0.062c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p04442399018
I will be a BUYER under 0.034c
I will be entering my BUY order for 0.025c
#4."A" stands for Aquired.
The CEO "Aquired" 617,500 shares (He was given these shares)
He then SOLD them.
The "S" stands for SOLD (Transaction Code #3.)
http://ih.advfn.com/p.php?pid=nmona&article=43804839&symbol=NO%5ECCTC
CCTC stock is going down to under 0.034c, the 52-week low.
I would be a BUYER under 0.034c.
I will be entering my BUY order for 0.025c
I can see the stock getting to 0.02c
Technical Update, for Friday, July 30th.
There is a very clear, and decisive, "Head & Shoulders Pattern"
over the last 5-weeks, which indicates the strong probability for lower prices in the near-term !
I would be a BUYER, on any break below 0.034c
Head & Shoulders has formed
The Neckline is 0.05c
The Left Shoulder is 0.06c
The Head is at 0.069c
The Right Shoulder is at 0.062c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p04442399018
CCTC is about to fill the "Gap" from February 17th.
The 52-week low of 0.034c will be penetrated and a NEW LOW will be made soon !!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p26719226273