I can lead a horse to water, but I can't make him drink !
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BUY all the CCTC you can afford to BUY at next weeks low prices !!!!
CCTC will be up near .74c in 2-weeks !!!
Next week CCTC should be building a base between .097c and .108c
Good opportunity awaits those who BUY next week.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p19801132769
.10c is recent support.
Always BUY on a break of key support !
Thanks stevesc.
Always appreciate your posts.
You have youself a great weekend too.
CCTC is forming a "Bull Flag Pattern".
http://www.istockanalyst.com/article/viewarticle/articleid/1075360
First, view others that have had a Flag, or Pennant Formation.
http://stockcharts.com/h-sc/ui?s=VSTNQ&p=D&yr=0&mn=6&dy=0&id=p70389703711
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p15641705791
Now CCTC
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08775009838
If the stock doesn't hit .097c today,
then IMO, it will be down on Monday and Tuesday to that level, and spend the rest of the week basing at that level of .097c.
Then, the following week, the stock should then move up
sharply.....and make a move above .185c and break thru the .42c level, on toward .74c.
Everyone should relax here, and stay put.
Do not sell !!!!
A bottom is about to form next week, and a move up to well above .42c should happen May 10th thru May 14th.
Hold on !!!!
Don't SELL !!!!
Now is the time to be BUYING, to add to your holdings.
Two Charts to compare !!!
IMO,
CCTC will unfold in the same manner as this other stock.
Both are similar.
Both had a BIG 1st leg up, or Wave.
Both had consolidation phases, or corrections of the 1st impulse move, or leg, or wave.
the other stockbottomed in its 11th week of the consolidation channel, going under .71c by a penny, to .70c. It formed a base for the next week. The price was under the blue M.A., which was under the red M.A, which were both under the green M.A. This is what I look for ! You may refer to this pattern as either a "BULL FLAG", or a "Pennant", and although it does't fit the text book criteria for its form, it is very close to both in likeness.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p80431924254
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p72736674714
My measuremnts of prices, call for a target of at least .74c for a high, once the stock breaks out above .18c. (.42c -.10c =.32c)
(.42c + .32c = .74c )
There are two H&S patterns.
A BIG Reverse H&S implying an BIG move up is coming, as seen from the .42c high down to .1081c, up to .18c, down to .10c, up to .185c, down to the current .12c. This pattern is over the last 11-weeks.
...then there is the regular H&S pattern over the last 5-weeks, which implies lower prices, where .10c is the neck line, .15c is the Left-Shoulder, .185c is the Head, and .16c is the
Right-Shoulder.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p09807848408
My view currently, is that the BIG H&S pattern will not hold.
because a move under .10c will change that pattern. If .11c were to hold, then the BIG Reverse H&S would still be in place. Since the price is showing weakness, and I expect .097c to be reached, the regular H&S pattern over the last 5-weeks is the one I'm focused on now.
The Head & Shoulders Pattern that has been forming over the last 5-weeks, is continuing to take shape.
.10c is the "Neck Line".
I expect the stock to fall under this neck line only marginally, to a level of .097c, just enough to bring in the buyers, and at the same time cause the weak holders to sell.
Up to this point, the Left-Shoulder and the Head of the H&S pattern have formed, and the Right-Shoulder has formed in my opinion.
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=29&y=7
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p09807848408
Hang in here everyone...
the waters are going to get rough here,
but smooth sailing is just ahead after that!!!
On May 15, 2010 , the first quarter (10-Q) report for fiscal year ending December 31, 2010 will be due.
On May 10th, 2010 , the Fortune Magazine feature is due.
IMHO, CCTC will fall to .097c to set-up enough of a "Positive Divergence", for the stock to then be able to stage a rally.
Stock prices tend to go down, and below key support levels to shake the weak holders, into some key news event. We have two such events coming up, so it is no surprise that the stock will be going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p24165043326
Charts are a reflection of everything that is known, and unknown.
Chart patterns also reflect these factors.
Again, stock prices usually go down before "Good" news comes out.
When I see a stock falling, I look for a 1-2-3-4-5 sequence down, and I want to buy the stock at the end of the "5", when it goes down under a recent support. That is where the "Good news" usually comes out.
Currently, I expect that when CCTC goes below .10c support, it will have then fallen to the level I expect to see the significant news come out.
JB61, I understand your concerns.
Hang-in there though, your expressions of concern are what are typically discussed at the point where investors get out of the stock out of frustration.
This also is the point at which a bottom is close at hand.
Consolidation patterns, such as the one CCTC is in, and has been in now for 11-weeks, last on average, for 12 weeks.
CCTC has a 1-2-3-4-5 sequence pattern in all of its moves, up and down.
From .034c to .42c, the pattern unfolded in this manner.
From $1.65 down to .034c, the pattern unfolded in this manner.
From .42c down to .108c, the pattern unfolded in this manner.
From .18c down to .10c, the same pattern.
...and finally, from .42c down to where the stock is now, it is unfolding in the same pattern, only we have yet to complete the pattern, and this is why the target I have of .097c will hit soon, to complete #5. Numbers 1,2,3 and 4 are complete.
The #5, is the final capitulation phase of the sequence move. It exhausts the selling and the buying, in the move up to a top, and the move down to a bottom.
People will sell soon out of frustration. That is how you know the stock is at the bottom.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58446419237
UPDATE on the "NAKED SHORTS"...
CCTC has been listed 21 daysw/a BUYIN imminent...still on the Naked Short List.
http://www.buyins.net/tools/short_list.php?dys=>12
Currently, there are 150,000 shares available to short.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
The Truth about Naked Shorts.......
http://www.fool.com/investing/dividends-income/2008/09/22/the-truth-about-naked-shorts.aspx
JB61, Good info, thank you !
Hang in here everyone...
the waters are going to get rough here soon,
but smooth sailing is just ahead after that!!!
On May 15, 2010 , the first quarter (10-Q) report for fiscal year ending December 31, 2010 will be due.
On May 10th, 2010 , the Fortune Magazine feature is due.
IMHO, CCTC will fall to .097c to set-up enough of a "Positive Divergence", for the stock to then be able to stage a rally.
Stock prices tend to go down, and below key support levels to shake the weak holders, into some key news event. We have two such events coming up, so it is no surprise that the stock will be going down before these events happen.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p24165043326
CCTC will drop under .125c support
...today, or tomorrow, or next week. My target is .097c !!!
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=29&y=7
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p42424807762
CCTC will drop under .125c support
...today, or tomorrow, or next week. My target is .097c !!!
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=29&y=7
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p42424807762
CCTC will drop under .125c support
...today, or tomorrow, or next week.
The following charts are displaying a Head & Shoulders pattern
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
over "the last 5-weeks", which implies lower prices ahead as the pattern completes itself. Currently , the pattern is 3/4 of the way thru its completion. The .10c level represents the "Neck Line",or "Support", and this is the level at which CCTC will test and break below. The break under this .10c need only be a fraction of a "cent", to bring in enough of a "Divergence" to create the recipe for a strong RALLY !!!
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=29&y=7
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p42424807762
CHARTS of CCTC ( .097c Very Soon !!! )
Possible intra-day move to fill open Gap,and test,
then a rally up.
Time frame, over the next few days, or 2-weeks.
http://barchart.com/chart.php?jumpto=1&sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=&addindicator=&submitted=1&fpage=&txtDate=&x=37&y=9
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p58322170469
Thanks BBB !
Always glad to contribute !
This is a GOOD WAY to follow this chart!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91785771152
Look to the far right of the chart.
You will notice that there are 3-moving averages.
( 9,18, and 50-day.)
CCTC will be ripe for a move up, when you see the "red and blue" moving averages cross under the "green 50-day" moving average, and the "blue" is under the "red".
When the "price" is under the blue M.A.,
and the blue M.A is under the red M.A.,
and the stock is at .097c,
I expect that the NEWS will then be released shortly .
Measuring the drop below .13c
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
You will notice that the high on this 5-day, 15-minute chart
is .16c
The support is at .13c
By taking the difference between .16c and .13c, you get .03c.
Next, subtract the .03c from .13c support, and you will get a "possible" target below .13c of .10c at a minimum.
This is called the "swing".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91785771152
Anytime luck2020 !
Thanks cooky !
Thanks ospreyeye !
IMO, when CCTC makes its big move up, it will be accompanied by NEWS. NEWS will be the catalyst, and the move will happen with big volume in excess of 75 million shares.
This move can happen at any time of the day.It can happen this afternoon when everyone is at lunch. It can happen at the opening bell at 9:30 am. It can happen so that the move down to .097c is touched in the morning, and then stage a rally on the release of news at 2 pm, to carry the stock to above .42c.
This is the nature of Penny Stock Trading.
To be able to take a 1,000 plus gain on a move in a Penny Stock, you have to be ready at all times, because the gains quickly evaporate from profit taking, and a 50% drop can easily happen within minutes.
So, be ready at all tiimes, if you can.
And don't be greedy !
Remember the old saying... "you won't go broke, taking a profit."
Why I see a test of .097c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p78306650260
Look to the left-side of this chart of CCTC.
You will notice .096c is labeled. This was a resistance area.
The Rule, is that resistance becomes support and visa-versa, support becomes resistance.
This is why I believe that .097c will be tested, by breaking the recent support of .10c, and testing the previous resistance of .096c.
Also, you will notice, that from the .42c high, the stock came down to .1081c in a 1-2-3-4-5 sequence. It then went up to .18c in a 1-2-3-4-5 sequence, and then down to .10c in a 1-2-3-4-5 sequence, and then up to .185c in a 1-2-3-4-5 sequence.
If you were to count a 1-2-3-4-5 sequence from the .42c pivot down, you would count .42c to .1081c is "1", from .1081c to .18c is "2", from .18c down to .10c is "3", from .10c to .185c is "4", and from .185c down to my target of .097c would be "5".
Under "Elliott Wave Theory", this is how a technician would approach wave counts. They move in either 1-2-3-4-5 sequence, or a,b,c, sequence. Minute waves form minor waves, which form major waves and intermediate waves. The way in which this waves form are however left open to individual interpretation, as you will find that technicians disagree between one another on their views of counting.
From my perspective, the move from .034c to .42c was a 1-2-3-4-5 sequence move up, and within that move, on an hourly chart you would be able to see each wave had a 1-2-3-4-5 minute wave sequence. The move down from .42c to where the stock is currently, is also broken down in a 1-2-3-4-5 sequence.
IMO, CCTC will fall to .097c this week,
or, next!
CCTC is within the confines of a "Pennant Formation"
The "Staff" is .03c to .042c.
It was formed in 3-waves under Elliott Wave Theory.
The "Pennant" is still in the process of forming.
Basically, the pennant is a consolidation of the "staff".
The first wave down was .42c to .108c.
The second wave down was .18c to .10c.
The third wave down is still in the process....from .185c and moving down to where I believe will be .097c.
The .097c will IMO, serve to break support at .10c and bring in new buying, set-up a Bullish Divergence, and shake-out weak holders.
The "Pennant Formation" is a continuation pattern which is BULLISH. It is also the consolidation pattern, or correcting wave of the first wave up, .034c to .42c. The pennant is a triangle pattern and currently the price is trading within this triangle toward the triangle APEX. This Pennant Formation can be seen in many stocks that begin BULLISH PHASES, which is where CCTC is currently.
The following are two examples of Pennant Formations for your review to compare. Both formed a "Staff" and were followed by a
8-11 week Pennant Formation, or continuation pattern before breaking-out to form the next wave up.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p74441193633
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p04724432987
http://stockcharts.com/h-sc/ui?s=AEZS&p=D&yr=0&mn=6&dy=0&id=p11752642751
No Bullish Divergence yet !
CCTC is getting closer to moving toward .097c
...and that will set up a BULLISH DIVERGENCE, which is needed to propel the stock to above .42c
http://www.stock-charts-made-easy.com/bullish-divergence.html
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=trend&num1=2
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=567&cobrand=&mode=stock
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p08972397717
it was actually on Wed. the 18th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p89775314277
IMO, you will see a significant move up in the price when you see near 80 Million shares being traded.
Until then, the stock is not going to move out of this range on its average volume of 3-6 million daily trades.
So, you'll know when to sell, when you see very high volume in the a.m. (9:30 - 11:30)....and the stock moves above resistance, which for now is .185c.
The stock is going through a period of digestion right now. It is digesting the 120 million shares it ate on February 17th and 18th.
Until those 120 million shares are fully digested, the stock will move within this .08c trading range.
When news of REVENUE is released, the stock will once again move up above .42c.
Funny thing about stocks is that they move opposite the way you logically think they should. That's the reason for having a contrarian view, as opposed to thinking logically.
Stocks move with supply and demand.
They also move 6-9 months ahead...they are a forecasting mechanism.
Smart money moves ahead of news and sells on news, dumb money buys on news when it comes out.
The reason the stock moved from .034c to .42c in February was that the supply was not there at .034c, and then news came out and all of a sudden the demand was there, with no supply, which caused the spike up.
Ultimately, CCTC will have a BIG up day soon, but there is still plenty of supply of stock to go around. The news that has been coming out has been news with very little in the way of substance.
Smart money is buying now, slowly accumulating the shares that weak holders are getting tired of holding.
The last 5-weeks looks like a possible H&S pattern forming.
...which means lower prices ahead. Still believe .097c could be tested.
If it is the pattern, we just formed the "Right Shoulder"
yesterday. The Head is .185c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p14725932991
http://www.thehotpennystocks.com/Learn-To-Trade/head-and-shoulders-pattern.aspx
Thanks a lot stevesc...
For the record, I have only 33,000 shares.
I bought them all on February 24th, most at .116c, the rest at .15c.
I'm not planning on buying more.
I'm not planning on selling until my target of above .42c is reached, somewhere between .42c and .74c, depending on all the factors such as volume, news and technicals.
I'm not a day trader, and I'm definitely not a "Short".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p80937572879
I wait to sell my stocks on breaks above resistance of previous "Impulse Moves". For CCTC that is .42c.
There is no reason to sell my shares while the stock is in this trading range of .10c to .185c, and as I say I'm not planning to add to my shares. I entered with $4,000 on the 24th of Feb., and that's all I'm buying. When CCTC goes above .42c I will be looking to sell and immediately buy my next stock, and then revisit CCTC at another time after it pulls back from the up move.
We've seen the high for the day.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p80937572879
Now the stock will trade in the same range it's been in for the last 8-1/2 weeks (i.e. .10c to .185c ), until .11c "Gap" is filled.
Still believe that .097c will be tested on the downside before we break above .185c, IMHO
Once again, SELL on the news !
The old saying works everytime !!!!
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
Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
The failure to deliver in shares of CCTC has not been resolved and a buy-in is expected.
Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding.
CCTC was placed on the "Naked Short List on March 30th, 13 days ago as of last Friday.
The shorts that shorted the shares, didn't borrow them, that's why they are called Naked Shorts. The shares must be returned to the borrower in the case of normal shorting. Naked shorts have 13 days to deliver the shares.
The significance is that they have to buy back the shares they shorted. If news breaks, and sends the stock up sharply, these short players will be chasing the stock up as it rises in price. As the stock goes up, they lose money. And it can be lots of money depending on how many shares they shorted.
http://www.buyins.net/releases/?id=95556
Thanks a lot cooky !
will do.
Thanks ospreyeye !
Sure stevesc, anytime.