I can lead a horse to water, but I can't make him drink !
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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.
This site will let you know as soon as CCTC is taken off the list.
Click on "Off List Today"
Check on it to see if CCTC appears there.
I feel certain that a PR will be released on, or around the time we see CCTC appear on this list.
It happened on a stock I had bought once. The PR came out at 1:57 pm., the day after the stock had been removed from the list. The stock was at .07c just before the PR came out, then it bolted to
.30c inside of 2 hours.....a classic "Short-Squeeze" !!!!
http://www.buyins.net/tools/short_list.php?dys=-1
Might see CCTC removed from the "Naked Short List" as early as tomorrow.
They could remove it today after the close.
Waiting on .097c to bring in the BIG BUYERS !
.10c SUPPORT is the level to WATCH !!!
BUY on breaks of support...
SELL on breaks above resistance....
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p91450442361
Thanks ospreyeye !
will do.
Got your message...
Glad you reported BT_
.097c would break the "SUPPORT" at .10c
...and bring in a lot of new buyers as well as shake out a lot of weak holders.
.097c is the number for all to watch.
Watch and LEARN !!!!
The CEO has until the end of April to release the PR of the news everyone is waiting for, and still be truthful to his shareholders who are aware of his quoted words to have the deal on track as he is quoted as saying.
The "people in the know" are waiting for the price to hit .097c.
That's the price they want to pay, before the release of the PR.
"FIVE Gaps" to fill.....
Four above,
one at .26c February 19th
one at .165c April 13th
one at .147c April 16th
one at .145c April 19th
one below at .11c March 24th
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p25842843047
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
Clean Coal Technologies Inc., (Pink Sheets: CCTC) announces that Technology Licensing Agreement for China is on track for April.
President & CEO, Doug Hague was quoted as follows: "We expect to sign our first Technology Licensing Agreement for China in April, in accordance with the MOU signed earlier this year. This will increase our penetration of the China market, without the need for large capital contributions by the Company
Anytime, stevesc.
Stock Futures show BIG drop at open....
at 3:15 am
U.S. Stock Futures
Data as of 3:15am ET
S&P -22.70 / -1.88%
Dow -148.00 / -1.34%
Level 10,929.00
and this could put pressure on all stocks including CCTC, which could have a morning dip to the .097c to fill the "gap" at .11c
This could then set up the intra-day reversal for a rally during the day today and possible move up to end the day higher.
I still believe that if .097c is reached, the stock could turn around during the day and stage an impressive rally, that would carry the stock to well above the .42c high set in February.
In order for that to happen, we'll need to see well over 80 Million shares traded.
If I were you, I wouldn't try to play the stock that way.
If you have the money to buy more, than buy more if it goes down to .097c
It's not worth taking the chance at missing the move up, to sell the stock you own to buy back shares. This stock could quickly turn up on you and you would have to chase it to try and buy at the price you want and may not get it.
Just stay in for now, and if it dips lower buy more if you can.
As I say, it could dip at 9:30 am, and then stage a rally at say 1 pm, and you could be ouside cutting the grass and not be aware that the stock turned up and miss the move up entirely.
Intra-day moves in penny stocks are very common. You can miss a move easily if your not watching the stock. Usually a company will release the news in the morning and the stock moves up on that news. But the move up might last for an hour, 2 hours, or all day. You have to be ready to make your move to sell at the price you want.
Absolutely !!!!
I believe that a possible scenario setting up, is that the stock could see a "dip" this week, on an "intra-day" down to test .097c, and in the same day, stage a rally on a "short squeeze" chasing to cover, that will carry the stock above .42c at a minimum and as high as .74c, all in the same day.
CCTC has been in a consolidating phase since the day it peaked at .42c in February.
Consolidation phases can last weeks or months depending on many variables, one of which is how much volume there was on the initial impulse, and in CCTC's case it was over 120 Million shares in two days, Feb.17 and 18th.
In CCTC's case the consolidation phase has taken place in 8-1/2 weeks so far. I suspect that in view of the Imminent Buy I've posted about today, along with the stock being removed from the short list which should come shortly, we will see this consolidation end soon. Sometimes the phase can take 13 weeks, as was the case with AGEN.
These consolidation phases form themselves in an a,b,c, pattern which is explained under "Elliott Wave Theory".
CCTC has made an a,b,c, pattern already. The "a" was .42c down to .108c. The "b" was .108c up to .18c. And the "c" was .18c down to .10c , labeled on the following chart.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p97548523030
The move from .034c to .42c was IMO the first Leg up, WAVE #1.
We have now formed the WAVE #2 which is the correction of WAVE #1, in the a,b,c pattern.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
If CCTC were to go down in the morning on Monday to .097c, the a,b,c, pattern would still be in place, just as AGEN formed over it's 13 week correction phase.
Make NO mistake, I firmly believe that CCTC can surge to above .42c on a up coming drop to .097c if that were to happen.
I also believe that the coming move will be driven by news of the stock being removed from the short list, or a PR on Revenue, or some other positive news event. Once again a drop to .097c will bring in new buyers because it will break the .10c support level.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p89863086104
Some GOOD NEWS for everyone !!!
CCTC is now on the "Buyin Imminent" List.
CCTC has now, as of last Friday, been on the "Naked Short List
for the 13 consecutive days it is allowed, before the shares need to be "delivered".
The next step will be that CCTC will be removed from the Naked Short List, and this WILL be BULLISH ,
....however, a retest of .11c is still possible, to fill the "Open Gap " first. We could also make a low to .097c.
Ultimately, the stock will go back above .42c, IMO.
http://www.buyins.net/tools/short_list.php?dys=>12
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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p79125157745
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.
One last earlier Post....
Posted by: edurk Date: Thursday, April 15, 2010 3:45:45 AM
In reply to: None Post # of 12422
CCTC can go to .099c and still go above .42c
TA (Technical Analysis) is not perfect.
That's why I like to compare the price patterns of stocks, to see what happens to stocks technically, that causes big price moves.
One thing is certain.
Whe support levels get broken, the lower level will attract new buyers, as well as scare current holders.
A lot of times you will find that big moves up happen when a stock has fallen sharply below a key level of support. Sometimes however, all that is needed is a drop of only a penny below support to bring in the buyers and sen the stock up dramatically.
I bring your attention to both of these charts to do your own comparison. Both are 6 month charts. Both stocks had big moves up and then consolidated for more than 8 weeks. You will notice that one of the stocks made 2 bottoms (0.108c and 0.10c), the other stock made 3 bottoms (0.74c, 0.71c and 0.70c)
Stocks consolidate gains in the form of a,b,c, patterns under Elliott Wave Theory, but sometimes it can be viewed in the form of a 1-2-3-4-5 sequence pattern.
Currently, CCTC has made 2 bottoms, but may make a 3rd bottom to .09c, and still find strong enough support there , from which it can stage a strong rally.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p60955491466
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p50667139418
Also, from an earlier Post....
Posted by: edurk Date: Tuesday, April 13, 2010 4:43:44 PM
In reply to: None Post # of 12421
In the words of Wayne Crumpley....
" A huge “potential” news release that has not been made, that I have been expecting and look forward to on a daily basis, is that the Company has collected the invoice for a million dollars from INK Global, the Indian company which purchased the license agreement for the country of India last December. This news announcement, when and if it is made, will be HUGE! Watch for this development! I cannot over-emphasize the importance of this (future) announcement. I have no idea as to when it will happen (or if it will ever happen!). In my opinion, this (future) news announcement will be the event that makes the Company!! "
http://waynecrumpley.blogspot.com/
From an earlier Post to remind you.
Posted by: edurk Date: Wednesday, April 14, 2010 5:14:25 PM
In reply to: None Post # of 12420
Always remember this !!!!!!
Stock prices tend to go down "into" the
"Really good news" event.
Stock manipulators ( those who have lots of shares to move the price ), will attempt to drive prices lower to an area that coincides with the release of the BIG news event, or PR.
It's no coincidence that you will find that BIG "Impulse moves up" follow a big downward fall in the stocks price.
Once CCTC falls to a level at which the BIG BUYERS want to buy at ( IMO, .097c - .11c ), then you'll see the BIG PR everyone has been expecting.
"Short Squeeze" is a comin' !!!
Possible retest of .11c to fill the "Open Gap", and also test .097c to make a lowere low than the previous low of .10c
that was set on March 23rd. If that were to happen, I would expect a "SURGE" to above .42c intra-day and higher highs, with a possible move to .74c (swing-trade price projection target), based on the shorts chasing the stock and having to pay the higher prices in the short squeeze.
CCTC has been on th Naked Short List fo 13 consecutive days now.
It was placed on the list March 30th.
Buyin is Imminent.
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.
http://www.buyins.net/tools/short_list.php?dys=>12
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p79125157745
stevesc,
When it comes to short-able stocks does Less of them = Better or More of them = worse?
You want to see ZERO shares available to short !
CCTC will be coming off of the Short List very soon, and that means that all the shorted shares have been delivered, that were not borrowed, and the stock will not have any more downward pressure from the shorts.
Some GOOD NEWS for everyone !!!
CCTC is now on the "Buyin Imminent" List.
CCTC has now, as of last Friday, been on the "Naked Short List
for the 13 consecutive days it is allowed, before the shares need to be "delivered".
The next step will be that CCTC will be removed from the Naked Short List, and this WILL be BULLISH ,
....however, a retest of .11c is still possible, to fill the "Open Gap " first. We could also make a low to .097c.
Ultimately, the stock will go back above .42c, IMO.
http://www.buyins.net/tools/short_list.php?dys=>12
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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p79125157745
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.
Something BIG is about to happen very soon !!!
Should get removed from the Naked Short List soon !
CCTC was placed on the list on March 30th.
It has been 12 days so far, including today.
Usually, naked short sellers have three trading days to borrow the shares backing the shorts. But Regulation SHO of 2005 allowed close-out of fail-to-deliver positions for as long as 13 more trading days.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p40704311795
9,000 are Shortable at 8 am Thursday
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
In general, Reg-SHO restricted stocks (CCTC), are not permitted for shorting. However, IB (Investment Bankers) may allow Reg-SHO stocks to be shorted when inventory conditions permit.
CCTC can go to .099c and still go above .42c
TA (Technical Analysis) is not perfect.
That's why I like to compare the price patterns of stocks, to see what happens to stocks technically, that causes big price moves.
One thing is certain.
Whe support levels get broken, the lower level will attract new buyers, as well as scare current holders.
A lot of times you will find that big moves up happen when a stock has fallen sharply below a key level of support. Sometimes however, all that is needed is a drop of only a penny below support to bring in the buyers and sen the stock up dramatically.
I bring your attention to both of these charts to do your own comparison. Both are 6 month charts. Both stocks had big moves up and then consolidated for more than 8 weeks. You will notice that one of the stocks made 2 bottoms (0.108c and 0.10c), the other stock made 3 bottoms (0.74c, 0.71c and 0.70c)
Stocks consolidate gains in the form of a,b,c, patterns under Elliott Wave Theory, but sometimes it can be viewed in the form of a 1-2-3-4-5 sequence pattern.
Currently, CCTC has made 2 bottoms, but may make a 3rd bottom to .09c, and still find strong enough support there , from which it can stage a strong rally.
http://stockcharts.com/h-sc/ui?s=AGEN&p=D&yr=0&mn=6&dy=0&id=p60955491466
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p50667139418
Reg-SHO restricted stocks are not permitted for shorting.
However, IB may allow Reg-SHO stocks to be shorted when inventory conditions permit. The main shortable list defines the actual availability.
ZERO shares of CCTC are available for shorting today, Thursday at 3:00 am.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
One observation I have is this !
The Naked Shorts are not having any success manipulating the stock !
As I said, when the stock has been removed from the list the stock has gone down. It should go up.
..and when the stock was added to the list, the stock has gone up. It should have gone down.
The shorting that is being done, is being done with the hope to drive prices lower, but instead, the price has gone higher.
...and, when the stock has been removed from the list, meaning the shares have been delivered, the stock has gone down afterwards, and the shorts were not able to make any money.
So, it appears that whatever is happening here has been controlled in the benefit of CCTC, because the Naked Shorts have not been able to put any real pressure on the stock, to benefit themselves.
Perhaps this is a sign of the strentgh in the stock and the CEO's ability to strategically release news to the stocks benefit.
Notice that Bid is .09c Ask is .32c
at 7:40 pm
Last Price (USD) $0.151
Change ? -0.014 (-8.48%)
Bid 0.099
Ask 0.32
Volume 3,747,191
Days Range 0.15 - 0.16
Last Trade 4/14/2010 4:07:53 PM
Click for detailed quote page
The key word is here is "Abusive".
"Abusive" Naked Short Selling is not legal.
What the critics are actually referring to is what the SEC describes as "abusive naked short selling," in which (a) short sellers sell shares they have not borrowed, and (b) are unable to deliver those shares on the settlement date of their sale. The SEC wants to eliminate abusive naked short selling through a series of measures that took effect on Thursday, which penalize failures to deliver borrowed shares at settlement.
Myth No. 2: All naked short selling is illegal
This myth is unfortunately widespread, but it's simply false.
http://www.fool.com/investing/dividends-income/2008/09/22/the-truth-about-naked-shorts.aspx
We don't know if anyone is doing "Abusive Naked Short Selling" in CCTC, we do however, know that it is being done.
In only 2-days, the 13-day limit on the delivery of those naked shares has to take place I believe. CCTC was placed on the List on March 30th....it has been 11 days so far.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p31718579370