I can lead a horse to water, but I can't make him drink !
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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
Naked Short Selling is not illegal !
It is perfectly legal !!!
there is a second and perhaps more effective means of depressing the stock price which is by flooding the market with shorted shares that are naked.
Naked short selling is the act of selling without owning or borrowing shares. Because no borrowing is necessary, naked short selling can be executed faster and in larger volume than the ABCD method of short selling. They might introduce a sizable quantity of shorts for sale, destabilizing the market and driving the price of the stock down.
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://www.wisegeek.com/what-is-naked-short-selling.htm
CCTC was removed from the "Naked Short-List" on February 10th,
... and as you can see, it appears the stock reacted favorably to the news, because on that day the stock made a low of .034c, and only 5 trading sessions later the stock made a high of .42c.
The up-coming removal of CCTC from the "Naked Short List" should produce the big run up in price that it did on Feb.17th and 18th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p67175652824
I suspect that the next news item, could be that CCTC gets removed from the "Naked Short List".
They were removed from the list on March 15,
then they were added back to the list on March 30th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p67175652824
After the stock falls some more, as I suspect it will, a stock being removed from this list should react by going up.
CCTC has reacted the opposite the last couple of times.
It went down after being removed on March 15th, and it went up after being added to the list.
In addition, CCTC has made small advances, or sold off after positive news was released, instead of going up.
CCTC is a "strange one", to say the least.
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.
tracker144...Actually, I haven't sold my stock since I bought it
(33,000 shares) on February 24th, between .11c and .15c
I am merely commenting on how I view the price movement, and that is all.
I honestly am just an average "joe", with some knowledge of TA, and I'm expressing my views, as I see them.
Maybe my views will help some people, maybe not. I hope they do though. What I have hoped to do, is to gain from listening to others on this and other boards.
So, believe what you want, but I'm only here to learn from others and sell my stock at a price I'm willing to sell at.
GLTA
Thanks stevesc !
The chartist mentioned the "Descending Triangle".
http://www.thehotpennystocks.com/Learn-To-Trade/descending-triangle.aspx
In earlier posts I mentioned this as a possibility, and that the triangle can have both a BULLISH and BEARISH outcome, depending on the support.
Let's hope that the BULLISH outcome is in the cards, shall we.
I suspect that a retest of .11c support will bring some buyers in, and that we will have a better view of where the stock is headed.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p84735782999
http://ih.advfn.com/p.php?pid=ihvView&y=OFhniEjvlKE
The chartist mentioned that the .10c - .12c area may have to be revisited.
http://ih.advfn.com/p.php?pid=ihvView&y=OFhniEjvlKE
Once again, the "old Adage" of "selling on the news" has held its long standing truth.
Look at all the news events and you'll find that you would have protected your profits by selling on the news announcement, and then waiting for lower prices to buy them back again.
I posted this on March 25th....
Posted by: edurk Date: Thursday, March 25, 2010 2:57:58 PM
In reply to: None Post # of 11845
Once again...we have NO support underneath of us....
.13c is sitting on thin air.....there is no support holding .13c
I suspect that .10c -.12c will be filled over the next 4 trading sessions...until the next NEWS item is released....maybe then we'll get a NEWS item with more substance to it.....the STREET wants to see the word "SIGNED" in the Headline of the PR.....and, or $$$$$$, and the words Agreement, and FEES....etc.
That will be the only PR that will carry CCTC to above .18c, and .42c.....everything else is just "FLUFF"....
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
On March 31st, I made this post.
Posted by: edurk Date: Wednesday, March 31, 2010 6:24:14 AM
In reply to: None Post # of 11840
One "caveat" to my scenario !!!
I could be wrong,about the stock moving up today and tomorrow.
It could make another attempt to go lower than .10c, going under
.096c intra-day on lite volume and then stage a huge rally much like yesterdays, and end higher with a close above .15c
I say this because, I consider all possible scenarios that exist, and know full well that the market doesn't recognize perfect TA outcomes.
The reason I ponder the possibility of a lower move to .096c, is that the pattern of a Head & Shoulders, has always been in the forefront of my mind over the last 3 months, with the Left Shoulder being .075c, the Head being .034c, and the Right Shoulder where we are now. The Right Shoulder can sometimes come down to be equ-distant with the Left Shoulder in this Classic Pattern...and .096c was a resistance point on the left side of the H&S, which makes it a support on the Right side, and often times supports are tested in the H&S Pattern.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
http://www.thehotpennystocks.com/Learn-To-Trade/reverse-head-and-shoulders-pattern.aspx
A test of .11c may happen soon.
A'Gap" exists at .11c, and so there is a chance the stock will test that area.
When a stock doesn't rally on good, positive news, then it needs to go lower to attract buyers. .18c has been tough resistance for 7 weeks now. Stocks need big news events to bring on buyers. I f news doesn't move the stock higher, then lower prices are the only other option.
A good opprtunity to pick up some shares for those who want them.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81425648355
Of concern right now, is the fact that the stock can't stage a sustainable rally on positive news.
That being said though, all it would take is the release of the news of revenues to change things dramatically for the better.
For now, the stock is locked in a wide trading range, between .10c and .185c, and needs a catalyst to breakout above .185c
So far, ZERO shares are shortable at 8:15 am.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
The CEO likes Wednesdays for PR's, too.
....especially Wednesdays.
Something to look forward to, perhaps.
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/
ZERO shares available to Short !!!
BULLISH !!!
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
Short-Interest "Jumped 300%" as of April 12th!
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=cctc
BULLISH !!!!!
The possibility of a "short squeeze" is one reason some analysts look at "a high amount" of short interest as a bullish indicator. Short Interest is the fuel, performance is the fuse, says ShortSqueeze.com
http://shortsqueeze.com/
.... bullish investors see a high short interest ratio as positive sign for the market's outlook. These investors believe that short interest positions must eventually be covered, and the increase in demand for stocks necessary to cover open positions will drive the price of stocks back up.
http://www.money-zine.com/Investing/Stocks/Short-Selling-Stocks/
For what its worth to you all...
Dr. PennyStock had CCTC on its watch list every day for the last 5 days or so.
As of today, April 13th, he has alerted his Gold members to BUY the stock yesterday.
Could be a telling sign !
CCTC – The Gold members received a buy recommendation yesterday, it’s a buy.
http://www.drpennystock.com/
I had the same thought, however, he may have forgotten to make the change with the word "early". He may have been making an effort to change other portions of the PR, and forgot to change the word "early".
I like to analyze this CEO's word useage. He seems to be very methodical in his strategy, but I think he may sometimes forget little things like this.
The fact that he chose the word "early" makes me ponder his thinking a bit.
Anyways, the chart is indicating that we are very close at this point. I just thought it was interesting that he chose the word "early". We'll see soon.
" Early April" was the quote...
Clean Coal Technologies, Inc. (Pink Sheets: CCTC) will sign a joint venture agreement in China in early April, with similar agreements in India and the U.S. not far behind.
“We expect to sign our first joint venture agreement in China in early April,” said Doug Hague, President & CEO of the innovative company. “We’re still on track to expand our penetration into the China market.
Just an observation, but, the word "early" should imply before the 15th of the month. Therefore, the signing should take place this week, since today, Tuesday, is the 13th. Before, or on Wednesday, is the time frame to keep in mind.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p13775848383
Todays Opinion....
http://barchart.com/snapopinion/CCTC
Todays TA
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p47427856853
Weekly Chart Very Telling of BULLISH direction !
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p75080616999
Still maintain that the weekly chart is giving us a very good look into the direction of CCTC, over the next 3-weeks.
Still believe that $1.20 is within reach next week,
and better than $1.20 the following week,
before we see some heavy profit taking come in to drive the stock down better than 50% from the highs gained.
IMHO, CCTC is moving up very well on a momentum basis and the RSI on the weekly chart reflects this.
The RSI should IMO continue to show strength and should move up above 90.
I still have a targets of .74c, $1.20, $2.00, and $2.52
and that it will be a traders paradise, because the stock will make big % moves up and down.
I believe that the move from .10c set on March 23rd, until now at Fridays close of .1690, is the early stage of WAVE #3, and can be thought of as Minor Wave #1, within Major WAVE #3, and that once .18c resistance is broken thru on the upside, CCTC should "Gap" up next week, and make a challenge to going above .42c, a "Impulse Move, or "Thrust", which will carry the stock to a range between .74c, ( .42c - .10c = .32c, .32c + .42c = .74c ) and $1.20, and as high as $2.40 ( a BIG stretch, I know, but possible given the 10 fold move of .03c to .42c in the 1st WAVE. )
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p54246907220
Very well outlined, good points made !
Nice study and observations.
A Review of where WE are today !
Currently, CCTC is in WAVE #3..........
Using Elliott Wave Theory,
Elliott Wave Theory
Back in the old school days during the 1920-30s, there was this mad genius named Ralph Nelson Elliott. Elliott discovered that stock markets, thought to behave in a somewhat chaotic manner, actually, did not.
They traded in repetitive cycles, which he pointed out were the emotions of investors and traders caused by outside influences (ahem, CNBC) or the predominant psychology of the masses at the time.
Elliott explained that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which were then divided into patterns he called "waves". He needed to claim this observation and so he came up with a super original name: The Elliott Wave Theory.
The 5 – 3 Wave Patterns
Mr. Elliott showed that a trending market moves in what he calls a 5-3 wave pattern. The first 5-wave pattern is called impulse waves and the last 3-wave pattern is called corrective waves.
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
WAVE #1 - .03c up to .42c ( Impulse Move Up )
WAVE #2 - .42c down to .10c ( Corrective a,b,c Move Down )
WAVE #3 - .10c up to ??? ( Current Move Up )
Wave 1
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave 2
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, the stock will not make it to its previous lows before the stock is considered a bargain again.
Wave 3
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of wave 1.
Note: WAVE #3
The stock, CCTC, has caught the attention of the mass public,( AD in Business Week - 40 Million readers )and ( more posters on the board )and the high of WAVE #1 was .42c
CCTC should, based on this Theory, exceed .42c on this WAVE #3 that we are currently in right now, based on technicals, and supported by market emotions of investors.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p23347057644
Anytime Stevesc !! Exciting stuff, huh?
Like I have said, the weekly chart has been most telling about the direction for the stock.
The RSI on the chart indicates that the momentum is building and that it is getting stronger.
I believe that CCTC will have a weekly RSI of 70 next week.
It is currently at 40.57 at this weeks close.
I suspect that a price range of .42c to $1.20 is entirely possible next week, and that the following week could build upon next weeks gains.
You should see the PPO bar graph bars go above the zero line next week, and thr RSI go above 70, on this weekly chart.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p50113456806
I'm NOT SURE, but, let's think positive !
Perhaps it means that Mondays opening will see CCTC stock "GAP" up , starting with the Ask price of .29c
I sent out a post last week saying that the last 5 week high to low range of .18c down to .10c , showed a possible "Reverse Head & Shoulders Pattern ", and that a target of .26c could be calculated by taking the difference between the two numbers and then adding the difference, .08c, to the .18c, and arrive at .26c as the target.
So, a Ask of .29c, is not out of the realm of possibility.
See Link below for the Measurement Calculation.
http://www.thehotpennystocks.com/Learn-To-Trade/reverse-head-and-shoulders-pattern.aspx
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p08284840659
Current Bid Ask Sat. 4:30 am
(USOTC:CCTC)
Last Price (USD) $0.169
Change ? 0.006 (3.68%)
Bid 0.1
Ask 0.29
Volume 2,588,566
Days Range 0.1555 - 0.17
Last Trade 4/9/2010 4:01:40 PM
Click for detailed quote page
Top 10 Stocks for the Week of April 12th 2010
http://thestockwizards.net/traders/the-stockwizards-net-announces-its-top-10-stocks-for-the-week-of-april-12th-2010/