I can lead a horse to water, but I can't make him drink !
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I'm not sure if we're on BB or Pinks.
I can see that the Quote screen is now different,
but I may have misinterpretted.
Sorry about that.
Really BIG NEWS everyone !!!!
CCTC, at the close, is NOW ON the OTCBB.....
there is a different screen on the web-site.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=CCTC
According to Wayne Crumpley,
.... from January 14, 2010 through March 15, 2010 (41 trading days), there have been 338,071,379 shares traded. Assuming that there were 150,000,000 shares cleared and processed by the Company, the stock transfer agent, and the selling broker/dealers, that means every share available has been sold twice to someone.
Or, to say this in a different way, let us assume that there are 435,000,000 total shares outstanding; 200,000,000 are being held by officers, directors, control people, affiliates, and knowledgeable close investors; and from the balance of total stock held by everyone else; 150,000,000 out of 235,000,000 shares have gone through the process of delivering their shares to a broker/dealer for sale.
Not neccessarily. I'd prefer to see ZERO shares available to short though.
I'd like to see CCTC be removed from the "Restricted List".
Shorts can be wrong, just like longs can be wrong.
There is no reason to expect the stock to move significantl today, because everyone is watching for the BW article tomorrow.
Shorts will be speculating that Market Makers could SELL stock today to move the price down before the release of the article. Just my guess.
NEWS could be significant.
The OTC Bulletin Board had Daily Stock Watch for CCTC out yesterday, on something called the "World Stock Wire."
http://www.otcbb.com/asp/Info_Center.asp
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p06973719442
Thank you Stevesc.
I'm glad to know it's possibly helpful, or, at least interesting info.
I've learned from other people myself.
That's what's so great about these boards.
It would have been nice to have this technology around when I first started buying stocks 30 years ago. I would have fared a lot better than I did.
Thanks Danny.
I wouldn't give too much thought at this point as to what price you'd like to try to get the stock.
IMO, if you could get it for less than .18c you'll be happy you did.
CCTC is going high enough that .18c will look small by comparison.
Thanks very much.
Maybe. Not sure what NEWS will be the catalyst.
I'm basing my guesses on the chart for the most part.
I'm confident that the NEWS, whatever it is, will drive the price higher....
It could be the BW article, CCTC being removed from the "Naked Short List", or the Coal Summitt I've been hearing people talk about.
All I know for sure is that the weekly chart RSI is very telling of the strength behind this last 8 weeks....
..and that it is building, and will continue to build, and so to will the price "exponentially".
http://en.wikipedia.org/wiki/Exponential_growth
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p13949206951
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 .42c will be broken thru on Friday,
and 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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p90331333224
Yes. That's right. After a stock comes off the Naked Short List, you will typically see a drift down, though it will be short lived.
By the way, you will also notice that stocks in general go down, down , down into some upcoming good news event.
I've taken careful note of this with CCTC as well as many others I've held.
The upcoming BW article will be the catalyst for a strong move up, and that's why we're seeing the stock drift down yesterday and today.....mostly because of profit taking though.....
the old addage is to SELL on the NEWS...and CCTC is under pressure for the most part because of that....
If you take a look back at the NEWS releases and their dates they were released, you'll find that the ideal days to SELL were the dates the news came out, and especially in the morning hours.
Just over the last 8 weeks now, there have been 4 times a holder could have sold their shares and made a profit, if only they sold on the release of the news.
Very rarely will you see a follow -thru day the day after the news comes out, and if you do, that is also generally the time to sell.
I always like to sell my shares when the volume is extremely large, larger than normal. I always like to accumulate on big sell-off days or slow boring days that have been in a decline for 10-days or more.
Look what happens to a stock when it comes off the Naked Short List.
NVLT came off the list on April 3rd
See what happened to it yesterday.
CCTC will be coming off the list soon !
http://stockcharts.com/h-sc/ui?s=NVLT&p=D&yr=0&mn=1&dy=0&id=p10345506519
Short-Term Indicators BULLISH
Composite Indicators Signal
Trend Spotter Hold
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% Buy
http://barchart.com/opinions/CCTC
75,000 shares now shortable at 7:30 a.m.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
Was ZERO 2-1/2 hrs. ago
The BULLISH talk is building !
http://stockreads.com/Stock-Newsletter.aspx?id=23313
ZERO shares available to short today at 5 a.m.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
CCTC should be close to being removed from the "Naked Short List"
It was placed on the "LIST" March 30th.
The Revers H&S Pattern can be measured to forecast a possible move to .26c at a minimum.
This is done by taking the difference between the "Neckline" of .18c, and the "Head" of .10c, which gives you .08c
You then add the .08c to the .18c neckline and arrive at .26c for a short-term target.
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=p25844423853
5-week Reverse H&S Pattern is BULLISH
Over the last 5-weeks, a Reverse Head & Shoulders pattern can be seen on the daily charts.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p89347355309
.18c is what is called the "Neckline",
.10c would be the "Head",
Here's a link for its interpretation and implications.
http://www.thehotpennystocks.com/Learn-To-Trade/reverse-head-and-shoulders-pattern.aspx
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b
When .18c is broken thru on the upside,
I believe it will carry all the way up thru .42c
By the EOD, we should be .15-.16c
I believe that the stock will trend down in stair step fashion over the next several days to challenge the .14c level.
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://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p77846117618
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p27568651696
.18c has been challenged 3 times
in the last 5-weeks.
There is an old rule that has some merit that goes....
"After the 3rd attempt, it will go through it".
The 3-times have been...
March 1st
March 8th
April 5th
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p77846117618
I suspect that the .18c level will be pierced this week, like a knife thru hot butter.
After Hours Bid and Ask info
http://www.otcbb.com/asp/Info_Center.asp
.15c ( down .02c, on 123k )
Wave #3 in progress !!!
Wave 3 CCTC .10c to ???
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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p16405041455
Wave #3 in progress !!!
Wave 3 CCTC .10c to ???
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.
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p16405041455
Where I believe we are right now !
In "ELLIOTT WAVE THEORY" terms...
a BULL PHASE is characterized by a 5-wave pattern.
I believe we have made the 1st major wave ( .034c to .42c),
have concluded the 2nd wave, the corrective phase in the form of the "a,b,c pattern" (.42c down to .10c),
and have now begun the 3rd major wave, and have made the 1st of 3 minor waves within this 3rd major wave (.10c to the current .18c test)
The 3rd major wave should be very impressive !!!!
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
http://www.learning-to-invest.com/charts/wave-extension3.gif
Wave 3 is strong up-move based on good economical prospects; real improvement in living conditions and never the shortest wave. On its way up, wave 3 will find the resistance of the wave 1 top. This may take some time, but once it is broken, more investors will step in, believing that the trend is really up again. Wave 3 is usually strong because it is supported by big masses. The trend is clear, and there is positive news. Wave 3 makes the biggest move and has intermediate extensions. Almost all stocks take part in this move.
A Bullish Technical Perspective
The Trend is lookin very good !
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=trend&num1=6
All of the Analysis last week had been Bearish, but now the Overall, Short, Intermediate and Long have turned to Neutral !
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
Support is at .14c
Resistance is at .27c
I like the impressive weekly chart !
IMHO......We will see .42c challenged this week,
then would not be surprised to see a minimum range of .74c to .88c next week,
then, the week after that, a minimum range of $1.20 to $2.40
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p16405041455
Too early to tell, but possible.
.155c was recent resistance, so I would expect that we could dip below that to test.....
that would create an a,b,c corrective move of the days gains so far..
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://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p43758875772
I woould really like to see a move above .18c at this point to make me feel a little more comfortable.
If .18c is stiff resistance, then the stock will go lower to test .14c.
Pay close attention to Wave #5
...under Technical Analysis and the explaination of Wave Theory
Here is a short description of what happens during each wave. I am going to use stocks for my example since stocks is what Mr. Elliott used but it really doesn’t matter what it is.
Wave 1 CCTC .034c to .42c
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 CCTC .42c to .10c ( 7 weeks of consolidation )
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 CCTC .10c to ???
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.
Wave 4
People take profits because the stock is considered expensive again. This wave tends to be weak because there are usually more people that are still bullish on the stock and are waiting to “buy on the dips”.
Wave 5
This is the point that most people get on the stock, and is most driven by hysteria. You usually start
"seeing the CEO of the company on the front page of major magazines"
as the Person of the Year. People start coming up with ridiculous reasons to buy the stock and try to choke you when you disagree with them. This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the ABC pattern.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p14323459160
The last time we hit .18c was
March 8th, when the news came out about the Randall Business Agreement and 6.8 Million shares traded that day.
Today we have a similar day, also with news, and over 10Million traded.
If we can break through .18c today, of course that would be bullish.
If the article in Business Week doesn't come out until the 9th, this Friday, then perhaps we''' have a situation here where the stock can rise all week in anticipation of the Friday article, in which case we may have a "BUY on Rumor, SELL on NEWS" scenario.
Volume and price will be the keys here.
If the stock breaks thru .42c on better than 80 Million shares, that of course will be a significant break above resistance, and its sustainability will have to be watched carefully.
I see the Bid is back up to .134c
it had been at .097c all weekend.
That's a POSITIVE !!!!!
Understanding the Naked Short List
Naked short selling stocks has unlimited risk. The seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. 3 As a result, the seller fails to deliver securities to the buyer when delivery is due is known as a "failure to deliver" or "fail."
Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from naked short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.*
Since March 31st was the last day to sell the restricted shares, I'm wondering if being added to the short list had something to do with the delays that could have resulted in the transferring securities in physical certificate as it is explained above.
Can anyone confirm this as a possible explaination ?
I'm just guessing here, but it seems reasonable to me.
ZERO shares shortable now at 8 am.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?cntry=regSHO&tag=Reg%20SHO&ib_entity=llc&ln=
So, to recap......CCTC had had 200,000 shares shortable on Friday night or Saturday, then it dropped to 100,000 shortable on Sunday, and then went to 15,000 shortable early Monday morning (today), and now at 8 am. ZERO shares are shortable.
Something POSITIVE could be brewing !!!! Why would this have happened?
Perhaps the shares that were not being delivered, finally got delivered (see Naked Short List ), and we can soon expect to see that CCTC has been removed from the List !
I'll keep a close eye on the BUYINS.NET site and let you know if it happens.
Sounds reasonable to assume that it is a good sign.
Maybe it means that nobody is willing to take the risk of shorting because they see the chance that CCTC could very well release a PR that would send the stock price up.....in which case anyone caught being short would have to chase the stock and lose money.
I am feeling better about seeing the number of shortable shares drop from 200,000 to 100,000 to 15,000 currently. Seems like a positive trend to me!!!
You're right. I wonder why it changed.
Do you know why ?
On Friday, or Saturday, not sure when, I saw 2-100,000 share shortable entries, then 1 of them went away......then on Sunday I saw the 1 entry for 100,000......and now we're both seeing 15,000...
I really have no clue as to what this means as far as the opening this morning....
Maybe someone will weigh-in on this, this morning with an answer.
CCTC was added to the Naked Short List on March 31st
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=p74000931630
On "Naked Short Selling "
.....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. A criminal 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.
Currently, there at 100,000 shares that are shortable
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
Technicals are a visual interpretation of all that is known by all participants who have an interest in the stock.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p10663329229&r=4605&depth=24&listNum=&cmd=chartnotes,889|761