I can lead a horse to water, but I can't make him drink !
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Made HOT STOCKS weekly top 10
http://thestockwizards.net/
Todays "Snapshot Opinion"
http://barchart.com/snapopinion/CCTC
We should be at an RSI of near 70 next week
currently at 39.87 on the weekly chart
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p40997828405
Still believe that $1.20 is possible over the next 2-weeks.
Based on the weekly chart
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p26555876014
BW Editorial ph# is 1-212-512-6839
if anyone wants to call and ask what issue, what page #, what article, etc.
Perfectly reasonable assumption.
Could happen easily.
Some food for thought !!!
It is a possibility that the article everyone is expecting to see won't be out for weeks, or months.
Nothing has been said about a date.
I've seen the word "future", which implies at some date, but not a near term date.
When magazines publish articles, the story is written weeks or months in advance.
So, the story could be in the process of being written right now, and not be ready to be published until May, June , July, or August.
Has anyone attempted to call BusinessWeek and ask them for this info?
If anybody wants to short the stock, 75,000 are currently available. lol.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=cctc&cntry=usa&tag=United+States&ib_entity=llc&ln=
Wayne Crumpley has a NEW blog today,
if you're interested.
http://waynecrumpley.blogspot.com/
Last Monday, April 5, 2010, the Company issued a news release announcing that it will be featured in Bloomberg’s Business Week Magazine, in the issue to be released for sale on the newsstands April 12, 2010. I would expect that Doug Hague, the president and CEO of the Company will also do an interview on Bloomberg News. This will give the Company a lot of exposure this coming week (and the weeks and months ahead). (Two things about the press release . . . it is written in the “past tense” wherein it should have be written in the “future tense,” and it talks about the Company’s contracts in the “millions” when it should be either in the “hundreds of millions” or the “billions.”
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!!
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.