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AOTL looks good but I won't hold this one overnight.
If you are looking to short, look at QID (Ultra Short QQQ).
Other stocks I am monitoring.. HMGP ECFL NVMG
I only have 2 stocks up in my account.
QID and TTGL
LOL!!!!!!
what about the day after a big drop like today?
OPBL sell off. not good. hope bobbytx1 is watching
Tsafi, How do penny stocks behave genearally in a bear market or recession?
bobbytx1, here is some CPNE info for you (from OTC Journal today). Let's hope for a Deja Vu all over again.
Commerce Planet (OTC BB: CPNE): Rumors and Truth
One of the keys to being a successful stock market investor is your ability to learn from the past. There are patterns that repeat themselves, and the quicker you can identify those patterns and learn to profit from them, the more you will enjoy investing in the stock market.
So, now we are faced with a crises of confidence on Commerce Planet, the darling of OTC Journal subscribers. My highly covered #1 pick of 2006 is giving investors are bit of a heart attack in February of 2007.
The stock is behaving as if there is a problem with CPNE. The company is behaving as if it is full steam ahead. The trailing numbers suggest the stock should be considerably higher, and yet it has taken an abrupt drubbing this week.
Long term followers of this company should now take a step back and consider the patterns that could repeat themselves. Consider this chart- This chart goes back to when CPNE released Q3 '06 numbers in October. Look what happened to the stock. Investors pounded it down from $1.80 to a blow off level of just under $1 in a few trading days. Why?- I don't know. The company was immensely profitable, and the stock deserved to go up instead of getting its brains beat out.
Fast forward to mid February of '07. A few days ago the company published "guidance" for the full year, meaning they will report a profit of $.18 EPS for 2006- a full $.07 in Q4.
Once again, the stock gets pounded in an inexplicable manner. Over the past week it has dropped from $3.50 to just under $2.20- another cascade sell off.
So, now let's look at what happened to investors who had the courage to buy CPNE when in got clobbered in early October post Q3 earnings release:
Note: if you had the courage to step in when the stock got clobbered in October at the $1 level, you were rewarded with a 250% gain at the top in a period of four months.
Here's another abrupt sell down just after the market learned of the high profit levels in this company. As Yogi Berra would say, it's Deja Vu all over again. So will the pattern repeat itself?
The market has made us look silly every time we doubted this company. As far as I am concerned, that pattern will continue to repeat itself until proven otherwise. The company has given me no reason to believe their growth is getting derailed. In fact, based on rhetoric coming out of management in their press releases, I believe the company will deliver strong growth in sales and earnings in Q1 of '07- it is also seasonally their strongest period of the year.
There are rumors floating around about 144 filings. For those of you who don't understand what that means, here's the scoop. When a publicly traded company issues shares directly out of treasury to anyone- it could be investors to raise capital, employees, consultants, financiers, etc, those shares are not eligible to be sold into the market. They are described as "Restricted".
There are a number of ways those shares can be eligible to be sold into the public market. Unless newly issued shares are included in a registration statement, they are eligible to become free trading after a period of one year under SEC Rule 144.
One of the problems that has plagued this particular stock is the dearth of supply coming from early financiers and participants. The company struggled in 2005, and did what it had to do to raise capital. The payment for that capital is probably still coming back to haunt this market in the form of supply.
Here are the facts as they stand today. Since September of 2006, shareholders have filed to sell 2.5 million shares under Rule 144. There could have been very recent 144 filings to sell the stock which haven't hit the SEC yet. New 144 filings could show up any day, and I am now watching. Typically, the shareholder knows he has the legal right to sell before it shows in the SEC filings, so you could be seeing some 144 sellers right now. The filings will show up sooner or later.
In combing through the filings I also learned that JLT Asset Management- a Del Mar California based hedge fund run by Jeffrey Feinberg, has accumulated 3,037,500 shares of CPNE. I don't know him, but I know others that do know him, and I am informed he is very sharp and generates great returns for his investors.
So, there's the facts as they exist today. No rumors. By way of full disclosure I inform subscribers that I have been a seller of CPNE in small amounts for our corporate account when the stock traded well over the last six months. Our position was down to just over 200,000 shares. Today, I have been a buyer of the stock in a couple different accounts. I was trying to buy early under $2.20, but couldn't get any fills. So far, I believe I have purchased about 15,000 shares. I will probably buy more if it stays in this range. I also reserve the right to buy and sell at any time of my choosing following the guidelines set out in the Mission Statement. You can find it on the home page.
Let's hope its Deja Vu all over again. I am betting it is. Keep an eye on the BLOG this week for new information concerning 144 filings. However, once we see them, all they might do is explain the recent down draft in the stock. By then, it should be in the rear view mirror.
hey tsafi, i found that post on another board. I thought it may be some information for those who are holding NVMG. That's not a recommendation to buy. If poeple like the stock, they should do their own DD before investing their money in it.
NVMG - i flipped it once a couple of weeks ago. I haven't been looking at it since then and started watching it again today. Looks like it's been getting some good volume since the beginning of February.
I am thinking of buying NVMG, possibly $0.013-14. I think there is a chance it'll hit $0.025 this week. I won't be greedy. I will take a quick 20-25%.
Hi m0m0mey0, got your PM. Sorry I can't reply back cuz i am not a paid member of IHUB. (you can find me on YM & AIM though - lanluik)
I am not sure if Shakerzzz is still holding NVMG. I sent him a YM message but he didn't reply.
Mind telling me what's going on with HMGP? I haven't been following since I am quite new to this site.
Thanks again.
Nice analysis m0m0mey0. I've actually flipped NVMG once from $0.008 and sold at $0.013. I am looking at NVMG again and hope I am not too late in the game.
I guess $0.015-16 is a good entry for me.
Found this about NVMG on another board. MBoomer, you still own NVMG right? Good one.
NVMG Chart is VERY MUCH still intact.
I don't post my charts, because some of my indicators/methods are proprietary, and I don't like to strip them down for anyone. Not to mention that I find the posting of annotated charts to be highly manipulative.
But I will say the following about the daily chart.
The CMF(14) just went positive today for the first time in months. Great $ flow, a few people are waking up, and today was a great chance for everyone to get on board who has been sitting on the sidelines. Looks like many saw the opportunity, and capitalized on it. And Longs showed their resolve and support to the newly initiated. Smart, I'd say. BULLISH.
The +DMI(14) is still at or above the ADX(14), and the -DMI(14) is nowhere in the vicinity. BULLISH.
The RSI(14) is at 75.21. Still in the PowerZone. BULLISH.
The CCI(14) is at +107.91. Still above the +100 line. Even if it dipped further tomorrow, and then bounced up Wednesday off the zero line, it would be a perfect setup for another big run from here. BULLISH.
I really don't use MACD, but it's as green as the day the cat was let out of the bag. And the 3 day MACD is still ascending *sharply*. BULLISH as can be.
We're riding the 5MA like a true champion stock.
I don't consider the long wick from Friday to be of much consequence. It would have been a shorter wick and a taller body if it wasn't for the timing of the typical Friday day-trader selloff. And today's action was just typical consolidation from Thursday and Friday's action. Maybe one more day of consolidation, or maybe not. But the next big move this sucker makes should put smiles on everyone's faces.
Finally, welcome to all of Chartinator's adventurers. You all picked a great one. Hang tough, and learn from the great crew that we already have here on this board. Lowman, Brikk, and many others have shared so much already. Check out the DD, read my comments on the L2, observe the short position #'s, etc....
This ain't no flipper play, and while some might do well flipping it for tulip $ for their wives's flower garden, if you want the real reward, you'll see past the need to freak out over every tick on the tape if you want to buy the new house to go with your tulip gardens.
Watching tomorrow:
CPNE - free falling, but may rebound for a quick flip
NVMG
DFNS
TSL
OPBL is not looking so hot. I won't buy now.
damn it. I think the base is $2.35-2.4 for CPNE.
OPBL good entry $8.40-8.45.
bobbytx1, OPBL good entry now. You may also want to look at CPNE on this dip.
something is wrong with CPNE.. what's up with the selling pressure?!
Well $9 now!
I said OPBL to break $8.8 last friday, and it did, just now!!!
Bought URRE, URME, NVMG this morning
still watching CBAG, RSFF, TTEG and NWWM
bemilio, how long are you planning to hold DNFS?
URRE is hot this morning!
cheevis, NTTL is on fire as well!
bemilio, i tried adding you to my YM a while ago, but never got your approval to add. You can still find me - lanluik. Hope to talk to you soon.
Thanks tsafi. Is URRE or URME a better buy here? I personally like URRE more, but URME chart looks nicer.
Is it a bad idea to buy both on Monday? Hmmmmm
bemilio, here is what I think...
EXEG - went up too fast I won't add on Monday but will be waiting for a dip. Would you please keep us updated when it's a good time to add?
EDNE / DFNS - looking pretty good here.
CBAG / URRE / URME - CBAG looks interesting along with URRE and URME. Like tsafi said, this sector is hot now so I may buy $1000 of each, hold 1 month, and see how they perform.
BTIB & RSFF - i am monitoring before buying. I think RSFF is a better buy here though.
CCBEF & TTGL - I suggest to buy them on Monday. They are looking great. CCBEF great chart set-up, TTGL great news.
OPBL / CPNE / GOFH / IBIN - I have already posted them here.
http://www.investorshub.com/boards/read_msg.asp?message_id=17349617
hey bemilio, i am looking at these same companies too..
EXEG 2.490 XX
EDNE 1.400
NTRZ 3.300 XX
These are not long term hold, but I will be watching / buying on Monday.
NVMG $0.017 (flipped it once, I will buy again)
CCBEF $3.17 XX (long term)
BTIB $1.90 (monitor)
RSFF $2.77 (monitor)
WRNW $0.01 (bottom play)
URRE $5.80 (flipped it once will buy again, medium term)
URME $8.20 (medium term)
tsafi what do you think of URRE and URME (uranium stocks)?
Remember ECFL? up 200% on Friday. LOL!!!
Excuse my language, but this company is such a POS.
Tsafi, changing my pick to WTVI
TTGL (correct link below): Titan Global Holdings Provides Update on Revenue Guidance for Fiscal Year 2007
http://biz.yahoo.com/bw/070223/20070223005098.html?.v=1
I have these OTC stocks >$1.00 in my portfolio long-term. Just want to give you an update. OPBL, CPNE, TTGL, GOFH, IBIN, CCBEF (looking to add back NTRZ, URRE and INHX; used to own them but sold already).
OPBL
- latest news: Stockpickr: Uncovering Micro-Cap Gems
http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10340383.html?cm_ven=YAHOO&cm_cat=FR....
CPNE
- latest news: Commerce Planet, Inc. Provides Pre-Filing Guidance for 2006 Results
http://biz.yahoo.com/bw/070222/20070222005313.html?.v=1
TTGL
- latest news: Titan Global Holdings Provides Update on Revenue Guidance for Fiscal Year 2007
http://biz.yahoo.com/bw/070222/20070222005313.html?.v=1
GOFH
- latest news: GoFish to Review Trading Activity in Its Common Stock
http://biz.yahoo.com/bw/070223/20070223005650.html?.v=1
IBIN
- latest news: IBSG's BizWorld Pro Digital Commerce Platform Selected for Vendor Management by Drako Oil and Energy Corporation Limited
http://biz.yahoo.com/bw/061213/20061213005242.html?.v=1
CCBEF
- latest news: Clearly Canadian Announces New U.S. Mid West Distributors
http://biz.yahoo.com/bw/070222/20070222005548.html?.v=1
Just Chart (for NTRZ, URRE, INHX)
NTRZ
URRE
INHX
Is SEWC still going at all??? TTOON???
can I pick SBDN?
tsafi how do you think NTTL is going to move next week? Your guidance please.
langlui is doing okay. I think OPBL may see $8.8 next week. Just kinda pissed that I can't get any SBDN until next monday. LOL! I hope I can still get SBDN while it's cheap..........
Here we go! OPBL $8. I like this stock since finding it at $3. YES YES YES
I actually sold yesterday and when it saw it dipped more i bought back again. OPBL will move back up.
i think MM is screwing around with CYBL
It was up to $0.022 in less than 2 minutes, and now down to 0.02. haha..
CPNE - nice comment by otcjournal
http://www.otcjournal.com/otcb/?p=373
as indicated, $2.875 is a good buy, screaming buy at $2.50. SSL is $2.25.
The sell-off always happens right after any type of major announcement. However, CPNE is always able to rebound nicely after the sell-off. I am in for the long-term, right now $2.79 is a very good buying opportunity.
Great info, joe.
here is a very nice comment from otcjournal:
http://www.otcjournal.com/otcb/?p=373
I am not trading, but just having these on my watch...
WTVI (may start a second run around a +50%, or may go down more)
MOBL (bouncing back nicely, 52wk low $0.035)
CYBL (may bounce at this level, 52wk low $0.015)
PLYCF (nice volume in last 2 days, I think she can go up more)
I really like your pick SBDN, tsafi.. I'll resume trading next week hope it won't go up too much tomorrow....
Thinking of accumulating some URRE